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submitted 2 years ago by Cleverdawny@lemm.ee to c/memes@lemmy.ml
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[-] vsis@feddit.cl 68 points 2 years ago

...until the central committee decides that more coal miners are required.

[-] HiddenLayer5@lemmy.ml 25 points 2 years ago

You say that like it's worse than the current capitalist epidemic of giga corporations pushing independent farmers out of the market to the point of leaving them jobless and forced to sell their farm to them for cheap.

[-] ThePenitentOne@discuss.online 7 points 2 years ago

But it's different when a monopoly/oligopoly does it! Surely... The difference here really is that there is no incentive to decide more coal miners are required, whereas our shitty version of capitalism absolutely pushes for companies to fuck over competitors any way possible. It makes it near impossible for small businesses to stand up to established ones with all the resources.

[-] huge_clock@lemmy.world -4 points 2 years ago

“Fuck over competitors” or “be more competitive”? Competition is an important feature of capitalism that has lead capitalist countries to the highest standards of living in the world.

[-] zbyte64@lemmy.blahaj.zone 6 points 2 years ago

What kind of competition though? Competing over how little I pay my workers might temporarily boost the standard of living in my own country if I offshore labor, but it seems to turn the standard of living into a ponzi scheme. Where one needs to continually find a cheaper source of labor to maintain the quality of life.

[-] huge_clock@lemmy.world 0 points 2 years ago

Employers compete for labourers, so they have to raise wages to attract employers in tight labour markets. Offshoring has been going on for decades but it’s slowing down as developing countries are becoming more wealthy (ie: China)

[-] zbyte64@lemmy.blahaj.zone 5 points 2 years ago* (last edited 2 years ago)

Right now the UAW is going on strike for those higher wages. CEO of Ford says those wages will bankrupt them. Is he telling the truth?

[-] Shyfer@ttrpg.network 4 points 2 years ago

Not to mention that the whole idea behind the Fed raising interest rates and "cooling off the economy" is to raise unemployment, lower employee bargaining power, and therefore keep wages low.

[-] wraithdrone@feddit.de 3 points 2 years ago

Well someone has to dig the tunnel beneath the reactor core...

[-] JustMy2c@lemm.ee 1 points 2 years ago

For the good of the many, we decided to sacrifice a few percent each year.

In comes compound interest...

😬

this post was submitted on 14 Sep 2023
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