• 1 Post
  • 225 Comments
Joined 11 months ago
cake
Cake day: December 13th, 2024

help-circle






  • Now, I personally believe that this is the end result of capitalism due to regulatory capture, and that capitalism is inherently unstable without a resilient regulatory framework to keep the system working.

    This criticism isn’t of markets or economics systems, but of the broader political system that fails to regulate it. Regulatory capture in particular is a type of government failure, a situation where regulatory action results in Pareto inefficiency. In representative democracies, this is rational political decision-making. A regulation that concentrates benefits to a special interest & diffuses costs to the public

    • gains politicians influence & opportunities with the interest group at no expense to themselves
    • gains the interest group benefits to themselves that exceed lobbying expenses
    • costs each member of the public less than cost it takes to organize to oppose the regulation.

    Much of the criticism of “capitalism” seems to be misplaced criticism of defects in the regulatory/political system that incentivize government failures.


  • it’s Corporatism

    A peccadillo

    Corporatism is an ideology and political system of interest representation and policymaking whereby corporate groups, such as agricultural, labour, military, business, scientific, or guild associations, come together and negotiate contracts or policy (collective bargaining) on the basis of their common interests.

    Corporatism does not refer to a political system dominated by large business interests, even though the latter are commonly referred to as “corporations” in modern American vernacular and legal parlance. Instead, the correct term for that theoretical system would be corporatocracy.

    Corporatism comes from a cultural disagreement over the basic unit of society.

    A major distinction between different political cultures is whether they believe the individual is the basic unit of their society, in which case they are individualistic, or whether corporate groups are the basic unit of their society, in which case they are corporatist.

    Labor unions & collective bargaining are corporatist as is fascism. To clear up misunderstandings from history class, definitions of fascism featuring corporate refer to that. Fascists imagined national collective management of corporate groups in a top-down system of state control that they termed totalitarian.


  • lmmarsano@lemmynsfw.comtoUnpopular Opinion@lemmy.worldCapitalism Ain't The Problem
    link
    fedilink
    English
    arrow-up
    3
    arrow-down
    1
    ·
    edit-2
    4 days ago

    Stumping for socialism? Well, the Soviet Union failed mighty fucking hard. “But that wasn’t true socialism!”

    Soviet Union was a failed communist state: a socialist state with a dictatorial ruling class that promises to achieve communism, the pseudoscientifically postulated utopia of a stateless, classless, moneyless, post-scarcity society. Communist ideology is like the Christianity of economics that keeps promising the 2nd coming of Christ: they insist it’ll happen someday inevitably. No possible way Marx was wrong.

    Economists often consider capitalism a persuasive definition coined by critics that poorly defines an economic system. Instead, they approach systems from considerations such as resource allocation mechanism & regulatory policies.

    Western Europe has more social market economies: mixed economies where private enterprises operate in markets regulated to prioritize fair competition & social welfare. Technically, US has a mixed economy but with a weaker prioritization of social welfare; it’s not pure “capitalism” either.

    When people in the US argue for a Western European style of social market economy, I think they’re asking for market regulations that raise the priority of social welfare & labor standards. While more social, that isn’t socialism.





  • I don’t know what you’re expecting. My most secure account is practically impossible to recover without the credentials, passkey, & one-time password generator or recovery code. Cracking the encryption keys isn’t feasible & the account providers lack the higher-level keys to decrypt them. This is all by design.

    Lack of recovery means they either did security protocols right (they can’t circumvent them either) or at least pretend to. Recovery that circumvents keys indicates weaker security protocols or different priorities.

    A gaming service isn’t really protecting your most sensitive data like an account that accesses OneDrive may. The risks & business value differ.





  • sustainable breakthrough that could cut emissions and eliminate slaughter in the $400 billion leather industry

    Seems pretty pointless when leather is a byproduct of slaughter for meat, and meat (not leather) drives the demand for cows. Even at 0 leather demand, cow slaughter & their impact on the environment would continue at the same levels.

    For the slow: if we switched entirely to lab-grown leather, then what would we do with the unused cowhide stripped from butchered cows? Let it go to waste while redundantly pumping unnecessary resources to grow the same thing in the lab? That’s massively stupid.

    This reminds me of the invention of edible food wrappers entirely missing the point of wrappers protecting the food from contamination which would now include the wrapper needing protection.