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Re:Why Markets Boomed in a Year of Human Misery by maria_weber23 on Saturday January 02, 2021 @12:51PM (#25614656)
That would be a death sentence for the current administration. It's always the same game. Whoever is in power does EVERYTHING imaginable to make themselves look good and unload all the fallout into the next term(s), which is often held by the opposing party, and if not, the game of deferring will simply continue... Until at some point it simply can't and we get a big bang.

Why are people still thinking that taxing high earners is an option? The world is ruled by rich people, why would they tax themselves? Doesn't make any sense. Democracy is nice, until all the choices you have, exhibit the same underlying core values that you disagree with.

Normally all successful parties will aim for the middle, where there are most voters. The ones that don't, are marginalized and perhaps have some chance at succeeding during times where voters go astray and just vote some extremists out of sheer frustration (like it happened in Germany a couple of times). But that never lasts. This seriously limits democracy, as you can be sure that some values will never change, because there is no party with enough votes to make these changes.

Instead, what we need is Democracy 2.0, where the people vote on individual packages, not parties. Switzerland may be the only country where that works out quite well.

Re:Why Markets Boomed in a Year of Human Misery by leetcrew on Saturday January 02, 2021 @01:37PM (#25615141)
> Why are people still thinking that taxing high earners is an option? The world is ruled by rich people, why would they tax themselves? Doesn't make any sense. Democracy is nice, until all the choices you have, exhibit the same underlying core values that you disagree with.

for the most part, "high earners" are not rich people; they are the upper-middle class. the richest people make the vast majority of their income from investment returns, and are often able to avoid having it count as "income". the very rich are quite happy to have taxes increased on high salaries in exchange for maintaining the status quo re investments.

> Instead, what we need is Democracy 2.0, where the people vote on individual packages, not parties. Switzerland may be the only country where that works out quite well.

this much I can agree on. why do I have to choose between guns and abortion?

Re:Why Markets Boomed in a Year of Human Misery by soared on Saturday January 02, 2021 @01:09PM (#25614838)
My counterpoint to Democracy 2.0 is dead simple: If we could buy a car that was $2,000 cheaper (but had no seatbelts), many Americans would.

Humans are bad at some things. Understanding complicated situations where they aren't experts is one of them - Statistics, safety, complicated systems, etc.

Also, reddit is in many ways democracy 2.0 and they upvote literal fake news all the time.

Re:Why Markets Boomed in a Year of Human Misery by denimnerd42 on Saturday January 02, 2021 @01:36PM (#25615116)
you can, it's called a 3 wheeled motorcycle.
Re:Why Markets Boomed in a Year of Human Misery by altdatathrow on Saturday January 02, 2021 @01:16PM (#25614907)
Information overload leads to people seeking succinct information and answers. The upvote/downvote systems ubiquitous today are easily manipulated to spread misinformation, propaganda, and fake news.

We need to do away with upvotes and downvotes. It’s manipulated everywhere it exists.

Re:Why Markets Boomed in a Year of Human Misery by falcolas on Saturday January 02, 2021 @01:26PM (#25615021)
It won’t happen. And the reason is: It outsources community curation. A couple of moderators can manage millions of posts, because they only need to pay attention to the outliers. It also allows the moderators to easily fall back on “it’s what the community wants” when the core values change.
Re:Why Markets Boomed in a Year of Human Misery by SpicyLemonZest on Saturday January 02, 2021 @01:26PM (#25615013)
And even when not explicitly manipulated, the wrongness is baked into the system. At least once a week, I catch myself rewriting a comment not to improve it but to increase my chances of getting upvotes. How many claims do I make, how many positions do I believe, simply because I know somewhere in my subconscious that they'll get upvotes?
Re:Why Markets Boomed in a Year of Human Misery by imglorp on Saturday January 02, 2021 @01:09PM (#25614832)
> vote on individual packages

On that note, Congress has had a rider problem forever. It's unconscionable how legislation get clumped together to a) force a vote on some generally positive thing while b) avoiding accountability and c) sneaking all kinds of evil opposites into the same package.

