Dingo_Kidneys
@Dingo_Kidneys@lemmy.today
- Comment on Drop your unpopular opinions here because c/unpopularopinions is filled with popular opinions 2 weeks ago:
You’re doing a lot of conflating again, so let me pull things apart. First, labor excess value being extracted is again not a function of currency. It’s a function of capitalism. In a capitalist system, capital owners are permitted the ability to extract excess from laborers so that they can invest that excess into new ventures. It has nothing to do with value perception. What does have to do with labor perception is how much wealth laborers allow to be extracted from them, which is the whole reason bargaining power is so important in a capitalist system for the labor class.
On fiat currency, in principle it isn’t a terrible idea. What makes the dollar volatile though is that it is a fiat controlled by a single state. The gold standard worked better for the dollar because the value of the dollar would always be in effect controlled by gold supply, but this is something that can be worked out without gold as to avoid gold hoarding. We have modern solutions like crypto that could create an artificial line for the dollar to ride on, but that brings us back to it being easier to just have the dollar represent the buying power of the american market. If you keep that a function of public fiscal policy, it isn’t all that dangerous.
On the Fed, the planning and writing of the bill that established the Fed being a behind closed door meet with the hyper wealthy does not make the Fed a private enterprise. It makes it a public enterprise that was constructed by private interest. Welcome to the home of the free, much of our infrastructure was built by wealthy business owners lobbying congress. That doesnt mean that the Fed can’t be reshaped by the American people, it can, but the American public seems to not like taking the effort it takes to consider a bill that would reshape the Fed. Private interest groups do it instead because there is no competition.
- Comment on Drop your unpopular opinions here because c/unpopularopinions is filled with popular opinions 2 weeks ago:
Lol, to be more specific then, human brains have trouble holding abstract ideas to levels of importance alongside eachother. Your children are safe from this.
- Comment on Drop your unpopular opinions here because c/unpopularopinions is filled with popular opinions 2 weeks ago:
You’re conflating a lot of things as being the same thing and it’s important to draw the lines between them because conflation causes confusion that can and will cause harm if acted on.
Yes, a currency’s relationship with labor fluctuates due to how a market prices labor, but this isnt the fault of currency. It’s a fault with labor markets. In a labor market buyers almost always have an advantage over sellers and as such can devalue labor seemingly at will. This does not in turn change the value of the currency though.
You’re also right to say the Fed has a responsibility to secure market stability and that right now stability is measured in the independant wealth of businesses. However, the Fed is not private, it’s a public structure. It’s been captured by private interests because Americans largely dont understand/care about economic infrastructure. At any point the Fed could raise interest rates to a degree that almost entirely stops borrowing and that would curb inflation the other way. The downside to this is that it would make borrowing impossible for both small and large businesses. The Fed has a very large lever and no discretion. I dont think I need to say that small businesses dying is also not very good for the labor class.
As for your argument on money and self-worth. I largely just chalk this up to being a propaganda campaign to get laborers more interested in currency accumulation over community building. That isnt something that changes with fiscal policy though. That’s a culture issue. I’ve yet to convince anyone though that the two are separate, much less that their culture ought to be changed. The cold reality is that many Americans prefer it this way. They’d rather be a space in a system where they could see themselves as kings over a system without kings but higher standards of living.
- Comment on Saw this at the store this morning, took a double take 2 weeks ago:
It’s always been the goal to get children consuming products. It’s a known function of humans that they usually stick to whatever they were doing when they were kids well into adulthood. It’s harder to convince an adult with pre-established routines and preferred products to switch over.
You’re right though that it’s getting pretty blatant now, but that’s to be expected as we dismantle food and drug regulations.
- Comment on 92% of American adults aren’t going to a doctor because they cannot afford it. The health insurance industry must be dissolved & all of its executives criminally prosecuted for murder, conspiracy, an… 2 weeks ago:
Just waiting for that one really charismatic Tori to come out and say the NHS is the problem. Thatcher 2 is gonna be hilarious
- Comment on 92% of American adults aren’t going to a doctor because they cannot afford it. The health insurance industry must be dissolved & all of its executives criminally prosecuted for murder, conspiracy, an… 2 weeks ago:
It’s lowkey true, if presumptive. People migrate here literally for the ability to dictate the lives of others and forms their own little kingdoms. They’ll do this even if it pushes them into bankruptcy or death. The promise of being a sovereign is often more alluring than reforming any of these systems for the public good. Better yet, most of them don’t even consider the public good. The world just stops materializing past their fov.
- Comment on Drop your unpopular opinions here because c/unpopularopinions is filled with popular opinions 2 weeks ago:
Spicy, I’ll say I have less beef with tattoos and more beef with the people getting them now. Counter-cultural signifiers are getting really few and far between. Tattoos used to means you understood something about the world and wanted it reflected on your skin. Now you have folks with full sleeves working in finance departments for multi-billion dollar conglomerates.
I used to work at a shop run by bikers, and the vibe was immaculate. I’d shark the pool table because I was young and seen as inexperienced. Now when I go into a shop everyone is advertising their instagram and there’s essentially no acknowledgment of culture. If you ask a question as simple as who owned the shop, you get stares like their brain was just sucked out a tube.
- Comment on Drop your unpopular opinions here because c/unpopularopinions is filled with popular opinions 2 weeks ago:
To be fair, currency and the stock exchange are fairly different systems. Currency roughly keeps track of how valuable/stable that currency is seen to be, while stock prices are largely made up of vibes regarding how well a company is doing. The latter is a game designed by and for the rich to hide and move money while inflating their own worth, while the former is what is being hid. The difference is, everyone has to agree on the worth of the dollar, while only a handful of traders determine the worth of Tesla stock.
- Comment on Drop your unpopular opinions here because c/unpopularopinions is filled with popular opinions 2 weeks ago:
I think you framed this wrong. Yes, you won’t hear a good defense of capitalism here, but your not looking for capitalism if what you want are free markets. Markets can and have existed without capitalism. If you frame the argument differently, you might find a conversation worth having.
- Comment on Drop your unpopular opinions here because c/unpopularopinions is filled with popular opinions 2 weeks ago:
Typical zomeh-eh-eh-eh-oh-oh-oh-oh response.
- Comment on Drop your unpopular opinions here because c/unpopularopinions is filled with popular opinions 2 weeks ago:
Yes, but two things cant hold importance in a human brain at the same time. Too many conceptions of racism boils a person’s brain into a mush where basically nothing is racist because someone is always racist to someone else. This is one of the things that killed BLM. All lives matter, stop asian hate, anti-islamaphobia, etc… It’s not to say those arent also problems, it’s to say those groups have better support systems than black folk in the US. The issue of anti-black racism requires concentrated effort, but the white majority easily loses interest when there’s another sexier group being persecuted to attend to.
- Comment on lord give me strength 2 weeks ago:
I think I can shed light on the 6 7 hate. To do so though, I need to cover why people are okay with the others. 420 and 69 have been around for ages so they get a pass for being grandfathered and having transgressive origins. Quick maths (2+2 is 4, minus 1 that’s 3) got its fame for being an incredibly stupid thing to say in the middle of a rap while also simultaneously going way too hard for how silly it sounds. Lastly you have 21, which was a vine meme so again, a more grounded and community based origin.
What makes 6 7 stand out is that it’s from the British school system, and British culture sucks.
I rest my case.
- Comment on [deleted] 3 weeks ago:
Shout out to my cousins!