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wasoxygen

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wasoxygen  ·  13 days ago  ·  link  ·    ·  parent  ·  post: Turbo Optima Frog Funco 1/10 RC Buggy project
wasoxygen  ·  16 days ago  ·  link  ·    ·  parent  ·  post: There Isn’t a Coronavirus ‘Second Wave’

    easy to predict

Nothing about this seems easy to predict to me; I am constantly perplexed.

The CDC cases per day metric looks much worse than it did 12 days ago, just what I would think of a a second wave.

But of course "cases" means diagnosed and reported cases, and that number depends on factors unrelated to health.

Mortality seems like a more reliable indicator, "lagging" though it may be. By this measure the CDC reports improvement every week since mid-April, both for deaths involving COVID-19 and deaths from all causes. I note that these reports have a delay of "1 week to 8 weeks or more" so we should come back to check the 5,577 (COVID-19) and 53,678 (all cause) numbers that now appear for the week ending 5/30/2020.

This is in my e-mail archives from February 4, noting that I received it from a Tesla fan at work in December:

By my understanding, each option he bought for $2.45 in December could be exercised today to buy a share of TSLA at $710, which opened at $1012 this morning.

Can't find the original tweet, but 123× in six months if accurate. At the time, I wrote "I told the fanboy that $2.45 sounded about right, thinking that I would be more or less indifferent between buying or selling at that price."

wasoxygen  ·  26 days ago  ·  link  ·    ·  parent  ·  post: Pubski: June 17, 2020

Ford Fischer provided compelling coverage of the D.C. protests, broadcasting live on Periscope. "This is Edison Carter coming to you very much live and direct on Network 23."

Ford was live when he got hit in the forehead with a rubber bullet, and again later when he was caught in a police kettle. I waited until a calm Sunday afternoon to bike downtown and have a look around.

Not every day you see military police on the streets around FBI headquarters. The new Ronald Reagan Presidential Foundation and Institute was newly decorated with four-letter anti-Reagan slogans. Apparently there is a sniper team on the roof.

wasoxygen  ·  28 days ago  ·  link  ·    ·  parent  ·  post: There Isn’t a Coronavirus ‘Second Wave’

Can you hazard a more specific prediction?

The article — no paywall from the horse's mouth — makes no predictions, but suggests that things are under control.

When I imagine what a second wave would look like, it would be the original growth in case numbers, then a decline, followed by renewed growth. When I Google "us cases" the first hit looks like a steady rate or slight decline. I question the reliability of the numbers, but that's the evidence we have and I don't see a second wave today.

What about the claims about media, that "talk of an increase in cases dominates cable news coverage"? I search Google News for "us cases" while not logged in to Google.

  Latest stories

KOB

Navajo Nation resumes weekend lockdowns as Arizona virus cases rise

FOX 10 News Phoenix

Navajo Nation resumes weekend lockdowns as Arizona coronavirus cases rise

CBS News

China races to contain a second wave of coronavirus cases in Beijing

NPR

Texas Governor Says 'No Reason Today To Be Alarmed' As Coronavirus Cases Set Record

LancasterOnline

Here are the 10 Pennsylvania counties with the highest rates of new coronavirus cases over the past 2 weeks

morethanthecurve.com

Just 18 new cases of Coronavirus reported on June 16th

CBS News

6 states report record-high jumps in coronavirus cases as reopening plans weighed

New York Post

Texas sees record number of coronavirus cases, hospitalizations

Washington Post

Live updates: Nine states hit record highs for covid-19 cases as Pence calls fear of a second wave ‘overblown’

CNBC

Record spike in new coronavirus cases reported in six U.S. states as reopening accelerates

WAVY.com

Virginia June 16 COVID-19 update: 445 new cases, 18 new deaths reported; Testing numbers continue to stagnate

About ten of those look like alarming stories of high rates. It is no more surprising that hyperlinked headlines will describe "record-high jumps" than it is that the VP would brag about keeping things under control.

wasoxygen  ·  44 days ago  ·  link  ·    ·  parent  ·  post: Peter Jackson’s LOTR Was an Improbable Miracle, and We’re Lucky to Have It

Dropping the name is the whole point of citing the Gell-Mann Amnesia Effect.

Should buying user data be illegal?

