capitalism
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- i_monk0
- Wow..way to minimize the power and shortage crisis in venezuela. Last time I check 30 million californians didn't live 30 days without power.hotroddy
- nor waterhotroddy
- capitalism laid the power lines in both countries.hotroddy
- You're missing the forest for the trees. Capitalism fucks up royally all the time, but never gets the same level of baby-and-bathwater scrutiny.i_monk
- having a 'capitalism' thread with over 1000 negative posts isn't enough scrutiny.hotroddy
- Exactly the same as the 8 decades of exported HUAC propaganda, you're right.i_monk
- Millions of Californians went without power for days.monospaced
- mono you don’t have a very clear picture of what’s going on in Venezuela. you're misrepresenting whats happening to venezuela for political gain.hotroddy
- San Fransisco would be a ghost town (like Maracaibo currently is) if it suffered similar power and water outages.hotroddy
- what you just wrote about me is a big fat stinking pile of BULLSHIT. Political gain? STFU you tool. That's like deathboy stupid. Don't be deathboy stupid.monospaced
- I can't respond to a comment with no arguments. don't take it personally.hotroddy
- it's either political gain or ignorance. Here is an article that came out today in case it's the latter: https://www.elnuevoh…hotroddy
- use google to translate to ingleshotroddy
- https://www.elnuevoh…hotroddy
- how is ca power capitalist? PG&E is a pseudo gov run monopoly. If they wanted to reinforce infrastructure can they raise prices as needed?deathboy
- or are is their economy and price controls for at the whim of gov? also ca forest management which despises controlled burnsdeathboy
- could also be a problem. another non capitalist problem. just gov looking for scapegoatdeathboy
- i_monk1
The rich are getting free money and capitalism is broken, says US billionaire
https://au.finance.yahoo.com/new…
‘Trickle-down’ economics doesn’t work
At the end of the day, the haves will have more and the have-nots will continue to have less, said the hedge fund founder.
“At the same time as money is essentially free for those who have money and creditworthiness, it is essentially unavailable to those who don’t have money and creditworthiness, which contributes to the rising wealth, opportunity, and political gaps,” Dalio said.
Making things worse is the fact that workers will become displaced by robots, AI and automation, he added.
“Because the ‘trickle-down’ process of having money at the top trickle down to workers and others by improving their earnings and creditworthiness is not working, the system of making capitalism work well for most people is broken,” Dalio concluded.
- oh, trickle down not working? how can that be? :)renderedred
- Almost like it never really did that anyway, certainly not by design.i_monk
- true but not a fault of capitalism at all. the trickle down approach is gov central planning thinkingdeathboy
- utopian0
Johnson & Johnson is recalling one lot of its Johnson’s Baby Powder after tiny amounts of asbestos contamination were found in samples from a single bottle purchased online.
- another one with no source link... from your info it seems a proactive cause on a single instance would highlight a company super focused on good productsdeathboy
- but you seem to only post negative material. or hey maybe coming around to the reality where " profitable companies" are not evil with any original sindeathboy
- So let's get this straight, DB, you are "ok" with asbestos being in the powder? Just want to be clear on that.formed
- No link is needed, if you watch any business news you'd have seen that and the stock plunge as a result. You'd also come across a ton of other law suits.formed
- I am a JNJ shareholder and have done quite well with it, but I am not going to make excuses.formed
- Anyone that says "a company super focused on good products" clearly has zero comprehension of how capitalism works.formed
- just rub your sweet innocent christian white baby down with some of that baby asbestos powder.utopian
- well disinformation can be quite profitable threse days. a small lot containing 0.00002% percent...deathboy
- now this is a voluntary recall of a private enterprise. what would u say of flint Mi water? hell even nv fallon water run publiclydeathboy
- private and public make mistakes, difference is ppl like formed hope their etfs algos beenfit them in such casesdeathboy
- which us to say there is or should be pressure for better results but formed stcok cares little to do with results... a downside to "real" markets...deathboy
- but an action on day to day basis vs years of public service. which is truely and more democratic to vote on any issue?deathboy
- Yet again, no idea what you are talking about. You seem to be confused as to what capitalism is. It's not for "years of public service", it's money, period.formed
- You are saying "oh, it's ok if people die as long as some benefit", right? All I am reading is forgiveness for health/death because they make breast implants.formed
- When there are thousands of lawsuits, it's hardly "voluntary".formed
- "People like formed..." care about people more than a stock, "they" care more about the country than making excuses for companies or presidents.formed
- I was talking to some doctors. The powder used talcum, which MIGHT have asbestos. The cases were all related to women who used tons of it for decades.monospaced
- Not making excuses, but I have a feeling it's not as bad as its being made out to be. The connection between the product and the supposed cause isn't strong.monospaced
- mono siding with db......formed
- haha formed you sure like to put a lot of words in my mouth i never said and totally off the topic from what im talking about. more focused on the real infodeathboy
- and question wether something like this is blown out of proportion to influence algo trading related to your personal concerns.deathboy
- at the same time identifying the difference in nature of a public shareholder as yourself or a gov municipality when they make mistakes. difference in actions.deathboy
- utopian1
The Rich Really Do Pay Lower Taxes than You
Almost a decade ago, Warren Buffett made a claim that would become famous. He said that he paid a lower tax rate than his secretary, thanks to the many loopholes and deductions that benefit the wealthy.
