daguti + capitalism   63

Diana Young - Diana Young
When people don't understand white privilege:

"Once upon a time in America, in order to become a lawyer all you had to do was pass the bar.

Somewhere around 1896, a black man did just that and became the first person of color to practice law legally in the United States. The response of the academic community was to mandate that a bachelor’s degree was required before anyone could pass the bar.

The few people of color who could afford higher education took their new BAs to the their bar exams. When they passed, a new mandate was set forth that only people who’d acquired a law degree could apply to the bar exam.

If you've ever wondered why certain professions are stereotypically dominated by certain people, it's not by accident, it's by design. Deliberate economic prohibitions were placed as obstacles in the path of those seeking lawful, gainful employment. This is colloquially referred to as: moving the goal posts.

Meritocracy is a myth."
capitalism  capitalism-greed  race  race-racism 
13 days ago by daguti
John Edmiston Milich - John Edmiston Milich
Side view of a bunch of white SUVs with the make next to each one (i.e. Chevrolet, Honda, Mercedes, etc)

They are all nearly identical in shape from the side.

The caption reads "Capitalism breeds innovation"

I've come to understand that in the beginning stages of an industry, it breeds innovation, but as people start to see what "works" in that industry, everyone starts getting homogeneous.

Case in point: cars through about the 1960s and the early part of the 70's showed a lot of variation in size, shape, features, etc. Then the gas crisis hit and everyone went for bland midsize cars. And then the SUV craze hit and everyone went that route.

Now if you try to find an SUV, there's very little variation. Same for sedans.
capitalism  analysis  visualization  cars 
13 days ago by daguti
Landlords exploit the poor, study finds - Big Think
I don't want to make it sound like I'm sympathizing with the landlords, but this is not a blatant attempt at ruining the poor. It's simply the fact that landlords are trying to protect themselves and they end up overcharging for the hassle of the few bad apples that make it expensive to rent to the poor.
poverty  capitalism  capitalism-greed 
16 days ago by daguti
Embracing externalities | Seth's Blog
A great middle ground. Not an anti-capitalist rant, not a rah-rah capitalism chant. Just a realistic assessment of the forces that drive people to do what they do.
people-seth-godin  capitalism  capitalism-done-right  analysis  capitalism-greed 
6 weeks ago by daguti
Socialism is gaining in popularity, and today’s capitalism is to blame : politics
What do I always say? You must moderate your behavior, because if you don't, you will become your own undoing... and here we have it. Capitalism refused to curb its own excesses and now it will be a victim of its own success.

Read the comments, evidently what people want and don't know is Nordic socialism, which is just responsible capitalism. I don't know enough to agree, just important to look at.
large-systems  capitalism  politics-philosophies-socialism 
8 weeks ago by daguti
Americans Have Lost Faith In Their Ability To Move From Poverty To Riches | More than two-thirds said it's no longer commonplace for hard work to be a path from poverty to wealth, according to a new World Economic Forum poll. : TrueReddit
quotes = "“America is the wealthiest nation on Earth, but its people are mainly poor, and poor Americans are urged to hate themselves. To quote the American humorist Kin Hubbard, 'It ain’t no disgrace to be poor, but it might as well be.' It is in fact a crime for an American to be poor, even though America is a nation of poor. Every other nation has folk traditions of men who were poor but extremely wise and virtuous, and therefore more estimable than anyone with power and gold. No such tales are told by the American poor. They mock themselves and glorify their betters. The meanest eating or drinking establishment, owned by a man who is himself poor, is very likely to have a sign on its wall asking this cruel question: 'if you’re so smart, why ain’t you rich?' There will also be an American flag no larger than a child’s hand – glued to a lollipop stick and flying from the cash register.

