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Texas power crisis revealed flaw in market’s design

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Re: Texas power crisis revealed flaw in market’s design

#241
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Earlier quoted context omitted.

> They're the same tyranny, no? It's much easier to replace local politicians or constrain/require local government action via the courts than it is to do the same to an HOA, isn't it? In either case, you can vote with your feet, but I prefer being able to vote with a ballot

Do the courts show up less for HOAs because owners sign arbitration clauses? I don't otherwise see why the courts should be less relevant to HOAs. Well, except no one wants to be the guy suing the neighborhood but somehow suing the government lacks that stigma. But that's peer pressure not courts. I sat on an HOA board as president with no prior experience. Getting involved usually isn't hard. One just has to be will…

> Do the courts show up less for HOAs because owners sign arbitration clauses? I don't otherwise see why the courts should be less relevant to HOAs.

Sometimes arbitration clauses are the cause. More often, it's because a homeowners association is a private, non-governmental entity and the case between the property owner and the HOA is, legally, a contract dispute.

There's an often-brought-out idea that the Constitution, be it state or Federal, only binds the government and not private parties. "Twitter can censor whatever it wants but the Department of the Interior can't," that sort of thing. Governments at all levels have to follow the Constitution and are generally a lot more restricted in what they can do, and the presumption is that people have much more broad rights to push back through the courts.

But with an HOA, many of them have been set up as quasi-governmental bodies, as in they act like governments--some even have the power of condemnation and foreclosure through their position as technically holding a lien over all of the properties in the development--but they have none of the responsibilities of governments. And if a property owner sues, a court is largely limited to looking at the plain language of the contract and the instrumentalities recorded against the parcel and see if those are being followed. (Occasionally there are state laws that deem some contract provisions to be "against public policy" and unenforceable in that state's courts, but states are very reticent to do this for anything other than quick political wins, like overturning prohibitions on flag poles.)

If they are being followed, the court's ruling is "well, you signed it, tough cookies."

Re: Texas power crisis revealed flaw in market’s design

#242

Earlier quoted context omitted.

It's an objective historical fact. The overwhelming majority of ethical and moral progression in human history coincided with the extension of private property rights to more and more of the general population, and retracted when those rights were rescinded. This occurred both because of the recognition of humanity that goes along with granting these rights, and the technological progressions enabled by allowing oppo…

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Re: Texas power crisis revealed flaw in market’s design

#243

Earlier quoted context omitted.

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You're conflating the ideology capitalism uses to justify and maintain itself with its actual material reality. It's not a surprise, considering this ideology (liberalism) is fundamentally idealist and not materialist. Have you actually read Marx or Engels? You'll find a holistic understanding of capitalism and its roots, its upsides and its downsides.

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Re: Texas power crisis revealed flaw in market’s design

#244
post #230

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> No, they did it because they viewed "others" as less than human, or less deserving of dignity and respect, no different than a beast of burden. Slavery predates capitalism by millennia, so viewing others this way clearly doesn't share a causative relationship with capitalism. To contend that capitalism caused slavery is absurd. It's the only economic system in history that resulted in the enduring abolition of slav…

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Re: Texas power crisis revealed flaw in market’s design

#246
post #183

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Yeah, those are called "lies".

It’s amazing to see comments like this on a technology focused website - an industry that has moved leaps and bounds due to competition and free markets. I assume these commenters are either too young to have much life experience or young and idealistic without seeing how the world really works.

The "free" market gets too much credit: the best tech came from monopolies[1]

Android is more "free market" than iOS: network providers and OEMs can extend the source code to their requirements and "compete" to consumers detriment. The consensus on HN seems to be that the centralized planning/walled garden approach of iOS is superior.

1. I'm being intentionally provocative,but hear me out: Unix, the IBM PC, Angular, React, CUDA

Re: Texas power crisis revealed flaw in market’s design

#247

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> considering Marx was a literal man child I must ask. Why, according to you, was he a "literal man child"?

https://news.ycombinator.com/item?id=30275285

Re: Texas power crisis revealed flaw in market’s design

#249

Earlier quoted context omitted.

> considering Marx was a literal man child I must ask. Why, according to you, was he a "literal man child"?

https://news.ycombinator.com/item?id=30275285

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Re: Texas power crisis revealed flaw in market’s design

#250

Not very informative. Both gas & electric markets did payout MASSIVELY to those who had resources because the pricing absolutely exploded by well over 10,000%. The Brazos Electric Co-Op went to bankruptcy court (ongoing) because they ran up a multi-billion dollar bill over the course of the week because they didn't want their fucking customers to freeze to fucking death . If there's such a thing as financial rape, th…

It's almost as if you can prioritise profits, or you can prioritise service delivery, but you can't prioritise both. Health care in the US is no different. It's traditional to call this 'efficiency' and 'freedom.' But perhaps it's more realistic and honest to call it 'grift.'

There is no 'efficiency' nor 'freedom.' in US healthcare.
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