Re: jobs apocalypse

On Sat, 20 Jul 2024, JAB wrote:

On Fri, 19 Jul 2024 23:00:37 +0200, D <nospam@example.net> wrote:
>

Our definitions differ

>

Without social inputs for various transport means, few capitalists
would exist today. Capitalism has a symbiotic relationship with
socialist thinking. But capitalists tend to think like parasites.

>
Incorrect. Capitalists work through private means. Socialist beg the
government for favours. What you are referring to are socialists not
capitalists.

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Social inputs are about robbing Peter (taxpayers) to pay Paul
(investments in  industry, transport systems, we the people, etc), and
capitalists tend to profit from government spending to address
this/that issue.

No, no, no, you are talking about socialists. They are the ones with connections with the politicians, starting companies to benefit from the actions of the government, not capitalist.

socialist thinking

>
Endeavors which affect in a beneficial way all/most
citizens/businesses.  In US, government spending in R&D, educational
institutions, roadway/railway/water projects, and many other ways.
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Socialism - Many different sub definitions exist....
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What is capitalism in simple terms?
Capitalism is often thought of as an economic system in which private
actors own and control property in accord with their interests, and
demand and supply freely set prices in markets in a way that can serve
the best interests of society. The essential feature of capitalism is
the motive to make a profit.
https://www.imf.org/external/pubs/ft/fandd/2015/06/basics.htm
>

freely set prices in markets in a way that
can serve the best interests of society

>
Huh....But capitalists tend to think like parasites
>
Illegal price fixing occurs whenever two or more competitors agree to
take actions to raise, lower, maintain, or stabilize the price of any
product or service.
https://www.ftc.gov/advice-guidance/competition-guidance/guide-antitrust-laws/dealings-competitors/price-fixing

This never works in the long term. Please have a look at
https://fee.org/articles/how-the-free-market-handles-monopoly/
and there you'll have a good explanation of how the market, in the long term, deals with price fixing and monopolies.