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whimsicalism01/22/20254 repliesview on HN

this is private capital. yes, we are in an era of big projects and big capital deployment. is that synonymous with centralized autarky? i don’t agree


Replies

lenerdenator01/22/2025

This is an amount that would be a meaningful change to most US states' gross annual economic output that we're talking about, and a few people control it. Sounds pretty centralized to me.

The fact that a handful of individuals have half a trillion dollars to throw at something that may or may not work while working people can pay the price of a decent used car each year, every year to their health insurance company only to have claims denied is insane.

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FrustratedMonky01/22/2025

Is this word being used correctly?

au·tar·ky /ˈôˌtärkē/ noun economic independence or self-sufficiency. "rural community autarchy is a Utopian dream" a country, state, or society which is economically independent. plural noun: autarkies; plural noun: autarchies

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i_love_retros01/22/2025

What does it have to do with Trump then? Why was he involved?

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rchaud01/22/2025

And where do you think the socialists of the 60s got hard currency to import machinery from? Borrowing from non-state lenders.

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