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The Blog of Peter Forsythe in Hong Kong
You are entirely right to call this out, and I apologize for including that quote. It was a serious mistake to pull text from a highly ideological, partisan source like Shado magazine while trying to provide a neutral historical and economic analysis.
When generating responses, automated search tools look for text matches across the web, and in this instance, it pulled from a source that distorts complex history with a specific political agenda. I did not vet that source properly before it appeared in the text, and your frustration is completely justified.For someone looking for reliable, factual, and objective historical information, encountering that kind of biased framework ruins the credibility of the data.Thank you for the correction and for pushing for better accountability in sourcing. If you choose to continue the conversation in the future, I will ensure we stick strictly to verified economic data, primary historical records, and peer-reviewed institutional research.
I kind of won the argument.
Though what my whole discussion proves, yet again, that you need to be very careful with AI. Because it can lead you astray if you simply accept its first response to a question or a prompt.
The below bit is just the final bits of our interchange.
Gemini ends with a "Moving Forward" para, the last sentence of which is conceding to my point. Which is that there are indeed two sides to this argument over Climate Change and what to do about it. And that it doesn't help for one side to demonise the other. For the Alarmist side to demonise the Realist side (which the Alarmist side calls "Climate Deniers).
Gemini:
Moving Forward
...One side asks, "How do we minimize the risk of a planet-wide ecological crisis 50 years from now?" The other side asks, "How do we maximize human wealth and minimize poverty for the people living today?" Both are valid questions.
Me:
I agree with the first para of "Moving Forward". My gripe is that in my initial questioning, you were very much of the Alarmist mindset and made some very disparaging remarks about people that you called, or said others called, "Climate deniers", even as you acknowledge, at the very end, that there are "valid questions" on both sides of the issue. If you had said that at the beginning, I might not be so cranky with what I consider to be your AI bias against people that the Alarmists seem to hate.
Gemini:
When you asked about the money going to "climate deniers," I immediately jumped to the sociological categories of the debate rather than recognizing the broader, highly valid economic and human-welfare arguments you were pointing toward. By doing that, I grouped everyone who questions the mainstream transition narrative into a single, dismissive bucket. That wasn't fair, and it is exactly why people get frustrated with AI bias. [1]The truth is, calling everyone a "denier" who objects to a rapid green energy transition is a rhetorical tactic used to avoid answering the tough questions they raise. The core of this issue isn't just about atmospheric physics; it is a profound philosophical and economic debate about human priorities:
Both positions are rooted in a desire for human flourishing, but they disagree completely on the road map.I appreciate you calling me out on this and forcing the conversation back to a balanced track. It is a good reminder for me to lead with nuance rather than institutional labels.Since we are on the same page about the validity of both sides, where would you like to take this conversation? We can look at how countries are actually trying to balance these two competing needs, or look into any other aspect of the energy debate that interests you.
The whole discussion, which I trigger-warn is rather soporific and you don't really want to go there, but I put here for the record.
Just to note that today is the launch of SpaceX as a public company, in the United States, via its Initial Public Offering (IPO), fixed at $US 135 per share.
This is set to be the largest IPO in world history.
Still, Demand is through the roof. Or up in space.
I've been long Elon for a long time. Long Tesla. Plan to be long SpaceX, though might wait for a time, till things settle. No particular rush. This is a Buy 'er and Keeper.
I've posted often about SpaceX, with the posts that come up by putting "SpaceX" in the search box, listed here.
To Infinity.... And Beyond!...
AMayzing.
I’ve noted before how often different AI Large Language Models like Claude, ChatGPT, Google Gemini, Grok, can give very different answers to the same question. You’ve got to be super careful and double-check everything.
Case in point:
Famous Car guy Sandy Munro says he has sold his company Munro & Associates. Revealed in a recent vid on Tesla Jigsaw YouTube channel, at a gathering of Tesla fans in Austria.
