What’s especially interesting is that the one article that kick-started her career was, by truth-orientated standards, quite poor. For example, she suggested that Amazon was able to charge unprofitably low prices by selling equity/debt to raise more cash—but you only have to look at Amazon’s accounts to see that they have been almost entirely self-financing for a long time. This is because Amazon has actually been cashflow positive, in contrast to the impression you would get from Khan’s piece. (More detail on this and other problems here).
Depressingly this suggests to me that a good strategy for gaining political power is to pick a growing, popular movement, become an extreme advocate of it, and trust that people will simply ignore the logical problems with the position.
What’s especially interesting is that the one article that kick-started her career was, by truth-orientated standards, quite poor. For example, she suggested that Amazon was able to charge unprofitably low prices by selling equity/debt to raise more cash—but you only have to look at Amazon’s accounts to see that they have been almost entirely self-financing for a long time. This is because Amazon has actually been cashflow positive, in contrast to the impression you would get from Khan’s piece. (More detail on this and other problems here).
Depressingly this suggests to me that a good strategy for gaining political power is to pick a growing, popular movement, become an extreme advocate of it, and trust that people will simply ignore the logical problems with the position.