capitalism
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- PhanLo4
- https://survivingtom…PhanLo
- Who cares about Bezos? That's just easy finger-pointing (and I have not heard a word of this).formed
- Bithc about Blackrock and other funds that are buying 10's of thousands of homes and units. Bezos and co. is not the problem.formed
- Well, yeah, Bezos is a problem for doing this. So are other property speculators. But we're the bigger problem for letting it happen.Continuity
- In that sense, we're no better than Russians, and their total indoctrination and weak protesting chops.Continuity
- Anyone here own REITs? You’re part of the problem!nb
- Own an ETF that tracks the SP500 or FAANG or growth funds? You’re part of the problem!!!nb
- The dollar is just a belief system, an IOU backed by ' '. Homes can be squatted in. It's a system that we willingly play in.shapesalad
- Lol it's the only safe haven for parking money rngrafician
- The dollar is NOT 'just a belief system' - it's the token of exchange for the largest economy in the world, backed by the largest military.Nairn
- I'm always astounded by the naiveté and, sorry (not sorry) to say - sheer ignorance - of people who spout that sort of idealised unthinking cretinery.Nairn
- A 'belief system' might apply to teh currency of a country that wields no economy, has no people and hence no necessity of exchange...Nairn
- ..which is obviously a stupid, nonsensical abstraction to postulateNairn
- For someone who obsesses over money as much as you appear to, shape, it boggles my mind how little you appear to understand it.Nairn
- Now, to be fair, there is a lot of 'made up money' in the dollarsphere, but that's a slightly different suggestion.Nairn
- Now, is bitcoin a belief system?
Answers on a postcard, please...Nairn - Honk!nb
- Yes $ is backed by the military, who are paid in $ which is backed by themselves who is paid in $ which is backed by themselves..... anyone sense Ponzi here?shapesalad
- ETH = proof of stake. SOL = proof of history. BTC = proof of work. USD$ = proof of military.shapesalad
- If we want to evolve and have world peace, we need to move to a new system. Putin hates being paid in $ for his oil/gas only to then have the FED devalue it.shapesalad
- HOOOONNNNKnb
- Capitalism is so fucking cool.utopian
- Give Jeffoz a break...
:-(PhanLo
- nb1
Mark Zuckerberg has lost $71,000,000,000 this yearMeanwhile, the average American will make well over $40,000
Time for this inequality to stop
- stolen from Twitter
- PhanLo4
- That’s a more terrifying future than being enslaved by AI.NBQ00
- them employees seen to enjoy themselvesmilfhunter
- utopian2
A forensic economist testified that Alex Jones began funneling $11,000 per day into an alleged shell company around the time he was found liable by default in defamation suits.
- utopian6
How America's opioid industry operated like a drug cartel.
It's estimated that more than 107,000 people in the United States died due to opioid overdoses in 2021. Washington Post journalist Scott Higham notes it's "the equivalent of a 737 Boeing crashing and burning and killing everybody on board every single day."
In the new book, American Cartel, Higham and co-author Sari Horwitz make the case that the pharmaceutical industry operated like a drug cartel, with manufacturers at the top; wholesalers in the middle; and pharmacies at the level of "street dealers." What's more, Higham says, the companies collaborated with each other — and with lawyers and lobbyists — to create legislation that protected their industry, even as they competed for market share.
"Most people think it's the political parties that run the show or it's the White House that runs the show, but it really is the companies that run the show," Higham says. "People were dying by the thousands while these companies were lobbying members of Congress ... to pass legislation and to lobby members of the Department of Justice and try to slow down the DEA enforcement efforts."
- Damn. I had no idea about those numbers. Fucking horrible. Worse than a cartel.formed
- nb1
People post shit to my neighborhood forum like“hi everyone, we’re looking to rent a 2 bedroom (or 3!) in the neighborhood preferably with a little outdoor space. Our budget is around $7000 per month, thanks!”
Good grief
- Sometimes I suspect these posts are homeowners or landlords trying to artificially inflate the marketnb
- yeah they should be offering at least $13k for 3 bed, no wonder they are desperately posting on a neighbourhood forum.shapesalad
- I know of two places for rent on my street, one is asking $13k and I talked to the other guy and he said $15k. This is per month rent, in gentrified Brooklyn.nb
- Those places are each 4 bedrooms, one is 2 floors the other is 3 floors. So they’re big spaces. But still... over $150k per year in rent in Brooklyn!! Insane.nb
- Do you own? If so, sounds like you won a small lottery.formed
- I do not own. Most of neighbors are old owners. They’ve made more wealth just from buying one house in the right ‘hood than their entire lifetime salarynb
- They made no money whatsoever to speak of, actually, not if they live there. Probably struggling with the rising taxesmonospaced
- Common misconception is that the equity a house gains is deposited into a bank.monospaced
- Yes I understand. It’s also common to say “they’ve made” to refer to net worthnb
- utopian2
Hyundai subsidiary has used child labor at Alabama factory
Underage workers, in some cases as young as 12, have recently worked at a metal stamping plant operated by SMART Alabama LLC, these people said. SMART, listed by Hyundai in corporate filings as a majority-owned unit, supplies parts for some of the most popular cars and SUVs built by the automaker in Montgomery, its flagship U.S. assembly plant.
- Good that they are finally trying to compete with the Chinese by using child labour.PhanLo
- A father and his family were desperate for income so his 3 kids got work at the plant through a dodgy employment company to make their lives better. They are...Morning_star
- ...now in school and the father realises his error. Not entirely sure Hyundai has much to do with this at all.Morning_star
- Correct. Hyundai has no connection to the company they use to manage hires, and isn’t responsible whatsoever for who they hire or if it’s legal. Derp derp.monospaced
- Well done Mono, missed the point entirely, again.Morning_star
- Nope. Just helping you with yours.monospaced
- I get your point. I’m not an idiot. They needed money and worked for it. Good for them. But Hyundai is responsible that is my point.monospaced
- shapesalad0
A story we’ve all been told 1000+ times before:
Someone is sad.
They buy something.
They are happy.
- It’s called an advert.shapesalad
- Pretty harmful narrative to be drilled into us.shapesalad
- DopamineNBQ00
- You can get the same squirt by making or finding something. Things often improve our livesscarabin
- Money does create happiness. Anyone who says otherwise is full of shit.monospaced
- shapesalad1
- < click the photo, it opens larger for you to study further.shapesalad
- Kingnb
- Boss mannb
- Heronb