capitalism
capitalism
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- nb3
https://www.bbc.com/worklife/art…
Here’s the problem with mort’s post.
Monkeys do, in fact, display behaviors that reflect capitalism. None of the scientists think of this behavior has immoral or “wrong.” None of the monkeys do, either (as far as we know.) It is considered natural.
It is only humans that look at the behavior of other humans and then choose to either celebrate that man on the cover of Forbes, or to judge the whole thing to be immoral or “wrong.”
But is it not nature?
I would argue that it’s rather unscientific to cast judgements upon the morality of the humans or the monkeys. That sounds more like the church’s domain, to me.
The scientists don’t judge the monkeys. However, I’m not arguing that the monkeys’ behavior justifies the human behavior. I’m saying that it is only humans who judge other humans.
It’s the exact opposite of what mort’s retweet is arguing.
- mort's post does not understand science nor capitalism.palimpsest
- Was a silly analogy, I concur.mort_
- Yeah you're right, there's nothing unnatural about exploitation, nor genocide.Khurram
- Hence, nothing "immoral" either.Khurram
- Let's put all genocidal monkeys on the cover of Forbes!Khurram
- These monkeys should be venerated as the epitome of our civilization!!! :D :D :DKhurram
- If monkeys were capable of printing magazines, you're damn right they would put the #1 genocidal monkey warlord on the cover. And not some loser monkey.yuekit
- Inherent capitalism is a fact, but there is nothing to celebrate here, it must be taken as a tragedy, like monkey infant cannibalism. Monkey nature must be overdrgs
- overcomedrgs
- Hold on, now. I said the monkey behavior does NOT justify the human behavior. Monkeys are just stupid animals and people should do better!nb
- You're a pretty stupid animal yourself nb, I have to be honest.Khurram
- utopian6
Drugmakers to hike prices for 2021 as pandemic, political pressure put revenues at risk.
Drugmakers including Pfizer Inc, Sanofi SA, and GlaxoSmithKline Plc plan to raise U.S. prices on more than 300 drugs in the United States on Jan. 1, according to drugmakers and data analyzed by healthcare research firm 3 Axis Advisors.
vs.
Drugmakers agree to halve prices to get on China state insurance list.
Drugmakers have agreed to cut prices by around 50% on average for more than 100 medicines in order to have them included in China’s state medical insurance scheme from March, potentially heralding a massive leap in sales.
- https://www.reuters.…utopian
- https://www.reuters.…utopian
- https://finance.yaho…utopian
- Here’s what’s really happening: Drug prices are reduced by 50% but FED print so much money, inflation means you pay 50% more for said drugs.shapesalad
- As long as they are driven by shareholders, they'll always seek to increase profits/reduce benefits. It's just math, after all.formed
- PhanLo3
- Crassus made most of his money in real estate speculation. He was already dead when the gold was poured down his throat (most historians believe it happened)Gnash
- I mean *didnt* happenGnash
- And Augustus was far wealthier at that timeGnash
- That part about gold pouring down his throat could still happen to Bezos.NBQ00
- Lol, That’s true!Gnash
- ^hehe.PhanLo
- Not to rain on the parade, but he was already dead when the gold went down ... Could still happentoemaas
- https://imgur.com/mf…kingsteven
- how is amazon essential?inteliboy
- I think we can all agree now that this meme failed to hit the mark.Gnash
- Milan3
Meanwhile Jeff Pesos made $13 billion in a day.
- this is absolutely. fucking. insane.colin_s
- Even putting aside Jeff making 13 billion, this is pretty fucked situation.yuekit
- What happens when 37% of people in a state get evicted? Where the fuck are they going to go?PhanLo
- https://i.imgur.com/…Milan
- ^Why would any society not fight for that not to happen Milan? What benefit does that have to collective prosperity?PhanLo
- Just kidding, it's America, of course it'll happen.PhanLo
- See I don't see the point of bringing how much money this guy or another made in a day, this isn't his responsibility, you should be pointing at the governmenternexbcn
- if anything Bezos is at least providing jobs to quite a few people, wanna tax him more? be my guest, they are also asking to be taxed more, at least some haveernexbcn
- from outside the US, it's crazy you have money for pretty much any war but cannot seem to provide a social net for the people in need, this includes healthcareernexbcn
- but blaming this on the billionaires is disingenuous in my opinion, the problem is elsewhereernexbcn
- why does one person need $200 billion? the jobs he's creating are minimum wage. his workers/slaves are barely making ends meet.Milan
- Milan makes a good point. Close Amazon now! Until someone runs a company for livable wage shut them all downdeathboy
- NBQ002
20 year old commits suicide after owing $700K+ in losses to Robinhood trading platform because he didn’t know he was trading options on margin.
