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All posts mekka okereke :verified:'s posts Post Back to profile
mekka okereke :verified:

@adamgreenfield

Again, I question the assumption that "VC" is bad, because by assets under management, the vast majority of VC money is controlled by Alt-Right, openly anti-democratic, anti-social, hyper capitalist, fascist adjacent men. These dudes make horrific, near genocidal decisions in everything they do.

The bad part of "nazi bank" is nazi, not bank. We need banks.

So I won't know if VC is bad until Eg, Black women get more than *checks notes* half of 1% of all VC assets to manage.

7 Mar 2023 at 12:58 | Open on hachyderm.io
9 comments
mekka okereke :verified:

@adamgreenfield
If you squint at the definition of venture capital, then the National Science Foundation, is a publicly owned Venture Capital firm.🙂🙃

VC tries to claim credit for inventing the Covid vaccine, but that's a lie. The Moderna vaccine was made possible because of high risk, low potential for success, research into mRNA vaccines. That research was paid for by an NSF grant won by a Black woman, Dr. Kizzmekia Corbett. She led the "Moderna" mRNA team.

She couldn't have raised VC.🤷🏿‍♂️

@adamgreenfield
If you squint at the definition of venture capital, then the National Science Foundation, is a publicly owned Venture Capital firm.🙂🙃

VC tries to claim credit for inventing the Covid vaccine, but that's a lie. The Moderna vaccine was made possible because of high risk, low potential for success, research into mRNA vaccines. That research was paid for by an NSF grant won by a Black woman, Dr. Kizzmekia Corbett. She led the "Moderna" mRNA team.
7 Mar 2023 at 13:03 | Open on hachyderm.io
vy

@mekkaokereke @adamgreenfield like tesla could not have opened a factory without a loan from Obama’s DoE or the basic structure of the internet depended on DARPA or …
There is no industrial capitalism without publicly funded R&D - back sice basic machine tools came from theUK navy yard in the 1700s

7 Mar 2023 at 15:50 | Open on mastodon.social
J Λ M Ξ S

@vy @mekkaokereke @adamgreenfield we could go back to thomas paine giving all the money he made selling Common Sense to George Washington, who couldnt otherwise afford to start his army, and say the US wouldnt exist if it werent for one of the inventors of socialism

7 Mar 2023 at 16:27 | Open on mastodon.social
J Λ M Ξ S

@vy @mekkaokereke @adamgreenfield we could also look at how the whigs used public money to fund the creation of the Erie Canal and say New York City became the epicenter it is today directly because of using public money for internal improvements

7 Mar 2023 at 16:30 | Open on mastodon.social
Tony Finch
Stu

@mekkaokereke @adamgreenfield I have tried to be as informed as possible over the pandemic but had no idea of the origin of the Moderna COVID vaccine. Reading about it on her wiki page, of course there's some both sides-ing and inclusion of Fox "News" quotes. Sigh.

7 Mar 2023 at 16:31 | Open on hachyderm.io
22

@mekkaokereke I returned to this thread after reading Nova’s thread about racism and capitalism’s intertwined history and I’d love to know more about your interpretation of that relationship, whenever.

The above magnificent toot makes it clear that your views on capitalism are more nuanced than many anti-capitalists on here (if I may be forgiven for generalizing, they’d uniformly see banks and money as problematic), that capitalism is bad when it abets racism (and misogyny and xenophobia and homophobia), but it’s unclear what a capitalism without those would look like. Am I oversimplifying your position or totally on the wrong track here?

(Well, we do have the existence proof of the Nordic market-socialist states that combine a vigorous capitalism with a rigorous regulatory arm and social safety net.)

@mekkaokereke I returned to this thread after reading Nova’s thread about racism and capitalism’s intertwined history and I’d love to know more about your interpretation of that relationship, whenever.

The above magnificent toot makes it clear that your views on capitalism are more nuanced than many anti-capitalists on here (if I may be forgiven for generalizing, they’d uniformly see banks and money as problematic), that capitalism is bad when it abets racism (and misogyny and xenophobia and homophobia),...

8 Mar 2023 at 18:37 | Open on octodon.social
mekka okereke :verified:

@22

Right now I have more questions than answers to some of these things. But I don't even trust my theories without seeing them in practice. I want to learn by doing, hence the co-op kick, and getting non-sociopaths to GP their first funds.

8 Mar 2023 at 20:34 | Open on hachyderm.io
22

@mekkaokereke thanks for these honest thoughts! Co-ops are so cool. There’s Igalia in Spain that does a ton of TC39 and browser work, and of course the Mondragon cooperative is synonymous with the Basque region. I’ve also visited Bologna and talked with folks who study the huge co-ops in the Emilia-Romagna region in norther Italy. I have to make my way out to Oakland and visit Arizmendi. I loved working for an employee-owned tech shop and agree they’re an understudied part of the American tech scene.

Looking forward to your findings 🙇 thank you for your hard work as always

@mekkaokereke thanks for these honest thoughts! Co-ops are so cool. There’s Igalia in Spain that does a ton of TC39 and browser work, and of course the Mondragon cooperative is synonymous with the Basque region. I’ve also visited Bologna and talked with folks who study the huge co-ops in the Emilia-Romagna region in norther Italy. I have to make my way out to Oakland and visit Arizmendi. I loved working for an employee-owned tech shop and agree they’re an understudied part of the American tech scene.

10 Mar 2023 at 16:17 | Open on octodon.social
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