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There is some benefit from having a pool of people with enough funds to take investment risks that the rank and file can't. They can outmaneuver any planned eco

There is some benefit from having a pool of people with enough funds to take investment risks that the rank and file can't. They can outmaneuver any planned economy. The problem in the US is that those people have engineered themselves a disproportionate wealth disparity that doesn't generate a collective benefit.

alkakKnbhhh 1y ago
[flagged]
- blacksmith_tb 1y ago
  That's a novel take on diversity, but I think your window is too small. The US was full of similar anti-immigrant sentiment a century ago, directed at southern and eastern European new arrivals. Today no one is calling for Poles and Italians to be deported. The "melting pot" can work, if no one is actively trying to kick it over.
- analognoise 1y ago
  Considering our success so far, it’s obvious it’s succeeding. You’d have to ignore your eyes and ears to think a multiracial secular democratic country can succeed. What’s amazing is that racists seem to be trying to screw it up on purpose, then to claim it doesn’t work. “Starve the beast” but for social cohesion. They’re always surprised when they get bitten by the monster they created. The rich never had “noblesse oblige” - we used to shoot at the factory owner when they didn’t pay us. I’m not sure what to do with such a limited understanding of history and such an obvious blind spot as this, but then I remember: you can’t reason someone out of a position they didn’t reason themselves into.
analognoise 1y ago
That used to be “industrial policy” - it doesn’t need to be individuals at all. In fact it shouldn’t be - they’re concerned with returns, not jobs and certainly not with any technology that requires a longer timespan to complete. The Biden administration had excellent industrial policy. Trump had the government steal a 10% share of Intel. Watching people realize he’s just a criminal loser has been heartening.

alkakKnbhhh 1y ago

[flagged]

blacksmith_tb 1y ago
That's a novel take on diversity, but I think your window is too small. The US was full of similar anti-immigrant sentiment a century ago, directed at southern and eastern European new arrivals. Today no one is calling for Poles and Italians to be deported. The "melting pot" can work, if no one is actively trying to kick it over.
analognoise 1y ago
Considering our success so far, it’s obvious it’s succeeding. You’d have to ignore your eyes and ears to think a multiracial secular democratic country can succeed. What’s amazing is that racists seem to be trying to screw it up on purpose, then to claim it doesn’t work. “Starve the beast” but for social cohesion. They’re always surprised when they get bitten by the monster they created. The rich never had “noblesse oblige” - we used to shoot at the factory owner when they didn’t pay us. I’m not sure what to do with such a limited understanding of history and such an obvious blind spot as this, but then I remember: you can’t reason someone out of a position they didn’t reason themselves into.

analognoise 1y ago

That used to be “industrial policy” - it doesn’t need to be individuals at all. In fact it shouldn’t be - they’re concerned with returns, not jobs and certainly not with any technology that requires a longer timespan to complete. The Biden administration had excellent industrial policy. Trump had the government steal a 10% share of Intel. Watching people realize he’s just a criminal loser has been heartening.