Sweden GDP is roughly equal to Tesla market cap. It's a fair fight.
Sweden has jet fighters, Musk has a flamethrower. Not fair
Swedish dockworkers are refusing to unload Teslas at ports in broad boycott move
101–110 of 230 posts
Re: Swedish dockworkers are refusing to unload Teslas at ports in broad boycott move
#102Earlier quoted context omitted.
Not insulting people that disagree with you and need the work is a good reason. Even as a frenchmen, I don't think strikes are sacred.
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> They steal their livelyhood, it's not a misunderstanding. Should not be legal anywhere.
If you're no longer working your job, it's no longer your livelihood. That's your right of course, but you don't own a job anymore than the company owns you.
Re: Swedish dockworkers are refusing to unload Teslas at ports in broad boycott move
#103Re: Swedish dockworkers are refusing to unload Teslas at ports in broad boycott move
#104Earlier quoted context omitted.
> Not if you signed a contract declaring that you will show up. Yes, even then. A contract violation is not a violation of law. My question is about it being illegal.
> A contract violation is not a violation of law. False; contract law is, as the name suggests, law, and there are legally established remedies for violations.
I think we may be running into the weeds of pedantry here, but here goes...
(Speaking about how things are in the US. I don't know how they are elsewhere.)
Contract law is about how to interpret and adjudicate contracts when there is a dispute between the parties in the contract.
Nothing about that means that violating a contract, in and of itself, is illegal. You aren't going to suffer any criminal penalties for failing to adhere to your contractual obligations.
What you may do is suffer whatever penalties that the contract specifies will happen if the contract is violated, and the legal system is also geared to work out and enforce such things. But that's a world apart from the notion that violating a contract is "illegal".
Re: Swedish dockworkers are refusing to unload Teslas at ports in broad boycott move
#105Earlier quoted context omitted.
Not insulting people that disagree with you and need the work is a good reason. Even as a frenchmen, I don't think strikes are sacred.
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That's the same thing as scab, reframing an attidude that is a sane disagreement and need as a crime.
You don't have to agree with any political movement out there.
And the strike is a right. A job is not. You already can't be fired for striking which is huge.
Wanting other people that have no dog in this fight to accomodate you doesn't seem reasonable.
And framing that the way you do is more virtue signaling and pandering than debating.
Re: Swedish dockworkers are refusing to unload Teslas at ports in broad boycott move
#106Earlier quoted context omitted.
That solution doesn't work in practice because a nontrivial number of those workers are perfectly willing to exploit others for their own personal gain. Turns out people have flaws. Unions are the best compromise anyone's found between capital and labor.
Is there evidence of this happening in existing worker-owned cooperatives?
During early 90-s, after USSR collapse, many factories in Russia have been privatized, and shares distributed among workers.
Guess who of the workers became rich and who stayed poor?
Re: Swedish dockworkers are refusing to unload Teslas at ports in broad boycott move
#107Earlier quoted context omitted.
This illustrates how ridiculously overvalued Tesla is.
I disagree, it illustrates the current betting market. It doesn't have to do anything with the company as long as the company isn't striken off the market.
I think you say the same thing as I do: the current betting market (company valuation) seems to be a bit out of touch with reality (company's actual value, that is something along the lines: assets - liabilities + expected revenue*time)
Re: Swedish dockworkers are refusing to unload Teslas at ports in broad boycott move
#108Earlier quoted context omitted.
Market cap is not that at all, that's why Twitter's market cap was 44B and now undefined because its not on the market. Market cap is the price of the last share trade times total number of shares. Company's current performance and prospects don't really change that much from day to day but you can have large market cap changes because what you are observing is just live betting.
> what you are observing is just live betting Yes, and those bets are guesses on how much the company will return as the poster you responded to said.
Nope, each buyer has its own motivations. People usually sell when the price increase to their liking in the casino. Shares are traded all the time, not just on the days of dividend payments day. Tesla so far never paid dividends anyway. Maybe there are people who bought shares and don't trade them and wait for a payout, but if you look at the volumes traded you can easily see that they are a very small minority.
Re: Swedish dockworkers are refusing to unload Teslas at ports in broad boycott move
#109Re: Swedish dockworkers are refusing to unload Teslas at ports in broad boycott move
#110Meanwhile, statement from the Union: https://www.arbetaren.se/2023/11/13/if-metall-strejkkassan-r... "Our strike fund is enough to keep this up for 500 years."
On one hand, that is epic. On the other hand, it means the union has leached a monumental amount of capital out of the workers and industries they are involved with. A union should not have that much cash in the bank.
> leached
We should use this term more often against the corporations exploiting the workers.
I am somewhat ambivalent towards unions - they can sometimes be a blessing or a curse to the workers. It really needs some regulation to ensure they serve the workers rather than serving the ones willing to play union politics.
But I am not at all ambivalent on corporations. Their only mandate is profit, and they will exploit (i.e.: leech from) workers as much as they can. It's their mandate, the very thing they exist to do.