Flocklesscrow

joined 2 months ago
[–] Flocklesscrow@lemm.ee 2 points 2 weeks ago (5 children)

You're conflating two separate things. I make a distinction between understanding the inherent friction of Labor and Capital along with a broad and deep awareness of the stacked playing field, and also keeping oneself employed by necessity.

[–] Flocklesscrow@lemm.ee 3 points 2 weeks ago* (last edited 2 weeks ago) (9 children)

That's a pretty short term view though, no? Presumably if an expected revenue stream does not generate flow to supplant the initial capital outlay, said business will not be a going concern for long?

I'm not defending subscription models at all, they're corrosive to the economy, but your comment had me curious.

[–] Flocklesscrow@lemm.ee 4 points 2 weeks ago

Samuel Vimes nodding

[–] Flocklesscrow@lemm.ee 7 points 2 weeks ago* (last edited 2 weeks ago) (1 children)

I definitely don't recommend that you look up Tidal downloaders that allow users to keep the music they want from the service. You definitely don't want to build a whole digital library that way.

[–] Flocklesscrow@lemm.ee 3 points 2 weeks ago* (last edited 2 weeks ago)

100%

Your local library usually has a host of FREE media types. Including regular ol books, which thankfully still remain ad-free.

(But also movies, and digital readers, and news articles, etc).

[–] Flocklesscrow@lemm.ee -1 points 2 weeks ago (1 children)

The guy? You mean Marissa Mayer?

[–] Flocklesscrow@lemm.ee 2 points 3 weeks ago (1 children)

And you can swap scopes depending on, uh, context.

[–] Flocklesscrow@lemm.ee 10 points 3 weeks ago

The Industrial Revolution demands its workers

[–] Flocklesscrow@lemm.ee 9 points 3 weeks ago

People treat it like a mistake, but the Emperor has no clothes and people are catching on.

[–] Flocklesscrow@lemm.ee 2 points 3 weeks ago* (last edited 3 weeks ago)

I don't disagree, but it's the whole REASON the SEC was created in 1934.

If anyone needed further proof of end-stage capitalism, it's this goddamn insistence on regressive everything.

Anything deemed "Too Big To Fail" is also a national security risk. Nationalize the whole firm, send the executives off with whatever loot they already have, and ironclad legalese to prevent them from ever setting foot in a financial market again.

[–] Flocklesscrow@lemm.ee 23 points 3 weeks ago* (last edited 3 weeks ago) (2 children)

Great. Now how about Citadel's $65 Billion in securities sold but not purchased? Just kickin that can, eh?

Hard to see how the SEC and DTCC aren't complicit.

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