Definitely busts the myth that more regulation leads to higher prices.
Profit over people is a failed system
Submitted 5 days ago by sanitation@lemmy.today to workreform@lemmy.world
https://lemmy.today/pictrs/image/eb8b37dc-a5f3-4ab2-96cf-a80ff573132c.jpeg
Comments
Dryad@lemmy.world 5 days ago
mycodesucks@lemmy.world 5 days ago
You would think, but when those regulations come BACK and they crank the prices because of it, it’s just going to reinforce the myth for those idiots.
AmyAye@nord.pub 5 days ago
Plus thepropaganda machine will juat start feeding the Idiot Cult that “See, The RaDiCaL lEfT raises prices!” to prime then for next election.
prole@lemmy.blahaj.zone 5 days ago
No it doesn’t.
lmdnw@lemmy.world 5 days ago
I pine for the day when more people take advantage of any opportunities available to them to interact with corporatist politicians and their executive funders.
Luigi Mangione did nothing wrong and I hope that more people copycat him when possible.
lukaro@lemmy.zip 5 days ago
Not only was it nothing wrong it was just and rightouse!
Bytemeister@lemmy.world 5 days ago
He solved the railroad problem. Pull the lever, and then clear any arguments of bring partially responsible for murdering someone by shooting them.
That’s if he actually did it though, which he didn’t, because we were hanging out that night stomping spotted lantern flys.
Malyca@lemmy.zip 5 days ago
America is the land of entitlement. People are too selfish to give up their lives for the greater good.
gobberwarts@lemmy.world 3 days ago
Once they have nothing to lose, people will do wild shit.
2piradians@lemmy.world 5 days ago
Things weren’t great before covid, but during that time the corporations just decided fuck it, gougefest, and we’re never going back. Consumers will suffer, and they’ll keep buying because they’ll have no choice. Win win!
Stupidmanager@lemmy.world 4 days ago
I want everyone to realize that they won’t do it just for a dollar, they will do it for as little as a penny. Yes, that’s right, if you die they won’t care because they got a penny and hundreds of thousands more people lived who will keep buying their shit.
This only ends when we fight back.
RememberTheApollo_@lemmy.world 4 days ago
And this is why libertarianism is bullshit.
heartSagan5@lemmy.zip 4 days ago
Libertarians are like cats. They’re so confident of their independence, but who cleans their litter box?
InternetCitizen2@lemmy.world 4 days ago
Libertarians are like house cats. Completely dependent on a system they neither understand nor appreciate and fiercely confident of their own independence.
HeyThisIsntTheYMCA@lemmy.world 4 days ago
double
catslibertarians?
pulsewidth@lemmy.world 5 days ago
This reads like they’re more pissed that products didn’t get cheaper, than they are that companies lowered food standards immediately after regulations disappeared.
Remember this anytime some lassaize faire dipshit talks about regulations not being needed because ‘the free market regulates itself’.
Same for monopolies. Which now exist the virtually all major industries thanks to deregulation or weakened regs.
Arcanepotato@crazypeople.online 5 days ago
It’s a pretty good analogy for how people are willing to look the other way with respect to environmental protection and workers rights for cheap consumer goods tho.
lightnsfw@reddthat.com 4 days ago
I think the point is that the excuse to remove regulations was that they were making it too hard on businesses and increasing costs. So removing the regulations should have made it easier and reduced costs. This line of thinking is obviously insane though as no company has ever reduced prices they’ve already proven people will pay just for the hell of it.
bad1080@piefed.social 5 days ago
those rules are written in blood
MonkeMischief@lemmy.today 4 days ago
“Heehee what rules? In this market you gotta move fast and hurt people!”
shai_hulud@lemmy.world 5 days ago
“Failed system”
Works exactly as designed
shrug
bstix@feddit.dk 4 days ago
Nobody designed it. There’s no purpose to it. It still failed.
Akasazh@lemmy.world 5 days ago
The reason why those rules existed because companies where doing exactly that.
uriel238@lemmy.blahaj.zone 4 days ago
I learned a new word recently, Financialization (from Abdul El-Sayed! on YouTube).
It’s a term for things businesses do to make line go up that doesn’t actually produce anything or make things better. It includes processes that should be illegal such as stock buybacks and private equity.
In the aughts, I lived in San Francisco during the rolling blackouts. Enron, you see, got overvalued, and it borrowed a lot of money based on that value. So when the market started wanting to correct, it engaged in shenanigans (which had something to do with turning off California generators and then forcing California to buy power from Texas at inflated prices) because Enron needed the value, but didn’t have it, and was going to crash and its owners were going to get busted for shady dealing.
In the Trump era, we’ve undone all the laws we made from both the dotcom bubble and the subprime mortgage crisis, and the AI bubble is imminently about to collapse.
whereitsat@lemmy.zip 4 days ago
I’m tired of having to learn new things/words just to have some function in society.
How about this: smashilization.
It’s for when I hulk out over annoying bullshit that no dog would put up with but humans are supposed to put with just because.
uriel238@lemmy.blahaj.zone 3 days ago
Whereas, I love new words. They literally delight me.
It’s not about the mere sum of syllables. Rather, someone figured out a new concept, they saw a recurring phenomenon, framed it and gave it a name. And by doing that, shared with the rest of us the means to recognize and identify it.
Naming a demon doesn’t destroy it, but is a solid first step. Once we recognize a problem we can brainstorm for solutions or at least recognize it’s a failing of the larger paradigm.
Financialization and enshitification, for example are symptoms of the late stage and imminent collapse of capitalist societies, something Marx predicted more generally in Das Kapital.
You can hulk out about the leverage misused and abused by the owner class over the working class, but they have armies, so it’s better to lay low unless you’re willing to sacrifice yourself.
