★ Bernie Sanders: Ideologue and Economic Ignoramus
The article criticizes Bernie Sanders, arguing that his economic arguments mirror those of Donald Trump in their lack of sound economics, characterizing both as driven purely by ideological wishful thinking rather than economic sense.
Background
- This is John Gruber, a well-known Apple-focused blogger and influential voice in tech commentary, writing on his site Daring Fireball.
- US Senator Bernie Sanders (I-VT) is a prominent democratic socialist who often criticizes wealth inequality and large corporations. He has clashed with Apple and other tech giants over labor practices, tax avoidance, and market power.
- Gruber is implying that Sanders and former President Donald Trump, despite being political opposites, have both made economically illiterate arguments — likely about tariffs, trade policy, or corporate power. Gruber uses "ideologue" to mean someone who prioritizes rigid ideology over evidence and pragmatic economics.
- The piece mocks Sanders's economic reasoning as indistinguishable from Trump's in its lack of real-world understanding, suggesting both appeal to populist sentiment rather than sound policy.
A financial expert warns that the current global economic instability could surpass the 2008 financial crisis, citing much higher levels of debt, weaker growth, and limited policy tools available to governments and central banks to respond effectively.
The article discusses the author's exclusive report on OpenAI's audited financials for 2024-2025, revealing that the company spent $34 billion while generating only $13.07 billion in revenue, sparking debate about the sustainability of such spending in the tech industry.
The article announces a new platform designed to give retail investors access to Wall Street-grade tools, including real-time breakout detection, AI stock predictions, and institutional buying data, all at a lower cost than traditional professional terminals.
A user on Hacker News reports that OpenAI has started showing ads (for Financial Times, SHEIN, and Amazon Prime Day) within their paid £6.99/month ChatGPT plan, prompting them to cancel their subscription.