Videos

7 comments in c/technology@lemmy.world view that post

[–] justsomeguy@lemmy.world 41 points 8 months ago (5 children)

Weirdest thing about this is that it would actually be comforting to me if there was a villain executing an elaborate plan. Instead it's just greed that drives it. You put a regular joe through business school, give em a CEO position with shareholders breathing down their neck and they'll start pushing shit down their customers throats in no time.

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[–] UniversalBasicJustice 11 points 8 months ago* (4 children)

Wouldn't that make greed itself the villain? Turns out following a socioeconomic philosophy that can be boiled down to "Greed is Good" leads to deliberatively exploitative and harmful outcomes, even for the "winners."

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[–] NeilNuggetstrong@lemmy.world 6 points 8 months ago (2 children)

Unchecked capitalism is just as bad as communism. Capitalism kept in check by proper regulations is good. That demands a well functioning democracy however, and is unfortunately quite rare.

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[–] fierysparrow89@lemmy.world 4 points 8 months ago* (last edited 8 months ago)

It occurred to me that what the US and even UK call capitalism is a lie, ie. their system is not capitalism. IIRC "market forces" and "equal chances" somehow play a central role in the economic definition of it. In reality these forces are distorted by tariffs, subsidies, nepotism, legalized extortion and the general repression of equal chances.

Edit: forgot to mention subsidies

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[–] Valmond@lemmy.dbzer0.com 2 points 8 months ago

And solid intitutions and regulations.

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[–] scratchee@feddit.uk 4 points 8 months ago

We’re always going to have a system that optimises (aka is greedy), it’s just a practical necessity. The issue is what gets optimised. The utopian solution is not to eliminate greed but to make incentives that lets people be greedy for maximum overall happiness (ie make sure people get paid the most when everyone is happiest with the outcome and the environment is minimally affected, etc).

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[–] lemonhead2@lemmy.world 9 points 8 months ago

fantastic video. completely agree with what they're saying. if a service is so popular that it makes more money than a small country then the service should be nationalized.

3 comments in c/technology@beehaw.org view that post

[–] Cris_Citrus@piefed.zip 11 points 8 months ago

That was fantastic

[–] luciole@beehaw.org 8 points 8 months ago (1 child)

If you're up for some reading be sure to check out the Breaking Free report. Hands down the most thorough, easy to read document about the issue imho.