260
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 31 May 2026
260 points (100.0% liked)
News
37811 readers
1725 users here now
Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious biased sources will be removed at the mods’ discretion. Supporting links can be added in comments or posted separately but not to the post body. Sources may be checked for reliability using Wikipedia, MBFC, AdFontes, GroundNews, etc.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source. Clickbait titles may be removed.
Posts which titles don’t match the source may be removed. If the site changed their headline, we may ask you to update the post title. Clickbait titles use hyperbolic language and do not accurately describe the article content. When necessary, post titles may be edited, clearly marked with [brackets], but may never be used to editorialize or comment on the content.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials, videos, blogs, press releases, or celebrity gossip will be allowed. All posts will be judged on a case-by-case basis. Mods may use discretion to pre-approve videos or press releases from highly credible sources that provide unique, newsworthy content not available or possible in another format.
7. No duplicate posts.
If an article has already been posted, it will be removed. Different articles reporting on the same subject are permitted. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners or news aggregators.
All posts must link to original article sources. You may include archival links in the post description. News aggregators such as Yahoo, Google, Hacker News, etc. should be avoided in favor of the original source link. Newswire services such as AP, Reuters, or AFP, are frequently republished and may be shared from other credible sources.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
founded 3 years ago
MODERATORS
The better metric is number of hours to purchase a house. At that ratio it’d take 11,000 hours, or just over 5.2 years (2080 hours per year is full time).
Currently the average house price in the US is $368,198, and minimum wage is $7.25. At that ratio it’d take 50,785 hours or 24.5 years. That’s almost 5x more. Something is seriously broken, and it’s not just inflation.
Edit: to keep the same 5.2 year timeline, minimum wage would have to be $33/hr. Fairly certain I’ve seen $25-30/hr thrown out for what minimum wage should be, and that tracks with this.
yeah the problem is capitalism. line must go up, forever.
Capitalism is a vehicle. It’s only really a problem when you have aggressive (or drunk) drivers. Would do us wonders if corporations were co’ops, even under capitalism. Because the people driving direction are the same people employed by the company — I.e., the only group that is de-facto simultaneously concerned with both the company’s success and the workers success.
Capitalism as a Political Ideology is the problem, because it sells the swindle and normalizes the sociopathic view that it's fine to do whatever it takes to improve your personal upsides even at the cost of others.
Capitalist as just a Trade/Resource allocation system under the oversight and control of other ideologies meant the maximize people's welbeing might be ok, but not as the guide for the highest powers in the land.
Is it a political ideology of capitalism — which honestly sounds quite weird and interesting — or is it political romanticism of capitalistic economics?
"Romanticism by politicians of capitalism economics" is an ideological position.
More broadly, resource distribution is highly political - should everybody get the same (the basis of Communism), should one's betters control who gets what (Monarchy, Fascism) or should it be a distributed system were being good at acculating trade tokens and assets (or being a descendant from ancestors which were good at it) determines one's access to resources (Capitalism).
I suppose that one could say that Capitalism has a lot thinner layer of ideological justifications for why that's the best system for decision making in a country (originally it was pretty much just "trust me, doing what's better for yourself is better for all", but one could say that in the present day that more visibly political part is done by Neoliberalism) but in practice Capitalism is none the less how decisions are made in the very much politically important aspect of human society which is "who gets what".
I suppose we could put it this way: if politicians decided that coin flipping was the way to make politicials decisions, so all decisions were done by coin flipping, would the politicial ideology be just the part were politicians say "we should decide everything by coin flipping" but not the actual coin flipping itself, or is the political ideology the entire thing (so, both the mechanical mechanism for the decision making AND the justification for that being "the best to use").
I think it's both, especially because when it comes to Capitalism the "mechanical mechanism" is way more complex and far less mechanical than coin flipping, requiring to operate things like for example Judicial decisions (which in turn are shaped by Laws), Land ownership, Inheritance and so on, which are not the mechanics itself yet have a disproportionate impact in the outcomes of the whole system (for example, without Land Ownership or Inheritance, Capitalist societies would be VERY different).
Interesting. See, I was thinking closer to the mechanistic function of capitalism wherein productive assets (“capital”) are primarily owned and controlled by private individuals/organizations. My brain was thinking, what would a political system look like if you replaced “productive assets” with, instead, “political assets.”