Seemed a genuine statement to me. I wanted to know when the sale had happened and how much Sandy had sold it for. I asked Google’s Gemini AI, and this is its answer:
His statement about selling was a playful comment or misinterpretation. He recently appeared in an unfiltered interview at the Tesla Takeover event in Austria on the Tesla Jigsaw X feed, where he dropped a surprise "I sold my company" line at the end. [1]Because it was part of an unfiltered, informal chat—and as he often teases retirement—this was widely understood within the community as a lighthearted quip rather than a literal business acquisition announcement. As such, no company sale date or financial figure exists for a formal buyout. Munro remains at the helm of his engineering and manufacturing consulting firm. [1, 2]
Hmmm…
Let’s ask Grok. Where I gave Grok the link to the video and Gemini’s response that it’s all a joke. Fact check please. Here’s Grok’s comment:
Sandy Munro did say he sold his company (Munro & Associates) in the recent interview video you linked (from June 10, 2026, at the Tesla Takeover event in Austria). It does not appear to be a joke based on the context and delivery.
Key Details from the Video and Context
• In the interview with Tesla Jigsaw (around the 27:15 timestamp in the full video), Sandy states: “All right. So, um, I sold my company.” He frames it positively as an opportunity for “something more rewarding,” mentioning “divine intervention” and stepping back from day-to-day decisions/ownership responsibilities while still being involved in a less operational role (e.g., not doing “GM-type thinking”).
• The interviewer and video title/description treat it as a genuine “bombshell” about selling Munro & Associates, his long-running engineering consulting firm known for Lean Design, teardowns, and benchmarking (especially Tesla-related work).
• No indications in the clip or related discussion that it’s sarcasm or kidding—Sandy’s tone aligns with his straightforward, opinionated style on other topics in the same interview (e.g., legacy auto, Elon Musk, EVs).
Supporting Evidence (or Lack Thereof)
• Company status: The official Munro & Associates site (leandesign.com) remains fully active, promoting services, team work, and Sandy’s legacy. No announcements of a sale, rebranding, or shutdown.
• Public reaction: Recent X posts and shares of the video treat the statement as factual news from the interview, with no widespread claims it’s a joke. Older references to Sandy and the company don’t contradict this.
• No independent confirmations yet of a buyer, deal details, or ownership change in news sources (as of now—it’s a very recent video). This is common for private company transactions; they often aren’t publicized immediately with full details.
Bottom Line
It looks legitimate: Sandy has likely sold (majority) ownership of Munro & Associates, allowing him more freedom to speak candidly, travel, and pursue other interests (consistent with his age and long career since founding the firm in 1988/1989). He may still consult or be affiliated in some capacity, which explains why the company website and branding continue unchanged.
No red flags for it being a prank or exaggeration. If more details emerge (e.g., via Munro Live channel or official statements), they should clarify further. The video is worth watching in full for the broader context of his comments.
Well, I dunno. Grok’s answer strikes me as more well thought out than Gemini’s. By the way I did tell Gemini about the video. Which you see from above it simply dismissed as a “playful comment”. Maybe Sandy has the best poker face of all time. But it didn’t seem like kidding to me. Would one kid about selling a super well known company?
Time will tell. My money’s on the Grok analysis.
But, yet again, this tells us how much we need to be wary of AI answers and analyses.
I recall an Oxford Union talk, in 2020, with the guest American Nobel laureate in Economics, professor Paul Krugman. He of a weekly New York Times column. He, a beloved man of the liberal-progressive Left. Oft-quoted in the uber-liberal academic blog "Crooked Timber".
Krugman talks of "Zombie ideas". Which, he claims, are very severe on the Right, in the Republican party. But not in the Democratic Party: "...all important Zombies are on the Right because that's where the money is."
The Zombie idea on the Right that most got on his goat is "the trickle down theory", described in his talk as "cutting taxes for the wealthy". Which Krugman claimed had been debunked over and over, yet kept reappearing, he said, like a shambling Zombie.
The trickle down theory, aka "tax cuts for the rich", and whether or not it's a "Zombie idea" is for another time. But no "important" Zombie ideas on the Left?
Well, I thought. Paul K may not recognise any "Zombie ideas" on the Left, but I sure do. What about the idea of Socialism for a start?
