my_city

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Under the current system, millions will lose their jobs and a handful of extremely rich people will get richer: capitalists. All of this will be completely lawful: is the law of the free market.

The only answer is to destroy capitalism and unite as workers. Only if we unite as proletarians, we can redistribute the inmense profits of automation and make sure to live a worthy life.

Of course we are losing if developers and tech workers see Unions with suspicion. To win we need to unite. And until the meritocratic, individualistic ideology that prevails in technology is stopped, we cannot do that.

" One-third of the managers who said they advertised jobs they weren’t trying to fill said they kept the listings up to placate overworked employees."

"placate overworked employees". Thats a funny way of saying "lying to keep exploiting overworked employees". But is the Wall Street Journal, what could we expect?

"Capitalism would get your bank and their depositors bankrupt, end of story."

Except that's not capitalism. America is real, actually existing capitalism, and only poor people get bankrupt, not banks or bankers. Capitalism is not about fairness or justice or whatever ideal. Is about maximizing profits and exploiting wage labor. "Socializing" loses maximizes profits, so that happens. Poor people getting bankrupt maximizes profits, so that also happens.

"It was the USSR that were using heavy machine industry to finance and subsidize unproductive companies, leading to monopolies and corruption."

I'm not sure what the argument is here. Nationalizing industries is not socialist per se. But you said it yourself "subsidize unproductive companies". So the objective was not to maximize profits, but to protect national interests and the development of socialism. Also, the USSR has a long and complicated history, from Lenin's War communism to NEP, to rapid industrialization, to perestroika, to liberalization. So we can't make sweeping generalizations.

But is unfair to talk about "monopolies and corruption" if you look at "western democracies" today. Monopolies. You realize that today only 5 or 6 companies (Unilever, Nestlè, Pepsico, etc.) control the vast, vast majority of food in the world? And "corruption". Corruption is legalized in the USA and banks and tech companies freely decide what the government should or should not do, get tax cuts, grants, subsidies, low-interest loans and so on. That's corruption through and through.

This is not tech bros. Capitalism itself is the problem. Capitalism always socializes loses and privatizes profits. Do you think that democrat bankers like Jamie Dimon don't run for government assistance at every chance they get?

This is not a problem of a few "libertarian tech bros". The capitalists run the show, they run the government.

> The economist.

The most warmongering piece of shit publication to ever exist. Literally a publication for the pro-slavery british elite that somehow is now considered a reputable source.

Google "the economist covers iraq war".

Fuck to hell this fiendish "magazine".

Lol at the mass media trying to exculpate capitalism. This is exactly capitalism.