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I would point out that we were the most successful and had the highest standard of living when unions were strongest. When tax laws and financial regulation mad
by da_chicken 2y ago
I would point out that we were the most successful and had the highest standard of living when unions were strongest. When tax laws and financial regulation made it unprofitable to try to hoard wealth to the degree of 19th or 21st century robber barons.
Look what capitalism has done for tech. The general public now distrusts and is frustrated by silicon valley. Privacy and rights to repair have encouraged rent-seeking and fabrication of get-rich-quick schemes at the expense of natural resources and public health. User experiences and software quality trend downward. The primary purpose of new technology like AI is transparently to enrich the owners rather than to provide real benefits or services, and the first thing they all did was purge their ethics committees. Oh, yes, capitalism is doing great things for computers. Just look at the great advancements in the fields of wealth extraction, resource consumption, energy expenditure, and legislative capture.
But don't worry, it's not their fault because "corporations have a fiduciary duty to maximize profits," a phrase which is sure to be writ on the tombstone of the founding ideals of this country.