101–110 of 143 posts
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We let capitalism run too far. Need to swing hard towards socialism or the whole thing will collapse
As pointed out by Rosa Luxemburg, the choices are socialism or barbarism. In the US, barbarism seems to be a far more likely outcome.
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We let capitalism run too far. Need to swing hard towards socialism or the whole thing will collapse
Americans often confuse socialsim for handing out money freely and letting people commit crimes without going to jail, both the left and right, so its this wierd catch 22 going on or something
Looking at the administration, the feudal internet lords and other megacorps, the US is deeply socialist then.
Earlier quoted context omitted.
We let capitalism run too far. Need to swing hard towards socialism or the whole thing will collapse
Americans often confuse socialsim for handing out money freely and letting people commit crimes without going to jail, both the left and right, so its this wierd catch 22 going on or something
Sounds pretty much like Trump and the modern GOP
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The other fundamental problem is the demographic profile in most developed countries. We have aging populations, and proportionally fewer young people to care for them. I'll bet most HN users wouldn't want to work at a retirement home or assisted living facility even if it paid well. My father spent his final years in such a facility and dealing with him was quite difficult for the staff there. This will inevitably c…
The other other fundamental problem is that dealing with elderly people often is difficult and unpleasant and what can you really expect from people who aren't related to them? Daycares and preschools are often very loving places because babies are cute and trigger people's nurturing instincts but that's not true of the elderly.
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I’m sure the new owners are scummy, but the fundamental problem isn’t scummy people. There’s lots of markets that are okay-ish notwithstanding scummy people. Even those with natural lock in effects. The fundamental problem is it is at the intersection of two out of the three areas of the economy that have had insane cost growth over the last 30 years—-housing and healthcare (the third is education.) For the first one…
That's not the fundamental problem. The fundamental problem is that we have ceased demanding that our government produce reasonable outcomes. The reasons for that are many, but it's a core sign of how far we've fallen that there's even a discussion or argument about this obvious fact. We are in charge. We can just ban private equity companies from doing this you know. There didn't used to be ambiguity about the point…
Ideologues love to identify some small group of bad guys that if we only rein in everything will be great.
It’s private equity! It’s health insurance executives! It’s trial lawyers! It’s CNN!
The actual truth is far worse. It’s 100 million homeowners, it’s 20 million healthcare workers, it’s an entire generation too online, etc.
There’s no magic bullets. Propagating the idea that there are is how we end up with garbage legislation and regulations that don’t improve anything.
What people need to start respecting and demanding from their government is competence. The ideologues of every stripe need to go sit in a corner for a decade or three while we build back up working institutions.
I don't understand how PE manages to get debt financing for LBOs? Seems like a big risk for the creditors? If I buy a corp at 10% net margin for 5x ebidta on 80% leverage, i’ve really paid 1x ebidta. then lets say 20% of revenue was going to R/D and stuff that would only pay off in a few years. I cut all R/D so now its at 30% net margin. So I can triple my money every year because it’s now generating profits of 3x my…
Blue Owl sinks as investor withdrawals halted at private credit fund https://seekingalpha.com/news/4523155-blue-owl-sinks-as-inve...
BlackRock fund limits withdrawals as redemptions rattle private credit https://www.reuters.com/business/blackrock-limits-withdrawal...
Is there any benefit that I am missing? (Apart from the money it generates for the investors and the related politicians whose pockets get lined)
Someone needs to create a kind of JSON for care homes, if you will. Something like a super simple spec of what a goddamned care home object is for, and the minimum number of actually fairly-paid full-time staff one needs to achieve that in practice. Then it doesn't matter how many baroque shell companies it takes represent the thing internally. Either the thing can output a response in Care Home Object Notation, or i…
For example, the article blazes past a claim that £550/week/bed was too little to provide good care, but a super simple spec suggests it might be. Subtract the UK average rent of £1367/4 = £342, divide the remaining £208 by a fully-loaded nurse cost of ~£20/hr * 1.3 * 168, and even with no other costs you're left with a completely inadequate 1 hour of nurse time per resident per day. But if Guy Hands had produced a worksheet like this proving that pumping more taxpayer money into his pockets would achieve adequate staffing ratios, would that make even a single person more willing to do it?
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Americans often confuse socialsim for handing out money freely and letting people commit crimes without going to jail, both the left and right, so its this wierd catch 22 going on or something
> and letting people commit crimes without going to jail So US is the most socialist country by far. Both rich and poor commit crimes without going to jail
Every company turns people into ATMs, taking their money for a good or service. It is naive to think that companies do not want people unloading their money and consuming whatever it is the company is offering.
It's every for profit company. No exception. Charities and certain non profits may not count, but most are bad too. How is it even possible that you got down voted for this?