Capitalism in one picture

[010101]

..........*

 

[Wargames]

Read about this earlier today

Meet Strange Metals: Where Electricity May Flow Without Electrons | Quanta Magazine

For 50 years, physicists have understood current as a flow of charged particles. But a new experiment has found that in at least one strange material, this understanding falls apart.

www.quantamagazine.org

So many brilliant scientists and mathematicians basically went to chase the money.

This is crazy and it’s absolutely true.

 

[Wargames]

Page Rendering Error

OECD's dissemination platform for all published content - books, podcasts, serials and statistics

www.oecd-ilibrary.org

Would you look at that, two of the biggest capitalist countries on earth, US and israel, have the highest poverty rates in the developed nations at 18% while two countries that practices a mix of capitalism and socialism, finland and Denmark, have the lowest rate at 5-6%

But capitlaist bootlickers remain adamant that the American model is the one to adopt

America isn’t purely capitalist but the more it becomes that way the more you see those numbers grow.

 

[ISO]

The scary thing is how close some people are to being there.



A lot of people were giving her shyt acting like $200 left is a lot, but not when you get surprised by life.

I completely agree with her and I brought it up numerous times on here, especially for us here living in Cali. We didn't get these kinds of degrees to penny pinch, but when you have engineers struggling to find salary that keeps up, then there's a big problem. So I imagine many others are struggling far worse.

First off, the taxes here are bullshyt (that seemingly are being pocketed and not being distributed back to the people in better services). Healthcare not free, shyt getting expensive everywhere, etc.

Spoiler

Another one of the biggest problems is that many salaries aren't scaling.

When A.I really hits though that'll be a brand new set of problems for our generation and those that come after.
Think of your younger family members, shyt is going to suck for them unless they're in something like healthcare (which is highly stressful).

Must be student loans and bad spending habits because this can’t be.

 

[Cryptocurrency Scarface]

The biggest problem with "capitalism" is that nobody ever practices it....but acts like it's the best system ever.

Because all the biggest proponents of "capitalism" beg their governments for money to cover their risks and failures.

The people subsidize the health insurance industry. The automobile industry. The banking industry. The housing industry. The professional sports industry.
Everything.

So anyone who wants to sit here and ask "what system is better?"....first answer me why everyone ALWAYS socializes the risks and privatizes the profits? Because in a capitalistic system, this would never happen.

Exactly it is just cronyism

 

[Ezekiel 25:17]

The scary thing is how close some people are to being there.



A lot of people were giving her shyt acting like $200 left is a lot, but not when you get surprised by life.

I completely agree with her and I brought it up numerous times on here, especially for us here living in Cali. We didn't get these kinds of degrees to penny pinch, but when you have engineers struggling to find salary that keeps up, then there's a big problem. So I imagine many others are struggling far worse.

First off, the taxes here are bullshyt (that seemingly are being pocketed and not being distributed back to the people in better services). Healthcare not free, shyt getting expensive everywhere, etc.

Spoiler

Another one of the biggest problems is that many salaries aren't scaling.

When A.I really hits though that'll be a brand new set of problems for our generation and those that come after.
Think of your younger family members, shyt is going to suck for them unless they're in something like healthcare (which is highly stressful).

This some vague bullshyt. Registered nurses average what, $80k? And let's assume her husband makes $60k. That's $140,000/yr.

Fuk is they doing? Where do they live?

 

[chineebai]

This some vague bullshyt. Registered nurses average what, $80k? And let's assume her husband makes $60k. That's $140,000/yr.

Fuk is they doing? Where do they live?

if they live in a high cost of living area, I can see that happening. But yeah too much details missing, like what's the take home pay, what's the mortgage, what's the grocery bill. etc. Lots of people are struggling though.

 

[Space Cowboy]

Capitalism is fine. What we got now is crony capitalism. Capitalism needs levers and stuff to stop itself going into corruption. Levers that we used to have that were signed away from our awful government.

 

[sayyestothis]

I get it but what that business owner supposed to do? fukk up his products. Then he'll be out there with the other breh....

 

[CreepyMcCreeperson]

This some vague bullshyt. Registered nurses average what, $80k? And let's assume her husband makes $60k. That's $140,000/yr.

Fuk is they doing? Where do they live?

There is a large portion of the population that believes the government should make sure you have enough money for nice clothes, vacations, etc after your bills are paid.

However, I will say it’s not easy for people to simply pack up, find another job, and move to a different state if the state they live in is expensive.

 

[Ezekiel 25:17]

There is a large portion of the population that believes the government should make sure you have enough money for nice clothes, vacations, etc after your bills are paid.

However, I will say it’s not easy for people to simply pack up, find another job, and move to a different state if the state they live in is expensive.

I mean even then, how are they left with $300?

I need to see an expense breakdown. You can have the nice clothes, vacations after bills, you got to budget right.

You say it's not easy, which I agree, but then look at her profession, nurses are needed everywhere. Outside of family, there is not real reason to live in an expensive state you cannot afford.

 

[Hollywood Co]

Capitalism and Socialism are just theories. No economy can sustain long term practicing either one in my opinion.


The truth is survival of a society and more specifically a country depends on both capitalistic and socialist decisions depending on the state of the world economically, environmentally and other headwinds that you have to be able to adapt and dictate around.