- Apparently it’s that easy to open an account on margin w Robinhood and trade with money you don’t have and amass great margin losses.NBQ00
- Some stocks/ options must’ve really made extreme moves in the opposite direction of his trades to amass $700K+ margin losses, yikes.NBQ00
- Easy if you ignore all the warnings and don’t read upmonospaced
- There should’ve been a limit in place. I know that ThinkorSwim/ TDAmeritrade has limits in place and locks the account if the margin losses are at certain %NBQ00
- I bet this kid had couple grand at most (if at all) in his account. To amass $700K+ margin losses is insane and shouldn’t be possible with little $$ in accountNBQ00
- Always amusing to click View Comments on that site and inevitably its a bunch of nutcases ranting about the jews..yuekit
- I don’t see any jew comment this time :)NBQ00
- You didn't scroll down far enough lolyuekit
- This is America!utopian
- Read that kids, think 10-12 are on Robinhood now day trading, while gaming just in the evenings lolgrafician
- Yeah how the fuck can teens under the age of 18-20 even sign up for trading accounts.NBQ00
- They can’t even get credit cards!monospaced
- They can have FAcebook at 13 I think and sure, robinhood at 12 no wonder the stock market is up with 20 mil. jobless pplgrafician
- ups, make that 40 mil jobless, https://www.nytimes.…grafician
- Fishy...I've never seen anywhere that let you trade more than 50% of your assets, then the margin is called when asset prices go down and 'poof'!formed
- What's to stop somone from trading $100's of million, then declaring bankruptcy? I don't know this "zerohedge", but I can't believe that could happen.formed
- @formed it seems "there's an app for that" case with Robinhood lolgrafician
- Who knows, maybe it was this https://www.bloomber…NBQ00
- I still don't buy it, though. What's to stop someone from pumping stocks, betting millions, etc.?formed
- If it is a glitch, then the kid wouldn't be liable.formed
- @formed so all the adults can do Robinhood under their kids names and if they mess up "oh, it was my kid day trading" smaaartgrafician
- i find the most interesting thing about this phenomenon is ppl switchign from sports betting to day trading. never been a big difference. always saiddeathboy
- gambling.but somehting id never have thought of in shutting down sports. one of those. oh shit moments, on centrally planned actions outside marketsdeathboy
- do the day tradrs also expect a bailout and why they dive in. will the sec step in? they signed off on hertz for bankruptcy caitapl raise,,, it makes no sensedeathboy
- unless they expect the fed to buy them out. its absolute nonsense all around and threatens soemthign americans have taken for granted forever.. reserve currencydeathboy
- 20 yrs ago we lightened up on china to shift to westernized ways. they smiled and went pseudo free markets, or facism in controllign industry and are destroyingdeathboy
- it using human capital, and fae monetray growth,,, well not destroyign it they suffer own bubbles. and showing signs of planned progress collapsing with skeletodeathboy
- cities and depreciating property value. its a very interesting time for us and world issues. since 2016 i realized no matter how smart i am and plan idiots getdeathboy
- in the way. money to skim for day to day trade, but its not real growth and absolutely ruins markets.deathboy
- So this was a case of bad UX somehow, a negative balance before the app would update latest trades?grafician
- More info https://www.forbes.c…grafician
- Nobody is talking about day trading deathboy you stupid fucking cunt. Your entire rant is meaningless as usual because of your stupidity and ignorance.monospaced
- Robin Hood isn’t day trading your retakes.monospaced
- Retard.monospaced
- utopian4
'Heads we win, tails you lose': how America's rich have turned pandemic into profit.
