Blueberg's opinion writer noah smith had a good quote on is sub sack last week. He said, china's leaders famously want to prevent the emergence of alternative centres of power. In that same article, smith laid out an interesting argument as to why china is smashing their own teck industry. Hears the quote from noah's pieace, it's possible that the chinese government has decided that the profits of companies like ali baba and ten cent come more from rents than from actual value ad et. The world's pretty complicated now. Pretty accurate to call it the wohan virus. I never really had too much of a prom with that, except for
Jason covers China reigning in big tech (2:03), Tesla’s incredible Q2 earnings crossing $1B in profit (25:30), a $300M market movement from Tether to USDC (33:24), and gives a breakdown of a Binance Crypto Pump Telegram group (37:43).