The folks selling the bed are in survival mode just like the man laying on the ground. The difference may be that the owner selling that bed is trying ensure his survival long term whether through capitalism or other means and the guy laying the ground is just focused on making it day to day. If that guy got up and had the capacity to work and earn, would he still be on the ground?

 

[DEAD7]

Now do one for socialism

 

[IIVI]

YES.

I'm afraid this is going to get ignored because most people don't get the point.

I was educated alongside a lot of the most brilliant minds in America. When I graduated, they were all going into the defense industry because that's where all the jobs were. A couple years after that, they were all going to search engines and social media. A couple years after that, they were all becoming quants for Wall Street.

The vast majority of really bright people end up chasing money, just like everyone else. And if capitalism is directing the money towards ends which are not socially beneficial, then those smart people end up with an entire career of using their brains for nothing good, and often something quite bad.

Exactly. A lot of people I knew in college, same thing happened. A lot of students from many different STEM disciplines (and non-STEM as well) ended up moving to software the last few years because that's where the paper is. All that brainpower to make sure the background color on some web page is a certain color. Then yes, the sharpest ones end up working as quants.

People don't understand, but in comparison there is practically zero money in research and scientific glory.

Engineers on brink of extinction threaten entire ecosystems

Resting on its laurels is costing the industry its hardies

www.theregister.com

Great discussion about it here:

Electrical engineers on the brink of extinction threaten entire tech ecosystems | Hacker News

news.ycombinator.com

Many engineers such as this one weighing in:

PhD in EE. Moved to software for better pay and more job openings. Now I optimize button colors.

I read a post on reddit recently that asked what happened to all the Chinese and Asian Science/Math Olympiads who basically destroy the competition every year after they go to college? You guessed it, finance.

not really for this reason you mentioned. In china not many people hold high opinion on mathematicians. They look up to money, businessman, politicians, doctors and stuff. Math is a stepping stone when you were young. To prove others you are smart. When you still doing math when you are adult it's weird for normal people.

I had the exact same mentality when i was younger.

So you basically have the mass majority of the smartest minds and think tanks all sitting around trying to make someone else richer via designing the best trading algorithms because they're getting a good paycheck out of it.

You look at this ranking of software engineers doing basically Leetcode on steroids and realize many of these people are working on either quant bullshyt or enterprise software services for some business that's paying them a lot of money to work on vapor ware:

https://codeforces.com/ratings

Imagine instead if the big money was research, finding scientific breakthroughs and improving living conditions around the world for everybody.

 

[Professor Emeritus]

Exactly. A lot of people I knew in college, same thing happened. A lot of students from many different STEM disciplines (and non-STEM as well) ended up moving to software the last few years because that's where the paper is. All that brainpower to make sure the background color on some web page is a certain color. Then yes, the sharpest ones end up working as quants.

People don't understand, but in comparison there is practically zero money in research and scientific glory.

Engineers on brink of extinction threaten entire ecosystems

Resting on its laurels is costing the industry its hardies

www.theregister.com

Great discussion about it here:

Electrical engineers on the brink of extinction threaten entire tech ecosystems | Hacker News

news.ycombinator.com

Many engineers such as this one weighing in:




I read a post on reddit recently that asked what happened to all the Chinese and Asian Science/Math Olympiads who basically destroy the competition every year after they go to college? You guessed it, finance.


So you basically have the mass majority of the smartest minds and think tanks all sitting around trying to make someone else richer via designing the best trading algorithms because they're getting a good paycheck out of it.

You look at this ranking of software engineers doing basically Leetcode on steroids and realize many of these people are working on either quant bullshyt or enterprise software services for some business that's paying them a lot of money to work on vapor ware:

https://codeforces.com/ratings

Imagine instead if the big money was research and improving living conditions around the world for everybody.

People spin these childish stories that capitalism magically diverts the most resources to the most fruitful endeavors. And it's all such total bullshyt. Imagine what research and innovation in almost any field would look like without government funding, there'd be fukk-all improvements anywhere outside of maybe web apps and biotech....and even there, 90% of the advances are built off of infrastructure that was all developed via government grants first before anyone with profit motive was willing to touch it.

Back when I first got "woke" in college, I started hassling the administration and faculty about how they needed to start actually practicing their claimed values and direct their instruction towards ethical engagement in the sciences, rather than just helping students develop skills and sending them off to wherever they make the most money. But those admins do really love how much money their alumni make. I didn't think about it again for a long time, but about 3-4 years ago I got motivated and began hassling certain professors and committees that I thought might be receptive. They're talking about making certain changes, but they're not willing to go as far as they need to go to make any real difference. Still, I got one professor to read a lengthy letter on the subject out loud at a committee meeting, and several university voices claim they're engaged in transformation on the issue, so we'll see.

Scientists, lawyers, engineers need to realize that they can't trust policy makers and government officials to do jack shyt. They NEED to chose to be ethical or the future is fukked. Looking at the banking crisis, look at all the damage social media has done, look at how AI is about to runaway to some bullshyt (and I don't trust CRISPR either, for that matter)....if they don't put the breaks on this profit-motive-at-all-costs thing, who will?