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Investment in general. After the global awakening, the rest of the world doesn't want to do our work for pennies on the dollar anymore. For example, Apple won
by zackmorris 4y ago
Investment in general.
After the global awakening, the rest of the world doesn't want to do our work for pennies on the dollar anymore.
For example, Apple won't be able to enjoy high profits on the back of indentured servants at Foxconn. Marketplaces like app stores and Amazon won't be able to skim such high percentages from the people doing the actual work of making and shipping things. Even portals like Google will find that their best efforts can't keep up with the dizzying pace of technological improvements in areas like machine learning as tech becomes more and more democratized.
I have a question about this: I perceive profit as theft because I've spent my life working for employers for pennies on the dollar too. I'm averse towards investing because I don't want to use people. What's a "fair" return on investment? 5%? 10%? Or is investment inherently usurious? I'm concerned that my unwillingness to invest could end up being a burden on Millennials and Gen Z, the same way that the Boomers refusing to invest in Gen X caused us many lost decades. Your experience may not have been like mine, but trust me, the proletariat/plebeians/paupers of the world are wrestling with this as one of the central issues this century. Can we have capitalism without exploitation, and if so, how will we accomplish that?
- fallingfrog 4y agoYou can’t have capitalism without exploitation. But I’m pessimistic on any sort of global awakening happening soon. Also, capitalism does some things well that have yet to be duplicated in other systems, so finding a viable replacement for capitalism will take trial and error. I don’t honestly know how to answer your moral question though, i have similar thoughts.