The difference between $100 million and $1 billion is 90% of $1 billion.
People who have less than $100 million are much closer to the middle class than they are to being billionaires. We should be trying to recruit them to our side, not condemn them.
Not going to disagree with that, but you’re responding to somebody who obviously has no background in physics, and it strikes me as a reasonable balance between conceptual (“hand wavy”) and detailed enough.
This is an excellently written response.
It’s utterly bizarre. The customers lose out by receiving an inferior product at the same cost. The workers lose out by having their employment terminated. And even the company loses out by having its reputation squandered. The only people who gain are the executives and the ownership.
I see what you’re getting at, but your logic is unsound. The structure of capitalism cannot simultaneously be obfuscated and efficient. There might be capacity to argue efficacy, but the evidence would suggest otherwise. Autocratic political systems predominated for the majority of modern human history, save the last 300 years or so.
And then we come to the issue of what “capitalism” really means to you. If societal ownership were equally shared among citizens, that would mean private ownership of the means of production and hence a capitalistic system. And yet this would seem to be a non-exploitative relationship between workers and the product of their labor.
Or perhaps it doesn’t have so much to do with the label applied to the system of power and exchange as it does to the degree to which that system is used to sustain the existence of of in groups whom the law protects without constraint and out groups whom the law constrains without protection.
Unfortunately, they can multitask
True, but I’m asking what they can do, and that’s far from clear. What do you suggest?
The word you would use is “steep”. It means to put something in a liquid to extract its flavor into the liquid.
Maybe you were thinking about “braise”, which is when you half cover something in a liquid and cook it all just below boiling, but then the liquid turns into a sauce.
Capitalism is more vile than autocracy? Than dictatorship? Than absolute monarchy?
I agree completely. It’s clear we’re in need of much stronger constitutional safeguards.
As you pointed out, they attempted to subpoena Musk and the republicans voted it down. They’ve also introduced articles of impeachment, which they successfully put through last time only to have senate republicans refuse to convict on the basis that trump was no longer president.
My favorite part of these articles is that the total value he lost keeps getting updated to reflect the current price of bitcoin.