avidamoeba

joined 2 years ago
[–] avidamoeba@lemmy.ca 1 points 5 hours ago* (last edited 4 hours ago)

Yes but it's important for onlookers to understand this mechanism. I often hear people believing that private firms don't have to profit maximize. I used to think that too but it doesn't match reality. The competition mechanism explains what we see around us.

And of course there are exceptions depending on the exact context and market conditions of a private firm but they don't negate the mechanism under the assumptions it operates.

[–] avidamoeba@lemmy.ca 2 points 6 hours ago* (last edited 6 hours ago)

I got one anecdote but most I've observed fall under yours.

[–] avidamoeba@lemmy.ca 2 points 6 hours ago* (last edited 6 hours ago) (4 children)

It actually is for both. In the case of private firms, it's not necessarily to increase shareholder value, but instead to increase profits and market share due to competition. If they don't, they're outcompeted, ran out of business and/or taken over by their competitors.

Besides that, many many private firms are owned by private equity investment companies which can be even more persistent in pushing for higher profits.

[–] avidamoeba@lemmy.ca 16 points 18 hours ago

Oh here we go again...

[–] avidamoeba@lemmy.ca 4 points 19 hours ago

Oh man, Tim Wu was a trailblazer during the Net Neutrality war.

[–] avidamoeba@lemmy.ca 5 points 1 day ago

Yes, that would be part of the goal.

[–] avidamoeba@lemmy.ca 12 points 2 days ago* (last edited 2 days ago)

Wow, this could be significant if they succeed. DeepMind has done some of the more impactful work in AI like AlphaFold.

[–] avidamoeba@lemmy.ca 15 points 2 days ago

No 🙂‍↔️

[–] avidamoeba@lemmy.ca 2 points 2 days ago (3 children)

Are you talking about Meshtastic or HAM, or something else?

[–] avidamoeba@lemmy.ca 1 points 2 days ago* (last edited 2 days ago) (1 children)

If you believe that MLs helped Trump elected in any significant way, you've lost the plot. To help regain it you should look into the size and type of the various lobbying and agitation efforts of Israel-connected organizations and people.

[–] avidamoeba@lemmy.ca 37 points 3 days ago* (last edited 3 days ago) (2 children)

We'd be joined through the Puerto Rico route, as a territory. No representation. The 51 state is just a ruse to get the 17th territory, or whatever the number is.

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