Late Cycle Capitalism

[SuburbanFarmer]

Again though, comparing my quality of life to a sub-Saharan African isn't very useful. I'm a sub-Saharan African in comparison to the American 1%. And they're sub-Saharan Africans in comparison to the .1%.

My productivity is orders of magnitude greater than an American factory worker. But I'm not compensated accordingly. The benefits all go up the ladder to the 1%er at the top of Corporation X, which then get wasted on marketing/overhead/lobbying, etc. That is not a sustainable situation, and whole fucking lot of us "Global 1%ers" are fed up with it.

Ah, the ridiculous rage and pessimism of the class warfare mindset.
“Someone has more than me, therefore, in spite of all the conveniences, comforts, and material goods I enjoy, I’m a victim!”

Fuck the fuck off with that juvenile noise.

Deflecting into simple jealousy is to ignore that they're directly taking that abundance from me, the worker.

There is a balance between 'share all profits' and Dickensian selfishness. Right now, we are leaned further than ever before in the direction of Dickensianism.

[SuburbanFarmer]

My productivity is orders of magnitude greater than an American factory worker. But I'm not compensated accordingly.

How the fuck do you figure? You work for a government agency do you not? You and they produce nothing. Fuck off with that bullshit.

The value provided to my employer from a mere hour of database/information/programming work is exponentially higher than anything that a factory worker could produce in one hour.

Or, if you prefer, the value of one hour of modern information work vs. one hour of that work performed in 1970. 1980. even 1990. Exponentially higher, but same or less compensation, adjusted for inflation.

Very simple equation.

[DBTrek]

Deflecting into simple jealousy is to ignore that they're directly taking that abundance from me, the worker.

There is a balance between 'share all profits' and Dickensian selfishness. Right now, we are leaned further than ever before in the direction of Dickensianism.

“They” aren’t taking shit from you, complainer. “They” pay you for your work, which is hardly something that entitles you to a Jeff Bezos lifestyle. You’re mad because the guy that created the #2 largest employer in the nation has more than you. Well, he also has accomplished considerably more than you, created infinitely more wealth than you, and works longer hours.

People who outperform you on every metric, by such margins that you wouldn’t even appear on their chart, have more than you.

OPPRESSION.

Juvenile shit, man.

[SuburbanFarmer]

Deflecting into simple jealousy is to ignore that they're directly taking that abundance from me, the worker.

There is a balance between 'share all profits' and Dickensian selfishness. Right now, we are leaned further than ever before in the direction of Dickensianism.

“They” aren’t taking shit from you, complainer. “They” pay you for your work, which is hardly something that entitles you to a Jeff Bezos lifestyle. You’re mad because the guy that created the #2 largest employer in the nation has more than you. Well, he also has accomplished considerably more than you, created infinitely more wealth than you, and works longer hours.

People who outperform you on every metric, by such margins that you wouldn’t even appear on their chart, have more than you.

OPPRESSION.

Juvenile shit, man.

Jeff Bezos would have to work approximately 100,000,000x harder than me, to justify his income. That metric falls on it's face under the most fleeting scrutiny.

[Fife]

[Fife]

[Speaker to Animals]

I think the information-based economy is a bit overstated. We still need food, shelter, tangible products, etc. Information is important, but it's not the foundation of a developed economy. Not yet anyway and not any time soon.

The bigger problem is what the world is supposed to do with people of average to below-average IQ when automation and artificial intelligence begin to take most of the jobs.

That's where capitalism is going to fail and need to transform into the next economic system. Otherwise, we are going to end up with a nightmare welfare state.

No matter what, we need a new frontier to send people out into. Imagine what the environmental factors present in living in space would do to human evolution with respect to IQ.

And whose to say it wont be more nefarious than that? Hell, we could be eradicating "undesirables" by diseugentics and sterilizations etc. to even flat out slaughtering people, who knows? It could be like that not so good movie "Cloud Atlas" or Hunger Games to take your pick.

Doubftul.

My contention: one of the primary traits of an economic system indicating long-term stability is the rate at which the members of society remain meaningfully engaged in economic activity. All successful economic systems provide most able members of society something meaningful to do. For a long time, we skirted around that because we had a frontier where unhappy people could dissapate. That's gone. Now we are more in the position of Europe in the last century, and they killed each other en masse because their economics were not working out.

Once you get to the point where a lot of people have no role in society you are headed for a rough time.

[DBTrek]

Jeff Bezos would have to work approximately 100,000,000x harder than me, to justify his income. That metric falls on it's face under the most fleeting scrutiny.

No, he would have to be 100,000,000x more productive than you, which he easily accomplished with Amazon.com alone. That’s not even taking into account AWS, the Washington Post, Twitch, etc, etc.

He has done so much more, produced so much more, than the last ten generations of your family combined - in a single half-lifetime no less, and you’re over here living in first world comfort while bitching that he has more than you. Playing a damn victim because he has more than you.

Juvenile.

[Montegriffo]

Y'all need to be a bit less bread head and a lot more Deadhead

[Hastur]

That's pretty good. Is it yours?

The first part I took from Netocracy: The New Power Elite and Life After Capitalism by Alexander Bard and Jan Söderqvist. The second part is mine.