The Political Economist
Last year I thought of buying some Palantir shares. The share price was at historic lows, but I had been paying attention to what kind of business Palantir was doing and with whom. It was clear that it was quietly positioning itself to be a leader in data analysis for military and intelligence agencies, including through the use of AI. And that is obviously a very lucrative niche that, unfortunately, will grow over time - especially for those promoted by the US government.
The reason I didn’t invest was because one has to draw the line somewhere on the kinds of companies you’re willing to profit from, and I see Palantir as ultimately taking the title of the world’s most evil company.
The Political Economist is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.
Since my decision not to invest in the company, the Palantir share price has risen by about 500%, helped by the recent election of Donald Trump whose campaign received a large donation from Palantir chairman Peter Thiel.
