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Riot Games laying off 11%

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Re: Riot Games laying off 11%

#141

Earlier quoted context omitted.

Why wouldn’t they want to be as profitable as possible? They aren’t a charity.

The vilification of capitalism is so unjustified. Everyone who does it should first listen to Milei’s recent speech [0] and then try to coherently explain which of any of the anti-capitalism policies they support have any empirical evidence to justify them. [0] https://x.com/aphysicist/status/1747868626948907325

I vilify capitalism because it makes kids work in coal mines. Is that unjustified?

Re: Riot Games laying off 11%

#142

Earlier quoted context omitted.

I am amazed by this shameless appropriation of credit for scientific breakthroughs and peddling of a self-congratulating fantasy. Nicola Tesla was a successful capitalist? Isaac Neuton? Leu Paster? What about the guy that invented penicillin? Without capitalists, progress reaches the masses a bit slower. Without scientists, capitalists would still trade sheep, live in huts, and wipe their ass with tree bark.

> I am amazed by this shameless appropriation of credit for scientific breakthroughs and peddling of a self-congratulating fantasy. I am amazed by the shameless disregard for empirical facts and data and hard historical evidence. I’m not shameless the anti-capitalists are. Here is a book you might be interested in: “Envy: A Theory of Social Behavior” by Schoeck That can help explain this very common destructive human…

Here is a hard fact that you seemingly missed - Alexander Fleming was not a capitalist, or a socialist, he invented penicillin for the betterment of human condition and his work was funded by taxpayers.

There are millions of people whose work made the West a great civilisation that it is today, who did not pursuit profit, many of them through self-sacrifice.

This propensity to claim credit for their work is morally corrupt. That’s outrageous and shameless.

It’s the same ideology that allowed boss of United Carbide to shelter in US from justice after killing 10,000 people Bhopal

Re: Riot Games laying off 11%

#143
post #141

Earlier quoted context omitted.

The vilification of capitalism is so unjustified. Everyone who does it should first listen to Milei’s recent speech [0] and then try to coherently explain which of any of the anti-capitalism policies they support have any empirical evidence to justify them. [0] https://x.com/aphysicist/status/1747868626948907325

I vilify capitalism because it makes kids work in coal mines. Is that unjustified?

Capitalism didn’t invent child labor, but it did help end it. While socialist regimes like the Soviet Union exploited child labor extensively under the guise of equality, it was the economic growth fueled by capitalism that empowered societies to enact labor reforms. The wealth created by free markets enabled the development of laws that protect workers, proving that capitalism is a solution, not the problem.

Re: Riot Games laying off 11%

#144
post #119

Earlier quoted context omitted.

Definitely sometimes, but my point was simply that whoever is being let loose is taking the downside. It might help their friends who are still employed but they’re feeling the most immediate downsides and likely will not benefit if it does save the business.

What about the millions of customers. Prices all go up then. Sort of goes against the bussiness priorities, most produce for lowest cost.

That doesn’t matter to them anywhere near as much as losing a job does to the people who were laid off, and it’s certainly not the case that prices won’t go up anyway.

Re: Riot Games laying off 11%

#145

Earlier quoted context omitted.

> I am amazed by this shameless appropriation of credit for scientific breakthroughs and peddling of a self-congratulating fantasy. I am amazed by the shameless disregard for empirical facts and data and hard historical evidence. I’m not shameless the anti-capitalists are. Here is a book you might be interested in: “Envy: A Theory of Social Behavior” by Schoeck That can help explain this very common destructive human…

Here is a hard fact that you seemingly missed - Alexander Fleming was not a capitalist, or a socialist, he invented penicillin for the betterment of human condition and his work was funded by taxpayers. There are millions of people whose work made the West a great civilisation that it is today, who did not pursuit profit, many of them through self-sacrifice. This propensity to claim credit for their work is morally c…

Capitalism isn’t about claiming scientists like Tesla or Pasteur were capitalists, but about creating a system where their innovations reach and benefit the masses. For instance, the widespread use of penicillin, a monumental scientific breakthrough, was massively scaled up and distributed thanks to capitalist structures. It’s about turning breakthroughs into real-world solutions that improve lives.

Fleming’s invention of penicillin wasn’t about capitalism or socialism, but how capitalism effectively used his discovery to save millions of lives globally. It’s not about claiming credit, but recognizing the system that best harnesses such innovations for widespread benefit. Regarding corporate responsibility, capitalism doesn’t excuse unethical behavior, as seen in public and legal backlash against such incidents. True capitalism demands accountability, not sheltering the guilty.

Consider the printing press, invented not just for knowledge’s sake, but also driven by Gutenberg’s vision for profit. This invention revolutionized the spread of knowledge, paving the way for scientific progress and the Enlightenment. Just like with penicillin, it’s a prime example of how the pursuit of profit under capitalism can fuel advancements that benefit all of humanity.

