this post was submitted on 22 Jan 2024
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I don't know that there's a better model either, but I'm very confident that we vastly overvalue investors in our current setup.
In an ideal society, I think workers would be compensated for the value they produce not the value they'll accept, and that's just incompatible with a society that structurally predisposed to value investment above labor.
I don't think there's a quick or easy path to get there, but in the meantime I'm aggressively unsympathetic to investor class woes.
In terms of nationalization for the common good, I'm generally referring to things like Amtrak or the TSA. There's a fair value that can be assessed largely independently of any market value.
In my ideal society we'd take care of each other.
Don't use the TSA as a fucking model. Shit.
How do you feel about compensation for shit like QA at peeps like boeing? Lots of us don't 'produce' but we're huge into it.
I'm not pedantic about "production" being actual literal "fabrication", but just a contrast to "rent seeking" or "investment".
Fair enough. Thanks for the conversation.