As 26 million+ Americans lose their jobs, the billionaire class has added $308 Billion to its wealth.
Never let a good crisis go to waste: as the coronavirus pandemic sweeps the world, America’s 1% have taken profitable advantage of the old saying.
Some of the richest people in the US have been at the front of the queue as the government has handed out trillions of dollars to prop up an economy it shuttered amid the coronavirus pandemic. At the same time, the billionaire class has added $308bn to its wealth in four weeks - even as a record 26 million people lost their jobs.
- Yup, there will be a revolution, eventually, at least until there is a guaranteed minimum incomeformed
- (which the billionaires will happily fund to keep from getting lynched)formed
- Gov handouts more aligned with socialism. U should really focus your anger on the enemy than be a puppet of what u dislikedeathboy
- why? why not lynch the political class for enabling this in the first place?grafician
- Takedown the socialist gov!deathboy
- Of course doing that requires quite a bigger loss of real free markets... Can u stomach the fake growth through money policydeathboy
- Giving money to corporations is not socialism you donkey.i_monk
- It's gonna start trickling down anytime now...lolMilan
- haha imonk actually it is exactly socialism. just not your prefered varity or end gamedeathboy
- It's the exact opposite of socialism and you'd know this if you took even a moment to look up what socialism is (you clearly have no idea) or for the first timei_monk
- in your life were honest about your deeply entrenched biases.i_monk
- Bailing out corporations with public money is crony capitalism and has nothing to do with distributing wealth, agency or ownership to the public.i_monk
- Your ignorant bluster might take you far on twitter or in your circle of ignorance, but you are factually wrong.i_monk
- Now go drink some bleach.i_monk
- haha hey you said crony capitalism. Does that share more similarities with free market capitalism or trend more towards socialismdeathboy
- id say socialism. and if you don't like that word facsim,communism,soc... all the same. we can say collectivism.deathboy
- were the few decide for the majority by rule. how to distribute capital for the greater good. in this case and historically all cases will benefit the rich.deathboy
- and connected. wether lenin or any dictator. historically the small majority who "decide" for others on capital and business never help those they promised toodeathboy
- help. so yes call it crony capitalism if it makes you feel better but just a twin sister of socialism or any other collectivism and totally opposite of capitalideathboy
- crony capitalism is like bizarro capitalism in they share the same name but absolutely oppositesdeathboy
- and so you dont get confused. i dont like it as much as you. im just not a muppet of the system. blaming failures of political systems gaming markets for biggerdeathboy
- and bucks while minimizing competition. neverunderestimate a successfuls company desire for protectionary measures form competitiondeathboy
- Shhh, the adults are talking.i_monk
- adults can talk and they can still be very very wrong. perhaps by adult u mean smart enough to dodge a response? just answer is crony capitalismdeathboy
- just a term that has nothing to do with capitalism but political leaders and power that is far more collectivism in functiondeathboy
- u said "Bailing out corporations with public money is crony capitalism and has nothing to do with distributing wealth, agency or ownership to the public."deathboy
- As most collectivism philosophy it usually denies defining the public. For sure corp shareholders are public. more so considering gov pensions. and as much isdeathboy
- distributing wealth. what public did you wish your collectivism would work for and how? run for office with a plan. Every cunt does itdeathboy
- Bailing out owners is not socialism. Period.i_monk
- Bluejam4
- this isn'y for oils stocks obviously correct? like if you have the capacity to store physical oil they will basically pay you to take it correct?_niko
- Slow down there cowboy. They won't pay you take a small amount.nb
- if you buy some, you pay them to keep it as you can't store it?grafician
- but also yeah, if you can buy a few oil tankers straight up, they will pay you to buy itgrafician
- "pay you to buy it" wow...how that sounds, but yeah, we're heregrafician
- https://vignette.wik…kingsteven
- They're futures, we can't buy shitmoldero
- nb3
This argument that “we shouldn’t destroy the economy to save a few lives” is just not an accurate representation of reality. It could be debated on principle, but not with our current situation.