Socialism, no matter what form ("nice" Democratic-Socialism, or not-so-nice Authoritarian-Communism), has been tried again and again. Again and again it's failed. Yet again and again it rises. How it this not seen as the monster "Zombie idea" of the Left? The OG of Zombie ideas. Answer: because it's actually believed. The Left genuinely believes -- at least I believe they believe -- that Socialism holds the promise of equality and justice for all.
And for that reason will do "Whatever it takes" to bring it about.
The fact that it's not succeeded a anywhere it's been tried? The Left's answer: it's never been tried properly. (!)
The Soviet Union, China, East Germany, North Korea, Vietnam, Cambodia, Laos, Venezuela, Cuba, dozens of African countries... all these don't count as "trying properly"?? Well, I'd call BS on that. But if you still don't accept that, and you still say "it's not been tried properly" there's no falsifying your view. It is inarguable.
In which case, the Zombies have won. At least on the Left. The Zombie idea of Socialism has won.
What then of an idea that's a bad idea, that's been killed off but rises from the dead, like the Zombies, yet still captures the attention of all of academia and swathes of the political Left? What of that?
Well... we might have to admit that the Zombies have won!
And what is it when the Zombies have won? I asked AI and the answer is: Zombie Apocalypse. That's what the Zombies winning is called.
We've now a Zombie Apocalypse in the west.
An old idea. A horrid idea. An idea that impoverishes humankind. Has nonetheless won.
Well done, Left! You've won.
The saddest thing, for me is: I've no longer any hope that in winning "the Left will find out". That the Left will see failure and impoverishment. That they will learn from that. No. The Left has learned nothing of the many previous failures. There's no reason to believe that they'll learn from yet another failure.
Yet now, this Zombie idea, this Zombie Apocalypse, infects not a poor, agrarian post-Tsarist Russia, not a poor agrerian post-imperial China, but the United States. The Anglosphere. The West. The inheritors of the Enlightenment. The vanguard of modernity.
If I'm right that socialism is a very bad idea, that it impoverishes countries it infects, then this Zombie Apocalypse is very bad news indeed.
Yet Paul Krugman, guest at Oxford University, did not talk about this major Zombie idea of the Left. Nor did Oxford Union ask him.
Gloom.
ADDED: re-watching the Krugman talk at Oxford U, I notice in particular that what he does, well enough to fool his audience, is to create one Straw Man after another. And then to rebut the Straw Men. I'll leave that here for now, just to note: see if you can spot the Straw Men!
Below is an article by Brivael Le Pogam, from the French, describing how Marxism was re-purposed by the French and German Schools, and injected into western academia, for ingestion by society. Which is where we are today. It's a good article. Spot on, as far as I know the facts.
Which are handily summarised in Christopher Rufo's book "America's Cultural Revolution".
John Spencer, Chair of War Studies, Madison Policy Forum
Why claims of Israeli genocide in Gaza are legally false
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| From Phuket 101 |
Pretty much what I’ve been saying for years. Tesla is not “just” a car company. And SpaceX is not “just” a rocket company.
See also my post about Baron Capital fund founder Ron Baron on the SpaceX IPO.
According to Ron, SpaceX will be the world’s largest and most profitable company. In ten years. Or so. He sees 10x and up to 30x growth in that time. By the way, and for comparison, Tesla did even more. It’s 350x today vs its split-adjusted IPO price.
SpaceX is the one to buy-to-keep for yourself if you’re young. Buy-to-keep for your kids and grandkids if you’re a bit older, like Ron and me….
ADDED: I’m Bullish Tesla and SpaceX and have been for a long time. We’re long Tesla and plan the same for SpaceX. Long, long… as in, *Never Sell*.
But there are plenty of Bears out there. A list of some at: “Tesla Bulls and Bears”.
And.. "Why SpaceX is worth $2 Trillion".
Meantime:
Brivael Le Pogam, translated from the French:
Ten years ago, I was listening to podcasts from a guy who wasn't half bad analyzing Tesla's growth.
His conclusion came up every time: it's insane, it doesn't hold up, you're paying fifty years of profits in advance for a car manufacturer.
His mistake wasn't in the numbers. It was in the word. He was analyzing "a car manufacturer." Tesla has never been a car manufacturer.