Americans, like human beings everywhere, believe many things that are obviously untrue. Their most destructive untruth is that it is very easy for any American to make money. They will not acknowledge how in fact hard money is to come by, and, therefore, those who have no money blame and blame and blame themselves. This inward blame has been a treasure for the rich and powerful, who have had to do less for their poor, publicly and privately, than any other ruling class since, say Napoleonic times. Many novelties have come from America. The most startling of these, a thing without precedent, is a mass of undignified poor. They do not love one another because they do not love themselves.”

― Kurt Vonnegut, Slaughterhouse-Five"
capitalism  capitalism-greed  wealth-income-distribution  quotes  wealth 
january 2019 by daguti
dessalines_ comments on (excuse the DSA) A Reminder to the 'Apolitical'
Interesting analysis:
"I encourage everyone to join not only DSA, but also the IWW, /r/socialistRA, Redneck Revolt (the org I'm in), or any anti-capitalist organization (especially ones with armed praxis).

Contact those organizations and see if there's a branch in your area, and if none exist, start one. We have no time to waste; we are utterly disposable to capitalists, and they will continue to divide and conquer us until we arm ourselves and form organizations to defend our communities from racist and sexist terrorism and the police state, and unite into a fist to smash them.

Secondly, a warning about DSA, and democratic socialism in general.

A DSA branch in austin elected a cop all the way to national leadership position.

Beyond that, every country with a strong labor movement has a long history of social democrats and democratic socialists selling out workers, in favor of preserving liberal institutions, such as the capitalist system of laws and the police. This is pervasive, from the czech trade union movement, to the german social democrats siding with the state to kill Rosa in 1919. The reason is simple, and is shown in the phrase:

You can't fight city hall

Bourgeois democracy has had a few hundred years to entrench a system of laws that make positive changes for workers structurally impossible. There are dozens of restrictions and limitations that exclude workers from politics, such as the First Past the Post voting system (which enforces capitalist two party domination), gerrymandering, long term limits with no way to recall unpopular representatives, restrictions crafted to disenfranchise poor and minority voters, voter suppression, electoral fraud, unverifiable closed source electronic voting systems, capitalist campaign financing, low voter to representative ratios, and inconvenient voting locations and times, and most pervasive, candidate stacking. Most elections are performed before we ever get to the polling booth.

So the "democratic socialists" have had to make a choice between following the law, or breaking it to do some good for workers (of which Huey Long is the only politician I know of who did this).

Bourgeois democracy should be properly termed, the dictatorship of the bourgeoisie, since it is systemically structured to support their interests.

Secondly, never be deceived that the rich will allow you to vote away their wealth. Bourgeois democracy is structured to be a dictatorship of the capitalists, it's systemically built that way, and it's impossible to undo bourgeois democracy within the confines of bourgeois democracy. We live in a class society, and no ruling class has ever given up its power without armed confrontation. The aim is to build a dictatorship of workers, and to do what's best for us, regardless of any set system of laws.

And for all the pacifist readers here, here's the logical conclusion of pacifism, expressed best by its leader, gandhi.

And lets look where bourgeois democracy got us. The US currently runs a system of slave labor camps, and has killed millions of innocent people in its quest for empire. We have jails and prisoned filled with the poor and destitute, and not a single capitalist has paid for their crimes of impoverishing the many to enrich the few.

Voting has never stopped one bit of any of it."
capitalism  analysis  anti-something  fight-the-g  politics-gerrymandering 
december 2017 by daguti
Why Does America Have So Many Predators? – Eudaimonia and Co
meetup-movnat = This reminds me of my idea that modern society has traumatized many of us through the philosophy that we constantly need to be busy, running around, doing work, neglegtinc our of our health and relationships.
meetup-movnat  capitalism  analysis  capitalism-greed  crime-child-abuse  crime-abuse-physical-emotional-or-sexual  people-umair-haque 
november 2017 by daguti
Seth's Blog: Unbridled
"There are no capitalist utopias. No country and no market where unfettered capitalism creates the best possible outcome. Not one. They suffer from smog, from a declining state of education and health, and most of all, from too little humanity. Every time that the powerful tool of capitalism makes things better it succeeds because it works within boundaries.

