Completely understand your viewpoint. I’m also aware though that there is a heavy saturation right now (at least in the DMV, which has historically been a bellwether for the greater economy) of both IT and bioscience/biotech industries. Both fields that also require very smart, educated, and experienced workers. So, I’m saying that things can shift quickly, and workers are always on the losing end, so it pays to note how the winds are blowing, regardless of current status.

I think your focus is too narrow and your anger and need for someone to be punished for the awful systems that we are forced to survive within are clouding your ability to see the larger picture specific to the necessities of survival.

I’m not saying you’re wrong, but you sound like you’re speaking from a place of privilege, and I am allowing room for the realities of this current-state existence.

As I said, conflating two separate things. It doesn’t void the validity of either to acknowledge them.

Yeah thanks for the insight

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.

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.

Samuel Vimes nodding

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.

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).

The guy? You mean Marissa Mayer?

The Kissinger special?

The Industrial Revolution demands its workers

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

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.

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.

“Because, unlike some other LLMs, I can speak with an English accent.”

This feels very Boomer

It’s the parable of office pizza: some people take 1 slice because there are many people to feed.

some people take 3 slices, because there are many people to feed.

I’d love to see the USPS bring back basic banking and then double down by providing internet AS A SERVICE.

It would bring in two solid revenue streams for the Post Office, and cut a lot of cancer from our economy.

A) 1971, Economist Milton Friedman explicitly told the world the “only social responsibility” for businesses is to increase shareholder value. The Business Roundtable heartily endorsed this view, setting the stage for the next half century of villains to gleefully enrich themselves without compunction.

B) 2019, Business Roundtable reversed their 50 year position to include that businesses should be beholden to all Stakeholders, not just shareholders.

But of course the damage has been done, and continues onward. To compound this, the FED’s open-purse monetary policy for 14 YEARS ushered in the worst inflation in 40 years, while wages have stagnated for 4 decades, kicking off around the time Baby Boomers were birthing the first Millennial children.

These are just some of the reasons Millennials lay the bulk of culpability at the feet of Baby Boomers, who of course respond with something like: “Well, I don’t remember that.”

Trickle down was a rebrand.

It used to be called “Horse and Sparrow economics.”

Idea being: The horses eat buckets of whole grains. And the sparrows pick their meal from the horseshit.