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'Neoliberal capitalism' has contributed to the rise of fascism, says Nobel laureate
  • Your point seems to be that you think grocery store food waste is a matter of too much regulation

    I thought it's a mater of public health and safety.

    I can't argue with someone who treats capitalism like a deity

    I can't ignore what I see. And I see, computers, airplanes, modern agriculture, and all the wonders of modern civilization.

    You come across like a libertarian

    I was a libertarian as a teenager, but with time I understood that every extremism is pathological. I'd say I'm a liberal now.

    You're the biggest capitalism simp I've encountered in quite some time

    It's always gets personal with you people. You can't win the debate and you get angry.

    oxymoronic political identity.

    Which part of my identity is oxymoronic? You throw accusations but you never give any examples.

  • 'Neoliberal capitalism' has contributed to the rise of fascism, says Nobel laureate
  • In EU they ARE expiration dates. It's forbidden to trade expired food

  • 'Neoliberal capitalism' has contributed to the rise of fascism, says Nobel laureate
  • Grocery stores dump good food all the time

    My relative happens to work in the food trade industry. The only cases when they dump food is either when expiration date is passing, or when they suspect that frozen stuff was transported incorrectly - aka cooling/freezing chain was broken somewhere - in that case they just don't accept the transport - it's most likely dumped afterwards by the company delivering it.

    Sale of expired food is forbidden by law.

    As a worker you are only hired and remain employed insofar as you produce more value for the company than you cost

    Of course. Also as a worker I remain hired and employed as long as the employer delivers me more value (aka wage and other benefits) than his competitors. Otherwise I dump him just like he'd dump me.

  • 'Neoliberal capitalism' has contributed to the rise of fascism, says Nobel laureate
  • We waste tremendous amounts of food but people go hungry.

    This waste may look big in absolute numbers, but probably isn't meaningful as percentage of total economy - we're wealthy so many of us can afford to be a little wasteful.

    Capitalism optimizes for profit and profit only. Sometimes that leads to good outcomes, sometimes it leads to bad outcomes.

    Usually bad outcomes are the corner cases - I'm perfectly aware that they exist (harmful monopolies, CO2, ect.) But it's the role of solid legal framework to deal with these issues.

    On the other hand you have at best no idea what sort of pathologies can arise in alternatives to capitalism, and at worst it can be repeat of the of USSR or North Korea.

  • 'Neoliberal capitalism' has contributed to the rise of fascism, says Nobel laureate
  • someone is going to have to address the mismatch between wages and cost of living.

    Everything in "Cost of living" basket is delivered by the same economy that tends towards reduction of prices - assuming it's healthy competitive market. I believe that at least in case of US, housing market and Healthcare are particularly corrupted, which drags prices up.

    but the inevitable 90% of "losers"

    I don't believe there are 90% of "losers" if you said bottom 10-20% earners in the society, I'd might agree - there's always some percentage of people who can't make the ends meet.

  • 'Neoliberal capitalism' has contributed to the rise of fascism, says Nobel laureate
  • If wages rise too high, the government will always step in to make sure it doesn't continue

    What do you mean by that? If you mean progressive taxation then I agree - IMO this is an inevitable result of democracy - in particular one citizen one vote rule.

    Progressive taxation of middle class and spending that money on benefits for poor is a way of buying votes. If you can buy multiple votes of poor people at expense of one middle class vote, it's a winning strategy.

  • 'Neoliberal capitalism' has contributed to the rise of fascism, says Nobel laureate
  • You're missing the part of the picture: There are also workers with specific skill sets who are paid extremely well. You don't hear about them, because they don't complain.

    But the question is why? Why workers with certain skills really well paid, while others aren't?

    The answer is misalignment between availability of types of work, and availability of workers with appropriate skills.

    There's no magic solution that would fix this - core issue is education system that produces surplus of one type of skilled workers and not enough of other types. The end result are huge wages for rare skills, and very low wages for common ones

    Fixing that problem requires radical reform of how people pick their career patch and it would take many years for benefits to have impact.

