*PREVIEW* Divine Secrets of the Softbank Sisterhood
TRASHFUTURE
TRASHFUTURE
4.7 • 935 Ratings
🗓️ 14 May 2020
⏱️ 11 minutes
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| 0:00.0 | Well, here's the thing, Alice, right? Uber isn't a tech company. It's an employment, |
| 0:19.2 | it's an employment rights circumvention platform. Airbnb is not a tech company. it's an employment, it's an employment rights circumvention platform. Airbnb's not a tech |
| 0:22.5 | company. It's a property and rent tenants rights circumvention platform. And just like this, |
| 0:32.5 | Green Sills is not a tech company. It's a financial regulation circumvention platform. |
| 0:36.6 | None of these tech companies are actually tech companies. And like there is such a thing as a tech company. It's a financial regulation circumvention platform. None of these tech companies are actually |
| 0:38.5 | tech companies. There is such a thing as a tech company. It's just most of them you probably |
| 0:42.8 | haven't heard of because they do some quiet, competent B2B service. And then get immediately |
| 0:48.7 | bought out by Google. Yeah. You've probably never heard of most of the actual tech companies. |
| 0:56.1 | But anyway. So all they're doing like weird border racism using facial recognition. So, human rights |
| 1:02.9 | regulation, human rights circumvention. So where we are, let's use this as a worked example. |
| 1:11.3 | You're Vodafone. |
| 1:12.1 | You agree to pay a supplier 100 pounds in 90 days. |
| 1:14.9 | Green sill pays your supplier 98 pounds today. |
| 1:17.9 | How does Green sill pay your supplier? |
| 1:19.8 | They have to, and this is where we talked about, that financialization, issue a financial |
| 1:23.4 | instrument themselves in order to pay that supplier today. |
| 1:26.7 | So remember, they're not a, |
| 1:27.7 | they're not a bank, but they can sign a contract with, say, a credit Swiss fund. So all the |
| 1:35.7 | big banks now have supply chain finance funds because guess what? This has become massively |
| 1:39.4 | popular in the last couple of years. They can sign a contract, a contractor, which is a promise to pay |
| 1:44.8 | that fund. So essentially what they do is they set themselves up as the middleman. So they, |
| 1:49.5 | Greenill doesn't necessarily have an incentive to choose good investments. They just have an |
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