#131: Housing, Chinese Hacking & Upper Class Riches
Greetings from Taiwan, a picture of Taipei 101 this week from a short hike with a friend:
📩 Enjoy receiving this e-mail? Forward this to a friend who likes reading good stuff via e-mail or share this on twitter.
✌ If you want to support the newsletter, you can become a support on patreon or help me out in other ways here
#1 Urban Professionals & Housing
Alex Danco connects the dots between increasing housing, the urban professional job market and the credit engine behind it all and attempts to help people understand why increasing supply in cities will not lower prices
The denser the city gets, the more bifurcated the job market becomes; the ready supply of credit that’s available means that any given unit that’s built is going to get priced not at what the local labor market can support, but rather what the “young professional creative/credit engine” can support,
#2 Chinese Hacking To Build A Plane
A Crowdstrike report published today shows how this coordinated multi-year hacking campaign systematically went after the foreign companies that supplied components for the C919 airplane.
#3 Amazon Good & Bad
A longform exploration of Jeff Bezos’ mid-life crisis, Amazons continued takeover of the world, its extreme (and boerdline cultish) company culture and its mistreatment of workers. The article is very much about Bezos, mentioning him 91 times:
Bezos’s personal tumult distracted Amazon’s leaders at a particularly fraught time. The company’s headlong growth has led to a series of scandals, and executives have been unsure how to contain the damage. Like other process companies, Amazon is learning that a flywheel, once spinning, is very hard to stop.
#4 The Emergence Of Game B
Even though many have argued that we may be past a new “meta-narrative” for the world, this essay is a thoughtful reflection on the possibility and the emergence of an “intellectual deep web:”
wisdom is not wisdom unless it’s based in compassion.
#5 The Middle Class Shrinkage / Upper Class Expansion
In the US. the common narrative is that the middle class is shrinking. This is true, but it is because more people are making over $100k
💙 Thanks for reading. If you enjoyed this, feel free to forward this to a friend who likes reading good stuff via e-mail or share this on twitter.
📕 You can find my full book ratings & reviews (in process of updating this) here.
If you feel inclined to become a paying member of the community, you can become a supporter here.