Mastodawn

Mistaken belief that there distinct #capitalist and #socialist systems in world today. Most are #mixed systems.

Is billion dollar government bailouts of financial institutions during 2008 part of Capitalist system?
Is government #intervention during pandemic part of CS?
Is government #subsidies to certain industries part of CS?

Is #private ownership part of socialist system?
Is worker #exploitation for profits be part of SS?
Is second highest number of #billionaires in world be part of SS?

shreyasd 1d ago

AI is the cult of tech world.
Forget about users, proponents knowing what AI is or how AI works, even creators don't know. Pushed as being almighty, solution to all the problems and usher of the golden age of abundance. With its zealous adherents having given up critical questioning submit to ultimate truth of AI inevitability. Billionaires as gurus who control and has no tolerance for criticism of AI but very much into profits it can bring.
Yes this ends well.
#AI #OpenAI #grok #gemini

shreyasd 2d ago

Isn't all these trillion dollar behemoths just financial sleight of hands?
Would theses valuations exist if not for effective corporate taxes paid?
#Corporate #Economy #AI #US

shreyasd 2d ago

Can politicians funded by corporate money make regulatory changes?
Can the media outlets owned by corporate be willing to raise these issues?
Can these type of issues really be raised on moderated social media platform, owned by corporate?
Can paid influencers and paid campaigns by corporate really address these issue in any meaningful way?
How will there be any change?
#Corporate #PAC #Socialmedia #influencers #AI #Economy

shreyasd 3d ago

Corporate tax receipts as percentage of corporate profits before taxes is in a long decline.
Explains why all the wealth is getting concentrated at the top.
How does this change?
When all the channels of information are being controlled and central banks, governments have their backs, can this even change?
#Corporate #Economy #AI

shreyasd 3d ago

All of a sudden business executives have become torchbearers of research, development and innovation. How ridiculous this ideas is. Just check how many Nobel prize and fields medal winners are/were business executives.
#Innovation #Reserach #Development #AI #CEO #CFO #CIO #CMO

shreyasd 3d ago

How essential capitalism and free market are to research, discovery, innovation can be gauged by time when capitalism and free market were not there. Particularly that antiquity era in Ancient Greece.
#Capitalism #Freemarket #AI #Economy

shreyasd 4d ago

We are moving towards command capitalism.
#Economy #AI #CommandCapitalism

shreyasd 4d ago

What is being suggested as socialism is in reality command capitalism - the ownership is private and allocation mechanism is changed from market driven to some utopian entity in future ie planned way. After a brief time this allocation mechanism will be switched by individuals ie command economy.

#socialism #commandcapitalism commandeconomy #AI #Economy

shreyasd 4d ago

Isn't wholly relying on free market and capitalism as some sort of immutable law of nature flawed?
How would free market system fare if black swan event occurs? How resilient is free market system in addressing any such occurrence? How good is the capitalist system which prioritizes personal profit making in addressing common goal but has no profit in it?
#Capitalism #Freemarket #AI