So very true.
Why are Democrats going after Elon Musk with everything they have? It's not because he's a billionaire in politics. They've been perfectly comfortable with billionaires in politics for decades. They're going after him because he's the first one playing against them.
Look at the numbers. Soros's Democracy PAC had put over $100 million into this midterm cycle before the summer was even over. Only a tiny fraction of it shows up under his own name. Then add the advocacy arm of his foundations, which doesn't have to disclose all of its political spending. And that's just the visible part. Over 40 years, tens of billions have gone into NGOs, universities, legal networks and media projects that shape what counts as an "acceptable" opinion.
That's the real game. Billionaires have been buying politicians for decades, on every side. But the smartest ones figured something out: you don't buy a candidate, you buy the ecosystem. Universities, foundations, newsrooms, NGOs, regulators, courts. Once you control who writes the reports, who trains the lawyers and who decides what counts as "misinformation", elections become a detail.
For 30 years that ecosystem leaned one way. Nobody called it oligarchy. They called it "civil society."
Then Musk showed up. He bought the main public square, took the filters off, and started spending in the open, under his own name. Yes, he's the biggest donor of these midterms. Everyone can see exactly how much he gave and to whom. That's the difference. One plays in daylight, the other plays through a maze of structures.
And suddenly, billionaire money in politics became a threat to democracy.
This isn't really about left versus right. It's about an ideology that captured these institutions and leads straight into a wall. More regulation, less building. More process, less progress. Countries shutting down working nuclear plants. A decade to approve a power line. A system whose default answer to any ambition is "no."
Musk is the opposite. Reusable rockets. Mass-market EVs. Satellite internet for the whole planet. Brain-computer interfaces. A serious plan to make humanity multiplanetary. You can hate his tweets. You can't deny that no one in the last 20 years has pushed the frontier of what humanity can build further than he has.
That's why they need to break him. Not because of his money. Because he proves the system can be bypassed.
If we leave the system as it is, we don't get a catastrophe. We get something worse: slow, comfortable stagnation. A civilization that manages its own decline instead of building its future.
5 years ago: Starlink is such a stupid idea. Anyone wasting money investing in this Musk scam deserves to lose everything.
Today: Starlink is essential to the defense of an invaded nation. Access to Starlink is a human right! Nationalize it!
Power is also why the chip and memory trade will continue as the build out replaces older AI infra with more power-efficient, newer tech to optimise the energy available today. $NVDA $MU $AVGO $INTC $COHR
Power is one of the AI buildout's biggest bottlenecks, and US capacity to make electrical equipment is shrinking
US factory capacity since 2019:
- Comms equipment: +110%
- Semis: +77%
- Computers: +16%
- Electrical equipment: -9%
Electrical equipment prices are up 69%, the biggest jump of the four categories
Charts of the Week: a16z.news/p/charts-of-the-we…
As I’ve argued too. Brits don’t understand EV at a country level (US vs UK) dramatically changes a nation’s trajectory even if you entertain the whataboutery of individuals.
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In a surprise to absolutely nobody with any economics or business experience, rents are rising thanks to @AngelaRayner not understanding supply/demand or incentives explaining outcomes.
Craig retweeted
The moral case for capitalism is that your life belongs to you. Your work, your savings and your plans don’t become somebody else’s property because they have a moving speech about how they’d use them.
🇵🇱 Okay my final Poland video because we're leaving soon!
It was really fun and we had a great time
I liked Warsaw most to be honest, a very modern city, a bit like East Asia in terms of modernity, with rapid delivery services and apps, everything just works great and fast
I'm not saying it's perfect btw, there's moments where you still realize it's Eastern Europe (or as they'd like to call it Central Europe) but then the difference is they generally solve problems fast and pragmatically
Many shops you go will actually have a long line at the checkout, annoying, but usually there's a second checkout but it's closed
That's because Poland too has a big labor shortage, one of the lowest fertility rates in Europe, so they too kinda have to import people, but they choose to import them from Ukraine and Belarus (and some South Asians actually too)
But wait, so that checkout line is closed yes? I'm so used to Portugal where there is zero incentive to then open another checkout counter but in Poland usually within a few minutes they notice it's busy and open another counter. I know, basic stuff but hard to come by these days. They're fast and pragmatic
Ordering flowers for my gf was easy, the flower shop has an IG (but I don't) so I msg them over Whatsapp, they immediately respond, give me some options, I say what I want, address, payment link with Stripe (!) and done delivered at my hotel by a nice guy. All soooo smooth. Fast response, friendly people. Things just work here!
