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Dont get it twisted. (lemmy.ml)

submitted 11 months ago by [email protected] to c/[email protected]

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[–] [email protected] 1 points 11 months ago (1 children)

Fuck if I know? I wasn't even advocating for anything, I was just explaining that "no profit" doesn't mean a business ceases to exist.

Fair enough.

I think you'd meet more resistance than you expect, and I'm not convinced the goals of government officials are as sane as we'd like.

My take would be that if we're taking the business for the public good, we should pay a fair value for it, and if it's to stabilize something important that it's fine for investors to take the fall, since without stabilization they also would have lost their money.

If that value is market value, we're kind of fucked.

To be clear, I don't disagree with your initial assertion. Markets pay people that notice inefficiencies. I'm just not convinced there's a better model.

[–] [email protected] 2 points 11 months ago (1 children)

I don't know that there's a better model either, but I'm very confident that we vastly overvalue investors in our current setup.
In an ideal society, I think workers would be compensated for the value they produce not the value they'll accept, and that's just incompatible with a society that structurally predisposed to value investment above labor.

I don't think there's a quick or easy path to get there, but in the meantime I'm aggressively unsympathetic to investor class woes.

In terms of nationalization for the common good, I'm generally referring to things like Amtrak or the TSA. There's a fair value that can be assessed largely independently of any market value.

[–] [email protected] 0 points 11 months ago (1 children)

In my ideal society we'd take care of each other.

Don't use the TSA as a fucking model. Shit.

In an ideal society, I think workers would be compensated for the value they produce not the value they'll accept, and that's just incompatible with a society that structurally predisposed to value investment above labor.

How do you feel about compensation for shit like QA at peeps like boeing? Lots of us don't 'produce' but we're huge into it.

[–] [email protected] 2 points 11 months ago (1 children)

I'm not pedantic about "production" being actual literal "fabrication", but just a contrast to "rent seeking" or "investment".

[–] [email protected] 1 points 11 months ago

Fair enough. Thanks for the conversation.