First of all, we haven’t “destroyed the economy”. Markets are down and trillions in bailouts are being created, but we’ve barely entered a recession. It’s not that bad, it’s just that no one likes a downturn. But “destroyed”? Ha! Gross exaggeration.
More importantly, a recession was predicted and expected long before we knew covid was coming, we just didn’t know what would trigger it. Economists pointed out that Trump was artificially propping the economy up without risk mitigation (interest rates). Trump likes to gamble. His business has done this for his entire career. You can’t now suddenly pretend that if it weren’t for Covid we would have had endless growth. But even if you DO pretend, you still can’t fairly argue that letting Covid rampage through the population would somehow happen without any negative effects on the economy.
Again, it’s ok to debate this in principle, but not in practice.
- Reasonable argument.grafician
- You think trump has real effect on markets besides jawboning? You think 2008 was ever dealt with? and isn't just an effect of 2000 and 89 and so on.deathboy
- and what do you mean ok to debate in principle and not practice?deathboy
- And I'm not sure you understand the fake wealth this is destroying. Companies like tesla and netflix exist on cheap debt. 40% of public traded companies aredeathboy
- zombies existing on cheap interest free flow capital from central banks. How many do they employ? If we are looking at 30% unemployment from this....deathboy
- well its going to change a lot. And if the gov decide to print its way out we will likely see inflation bigger than the 2008 bailout asset inflationdeathboy
- and those kinds of stresses on people trying to survive... see what happens politically. Global debt reset and new accords of about leveraging power with petrodeathboy
- or using IMF/pboc to force 3rd world countries to supply us while keeping them down through debt servicing and predatory loaning for politcal regimesdeathboy
- on the health aspect. More than likely it's going to kill a lot. Is that bad? A certain sector of population supported by public care would be clippeddeathboy
- that sector also being the largest reason to charge larger premiums in health insurance costs. And basic darwinanism. What doesnt kill u makes you stronger.deathboy
- As a species natural immunity is huge. we seen our drugs don't make us safer, they just make the viruses stronger, and now we are desperately trying to blockdeathboy
- them. It's not unthinkable that we are creating our own mass extinction event through science.deathboy
- I dont know if what we are doing is right or wrong right now. But im leaning towards wrong for the long term consequences of it.deathboy
- and i also wonder if so many easy years has made people soft. the idea of how we deal with the dead, and look at life. And in comparison to other beliefs likedeathboy
- climate change. the hypocrisy in value. wipe off less than 1% of humanity and burn them in a ditch. vs how many lives lost in the disruption. starvation, murderdeathboy
- suicide this is going to cause. How many totalitarian states will get a start and suffering. I feel like this is a lot bigger than we want to believedeathboy
- lol. what‘s your personal goal in life deathboy?uan
- pretty sure it's to flood the comment section with his nonsense and stop any reasonable debate from taking place.scruffics
- haha, still reactionary garbage. he's getting there though... from 'the markets are a natural system' to the markets are predatory andkingsteven
- confusing Darwin and Friedrich Nietzsche... IN TWO MONTHS, another couple and he'll be all about the labor theory of value and Marxist by Christmas :Dkingsteven
- Seriously though @db use this time to open your eyes to whats real in the world. Folks criticising china's 'fake' economic growth in support of a system thatkingsteven
- requires continuous exponential growth. It's wild, what we're seeing now is the first reshaping of the propaganda of capitalism to weather a crisis...kingsteven
- there is no permanence of vision, it is just a belief system.kingsteven
- Ian my only goal ... I guess is to live freely. In mind spirit and economically to my ability. If I fail it's my own. If I achieve it's my owndeathboy
- But only my own if it's truly free. Or at least a set of slow need n changing arbitrary rules for consistencydeathboy
- King I touched on different aspects in my rant. I wouldn't associate any with any indoctrinated thinking's outside relativity. Einstein relativity always reallydeathboy
- The best lensedeathboy
- However and your I doctrinated shit talk about capitalism propaganda end of days is nutter. It's not a fuckin religion. It's more sciencedeathboy
