A "free market" is one in which all the participants of the market have perfect information and act completely rationally. This is, of course, an academic ideal, similar to solving a physics problem that tells you to ignore friction.
What we have is a "capitalist market", where those with more power (capital) within the market leverage it to exploit the other participants. Capitalists use their money to extract as much money as possible from a segment of the market, usually destroying it in the process. But for a beautiful moment in time they created a lot of value for shareholders!
The Ruby gem "Faker" is used for generating fake data for testing, like legit-looking names, emails, phone numbers, lorum ipsum text, etc. About 10 years ago I was working on a messaging app, and wanted some real messages to see in the UI while I was developing it. One of the best engineering decisions I've made in my career was to pick the Chuck Norris Facts generator for the messages, so every time I re-seeded my local db or looked at a review app on staging, I was greeted by two fake people sending a half-dozen Chuck Norris facts to each other.
In a feudal government, the laws are created by the wealthy landowners with complete control over how the people should live. The peasants have little say in how things should be run, and few options to leave.
In a capitalist society, corporations are owned and operated by the wealthy, and they have complete control over the people at their jobs (and often outside it, too). The workers have little say in how things should be run, and cannot leave without fear of losing necessities like healthcare.
Democracy gives the people a say in how their government should be run. Socialism gives the workers a say in how their company should be run. We've managed to no longer be exploited by our government (but not completely), but we still have to live with being exploited by the wealthy.
Democracy is to Feudalism as Socialism is to Capitalism.
I think we can lay the blame for this on the wealthy elites, too. When people see someone better off than them greedily destroying society for their own personal gain, they naturally think "well why not me, too?".
> What a passive way to say executives kept a larger share of profits for themselves, forcing workers to be stressed and do a sub-optimal job.
This is a very limited view of why things don't work. The main issue in my experience is whether the company values the outcome and ensures focus on optimizing for it. That can include everything from adequate staffing to comp to training to management focus. (A lot of the last one.)
You can spend a huge amount of money and still get a crappy outcome. US healthcare provides a rich field of examples.
US healthcare is a leader in administration fees (e.g. paying health system executives) compared to other countries around the world. High US healthcare cost isn't because of increased usage, but because of the higher admin fees and higher prescription drug prices. Prices are fixed high because law prevents the government from negotiating prices (o.b.o. Medicare/aid), and those provisions were inserted on behalf of pharmaceutical companies so their executives could make more money.
Paying individual workers more may have some benefits, but I think the key issue is usually overworking and burnout because the incremental cost of adding a whole new employee is way higher than just pressuring workers to do more work in the same time.
Yes, because a DHS statement, published on Twitter of all places, isn't going to be propaganda. I can't think of any instances of them blatantly lying even against their own video evidence in, like, at least a week. /s
When a publication only publishes the "oppresseds" point of view without ever publishing the other view then it is by definition propaganda. The Guardian has been incredibly consistent in this over years now.
Dan Carlin, on his Common Sense podcast several years ago, said something that really stuck with me (and he probably was paraphrasing it from someone else).
Society is like a pressure cooker, with built-in safety release valves to prevent the pressure from getting too high. If your solution to the safety release is to block off the valves, with authoritarian surveillance, draconian laws, and lack of justice for the elites committing crimes, it just moves it somewhere else. Block off too many, and it explodes.
What we have is a "capitalist market", where those with more power (capital) within the market leverage it to exploit the other participants. Capitalists use their money to extract as much money as possible from a segment of the market, usually destroying it in the process. But for a beautiful moment in time they created a lot of value for shareholders!
reply