capitalism

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  • _niko10

    • “If you leave, you’re more than likely to be fired,” 21-year-old McKayla Emery said from her hospital bed. “I heard that with my own ears.”PonyBoy
    • https://www.thedaily…PonyBoy
    • But Jeff Bezos really needs another supersonic joy ride to outer space.Milan
    • Is this in Capitalism because it couldn't happen under socialism? Should be in America is Fuckedspot13
    • ^ it's Capitalism that lets workers' right become this shittyProjectile
    • Because it's so much better in socialist / communist factories and warehouses??? Ffsspot13
    • Out of interest - do any of you respondents here use Amazon regardless of all the bad press about them?Nairn
    • Communist factories produce most of the goods sold by Amazon and most businesses...nbq
    • wowGuyFawkes
    • Spot has a point...PonyBoy
    • stop buying from Amazon, i have for the past 2 years.BabySnakes
    • ARTICLE 119. Citizens of the U.S.S.R. have the right to rest and leisure. The right to rest and leisure is ensured by the reduction of the working day to sevenKhurram
    • for the overwhelming majority of the workers, the institution of annual vacations with full pay for workers and employees and the provision of a wide networkKhurram
    • of sanatoria, rest homes and clubs for the accommodation of the working people. (Soviet Constitution 1936)Khurram
    • https://nintil.com/t…Khurram
    • "pre-revolutionary Russian workers worked 10-12 hours per day, six days a week. That's a lot: 60-72 hours per week. After the Revolution, a 8 hour/day week...Morning_star
    • ...(but six days per week) was imposed."Morning_star
  • colin_s0
  • colin_s0
  • colin_s0
  • utopian1

    The roof of the facility in Edwardsville fell in on Friday evening, leaving at least six workers dead. Local officials said the collapse was caused by extreme weather events.

    It's 'inexcusable' that Amazon asked staff to work during severe weather that collapsed a warehouse roof in Illinois, union says.

    https://www.businessinsider.com/…

  • Milan0

    • NiCe. Lenin was directly responsible for 3,000,000+ deaths whilst ushering in a regime that would eventually kill 30,000,000 people. But you know 'rich people'Morning_star
    • Capitalism kills millions every year, but go on.i_monk
  • shapesalad0

  • PhanLo6

    Lol
    -

    • No one really cares enough. But abortions, man, that gets people moving!formed
    • seeing as which half the people on the list self describe themselves as 'socialists', I'm not seeing the relevance to posting in capitalism threadhotroddy
    • ^FloL! Hotrods done did it again.PhanLo
    • am I wrong? try to talk to me w/o insulting me. I want to understand why you think this is relevant to capitalism?hotroddy
    • They're not socialists you fucking melt.PhanLo
    • LOL! In which universe do you live in where Socialists are not prone to corruption?hotroddy
    • You live in a strange world Hotriddles, where capitalism can do no wrong.PhanLo
    • @formed...feelscanoe
    • Blue lives matter... fuck. That’s supporting SOCIALISM. *checks fox news.. REPORTER WAS ANTIFA....hydro74
    • I live in a world where socialism did more wrong then capitalism. But I also live in a world where some find that notion incomprehensible.hotroddy
    • I *grew up in a world where socialism did more wrong then capitalism. But I also live in a world where some find that notion incomprehensible.hotroddy
    • Former socialist Brazilian president Lula:
      https://www.occrp.or…
      hotroddy
    • private secretary of CRISTINA KIRCHNER
      https://offshoreleak…
      hotroddy
    • 99% of Chavez's gov't https://www.univisio…hotroddy
    • Bolivia's evo morales:
      https://www.univisio…
      hotroddy
    • the univision links don't work,. fuck it,hotroddy
    • lol, are you seriously referring to people who own the most CAPITAL as socialists?!?!?!Milan
    • Yes, That’s who. The Richest people in the world are socialist. It’s how they justify their corruptionhotroddy
  • grafician-1

    ^

    "‘F—k you, dude’: Startup valued at $7B gets flak as CEO lays off hundreds over Zoom"

    "Just days after receiving a $750 million cash infusion, a tech startup that Forbes branded in October as a “unicorn,” valued at $7 billion, laid off hundreds of employees in a manner that some online deemed “brutal.”