The Miracle of the Andes and the Donner Party are similar stories.

wasoxygen  ·  71 days ago  ·  link  ·    ·  parent  ·  post: I Love Corporations

No one argues that corporations can do no wrong. The idea is to compare corporate behavior to that of governments and individuals. Let's make a scorecard for the behaviors you mentioned.

Espionage

Government spying is performed by groups like the CIA, NSA, KGB, and Mossad. These organizations are famously associated with tactics like torture, disappearances, and assassinations, when they are not sparking revolution and war, thereby killing multitudes of innocent people, always with noble intentions.

Corporations perform industrial espionage by snooping around on networks, getting mole employees hired by the competition, copying proprietary information, and "predatory hiring" (beware the evil sign-on bonus!). The intention, for what that's worth, is to make money, a goal shared by basically everyone.

Successful industrial espionage hurts the target business and helps the spying business, and may well be beneficial to customers in the end. "According to a 2020 American Economic Review study, East German industrial espionage in West Germany significantly reduced the gap in total factor productivity between the two countries." There's an article on corporate manslaughter saying that laws in some countries hold corporations accountable for accidentally killing someone. The Straight Dope asks "Do Corporations Ever Try to Kill People?" without irony.

Individuals are nosy and spread gossip.

I need a logarithmic scorecard to keep these values on the same page.

Sabotage

Suppose you see a headline saying that a factory was destroyed in an explosion, and it wasn't an accident. You might suspect that it was a lone terrorist, or a terrorist group. Or if the factory was in a conflict zone, it's a routine act of war. Would it ever occur to you to imagine that Nike is sending Under Armour a message, or Pfizer is playing hardball with Merck?

The cola wars were marketing campaigns. Casualties of obesity are an unintended side effect of giving people sugary drinks that they enjoy, and often continue to consume, even when sugar-free varieties are offered. Even in an egregious case like Philip Morris the corporation does not profit from causing cancer, it's an unintended consequence that kills their customers.

Hostile Takeover

When a government wants to take over another government, the tanks roll and the bombs drop. "At least 108 million people were killed in wars in the twentieth century. Estimates for the total number killed in wars throughout all of human history range from 150 million to 1 billion."

Governments have two main ways of interacting with other governments: threatening war and promoting trade. All of us prefer trade, when corporations are allowed to peacefully exchange goods and services.

A corporate hostile takeover "can be accomplished through either a tender offer or a proxy fight."

A tender offer is a "bid constituting an offer to purchase some or all of shareholders' shares in a corporation. Tender offers are typically made publicly and invite shareholders to sell their shares for a specified price and within a particular window of time. The price offered is usually at a premium to the market price and is often contingent upon a minimum or a maximum number of shares sold."

Not exactly Germany invading Poland.

A proxy fight is "the action of a group of shareholders joining forces in a bid to gather enough shareholder proxies to win a corporate vote. Sometimes referred to as a 'proxy battle,' this action is mainly used in corporate takeovers, where outside acquirers attempt to convince existing shareholders to vote out some or all of a company’s senior management, to make it easier to seize control over the organization."

Top Examples of Hostile Takeovers

In September 2009 Kraft Foods Inc. offered $16.3 billion for Cadbury PLC. The Cadbury chairman refused. (The U.K. government stepped in, demanding "respect" for the chocolate maker.) Kraft increased its offer to about $19.6 billion and the two companies finalized the takeover. Cadbury remains the second largest confectionery brand in the world after Mars.

In June 2008 InBev offered to buy Anheuser-Busch for $65 a share in a deal that valued its target at $46 billion. Eventually, InBev upped its offer to $52 billion or $70 a share and shareholders accepted. Anheuser-Busch and Budweiser continue to be household names.

In August 2010 Sanofi announced a bid to acquire Genzyme for $18.5 billion. The board refused. Sanofi negotiated with shareholders, and in February 2011 Sanofi declared the full acquisition of Genzyme for $20.1 billion. Genzyme had merged with or acquired dozens of other businesses in its history. It now employs 11,000 people in some 65 countries.

Monopoly

A monopoly on violence is "a core concept of modern public law" and Max Weber's "defining conception of the state."

What's bad about a monopoly? It removes freedom of choice; everyone has to use the same provider. You may be satisfied with the DMV, but if you're not, too bad. There is no built-in incentive to improve service or reduce costs. When law protects a monopoly, there is no pressure from small, agile startups moving in when a bureaucracy is slow and inefficient.