Re:Why Markets Boomed in a Year of Human Misery by Retric on Saturday January 02, 2021 @01:02PM (#25614767)
America fairly recently actually taxed high income earners and companies, so politically it’s very possible. Increasing the AMT by say 5% while raising the minimum threshold to say 500k would have vast popular support and a huge backlash from rich people. Determine who wins that fight is just another political battle.
Re:Why Markets Boomed in a Year of Human Misery by vmception on Saturday January 02, 2021 @01:32PM (#25615079)
but politicians play a game of semantics to accomplish nothing and appease their base

in tax contexts, "income" means about 3 different things, but to angry people it means one thing: "everything you earn that year"

the reality is that "income" is a subset of earning types, and the rich people anyone actually cares about do not earn much "income" and are therefore continually exempted from the populist fury

taxing high income earners just hurts the upper middle class and business owners

it is entertaining but disheartening to see so much energy put toward the same result over and over

Re:Why Markets Boomed in a Year of Human Misery by jokethrowaway on Saturday January 02, 2021 @01:41PM (#25615179)
If the majority of your earnings are income, you're likely nowhere close to the rich people that influence politicians
Re:Why Markets Boomed in a Year of Human Misery by orthecreedence on Saturday January 02, 2021 @01:05PM (#25614795)
> what we need is Democracy 2.0

Or STV, approval, STAR, etc etc literally ANY kind of voting system besides FPTP.

Re:Why Markets Boomed in a Year of Human Misery by jokethrowaway on Saturday January 02, 2021 @01:36PM (#25615118)
Democracy is still majority rules, which means a huge part of the consumers of government are still forced to accept conditions they don't like. There is also that mafia bit about having to give away part of your earnings or you go to jail.

We need to decentralise the system so that fewer majority votes are needed (ideally, zero) and politicians hold less power (ideally, zero).

Most state functions can be privatised trivially. Some are more complicated but it doesn't seem like we're moving in this direction at all.

Every year the government spends more of the money stolen from taxpayers and keeps getting bigger and more powerful (and probably more corrupt).

Re:Why Markets Boomed in a Year of Human Misery by turbinerneiter on Saturday January 02, 2021 @01:48PM (#25615247)
Can you give me an example for a privatised service that is doing better than the public one?

Because I only have negative examples, where after privatization prizes went up and quality went down.

Re:Why Markets Boomed in a Year of Human Misery by alentist on Saturday January 02, 2021 @02:29PM (#25615636)
Read up on SELTIC (the Service, Efficiency, and Lower Taxes for Indianapolis Commission) and how their privatization initiatives dramatically improved Indianapolis.

https://bg.hbr.org/1997/05/can-business-really-do-business-w...

https://www.govtech.com/magazines/gt/Indianapolis-Mayor-Step...

https://fcpp.org/2018/05/04/the-indianapolis-champ/

Re:Why Markets Boomed in a Year of Human Misery by jokethrowaway on Saturday January 02, 2021 @08:17PM (#25618421)
Private health care in Europe.

The cost of public health care is staggering and the quality is abysmal. If you can afford it, if you have something serious and you don't want to wait for ages or get poor equipment or lack of testing, you'll go private even in Europe.

I'd say private health care in the states is very successful as well (high quality and research) but the prices are ridiculously inflated because of government / insurances.

Re:Why Markets Boomed in a Year of Human Misery by germinalphrase on Saturday January 02, 2021 @01:53PM (#25615295)
It’s an article of economic faith that private parties will always, by definition, provide superior outcomes with reduced costs.
Re:Why Markets Boomed in a Year of Human Misery by alentist on Saturday January 02, 2021 @02:18PM (#25615530)
It’s an article of economic faith that government parties will always, by definition, provide superior outcomes with reduced costs.
Re:Why Markets Boomed in a Year of Human Misery by germinalphrase on Saturday January 02, 2021 @02:51PM (#25615830)
I have never encountered your position in the wild.
Re:Why Markets Boomed in a Year of Human Misery by alentist on Saturday January 02, 2021 @03:01PM (#25615936)
I highly doubt that.
Re:Why Markets Boomed in a Year of Human Misery by germinalphrase on Saturday January 02, 2021 @03:36PM (#25616250)
Perhaps my perspective is skewed by living in the Midwest. By virtue of some private interests, I interact with quite a few very conservative people and perhaps the ‘average man on the street’ is already more culturally conservative than on the coasts.

I maintain my position though. I really have never come across a person in conversation who would take an absolutist position that government action is always going to be better than private enterprise, but the opposite absolutist position is somewhat common.

