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Cake day: December 25th, 2023

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  • pearable@lemmy.mltourbanismHello, Aquaman?
    ·
    2 months ago

    In a less capitalist framework, I think that would be a waste of resources in the vast majority of cases. So much of Florida is spread out. It would take a crazy amount of workers to get everything worth saving sufficiently prepared. I'd much prefer they pick a few metros to denisfy and harden. Then they can give folks in actual financial distress a pension for their trouble.

    Even in a capitalist framework the upkeep costs might not be worth it passed a decade or three.

    I feel like what will actually happen is the government bails out all the corporate owners of these properties and let's everyone else take the loss. Same thing they did in 2008 basically. That has the added benefit of making housing everywhere else get more expensive, due to climate refugees, so land speculators and landlords will be happy.


  • Boeing used to be a fairly effective company. They had a good union and the work was largely engineer led.

    The rightward turn of the 1970s eroded the union and culture. By the 2000s there was only two big players in the commercial aerospace market: Boeing and Airbus. McDonnell Douglas were limping along in a distant third place.

    Boeing hoped to diversify their offerings by buying MD and using their more successful military aerospace business. MD's officers ended up gaining a lot of power in the merger and they began the process of running the firm into the ground. They went full cost cutting short term bullshit after that.

    Summary of this article

    Seems a bit lib but I think there's some truth there



  • The Fed is a slightly different beast. They don't spend money into existence like the government does. They lend money into existence. Their primary lever is at what interest rate that lending is done. Anderson Cooper believes in the Chicago School, the poor sod. It's basically the premier economic theory of the US establishment



  • The Deficit Myth uses a different reasoning that's more widely applicable to fiat currencies. Fiat currencies have value, are used in commerce, because you have to pay your taxes in them. You can't pay with Bitcoin, real estate, or commodities.

    Inflation on the other hand is caused by basic supply and demand. Inflation happens when more people want to buy a good than is in supply. The most recent inflation in the US was caused by supply shocks due to covid and eventually the war in Ukraine. Because so much of our economy is monopolized, a few players were able to artificially raise their prices using the real inflation as a smoke screen.

    Hypothetically a treasury could print, or swap some numbers in a spreadsheet, as much money as they wanted into existence and no inflation would occur. Assuming everyone was able to buy what they wanted at a fixed price.











  • A political science course in community college inummerated all the ways the United States' political system was structured to benefit the rich. From there I tried to find ways to reform the system. I looked into the new deal and the transition from the gilded age to the depression to post war America. Eventually I found that without a great deal of revolutionary potential FDR would have kept on behaving like the child of wealth he was. From there I imagined the States developing a similar amount of revolutionary potential and kicking off some reform that stuck. But the more I read about the slow weakening of the new deal the more disillusioned I was that anything of that sort would stick.

    In order to permanently effect change, we need to eliminate the possibility for capitalists to exist and ensure that any political power that exists in society is incentivized to help the people.