He also owns a significant portion of the company and makes millions when the stock price goes up.
An employee however makes a fixed income and may very likely be laid off after the next investors call to make that stock price go up.
Comparing the work ethic of a ceo and an employee is complete bullshit. By their own logic, a 1/1000th ownership in the company should in fact mean 1/1000th of the CEO’s work.
When people keep voting for politicians pushing “science is woke” and who are actively thwarting science based policies, this is the outcome they sign up for, whether they like it or not.
The unfortunate part is that the children victims in this flood had no direct say in these decisions. How many of these devastating events will it take before people start believing in science based facts again? Looking at the never ending series of school shootings in the US, may be never.
Would it be possible to create a webapp version of this? With ICE and CBP freely able to search phones now, I am worried about retaliation if they find this app on the phone.
I agree that she should run, but as an independent candidate because the DNC will never give her a honest shot in the primaries.
Americans however are unlikely to elect her especially due to electoral college as there are plenty racist and misogynistic voters in the swing states.
But if she’s able to raise money in the process to give her a real shot, US will finally have a viable third party candidate. If it looks like she’ll only split the Dem vote without winning, the raised money can be used to support progressive candidates in local elections.
Either way, I think US needs a progressive liberals party and soon because there’s a lot of House and Senate seat elections coming up and as we have seen from the GOP playbook, local elections are as relevant and influential as the national ones.
American Capitalism, with its abundance of neoliberalism, works on the premise that given no external involvement, the market will take care of itself. Companies will make products that people like, or will be out competed.
The American dream extends from that idea that workers can work wherever they want and have completely free movement. So if someone is smart or a hard worker, they have plenty of opportunities and will eventually be successful.
In reality, neither of the above are true. Markets are not capable of taking care of themselves, e.g., because there is inertia, inelasticity, and barrier to entry for many high-capital businesses. Government has propped up most “desirable” large industries through heavy subsidies and tax breaks, like oil, farming, telecom, and tech. Workers do not have free movement, some from self inertia to want to stay close to roots, family, friends, but mostly from the same neoliberal policies that remove social safety nets and fail to provide everyone the basic necessities.
Add to that the fact that a solely money based capitalist system has no ability to measure environmental degradation, wealth inequality, or population satisfaction. And the government is more than happy to step in when it’s businesses being hurt vs people - think too big to fail or propping up businesses during covid/after natural disasters.
Even if a true capitalist system were allowed to exist, it is ultimately anti-competitive. A business in a segment that’s doing well will slowly acquire other businesses in the segment to become a monopoly. Eventually the monopoly will keep growing and acquire the largest businesses in other segments. Besides regulations, technology disruptions can break this cycle but those are fairly rare, and are mostly a recent and likely short lived phenomenon.
Finally, capitalism requires economy and population to keep growing, in the absence of which, there is complete stagnation of movement and the system will collapse into feudalism, like what happened during the Dark Ages.
Anyway, I think you are both right and wrong. Capitalism as people imagine it to be feeds into the ideal of the American Dream. But both true capitalism and its reality actively thwart it, by closely interlinking the economic system with the political.
This is awful. Now the Democrats will have to set up internal meetings over the next few weeks to figure out the most appropriate language to condemn this, after which they will forget this happened.
The silence and inaction of the Democratic leadership since Trump took office is a major contributor to the Republicans and the police state to keep escalating project 2025 agenda without impunity.
The human elements are being stripped away along with consumer protections. So services are becoming more and more like the tech sector (like YouTube, WhatsApp blocking) where for a long time, the situation has been that decisions get made by an algorithm and there is literally no one to appeal to about them.
Take banking as an example - with brick and mortar locations shrinking, it’s already so hard to get simple things done unless you download their app, agree to an unnecessarily long list of terms and conditions which can be changed unilaterally at any time, and your rights to sue are waived in favor of arbitration.
We as consumers are doing more of the work that was previously being done by employees and without getting paid for it. Think self checkouts - when it started, I was very happy that I didn’t have to talk to a person if I didn’t feel like it, but now I am essentially forced to use it because there are few to no cashiers. And I’m not getting paid to do the work for which an employee was previously getting paid, nor am I paying less for my groceries as a result of doing the work myself.
Apple fucked up no doubt. Given how hard they pushed AI as a key feature of IPhone 16 I wouldn’t be surprised if they get a class action lawsuit for this.
But it’s also interesting to read a few things from the article that makes me hopeful for when Apple finally releases the features:
The era of US-Canada being brothers in arms is over. I doubt US will be receiving any favors in the future without something in return. And if Canada chooses to expand their supply chains outside of the US, which they 100% should, there’ll be no coming back to a scale of trade as it exists today.
I reached out to Roku support regarding this. The rep told me “why are you complaining. You are the only one.” He then disconnected the chat. I’ve reached out to my state’s AG to report this. No action so far but waiting. If there are enough complaints, that might help move the needle.
What Roku is doing should be completely illegal - bricking the product after purchasing it for full price if you don’t agree to waiving your rights.
I think the phenomenon is called something like “closing the door behind you.”