"On tax day, when millions of American taxpayers and small businesses pay their fair share to support critical public services and the economy, they will also get stuck with a multi-billion dollar tax bill to cover the massive subsidies and tax breaks that benefit the country's largest employer and richest family": Walmart and the Walton family. Walmart's low-wage workers cost U.S. taxpayers an estimated $6.2 billion in public assistance including food stamps, Medicaid and subsidized housing, according to this report, published to coincide with Tax Day, April 15. Americans for Tax Fairness, a coalition of 400 national and state-level progressive groups, made this estimate using data from a 2013 study by Democratic Staff of the U.S. Committee on Education and the Workforce. "The study estimated the cost to Wisconsin’s taxpayers of Walmart’s low wages and benefits, which often force workers to rely on various public assistance programs." The report finds that a single Walmart...

In the 1980s, tobacco giants Philip Morris and R.J. Reynolds acquired the major food companies: • Kraft • Nabisco • General Foods Allowing tobacco firms to dominate US’s food supply and make BILLIONS from Oreo cookies, Kraft Macaroni & Cheese, and Lunchables.

Is tech your thing? Four of the Magnificent Seven—Microsoft, Meta, Amazon, and Apple—will drop their reports throughout the week. More into value meals and people spelling your name wrong? Check out McDonald’s on Monday and Starbucks on Tuesday. Are troubled airplanes what get you out of bed in the morning? Boeing’s earnings are coming Wednesday. A fossil fuel enthusiast? Exxon and Chevron will cap the week on Friday.

On Windows Phone showing all details about a contact at once:

Meanwhile, Skype, Facebook, etc hated that feature. They didn’t just hate that it diverted eyeballs from their own apps, they believed in their bones that it was a worse, hobbled experience. Companies are motivated to push their features and products everywhere and monetise them. Asking them to water down their product to provide a simple feed of data was a hard sell. It went against every bone in their capitalist body. Better experience for some users, much worse experience for corporations.

Capitalism solves selected human problems whose solutions are profitable. If the problem itself is profitable, it doesn't solve it at all. (Case in point, pharmaceutical industry that treats incidences of cancer as potential future customers.) It often creates problems that profit them.
Moloch


[drafts]
The biggest argument against capitalism is that we need to solve human problems but it solves problems that are profitable, or have potential to be profitable.

Additionally, it doesn't really solve the problems that are profitable to them. Case in point, pharmaceutical industry that treats incidences of cancer as potential future customers. And it creates problems that profit them.

That is:
Capitalism solves only the problems that are profitable when solved. Or, it doesn't really solve the problems that are profitable to them. And even worse, it creates problems that profit them!

In the earlier stages of the process, capitalism becomes more and more uncoupled from its previous job as an optimizer for human values. Now, most humans are totally locked out of the group whose values that capitalism optimizes for. They have no value to contribute as workers — and since in the absence of spectacular social safety net, it's unclear how they would have much money — they have no value as customers either. Capitalism has passed them by. As the segment of humans who can be outcompeted by robots increase, capitalism passes more and more people until eventually it locks out the human race entirely, once again in a vanishingly unlikely scenario.

+ 34 more blocks