• 0 Posts
  • 288 Comments
Joined 1 year ago
cake
Cake day: June 13th, 2023

help-circle







  • Except we would grab loans from our banker friends who are also in on the scheme, and use some of that money to pay taxes and buy some congresscritters to avoid further taxes. The banker guys would then grab some loans themselves, preferably also from each other, as they slowly repackage the whole thing and then sell it to retirement funds to make it everyone else’s problem. /s



  • maynarkh@feddit.nltoTechnology@lemmy.worldNvidia is now worth $102M per employee
    link
    fedilink
    English
    arrow-up
    18
    arrow-down
    2
    ·
    edit-2
    23 days ago

    The difference is that the stock market has a very distorted definition of value.

    If you say that the value of something is what someone else is willing to pay for it, I could trade my house with a friend and say they paid a billion for it, except they paid me with their own billion-dollar house, and we would both become billionaires. Of course, that would be bullshit, but if my friend and I sat on the board of the FED, it would somehow become actually real.

    I see how that works, but the question is, how far can that stretch? Wall Street already tells us there is stuff worth more than 40 years of the US GDP trading around in their pockets, so how much more can that get before they get called on their bullshit like me and my hypothetical friend?











  • I recycle my stuff. But if recycling is not done on the supply side, it’s pointless. I can throw my stuff in the right bin, as long as Coca-Cola does not use the material thus collected it can go anywhere, won’t work.

    Don’t get me wrong, collective action works, it works very well, but usually not the ones that are lobbied for by big corps creating and profiting off the problem. And there is a ton of money going into telling you and me that “only if we did a bit more”, and “they only do it because there is a demand”.

    Corporations act like they are all beholden to the market and making more money on the one side and say that only regulations can stop them boiling us alive, then lobby for deregulation on the other side because only they are moral and good enough to know what to do and “government interference” is just inefficient.

    Sorry, rant over.