I can't think of any corporate monopolies that seem harmful on balance. Even De Beers has lost dominance. This could be a success of vigorous antitrust enforcement, but there are natural corrections for monopolistic behavior in the market. Dominant corporations like Standard Oil and Amazon get big and powerful by pleasing customers with low prices (sometimes with ruthless behavior toward the competition). There's always fear that a company like Amazon will grab all the market share by selling cheap diapers and then suddenly pivot, abandoning the business strategy that has made them successful and start jacking up prices to rake in even more profits. If this ever happens it would be the opportunity for startups to jump in and profit by undercutting the big player. Amazon has many advantages in that it can survive price wars (which are great for customers) longer, or buy up competing startups. But unless Amazon can get government protection from competition, it will eventually go broke acquiring a series of copycat startups. Thus Amazon sticks to its proven mission of pleasing customers.

If you don't like the dominant business, you can switch to the nearest substitute or do your best to go without what they offer. It's not a perfect solution, but at least you don't have to spend your money to keep the business in operation. If enough customers think and act like you, the business will wither, creating opportunity for a better provider.

What do you do when you are dissatisfied with a government service?

1. Go without the service. But you'll still pay for it, so nothing gained.

2. Write a letter to your representative. They will send a form reply.

3. Wait for the next election cycle.

4. Find another politician who promises to do a better job.

5. Vote for them. Your vote has almost no chance of changing the outcome. If the election is that close, it will be reviewed and the candidate with more influence will probably win.

6. Hope that the new representative keeps their promises.

Most of the behaviors in these four categories are organized, not individual, so the mystery to me is why corporations would be perceived as more evil than government.

Summing up:

Espionage: Torture, murder and war versus stealing information to make better products, and stealing employees by giving them a better offer.

Sabotage: Literally destroying factories, bridges and hospitals versus destroying the reputation of Brand X.

Takeover: Dropping bombs, murdering and terrifying civilians, killing leaders versus winning over reluctant shareholders with an offer too generous to refuse and sending the leader off with a golden parachute.

Monopoly: By design, services provided by single providers with compromised incentives and low approval ratings versus Apple, Amazon, Disney, FedEx, Netflix, Nike and Starbucks and engaged in a daily struggle for survival won by those who delight their customers better than the innumerable competitors trying to take their places.

You don't have to love corporations; it's certainly not fashionable. But there ought to be some proportion!

wasoxygen  ·  73 days ago  ·  link  ·    ·  parent  ·  post: I Love Corporations

    If you lie to a corporation about your personal information, that might be called "insurance fraud," for which there are absolutely ramifications.

This is only true if I am a customer of the insurance company, which implies that I have agreed in advance to their terms of service. I would expect consequences if I try to cheat the insurance company, and would hold them responsible if they try to cheat me.

EDIT: I can also file a fraudulent claim against another person's policy. That is an example of bad behavior by an individual. How does the corporation respond? Hopefully, the insurance company protects its customers by denying the claim. But sniffing out fraud costs money, so they will sometimes pay out when they shouldn't. A competitive insurance company will seek an optimal level of fraud detection to keep customer premiums as low as possible. The government also has a role, to punish people who commit insurance fraud. An industry source suggests that enforcement is minimal, so "Fraud comprises about 10 percent of property-casualty insurance losses and loss adjustment expenses each year."

    Much like an insurance company, the government compels us to pay a certain amount

No insurance company compels me to pay anything. I am only obligated to pay for insurance that I agree to purchase. I can cancel my policy and stop paying any time I like. It's the government that operates on the basis of compulsion.

    That's called social contract.

As Huemer says, "I understand the arguments that this institution is necessary." But I think the concept bears some scrutiny. My idea of a contract is an agreement made between two parties, in which each side promises to fulfill some obligations. It should be written down somewhere, so everyone understands what the terms are. And most importantly, the parties should consciously agree to the contract. None of this is true of the social contract. We should call it the social tradition.

Huemer makes the case succinctly in a précis of his book: Sam has a problem.

    "But what if I don't want to" has never been a compelling argument to me

"But what if I don't want to tell a stranger about my salary and ethnicity and who I live with?"

"But what if I don't want to sell the house I grew up in to make room for a bypass?"

"But what if I don't want to risk my life shooting at foreigners in a war I believe is unjust?"

