People are (sometimes willfully) confusing "the current status quo is fucked" with "there is no improvement resulting from the measures taken by the administration". The former is true - the latter is not.
I get that this is nominally how capitalism is supposed to work, but I think that putting the investor as the first, last, and only consideration has caused a proliferation of slash-and-burn style short-termism. It’s fake growth because it’s not actually sustainable, everyone knows it, but you just try and keep it up until the next short term scheme can keep your stonks inflated.
It's very true. When the owner-class still dominated decision-making, there was a level of rationality in firm behavior - as there were owners who felt that the firm was their property, they were motivated to keep it healthy. Shear the sheep. From the viewpoint of the owner, this is rational - there is no sense in destroying what makes you money in the long term.
But investors have no such urge, and as the investor-class has come to dominate decision-making and not just capital allocation, they've begun slaughtering the sheep to gorge themselves and move onto the next. This, from their viewpoint, is perfectly rational decision-making - they are maximizing their gain from each investment, wringing it dry, and then leaving what's left (preferably before the stock crashes) to find a new, healthy host. I mean, investment. They have no incentive to maintain the health of the firm, not even in an exploitative sense. What is it that Marx calls them? Rentier capitalists?
It's not sustainable. Not even by capitalism's admittedly low standards.
President Biden paused an arms shipment to Israel last week to prevent the U.S.-made weapons from being used in a long-threatened assault on the city Rafah, administration officials said on Tuesday night, a sign of the growing rift between Washington and Jerusalem over the conduct of the war....
"Keep, ancient lands, your storied pomp!" cries she
With silent lips. "Give me your tired, your poor,
Your huddled masses yearning to breathe free,
The wretched refuse of your teeming shore.
Send these, the homeless, tempest-tost to me,
I lift my lamp beside the golden door!"
And our broken immigration system fails these people time and time again.
Hassan said soldiers sometimes shared their food with the children in her family, but the relief was limited. She and the other adults began skipping meals, sometimes for two days straight, so the children could eat. Tree leaves boiled in water and sprinkled with spices became a part of their diet....
A woman's blouse, belt, and skirt, Denmark, 1700-1100 BCE
Tsarsky Kurgan in Crimea, Ukraine
Monks and booze - name a more iconic pair
Feeling the heat
Painting of the excavation of Pompeii
Fiat 2000, post-WW1 Italian tank, Libya, 1919?
CNN's Burnett asks Biden how he is going to turn the economy around. He said he already has. (www.cnn.com)
Disney bets on sequels and password crackdown for profit growth (www.bbc.com)
Disney is banking on a password crackdown and spate of sequels as it pushes to make its streaming business profitable....
Biden Puts Arms Shipment to Israel on Hold Amid Dispute Over Rafah Attack (www.nytimes.com)
President Biden paused an arms shipment to Israel last week to prevent the U.S.-made weapons from being used in a long-threatened assault on the city Rafah, administration officials said on Tuesday night, a sign of the growing rift between Washington and Jerusalem over the conduct of the war....
Overgrown ruins of Murud-Janjira, modern India
Merovingian warrior, 5th century AD
German executioner's sword with engraving, 17th century AD
TWO Bolters!
British plane refueling at Semakh, Palestine, 1931
There’s been a major shift in demographics at the border. Here’s what’s behind the change. (www.nbcnews.com)
“This is not a U.S.-Mexico border problem. This is now a worldwide issue,” a former Homeland Security official said....
Say hi to Carl before his glorious victory!
( ͡° ͜ʖ ͡°) (i.postimg.cc)
U.S. soldier detained in Russia and accused of stealing, officials say (www.nbcnews.com)
The soldier, who was stationed in South Korea, traveled to Russia on his own to visit a woman he was romantically involved with, officials said....
As famine looms in Sudan, the hungry eat soil and leaves (www.reuters.com)
Hassan said soldiers sometimes shared their food with the children in her family, but the relief was limited. She and the other adults began skipping meals, sometimes for two days straight, so the children could eat. Tree leaves boiled in water and sprinkled with spices became a part of their diet....