4 ms·

“Innovation” is tech-man speak for “figuring out how to privatize/shift profits to our company” in the press. Sort of like how “the economy” can usually just be

by moate 3y ago

“Innovation” is tech-man speak for “figuring out how to privatize/shift profits to our company” in the press. Sort of like how “the economy” can usually just be translated to mean “rich people’s yacht money”

gottorf 3y ago
> “the economy” can usually just be translated to mean “rich people’s yacht money” Mississippi, one of the poorest US states and one widely panned for having "backwards" economic policies (meaning low levels of redistributive taxation), has a higher median household income at nearly $53k[0] than Germany, the country with the best economy in egalitarian Europe, at roughly $46k[1]. So it's definitely not just yacht-owners that are the beneficiaries of economic growth in a laissez-faire capitalistic country. [0]: https://www.census.gov/quickfacts/fact/table/MS/BZA115221 https://www.census.gov/quickfacts/fact/table/MS/BZA115221 [1]: https://allaboutberlin.com/guides/salaries-in-germany https://allaboutberlin.com/guides/salaries-in-germany
- moate 3y ago
  SO sorry that it took me so long to respond to this, but your math felt wrong, so I looked into it. [1]Mississippi PER CAPITA income: 29K [2]Worst German State PER CAPITA income: 34K I have no idea what All About Berln is, and when I looked into their dataset it was...confusing. So I went to Wikipedia. I think you were comparing Household vs Per capita? Either way, Mississippi isn't the doing as well you're claiming. They also have a 19% poverty rate [1] compared to Germany's 11% [3]. [1]https://www.census.gov/quickfacts/fact/table/MS/BZA115221 https://www.census.gov/quickfacts/fact/table/MS/BZA115221 [2]https://en.wikipedia.org/wiki/List_of_German_states_by_GRP_per_capita https://en.wikipedia.org/wiki/List_of_German_states_by_GRP_p... [3]https://www.statista.com/topics/10455/poverty-in-germany https://www.statista.com/topics/10455/poverty-in-germany
JumpCrisscross 3y ago
Innovation is also CRISPR, LLMs, reusable rockets and lithium-ion batteries. Potently, many were discovered in Europe but developed in America.

by moate 3y ago

gottorf 3y ago

> “the economy” can usually just be translated to mean “rich people’s yacht money” Mississippi, one of the poorest US states and one widely panned for having "backwards" economic policies (meaning low levels of redistributive taxation), has a higher median household income at nearly $53k[0] than Germany, the country with the best economy in egalitarian Europe, at roughly $46k[1]. So it's definitely not just yacht-owners that are the beneficiaries of economic growth in a laissez-faire capitalistic country. [0]: https://www.census.gov/quickfacts/fact/table/MS/BZA115221 https://www.census.gov/quickfacts/fact/table/MS/BZA115221 [1]: https://allaboutberlin.com/guides/salaries-in-germany https://allaboutberlin.com/guides/salaries-in-germany

moate 3y ago
SO sorry that it took me so long to respond to this, but your math felt wrong, so I looked into it. [1]Mississippi PER CAPITA income: 29K [2]Worst German State PER CAPITA income: 34K I have no idea what All About Berln is, and when I looked into their dataset it was...confusing. So I went to Wikipedia. I think you were comparing Household vs Per capita? Either way, Mississippi isn't the doing as well you're claiming. They also have a 19% poverty rate [1] compared to Germany's 11% [3]. [1]https://www.census.gov/quickfacts/fact/table/MS/BZA115221 https://www.census.gov/quickfacts/fact/table/MS/BZA115221 [2]https://en.wikipedia.org/wiki/List_of_German_states_by_GRP_per_capita https://en.wikipedia.org/wiki/List_of_German_states_by_GRP_p... [3]https://www.statista.com/topics/10455/poverty-in-germany https://www.statista.com/topics/10455/poverty-in-germany

JumpCrisscross 3y ago

Innovation is also CRISPR, LLMs, reusable rockets and lithium-ion batteries. Potently, many were discovered in Europe but developed in America.