215 karma · joined November 7, 2022
But its been 150 years and none of that is true, we're still getting better at doing things, and human appetite for consumption hasn't really slowed down. Some part of that is hierarchical, some people just want to be better than others and so their consumption is relative. This is where a lot of artificial scarcity is manufactured. But we still continue to solve very real problems, much of which is fueled by a capitalism.
If you respond with: well unions fought for it:
I'd say, that's partially true, but it wouldve only been possible if production efficiency grew, which it has been continuously over the past 300 years... because capitalism is the strongest driver of technological innovation.
Secondly, this whole thing about artificial demand is bunk because you aren't forced to consume it in the first place. You are free to live the life of a 19th century man, and you really don't have to work very hard for it, because producing 19th century level goods is very very cheap.
1. Lower level managers usually find out them at the same time as IC's 2. Managers and directors can be part of the layoffs. 3. If a manager/director is part of the layoff, they are even less likely to be consulted in the process.
FTX firm headed by SBF collapses after failing to process user withdrawals. Mismanaged funds and risky trades are to blame. Victims and prominent figures within the crytposphere allege fraud.
Funny how when it comes to most stories, "Business is killing babies... says person (random person on twitter)" is good enough.
If you want to compare tone, you can look up any NYT article on FB https://www.nytimes.com/topic/company/facebook-inc.
If you want something specific to compare, just take a look at the headline/subtitle which about as far as most people get in any article.