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The elite's war on remote work has nothing to do with productivity

okdoomer.io

351–360 of 371 posts

Re: The elite's war on remote work has nothing to do with productivity

#351
post #328

Earlier quoted context omitted.

I don't know that is a great definition any more. A straightforward implication is that China is capitalist. Which isn't necessarily wrong , but rather demonstrates that it's focused on yesterday's arguments. Meanwhile I'd say most critics of "late stage capitalism" aren't bemoaning the private ownership aspect itself. Rather they're criticizing the wealth concentration, industry consolidation, and government corrupt…

> A straightforward implication is that China is capitalist. Which isn't necessarily wrong But it is wrong. The Chinese government has demonstrated repeatedly that they are the de facto owners of, effectively, all of the wealth in the country. Meaningful ownership isn't a legal status, it's the power to do... well... whatever you want with the thing in question. Which I suppose puts ownership (and thus also capitalis…

> The Chinese government has demonstrated repeatedly that they are the de facto owners of, effectively, all of the wealth in the country... Which I suppose puts ownership (and thus also capitalism) on a spectrum and makes it all messy, but all real life things are messy.

There is plenty of this messiness in the US as well. Which puts the judgement solidly in "I know it when I see it" territory, leaving that definition pretty useless. This is also bordering on giving capitalism credit for the rule of law.

( considering China as capitalist would seem to make for more productive analysis. We can then start criticizing things we don't like about their system within the context of capitalism, rather than othering it and pretending we can't have similar problems )

> But equating [corruption] to capitalism itself is roughly as lazy as the old boomers who think that socialism is when the government does anything.

I'm not drawing this connection lazily in general, but rather due to specific forms of corruption that seem like "private" ownership run amok and are thus reasonable to pin on capitalism itself. I already mentioned imaginary property, which is a form of ownership/capital invented out of whole cloth, under the idea that its better to have more forms of ownership rather than unowned commons. But rather than stopping at creating the general concept, we get things like the DMCA that privilege large accumulators of capital over distributed individual ownership.

There are also our overfinancialized money markets, which have paperclip maximized their way to creating financial assets from of any future rent stream they can. This is backed up by governmental help from the federal reserve supplying an endless stream of money for creating said financial instruments, such that the first-order asset ownership of most of society hardly matters in the larger economic picture.

And I haven't even touched upon "private" entities themselves promulgating paradigms that reject the concept of private ownership (eg "trusted" computing, SaaS/platform sharecropping). Those seem solidly in the realm of capitalism trumping/abhorring free markets and freedom in general.

In a different context I can see myself arguing that these things aren't "true" capitalism (the centralized vs distributed distinction I made elsewhere), and if only the government held truer to the concept of private ownership we'd be in a better spot. But I'm also sympathetic to the argument that mass accumulations of capital will inevitably change the rules of the game to benefit themselves, despite those changes going against other people's private ownership interests. In a way it seems that corrupt legislation and precedents are themselves forms of capital that have been invested in because they facilitate rent streams, at the direct expense of our distributed societal freedom.

The general thrust of my critique is why should we put the philosophical focus on capital itself defaulting to the label of "capitalism"? Why not private property, free markets, the rule of law, personal freedom, etc? It feels like a propaganda push from large centralized capital holders to privilege themselves over those other ideals.

Re: The elite's war on remote work has nothing to do with productivity

#352

Earlier quoted context omitted.

Are the Libertarians and the republicans the same party?

Lot of crossover. Libertarians typically don't get a candidate into the election, so they end up voting Republican. In the Venn Diagram, Libertarians are a sub-set of Republicans. Republican views are also administration dependent. If there is a Democratic President then Republicans think government is evil, socialist and place a high value on reducing the debt, reducing the size of government. But if a Republican is…

Seems not that relevant to the subject.

Re: The elite's war on remote work has nothing to do with productivity

#353
post #348

Earlier quoted context omitted.

China hasn't had a famine since 1962, just after the great leap forward and not too long after the US dust bowl.

Which is an excellent example. Comparing absolute numbers isn't fair to China, but look at the percentage of the population that starved in each country during those relative time periods.

I just don't think any of that is related to the economic system. It's pretty clearly the result of China having a lot more subsistence farmers when they industrialized.

Re: The elite's war on remote work has nothing to do with productivity

#354

Earlier quoted context omitted.

Generally apart from break clauses (usually midway through a lease) companies are liable for the full lease cost and can't give early notice for termination. In accounting terms, leases according to IFRS 16 are recognized as a lease liability and a contra right of use asset for the full term of the lease. I'm not 100% certain on the rationale of an impairment (as it could be construed as no longer useful) but if thes…

Won't they just do whatever is most profitable? If continuing to pay even if you aren't using the estate is more profitable that's what they will do - they can still let employees work from home; would save on the air conditioning and lighting bill.

Yeah, it's not so much the lease liability that's the issue. It's the right of use asset that was recognized. It's a book loss, not impacting actual cash flow.

https://assets.kpmg.com/content/dam/kpmg/xx/pdf/2021/07/impa...

Re: The elite's war on remote work has nothing to do with productivity

#355
post #347

Earlier quoted context omitted.

That's completely untrue for Rome, and barely true at all for France in those days. Roman landowners did not own their land by stealing it from other citizens with large armies. They owned their land by either receiving it from the state as payment, or by buying it. The Roman state had a definite monopoly on violence. In fact, when people commanded armies to take power in Rome, what they were trying to do was to take…

> The Roman state very very much had a monopoly on violence and roman agricultural tenants very very much were renting the landlords privately owned means of production. I call BS here. The Romans basically never had this. During the Republic, you had literal private armies. And once you get past the Diocletian reforms, the large land owners have enough arms to shield locals from Roman military service. Generally in…

> I call BS here. The Romans basically never had this. During the Republic, you had literal private armies

If you can't recognize that the Roman state had a monopoly on violence for the vast majority of its duration I can't help you. Obviously, it got weaker during its terminal decline - that's how state decline works. As soon as the monopoly of violence weakened the Empire started imploding, and indeed when it was healthy the state did enjoy it's monopoly.

