Definitely busts the myth that more regulation leads to higher prices.

I pine for the day when more people take advantage of any opportunities available to them to interact with corporatist politicians and their executive funders.

Luigi Mangione did nothing wrong and I hope that more people copycat him when possible.

Things weren't great before covid, but during that time the corporations just decided fuck it, gougefest, and we're never going back. Consumers will suffer, and they'll keep buying because they'll have no choice. Win win!

I want everyone to realize that they won’t do it just for a dollar, they will do it for as little as a penny. Yes, that’s right, if you die they won’t care because they got a penny and hundreds of thousands more people lived who will keep buying their shit.

This only ends when we fight back.

And this is why libertarianism is bullshit.

This reads like they're more pissed that products didn't get cheaper, than they are that companies lowered food standards immediately after regulations disappeared.

Remember this anytime some lassaize faire dipshit talks about regulations not being needed because 'the free market regulates itself'.

Same for monopolies. Which now exist in virtually all major industries thanks to deregulation or weakened regs.

those rules are written in blood

The reason why those rules existed because companies where doing exactly that.

"Failed system"

Works exactly as designed

shrug

I learned a new word recently, Financialization (from Abdul El-Sayed! on YouTube).

It's a term for things businesses do to make line go up that doesn't actually produce anything or make things better. It includes processes that should be illegal such as stock buybacks and private equity.

In the aughts, I lived in San Francisco during the rolling blackouts. Enron, you see, got overvalued, and it borrowed a lot of money based on that value. So when the market started wanting to correct, it engaged in shenanigans (which had something to do with turning off California generators and then forcing California to buy power from Texas at inflated prices) because Enron needed the value, but didn't have it, and was going to crash and its owners were going to get busted for shady dealing.

In the Trump era, we've undone all the laws we made from both the dotcom bubble and the subprime mortgage crisis, and the AI bubble is imminently about to collapse.

The sad part is this is literally incentivized to cut every corner you can, because if you don't the other seller is. The free market will solve it guys we just made the FDA for fun, not after 50 years of this problem not being solved - maga, somehow.

We write about "paperclip optimizers" as if they're some future AI problem, but in reality we run them every day to make ends-meet while the people who own them just focus on the compulsion to have more paperclips with no regard for societal consequences.

Modern companies see the paperclip optimizer and say "yeah, these guys are doing it right."

The motive for the crime? Easy... Profit motive.

The corporations were cutting corners with food production long before, it's just easier to do now.

Line must go up, even if planet on fire and everyone dying of diarrhea produce.

They'll enslave you first

I would argue that pure capitalism produces a toxic profit - one that doesn't help humanity, be it the short or long term. Kings of centuries past may have been wealthy compared to their peasants, but the ordinary people of today have many more options for finding joy in life.

Our billionaires are preventing us from developing a society that would enrich every single person - including themselves.

Things that got cheaper:

• Labor
• Small businesses
• Commercial property
• Office space

Congratulations. If you own shit, you got a discount toward owning more shit.

For the working people, you’re basically liquidating your way of life.

Starting to get a bit tired of these posts with screenshot of text with no source or anything.

Are we upvoting Ai generated crap here? On the other hand, even if it was a twitter post, it wouldnt really be higher quality either.

Tax wealth, not work.

And then have nothing to spend it on, but they did their goal, like a mindless AI drone.

The regulations were removed because corporations wanted to cut corners and increase profits.

Well, yeah. There is a reason regulations were there in the first place...

Capitalists gonna capitalist