Capitalism as it is supposedly “intended” say whuuuut? O.O /s
Solidarity to all the workers at Boeing!
I’m not an astronaut stuck in space. I’m not too worried about it.
There was an article recently that was clearly just PR about how they’re not concerned being stuck up there because there’s so much to do and the views are amazing and so on.
Sure.
The might read this, so I am hoping they do make it safely back here. But yeah, wtf was that all about? They’re fine! They are busy and have food for 3 months and such.
Locally you can usually find places that help low-income people learn to budget their money.
The only reason i would keep them alive is to not cost all the shopfloor their jobs. Can all the executives though
Unfortunately, as someone screwed over by the Recession, I can assure you that that’s not how it works. The executives get bonuses that they can use to buy up investments for cheap and everyone else gets pink slips.
Nationalise it if it’s too big to fail but can no longer operate as a public company.
Communism! Muh free market!
Alright, then the market is free to let Boeing fail
What’s stopping the government from buying boeing for pennies once it’s bankrupt?
Mostly this:
Our national motto really should be “profit over people.”
Capitalism in on itself isn’t bad, it can be the most efficient system for everyone to grow.
However
You need to have a solid set or rules in place that makes it work well for everyone. No monopolies, for (a simple) example, bit also if a small company does, there is bankruptcy, the the same needs to apply for a mega corporation. If a corporation is too big to fail, and require bail out then at least sack and replace the entire C suite, and upper management, no golden parachutes, no bonuses. Hell, if the company is so important that govt need to step in with billions, hold C suit personally responsible. If I fucked up and my company goed bankrupt, I can lose my house, why should a CEO get a bonus for doing the same thing but 100.000 times bigger and worse?
Maybe Boeing should have thought of that before making poor decisions. It should learn a little something called personal responsibility and if it goes broke, well, that’ll be a shame. Anyway!
Boeing stopped pulling on its bootstraps and wants government welfare.
If Boeing had just put a few dollars a week into a savings account when it was 18, it could have retired by now.
This is one of the supposed benefits of the free market. If left alone, under normal conditions, what’s supposed to happen is that badly ran, uncompetitive firms end up showing themselves the door, making room for new market competitors who may not be so badly managed. Don’t fucking save them, especially don’t advocate for saving them if you claim to love free markets.
Agreed, but the big players have their hands tied up in Congress and the military so much that it’s not gonna happen.
Then they should be nationalized, because they’ve already got the benefits, but none of the downsides, while the public get none of the benefits, and all of the downsides… At this point “too big to fail” are essentially critical government infrastructure setup by wealthy criminals to steal directly from tax payers.
Nationalizing industries? In America? We don’t do that here, friend. We give corporations massive bailouts and forgive all felonies.
I mean the US came shocking close after the Penn Central collapse, even operating Conrail for several years as a wholly-owned subsidiary of the Federal Government for several years
I would bring back Conrail immediately.
Ya know… I was going to say “You dropped this /s”
But then sadly, I realized you didn’t :-(
I think you could make the argument it is already nationalized if the government bails them out to protect it’s military industry sector.
That’s actually really sad to think about.
Historically I don’t think that’s what the term “free market” was referring to, although some people do use it that way now. As always, we need to remember that there are no normal conditions, and free markets aren’t free. If you don’t have anti-monopoly legislation, if you don’t have anti-corruption legislation, then large corporations will win.
The problem with free markets is they are incredibly unstable and create booms and busts and people don’t like this so we get the worst of all worlds which is unfettered capitalism and no competition or failure weeding out poorly managed companies. Maybe free markets are just a shitty ideal?
Maybe free markets are just a shitty ideal?
Yes. The answer to that question is yes. Free market capitalism encourages cutthroat competition in which the only factor in any decision-making process is maximizing profits. Safety isn’t a factor. Employee well-being isn’t a factor. National security isn’t a factor. The economy at large isn’t a factor. Long term investments aren’t even a factor. Line go up this quarter equals good quarter. Regulations ensure mandatory minimums for societal prosperity.
Until corporations realise they can cheat and change the game by bribing politicians to tip the scales in their favour.
Business exists only for one thing; exploiting systems, even if that means meta-exploitation, since that’s the highest form of exploitation, and the inevitable endgame.
we dont have a free market. We have what i can only describe as Inverse Socialism
its socialism for the wealthy and the corporations, and “free market” for everyone else
this is part of the reason why theft of property from the rich, or violence against them, is not morally wrong.
They get tax breaks that we all pay for, and they influence policies that help themselves while killing us.
You cant steal what you already paid for, and its not murder when its self defense
It is, afaik, the literal, actual, unironic definition of the fascist economic model. Basically, the public sector only really exists in the form of “private” companies that are tightly coupled to the government.
thats what they taught us about communist Russia when i was in highschool
Our economics class learned that their “public” sector was a mix of private companies acting as both private citizens AND government agencies.
And my teacher was like “imagine if all the roads and utilities and infrastructure for the country was run by private, FOR PROFIT businesses that benefit from laws written for citizens, AND from laws written for corporations but are not bound by either”
20 years later i realize thats how its been here the whole time
Did they try not cutting costs to the point planes fall out of the sky?
Mmm, then they wouldn’t have had the money to buy back their shares to boost the stock price. So no, your ideas would not pass muster at a board meeting.
Fuck Jim Cramer by the way.
Privatize the profits and socialize the losses.
Fuck Boeing and Jim Cramer, especially.
Can’t believe that hack still has a show.
You know, I caught a few minutes of his show. my grandparents were into it, I guess. Not that they ever made money off his tips, or anything. The reality is his show was a coke fueled investment-related infomercial. Like the shamwow guy, but shorter and bald-er
(in the 90’s he gave an interview about how as a fund manager or whatever, he’d pay the press to run hit pieces, even. now he is the hit piece.)
“WON’T SOMEBODY THINK OF THE POOR CORPORATIONS???”
“We moved all our production to non union factories across the country and put out shittier products, now we can’t pay bills anymore!!”