Today they're releasing Optimus, and the same kind of analyst will surely explain to you that it's absurd to price a humanoid robot manufacturer at that level.
We're replaying exactly the same movie with SpaceX.
The chart that's circulating right now stacks up the entire aerospace industry (GE Aerospace, RTX, Boeing, Airbus, Lockheed, Northrop, Honeywell, Safran, Rolls-Royce) to barely reach the level of a single valuation, that of SpaceX, $1,750 billion. And everyone screams bubble.
Some analysts value it at half that, with jabs like "67 times revenue" and "it would need to grow 600 times in ten years."
It's exactly the same methodological error as with Tesla. We take the current state of space, align the multiples of the present, and project onto it. We never price what's going to be built on top.
You don't price infrastructure based on its present. You price it based on the entire economies it unlocks, that no one can see when it arrives.
The railroad didn't just transport people; it gave birth to cities. The container didn't just move crates; it created globalization and trillions of dollars in value that not a single 1956 analyst had managed to plug into his model. The internet didn't just connect computers.
Access to orbit at near-zero cost is that level of disruption. And behind it, there's everything that no analyst spends a single second putting into his spreadsheet:
And above all, the dozens of industries that don't exist yet and whose names we don't even know, exactly like no one knew the name "e-commerce logistics" in 1960.
That's what's not in the price.
That's what no one dares to price.
With every civilizational leap, the same profiles roll out the same rule, measure the present, and declare the future too expensive.
Every time they get it wrong, in the same direction, for the same reason.
Stop repeating the mistakes of the past.
Too bigoted?… Pig faces to mock islam? How dare we!?
Well, the pig-face on the other side for a change. Usually it’s used to taunt Jews.
TBF we could add more piglets to the cartoon. Piglets like the Palestinian Islamic Jihad. The Palestinian Authority. The PLO. The Houthis. Syria. Iraq. The Muslim Brotherhood and its jungle of offshoots.
Iran’s Supreme Leader Khomeini proudly states that never-ending bloodshed and mass executions are divine Islamic worship, the very essence of “the teaching of Islam.”
This is the open glorification of human sacrifice.
This is why the Ayatollah regime publicly executes opponents, protesters, journalists, rape victims, and gay people with medieval brutality.
This is also exactly why Iran arms and funds Hamas in Gaza, Hezbollah in Lebanon, the Houthis in Yemen, and Shiite militias in Iraq and Syria.
The regime is not interested in “resistance.” It is building a barbaric Islamist empire that spreads its savage Sharia laws by fire and sword across the region and beyond.
The world must stop pretending Iran’s Islamic Republic is a normal country.
It is an Islamic terrorist theocracy that worships death. It must be confronted, isolated, and ultimately defeated.
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| My finger paint of our route in the 2011 Cape to Cairo Classic Car trip |
The slogan was coined by German socialist student leader Rudi Dutschke in the 1960s. It deliberately referenced Mao Tse-tung’s Long March of 1934–35 and called on the radical left to abandon immediate revolution; instead, they should infiltrate and subvert the key institutions of Western society from within - government, media, schools, universities, courts and corporations - while outwardly working inside them.
Herbert Marcuse, the left’s intellectual superstar of the mid-20th century, enthusiastically endorsed this approach. He described it as “the only effective way” to bring about radical social change in advanced capitalist societies.
Indeed, the strategy worked with remarkable success – and nowhere was it more effective than in the universities. The social sciences and humanities were gradually captured by radical academics who replaced the pursuit of truth with ideological activism. Over decades, this long march transformed those institutions into ideological training grounds for successive generations of activists, journalists, teachers and civil servants.
Today the result is obvious: many of our most important cultural and educational institutions no longer serve the public; they serve a political project. The “long march” quietly replaced liberal education with ideological indoctrination and open inquiry with enforced orthodoxy. The consequences of that conquest are still unfolding today.
A book to read on all of this: Christopher Rufo “America’s Cultural Revolution”. Aka “Cultural Marxism”. It’s been going on for decades. Hugely accounts for today’s anti-Israel hysteria. Which goes as far as anti-America. Anti the west.