It say it’s an article of faith because the people I’ve spoken to are not up for discussion about it. They have established their belief and nothing will cast a shadow of doubt upon it.

Re:Why Markets Boomed in a Year of Human Misery by alentist on Sunday January 03, 2021 @05:24PM (#25625788)
> I interact with quite a few very conservative people and perhaps the ‘average man on the street’ is already more culturally conservative than on the coasts.

You’re claiming that all these people you’ve met are anarcho-capitalists? Are you under the impression that cultural conservatism means anarcho-capitalism?

> but the opposite absolutist position is somewhat common

You’ve provided no evidence that it is more common. In my experience, the opposite is true.

Re:Why Markets Boomed in a Year of Human Misery by turbinerneiter on Saturday January 02, 2021 @03:57PM (#25616456)
I also never meet anyone who has such an extreme view on things.

Here in Europe, we believe that certain things should be public: education, roads, health care, social security, basic research, while other things should be private, like smartphones, cars, ...

And I think for most of the things we like public, there is a good evidence that it should be. I.e. Euro style health care systems spend less money per patient while achieving a higher average lifespan when compared to whatever system the US has.

In general, the argument for private systems is that since they have to make a profit, they will be more efficient. In reality, they have to make a profit, which public systems don't have to. Public systems however have the same price pressure than private systems, since people put this pressure up via democracy.

The biggest issues I see is that public systems are less capable of big innovation vs. small process improvements. This can be tackled via the basic research done at public universities + the private sectors work to bring these to market.

Also, if you follow Peter Thiele Line of thought on how every business should strive for monopoly, so they can take monopoly profits and "focus on the product instead of the competition" - a public service that has granted this monopoly by law would be perfect: they have no competition, so they can focus on making the best product, and they don't have to make a profit, which means they can operate at cost. Now, I don't think it's as easy as that, but in the end, if you stop being an extremist, you can mix and match all kinds of system to use what is best, instead of striving for something that is ideologically pure.

tl;dr: I want my smartphone from private companies competing for the best product, I want my water from a public utility.

Re:Why Markets Boomed in a Year of Human Misery by jokethrowaway on Saturday January 02, 2021 @08:30PM (#25618480)
Saying what all european think is a bit of a stretch.

I'm European and I think zero things should be public. I absolutely don't like the European Union and where it's going.

The problem is that if you don't have any incentive to make ends meet because you're spending someone else money, slowly but surely you'll have inefficiencies in the system.

Too many employees, someone making sure a public contract goes to a friend for more money than it should, politicians expensing flights right and left, a service being provided which nobody uses (think about some bus lines).

The same happens in large organizations where who's footing the money doesn't have visibility. The government is the ultimate giant corporation - with the added bonus of not having to make a profit!

We can't say for sure how much money we're wasting, but government spending always grows bigger and I don't see public services improving or providing more value over time.

The last pandemic highlighted how much worse public health got in many countries in Europe. How did that happen and where did the money go?

An inefficient government starts eroding public services, spending the same and offering less, until there's a big crash and then there is nothing.

We saw a bit of that in Greece, we'll probably hear more from Italy soon.

I think we're years away from a collapse similar to the one experienced by eastern European countries post Soviet Union.

Re:Why Markets Boomed in a Year of Human Misery by d1zzy on Monday January 04, 2021 @01:13PM (#25635481)
I grew up in a communist country, everything was state owned, everything was crappy (I mean quality wise) and generally out of stock but hey, it had amazing price (dictated by the state of course), theoretically anyone could afford it. That resulted in huge lines waiting for small stock drops (not unlike the new PC hardware situation with scalpers these days, which is funny) of chicken, electronics, bananas. Of course, it was even better if you knew someone working at those stores, then you'd get a heads up or they'd "reserve" some for you.

So in general I'd say I've seen government fail to run plenty of businesses. A more modern example would be PG&E which is in this weird situation where it's so regulated that it's almost government run but it's technically a private entity. There are also plenty of pure private entities that haven't run well (but at least, such entities end up being bankrupt, a healthy alternative for non-profitable private businesses).

So in my experience, seeing both private and publicly run companies fail, I've started to think that this aspect of it (being privately or publicly controlled) is not what makes the company run well but it's one of the many factors that can contribute to it. I think a more important factor are the interests, skills, will and agenda of those that control it, regardless of whom they answer to (voters or board).

