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Joined 3 years ago
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Cake day: June 15th, 2023

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  • This seems like an organized propaganda campaign to simply disrupt and people are falling for it.

    It’s likely not fake but Russia and China have official policies for spreading firehose of falsehoods whenever anything happens. They don’t even have to invent anything just amplify enough for grifters and memers to take off from there.

    We are so fucked and people have just given up on finding reality sadly.

    Even journalists are losing it. 60 minutes doing interview immediately without any research or preparation or time for story to develop is peak nail in the coffin for our information landscape. It’s literally the slow journalist group and they couldn’t slow down. We didn’t even need AI.






  • To be fair, the kind of capitalism you’re talking about is/would be heavily regulated

    Any system ought to be. There’s no system that you can just let loose and have it self correct for itself, that’s a fairy-level of a delusion. People are very smart and will always figure out how to game a system.

    In other words, a non-intelligent system will always be conquered by an intelligent participant, always.

    Where capitalism extremists do delude themselves here is that “capitalism can be a sufficiently intelligent system” (the invisible hand) if it defers intelligence to game-theory level competition: because we all check ourselves we end up low-key giving intelligence to the system. Unfortunately this is just impossible to stabilize without unified borg-like society where everyone plays under this unified system but it also doesn’t mean there isn’t value of introducing some intelligence to the markets under intelligent supervision.



  • Dumping is the natural end of overproduction or under consumption

    This doesn’t make sense in this context of dumping. It’s intentional overproduction for market capture not some inbalance in the market.

    It’s also a tool to secure new markets. Capitalists employ it to get new customers and minimize losses. That’s why Walmart exists in small towns and why previous season’s stock goes on sale.

    This is fundamentally opposite of capitalism, in fact as I said in the original comment market capture is inheritly anti-capitalist. Walmart, China etc. use abuse of power for an unnatural capture of markets. This is closer to authoritaniasm than capitalism.

    Most capitalism haters fundamentally misunderstand what they’re hating it for. It’s valid to hate capitalism for it’s insufficiencies (it can be gamed and needs intervention) but it’s silly to attribute everything to some magical all powerful capitalism in the sky - this just reeks of low brow scare tactics like the red-scare.


  • We are not in “capitalist society” that’s a bit of an immature take as we have many ideologies and systems at play. We should identify weaknesses of all systems and use a buffet style policy making not subscribe to religion of specific rule. There are many great things in capitalism, there are many great things in controlled markets, there are even some great things in authoritarianism (i.e. wartime readiness).

    Personally I don’t believe system design is all that important — it’s human virtue that drives all of this. A sufficently virtuous society would thrive under any policy framework as it would be capable of identifying faults and self correcting towards a more balanced interpretation and enforcement of any rule.