Dear Friends,
It seems to me, the FAANG stocks are showing us the value of getting in bed with government, specifically, the progressive faction that runs the Administrative state. The FAANG stocks are, Facebook, Apple, Amazon, Netflix and Google, (now Alphabet). They are the modern tech stocks that defied gravity and have driven most of the stock market rally since 2000. They are ubiquitous on the Internet. Google is the monopoly search engine, Apple is the phone maker to the hip set, Amazon sells literally anything and crushes any competition, Facebook, Twitter and Google (through it’s ownership of Instagram), control the social platforms. Netflix is a streaming video service that was born of innovation but has grown by political favor. They all have become arms of the progressive faction.
Through the monopoly control of social media the progressive faction and the Administrative State can throttle information they do not want public. The name of the “Whistleblower,” Ciaramella’s name, is deleted on every social media platform the moment it appears. No other whistleblower’s name is deleted, and certainly not Phil Haney, who was recently found dead in his car. Their monopoly gives them the ability to restrain who says what and to whom. These alone are powerful tools of mind control for any elite, but they pale in comparison to Google’s demonstrated ability to sway elections. Netflix has given the progressive faction tens of millions of dollars, to forward their propaganda which allows pernicious and destructive ideas to slither into our minds, with us unaware.
Why do these companies do such evil things? To get rich of course! Google was founded by CIA money so that one is obvious, but Netflix was having a bad time of it for awhile so they turned to rent seeking… and the progressives are the landlords to US corporate interests. Apple is in bed with the communist government of China, and transfers US technology to them, so China lets them build $1000.00 I phones on the cheap. Facebook, Twitter etc… all get the best of both worlds when it comes to being a platform or a publisher. They get to censer their customers like they are a publisher, but receive a get out of jail free card for, copyright infringement, silencing political speech, slander, etc… they basically are given carte blanche to do as they please. All it costs them is their souls.
On the other hand, companies that are not in bed with the progressive faction are hampered at every turn. Companies like Gab are pushed, hosts shut them down, face lawsuits their competitors are immune from, and vilified in the media that calls itself unbiased. Obviously the profit margin of a Gab pales in comparison to an Instagram or Twitter. Now one could argue it is because those other companies are further along in the growth process. Which would be a valid argument, except that those companies didn’t face any of the obstacles their younger competitors faced. They were allowed to grow while their competitors face regulatory challenges they didn’t have to. One wonders if Twitter could have got off the ground had it faced host providers shutting them down randomly.
I wonder if you could look at the stock price of most companies listed… and make a fairly reasonable estimate of their cronyism by stock price? GE ceased to be an innovative company decades ago and exists as a zombie corporation, it’s undeath sustained by government favor. Boeing, well, what can be said that hasn’t? The FAANGs haven’t made it to that state yet. They have some life left in them. Worry not though, because should they start to really fail in health, the progressive faction will come to the rescue, through the Administrative State and raise them from the dead, if for no other reason than to maintain their monopoly control of conversation. So, yes, the FAANG stocks prove that political favor of the right brand, is more important to a stock price than profits, innovation or customers.
Sincerely,
John Pepin
