Cory Doctorow on Nostr: For example, PE is absolutely dependent on massive loans as a way of looting its ...
For example, PE is absolutely dependent on massive loans as a way of looting its businesses, but it also often defaults on those loans. Why do banks and investors keep making huge loans to PE deadbeats? Because - like the PE fund investors - they are credulous dolts.
The reason PE seems like a scam is that it *is* a scam. It is a *fractal* scam - every part of it is a scam.
28/
Published at
2024-08-08 14:48:59Event JSON
{
"id": "cc7e7af7a20cd3743786847659da50b8f233a72b0e63225deea2384bbafc0d91",
"pubkey": "21856daf84c2e4e505290eb25e3083b0545b8c03ea97b89831117cff09fadf0d",
"created_at": 1723128539,
"kind": 1,
"tags": [
[
"e",
"cac4224a4b60b48a468b1e5ef8babe88e27b883db143b08a62a60285b7b6c496",
"wss://relay.mostr.pub",
"reply"
],
[
"content-warning",
"Long thread/28"
],
[
"proxy",
"https://mamot.fr/users/pluralistic/statuses/112926951951383488",
"activitypub"
]
],
"content": "For example, PE is absolutely dependent on massive loans as a way of looting its businesses, but it also often defaults on those loans. Why do banks and investors keep making huge loans to PE deadbeats? Because - like the PE fund investors - they are credulous dolts.\n\nThe reason PE seems like a scam is that it *is* a scam. It is a *fractal* scam - every part of it is a scam.\n\n28/",
"sig": "8c245f403d182d759ebe7eeba6c61f5de454fba71fc7b5b4dfad5e492ec0e609e548fd4f017365ae60b1a4bf8c051bb247fb970eed92eedab60113ac7fe4e15b"
}