The real moral outrage would be ignoring how capitalism has lifted billions out of poverty. It’s not self-congratulatory to acknowledge facts. Capitalism, unlike any other system, has consistently turned innovations into tangible benefits for the masses. Using emotive language like ‘shameless’ or ‘morally corrupt’ doesn’t change these historical truths. It’s about progress and real-world results, not ideological rhetoric.

Re: Riot Games laying off 11%

#146
post #134

Earlier quoted context omitted.

Science is public, everyone can read and learn the results if they want. So why are some countries better off than others? The poor ones could just use the science if they wanted to. The answer is their governing and economic systems, and you are much better off in a capitalist democracy than other kinds of countries.

There are some really insidious undertones of racism in this comment. Geography is a much bigger determinant of national economic well-being than whether or not they want to read about science. And blaming citizens for being born in autocratic countries and not immediately implementing a western democracy is also pretty gross.

Accusing this argument of racism misses the point entirely and shifts the focus from the real issue: the impact of economic systems on national well-being. It’s not about geography or race; it’s about policies and governance. Countries rich in resources have languished under collectivism, while others with few natural resources have thrived with capitalism. This isn’t about blaming citizens; it’s about recognizing that systems matter. And it’s a disservice to the debate to reduce this critical discussion to baseless accusations of racism, rather than confronting the hard truth about the effectiveness of different economic systems.

Re: Riot Games laying off 11%

#147
post #135

Earlier quoted context omitted.

> I am amazed by this shameless appropriation of credit for scientific breakthroughs and peddling of a self-congratulating fantasy. I am amazed by the shameless disregard for empirical facts and data and hard historical evidence. I’m not shameless the anti-capitalists are. Here is a book you might be interested in: “Envy: A Theory of Social Behavior” by Schoeck That can help explain this very common destructive human…

> ethical pursuit of profits. There’s the sticking point. Way too many unethical capitalists, and without strong enforcement mechanisms those bad actors simply concentrate market power and actually break the capitalist system you’re so ready to cream your jeans over. Edit: also after having looked up that book, not sure if some Freudian level psychobabble making sweeping claims about human emotion and motivation is r…

The vulgarity of your language doesn’t mask the weakness of your argument. In capitalism, unlike collectivist systems, the market naturally weeds out those who don’t serve the public good, it’s self-regulating through consumer choice and entrepreneurial competition. Discrediting the entire structure due to a few unethical players is an oversimplification that ignores the successes of capitalism in driving progress and prosperity.

The book delves a lot deeper than Freudian concepts, offering a sociological perspective on how envy drives societal dynamics. He argues that in modern societies, envy often triggers destructive emotions, leading to flawed support for collectivist and socialist ideas based on instinct rather than logical outcomes, understanding how emotional responses like envy generate repetitively failed economic and social policies. Socialism is literally the single most failed idea in history, no other idea has been tried so many times and failed so miserably so many times, the question is why? one definition of insanity in individuals is repeating the same approach and expecting different outcomes! why are we sociologically insane? understanding the evolutionary origins of envy is highly relevant, an emotion that in smaller groups can improve overall performance of the group, motivating aspirations, but in larger groups reverts to destructive actions.

Re: Riot Games laying off 11%

#148

Earlier quoted context omitted.

Riot is offering a minumum of six months of severance. I agree, layoffs are disruptive, but this view that somehow if you get hired the company can't ever decide to let you go is totally bizarre to me. Plus, what you would be essentially arguing is that it would have been better to never have hired these people in the first place, which I strongly disagree with in the vast majority of cases. People need to stop actin…

Maybe those people would have been otherwise hired by employers who prudently didn’t overhire and need to cut afterwards.

I think that's a fair point when you hear stories about people who are hired and then laid off within a couple months (or sooner). Nobody can predict the far future with accuracy, but those kinds of stories usually just point to corporate incompetence and the company usually could have planned better.

But when it comes to cases where economic and business conditions have drastically changed, I don't think it's reasonable that we expect business leaders to have crystal balls for years in the future.

Re: Riot Games laying off 11%

#149

Earlier quoted context omitted.

A more literal interpretation of accountability would mean that they can tell the story, the accounting, of how things happened. Now if they are responsible, maybe they should be liable for consequences

> A more literal interpretation of accountability would mean that they can tell the story, the accounting, of how things happened. That's not a common interpretation in this context, especially the part about responsibility v. accountability. If it helps to understand it in a business process context: https://en.wikipedia.org/wiki/Responsibility_assignment_matr... Often, the entity accountable for an outcome owns the…

Redefinition allows ambiguity. Perfect outcome for this

Re: Riot Games laying off 11%

#150

Earlier quoted context omitted.

> A more literal interpretation of accountability would mean that they can tell the story, the accounting, of how things happened. That's not a common interpretation in this context, especially the part about responsibility v. accountability. If it helps to understand it in a business process context: https://en.wikipedia.org/wiki/Responsibility_assignment_matr... Often, the entity accountable for an outcome owns the…

Redefinition allows ambiguity. Perfect outcome for this

There's no real redefinition here.
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