Her break dancing at the Olympics was hilarious.
Her break dancing at the Olympics was hilarious.
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…a “leveraged loan” usually means there’s a contract to sell a natural resource for a very cheap price (far below the market rate) if the loan isn’t paid back. That’s the “leverage” that makes the loan (usually to an otherwise poor country) “good” in the eyes of the world bank.
So that’s what happens. If they refuse to give up the goods, they’ll get down graded, possibly refused global banking services, or put on an embargo list… And they’ll probably arrange ownership of the mine/refinery/wells and have them secured with private security forces anyways.
When you’re too questionable for the world bank - who regularly offers leveraged loans to dictators they know are going to embezzle the cash and flee, leaving whole countries destitute.
…even those guys are like - “nah, Elon Musk clearly has a questionable character”.
Look up “surveillance capitalism”… It’s for directed marketing and algorithmic attention manipulation. It Chomsky’s idea of the “very lively debate within a narrow range of ideas” combined with Fouccalt’s idea of the Panopticon.
As Adorno said of the consumer culture industry: “Something is provided for all, so that none may escape”.
There’s a multi-part talk on YouTube if you want to hear all about it.
…and all so they can steal our collective content, creativity, and every piece of individual thought or content we’ve ever communicated online.
…with the aim of exploiting it to make billionaires richer.