- Trading of value for value based on system of value... That system of value is the problem that got fucked long after your herosdeathboy
- It's the only objective method of rewarding value equally on merit. Yes your mmt is possible but only as servitude and based on nation states pulldeathboy
- There is no objectivity. It's more hunger games with elite deciding which will end badlydeathboy
- Do you think China civilization is the best? After all it's most like what u wantdeathboy
- Based on what u Are against so CE u never really lay out any form of what u wMt or how it would work...deathboy
- Are u Bernie Sanders?deathboy
- Wait no he laid out what he wanted and that was to be president or have his wife's friend media company make bankdeathboy
- As far as debate I'd still like nb response to my question. Scruffics theory wrecked...deathboy
- If you want people to debate you, you'll need to communicate more clearly.nb
- People won't put in the extra effort required to comprehend your incoherent ranting, no matter how important you think you are!nb
- im not trying to make it easy to debate. no coercion, strings, platitudes. not going to be like "hey great point pal, how about this"deathboy
- sometimes my points are messy because of poor typing and character limits, but its there for anyone that wants it. u get it cool u dont cool whateverdeathboy
- but NB howcome you didnt answer what you meant in the simple question what do u mean cant debate in principle but not practice?deathboy
- basically you are tossing out a finality. like sure talk about outcomes but nope wont do an action no matter outcomes. its like talk about abortion butdeathboy
- nope not happening. really sounded super closed minded. and really says you can debate but i wont hear it. so yea is that not what u said?deathboy
- if that isnt clear enough....deathboy
- utopian4
#MAGA Christmas to all...and to all a good night
- imbecile4
- But I thought it was bootstraps and hard work that earned you the monies?MrT
- Job cuts = stock rising, higher pay = stocks go lower. Capitalism.formed
- I reckon airlines should have happy staff before happy shareholders thxMrT
- The Onion?maquito
- I reckon as a commercial business they should probably aim for happy customers first.Morning_star
- ^ absolutely, and shareholder returns are not on the route to that either. Just ask Qantas customers...MrT
- zaq4
- "the failed effort to build communism in the twentieth century consumed the lives of almost 60,000,000."Morning_star
- now that's a chart! :Dsted
- dammit sted you never like my chartsgrafician
- very emotionalmilfhunter
- neverscared3
mhmm all these banana hoarders getting better with it
U.S. CEO pay soars 31% on stock and cash awards, study finds
Median pay for top U.S. CEOs rose 31% last year to a record $20 million, a new study found, surging after a slight decline during the COVID-19 pandemic, as companies showered leaders with stock awards and cash bonuses.
Chief executives receiving big pay increases included the leaders of tech giant Apple and semiconductor manufacturer Broadcom Inc,, according to the study released Monday by research firm Equilar.
- Why would this ever stop? Until there is a reckoning, the wealthiest will hoard as much as they can. Just look at the $$ being donated to the GOP.formed
- @formed, this 'reckoning' you mention, describe it - the who, the when and the how.Morning_star
- Guaranteed minimum income will become a solution for the wealthiest to keep their billions without getting slaughtered.formed
- Otherwise, homelessness will continue to rise, wealth divide grows and civil unrest grows, cities plummet in desirability, crime rises, etc., etc.formed
- UBI has its merits but brings a whole host of problems for the economy and unemployment. Why should people work? Homelessness is often not a financial problem...Morning_star
- ...At it’s heart are mental health, abuse and addiction issues, all of which would arguably have a negative effect if you added money.Morning_star
- UBI is not going to fix the problem.i_monk
- The rich need to realize we are fast approaching a point where their choices will be fair taxes or the guillotine.i_monk
- @i_monk...other than in the minds of a tiny set of disillusioned keyboard communists your claim has similar credibility to those of a flat earther.Morning_star
- The 1% are a convenient scapegoat to keep profiting from the system. The problem are not the rich, the problem are the poor.palimpsest
- I_monk- you live in a country where wealthy are already paying over 50% of salary. So i guess it's guillotine for them bc you feel like you deserve morehotroddy
- It's not trickling down fast enough.
