3 ms·

They can give out stock? Being taken for a ride is being taken for a ride.

by Dudester230602 3y ago

dontupvoteme 3y ago
Basal capitalistic view. What's the most beautiful city you've ever visited and why?
- deleted 3y ago
  [deleted]
- _dain_ 3y ago
  a beautiful retirement home is still a retirement home. you either grow your own economy or become a vassal to someone else who does. if europe keeps stagnating and america keeps posting 4% gdp growth, a day will come when the EU can pass as many laws as they like and it won't matter. it'll be like some shitpoor latin american country against united fruit.
  - dontupvoteme 3y ago
    "economy" is a meme - both china and the EU realized that this anglo-american system has its weaknesses which can be exploited The Chinese did it by just taking all the IP they could get as a requirement to sell in their nation The Europeans did it by requiring companies to abide by their new law or pay out fines(basically a quasitax) The capitalistic system is an addict to access to markets. Governments setup their various Guardrails to ensure that it can't entirely (i lack a nice word for this verb) their society and peoples.
    - _dain_ 3y ago
      china is the world's factory, arabs have oil. what does europe make? the way things are going, there will eventually be an american company with a market cap greater than the GDP of France or Germany. at that point, they'll be making the real rules.
      - malermeister 3y ago
        Europe makes for the largest, wealthiest single market in the world, the world's biggest importer and the world's biggest exporter. There's a lot of power in that.
        _dain_ 3y ago
        not even close. USA GDP: $26.8 trillion EU GDP: $17.1 trillion
        malermeister 3y ago
        Problem is, most of that US GDP is going to a few billionaires. There's a massive impoverished underclass in the US, who are not going to be able to drive much consumption. GDP is an incredibly reductive measure.
        _dain_ 3y ago
        every country has an underclass. there is no rigorously defensible way to say that americans are poorer than europeans. none whatsoever.
        malermeister 3y ago
        Every country has an underclass, the US one is just much bigger proportionally compared to the US one. This map speaks volumes: https://en.wikipedia.org/wiki/List_of_countries_by_income_equality#/media/File:Map_of_countries_by_GINI_coefficient_(1990_to_2020).svg https://en.wikipedia.org/wiki/List_of_countries_by_income_eq...
    - xyzzyz 3y ago
      > The Europeans did it by requiring companies to abide by their new law or pay out fines(basically a quasitax) This works only because EU is a relatively big and wealthy economy. If, say, Chile or Botswana tried to do the same, US companies would be like “lol, bye”. If, or when the Europe becomes just as poor as these relative to US, the incentive for US companies to stay in Europe and pay these ridiculous fines, will simply not be there, and so they will leave. Thus, if Europe’s strategy is to impose more and more strict regulations and taxes on US companies, it must return to growing in wealth in power. Otherwise, this strategy will backfire: not only Europe will stay poor, but also the highly productive companies will exit it.
      - dontupvoteme 3y ago
        >stay poor Have californians started thinking of Europe as poor?
        deleted 3y ago
        [deleted]
        _dain_ 3y ago
        the poorest american state is still richer in per capita terms than france or germany. europe is poor and getting poorer, relative to america.
        wasmitnetzen 3y ago
        Yet the life expectancy in most EU countries is much higher than in America. Wealth isn't the only relevant metric. [1]: https://ourworldindata.org/life-expectancy#differences-in-life-expectancy-across-the-world https://ourworldindata.org/life-expectancy#differences-in-li...
        _dain_ 3y ago
        they're dying sooner because of diseases of ... affluence. and we can expect the new weight loss drugs to make a noticeable dent in that (at the cost of who-knows-what side effects, but they can't be as big a killer as obesity)
- unmole 3y ago
  Fun fact: There are 17 European countries that rank higher than the US in the Index of Economic Freedom: https://en.wikipedia.org/wiki/Index_of_Economic_Freedom https://en.wikipedia.org/wiki/Index_of_Economic_Freedom
deleted 3y ago
[deleted]

