[flagged]
America's advanced manufacturing problem and how to fix it
241–250 of 313 posts
Re: America's advanced manufacturing problem and how to fix it
#242Earlier quoted context omitted.
This explanation doesn't quite convince me, because if this really were the primary issue, USA could have globalized its consumer base not just for low quality products and pop culture, but high quality development. I think the root problem is political: recognizing that USA's extraordinarily successful mid-century economic model was the result of a compromise by the ruling capitalists to avoid facing a European-styl…
The US economic model has been quite successful recently as well. https://ourworldindata.org/grapher/daily-median-income?tab=t... As of ~2019, the US had the world's 4th highest median income, even adjusted for cost of living -- easily the highest median income of any large country. And the median income in the United States has been growing rapidly. Sort the table by "Absolute Change" and you'll see that in absolute…
[flagged]
Re: America's advanced manufacturing problem and how to fix it
#243Re: America's advanced manufacturing problem and how to fix it
#244Re: America's advanced manufacturing problem and how to fix it
#245Earlier quoted context omitted.
> Markets that are less efficient in that task hurt long-term retirement investors and day-traders alike. On some level this is true, but the insane quantities being siphoned out of the economy through the financial system is wildly disproportionate to the increasingly-infinitesimal gains in “price efficiency”. As a long-term investor in the market as a whole, whether Apple’s true per-share value today is 175.01 and…
The money is not siphoned out of the economy (unless it all leaves the US/World). The money made in finance is just as any other money, i.e., it is used to consume, invest, save etc. Btw., no-one is forced to trade incessantly, either.
The money technically being “in the economy” is cold comfort to the workers whose COL has steadily increased while wages have remained flat.
Re: America's advanced manufacturing problem and how to fix it
#246Earlier quoted context omitted.
CEOs are employed by the board, the board is made of major stockholders, those are pensions funds and other investors mainly interested in stock prices. No need for conspiracy theories or pitchfork waving, it's just all working exactly how it's openly designed to.
If you were a major shareholder in a company, would you favor a CEO who ran it into the ground?
If I am a major shareholder, I would prefer a quick profit because I can then invest it somewhere else and have higher overall profits.
Re: America's advanced manufacturing problem and how to fix it
#247Earlier quoted context omitted.
A financial transaction tax is a terrible idea. I own a 100 shares of Apple. Tim Cook goes on CNBC and says he’s all in on printers. So I want to sell my Apple shares and buy Microsoft, where Satya Nadella is pushing Cloud and AI. I’m being a smart investor, moving a small bit of capital allocation intelligently. Taxing this decision discourages making it—even if only marginally—and makes capital markets dumber and l…
> I own 100 shares of Apple… Tim Cook goes on CNBC and says he’s all in on printers. So I want to sell my Apple shares and buy Microsoft. I’m being a smart investor. No, you’re being a schmuck. The market moved on that information well before you saw it on the news, loaded up your web browser, and executed the transaction. Time and time and time again it has been demonstrated that actively trading is negatively corre…
> The market moved on that information well before you saw it on the news, loaded up your web browser, and executed the transaction.
Sounds like insider trading to me.
Re: America's advanced manufacturing problem and how to fix it
#248Earlier quoted context omitted.
> I own 100 shares of Apple… Tim Cook goes on CNBC and says he’s all in on printers. So I want to sell my Apple shares and buy Microsoft. I’m being a smart investor. No, you’re being a schmuck. The market moved on that information well before you saw it on the news, loaded up your web browser, and executed the transaction. Time and time and time again it has been demonstrated that actively trading is negatively corre…
> The market moved on that information well before you saw it on the news, loaded up your web browser, and executed the transaction. Sounds like insider trading to me.
So for starters, insider trading exists and while it would be great to live in a world where it doesn’t, we live in this world where it certainly does.
Second, even in a magical world where this doesn’t happen, institutional investors have literal teams of analysts working for them. They have bots responding to news reports and public filings, and the lowest latency possible connections to trading platforms.
You have none of this.
Re: America's advanced manufacturing problem and how to fix it
#249Earlier quoted context omitted.
Ah yes, Communism! So successful at delivering productive happy societies that they needed walls around their countries to keep people in. Great idea.
Sorry, was a 1/2 hearted attempt at a joke about his pamphlet titled "What is to be done?", similar to the wording used in parents comment. No need to alert the inquisition here just yet.
Probably Chernyshevsky can spin a bit better, Lenin seems a bit tied down.
Re: America's advanced manufacturing problem and how to fix it
#250Earlier quoted context omitted.
So place a limit order.
Do you also preach everyone to learn self-defense when they propose making mugging illegal? No, in the best world we do both.
Clicking radio button on a website is not at all comparable to learning self defense.
Also, front running is already illegal.