His claim sparked a debate about the fairness of the tax system. In the end, the expert consensus was that, whatever Buffett’s specific situation, most wealthy Americans did not actually pay a lower tax rate than the middle class. “Is it the norm?” fact-checking outfit PolitiFact asked. “No.”
Time for an update: It’s the norm now.
For the first time on record, the 400 wealthiest Americans last year paid a lower total tax rate — spanning federal, state and local taxes — than any other income group, according to newly released data.
- That's the tramps fault for not being fucking legends.PhanLo
- whining & crying cuz the % is lower than yours is a bit disingenuous given the top 1 percent of taxpayers accounted for more income taxes paid than...PonyBoy
- ... the bottom 90 percent combined. We may pay 'good money' when we see how much of our cash is taken but we're not even a drop in the bucket...PonyBoy
- ... when it comes to covering the overall nut.PonyBoy
- before you take the NYT at face value you need to realize they haven't even released there methods. It will be released in a book.deathboy
- a counter point that smells a little BS https://www.aier.org…deathboy
- really i'm curious what percentage top 400 people pay to total tax revenue, but this article seems to have buried search results on that..deathboy
- uan2
- Dr. Gabor Maté commenting Marxuan
- Al Pacino of Feelings. Nice.helloeatbreathedrive
- utopian1
- a much larger issue than trump. in the scheme of things trump is b stringdeathboy
- Capitalism in a nutshell
https://en.wikipedia…utopian - Lol every time I see this pic. This is the exact face my son made as a bday when he was pooping. I know I have a pic somewhereGnash
- *babyGnash
- haha has nothing to do with capitalism utopian. more a huge mess of gov and monetary policydeathboy
- utopian3
WISCONSIN’S $4.1 BILLION FOXCONN BOONDOGGLE
Gov. Scott Walker promised billions to get a Foxconn factory, but now he’s running away from it.
https://www.theverge.com/2018/10…
#CorporateWelfare
#Winning
#MAGA- How is Walker still there? Has he done one decent thing? I still cannot comprehend how people vote these punks in.formed
- utopian2
Cheerios With a Dose of Roundup?
https://www.ewg.org/childrenshea…
http://www.startribune.com/round…
#GodBlessAmericanGreed
- Like the Communists did, we could always murder all the farmers. Problem solved.Morning_star
- +1 for capitalism- your able to sue for $280 million dollars. try suing the govt for $280 million- those corrupt fuckers would never allow it.hotroddy
- utopian4
Capitalism is becoming less competitive
- utopian4
America is dying of free-market capitalism
America is dying of loneliness. America is dying of opioid overdoses, guns, isolation, lost jobs, lack of health care, anger, racism, and a bottomless desire to be famous, if only for 15 minutes. America is dying from an authoritarian government, indifference to its children, cruelty, voter suppression, and the weight of the rich squeezing the last breath from our lungs and the last dollar from our pockets. America is dying of Stage Four Capitalism.
