Tootfinder

Read "What went wrong with capitalism" by Ruchir Sharma.
A mildly interesting description of the major events in world an US economics in the last 50 years. Might
be a fair summary for anyone who didn't live through it or has a poor memory.
In short he thinks what went wrong was government bailing out failure leading to massive debts and increa
sed inequality.
Governments took over all the things instead of letting capitalism sort them out, he reckons, and wheneve
r a big industry or company fails you just get socialism for the rich and a bail-out from new printed money.
Easy cheap money, constant bail-outs, government intervention, leading to zombie companies racking up every larger debt to exist, billionaires who can't fail due to government support, and a stock market that's up-only bringing a flood of inefficiently-allocated capital.
Is he right? I mean, maybe, sort of. But when an industry really can't be allowed to fail, say water supply and waterway management, allowing private capital to extract maximum resources from it isn't the best method to manage it in the first place. No wonder they need bail-outs. Capitalism fails here because capitalism isn't the right solution here. We need publicly owned national services, not robber barons without
bailouts.
So, you know, half right. Perhaps these are some of the reasons why capitalism fails, but also we shouldn't even be trying to apply capitalism to every single thing in the first place.
#reading #capitalism #economics #RuchirSharma

Texas state capitol evacuated after 'credible threat' toward lawmakers (Ben Johansen/Politico)
https://www.politico.com/news/2025/06/14/texas-capitol-evacuated-protest-00406287
http://www.memeorandum.com/250614/p79#a250614p79

NYC-based Zorro, whose AI-powered software helps clients' workers navigate health insurance and benefits options, raised a $20M Series A led by Entrée Capital (Erin Brodwin/Axios)
https://www.axios.com/pro/health-tech-deals/2…

Exclusive: Zorro clinches $20M Series A for ICHRA health plans
As employers wrestle with rising costs, the group plan alternative is gaining steam.

foursquare_global: Foursquare global check-ins (2013)
A bipartite network of users and locations, representing check-in events worldwide on Foursquare, from April 2012 to September 2013. Metadata include country, city name, city type (e.g. national capital), and vender's latitude and longitude.
This network has 3935215 nodes and 22809624 edges.
Tags: Social, Online, Unweighted, Metadata, Timestamps

I think it’s pretty notable that Greta Thunberg has openly blamed capitalism for the climate crisis we’re in.
She argues that the current system, driven by fossil fuel interests, colonialism, imperialism, and exploitation, is fundamentally responsible for environmental destruction and social injustice.
While she has been a prominent figure for several years, her media presence has fluctuated. Recently, she has received renewed attention, particularly after high-profile events lik…

Police arrest roughly 60 veterans and military family members protesting outside US Capitol after group crosses police line (Holmes Lybrand/CNN)
https://cnn.com/2025/06/13/politics/protesters-arrested-us-capitol
http://www.memeorandum.com/250614/p13#a250614p13

London-based OneBalance, which lets developers integrate crypto features into their apps, raised a $20M Series A led by Cyber Fund and Blockchain Capital (Catherine McGrath/Fortune)
https://fortune.com/crypto/2025/06/11/

Crypto software company OneBalance raises $20 million from cyber•Fund and Blockchain Capital
Crypto company OneBalance plans to use the funding to support additional blockchains.

Minnesota Shootings Shake Capitol Hill, Spark Security Fears (Wall Street Journal)
https://www.wsj.com/politics/policy/minnesota-lawmakers-shooting-response-political-violence-958959d4
http://www.memeorandum.com/250615/p11#a250615p11

Amsterdam-based Tebi, which offers a payments platform for hospitality companies, raised €30M led by CapitalG, after a €20M Series A in October 2024 (Anna Heim/TechCrunch)
https://techcrunch.com/2025/06/10/tebi

Tebi, the new startup by Adyen's departed cofounder, raises a fresh $30M from Alphabet's CapitalG | TechCrunch
Co-founded by Adyen's former CTO, Tebi helps restaurants, bars and other hospitality businesses manage their operations with an all-in-one subscription-based platform that can handle payments, reservations, inventory, and more.

US Capitol Police arrest 60 people after veterans demonstration (Annabella Rosciglione/Washington Examiner)
https://www.washingtonexaminer.com/news/crime/3441993/us-capitol-police-protest-arrests-60-people-veterans-demonstration/
http://www.memeorandum.com/250614/p1#a250614p1