Dingo_Kidneys

joined 1 week ago
[–] Dingo_Kidneys@lemmy.today 1 points 1 hour ago

You're doing a lot of conflating again, so let me pull things apart. First, labor excess value being extracted is again not a function of currency. It's a function of capitalism. In a capitalist system, capital owners are permitted the ability to extract excess from laborers so that they can invest that excess into new ventures. It has nothing to do with value perception. What does have to do with labor perception is how much wealth laborers allow to be extracted from them, which is the whole reason bargaining power is so important in a capitalist system for the labor class.

On fiat currency, in principle it isn't a terrible idea. What makes the dollar volatile though is that it is a fiat controlled by a single state. The gold standard worked better for the dollar because the value of the dollar would always be in effect controlled by gold supply, but this is something that can be worked out without gold as to avoid gold hoarding. We have modern solutions like crypto that could create an artificial line for the dollar to ride on, but that brings us back to it being easier to just have the dollar represent the buying power of the american market. If you keep that a function of public fiscal policy, it isn't all that dangerous.

On the Fed, the planning and writing of the bill that established the Fed being a behind closed door meet with the hyper wealthy does not make the Fed a private enterprise. It makes it a public enterprise that was constructed by private interest. Welcome to the home of the free, much of our infrastructure was built by wealthy business owners lobbying congress. That doesnt mean that the Fed can't be reshaped by the American people, it can, but the American public seems to not like taking the effort it takes to consider a bill that would reshape the Fed. Private interest groups do it instead because there is no competition.

[–] Dingo_Kidneys@lemmy.today 2 points 1 hour ago

God, post-digg era was peak. When subs like r/fffffffuuuuuuuuuuuu were still active. It was just folks talking about their lives and relating to eachother. Then we all grew up, life got serious, and the culture wars started.

[–] Dingo_Kidneys@lemmy.today 3 points 2 hours ago (2 children)

It's two things. Bots, yes, but also the communities have gotten really lazy. Shit was fire during peak culture war because people were actively trying to learn. Now it's like everyone gave up.

[–] Dingo_Kidneys@lemmy.today 2 points 2 hours ago

I played the whole thing on controller. It sounds like you're still early in the game so the combat hasn't pushed you to play it like a twin stick yet. During certain bosses and especially after a spoiler will the drone become more useful and reveal mechanical depth you havent been exposed to yet. Give it time. That game is a treasure.

[–] Dingo_Kidneys@lemmy.today 2 points 2 hours ago (1 children)

Lol, to be more specific then, human brains have trouble holding abstract ideas to levels of importance alongside eachother. Your children are safe from this.

[–] Dingo_Kidneys@lemmy.today 2 points 3 hours ago* (last edited 3 hours ago) (2 children)

You're conflating a lot of things as being the same thing and it's important to draw the lines between them because conflation causes confusion that can and will cause harm if acted on.

Yes, a currency's relationship with labor fluctuates due to how a market prices labor, but this isnt the fault of currency. It's a fault with labor markets. In a labor market buyers almost always have an advantage over sellers and as such can devalue labor seemingly at will. This does not in turn change the value of the currency though.

You're also right to say the Fed has a responsibility to secure market stability and that right now stability is measured in the independant wealth of businesses. However, the Fed is not private, it's a public structure. It's been captured by private interests because Americans largely dont understand/care about economic infrastructure. At any point the Fed could raise interest rates to a degree that almost entirely stops borrowing and that would curb inflation the other way. The downside to this is that it would make borrowing impossible for both small and large businesses. The Fed has a very large lever and no discretion. I dont think I need to say that small businesses dying is also not very good for the labor class.

As for your argument on money and self-worth. I largely just chalk this up to being a propaganda campaign to get laborers more interested in currency accumulation over community building. That isnt something that changes with fiscal policy though. That's a culture issue. I've yet to convince anyone though that the two are separate, much less that their culture ought to be changed. The cold reality is that many Americans prefer it this way. They'd rather be a slave in a system where they could see themselves as kings over a system without kings but higher standards of living.

[–] Dingo_Kidneys@lemmy.today 0 points 3 hours ago

It's always been the goal to get children consuming products. It's a known function of humans that they usually stick to whatever they were doing when they were kids well into adulthood. It's harder to convince an adult with pre-established routines and preferred products to switch over.

You're right though that it's getting pretty blatant now, but that's to be expected as we dismantle food and drug regulations.

[–] Dingo_Kidneys@lemmy.today 3 points 4 hours ago

Spicy, I'll say I have less beef with tattoos and more beef with the people getting them now. Counter-cultural signifiers are getting really few and far between. Tattoos used to means you understood something about the world and wanted it reflected on your skin. Now you have folks with full sleeves working in finance departments for multi-billion dollar conglomerates.

I used to work at a shop run by bikers, and the vibe was immaculate. I'd shark the pool table because I was young and seen as inexperienced. Now when I go into a shop everyone is advertising their instagram and there's essentially no acknowledgment of culture. If you ask a question as simple as who owned the shop, you get stares like their brain was just sucked out a tube.

[–] Dingo_Kidneys@lemmy.today 3 points 4 hours ago (4 children)

To be fair, currency and the stock exchange are fairly different systems. Currency roughly keeps track of how valuable/stable that currency is seen to be, while stock prices are largely made up of vibes regarding how well a company is doing. The latter is a game designed by and for the rich to hide and move money while inflating their own worth, while the former is what is being hid. The difference is, everyone has to agree on the worth of the dollar, while only a handful of traders determine the worth of Tesla stock.

[–] Dingo_Kidneys@lemmy.today 3 points 4 hours ago* (last edited 4 hours ago)

I think you framed this wrong. Yes, you won't hear a good defense of capitalism here, but you're not looking for capitalism if what you want are free markets. Markets can and have existed without capitalism. If you frame the argument differently, you might find a conversation worth having.

[–] Dingo_Kidneys@lemmy.today 3 points 4 hours ago* (last edited 4 hours ago) (1 children)

Typical zombeh-eh-eh-eh-oh-oh-oh-oh response.

[–] Dingo_Kidneys@lemmy.today 2 points 4 hours ago (3 children)

Yes, but two things cant hold importance in a human brain at the same time. Too many conceptions of racism boils a person's brain into a mush where basically nothing is racist because someone is always racist to someone else. This is one of the things that killed BLM. All lives matter, stop asian hate, anti-islamaphobia, etc... It's not to say those arent also problems, it's to say those groups have better support systems than black folk in the US. The issue of anti-black racism requires concentrated effort, but the white majority easily loses interest when there's another sexier group being persecuted to attend to.

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