

Maybe more importantly, for his readers and listeners, Zitron holds out the seductive promise of some great comeuppance for the industry. Justice, of some kind, for an audience that isn’t seeing much of it in evidence anywhere. “I do not think this is a real industry,” he has written, “and I believe that if we pulled the plug on the venture capital aspect tomorrow it would evaporate.” When On the Media asked how he could be so certain that a collapse was coming, he replied, “I feel it in my soul.”
Yeah this cannot be bad journalism, it has to be intellectual dishonesty. Someone paid for a hit piece for sure.

back in ~my~ day cartel oligarchs would meet in secret to fix prices for products you cannot live without, then get a ton of profit and swim in money, while backstabbing one another at any opening with blackmail and assassins and whatnot. sometimes they’d fund a library or something to pretend they were philanthropists.
cartels these days make pretend products that nobody wants, then promise they’re going to “invest” one quadrillion dollars on the other oligarch’s company to create more virtual husbandos, and the other company in turn promises they’re going to buy one quadrilllion dollars of “compute” from the first company, so that both can report one quadrillion dollars of “growth” for doing absolutely nothing. like who are they even trying to impress here. then the oligarch hires people to pretend he can play Diablo. what happened to honest, salt-of-the-earth exploitation of the masses, huh. the boot stomping on my face is all cheap plastic nowadays. they gotta replace it every 3 years and the new model doesn’t even fit my face anymore. they don’t make cartels like they used to