    Better.com, a digital mortgage lender with offices in Oakland, laid off 900 employees weeks before Christmas on a mass Zoom call. Only those being laid off were invited. It is a stark tidal shift for the company, which announced it was going public earlier this year.

    “I come to you with not great news,” CEO Vishal Garg said in the video, which has since circulated on TikTok and YouTube. “The market has changed, as you know, and we have to move with it in order to survive.”

    “This isn’t news you’re gonna wanna hear, but ultimately it was my decision and I wanted you to hear it from me,” Garg added. “The last time I did this, I cried. This time, I hope to be stronger.”"

    https://img-s-msn-com.akamaized.…

    https://www.sfgate.com/tech/arti…

    • could be Worse.comMrT
    • Btw they’re hiringnb
    • Also the CEO went on Blind and did a bunch of shitpostingnb
    • yeah, the Indian CEO, that was the point

      Look at him: https://edition.cnn.…
      grafician
    • "So basically I can hire 10x amount of people from india as they are 10x cheaper, and have them working 20 hour days, so you are now fired"shapesalad
  • _niko2

    Why Indian-born CEOs dominate Silicon Valley

    Indian-origin people account for just about 1% of the US population and 6% of Silicon Valley's workforce - and yet are disproportionately represented in the top brass. Why?
    "No other nation in the world 'trains' so many citizens in such a gladiatorial manner as India does,"

    "From birth certificates to death certificates, from school admissions to getting jobs, from infrastructural inadequacies to insufficient capacities," growing up in India equips Indians to be "natural managers,"