It's worth noting that no unbridled horse has ever won an important race."
people-seth-godin  capitalism  analysis 
september 2017 by daguti
House flippers triggered the US housing market crash, not poor subprime borrowers, a new study shows. — Quartz
"Mounting evidence suggests that the notion that the 2007 crash happened because people with shoddy credit borrowed to buy houses they couldn’t afford is just plain wrong. The latest comes in a new NBER working paper arguing that it was wealthy or middle-class house-flipping speculators who blew up the bubble to cataclysmic proportions, and then wrecked local housing markets when they defaulted en masse."
economic-recession-2008  real-estate  capitalism-greed  capitalism  counterintuitive 
september 2017 by daguti
The truth behind Jeb Bush's 'free stuff' remark - CNN.com
"Citizens in much of Europe can avail themselves of generous paid family leave, free child care, free university education and inexpensive (and universal) health coverage, all paid for through taxes. The result is societies that have significantly lower inequality than we do, not because they aren't capitalist (they are) but because government policy ameliorates the inequality that unfettered capitalism brings." ..............."So why do Republicans say this "free stuff" kind of thing so often? The main reason is the simplest one: they believe it. Beyond that, it serves to justify the prevailing distribution of income, wealth and privileges. If we can believe this narrative -- that the one percent got where it is through nothing more than its hard work and strength of character, and that those who are struggling financially are in that position only because of their sloth and moral deficiency -- then there's no need to change anything about how our system works."
politics-philosophies-republicans  poverty  wealth-income-distribution  capitalism-done-right  capitalism  analysis  countries-continents-europe  hypocrisy 
june 2016 by daguti
How Markets Magnify the Role of Luck and Create the Illusion of Meritocracy - Evonomics
"...a gifted salesperson, for example, will be far more productive if her assignment is to sell financial securities to sovereign wealth funds than if she’s selling children’s shoes."

"It’s of course a good thing that their superior offerings are now available to more people. But an inevitable side effect has been that producers with even a slight edge over their rivals went on to capture most of the industry’s income.