"But what if I don't want to arrest a fugitive slave so they will be returned to the South?"

Surely you support occasional resistance to legal authority. The state is not infallible.

The question of political authority is probably a book-length subject. I try to argue that there are cases where the market could provide better outcomes than we now get from government, though neither is perfect. It's true that the market underproduces public goods, since it is hard to profit from them, but providing public goods is a small fraction of what government does.

    You opened a previous portion of the discussion describing how Walmart might increase market share simply by improving their overall customer experience. The implication, I presume, was to illustrate how beautifully the market self-regulates through positive interactions to make both sides prosper. But it ignored malfeasance, because malfeasance illustrates how in the absence of regulation, the market cares only about profit by all available means.

A market requires two sides, buyer and seller. The seller cares only about profit. But the buyer doesn't care about the seller's profit at all, and tends to push in the direction of less profit and less malfeasance, against the buyer at least.

Do you feel Walmart depends significantly on malfeasance for their profits? The complaints I see most are that they drive a hard bargain with their workers and suppliers. This is entirely due to their business strategy of providing the lowest possible prices to customers, who benefit. You mentioned intellectual property protection, that's a hard one to get right, and even if the IP laws are optimal it's difficult to enforce them. bfv noted the shift toward open source software, perhaps in response to the fact that it's hard to sell code so tech companies are shifting toward selling services.

    As for monopolies, they decidedly don't result in cheaper diapers.

Can you cite an example of a harmful monopoly from this century? The first article I found complains that "three companies control about 80% of mobile telecoms." Did Forbes forget what "mono-" means?

    When governments misbehave, they do stuff like murdering hundreds of thousands of civilians.... And I don’t mean in some indirect or speculative way — I mean literally sending employees with guns to go shoot people.... If there were a corporation that did shit like that, people on all sides of the political spectrum would condemn it as the most evil corporation ever.
wasoxygen  ·  73 days ago  ·  link  ·    ·  parent  ·  post: I Love Corporations

My reply will be probably mostly predictable, so I might save it for later. In response to your kind last words, I will certainly agree that this is a silly article, and I shared it expecting that the provocative title and snarky tone would resonate here. There's a principle of charity that says we should try to overlook small defects in the opponent's argument, and digest and respond to the strongest idealized version of the argument we can imagine. I'm not very good at following the principle, though.

Someone once asked a great question of which posts we most wished got more traction, and I had many to choose from.

Some are long and some are stuffy, some are both.

Huemer is unorthodox, but a serious thinker. Take a look at yesterday's Risk Refutes Absolutism where he characterizes Ayn Rand as a crazy libertarian, and tries to find a sort of Bayesian middle way between moral absolutes. I think his approach to morality, Ethical Intuitionism, has some appeal.

I suppose he is letting off steam on his blog, or just having fun outside of the classroom and academic publishing circuit. That's what I am here for; I enjoy sharing the ideas and exploring the different ways people think. Thanks for taking part in the conversation.

wasoxygen  ·  73 days ago  ·  link  ·    ·  parent  ·  post: I Love Corporations

bien sûr, am_Unition où es-tu mec

wasoxygen  ·  74 days ago  ·  link  ·    ·  parent  ·  post: I Love Corporations

This will allow existing businesses to continue, but people without jobs or means still have no way to enter the labor market.

So the employees seize the factory. A thousand workers now each own a 0.1% stake.

Who decides when to upgrade the machinery? Who decides how much to produce? Who decides when to take out a loan and expand? Who makes the difficult decision in lean times to reduce the size of the business to survive, rather than keeping everyone on payroll and risking bankruptcy? What if a worker decides to stop working and count on getting income by eventually selling their ownership stake?

In theory, these questions could be decided by voting and volunteering. In practice, some people are better qualified to make these kind of decisions, and businesses run by more competent leaders have a better chance of success. Imagine an army that decided on tactics and strategy by voting.

Most worker cooperatives appear to be quite small, but it's possible that their worker/owners are happy. As a consumer, I am happy to buy flour from a benefit corporation, but I wouldn't want to give up automobiles or broadband internet.

wasoxygen  ·  74 days ago  ·  link  ·    ·  parent  ·  post: I Love Corporations

    all companies that are owned by anyone other than the workers should not exist

So the only people allowed to work are those who have enough capital to open their own business. If you don't have much money to start with, you can't afford to open a business and you can't work at another business because you're not an owner. No job for you!

wasoxygen  ·  74 days ago  ·  link  ·    ·  parent  ·  post: I Love Corporations

It's hard to define and measure power, but let's set that aside.