    https://www.bbc.com/news/world-a…

    • without any malice:
      obedience and loyalty.
      sted
    • He seems like a twatNBQ00
    • better.com CEO accused hundreds of the 900 people he laid off on Zoom of 'stealing' by working only 2 hours daily.utopian
    • https://www.business…utopian
    • better.com sounds like a swell company to work at, where do I sign up and do I need to supply my own whip?_niko
    • capitalism + colonialism. Like Hong Kong, India benefited greatly as part of British colony/commonwealthhotroddy
    • Before Britain entered India it had 25% of the worlds trade. When Britain left it had 4%.PhanLo
    • "India benefited greatly"... nevermind the famines, the holocausts, the plundering of national wealth. You're a moron hotroddy!Khurram
    • Out of the 25-30 clients I’ve had for my business over the last 6 years. Of them, 4 were Indians in the tech sphere and all of them have tried to rip me off.toemaas
    • So I would say from personal, consistent, experience that there is definitely a cut throat attitude and a bit of sociopathy towards people they need help from.toemaas
    • On the other hand, my 1 (Muslim) Indian client outside of the tech sphere is one of my favorite and has always taken good care of me when I took care of him.toemaas
    • @khurram, sure sounds like you're enjoying the commonwealth.hotroddy
    • touché?Khurram
    • you don't think India enjoys a competitive advantage compared to the rest of the world in part due to colonization?hotroddy
    • No I don't. India was the richest country in the world until the British destroyed its industry and plunged millions into famine and poverty.#learnsomehi...Khurram
    • Here's a quick primer: https://economictime…Khurram
    • https://en.wikipedia…Khurram
    • But please do explain how my existence exonerates these crimes. I'm very interested in this "benevolent white man" perspective you got going here...Khurram
    • https://www.business…Khurram
    • Nothing is done with the charity on a world stage. Yes, you don't have to point me to a book that points out the impact of colonialism. I'm a product of it.hotroddy
    • So are you. and you have an advantage because you were not colonized by a shittier colonial empire speaking Italian today.hotroddy
    • And I agree India was a jewel for the brits which they exploited. But didn't they get rid of the cast system?hotroddy
    • There's that perspective again.. "Hey, could be worse, you could have been raped by THAT guy"Khurram
    • https://www.youtube.…Khurram
    • RICHEST COUNTRY IN THE WORLD. I'm sure that means nothing to you, but maybe they could have done it all by themselves? DuuurrrrKhurram
    • You can say what you want about Stalin. But at least he made the trains run on time!Khurram
    • where in the video you sent me is the rape and pillage? All it shows me is how India became the richest economy to do its trading with Europeans?hotroddy
    • Yee it was how India became the richest country in the world pre-colonial period, only briefly superceded by China in the late Mughal periodKhurram
    • Before both were plunged into famine and poverty following their colonial experience and meeting with European powers.Khurram
    • Why are you asking me to send you videos about rape and pillaging?Khurram
    • There's plenty of rape and pillaging in the Mike Davis book I linked earlier. It's a fascinating read: https://en.wikipedia…Khurram
    • "Davis explores the impact of colonialism and the introduction of capitalism, and the relation with famine in particular.Khurram
    • Davis argues that "Millions died, not outside the 'modern world system', but in the very process of being forcibly incorporated into its economic and politicalKhurram
    • structures. They died in the golden age of Liberal Capitalism; indeed, many were murdered ... by the theological application of the sacred principles of Smith,Khurram
    • Bentham and Mill."[1] The book won the World History Association Book Prize in 2002.[2]"Khurram
    • You just lack an understanding of history. That's all I'm saying.Khurram
    • Another thing my Indian friend told me: a lot of Indian Americans or H1Bs in tech will have massive bias towards hiring and promoting other Indian people.nb
    • Look at Ireland. We brought them through the potato famine. Now they're doing great!Khurram
    • He has colleagues that admit things like “I will only hire Indian people.” (He’s Indian himself and a senior manager at a FAANG company.nb
    • People move up the corporate ladder quicker when there is racial bias like that. White people have been doing it for many decades in Americanb
    • This also creates a similar vacuum in the middle class and these actions last for generations/centurie...sted
    • That sucks you feel that way living in the commonwealth that is Canada,. Look up the benefits of British Rule in India, may help you deal with your turmoil.hotroddy
    • Hotroddy's kind of person who would tell a rape victim. "You should be thankful. What doesn't kill you make you stronger"pango
    • who is the rape survivor in this analogy? You or Khurram?hotroddy
    • Colonised countrypango
    • And you're the cunt in that analogy in case you didn't get that as wellpango
    • So, I'm the cunt who raped you. Nice.hotroddy
    • I'm the evil white man. That's how you see me?hotroddy
    • Calm down hotroddy, you're way out of your depth. I was commenting on your idiotic "india benefited greatly from colonisation" comment.Khurram
    • you on the other hand are trying to make it personal about my distant heritage from the subcontinentKhurram
    • I'm finding some "get back to where you come from" vibes from you. Particularly because its me making this anti-colonial argument.Khurram
    • you sound a bit racially.Khurram
    • "look up, why the British Empire was great and why Indians are a bunch of ingrates!" Sure i'll find some great results with that search term lolKhurram
    • That's not at all what I'm saying. I think Canada has benefited greatly from Indian immigrants.hotroddy
    • India is one of the few countries in the world that exports highly skilled labour that is sought afterhotroddy
    • Canada has immigrants from all over the world. And I'm British. What the fuck are you saying?Khurram
    • We have quite a lot of Syrian immigrants too, waiting for you to start cheering them lolKhurram
    • what does Yuekit thinks of British occupation of Hong Kong?hotroddy
    • Through me and my relative comfort, India has benefited greatly. Rejoice! I think that's what you're saying.Khurram
    • I didn't know the indians who are on H1B visas are refugees. It all makes sense now.hotroddy
    • snarky!Khurram
    • I think you're just going to keep going hotroddy. Best leave you to it xKhurram
    • https://en.wikipedia…sted
    • Hotroddy's the worship British kind of central american. He bend over and welcomes them.pango
    • Where did you learn your geography? It's South America.hotroddy
    • You boys really must go 'loony' seeing queen Elizabeth on your currency.hotroddy
    • in BRITISH COLUMBIA! LOL. Talk about doubling down.hotroddy
    • lol bth i dont give a shit where you're from. somewhere there is all i remembered. 50/50. oh believe me, i'd vote to change it with out thinking it twice.pango
    • and yes. we're so british here LOLpango
    • i call BS on you don't know where I'm from. poor cover-up to hide your ignorance.hotroddy
    • we know you're not on a skilled work visahotroddy
    • not only are you not British, but you're even a Canadian citizen. you cant vote shithotroddy
    • LOL dude you think too highly of your self thinking that people should know where you're from. get a reality check.pango
    • LOL never got a work visa. does it even last longer than 30+ years?pango
    • I read the Indians started their space programme in the 70s to inspire their kids to go into science... that's all I need to know about thisSlashPeckham
    • @pango- Seems a little striking seeing considering the countless Chavez conversations we’ve had. Indifference is a poor substitute for ignorance.hotroddy
    • Only a simpleton assumes all Latin immigrants to the usa come from Central America.hotroddy
    • Apparently they also own half the motel business in the US:

