It's crazy how many US states, including California, allow local jurisdictions to substantially amend or adopt their own building code. How can you have an efficient, national construction industry when you've got tens of thousands of sets of distinct regulatory frameworks?
Why has modular construction failed in the United States?
"Sweden has used prefabrication to deliver mid- and high-rise housing at competitive cost and high quality for decades, and the explanation has nothing to do with engineering. Sweden has a standardized national building
Trump has been accused of countless rapes and sexual assaults by little boys, little girls, women from all parts of the US, for decades. He paid off hookers and hush money to countless other victims. Some victims were threatened, some disappeared and some committed suicide. Heck, he even raped his own wife, according to Ivana’s divorce court documents. He cheated on his wives. He is found to be an adjudicated rapist by a civil court. He hang out with a known pedophile for 15 years as his best friend, partying with little girls. He bought a teen beauty pageant just so he can hangout with little girls. America, and MAGA in particular, how low your moral standards can be to say, that dude is the best among us. Let’s make him president. A man’s reputation is killed with one rape accusation when that happens. Americans who voted for him ignored a parade of trump victims. Now MAGA is disillusioned because trump has taken the country to war to hide the files. This is the crime coverup of the century. Trump voters, you must carry the burden. You are responsible for this carnage.
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.
@USDOL When and if fascism comes to America it will not be labeled "made in Germany"; it will not be marked with a swastika; it will not even be called fascism; it will be called, of course, "Americanism. - Halford E. Luccock
I'm old enough to remember when DOGE was supposed to find enough fraud and waste to cut the deficit?
And instead DOGE just gutted the agencies investigating and regulating Elon's companies, and Trump gave more tax breaks to mega-rich people to add to the deficit.
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