The bucellarii, the private armies which were able to rival the Roman state, only became a thing in the late 300s. Rome fell only a hundred years later. For the vast majority of Roman history armies belonged to the State, and any mercenary formations were negligible - the regime you're describing was due to the Empire crumbling and is indeed what led to feudalism.

> The type of modern state (or even the concept) we're used to doesn't really emerge until the treaty of Westphalia.

Westphalia formalized the modern Eufopean state. But there were a great many similar states before, with a monopoly on violence, a defined political system, since ~4000BC. They just didn't bother formalizing what being a state meant.

> No, it doesn't. Of course it isn't magic. It just provides an incentive for people to improve things, usually via new technology.

Technology maybe, and only in the most basic sense, and Rome is the example. In 1100 years of Roman history, not a single basic scientific discovery was made, because it was completely unprofitable. Technology advanced, yes, but soon enough it was limited by the extremely primitive scientific understanding they had, so they barely made any progress for hundreds of years.

> Incentives are surprisingly powerful.

Practical technological is incentivized in every political economy.

Incentives are surprisingly powerful.

Re: The elite's war on remote work has nothing to do with productivity

#356

Earlier quoted context omitted.

People want to see “the elites” as one homogeneous cabal out to protect themselves at the expense of the little guy. In reality, it’s a bunch of self-interested individuals whose incentives don’t overlap here. The companies using office space have no reason to waste money helping out their landlords, and would much rather profit by screwing them over. As you say, this theory does not make much sense.

Makes sense because rich business owners helping other rich people is a thing. These are not landlords, they are big companies.

Rich people are not helping each other for the fun of it. If their incentives don't align they won't just shoot each other some cash.

Re: The elite's war on remote work has nothing to do with productivity

#357
post #337

Earlier quoted context omitted.

Not key, but they synergize very well with capitalism. Having a class of people you can freely exploit drives down wages, makes many otherwise unviable jobs viable, is politically useful in a myriad of manners as wedge issues, cudgels, and distractions. Meanwhile, the invisible hand of the market can be used to legitimize any difference in standard of living, healthcare, and can even be used to practically deny legal…

How can that be, when the most "anti-racism" obsessed country in the world is the USA which is also the most capitalist, and China/North Korea strongly restrict immigration and China even runs concentration camps for the Uighur? It seems like the opposite. The most capitalist places are the ones who spend all day stressing about the right way to capitalize the word black.

Are you forgetting the 200 years for which the USA was also the most capitalist country and legally enforced racism?

Just because there is a lot of noise being made about anti-racism in the US doesn't mean it's the most progressive country in the world. It just means that a lot of noise is being made there.

Re: The elite's war on remote work has nothing to do with productivity

#358

The politics of entitlement plays large in cities. The LIRR thinks that commuters exist to fund the LIRR, not that they exist to serve commuters. (Sometimes that seems true about public transit everywhere. Similar changing the psychology of this could be transformational.) I remember a state assemblywomen from Queens who thought that, to protect jobs, NY state should subsidize off track betting , not even the racetra…

The politics of entitlement plays large everywhere in this country. Trumpism is a movement largely based around entitlement. Rural people who believe they're the "true americans" tend to demand the most relative to how much they put in.

Re: The elite's war on remote work has nothing to do with productivity

#359

Earlier quoted context omitted.

Lot of crossover. Libertarians typically don't get a candidate into the election, so they end up voting Republican. In the Venn Diagram, Libertarians are a sub-set of Republicans. Republican views are also administration dependent. If there is a Democratic President then Republicans think government is evil, socialist and place a high value on reducing the debt, reducing the size of government. But if a Republican is…

Seems not that relevant to the subject.

You asked? So it was relevant as an answer to the question.

But, agree, not relevant to the original story. Just a little.

The original story was about 'elites'. In the US, any conversation on that subject gets wrapped up in different opinions on who the 'elite's are, and if they are Socialist. One side thinks the 'elite's are Socialist, the other side think the 'elite's are corporate CEO's.

This thread digressed to the discussion of Socialism (not the academic definition), and I was just following along with that tangent.

Re: The elite's war on remote work has nothing to do with productivity

#360
post #321

Earlier quoted context omitted.

The only way in which she anything she said could be consistent with mine is if she used the term "the elites" to mean very specifically "CRE investors." This is a definition she never once even implied, let alone stated.

The entire article implied it. It is literally the subject of the article. From the article: >"It’s about real estate" >"Corporate landlords currently hold $1.2 trillion in loans on office towers all over the country" It is being a bit pedantic to argue around what a 'CRE Investor' IS. Who 'owns' versus who has a 'lease' since the 'lease' is still a debt obligation. And you don't have to be specifically a 'CRE Invest…

If you think statements like "It’s about real estate" are somehow a redefinition of a different term ("the elites") used elsewhere in the document to make it mean something no one else in the world thinks it means, then we have no business even talking to each other. Your opinion of how reading works is so different from mine that it results in us living in two different worlds. I'm sure I'm right when I say this college professor knows how to communicate clearly, and if she had intended for "the elites" to mean "a small subset of elites who have large interest in CRE prices," that she would have found a clearer term, instead of a Marxist-charged one like "the elites," most often used for the purpose of throwing shit in the fan of corporate America, rather than arguing genuine points.
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