      https://www.national…
      grafician
    • But regarding the tech CEOs being Indians, it all comes down to having to do the shady shit: all companies under Indian CEOs took a turn for the worst...grafician
    • ...the worst not in profits - quite contrary - but in business practices, respect towards the customer & so on. Indian CEO = shady company, almost no exceptionsgrafician
    • yup that's how little i give a shit to remember where you're from lol.pango
    • why do you think you deserve people's memory space for you? self importance much? lolpango
    • time to upgrade your 'memory space'.
      https://cdn.shopify.…
      hotroddy
    • awww that's a lot of effort trying to get people to remember you. are you desperate for validation?pango
  • Salarrue3

    • Ideally, if we died just as retirement came around that would be awesome. Although we never really retire now.PhanLo
    • Not sure how it matters to employers. They get cheap labor again now. There's no pensions out there, so the burden is on Gov't (currently, that could change).formed
  • Salarrue2

  • drgs8

    Communism is inevitable

    Hackers Are Spamming Businesses’ Receipt Printers With ‘Antiwork’ Manifestos
    https://www.vice.com/en/article/…


    Stop, collaborate and listen (I'm done with "Discuss")

    • phase 2 of project mayhem has begun._niko
    • this is awesomeMilan
    • https://www.reddit.c…ideaist
    • Anti fucking truth. Big Macs are more expensive in Denmark by more than a Dollar, Approx 20% more.Morning_star
    • think the push for unions in the retail sector is good. John Oliver did a great segment on this.hydro74
    • Project mayhem has been initiatedGuyFawkes
    • https://economics.mi…jonny_quest_lives
    • Yeah. Because people making less than $25 an hour can just quit and spend time with family so easy.monospaced
    • Wake up sheeple!instrmntl
    • the person taking your order in denmark can speak 3 languages fluently. the person in USA can barely speak one.hotroddy
    • Unions ≠ Communismgarbage
    • 1 ≠ 2hotroddy
    • QBN slave drivers are getting triggeredMilan
    • If you divide Denmark's $22 by the 3 languages they speak they're getting paid less than in America.
      Check mate commies!
      palimpsest
    • hotrodders pointing out that the US education system is broken in failing to teach a child an extra language, or even one language.PhanLo
    • How else are we going to keep wages low?palimpsest
    • Everybody knows that less education = less needs.palimpsest
    • Drgs, define communism in 30 seconds. Go.jagara
    • Ooh, *gets popcorn*Nairn
    • Oh god won’t someone please think of the Big Macs!!! What will we do if we can’t afford Big Macsnb
    • Let them eat steak.palimpsest
    • Military communism -- one for all and all for one, brotherhood of soldiers forged in battle
      Religious communism -- voluntary sharing of goods in a community
      drgs
    • Primitive communism -- maybe some undiscovered lost tribes of Amazon still have itdrgs
    • Economic communism -- universal basic income, free medicine, education, public transport and internetdrgs
    • Incredible how far off from correct you are.monospaced
    • To avoid any misunderstandings: I'm not propagating communism and never have. Maybe 200 years from now...drgs
  • grafician-5

