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New Klondike? What Russian Marketplaces and Gold Mines Have in Common

Most participants in the Klondike Gold Rush died in poverty. But for some, this era still helped them get rich. For example, entrepreneur Levi Strauss, who created the legendary jeans. Their durable fabric and rivets in the corners of the pockets were made specifically to meet the needs of the prospectors. The winners were also saloon owners, equipment sellers, and food suppliers—in short, everyone who supported the work of the gold miners. So, the Russian consumer market in the last three years resembles such a Klondike. Only instead of searching for yellow metal, people are engaged in trading on marketplaces, which seem to be a new golden bottom of the Russian economy.

#Wildberries #Analytics #business #competition #marketplaces #inequality #parallelimport #Russia #market #sanctions

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Musk vs. Trump (and beyond). The Loudest Feuds of the Worlds Richest Man

The whole world is watching the feud between Elon Musk and Donald Trump. The businessman criticized the president’s new tax bill, which Trump calls the «Big Beautiful Bill.» Musk dislikes that it increases the U.S. national debt and also removes tax breaks and subsidies for electric vehicle manufacturers. The rift escalated to the point where Musk hinted that Trump might be involved in Jeffrey Epstein’s pedophilia and sexual coercion case (though he soon deleted those posts). In response, Trump threatened to cancel government support and terminate contracts with Musk’s companies. Tesla, SpaceX, SolarCity, and others have received at least $38 billion from the government over 20 years.

#spacex #tesla #business #power #DonaldTrump #elonmask #scandals #USA

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The Reformer’s Curse. The Results of Elon Musk’s Brief Political Career

If we set aside ideological grievances against Elon Musk and try to impartially look at the path he has taken over the past few years, it can be quite disheartening. Not so much because of his series of personal failures, which ultimately led to the erasure of his reputation and distancing from the White House, but because of the failure of the very concept of bridging innovative business with politics. A concept that until recently seemed so meritocratically attractive and promising. ‍

#business #power #DonaldTrump #elonmask #conflict #USA #essay

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