Russia is an oligarchy and yes they are fascist as well, but Russia is by no mean a socialist country.
There are plenty of examples of well run socialist countries, even the US, is to a certain extent, a democratic socialist republic. Although we are much more of an oligarchy than anything...
Shareholders as the primary beneficiary of profits is an unfortunate concept, it is associated with the shift (globally) to Laissez-faire Capitalism, oligarchies, and even fascism.
The term stakeholders is a much more accurate description of how the profits of a public company should be...
Laissez-faire Capitalism works great for the ultra wealthy, for everyone else not so much... Remember the saying: Capitalism defeated communism and now it has democracy on the ropes...
The top 10% of households by wealth as a group, held 77% of total household wealth.
The bottom 50% of...
I have done the Dalton twice, both times on a motorcycle. The calcium chloride that they use to control dust and make the road like snot when it rains, trashes everything that it touches, your equipment is never the same, But hey I went back for a 2nd time.
When I was there in 2019 the Arctic...
Particularly if the dash and radio were designed for robotic assembly and not human assembly...
The DaVinci robotic surgery system is amazing and extraordinarily accurate. There are others as well...
As an aside, AI medical diagnostics are already exceeding the accuracy of meat space...
In actuality the two scenarios are directly comparable because we are not comparing production methodology. What we are discussing is how many hours per day is someone actually productive, how many days per week until mistakes are made. Compensating people enough to purchase your product, and...
Exactly, as products are designed to be produced via automated processes, there will only be a handful of people in a production facility, primarily to watch over the equipment. Eventually UBI will be required...
What is shocking to me is the vitriol directed at people simply trying to get a...
Yup, I do understand that, they want a 4/8 arrangement. I suspect that is just a negotiating point. But a 4 day work week does deliver higher profits and more satisfied employees... But a 4/8 is a non starter.
It saddens me that folks are so out of touch on what is really going on around the world and in the US.
1. Laissez-faire Capitalism has never worked and never will work (other than for the top 1%). Controls (unions act as a control) must be put in place or you end up with two classes the...
The other interesting piece of that discussion is that we will top out at a global population of about 10 billion and then start a precipitous drop from there...
Medicare/Medicaid/SS are all based on the premise that we have a relatively small older population and a much larger group of workers to drive the economy and to support the small group of older people. This worked great when the average birth rate per woman was between 4 and 5 children.
As...
That and crappy vehicles that no one wanted...
Another example of privatizing the gains and socializing the losses, if one is truly a supporter of free market capitalism, we should have let them go under and let them market sort it out. But apparently they were too big to fail...
Ps. I...