Many people don't have enough money to buy a house. The usual solution is rent.

Probably we will agree that someone who owns houses has more power than someone who doesn't have enough money to buy one house. So the landlord has more power.

Under your rule, a lease will be invalid because of the power imbalance. If the landlord knows that the lease will be considered invalid, they have little reason to let the tenant move in. The lease gives the tenant more power, to assure the landlord of a credible intent to pay, compared to a tenant who cannot make a credible promise in the form of a lease.

How are low-power people supposed to rent homes, buy cars, or get jobs if the high-power people know that promises they make will not be considered binding?

wasoxygen  ·  74 days ago  ·  link  ·    ·  parent  ·  post: I Love Corporations

You make many fair criticisms.

It's true organizations are composed of individuals, but I can distinguish my positive overall experience with Costco from occasional negative experiences with individual Costco employees having a bad day. I can laugh with a friendly clerk at the DMV while hating the DMV experience. As individuals, we interact with others as individuals, and also as representatives of larger bodies. I don't see this as a big source of confusion.

The point about TV villians is silly. Maybe Huemer selectively remembers being triggered by heroic presidents played by Harrison Ford, and forgets about the heroic CEOs in ... some other movies I can't remember either.

    So if an individual finesses the fuck out of you but you get something out of the transaction, they're an asshole, but when a corporation does it, it's good.

I'm not sure what you mean by "getting something" here. When you interact with an individual, you might get an insult or a complement, who knows. People are capricious. Huemer argues that corporations have brand reputation to worry about. They make efforts to consistently polish their reputation for good service. Corportations that do poorly at this tend to lose customers and lose business. Heck, corporations that do a half-decent job of customer service go out of business because other corporations really excel.

This kind of feedback doesn't really exist for individuals; people can be jerks, yet see themselves as angels or victims, and live their whole lives dragging others into their misery.

"Sometimes, you see an irate and unreasonable customer loudly berating an employee of some business over the business’ perceived failure. The employee generally listens patiently and tries to fix the problem."

Is this not your experience? Do you agree that the response would likely be very different with a law enforcement officer? You asked if I have seen the police escort someone out of a business. Sure, people tend to be more docile with police, and if they're not the consequences escalate quickly. Do you not prefer interacting with employees over the law?

    Peter Singer and the Centre for Effective Altruism

If you have a good response to Singer I would love to hear it. I have donated about 0.05% of my net worth to the Against Malaria Foundation, and I can't prove that such a paltry amount saved any lives. But after seeing and hearing that damn story about the drowning child so many times, I can't find a way to be comfortable spending a thousand dollars on a cell phone.

Once again, I am surprised to find Hubski expressing the allegedly libertarian trope that we have no responsibility to worry about the welfare of others. This time because suffering is not sufficiently quantifiable? If you think it's a bad idea to try and direct money toward causes that appear most likely to relieve suffering, I would like to understand why.

    They have literally all that shit.

Fair, the government has customer service numbers and workers who try to resolve complaints. Perhaps a more charitable interpretation is that the government doesn't have as much at stake when trying to please us "customers." We don't have an alternative place to register cars, so if you do run into trouble you're out of luck.

    This philosophy bro has never read jack shit on the concept of the nation state.

In fact, he wrote a book on the concept.

    Okay, so now what happens when another organization such as another government decides to invade your fucking country?

That's a great question. His position is outlined in Chapter 12.

It's not completely satisfying. Getting invaded by a foreign government is very bad, and our strategy of building even more bombs than the other governments seems less than ideal. A national military is no guarantee either; plenty of countries get invaded despite having militaries. I don't count it as a huge defect that Huemer has not solved war.

    I'm not sure how a private police force is supposed to mitigate this. Remember a democracy at least gives people equal right to vote. Individuals do not have equal amounts of money.

I'm not sure either, but I have some ideas.

People may have an equal right to vote, but half do not find doing so worthwhile. People who can't afford lobbyists or activism might find it difficult to catch the ear of elected officials, but corporations are happy to offer them the same gasoline, shoes, and food that they offer to anyone else.

wasoxygen  ·  74 days ago  ·  link  ·    ·  parent  ·  post: I Love Corporations

You could argue that, and you or someone else could start a company under those principles. Margins in online retail are thin, typically under 5%, so there isn't a lot of extra money floating around to cover additional expenses.

