vannevar 15 hours ago

But we're seeing in real time that it can be run like a piggybank.

  • Molitor5901 14 hours ago

    I have always believed in the adage that one man's terrorist is another man's freedom fighter. Agencies like USAID have been piggy banks for politicians pork projects and causes forever. I've been in public policy in Washington, DC> for 22 years. We know there is rampant fraud in the government, we know there is highly questionable spending, but we don't talk about it because nobody wants to upset a member of congress. Members of congress don't talk about it generally because of my aforementioned adage. Everyone benefits. It really takes the President and the administration to bring this stuff to light, you simply cannot depend on congers or the bureaucracy. Nobody wants to lose their jobs or get hammered down for making a stink.

    • cbradford 13 hours ago

      Absolutely correct. The only reason to resists transparency and accountability is if you have something to hide. The american public is smart enough to know that you don't make a $200,000 per year salary and amass a wealth of multi millions. It was a fun ride for the inside while it lasted, its time to move on now.

    • scientator 12 hours ago

      We also know there's rampant fraud in the business world: Enron, WorldCom, Madoff, Lehman Brothers, S&L scandal, etc. etc.

      Now the billionaires are gutting the government's oversight ability. Business fraud will go through the roof. But I guess that's the plan.

    • throwworhtthrow 11 hours ago

      I can't tell if you're speaking about presidential administrations in general or the current one in particular. Trump already had four years as president, and during that time he did not fight pork spending at all. Rather he personally siphoned many millions of American taxpayers' dollars by frequently bringing government staff to stay with him on his own resort properties.

    • EnergyAmy 13 hours ago

      Musk is looting the government for personal gain as part of a coup. What is happening right now is bad, full stop.

      You can advocate for more transparency and tamping down on corruption, but this is not how you do that.

  • fch42 12 hours ago

    It sure can be smashed up like a piggybank.

  • lazyeye 14 hours ago

    Well till now it's been a piggy bank for a million political operatives, hacks and grifters so even if true it still might save the taxpayer money...

    • EnergyAmy 13 hours ago

      That take is so naive it hurts. Musk will siphon more money to himself than anybody before, because he's destroying any checks on his ability to loot the government.

      • lazyeye 12 hours ago

        Not remotely naive. Fairly obviously a large proportion of USAid, in particular, is nothing more than a Democrat slush fund that funnels taxpayer money into Democrat "charities" and the like. I don't think I'm the naive person in this conversation.

        • piva00 9 hours ago

          Any sources for the large portion going to Democrat charities? Would appreciate something with a table or graph if it exists.

          • lazyeye 8 hours ago

            Seriously...the information is overwhelming if you're paying attention. Do your own research.

scrubs 8 hours ago

This indirectly substantiates my theory that the single biggest problem in the US federal government is congress. When a institution does not wield power (righteously for its customers) the power vacuum is filled by (1) lobbies (2) big business coercion that congress folds on (3) the executive branch doing what congress should be doing and (4) with trump probably incompetently with conflicts of interest.

Folks systemic break down is no joke.

The congress modus operatum:

Tell you I'm an outsider () tell you I care about kitchen table issues () bloviate on and raise money on wedge issues (*) repeat

is woefully bad, and is a major part of the problem starting to pick one point N. Gingrich. (If newt was a dem same issue same result).

mannyv 13 hours ago

HBR throws the baby out with the bathwater.

The government can't be run like a business because the government is for everyone. That said, it doesn't need to be run like a non-profit.

josefritzishere 12 hours ago

If you have ever watched a private equity firm acquire and systematically destroy a profitable company, you know exactly why the government should not be run like a business.

dandanua 15 hours ago

[flagged]

  • dctoedt 15 hours ago

    No reason to flag it — it's a useful explanation of a clearly-established truth.

dont-trust-libs 15 hours ago

[flagged]

  • BugsJustFindMe 15 hours ago

    Earnest question: Why did you make a new account just to post that comment?

    • Jtsummers 15 hours ago

      They're just trolling. Remember the old advice: Don't feed the trolls.

    • unethical_ban 15 hours ago

      It's not an attempt at earnest discussion, so why expect an earnest answer? They attacked the messenger, not the message.

  • isoprophlex 15 hours ago

    Which libraries don't you trust? xz?

k310 14 hours ago

The constitution gives us the right to pursue happiness, but no mention of attaining it.

That means spending trillions on ways to achieve what comes from within if we just look there.

About your downvotes: you sure are in a mean mood today! Find your inner happiness.

  • unethical_ban 13 hours ago

    Yes, zen hard enough and food will be in your stomach, viruses will be studied, and nuclear weapons will be safe.

fooker 14 hours ago

Not that I disagree, but people thought Twitter would crash and burn in a matter of weeks if not days after workforce reduction.

Be prepared to be wrong, and the political consequences if you are wrong about this.

  • xracy 10 hours ago

    I think the current valuation of twitter is around $9B? Which answers the age-old question "How do you make $9B?"

    You start with $40B

    But I don't know what metrics you're judging by other than general ~vibes~ but 75+% loss of valuation is a pretty clear crash and burn. Additionally people are still leaving the site because it's such a cesspool, so yeah running a site into the ground with fewer users and is way easier than running a site with more users.

  • throwaway2016a 13 hours ago

    I've been using Twitter since the early days and while it hasn't crashed and burned it definitely performs worse than it used to. The only bots now are the ones willing to play dirty so every one of my tweets typically gets liked by at least one "adult" account with 18+ material on it. I go to my lesser used accounts (that I have for my business) and 90% of the ads are for scams, NFTs, outright porn, and sleezy mobile games.

    Let alone the technology itself. Someone liked one of my tweets the other day and it showed up in my notifications but it took hours to show up on my page as a like. Sometimes I tweet and it doesn't show up for a long time and I don't even know if it successfully posted. And every single one of my notifications is right wing, not a single liberal notification on most days.

    Not even mentioning that Musk has been pretty eager to ban people he disagrees with. Which is the opposite of what he said he would do. And "tweet" was a "verb"... you know how hard it is to get your own verb as a product? But he just threw that brand equity out.

    So yeah, it may not have crashed and burned but from a technology and a culture perspective it is not what it used to be.