skells @skells@qoto.org
Joined Feb 2021
@11112011 touché
skells
boosted
@11112011 turning off a pipeline reduces supply, no matter who you're plan B is
@11112011 well, turn on Nordstream 2, not the little piss stream Putin is milking us w/rn
@11112011 mate Europe is fucked for at least 2 years unless we can get Russian gas flowing again, what planet are you on
@11112011 > The problem we have today is that we act within a system which skims all the wealth created by our actions to the betterment of the people who produce nothing at all. All they produce is money and bad ideas, the former of which is based on your future labor and the latter sustained by it.
> Then they dupe you into selling your future labor back to you at a vig while trying to take all the intellectual property rights for your innovation and skill. We call these people Venture Capitalists.
> No wonder the Marxists see this system as exploitative. It is! But it’s also not the only way things can and/or should be organized. This isn’t a fault of capitalism and property but of our not properly pricing the cost of the State and all of its enforcement of our ‘rights.’
> This is what leads to the concentration of power in the hands of rent-seeking douchebags and vandals.
> Sustainable growth where all factors of production are properly priced up the value-adding chain is the first step. That will lead to the rewards being shared more equitably by all involved.
@11112011 here for the quips and Austrian economics, the guys no general
> The funny thing is Russia’s economy shouldn’t be larger than Germany’s in real terms, since most of Russia’s output is base commodities, which have the lowest value-added component of any good in a market. The whole point of a sophisticated division of labor and economic system is to build up value through each stage in the production chain.
> Cars, for example, should have more ‘value’ associated with them than the iron ore that went into making the frame.
> This tells you how out of whack the world is in terms of the diversion of capital to unsustainable activity it actually is if a commodity producer is leading a manufacturing giant in wealth generation. This is exactly why the currency shift from debt-based to commodity-based money is going to be so painful.
more bacon for a flawless victory
skells
boosted
@11112011 I don't laugh anymore
Joined Feb 2021
