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The Hollow Men
American capitalism is rotting from the head down. We have replaced the "Owner-Operator"—the risk-taker-with a new, parasitic class of corporate bureaucrat: The Risk-Free Insider.
By "Insider," I am not referring to a specific title. I am referring to the entire administrative state that has captured the modern corporation. This includes the Directors who exist solely to collect fees, the Executives who exist solely to collect bonuses, and the Managers who exist solely to hire consultants.
These are the hollow men of the boardroom. They are masters of PowerPoint. They wear the right suits. They say the right buzzwords about "governance" and "ESG." But they are mercenaries fighting a war with someone else’s ammunition.
In a functioning economy, authority is tied to liability. If you make a bad decision, you lose your own money. That fear of loss is the only thing that keeps a business honest. It forces you to cut waste, obsess over the customer, and stay late to fix what is broken.
Today, we have severed that link.
We have rigged the game so that heads, the Insider wins; tails, the shareholder loses.
If the stock goes up, the Insider collects a massive performance bonus. If the stock crashes due to their own incompetence, they are fired with a "Golden Parachute" worth tens of millions. They are gambling with the house’s money, and they never leave the table poorer than they arrived.
This looting starts in the boardroom.
We have normalized a "Country Club" culture where directors are selected based on social profiling rather than their ability to build a business. The modern board member is often a professional tourist—paid an average of $350,000 a year.
Let’s be brutally honest about what that number represents. The average director is paid nearly five times the GDP per capita of the United States. They earn more for attending four quarterly lunches than the vast majority of Americans earn in five years of hard labor.
And for what?
Most of these directors are "over-boarded," sitting on three or four boards simultaneously. They treat directorships as a gig economy for the elite. They fly in, rubber-stamp a compensation package they didn't read, and fly out. They collect checks from companies they do not understand, do not use, and certainly do not love.
They are not there to ask hard questions. They are there to be collegial. They are there to protect the other Insiders.
And what happens when these boards hire executives who also have no personal capital at risk?
We get the Delegation Economy.
When a Risk-Free Insider faces a crisis—bloated expenses, a broken supply chain, or a stale product—they do not roll up their sleeves. They hire a consultant. They pay a strategy firm millions of shareholder dollars to produce a 100-page deck telling them what they already know.
This is not management. It is intellectual money laundering.
They use shareholder capital to buy an insurance policy for their own careers. If the plan fails, they can blame the consultants. They delegate the work because they are terrified of the responsibility. They would rather preside over a slow, comfortable decline than risk a bold mistake.
While American Insiders are busy optimizing their severance packages, our global competitors are optimizing their products. They are not slowed down by bureaucracy. They are not waiting for a slide deck. They are outworking us.
If we continue to fill our C-suites with administrators instead of operators, we will lose our edge. We will see iconic American franchises hollowed out by fees, managed for the benefit of the Insiders, while the true owners—the shareholders—are left holding the bag.
The time for polite governance is over.
If we want to save the American economy from mediocrity, we must demand a return to the "Owner’s Mentality." We need leaders who treat shareholder capital with the same reverence they treat their own savings. The era of the Risk-Free Insider must end.
$ASTS: 🚨 GOLDEN DOME UNLOCKED - AST SPACEMOBILE SELECTED AS PART OF MISSILE DEFENSE AGENCY'S THIRD TRANCHE "SCALABLE HOMELAND INNOVATIVE ENTERPRISE LAYER DEFENSE (SHIELD)"
Following the initial tranche of 1,014 awards announced December 2, 2025 and the second tranche of 1,086 awards announced December 18, 2025, the Missile Defense Agency (MDA) has made an additional 340 awards under the Scalable Homeland Innovative Enterprise Layered Defense (SHIELD) Multiple Award Indefinite-Delivery, Indefinite-Quantity (IDIQ) Contract.
A list of awardees is attached along with their respective contract number.
https://t.co/dIeiKPWpcX
@cwack1@GuyDealership 1000 is overkill. Nobody needs a thousand mile plus range. 400-500 would alleviate range fear for a lot of people hesitant on buying EVs. And sub-30 minute charging exists. I own a Hyundai Ioniq 6, which charges from 20%-80% in around 15 minutes with a 350 kwh Fast Charger
@Random_Walk_PDX@GuyDealership The world as a whole is shifting away from ICE vehicles. Give it less than 10 years and we're going to have to bail out all of our vehicle manufacturers yet again. Who, outside the US is going to want a Ford or Chevy car when you can get a Xiaomi or BYD vehicle for 50% less
@wholemars Doesn't make sense to invest in EV work trucks until battery range can improve significantly. F-150 Lightning is well designed but the limited battery that only goes down when hauling/in cold weather makes it a terrible truck for any sort of work. Pivoting to smaller EVs is smart
@Unc_Solenoid Hyundai also just unveiled their Crater EV concept car, will have the Ioniq 6N release early next year, and have a $7.6 billion plant in Georgia that's expected to produce 500,000 EVs and Hybrids annually.
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