Therein lies a hint about why chance events have grown more important even as markets have become more competitive. When shipping costs fell dramatically, producers who were once local monopolists serving geographically isolated markets found themselves battling one another for survival. In those battles, even a tiny cost advantage or quality edge could be decisive. Minor random events can easily tip the balance in such competitions— and in the process spell the difference between great wealth and economic failure. So luck is becoming more important in part because the stakes have increased sharply in contests whose outcomes have always hinged partly on chance events."
capitalism  analysis  wealth-income-distribution  small-things-bring-big-results  history-business  economics  economics-80s-through-today  success  success-luck 
may 2016 by daguti
Don't tell Bernie Sanders, but capitalism has made human life fantastically better. Here's how - AEI | Pethokoukis Blog » AEIdeas
I'd be curious to see what metrics they're using and how this compares to hunter-gatherer metrics. Certainly lifespan and "wealth" will be higher as a result of capitalism, but what about satisfaction, happiness, family cohesion, crime, etc? ......... me-stuff-reconciling-evolutionary-roots-and-future = A new tag to collect items that will help me reconcile our evolutionary past (living in small, tight-knit tribal groups; eating natural foods; squatting instead of sitting; the need for movement; etc... It includes evolutionary psychology, economics, group dynamics, and strives to figure out how we can progress as a race to colonize the cosmos while still paying tribute to the important things, such as the recognition that we are animals and we can't eat processed foods and be sedentary all day without repercussions.)
capitalism  capitalism-done-right  people-bernie-sanders  analysis  me-stuff-reconciling-evolutionary-roots-and-future 
february 2016 by daguti
None of the world’s top industries would be profitable if they paid for the natural capital they use | Grist
"For instance, industrial processes can put pollutants in the air that increase public health costs, but the public, not the polluting businesses, picks up the tab. In this way, businesses privatize profits and publicize costs."
capitalism-greed  capitalism  environment  resources-natural  capitalism-only-profitable-because-externalizing-risk  environment-pollution 
december 2015 by daguti
The Sharing Economy Isn't a Niche. It's the Future of Market Capitalism.
"Rather than cause the death of capitalism, these technological developments will redefine what it means to be an employer, an employee and a customer." .............. restaurants = "Take ChowNow, which offers restaurants a platform to manage online orders. Instead of reinventing the wheel and building out its own delivery platform, it leveraged the growing shared economy movement and launched a partnership with Uber to fulfill deliveries."
capitalism  future  predictions  economics  analysis  work  career  restaurants 
november 2015 by daguti
How the GOP stopped caring about you : politics
"In 1862 , in the midst of the Civil War, Republican Justin Smith Morrill stood in Congress to defend his party’s invention: an income tax . The government had the right to demand 99 percent of a man’s property, the Vermont representative thundered. If the nation needs it, “the property of the people . . . belongs to the government .” The Republican Congress passed the income tax — as well as a spate of other taxes — and went on to create a strong national government. By the time the war ended, the GOP had invented national banking , currency and taxation ; had provided schools and homes for poor Americans; and had freed the country’s 4 million slaves." ..... "Along with wealth, slaveowners gained political power, which they used to secure legislation promoting their interests. Gradually, the laws they put in place circumscribed other Americans’ ability to rise. Wealth moved upward; equality of opportunity faltered. By 1854, Southern slaveholders, who made up about 1 percent of the"
politics-philosophies-republicans  capitalism-greed  capitalism  history-repeating  hypocrisy 
september 2014 by daguti
A generic drug company (Retrophin) buys up the rights to a cheap treatment for a rare kidney disorder. And promptly jacks the price up 20x. A look at what they're up to. : news
marketing-social-media-campaigns-proper-responses = The CEO of the company in question signed onto this thread and started answering questions. .... One of his best replies is at: http://www.reddit.com/r/news/comments/2g43kw/a_generic_drug_company_retrophin_buys_up_the/ckfqmo9 .... It ends with "I'm 31 and I like Imgur"

UPDATE 2015-09-22: The guy's name is Martin Shkreli and he's back in the news for doing the same with an AIDS drug. I just created the tag people-martin-shkreli because I have a feeling I'll hear about this dick in the future and I want an easy way to track him.