Poland has done a great job keeping bad immigrants out while bring good immigrants in. The Ukrainians and Belarussians are neighbors and their cultures overlap strongly with Poland. So they fit in easily. Same cultures, same religions, same routines etc. for the most part
A young Polish Uber driver I talked to said to him Krakow (his city) looks just like Lviv in Ukraine, so it's easy for Ukranians in Poland to integrate
There's a lot of police presence in places, and military vehicles also (probably cause of the Ukraine war), the security at the Warsaw Airport is not done by some 5 layer outsourced company with staff that hates you, but by friendly people from the Polish Border Guard (Straż Graniczna) wearing military uniforms
Warsaw has lots of skyscrapers now, and actually the tallest in Europe now at 310 meters is the Varso Tower, crazy!
Poland is a booming economy and growing fast. When you're growing of course it's easy to make things go well. I'd say it's important for Poland to look ahead carefully and don't make the same mistakes that Western Europe did when everything was going well and we were very rich
We became complacent, stagnant, added regulatory burdens, became overly obsessed with climate change and the environment, and imported the lowest quality tier of people from cultures that hate our guys and are diametrically opposed to Western culture
That last part is especially interesting considering Poland's history, where 6 million (!) or 20% of the country was ruthlessly murdered in World War II
I think that gives them the power to not have to be politically correct about immigration like Germany, because Poland after all was the victim, while Germany then was the purpetreyor. Which is why Germany does have to be so politically correct about it, due to extreme historical guilt
You walk on the streets of Poland in the day and at night and you see the difference what sane policy does to daily life
We're all dealing with the echoes of history
So my message to my Polish friends: don't make the same mistakes Western Europe did and you will soon be the richest, safest, most modern country in Europe and hopefully then have the power to be the new leader of Europe
And maybe you can then save Europe as a whole!!
Niech żyje Polska! 🇵🇱
🇵🇱 Warsaw is Poland's biggest city and it is completely safe at 1am at night
No violent junkies, no drug dealers, no street thugs hanging around harassing women (and men), no pickpockets (nor in the day btw)
No shady people hanging around the train and metro stations
Just people living chill together and police enforcing safety
You know like we used to in Western Europe?
There's a lot to learn from Poland
Craig retweeted
“The barbarians are not at the gates. They are inside the gates—and have academic tenure, judicial appointments, government grants, and control of the movies, television, and other media.”
— Thomas Sowell
Time to finally bite the bullet and switch from @AnthropicAI Claude Code to something else... Codex or Grok.
Anthropic plans to commit 5% of shares to a new “public benefit fund” with the flexibility to make charitable donations or direct money to “specific populations” on.wsj.com/3VT0WvR
In a surprise to absolutely nobody, the EU doesn’t play by its own rules and is completely compromised.
The @EUCouncil has still not released the working documents where each Member State’s position on EU Inc would be visible.
Against the law. Against EU Court rulings.
Enough with this opacity that benefits the red tape lobby.
They know they have to hide this. That’s why they hide it.
We want European leaders who make Europe win. Not on the wrong side of Europe’s history.
The most obvious thing is to make EU Inc as fast and as easy, or faster and easier, than US Delaware.
Not to keep notaries feudal privileges and imposing a numerus clausus, a de facto ban on English, exhorbitant fees and sham digitalization in EU Inc.
Europeans have spoken. Don’t go against Europeans’ will.
Repost
Long $AAPL
The thirst of the state to confiscate wealth knows no bounds…
When I set my business up 10 years ago today Employers NI was 13.8%, Corporation Tax was 20% falling to 19% in Apr 2017. The tax free dividend allowance was £5,000, the top rate of tax on dividends was 38.1%. You could sell your business and make the first £10 million of gains at a rate of 10%.
By every single metric setting up a business in this country has become less attractive. Before you get to the mechanism actually trying to do anything as bold as opening a bank account working a 5 day week etc...
