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Joined 1 year ago
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Cake day: June 29th, 2023

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  • Huge companies used to make a lot of stuff back in the golden age of capitalism. General electric was a big chemicals and plastics company for instance. It was just normal.

    Nowadays, those mega-corporations make more money acting as a bank than they do selling stuff. They’ve just kept some product lines rolling because they’re profitable and safe.

    You couldn’t just start a motorcycle company and be competitive against Yamaha. The specific expertise they have took decades to build, so why waste it by closing down those weird branches when they’re still making money.



  • Depends on how you define deliberate. The wealth gap between the super rich and the rest of us is getting bigger and bigger, and a lot of those issues seem related to that.

    “Everyone can enjoy a life of luxurious leisure if the machine-produced [robots] wealth is shared, or most people can end up miserably poor if the machine-owners successfully lobby against wealth redistribution. So far, the trend seems to be toward the second option, with technology driving ever-increasing inequality.” -Stephen Hawking