UPDATE 2019-03-12: As predicted, Martin Shkreli has become the face of corporate greed, having ended up in prison and becoming the cover for one of Netflix's episodes of "Dirty Money"
medicine-pharmaceuticals-drugs-prescriptions  capitalism-greed  capitalism  marketing-social-media-campaigns-proper-responses  people-martin-shkreli 
september 2014 by daguti
GREED-PROOF NOT GREED-FREE: Two... - Nassim Nicholas Taleb
He doesn't mention capitalism, but it's exactly what I've been saying. The lion doesn't spare the goat out of graciousness or mercy - it simply eats a pig and gets full - the ecosystem has checks and balances on how hungry a lion gets and and how often a lion will have to eat. In other words, it's the system putting constraints on the animal, not the animal being civil.
people-nassim-nicholas-taleb  capitalism  large-systems 
march 2014 by daguti
Unlimited and Eternal Growth - What Scientific Ideas Are Ready For Retirement?
evolvify-topics = Evolvify posted this. ........... Reminds me of the two links I just bookmarked this past weekend "capitalism+anti-something" about how both Apple and Amazon are doing well, but Wall St is still disappointed and shares have dropped. ...................................... UPDATE: I ended up creating a new tag "capitalism-greed" in order to track these items that specifically deal with sustainable, growing businesses that somehow are "not enough" for investors.
evolvify-topics  capitalism  anti-something  capitalism-greed 
february 2014 by daguti
Amazon to Raise Fees as Revenue Disappoints - NYTimes.com
Amazon up 22% vs Walmart's 2% - and Wall Street is still disappointed. This is what I hate about capitalism. You have a profitable business, great customer sentiment, people have jobs... and Wall St wants more. More. More. More. .................................... I don't care so much that Prime is going to go up or shipping fees will rise a bit. It just pisses me off that it's never enough. .................... See the story about Apple bookmarked right after this one. Same thing. Record number of iPads shipped... Wall Street hangs it's head. ........................ I forgot who said it, but this is fitting "Growth for the sake of growth is the philosophy of cancer cells." ...................... We have to get off the crack addiction.
capitalism  anti-something  amazon.com  capitalism-greed 
february 2014 by daguti
The Cable Industry is Imploding: What Providers Must Do to Stay Alive
Notice how Google useS their strategic entering of various markets to push (or some would say manipulate or force) cable providers to do what they should be doing, if only they had competition.)
bandwidth  strategy  google-fiber  capitalism 
november 2013 by daguti
Quinoa’s Dark Secret
Quinoa is now so in-demand, with prices tripling, that the very farmers that grow it, can't afford to eat it, instead being forced to buy cheap, non-nutritious junk food.
capitalism  anti-something  agriculture 
june 2013 by daguti
Wealthy People and Families: What is it like to be discreetly wealthy? - Quora
poverty, capitalism = see the answer by Anon User starting with "Not directly related to the topic, but it does speak to our motivations..."
capitalism  poverty  wealth 
february 2013 by daguti
5 Horrifying Facts You Didn't Know About the Space Shuttle - Forbes
"Dragon and its commercial brethren are certainly feats of engineering. Despite that, the core difference between these vehicles and the Shuttle is not technical: it’s conceptual. What truly makes them different is that they are designed to be profitable commercial vehicles, built with commercially sourced components from a private enterprise supply chain and with paying customers. Including NASA.

Instead of building its own spacecraft, NASA will off-load the business of transit to and from space to the private sector, which can now do it better and cheaper, while the space agency can get back to doing what it does best—pushing the frontiers of science and the exploration of space.

Best of all, these new vehicles will eventually become cheaper through demand and competition, which means that I can expect to fly in space at some point in my lifetime. And so can you."
capitalism  fail  bureaucracy  government  space 
april 2012 by daguti
Amazon.com: Shop Class as Soulcraft: An Inquiry Into the Value of Work (9781594202230): Matthew B. Crawford: Books
Starred Review. Philosopher and motorcycle repair-shop owner Crawford extols the value of making and fixing things in this masterful paean to what he calls manual competence, the ability to work with oneÖs hands. According to the author, our alienation from how our possessions are made and how they work takes many forms: the decline of shop class, the design of goods whose workings cannot be accessed by users (such as recent Mercedes models built without oil dipsticks) and the general disdain with which we regard the trades in our emerging information economy. Unlike todayÖs knowledge worker, whose work is often so abstract that standards of excellence cannot exist in many fields (consider corporate executives awarded bonuses as their companies sink into bankruptcy), the person who works with his or her hands submits to standards inherent in the work itself: the lights either turn on or they donÖt, the toilet flushes or it doesnÖt, the motorcycle roars or sputters.
books  books-to-buy  philosophy  capitalism  hacking 
december 2009 by daguti
The Gospel of Consumption | Orion magazine
Show the future looking back on current times and how "dumb" we were working ourselves into a frenzy.
filmmaking-ideas  society  culture  capitalism  consumerism 
may 2008 by daguti
A nation of outlaws - The Boston Globe
A century ago, that wasn't China -- it was us. 150 years ago, it was the US that was stealing all of England and Scotland's literary works and printing pirated copies. It's a phase of development, not an expression of the culture.
history  large-systems  piracy-intellectual-property  capitalism  economics  publishing  countries-china 
august 2007 by daguti

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