Everyone should read this 👇🏻
The WSJ starting to admit the obvious: Western democracy when combined with fiscally negative immigration and a generous welfare state, inexorably creates a solvency crisis. (they didn't mention the immigration part but it's an essential ingredient in the toxic mix)
their words are unusually stark:
> It’s also a litmus test of a pressing question facing the West: Is it possible for political leaders to rein in spending on ever expanding welfare states? So far, the answer seems to be no, increasing the chances that countries like Britain are inching toward a financial reckoning.
the welfare state + open borders model is a clear democracy failure mode and there's no obvious way out. no western European nation will reform pensions or entitlements. they are actually fundamentally incapable of doing what must be done. (the immigration aspect is virtual corollary to democracy because it creates incentives for the left to import reliable voters, so at least part of the time immigration is virtually unfettered.)
the UK, with maximum, unending immigration, an aging and shrinking workforce, a tiny and overexploited base of taxpayer paypigs, highly financialized service / financial industry, a legacy of welfare as political payoffs to disenfranchised groups, an inability to cut pensions, and a stagnant, is the poster child for this disease and the worst affected but by no means the only nation in this predicament.
the UK's grim fiscal state is the future of every western nation, unless something changes dramatically.
aging population + increasingly discouraged working-age adults + highly mobile capital & elites that simply leave under onerous tax regimes + mass and unending fiscally negative immigration + expensive decarbonization and deindustralization + a left wing that is totally committed to immigration, over all else + a total inability to cut entitlements = fiscal crisis and eventual default
in the end, the wealthy and the entrepreneur class that actually power growth will simply leave to escape the tightening tax noose. the government will become increasingly reliant on the middle/upper middle professional classes who lack the ability to leave, completely eliminating any motive to be entrepreneurial or take risks. the economy will become increasingly torpid as dynamism vanishes. the left will continue to gain power due to slow electoral build of immigration and will continue to honor their side of the deal, which is neverending handouts to fiscally useless electoral client groups.
case studies like south africa, venezuela and lebanon show us that life can get worse, and worse, and worse, and worse and worse. things getting extremely bad are not a guarantee that they won't continue to get worse. don't be fooled by anticipating a sudden realization among political elites that they have employed the wrong formula. things can just get steadily worse for decades and decades with no escaping the slide.
if I had to guess, I would venture that if no MAJOR (and I'm talking _major_) political reform occurs in western Europe, the continent will enter a sovereign debt crisis in the coming decade, standards of living will collapse, life expectancy will collapse, entitlements will be ravaged. I anticipate something akin to the effect that the collapse of the Soviet Union had on the local population, or worse. politics will be polarized between the ultraright and far left, each with their own radical solution to the problem (extirpating immigrants, versus actual socialism). I don't know which of the two will prevail. neither the right nor the left is willing to reform entitlements, which is the biggest problem, and so the market will do it for them. the US may escape their fate, but I am not particularly optimistic it will. our demographics and willingness to do hard things (on immigration, eg) are marginally better, but our spending and fraud-based entitlement economy is almost just as bad. no major party will even contemplate uttering that boomer luxury communism must end eventually. it's not even a topic in the midterms nor will it be in '28.
the productivity boost from AI might grant European nations a slight reprieve in the medium term, but it wont salvage their bleak fiscal situation in the end. this is because almost no European nation controls the industrial inputs to AI (beyond ASML), so their gain is limited to the productivity uplift from deployment of the technology, while they remain vassals to the nations which actually control the deeper stack. moreover, a GDP and tax revenue boost from AI can easily be outspent. these nations have a spending problem, not a revenue problem. they can always dream up utterly farcical new handout schemes, like the UK's "motability". additionally, while AI creates a legion of highly productive entrepreneurs, they will all tax optimize and the benefits of new firms will largely not be captured by their respective governments. capital and startups are more portable than they have ever been. AI simply accelerates the pareto-ization of the economy whereby a shrinking minority of founders produces more value whilst more and more are idle and depend on handouts from the productive few. however, capital and human capital mobility destroys this fragile arrangement and strips the idle many of their benefactors. AI buys Western Europe at most a few years of delay to the inevitable crisis.
Replying to @RealNickMugalli
Micron has been reasonable regarding future memory prices, while others have been extortionate, which is something today’s customers won’t forget …
Micron is making is the smart move for long-term customer loyalty.

























