• 158 Posts
  • 3.66K Comments
Joined 3 years ago
cake
Cake day: June 29th, 2023

help-circle



  • How far they’ve fallen, all due to a single acquisition.

    For those unaware, the saying used to be “If it ain’t Boeing, I ain’t going”. The reason for this was because Boeing had a well deserved reputation for quality, reliability, and overengineering. It was a company run by engineers. Another company named McDonnell Douglas, with the polar opposite reputation, went or was about to go bankrupt. It was a company run by salesmen. Boeing decided to buy McDonnell Douglas but instead of firing the entirety of MD’s executive branch, they decided to absorb them. In short order the MD virus that was their sales first executive team spread and eventually took over Boeing.

    This is as I remember it so if I got something wrong, please correct me.





  • Former Austin resident here (1999-2022). The last house I owned there I bought in 2016 for $225k. In 2021 I was getting unsolicited offers for $750k (Zillow estimate in January 2020 was $450k). Finally sold it two weeks ago (didn’t know if I’d need to move back for work) for $515k.

    A: Double the price in a decade is insane. Triple had I sold in 2021 is beyond words.

    B: Someone in 2021 paid $300k over the market value a year prior and is now severely upsidedown on their mortgage.

    Austin was great, but that was obviously a bubble to anyone with any common sense.







  • Jo Miran@lemmy.mltome_irl@lemmy.worldMe_irl
    link
    fedilink
    arrow-up
    4
    arrow-down
    3
    ·
    3 days ago

    I genuinely do not understand why my point was so hard to grasp. Billionaires are bad, yes I agree, but billionaires are the end product of a system that allow billionaires to exist. Do not only focus on symptom, focus on the cause.


  • Jo Miran@lemmy.mltome_irl@lemmy.worldMe_irl
    link
    fedilink
    arrow-up
    4
    ·
    3 days ago

    Exactly! We need to set checks in place to make sure the mega rich are not allowed to be a thing. I am sorry but nobody should be rich enough to set up space tourism as a side hobby while his employees piss in bottles at the warehouse. That’s fucking insane!


  • Jo Miran@lemmy.mltome_irl@lemmy.worldMe_irl
    link
    fedilink
    arrow-up
    4
    arrow-down
    6
    ·
    3 days ago

    I am not confused, and I don’t think we are necessarily disagreeing. My point isn’t that billionaires are faultless or good. My point is that they are not the root of the evil. We cannot just rid ourselves of the billionaires, pat ourselves on the back and call it a day. We have to do that, and then go further. We have to, at the very least, put the guardrails back in place to ensure a new crop doesn’t pop right back up.

    The great crash and the following great depression took care of the robber barons. We regulated in order to avoid them again, but eventually forgot our lesson. I suspect that the AI crash will take care of this current batch of rich fucks, and we will once again regulate and focus on people like FDR did. I just wish we would stop forgetting the lessons of the not so distant past.



  • Jo Miran@lemmy.mltome_irl@lemmy.worldMe_irl
    link
    fedilink
    arrow-up
    3
    arrow-down
    13
    ·
    3 days ago

    Billionaires are a symptom, not the sickness. Yes, we need to rid ourselves of billionaires the way we rid ourselves of the robber barons, but they are not the problem no matter how hard you wish them to be. The problem is the system that allowed them to exist. Rich fucks were always around to exhert influence, but not like this. We had guard rails in place to limit their political influence, to break up monopolies, to set limits on political donations, to set limits on campaign finance, to set limits on media influence, etc.

    By all means, break out the guillotine, but you cannot stop there. Saying “billionaire bad” is not enough. You have to have wholesale reform or you are going to end up in the same place, or much worse.



  • Jo Miran@lemmy.mltome_irl@lemmy.worldMe_irl
    link
    fedilink
    arrow-up
    37
    ·
    3 days ago

    Gen-X here (the ones immediately after the boomers but before the Millenials), it is amazing how many of my school mates ended up having no children. Yes many did, but a surprising number did not. In my circle (childhood neighbors, classmates, family) it’s almost half.