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Exactly. If their productivity fantasies are real, the precarious (and already very anti-worker) balance between capital and labor immediately disintegrates. S

Exactly. If their productivity fantasies are real, the precarious (and already very anti-worker) balance between capital and labor immediately disintegrates. Serious solutions to this would look like nationalizing tech companies, mandating shorter work weeks, seizing the assets of the oligarchs and redistributing them. Not... letting the invisible hand of the market sort it all out.

bigbuppo 23d ago
Invisible hands are the tool of pickpockets.
boogieknite 23d ago
youre comment is getting to the real economic future: nursing unions will not sit back and let this happen. if the "productivity fantasies" (well said) are real this will get ugly. the competent nurses where i live are in strong unions
WalterBright 23d ago
The industries with the highest costs - health care, housing, education - are the industries most heavily interfered with by the government. The industry with an absence of government interference, software, has seen prices drop to zero.
- throwawayqqq11 23d ago
  Apples and oranges. You cannot allow certain vital services to be run profit driven, when you care about the quality of that service. Thats a nobrainer to me, because nobrain makes purchase descisions too. The IT sector in general doesnt deal with comparably vital services and is due to its immaterial nature much more competive. Driving costs to zero/minimum is a logical outcome of healthy free markets, which is a direct contradiction to profit driven enterprise. That is why Peter Tiel hates competition and my profit margins for eg, grocerie stores (healthy localized market) are quite low. The only way to satisfy the fiscal pressure, baked into the system and upheld by propaganda, of "get more or loose", is to cut spending/quality in such a market. And the only way to prevent that are institutions above the free markets slowly failing to deliver. This "slowly failing to deliver" is imo a key characteristic of late stage capitalism and i can see it everywhere (you too?). BC. in financialized economies, the incentive is elsewhere, than maintaining rural infra, "health care, housing, education".

bigbuppo 23d ago

Invisible hands are the tool of pickpockets.

boogieknite 23d ago

youre comment is getting to the real economic future: nursing unions will not sit back and let this happen. if the "productivity fantasies" (well said) are real this will get ugly. the competent nurses where i live are in strong unions

WalterBright 23d ago

The industries with the highest costs - health care, housing, education - are the industries most heavily interfered with by the government. The industry with an absence of government interference, software, has seen prices drop to zero.

throwawayqqq11 23d ago
Apples and oranges. You cannot allow certain vital services to be run profit driven, when you care about the quality of that service. Thats a nobrainer to me, because nobrain makes purchase descisions too. The IT sector in general doesnt deal with comparably vital services and is due to its immaterial nature much more competive. Driving costs to zero/minimum is a logical outcome of healthy free markets, which is a direct contradiction to profit driven enterprise. That is why Peter Tiel hates competition and my profit margins for eg, grocerie stores (healthy localized market) are quite low. The only way to satisfy the fiscal pressure, baked into the system and upheld by propaganda, of "get more or loose", is to cut spending/quality in such a market. And the only way to prevent that are institutions above the free markets slowly failing to deliver. This "slowly failing to deliver" is imo a key characteristic of late stage capitalism and i can see it everywhere (you too?). BC. in financialized economies, the incentive is elsewhere, than maintaining rural infra, "health care, housing, education".