News for hackers. Stuff that matters.
Re:Intel might be too big to fail by ryandrake on Sunday November 03, 2024 @10:04AM (#42033439)
> We keep avoiding making the hard policy decisions by funneling taxpayer money into the hands of the already-wealthy who promise that this time it’ll be different, this time they won’t give it to shareholders and payout bonuses.

System is working as designed. It's helpful to think of the USA economy at the very high level as a single gigantic factory. Instead of producing widgets, FactoryUSA produces multimillionaires and billionaires. The raw materials that come into the factory are taxpayers' and customers' money. Human labor gets applied to this money, sometimes products get moved around, bought and sold, sometimes it's just the money that moves around, but at the end of the assembly line, out come rich shareholders, SVPs and CxOs into their retirement. And at the exit marked "waste product" out comes the worn out bodies and minds of the working and middle class.

If you want to explain US policies, just look for whatever keeps the above assembly line cranking out rich people. If that requires bailing out a single company, it will be bailed out. If that involves a "cash infusion" from taxpayers, that's what will happen. If that involves less restrictive labor laws, we'll get them. The purpose of FactoryUSA is to consolidate everyone's money into a small number of "rich people" finished products.

Re:Intel might be too big to fail by 14 on Sunday November 03, 2024 @11:05AM (#42033804)
This is why I look forward to the day machines take over millions of peoples jobs. Yes there will be a hard transition but if there are millions of people without the funds to add to the machine how can the machine continue? It is a senseless waste of time having a human stand in front of a hot pot of oil dipping fries and moving them over to a customer. I look forward to the day humans move beyond that. When so many people don’t have jobs that the ones that are left we decide are better off split up to everyone so we all work only 3 maybe 4 hours a day and then move on to passions we have. Spend more time with our children. Spend more time exploring the world. Maybe my belief is naïve having grown up watching Star Trek but I do think we will one day end capitalism for something else.
Re:Intel might be too big to fail by SoftTalker on Sunday November 03, 2024 @11:33AM (#42034007)
You only have to look at history to see how those "something else" alternatives tend to work out.
Re:Intel might be too big to fail by Nevermark on Sunday November 03, 2024 @03:26PM (#42035861)
> if there are millions of people without the funds to add to the machine how can the machine continue?

Identifying natural resources, extracting them, transforming them, improving the technology of all those steps, selling the results to the rich who own shares in any of those steps.

Even if it is all machines doing the work, there is an economic cycle that continues.

If the machine doesn't need people, by definition it is doing well without them.