    Inflation experienced over generations:

    • For the USA. Here's Romania:
      https://www.statista…
      monospaced
    • ^We're over 5% this year already so that's not accurate, as in many other European countries

      < Compared to this tho' it looks like a smooth ride lol
      grafician
    • Smooth ride? The US inflation never went beyond 15% in either direction. In Romania, it was off the charts in both directions. USA is smooth in comparison. :)monospaced
    • Well to put it in context, in the '90s we had hyper inflation and needed to cut an actual 0 from the currency. Since then, smooth sailing - compared to the USgrafician
    • < Also this is not actual inflation data, it's the CPI. Actual inflation number never went to 15%, that'd be HUGE
      Even at around 5% is high
      grafician
    • Inflation rate now in the US is over 6% and probably will go to around 9%

      Same in the EU zone
      grafician
    • Anyway I never expected you monospaced to get these, you posted again out of spite or whatever without no clue, as usualgrafician
    • You posted the inflation rate of my nation, and I posted yours. It's not out of spite, it's just having a conversation :)monospaced
    • Calling me clueless is hilarious though. I have as much of a grasp of this as anyone. These charts are absolutely comparable.monospaced
    • As USUAL, you are triggered AF and will resort to condescending insults. Which, of course, why you are QBN's most despised member right now.monospaced
    • Of course, you'll just insult me further, and continue to deny or ignore the FACT that you have an issue and it's 100% ON YOU.monospaced
    • And because it's all but guaranteed you'll flip the fuck out over this again, I figure you'll imply there's some conspiracy against you. Have fun.monospaced
    • I posted the current CPI for the US because $ inflation affects the entire world you dumb fuck
      not because it was "your nation" I couldn't care less 'bout u
      grafician
    • I posted the Romanian one because it's an interesting comparison. And of course you resort to baseless insults, because you're a lowly troll. That's on you.monospaced
    • I wish you wouldn't get triggered AF and start throwing tantrums like you do. It's really pathetic, and none of your insults are based on reality.monospaced
    • Thing is, I'm not a dumb fuck. And if I am, you're just as dumb, or worse. See how easy that is?monospaced
  • utopian2

    A California restaurant shut on Thanksgiving after workers didn't show up, as hospitality staff continue resigning from the industry in droves.

    https://www.businessinsider.com/…

    A Big Fuck You...Pay Me, Corporate America!

    • Costs get passed along...which will bring skyrocketing inflation. There's no 'win'.formed
    • ^utopian can't comprehend due to his poor American education.hotroddy
  • PhanLo0

    • It’s mind-boggling that there are 4500 people who want to watch this videonb
    • LolPhanLo
  • shapesalad0

    Excellent summary of the global macro picture that brings us to today, covering the booms and busts, then why's and whats:

    Love hearing about macro economics. Fascinating.

    • They lost me when they started to push bitcoin (assuming it was their sponsor, but still).formed
    • *Still a good listen and history lesson. Thanks for posting.formed
  • utopian0

  • utopian0

    • The CEO of a $25bn corporation earns more than one of it's part time store workers. What's your point?Morning_star
  • utopian0