Viewing profile — Decathect

I'm really curious what your point is, since the willingness of capital markets to extend financing seems like it'd be very related to a company's capital structure and leverage. L…

First, I don't think the rich are cartoonishly evil, Machiavellian, or even particularly interesting. It doesn't take superhuman skill or sociopathy to live off other people's labo…

Wealth is accruing to people with power and capital. The people who produce automations are laborers like the rest of society, just with a temporarily elevated standard of living. …

Inherited wealth gives you an unearned advantage. Therefore, on average for any given slice of society, the least talented members will be the children of privilege. The more money…

I mean, all those positive changes happened in an ostensibly democratic system and were later ratified by it. They just didn’t happen because ‘moderates’ were convinced by logical …

I think you missed my point: all those things can be tools for accomplishing a just society, but they are not sufficient or an end in themselves. Slavery was ended by war. Labor ri…

The First Amendment didn’t prevent our genocide of native peoples. Democracy didn’t prevent 100 years of slavery. ‘The marketplace of ideas’ didn’t keep us from torturing people to…

Amazon famously avoids turning a profit and yet its CEO is the richest person in the world. Its market cap divided evenly among its half million full and part time workers would ma…

If everyone was paid exactly the value they added GDP per worker would be the average wage, with no caveats required. Equal productivity would just mean the average and median wage…

Intermediate goods are explicitly excluded from GDP calculations and resale of finished products only increases GDP by the value added amount. In your scenario GDP would be $2. Reg…

There's many examples of people who have survived cancer and lived another decade, even five decades. I highly doubt they’d spread the advice that having cancer is a hopeless disea…

It’s because the problem is the existence of the system, not that the instigating companies haven’t learned or cared to learn how to obscure the unjust advantage they are buying.

Those aren’t exclusive attributes, either colloquially or legally. As a renter you have a variety of rights (including to “quiet enjoyment” of the property) that prevent, for examp…

They died in the accident, leaving behind a critically injured spouse and their kids. The medical bills for any one of the surviving parties dwarf the net assets of the deceased. W…

One of the provisions of Obamacare was a cap on the administrative costs of insurance companies at 20% of premiums, with any excess returned to the purchaser as a rebate. The first…

It's an arms race. The ideal position is a. spend as little as possible and b. outspend your opponent. This inevitably results in spiraling escalation that harms both parties. The …

Free markets are only efficient if consumers act rationally. In addition to being unethical, manipulative marketing is bad for the economy. It's in everyone's long term interest to…