- utopian1
Amazon is raising its minimum wage to $15 an hour — here's how much CEO Jeff Bezos makes in those same 60 minutes.
- This is not fair. Just absolutely not fair. And we, how much do we make an hour?NBQ00
- Does this mean Bezos could pay the full $15/hr for 50000 employees and still walk away with 3.75 Milion?colab
- Better get ready for the rush of customers at the yacht store.colab
- well... it's value, but it's not liquid. it's not in the bank. it's mostly stock value. a market crash and those hourly rates won't be realised as cash in hand.shapesalad
- T-Dawg1
I found this video interesting, an economics professor (Dr Richard Wolff of Univ. of Massachussets), explaining some of the problems of capitalism.
Here's a part that's pretty relevant with current events:
The whole interview is good if you've got the time, and he explains ideas in a very understandable way. I'm not a fan of the intro graphics and music, but ah well.
- Woops, the relevant part is at 9:27 (still a noob at posting videos, even after 14 yrs :)T-Dawg
- Nice info. Thanks.bezoar
- Except marxism has never created a better society. Ever. In fact marxism has created mass murder on a scale that is un seen in human history.Hayoth
- Your comment makes me suspect you didn't even watch the video. I also suspect you're confusing marxism with authoritarianism.T-Dawg
- sofas0
"In this short video, Peter Fleming, author of 'The Death of Homo Economicus' (Pluto, 2017), answers the questions 'who was homo economicus?' and 'how does its ghost continue to haunt us today?'
The book is available now from plutobooks.com
---
In today's workplaces we work harder and longer, labouring under the illusion that this will bring us more wealth. As this myth becomes increasingly preposterous, it's time to understand why we believe in it, and where it came from.
The Death of Homo Economicus explores the origin of this oppressive myth, in order to destroy it. The story begins with the creation of a fake persona labelled the 'dollar-hunting man', invented by economists Adam Smith and Friedrich Hayek. Today, this persona, driven by competition and ego, is used by politicians and managers to draw a veil over the terrible reality of work under capitalism.
Creeping into all aspects of life, the desire to constantly compete and accumulate must be resisted if we are to create a better way of life for all."
- Or you could create a population of unskilled workers who are useless who sit around and wait for gov't handouts.hotroddy
- is this russian fake news? Hard to see any relevance at all in this video. Basically a dude talking about nothing. i think u got trolled sofasdeathboy
- unless you are the troll.... trolling... either way check yourself for fake news cancer usually found under the left testicledeathboy
- @hotroddy - do we need more graphic designers advancing society with their awesome commercials?sofas
- @deathboy ad hominem = trollingsofas
- Any way, I don't know if I agree with Mr. Fleming, just found it interesting.sofas
- Homo Economicus is a simplification of the darwinistic principles that underpin capitalistic economics... i'm not sure about this book either but there has beenkingsteven
- a ton of discussion recently about how theories debunking it as an adequate model for human behaviour could affect economic systems.kingsteven
- i don't see a direct connection between adopting more altruistic models for business and serfdom. if anything the proof lies in entities adopting such a modelkingsteven
- and being more successful and economically stable than their peers.kingsteven
- @sofas I see your point. But I provide a service and I get paid to be creative. The more businesses and entrepreneurs the more my services are in demand.hotroddy
- what other system is going to want my services? Will the gov't need my services? Should I do propaganda posters or design state park maps and flyers?hotroddy
- hotroddy, homo economicus refers to the persona that operates on competition and ego alone. it's not accurate as it doesn't reflect the actual makeup of thekingsteven
- workforce because businesses that promote a mix of egotistic and altruistic personas have proven to be more successful.kingsteven
- so the economic systems need to evolve to take this in to consideration. it's the death of a concept framed as the death of a person... you are not dying.kingsteven
- sofas how do you not know if you agree or disagree? are you waiting for someone to decide for you? step up and decidedeathboy
- and ad hominem doesn't make much sense since im not throwing shade on you or the author for the argument. Im simply saying I found 0 relevance in the viddeathboy
- what motivates someone to post something they dont know how to think/feel about? Base your thinking on popular average? haha u funnydeathboy
