401–410 of 413 posts
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You can if you know both Bob and Steve because you are their manager...
> You can if you know both Bob and Steve because you are their manager Apollo involved almost half a million people. You cannot manage that on gut feel.
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"Everyone" meaning "everyone as a whole", not absolutely every individual. If there's more than one grocery store, I probably get better prices. (Or, negatively, if there's only one then I probably get worse prices.) And so with every other aspect of the economy.
So, if competition is supposed to fix other aspects of the economy, why is healthcare disproportionately high compared to other things? There are several hospitals around me. Endless amount of doctor offices. There are several health insurance companies I can choose from. There is competition. Yet, prices are not affordable for most.
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So, if competition is supposed to fix other aspects of the economy, why is healthcare disproportionately high compared to other things? There are several hospitals around me. Endless amount of doctor offices. There are several health insurance companies I can choose from. There is competition. Yet, prices are not affordable for most.
It's not fair competition, healthcare is full of players competing with each other in a highly regulated marketplace. The system has been set up in a way (generally with good intentions, you want doctors to have expensive malpractice insurance for example) that no matter who is providing the services, the costs to the end user are going to be high.
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New Orleans is one of the greatest cities in the world and definitely has access to experienced welders, this argument makes no sense to me.
There have to be a lot of welders in that region due to the oil and gas and heavy industry. If there aren't enough welders there I don't know what area would have enough. As others have said, maybe they're not paying them enough?
Meanwhile bog standard pipe welding often pays better and the jobs are easier to get with far fewer requirements.
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Collins Aerospace is offering $19/hr for third shift welding work on aircraft. It was referred to me by someone in the labor community, and I spoke with HR under the guise of a prospective candidate to confirm. They do $26B/year in revenue.
This should be a top level comment - it kind of reinforces the point of the whole article. I understand that 15/hr is the (planned) US minimum wage?
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Fair competition drives out inefficient players, and generally can keep costs down for consumers. That's what it means, it doesn't literally mean every single person will profit, but competition makes for healthier markets than lack thereof.
So, competition benefits consumers, which are a subset of society. Say that instead.
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My undergrad is in finance. IMO the problem is that we don't really teach what wealth is as Adam Smith defined it. A wealthy nation is not the one with the greatest stockpile of gold, but the one with the most quality goods and services easily available to its average citizens (I'm paraphrasing a bit, but you understand). Smith really stresses that profit is a measurement of the good provided to society by an activit…
War is profitable in capitalism, because the dogma is that capital is productive and must net a positive return. In the underutilized capital scenario, idle capital incurs costs, but no benefits. It must be destroyed. The easiest way to maintain the facade is to send the capital to war. If you acquire new land, congratulations, the "investment" paid off. If it doesn't, then the destruction of capital at least maintai…
The process of repairing Europe costed a lot. Not to mention paying back the land-lease!
So yeah huge money sink for everyone who are on a continent the war is on. And profitable for leasers because everyone actively at war is kinda forced to take the deal.
What MBAs and Financists destroyed so far: - Western Industry. - The blue-collar middle class - The Middle Class - Our health care system - Our education - Western Economic Leadership. - Social Mobility Now they are busy destroying western technology, science and innovation on their never-ending selfish wealth-extraction quest. They convinced us that our homes are investments, so they can fleece us with their usurary…
It's an extortionist scheme. Every additional industry or vertical is not only proof that capitalism continues to provide "value" and move society forward, but it makes more millionaires and inflates our GDP. Currency wants everything to be traded with currency. Healthcare, water, land, sex, breathable air.
Also, this ultimately benefits the Fed and other massive financial institutions. If they get together and decide policy, they can do almost whatever they want. Then that small cabal of people can scheme with the government or military to exert control. This is mostly extra-democratic.
We'd have to switch out our entire government with un-bribable ethically driven heroes in order to even put a dent in this system.
In truth we are playing pretend with democracy. Like a little game for the peasants to play pretend. While economic and military policy is decided outside of that system.
Every inch financiers can gain, is another system under the control of economic fascists.
And to claim that it is dictated in some way by profit or merit is laughable. It is only dictated by those things when they want it to be. Another game.