@2bittesla@iam_biglad1 Shifting topic? I did not promote any thing. All I did was asking you to explain how the top rich people hoarding 97% wealth leads to "increase in wealth for all" π€·π»ββοΈ
@2bittesla@iam_biglad1 You are advocating for larger share of ultra rich groups when it is these same exact powerful groups that actively prevents your so-called forensic auditors from doing their job, because again, CAPITAL DICTATES POLICY π€·π»ββοΈ
@2bittesla@iam_biglad1 Nope, billionaires are scared of socialism because it reins them in.
They love capitalism because capital dictates government policy.
And showing off Musk's company as if it's representative of national governance is such false equivalency.
Bro I'm so sick of pretending this isn't weird.
The internet spent 20 years creating tutorials, open-source projects, blog posts & answers for free.
AI companies turned all of it into products worth billions.
And now the same people who created that knowledge are being told they're replaceable.
We built the library.
Someone else started charging admission.
@SmokeyTheCone@WokoAdd@ZIA16132@CameronCorduroy You wasted billions in missiles, replaced the moderate father with a hardliner son, gave them a new leverage, and skyrocketed your own gas and groceries prices, but I'm sure you are much more correct than all the military intelligence π
@PadraicBoyce@pawelwargan Capital does not rise above political power in China, the socialist made sure to keep them in check.
In the West, capital bought off "democratically elected" politicians and dictates policies.
I saw a post on Reddit that said that βThe underlying purpose of AI is to allow wealth to access skill while removing from the skilled the ability to access wealth.β And I donβt think Iβve ever seen AI described so incisively.
It's quite funny that this dude's historic wealth might be the most persuasive blackpilling possible on capitalism, and yet the socialist warriors do not take advantage of the opportunity.
Let me explain. His wealth is fundamentally disconnected from personal merit or direct labor. He is the CEO of three companies and in the C-suite at many others. There is simply no possibility whatsoever that he works the hours expected of such positions and that the little personal labor he dedicates to them represents the the incredible wealth he has extracted from them.
Moreover, there are several, well-documented claims from insiders that they have to handle or buffer his erratic behavior, and that the executives that actually do the work are relieved when he gets hyperfocused on another company and leaves them alone. What work he does when he is hyperfocused consists mostly, according to insiders, as extreme micromanagement. He self-describes himself as a "nano-manager," and his official biographer talks about his hyper-critical "demon mode." There is a pretty reasonable argument to be made that his presence harms these companies, rather than helps them.
This is only boosted by how many expensive, high-profile lawsuits his companies have been embroiled in by his public remarks, nonstop posting, and refusal to abide by financial disclosure deadlines. How he treats his employees and unilaterally fires people without cause also causes employment lawsuits.
Substantively, his companies also benefit from him lying to the market to cause speculation and government subsidies won by quid pro quo behavior that would have, in better times, been considered criminal. Musk causes Tesla and SpaceX to consistently lie about its products, and he is never punished enough to offset the personal benefit he gets from the market or subsidies by such lying.
His wealth is an illusion driven by retail investor enthusiasm based on these lies, market expectations based on his lies and the fact that he has yet to seriously pay for lying, and pay packages approved by boards stacked with flunkies that cannot articulate how he can possibly do enough work as the CEO of three companies and executive of half a dozen others to justify his intensely bloated pay packages. He receives that pay even when his companies are not profitable, which has led to constant shareholder lawsuits.
If there was a poster boy of American Capitalism, it is him. He represents everything wrong with the reality of how the system works, and how lying and anticompetitive behavior is not adequately curbed.
There's no better case for socialism than the world's first trillionaire being a massive loser who cosplays as his mom and baby online and lies about being good at video games in an attempt to give his life meaning.
@theobnubilator@Aruku64@OopsGuess@urbanleg3nd2 Oh no, the USian is laughing at us for not having medical bankruptcy, an exclusive freedom only US has.
Please keep being happy your tax money funds overseas wars yeah.
@urbanleg3nd2@OfficeChael@OopsGuess 996 was a tech sector thing which govt made illegal...but Silicon Valley is adopting it, so slave labour+no liberties in US π
Still using 15/hr to argue when grocery for 2 weeks, 2 pax cost only RMB490/USD70 π
Still kept in your bubble after RedNote, pity.
@urbanleg3nd2@OfficeChael@OopsGuess Chinese work one job on lower labour costs can afford to eat out, entertainment and travel.
Muricans hustle 2 or more jobs w/ supposedly higher labour cost and still struggle for groceries.
I understand it perfectly well; It's you who don't.
@urbanleg3nd2@OfficeChael@OopsGuess Different cost of living, price, wage standards and inflation rates but use 15 USD/hr as benchmark.
Murican understanding of economics.
@PDXFato@brian_armstrong Corps wanted the low cost labour and consumer market, while CN asked for tech transfer and selling to overseas in exchange. Both agreed on such arrangement.
Calling it theft now is just cowardice.
I guess CN was supposed to remain in a peasant state forever.