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Cake day: June 14th, 2023

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  • hangonasecond@lemmy.worldtoComic Strips@lemmy.worldNeuralink
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    19 hours ago

    1, the comic is a joke, and 2, the author obviously doesn’t believe the technology will exist imminently since the premise is what Elon has promised it will do, not the actual science and what is currently possible.

    Stop giving the benefit of the doubt to somebody who has repeatedly and demonstrably lied about the capabilities of things they have a financial interest in. He has more money than God, in part in thanks to his deceit, he really doesn’t need your help.






  • Your comment is weirdly aggressive and is entirely predicated on the idea that we can’t have any economic system other than the one where the ownership class and the working class are distinct.

    The whole point of workers owning the means of production is that they will take on the risk as well as the reward. The belief in that idea conjoins with the belief that it shouldn’t be possible to profit from the labour of others purely because you have money to start with. It’s conjunctive with the belief that the investor class is surplus to requirements.

    An argument against this is, how would we maintain productivity if no wealthy people were investing in new businesses or in reviving dying ones? There are entire industries that exist only to feed into this machine. This system, that claims to be only motivated by increasing productivity to increase profits, is only putting the brakes on human advancement and betterment of our quality of life. Advertising is, by many measures, the largest industry in the world. So much talent and effort is exerted on how best to sell people a product they don’t need, an art form mostly now perfected to convince us we can’t live without these things, all in the name of profit.

    I’m not well read enough to say that I definitely believe that the world would be better if we enforced worker co-ops. There’s so many other ways things could go wrong. I do think you need to open your mind to the fact that the systems we have in place exist only due to opportunism of those who came before us.






  • That’s not really true. Banks getting higher interest on loans also pay out more interest on deposits, otherwise they’re unable to attract and retain customers. FI profitability is based on net interest margin (revenue from lending - losses from deposits), and they need deposits to have the money to lend out so they can’t arbitrarily lower their deposit account rates to increase NIM.

    Banks get richer no matter what happens, because people need loans. If anything, higher rates make it more challenging for banks to make money as people are less able to make repayments and less likely to take out loans for luxury purchases or holidays.