• 10 Posts
  • 47 Comments
Joined 9 months ago
cake
Cake day: January 2nd, 2024

help-circle



  • Delta_V@lemmy.worldtoScience Memes@mander.xyzLaunches
    link
    fedilink
    English
    arrow-up
    4
    ·
    5 days ago

    If the sun became a red giant tomorrow, and Earth found itself inside the outer layers of solar atmosphere, then drag would start slowing it down. In less than 70,000 years, it would fall close enough to the center to be torn apart by tidal forces like one of Saturn’s moons (assuming it hasn’t already been vaporized).

    If we’ve already waited 5 billion years to have our revenge, whats another 70k? The lowest amount of Delta V we can spend on this project is zero.


















  • Delta_V@lemmy.worldtoTechnology@lemmy.world*Permanently Deleted*
    link
    fedilink
    English
    arrow-up
    0
    ·
    edit-2
    23 days ago

    The market didn’t need regulations to maintain its freeness back then because the vast majority of transactions were made with small businesses. The limited technological capabilities in transport and communication also decreased the need for government regulation by decreasing the ability of the largest concentrations of capital to succeed at implementing global anti-competitive strategies.

    To achieve the same degree of market freedom today, in the era of omni-national mega-corporations wielding monopoly influence, requires utilizing levers of power outside of the market those mega-corps dominate. The intervention of democratic governments to enforce anti-monopoly laws and prohibit other kinds of anti-competitive behavior is a necessary component of any plan to transform today’s marketplace into one that looks more similar to the market of Adam Smith’s day.


  • It is though - this is what capitalism invariably becomes. Musky Twitter is a symptom of late stage capitalism. This is why so many people say capitalism is bad and doesn’t work as advertised.

    The golden age of classical liberalism, when capitalism actually worked, the 1700-1800’s, more closely resembles what we would today call market socialism.

    Once the agglomerations of capital became large enough to impose irresistible anti-competitive force, the days of capitalism’s beneficial functionality ended. They say “the freer the market the freer the people”, but an unregulated market isn’t free - it invariably trends toward monopoly and irrationally assigned concentrations of wealth and power, eg Musk, Bezos, DuPont, Sackler, etc…

    Capitalism supports, rather than resists, the anti-competitive influence of capital. A truly free market requires the intervention of powers other than capital - eg, democratic governance imposing something akin to Market Socialism against the wishes of those anti-competitive agglomerations of capital.