u/fap_fap_fap_fapper

The original post (sarcastic):

>It’s criminal the CEO makes 400X what the average worker makes but it’s perfectly fine that Taylor Swift makes 100000X more than the people who clean the arena after her concerts. A just society is one that rewards the exceptional qualities of the musician but not the executive.

Reply by Konstantin Kisin (shared by Elon Musk):

>This is because the anti-capitalist left is not actually against people being crazy rich. They're against certain types of people being crazy rich.

>Artists and athletes make sense to them because they've played music and sports and because their success can be explained by "luck" and "talent". Messi's wealth is not offensive to them because they understand Messi is much better at football than they are.

>But when it comes to business, the anti-capitalist leftist has no framework for understanding why Jeff Bezos might be super rich since 99% of them have never ever created a product, business or service that was of value to other people. They've never taken entrepreneurial risk. They've never employed people and felt the burden of responsibility that comes with that. They've never pick up a business and given it a play in the way they've picked up a ball or a guitar.

>They *literally* don't understand wealth creation. They think there is a fixed amount of money and the only thing a business does is split it unfairly.

>It's why they rage at Elon and other successful business leaders. Because they genuinely don't understand why they're wealthy.

>Also, and this is just as important, athletes and artists are disproportionately young, attractive, "diverse", left wing etc. Business leaders are "evil" middle aged white men whose success offends the average anti-capitalist leftist because they don't understand a) what it is they do and b) that Elon Musk has the same talent advantage on them as Messi does, it's just harder to measure.

Thoughts?

Rufo is a conservative anti-DEI anti-CRT activist.

On X, there was talk that Klein was very soft on Rufo.

And Sam came up. This is from Atlantic writer Thomas Chatterton Williams:

>Ezra Klein attacked Sam Harris and essentially accused him of racism for not having enough black guests on his podcast and then gave Chris Rufo the most softball and deferential interview I could have ever imagined. It’s actually bizarre. Something was really off about it.

Is this even a correct reading of what's happening? Has Klein changed? (But Klein did write more recently in NYT an article with headline 'Hasan Piker is not the enemy' - NYT later changed the title).

Its the top post on r/Marxism right now, highly upvoted. Content:

>In the Western media, the term terrorism is used not as a precise legal definition, but as a political cudgel designed to delegitimize what can only be considered the struggle of an occupied and persecuted people. Criticizing Hamas for defending itself is the same thing as criticizing the people in the Warsaw Ghetto for being too violent. It is an attempt to demand the victims of a decades-long campaign of ethnic cleansing adhere to a standard of non-violence that the occupying power violates on a daily basis and with total impunity.

(End of the quoted post.)

I mean call me a centrist but we can support Two State, harshly critique the Israeli government (they could vote out Netanyahu) and still recognize that Hamas are literal fascists in policy and in actions, which is something we have to take into account. (There was the nakba after the Arab states lost the war, but the ground reality today is Hamas is in power and we know their ideology, aims and actions.)

And yet, there seems to be open and overt support for fascists on the Left as long as the fascists have particular anti-west anti-capitalism etc stances.

Do socialists here also agree with that post?

P/E 12. 25% growth from 4 years, nearly 1C customers, app 4.6 rating, Fitch had increased it to stable BB+ last year. ICRA has AA+ (for comparison Bajaj Finance AAA).

Today again after good results its down 7%. What's the catch? Common response (not for today's results but in general posts) seems to be upcoming competition. But they have a strong leadership position and added another 100 branches this quarter.

Pls share any views on why this is a good or bad pick (for long term only).

P/E 12. 25% growth from 4 years, nearly 1C customers, app 4.6 rating, Fitch had increased it to stable BB+ last year. ICRA has AA+ (for comparison Bajaj Finance AAA).

Today again after good results its down 7%. What's the catch? Common response (not for today's results but in general posts) seems to be upcoming competition. But they have a strong leadership position and added another 100 branches this quarter.

Pls share any views on why this is a good or bad pick (for long term).

Cons:

AI could kill all outsourcing: this is the reason for the crash.

Pros:

I believe the multi-trillion dollar AI valuations in US are the bubble, not IT. I could be very wrong.

The stocks have been hammered since 3 years - this is the only reason I'm interested. PE of TCS and Infy from 40+ to now 16.

Dividend yield used to be 2-3% now 3-4%.

Falling rupee: best thing about IT stocks. This is the reason their profits have not fallen (measured in INR).

Even as AI reduces billing hours, AI itself is a new income source. TCS got $2b revenue from AI, up from $1.5b last year. HCL also implementing GCCs.

Thoughts?

Cons:

AI could kill all outsourcing: this is the reason for the crash.

Pros:

I believe the multi-trillion dollar AI valuations in US are the bubble, not IT. I could be very wrong.

The stocks have been hammered since 3 years - this is the only reason I'm interested. PE of TCS and Infy from 40+ to now 16.

Dividend yield used to be 2-3% now 3-4%.

Falling rupee: best thing about IT stocks. This is the reason their profits have not fallen (measured in INR).

Even as AI reduces billing hours, AI itself is a new income source. TCS got $2b revenue from AI, up from $1.5b last year. HCL also implementing GCCs.

Is my money gone? Thoughts?

Cons:

AI could kill all outsourcing: this is the reason for the crash.

Pros:

I believe the multi-trillion dollar AI valuations in US are the bubble, not IT. I could be very wrong.

The stocks have been hammered since 3 years - this is the only reason I'm interested. PE of TCS and Infy from 40+ to now 16.

Dividend yield used to be 2-3% now 3-4%.

Falling rupee: best thing about IT stocks. This is the reason their profits have not fallen (measured in INR).

Even as AI reduces billing hours, AI itself is a new income source. TCS got $2b revenue from AI, up from $1.5b last year. HCL also implementing GCCs.

Is my money gone? Thoughts?