The more effective solution is to get organized and leverage the will of the people to force the owner class to capitulate and surrender their ill-gotten gains. But that isn’t easy. We’re struggling in the US to organize the twelve million people necessary to make a general strike effective, or, if we want to be dramatic, marching on the White House to great a risk for an anti-riot response.
We have words for those things too.
But yeah, it sucks to feel alone and helpless in the face of billionaires who can just bribe officials and take things. A lot of us are feeling it.
Anachu@leminal.space 4 days ago
That was a really interesting watch! Thanks for sharing the video
starelfsc2@sh.itjust.works 4 days ago
The sad part is this is literally incentivized to cut every corner you can, because if you don’t the other seller is. The free market will solve it guys we just made the FDA for fun, not after 50 years of this problem not being solved - maga, somehow.
godsammitdam@lemmy.zip 4 days ago
Don’t forget about the tariffs that we paid for.
The ones that were ruled unconstitutional.
The ones that the companies, who made us pay more to cover the tariffs, got and kept the refunds.
Zink@programming.dev 4 days ago
It’s like the “because double dog go fuck yourself” cherry on top of the layered parfait of redistribution of wealth in the wrong direction the years have given us.
hexdream@lemmy.world 4 days ago
The motive for the crime? Easy… Profit motive.
marzhall@lemmy.world 4 days ago
We write about “paperclip optimizers” as if they’re some future AI problem, but in reality we run them every day to make ends-meet while the people who own them just focus on the compulsion to have more paperclips with no regard for societal consequences.
Modern companies see the paperclip optimizer and say “yeah, these guys are doing it right.”
Speltrong@feddit.org 4 days ago
They’ll enslave you first
heartSagan5@lemmy.zip 4 days ago
Nah, that’s why they’re heavily invested in AI/robotics… to cut out the worker… and the humanity, which could be resistant about X.
xep@discuss.online 5 days ago
The corporations were cutting corners with food production long before, it’s just easier to do now.
Boozilla@sh.itjust.works 4 days ago
Line must go up, even if planet on fire and everyone dying of diarrhea produce.
Seppo@sopuli.xyz 5 days ago
Yes. That is their job. That’s what profit driven means. There’s no such thing as an unregulated market. Either the government does it, or the market leader regulates the market to kill competition and maximise profit.
GreyEyedGhost@piefed.ca 5 days ago
This is incomplete. They maximize profit now. They will always kill the goose that lays golden eggs, they will skin the sheep instead of shearing it, they will destroy a market for the sake of more profits this quarter, and they will be surprised when revolution occurs.
Arcanepotato@crazypeople.online 5 days ago
I sure hope you mean this to say the “market” is bad, actually.
SabinStargem@lemmy.today 3 days ago
I would argue that pure capitalism produces a toxic profit - one that doesn’t help humanity, be it the short or long term. Kings of centuries past may have been wealthy compared to their peasants, but the ordinary people of today have many more options for finding joy in life.
Our billionaires are preventing us from developing a society that would enrich every single person - including themselves.
1984@lemmy.today 4 days ago
Starting to get a bit tired of these posts with screenshot of text with no source or anything.
Are we upvoting Ai generated crap here?
partofthevoice@lemmy.zip 4 days ago
Things that got cheaper:
- Labor
- Small businesses
- Commercial property
- Office space
Congratulations. If you own shit, you got a discount toward owning more shit.
For the working people, you’re basically liquidating your way of life.
WorldsDumbestMan@lemmy.today 5 days ago
And then have nothing to spend it on, but they did their goal, like a mindless AI drone.
TheFrogThatFlies@lemmy.world 5 days ago
The regulations were removed because corporations wanted to cut corners and increase profits.
tabarnaski@sh.itjust.works 4 days ago
Well, yeah. There is a reason regulations were there in the first place…
BarneyPiccolo@lemmy.today 5 days ago
Tax wealth, not work.
Snapz@lemmy.world 4 days ago
800XL@lemmy.world 3 days ago
We hold corps accountable. With a sharp, impaling reminder.
Sektor@lemmy.world 4 days ago
And in these corporations work your aunt, neighbor, friend. Maybe even you.
motruck@lemmy.zip 4 days ago
Exactly. People act like they aren’t supporting the system but we go to work everyday in support of it. Hey tech workers still at big tech. Shame.
glimse@lemmy.world 5 days ago
Text as an image
Zombie@feddit.uk 5 days ago
Image
birdwing@lemmy.blahaj.zone 5 days ago
Likewise:
How capitalists think socialism works:
– “My lemonade is set at this price and we make a loss. My boss says I can’t criticise that decision.”
– “Mine too. I’m not going to improve mine.”
How (market) socialism actually works: – “We have no boss and we use the lowest price that gives all lemonade workers a fair pay.”
– “Same.”
How capitalists think communism works:
(Same as the socialism one)
How communism actually works:
– “We made lemonade and still have some left.”
– “Give whatever is good to those modestly asking for it.”
Domino@quokk.au 5 days ago
How Capitalists Think Anarchism Works:
How Anarchism actually works:
“Let’s use my lemons and your sugar to make some lemonade as someone was asking for some”
jumping_redditor@sh.itjust.works 4 days ago
is there a reason the lemonade stand wouldn’t set it to the highest price that still sells enough for their workers to be paid so the workers have to work less?
relativelyrobin@mander.xyz 4 days ago
Tropical smoothie is a perfect example here.
They use less fruit, don’t freeze the fruit. It’s mostly ice. Then they add sugar.
It’s wayyyy cheaper, but it’s just blended sugar ice with some fruit, not a real smoothie.
But then places that make real smoothies can’t make them as cheap Because they have to deal with frozen fruit Logistics and need more fruit
It’s way better, but they can’t compete with tropical smoothie