They™️ are hard at work cutting humans out of the production loop in order to remove the "Salaries" line item from the expences sheet & be able to offer their products to the #market at lower cost.
But... what market?
If They™️ own all production & don't pay anyone for their work, how are people supposed to afford anything, let alone frivolous & idiotic convenience products, a.k.a. 95% of Silicon Valley's output?
In theoretical #market#economies, the high logistical efficiency of monopolies does not become a problem, because a new startup can always come with a new innovative technique, compete with prices and refuse to sell to the sluggish juggernaut.
But real-world market economies have regulatory capture & all other kinds of abuse of power.
And in real-world political systems monopolies bankroll policians to keep telling the story of theoretical markets, watching their power & money expand further.
Taken at Patel Brothers on Devon Avenue during one of our frequent trips to get good food and groceries. Since I started posting here, I notice certain things more often and this photo just struck me.
Went to the Albert Park farmers market this morning. Oddly I never buy much at these things, it's mostly an excuse to meet up with friends who do buy stuff while I walk around admiring the produce and meeting dogs. So many dogs!
The Albert Park market is in a park once occupied by a gasworks, nice spot. Also easy to get to via the number 1 tram. 🚃
The Far Right’s Campaign to Explode the Population >>
"The threat, we are told here this weekend, is existential, #biological, epoch-defining. Economies will fail, #civilizations will fall, and it will all happen because people aren’t having enough #babies.
“The entire global #financial system, the value of your money, and every #asset you might buy with money is defined by leverage, which means its value depends on growth...." >>
>> "...of its aims; for many in the room, the ultimate goal is a total #social overhaul, a #culture in which child-rearing is paramount.
At first glance, this conference might look like something new: A case for having #kids that is rooted in a critique of the #market-driven forces that shape our lives and the shifts that have made our culture less #family-oriented....declining birth rates are primarily the fault of “default middle-class ‘life path’ offered by our educational system and ...>
I have a newish, well-used Dell Inspiron 5301, 8GB RAM, pretty sure it has an 11th Gen i5. And a newish larger than stock battery. Brand-new keyboard and trackpad.
I'm hoping to sell it, collection only. I'm located in the East Midlands, UK. It currently has Windows 11 and drivers installed, but I can install any OS you'd like.
#Tesla’s Profit Fell 55%, Adding to Concerns About Its Strategy
The first-quarter results will very likely fuel worries that competitors will continue grabbing a bigger slice of a #market dealing with slowing #ElectricCar sales.
Another one with the #LongExposure feature on the #PixelCam. Not a big fan of the renovation work at this market in #Porto, but I guess it works for the pictures. 😅
During the historic gathering of 3 #UnitedStates presidents last night, pro- #Palestinian protesters interrupted the event. Again, instead of ignoring their protestations, the presidents addressed the concerns.
All 3 men remarked on the #Israel#Hamas#war in #Gaza, reflecting on the difficulty of trying to solve intractable challenges such as #MiddleEast#peace as #POTUS. #Biden said there have been “too many innocent victims, Israeli & Palestinian,” in the conflict.
American economic pessimism has been bafflingly persistent despite major indicators showing that the economy is actually strong. Unemployment is low, #inflation is significantly down, #wages are up, the stock #market is hitting new all-time highs, & it looks like TheFed might keep the US out of a #recession.
One of the world's richest companies is now under fire from the #UnitedStates govt. #Justice & 16 states filed a #lawsuit against the Silicon Valley giant on Thurs, accusing the company of abusing its #power as a #monopoly to edge out rivals & ensure customers keep using its products.
The lawsuit centers around claims that #Apple stopped smaller companies from accessing the #hardware & #software in its #iPhones, which led to fewer options for #consumers.
Apple is worth ~$3T, making it one of the highest valued cos in the world. & its iPhone is one of the most popular phones on earth, dominating the global #market, acc/to market analyst firm IDC. The #DOJ alleges it's by no coincidence that Apple was able to ensure its place at the top.