And let's not discard the particularities of each business. Some enjoy a natural monopoly, others face tough competition. These are more important aspects contributing to efficient use of resources than, again, who the CEO answers to.

Re:Why Markets Boomed in a Year of Human Misery by joejerryronnie on Saturday January 02, 2021 @02:09PM (#25615441)
I’ve read about this form of government in Snow Crash. High speed pizza delivery seems to be a good investment.
Re:Why Markets Boomed in a Year of Human Misery by nine_zeros on Saturday January 02, 2021 @01:00PM (#25614756)
> Instead, what we need is Democracy 2.0, where the people vote on individual packages, not parties. Switzerland may be the only country where that works out quite well.

This is hard and inefficient in a large country with an underlying population that lacks critical thinking.

We could instead use a multi-party system where multiple voices are raised in the house and senate votes.

Re:Why Markets Boomed in a Year of Human Misery by jfengel on Saturday January 02, 2021 @01:42PM (#25615181)
The voices actually are raised, in the hearings. You can watch some of them on C-SPAN. The floor of a chamber with 100 or 435 members isn't really suited for debate, but it does happen. The vote is the very tail end of a long deliberative process.

Most people only look at that tail end because the deliberation is dull, but if you want to know what it looks like, much of it is available to the public.

Re:Why Markets Boomed in a Year of Human Misery by jlokier on Saturday January 02, 2021 @02:39PM (#25615719)
And yet on some of the big headline issues, those tail-end votes are split almost perfectly 50:50 along party lines.

Which leads people to think, correctly, that independent-minded critical thinking is not determining those votes.

Re:Why Markets Boomed in a Year of Human Misery by jfengel on Sunday January 03, 2021 @11:39AM (#25622801)
It's not the vote, which is binary, but what they're voting on. It takes an enormous amount of effort to shape the language. The details matter.
Re:Why Markets Boomed in a Year of Human Misery by nine_zeros on Saturday January 02, 2021 @11:44PM (#25619526)
By raising voice, I mean actually voting as their base asks to. Not gonna happen in a two party system where their careers are at stake.
Re:Why Markets Boomed in a Year of Human Misery by jfengel on Sunday January 03, 2021 @11:42AM (#25622815)
The base asks via their votes. If they re-elect the legislator, the legislator will continue to vote the same way.

Most legislators have high approval ratings among their constituents, and practically unanimous among their party in their district. It's always other people's legislators who are the problem.

Re:Why Markets Boomed in a Year of Human Misery by nine_zeros on Sunday January 03, 2021 @07:05PM (#25626539)
> The base asks via their votes. If they re-elect the legislator, the legislator will continue to vote the same way.

No. People are left voting for their representatives from a set of 2. With this, most people vote for one because they hate the other and not because they like their policies.

In terms of representative democracy, American two party system is just infantile.

Re:Why Markets Boomed in a Year of Human Misery by wutbrodo on Saturday January 02, 2021 @02:01PM (#25615370)
> what we need is Democracy 2.0, where the people vote on individual packages, not parties. Switzerland may be the only country where that works out quite well.

This works terribly in CA, FYI.

I don't think there are any easy solutions to the political equilibrium we're in.

Re:Why Markets Boomed in a Year of Human Misery by joejerryronnie on Saturday January 02, 2021 @02:06PM (#25615404)
Are you referring to the ballot initiative process in CA? If so, what do you think doesn’t work?
Re:Why Markets Boomed in a Year of Human Misery by jfim on Saturday January 02, 2021 @02:59PM (#25615922)
Some of the ballot initiatives have had deleterious effects on California.

Proposition 13 putting a yearly property tax increase cap means that people who have owned property for a long time are basically not paying their fair share of local taxes. That tax advantage can be passed from generation to generation. It also has the perverse incentive to encourage cities to increase commercial and industrial zoning over residential zoning, with the effects on property prices one can see today.

Proposition 47 meant that many crimes under a 950$ threshold were considered misdemeanors instead of felonies. This is one likely factor for the large increase in the amount of car break-ins and shoplifting in some areas, such as San Francisco.

Re:Why Markets Boomed in a Year of Human Misery by sjg007 on Monday January 04, 2021 @12:21PM (#25634565)
Growing income inequality will lead to authoritarianism and then eventual revolution. We need a win:win situation and taxing the super rich is usually the best option.