The average Amazon salary is about $29,000. With about half a million employees, total salary is about $14 billion. Even if Jeff covers out of pocket, doubled salaries would bankrupt him after a decade, not that we should feel sorry for him.

Amazon would have to make other adjustments to stay in business. Employees might be trained to work harder, but those who do not generate $30 worth of revenue in an hour would be dismissed and replaced with more automation.

If Amazon raises prices much, customers will go to other retailers and Amazon won't receive enough revenue to make payroll, and the $30 salaries will turn to zero when Amazon folds.

wasoxygen  ·  74 days ago  ·  link  ·    ·  parent  ·  post: I Love Corporations

Competition might be better than you think, Walmart captures less than 10% of U.S. retail, Amazon less than 7%, and Target is behind Amazon. But if you find the notion of voluntary exchange for mutual benefit immoral, it hardly matters where we shop.

Thanks for sharing your thoughts, I enjoyed hearing your perspective and don't want to provoke any shouting :)

wasoxygen  ·  74 days ago  ·  link  ·    ·  parent  ·  post: I Love Corporations

    No - customers don't share any responsibility.

I just opened my last sack of King Arthur flour, which I learned about here. It costs more, but I feel good knowing that I am supporting a business where workers are treated well. I also pay more for eggs with a Certified Humane label. I know I am not saving the world, but at least I can do the best I can to make my contributions support better practices.

Do you think my shopping habits make no difference, or they do make a small difference but it's the government's responsibility to ensure good business practices so I should stay out of it? Usually it's the libertarians who get blamed for saying "I took care of myself, it's not my problem to worry about others." Do you really sense no tension when someone blasts Amazon for not spending more on employees while also paying $120 a year to be a VIP Amazon customer, citing their low prices?

    If one corporation is undercutting others by paying its employees less than living wage and selling inferior products, and also using this to put their competition out of business so that there are no alternatives, that is the fault of the corporation, not the consumers.

I do agree it is the management's responsibility to choose a business strategy. Both of the practices you mention would put a business at a disadvantage. A business that pays better wages will get first pick among employees, and a business selling better products can expect to ring up more sales.

The cheap strategy can work if the business passes their savings on labor and quality to customers. Keeping prices low is exactly how Walmart survives while Costco sells better merchandise and gives employees better compensation. (It seems that Walmart actually gives their employees a bigger portion of the revenue they earn for the company than Costco, despite paying lower average salaries.) We should also remember to include the savings enjoyed by the customer (in the case of Walmart, typically a less-affluent demographic) as a positive.

    public transportation is a public good

I can never remember these things so I had to look up the definition and public transportation does not meet the two criteria of public goods:

Non-Excludability: it is possible to keep people out who don't pay for the service; that is what the turnstiles do.

Non-rivalrous: when one customer takes a seat, no one else can use that seat.

It's still possible to argue that low-cost public transportation is an important ingredient in social health; and you mention many plausible benefits. Maybe an abstraction like "efficient urban transportation" is a public good. From a practical perspective, I am skeptical. It seems to me that we spend quite a lot on public transportation, it invariably fails to make any profit (unless you count the contractors who do very well building infrastructure) and requires large subsidies, and also serves affluent customers much better than the poor. I think low-cost, flexible bus service makes a lot more sense, but light rail (and super-expensive high-speed rail) gets a lot more public support. If public transportation in practice worked better at meeting the goals you describe, I would be more supportive.

wasoxygen  ·  74 days ago  ·  link  ·    ·  parent  ·  post: I Love Corporations

The purpose of the article is to ask if our mistrust in corporations is proportional to corporate misbehavior, compared to government or individual behavior. I am suggesting a "follow the money" approach, arguing that if someone offers money to get something done (build a car, drop a bomb) they share responsibility when that thing happens. This is the way the law works; you can't hire a hitman and then say you are innocent because you didn't pull the trigger.

