4 ms·

Capitalism evolved into socialism. The free market started subsidizing meels-on-wheels.

by adamnemecek 6y ago

deleted 6y ago
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deleted 6y ago
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devalgo 6y ago
Subsidized for who though? It's not clear that the consumers, the restaurants or the Drivers are actually getting a good deal here.
- roflulz 6y ago
  consumers get it cheaper than it should actually cost? restaurants get to sell more volume during covid, otherwise there's no way they'd have the volume to support staying open, and drivers are getting paid for something that normally wouldn't be a viable thing, I don't think many are leaving better opportunities, otherwise, they wouldn't do it...
  - devalgo 6y ago
    Have you used any of these apps? Delivery Fee + Servicing Fees + Driver Tip is usually minimum +20% on your order total. How is that cheaper? Restaurants have to pay a flat % to the Apps and this usually crushes their profit even with volume. Do we even need to argue that Uber drivers are getting a good deal? Car maintenance + lack of benefits usually leaves them making minimum wage or worse. It's A job but I don't think anyone is saying its a Good one.
tgv 6y ago
Not really. Socialism was supposed to be sharing production means. This is just an attempt at monopolizing a cut-throat market.
Melting_Harps 6y ago
> Capitalism evolved into socialism. The free market started subsidizing meels-on-wheels. More like: VC's headlong approach to funding everything under the sun in order to maintain some semblance of ROI is what led to this. The fact that they squander so much fiat is with nearly no repercussions, and little change to the order of things is the real astonishing part [1] as Misra lost $18 billion last year (a Historical record for Softbank) and still got a pay raise! VC's are operating just like Banks did in 2008, which helps re-enforce my argument that they too have become banks. Misra is former Deutsche Bank Debt trader and their wasteful and parasitic models are being deployed in this space and creating the forth that leads to bubbles and busts that distort the real innovation happening and often ignotring those smaller but valuable venture worth funding in exchange for short-term gains that seem to only generate losses. The real winners are Companies like Square who sold their (obsolete) products to companies like Doordash flush with VC money and use it to invest into Bitcoin and its related infrastructure as well as studies for UBI as its clear the World will need it moving forward. There is nothing humane about what any of these food delivery apps does or represents (just go look at their subreddits) which perhaps does align with socialist theories when put into practice--I've lived in and worked in what was former Yugoslavia and former Soviet satellites nations to realize what it really looks like and its usually the same paradigm of an overworked, underpaid and exploited underclass. That work culture never changed. Anyone wanting to revert to that is welcome to do so in my opinion, and that usually looks like what you see working in a warehouse for Amazon. 1: https://www.forbes.com/sites/sergeiklebnikov/2020/05/29/softbank-vision-fund-ceo-gets-113-pay-raise-despite-massive-losses/#6fd9d4724833 https://www.forbes.com/sites/sergeiklebnikov/2020/05/29/soft...
- Apocryphon 6y ago
  Why is Square obsolete, in your opinion?
  - Melting_Harps 6y ago
    Caviar was/is obsolete in a race to the bottom type approach for Marketshare so getting nearly Half a billion for it in cash to invest into Bitcoin based business development was shrewd and pragmatic, I hope they bought the 3k dip we had earlier this year with most of the cash flow they had. I'm a big fan of Square/Cash and Jack Dorsey in general, as can be seen given a quick look of my post History. Even if they did shut down my early-adopter Cash account for no reason or explanation.

Capitalism evolved into socialism. The free market started subsidizing meels-on-wheels.

deleted 6y ago

[deleted]

deleted 6y ago

[deleted]

devalgo 6y ago

Subsidized for who though? It's not clear that the consumers, the restaurants or the Drivers are actually getting a good deal here.

roflulz 6y ago
consumers get it cheaper than it should actually cost? restaurants get to sell more volume during covid, otherwise there's no way they'd have the volume to support staying open, and drivers are getting paid for something that normally wouldn't be a viable thing, I don't think many are leaving better opportunities, otherwise, they wouldn't do it...
- devalgo 6y ago
  Have you used any of these apps? Delivery Fee + Servicing Fees + Driver Tip is usually minimum +20% on your order total. How is that cheaper? Restaurants have to pay a flat % to the Apps and this usually crushes their profit even with volume. Do we even need to argue that Uber drivers are getting a good deal? Car maintenance + lack of benefits usually leaves them making minimum wage or worse. It's A job but I don't think anyone is saying its a Good one.

tgv 6y ago

Not really. Socialism was supposed to be sharing production means. This is just an attempt at monopolizing a cut-throat market.

Melting_Harps 6y ago

> Capitalism evolved into socialism. The free market started subsidizing meels-on-wheels. More like: VC's headlong approach to funding everything under the sun in order to maintain some semblance of ROI is what led to this. The fact that they squander so much fiat is with nearly no repercussions, and little change to the order of things is the real astonishing part [1] as Misra lost $18 billion last year (a Historical record for Softbank) and still got a pay raise! VC's are operating just like Banks did in 2008, which helps re-enforce my argument that they too have become banks. Misra is former Deutsche Bank Debt trader and their wasteful and parasitic models are being deployed in this space and creating the forth that leads to bubbles and busts that distort the real innovation happening and often ignotring those smaller but valuable venture worth funding in exchange for short-term gains that seem to only generate losses. The real winners are Companies like Square who sold their (obsolete) products to companies like Doordash flush with VC money and use it to invest into Bitcoin and its related infrastructure as well as studies for UBI as its clear the World will need it moving forward. There is nothing humane about what any of these food delivery apps does or represents (just go look at their subreddits) which perhaps does align with socialist theories when put into practice--I've lived in and worked in what was former Yugoslavia and former Soviet satellites nations to realize what it really looks like and its usually the same paradigm of an overworked, underpaid and exploited underclass. That work culture never changed. Anyone wanting to revert to that is welcome to do so in my opinion, and that usually looks like what you see working in a warehouse for Amazon. 1: https://www.forbes.com/sites/sergeiklebnikov/2020/05/29/softbank-vision-fund-ceo-gets-113-pay-raise-despite-massive-losses/#6fd9d4724833 https://www.forbes.com/sites/sergeiklebnikov/2020/05/29/soft...

Apocryphon 6y ago
Why is Square obsolete, in your opinion?
- Melting_Harps 6y ago
  Caviar was/is obsolete in a race to the bottom type approach for Marketshare so getting nearly Half a billion for it in cash to invest into Bitcoin based business development was shrewd and pragmatic, I hope they bought the 3k dip we had earlier this year with most of the cash flow they had. I'm a big fan of Square/Cash and Jack Dorsey in general, as can be seen given a quick look of my post History. Even if they did shut down my early-adopter Cash account for no reason or explanation.