Big Fed rate cuts, AI killing call centers, $50B govt boondoggle, VC's rough years, Trump/Kamala
All-In with Chamath, Jason, Sacks & Friedberg
Vote Buying Breeds Corruption
Government incentives create a cycle of wasteful spending that persists regardless of the administration in power. The normalization of such practices means once broken, the seal on extravagant spending leads to continuous financial irresponsibility. In the private sector, efficiency and cost-cutting can lead to promotions, but in government, cutting programs leads to backlash from constituents. This disconnect results in politicians resorting to vote-buying tactics to maintain support, reinforcing a culture of financial immorality.
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