You mention corporate espionage, corporate sabotage, and hostile takeovers. Who is the victim of these practices? Most directly, other corporations. If you are hostile toward corporations, you might welcome these practices. I don't worry about them very much. Walmart destroyed Sears (let's say), now they see Amazon as a threat. If Walmart steals secrets about how Amazon pleases customers, perhaps with technology enabling one-click purchases, then Walmart can improve customer service by adopting those practices. Let Amazon take them to court, why should customers care?

You mention monopoly. Do you feel threatened by monopoly? Most of my spending goes to corporations, and I have a dizzying number of choices; I get lost trying to make a decision of where to shop.

Price wars, hostile takeovers, cutthroat business practices, it sounds like hell in the board room. But from the customer perspective, I see cheap diapers.

The East India Company may be a fair example of commercial abuse of power in the 1800's, but it basically was the government in India, exercised military power, and does not reflect business practices today. Can you really compare them to Google or Facebook, who make money by advertising?

I would ask if a private agency like Pinkerton is better or worse in terms of strikebreaking than similar behavior by police and military forces.

Who are the customers of Blackwater and Northrup Grumman? Ultimately, taxpayers provide the money, but not by choice. If you don't love the work they do, your quarrel is with the organizations paying them to do it.

Corporations are reviled for collecting data about customers. How do they get the data? By watching how people use their services, and sometimes asking questions. Sometimes they provide compensation for data, a "token of appreciation" for taking a survey, or providing me with free links to information on any subject I ask for. (One of your links is to a Google search -- if you don't trust corporations, why do you use one to find links? If you can't live without finding links, why not at least use one of the smaller search engines instead of the world's largest?)

If I lie to a corporation about my personal information, nothing happens. If I lie on the census, the penalty is $500. The census has a noble intent, but if I happen to believe public money won't in fact be more equitably and efficiently allocated based on my postcard, why must I be threatened to fill it out?

wasoxygen  ·  74 days ago  ·  link  ·    ·  parent  ·  post: I Love Corporations

    People hate corporations because they see them taking an active role in destroying anything that doesn't make corporations more profit.

If this is true it seems strange. Walmart does not profit from the planet Jupiter, and Walmart makes no effort to destroy Jupiter. Walmart does not profit from Sears either, and how does Walmart destroy Sears? By providing customers with better prices and better service. Walmart doesn’t bomb its enemies or threaten customers, it lets customers decide which retailer treats them best.

Walmart does harm too, but the article asks us to compare our daily experience with Walmart to that with government and individuals.

[Update: I just checked the mail. I got a postcard from the government which threatens to take $100 from me if I do not obey its instructions, and dozens of invitations to save money from organizations that don’t bomb their enemies.]

wasoxygen  ·  74 days ago  ·  link  ·    ·  parent  ·  post: I Love Corporations

I agree that corporations are motivated by money. Generally, they don’t just take people’s money, they have to give something people want in exchange. Do customers share responsibility for the bad consequences you describe? I’ve seen people criticize Amazon for being cheap to employees, while also saying they shop at Amazon to save money.

Streetcars seems like a good example. Horse-based transportation was dirty, slow, and uncomfortable. Corporations offered streetcars as an alternative and customers preferred the clean, fast, more comfortable ride (despite unsavory behavior by some streetcar operators).

Then corporations offered automobiles, even cleaner, faster and more convenient. “By 1930, most streetcar systems were aging and losing money.” Customers had already made their choice by the time GM started ruthlessly putting nails in the streetcar coffin.

I appreciate having a car instead of relying on animals or streetcars to get around. I don’t like GM cars, so I am pleased that there are so many corporations providing me with alternatives at no cost to me.

wasoxygen  ·  75 days ago  ·  link  ·    ·  parent  ·  post: I Love Corporations

    Would you act differently if you ran a corporation? Let’s say [random big corporation] offers you the CEO position tomorrow. It comes with a $10 million annual salary. (I’m making that up — I don’t know how much the actual salary is. But that’s realistic for a big corporation.) You have the option of reducing your salary and giving the remaining money to your employees. You could cut your salary by, say, $9.9 million (who needs more than 100k a year?), distribute that money to the employees, and in doing this, raise each of their annual salaries by $13... Would you do that?

I don't think the detail of Bezos' actual salary of $81K plus benefits is really relevant to the argument.

Would a $1 per month raise for the workers persuade you to give up most of your salary?

Most of the Bezos fortune came from stock. Before Amazon raised the minimum wage to $15, warehouse employees received two shares of stock on hiring, and an additional option every year.