https://i.imgur.com/…palimpsest - @i_monk - UBI is the solution to the guillotine. It appeases the masses, and keeps money in the economy. It's a win/win.formed
- Yes, in a country where the 1%'s wealth is growing exponentially while the mid/lower classes get annihilated, that's a problem that has to be addressed.formed
- You don't get to 'have' everything without contributing to making a better economy and nation. That's lazy.formed
- UBI would cause inflation Einstein. Or have you been living under a rock since you got your PPP loan?hotroddy
- @hot - You don't 'deserve' to isolate from contributing to a better economy/nation just because you're wealthy. Again, that's lazy, naive and, frankly, sad.formed
- what do you mean by isolate?hotroddy
- I mean stating things like the wealthiest 'pay the most' or 'don't punish success' or whatever is the latest bs. It's denying reality and wealth divide.formed
- utopian4
America’s nearly 750 billionaires collectively got $1 trillion richer in 2021, a tax-free 25% gain, according to calculations by Americans for Tax Fairness (ATF) based on Forbes data. Their wealth rose from $4.1 trillion to $5.1 trillion over the 12 months ended on Dec. 31. That wealth rise could fund half of the Democrats’ proposed 10-year, roughly $2 trillion Build Back Better plan of social and environmental investments.
Go here for the full data set and see the top 15 billionaires table below. The number of U.S. billionaires rose from 659 to 736 during the year.
Under current law, none of that gain will ever be taxed unless the underlying assets are sold—something the very rich generally don’t need to do to lead lives of luxury. But if the Billionaires Income Tax (BIT) proposed by Sen. Ron Wyden had been law last year, billionaires would owe up to $240 billion on their 2021 wealth gains, depending on how much of that wealth gain was derived from tradable assets such as stock.
- Right, Build Back Better didn't pass because of insufficient funds.palimpsest
- You seem to be confusing income with growth.Morning_star
- Thanks, Elon.palimpsest
- every single one started as dishwashersandpipe
- Shapeshifters.palimpsest
- That's how investments work. They aren't taxed until they are accessed. They just sit there, so it's all paper money now.formed
- That also contradicts itself. It's click-bait, sensationalized bs. Either state what it is and discuss or don't state anything at all.formed
- (not pointing fingers at you U, but whoever wrote that wrote it to stir emotions, not present reality)formed
- utopian1
- He should go halvesies with bezos on it.monospaced
- He's too busy solving tunnel building for that noise.PhanLo
- Total bsGnash
- ah come on.. majority go his wealth is in stock. it's like satoshi trying to sell all his btc.. the price of the underlying asset was fall so much it wouldn'tshapesalad
- be at the value these meme makers say. and it would ruin all the other holders of the asset as their holding devalue... not having more babies would fix hunger.shapesalad
- ah my shit typing skills...shapesalad
- Current estimates suggest it would take the GDP of a country like Finland or $265bn per year for 25-50yrs to solve world hunger. So, bullshit it is.Morning_star
- It is not the responsibly of the individual to meet the needs of the collective. Charity is an argument for capitalism.palimpsest
- Yup, bs, just good click-bait crap. How much do we spend on "defense" again? Yeah, it's his problem to solve.formed
- Yup, it's up to us to choose those we elect do what we think with is best with our resources.palimpsest
- yes, his wealth is tied up in his investements. Doesn't mean he can't use it, it's not helping anyonemonospaced
- shapesalad2
Amazon destroying millions of items of unsold stock in one of its UK warehouses every year, ITV News investigation finds:
https://www.itv.com/news/2021-06…
- NBQ003
@grafician, some more lossporn. When athletes lose over $100M
- It's actually very common that most athletes will go broke 'till the end of their careers. Also actors, lottery winners, etc.grafician
- But there's one thing to spend it on lambos and women and stuff, living the life, and another thing is to throw it all away gambling in memstocks...grafician
- I always like to imagine I would never do anything this careless.monospaced
- Young, dumb and full of cum.utopian
- There are plenty of NFL players that manage their money well. AP is just shitty in every dept.garbage
- doesn't Aaron Rodgers drive a taurus or something? some QB hadn't spent a penny of his massive salary_niko
- Rodgers is pretty frugal but I think he has a few whips. Kirk Cousins was rocking a minivan for a while, maybe that's who you're thinking of?garbage