They can give out stock? Being taken for a ride is being taken for a ride.

dontupvoteme 3y ago

Basal capitalistic view. What's the most beautiful city you've ever visited and why?

deleted 3y ago
[deleted]
_dain_ 3y ago
a beautiful retirement home is still a retirement home. you either grow your own economy or become a vassal to someone else who does. if europe keeps stagnating and america keeps posting 4% gdp growth, a day will come when the EU can pass as many laws as they like and it won't matter. it'll be like some shitpoor latin american country against united fruit.
- dontupvoteme 3y ago
  "economy" is a meme - both china and the EU realized that this anglo-american system has its weaknesses which can be exploited The Chinese did it by just taking all the IP they could get as a requirement to sell in their nation The Europeans did it by requiring companies to abide by their new law or pay out fines(basically a quasitax) The capitalistic system is an addict to access to markets. Governments setup their various Guardrails to ensure that it can't entirely (i lack a nice word for this verb) their society and peoples.
  - _dain_ 3y ago
    china is the world's factory, arabs have oil. what does europe make? the way things are going, there will eventually be an american company with a market cap greater than the GDP of France or Germany. at that point, they'll be making the real rules.
    - malermeister 3y ago
      Europe makes for the largest, wealthiest single market in the world, the world's biggest importer and the world's biggest exporter. There's a lot of power in that.
      - _dain_ 3y ago
        not even close. USA GDP: $26.8 trillion EU GDP: $17.1 trillion
        malermeister 3y ago
        Problem is, most of that US GDP is going to a few billionaires. There's a massive impoverished underclass in the US, who are not going to be able to drive much consumption. GDP is an incredibly reductive measure.
        _dain_ 3y ago
        every country has an underclass. there is no rigorously defensible way to say that americans are poorer than europeans. none whatsoever.
        malermeister 3y ago
        Every country has an underclass, the US one is just much bigger proportionally compared to the US one. This map speaks volumes: https://en.wikipedia.org/wiki/List_of_countries_by_income_equality#/media/File:Map_of_countries_by_GINI_coefficient_(1990_to_2020).svg https://en.wikipedia.org/wiki/List_of_countries_by_income_eq...
  - xyzzyz 3y ago
    > The Europeans did it by requiring companies to abide by their new law or pay out fines(basically a quasitax) This works only because EU is a relatively big and wealthy economy. If, say, Chile or Botswana tried to do the same, US companies would be like “lol, bye”. If, or when the Europe becomes just as poor as these relative to US, the incentive for US companies to stay in Europe and pay these ridiculous fines, will simply not be there, and so they will leave. Thus, if Europe’s strategy is to impose more and more strict regulations and taxes on US companies, it must return to growing in wealth in power. Otherwise, this strategy will backfire: not only Europe will stay poor, but also the highly productive companies will exit it.
    - dontupvoteme 3y ago
      >stay poor Have californians started thinking of Europe as poor?
      - deleted 3y ago
        [deleted]
      - _dain_ 3y ago
        the poorest american state is still richer in per capita terms than france or germany. europe is poor and getting poorer, relative to america.
        wasmitnetzen 3y ago
        Yet the life expectancy in most EU countries is much higher than in America. Wealth isn't the only relevant metric. [1]: https://ourworldindata.org/life-expectancy#differences-in-life-expectancy-across-the-world https://ourworldindata.org/life-expectancy#differences-in-li...
        _dain_ 3y ago
        they're dying sooner because of diseases of ... affluence. and we can expect the new weight loss drugs to make a noticeable dent in that (at the cost of who-knows-what side effects, but they can't be as big a killer as obesity)
unmole 3y ago
Fun fact: There are 17 European countries that rank higher than the US in the Index of Economic Freedom: https://en.wikipedia.org/wiki/Index_of_Economic_Freedom https://en.wikipedia.org/wiki/Index_of_Economic_Freedom

deleted 3y ago

[deleted]