  • 'Neoliberal capitalism' has contributed to the rise of fascism, says Nobel laureate
  • This isn't a bait. I tried once explaining the differences between fascism and nazism and guess what? Got acussed of being fascist. The only reason was because others didn't like my argument.

  • 'Neoliberal capitalism' has contributed to the rise of fascism, says Nobel laureate
  • workers that produce wealth and are essential

    You got it wrong - workers alone won't produce anything. You need everything: Workers, managers, accountants, capital, financial system, machines, supply chains, logistics, customer acquisition and so on. Each one of these parts is crucial - wealth is only produced if all those elements are correctly allocated.

    Half of these things are provided by separate companies, which have their own complex structures, that together create wealth producing market environment.

    "I'm a worker so I produce wealth!" Is a harmful simplification. Skilled worker without all that backend isn't worth a jack shit. This is why there're so huge wage disparities between poor and rich countries - workers may be equally skilled, but the backend that supports the work in the poor country simply doesn't exist.

    markets fail very often when the incentives and structure are not aligned with the socially desired outcomes.

    There're corner cases that cause issues - but this is why we have legal framework to fix them - antitrust laws, regulation of relations between employee-emplyer, consumer protection, green energy incentives and so on

  • 'Neoliberal capitalism' has contributed to the rise of fascism, says Nobel laureate
  • extracting resources from the land and labour

    You're trying to paint production in a negative way, while in reality competitive markets converge to most fair prices

    Law of supply and demand dictates that too low wage will fail to attract workers, while too high wage will result in product that is too expensive and won't attract customers willing to buy.

    It's a beautiful, self regulating communication network that pays well for stuff that is in demand and pays little for things nobody wants

  • 'Neoliberal capitalism' has contributed to the rise of fascism, says Nobel laureate
  • extracts wealth

    Produces. Wealth comes from efficient allocation of resources - capitalist free markets are really good at it.

  • 'Neoliberal capitalism' has contributed to the rise of fascism, says Nobel laureate
  • capitalist benevolence

    Capitalism is neither benevolent nor malevolent - it just happens it has most aligned incentives between egoistic actors

    forced capitalist governments to make concessions

    Really, really not. People were escaping from socialist USSR republics to western countries. This is why USSR decided to build a wall - their disfunctional system couldn't compete

  • 'Neoliberal capitalism' has contributed to the rise of fascism, says Nobel laureate
  • happening right now

    No, you're just one of radicals on the opposite side of political spectrum. Everyone with the wrong opinion is called fascist these days.

  • 'Neoliberal capitalism' has contributed to the rise of fascism, says Nobel laureate
  • There has been a rise in far-right parties

    Extremist organizations exist always and everywhere - what both of you fail to understand is that they're very small (although sometimes loud) minorities.

    what do you think fascism is?

    A totalitarian movement in pre ww2 Italy, that killed a lot of people.

    What do you think it is?

  • 'Neoliberal capitalism' has contributed to the rise of fascism, says Nobel laureate
  • You live in your own little world, aren't you?

    being ratio'd

    By people as misguided as you.

  • 'Neoliberal capitalism' has contributed to the rise of fascism, says Nobel laureate
  • hahhahahahhahahahahhahahahhahahahahahhahaha

    hahahahah ' hahahahaha

    hahaahahahahahahahahahaha

    10/10 argument. You lost

  • 'Neoliberal capitalism' has contributed to the rise of fascism, says Nobel laureate
  • Fascist regimes generally came into existence in times of crisis

    Too bad that modern capitalism produces wealth like no other system - the supposed resurgence of fascism never happened despite EU running capitalism for 79 years since the World War 2.

  • 'Neoliberal capitalism' has contributed to the rise of fascism, says Nobel laureate
  • fascism is the end result of capitalism

    I wonder what sort of echo chamber you must live in, in order to believe this

  • SteamOS could see a general distribution release, work with other handheld gaming PCs soon
  • It would need to be open-source and using only open APIs when talking to the system. This isn't happening any time soon

  • BlackLaZoR BlackLaZoR @kbin.run
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