_edo

9 ms·

61.
by _edo 7y ago
This is the sort of thing I've come to expect from Elon Musk, the plan that once you see it you think "oh...yeah. Of course." Tacking the removal fees to the end of contract is a little iffy to me, but overall, what. a. mov
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by _edo 7y ago
Because they didn't know how to run the new business. It's the same story as when Sears rose to prominence: they saw a business model the other mail-order retailers didn't understand. The irony is Sears started as a mail-orde
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by _edo 7y ago
Yeah. Management work for the owners just like everybody else. They're workers who happen to not be represented by the union. Management only takes losses so far as they have equity stakes in the company, which is to say the extent t
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by _edo 7y ago
Doesn't matter. Executives (in this case) are workers, not owners. Some of their pay may be in equity in an attempt to align their interests with the owners but their agreement with the owners is the same as a janitor's: they ta
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by _edo 7y ago
By sharing in losses I mean losing money in absolute terms, that's what happens to owners. Owners don't just make less money in bad times, they lose money. Workers may lose money relative to what they think they would make other
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by _edo 7y ago
The workers never take a share of the losses. In 2005 when the company lost $10 billion or in 2007 when they lost $38 billion the union workers didn't get bills in the mail instead of checks. On a personal level, the workers are still
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by _edo 7y ago
Looks really interesting, but in the first paragraph of the introduction: > A recession, for example, is a time when many people have decided to........express support for fiscally conservative government. What? I'm not sure how th
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by _edo 7y ago
Taxing something makes it less common. Doesn't matter if it's carbon, cigarettes, sugar, productivity, or investing. Tax investing and that shifts the line just like a carbon tax, except in this case the people investing are more
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by _edo 7y ago
No, you add value to their labor and in return get to keep some of it. Or you can solve some previously unsolved problems which allow you to produce better products for lower costs than your competitors. This is how Carnegie, Rockefeller,
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by _edo 7y ago
And what happens to society as a whole when we abandon a person's right to own the products of their labor? What happens when highly productive people decide they have better things to do than go to work and get taxed at 70%? A lot of
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by _edo 7y ago
This stuck out as strange to me since they defined microplastics as <5mm. If you run water through sand it would filter things this large, and that's a common wastewater treatment practice.
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by _edo 7y ago
There's also good societal reason to encourage teenagers like this to undertake another 4-8 years of difficult education to become those random adult engineers. Showing them "hey what you can do with your mind is valued by society
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by _edo 7y ago
> The world is deeply unjust economically.......and I feel stupidified when I see how these programmes aren't yet serious international standards. It's not really that simple. Taking, by force, from Person A to raise Person B&
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by _edo 7y ago
The average college football player, with their 2% chance of making it to the NFL, is worth the median NFL salary of roughly $800k? This has gone a little too far off track for me. The core issue here is claiming that profits are derived f
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by _edo 7y ago
> Trump’s unilateral, preemptive trade war... Is it preemptive? I've been hearing about their intellectual property theft issues for over 15 years.
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by _edo 7y ago
> It's profitable only because the players aren't paid. No. The NFL minimum salary is under $500k and by your own admission these players aren't that good. Even a generous $200k/yr and a generous 100 player roster onl
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by _edo 7y ago
Big football programs make big money, small programs don't. For the 2012-2013 season University of Texas brought in over $100 million with under $30 million in expenses. Same year Alabama brought in $88 million on $47 mil in expenses.