It's ok to be angry about capitalism

Agema

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How Capitalism Is Dying​
So I have read, this is arguably what Piketty's book "Capital in the 21st Century" indicates.

tl;dr: people earn money faster through investment than labour. Therefore overall the richer people are the proportionally faster they earn and wealth accumulates in fewer and fewer people. Eventually they can effectively only earn by increasingly directing more income towards themselves (e.g. often via rent), and use their wealth to capture the government to do so. Eventually they screw everyone else to the point that there's a revolution and lots of their amassed wealth is burnt down in an orgy of destruction and forcibly redistributed. Then the process cycles round again.

* * *

So I read somewhere, apparently once you remove tech firms, US economic growth is anaemic to non-existent. But tech firms have effectively become mass rentiers, squatting on systems that effectively allow them to gouge everyone else. Apple gatekeeps access to its phones such that 30% of what is paid for apps drops into its pocket... just because it owns the only means to provide apps. Amazon is even worse: 50%, and so much market dominance its effect is arguably to increase online retail prices. Together, Google and Facebook are effectively gouging eyewatering sums from advertisers because of so much control over platforms with advertising, and so on. No wonder the USA wants TikTok: whoever owns these massive online platforms gets to gouge the world.
 
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Silvanus

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So I have read, this is arguably what Piketty's book "Capital in the 21st Century" indicates.

tl;dr: people earn money faster through investment than labour. Therefore overall the richer people are the proportionally faster they earn and wealth accumulates in fewer and fewer people. Eventually they can effectively only earn by increasingly directing more income towards themselves (e.g. often via rent), and use their wealth to capture the government to do so. Eventually they screw everyone else to the point that there's a revolution and lots of their amassed wealth is burnt down in an orgy of destruction and forcibly redistributed. Then the process cycles round again.
A rather grandiose and optimistic theory, considering that the appetite for revolution simply isn't growing concurrently with wealth inequality, and that this supposedly inevitable 'cycle' has only happened a few times and in isolated cases. Discontent might be growing (though certainly not commensurately in scale), but it's either 1) channelled in different directions; 2) directionless; or 3) muted grumbling.
 
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The mother of all current capitalists weighs in on the opposite -



But leave it to human stupidity to be seemingly incapable of striking a harmonic operational balance in practically any realm of existence.
 

XsjadoBlayde

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the thought of getting old and unable to do much on its own is unpleasant enough, but as most things in hell world, the reality is 10 times worse if you ain't rich or in a fictional story


Hi. Today we're looking at how we treat our olds. It turns out, poorly! America's network of assisted living and nursing home facilities are largely more concerned with squeezing out profits than taking care of seniors.

0:00 - Introduction
0:55 - Types of Nursing Homes
6:02 - The Horrible Abuse Inside Nursing Homes
9:24 - Nursing Homes Have Always Been Bad
22:01 - Big Suprise! Private Equity is Ruining The Nursing Home Industry
27:50 - Elderly Care is Terrible Throughout the Country
30:32 - Nursing Homes Are Awful For Everyone!
36:02 - How The Rest Of The World Takes Care Of Their Olds
39:33 - The Co-Presidents Want To Make It Worse
those suicide pods looking pretty sweet, they more or less expensive than a gun these days?
 

Agema

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A rather grandiose and optimistic theory, considering that the appetite for revolution simply isn't growing concurrently with wealth inequality, and that this supposedly inevitable 'cycle' has only happened a few times and in isolated cases. Discontent might be growing (though certainly not commensurately in scale), but it's either 1) channelled in different directions; 2) directionless; or 3) muted grumbling.
I don't think it necessarily works that way. In many systems, collapses can be sudden and without much warning. Superficially, everything looks like it's going as normal but underneath the system is moving to a state where a tipping point may be reached, and if it does, the collapse will be huge and rapid.

Although yes, in practice not all revolutions are very bloody and messy. In some cases, it's simply that reformists manage to take over the government and force extensive changes through the existing system.
 
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XsjadoBlayde

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The wellness industry and profit motivated healthcare needs to fuck off and die alone in its own poisonous filth already








The death of a 5-year-old in a hyperbaric chamber in Michigan has prompted calls for more oversight of hyperbaric oxygen therapy in the largely unsupervised wellness industry before another tragedy occurs.

Thomas Cooper was killed Jan. 31 when a fire broke out in a hyperbaric chamber at the Oxford Center, an alternative medicine clinic in the Detroit suburb of Troy. On Monday, the Oxford Center founder and CEO and three of her employees were charged in Thomas’ death.

Thomas Cooper, 5, of Royal Oak, Michigan.

Thomas Cooper, 5, of Royal Oak, Mich. Courtesy family of Thomas Cooper

Hyperbaric chambers are pressurized, tubelike devices that people lie or sit in for treatment, depending on the type of chamber. The therapy involves breathing in air that consists of 100% oxygen, which helps the body heal more quickly but also creates a highly combustible environment. The treatment method has been cleared by the Food and Drug Administration to help over a dozen conditions including carbon monoxide poisoning, severe wounds and decompression sickness in scuba divers.


The Oxford Center’s website lists over 100 conditions it says it treats, including many that the FDA has not approved for hyperbaric oxygen therapy, such as cancer, dyslexia, Alzheimer’s, Lyme disease and autism — though it is not illegal to use hyperbaric chambers for these purposes. In a statement to NBC News, an attorney for the Oxford Center said the center was “disappointed” by the charges filed against four staff members.

“The timing of these charges is surprising, as the typical protocol after a fire-related accident has not yet been completed. There are still outstanding questions about how this occurred,” Sam Vitale said via email about Thomas' death.

Thomas was receiving hyperbaric oxygen therapy for sleep apnea and attention-deficit/hyperactivity disorder, according to his family’s attorney, which are not among the conditions approved by the FDA for such treatment. Michigan Attorney General Dana Nessel said the boy died within seconds after a single spark started a fire in the hyperbaric chamber he was in. Officials have not said yet what the cause of the fire was.

In a news conference Tuesday, Nessel accused Oxford Center staff of holding “safety among their lowest considerations” but said officials had no way of knowing about the danger until it was too late, and cannot proactively investigate other facilities.

“Michigan law doesn’t require any oversight over the use of hyperbaric chambers, so without having some sort of probable cause to believe that there are crimes being committed involving hyperbaric chambers in other places in the state, we wouldn’t have the authority to go in and perform an inspection,” Nessel said.

The Oxford Center was subject to inspections every few years by the Troy Fire Department, said Michael Koehler, the fire department’s deputy chief. He said the center applied for a permit when it opened, indicating it would be using hyperbaric chambers, and was last inspected in March 2023.

“But our inspections are fire- and life-safety focused,” Koehler said in a phone interview Friday. “There’s nothing that covers the operation or the maintenance of the chambers themselves.”

While hospitals that use hyperbaric chambers abide by codes developed by the National Fire Protection Association, a standards development organization, Michigan is not unique in lacking a regulatory framework for hyperbaric oxygen therapy outside of traditional health care facilities, said John Peters, executive director of the Undersea & Hyperbaric Medical Society, a nonprofit organization that accredits hospitals and freestanding facilities with hyperbaric chambers in the absence of government regulation.

At the moment, nearly 150 facilities across the country are accredited by the group, with two in Michigan.

The accreditation process involves on-site inspections and verification that equipment is maintained and specialists are properly trained, and costs about $10,000 for an accreditation that lasts for three to four years, Peters said.

He estimated that thousands of spas, wellness companies and other storefronts are operating hyperbaric chambers in the U.S. without having undergone accreditation, and he said he fears many may not be upholding stringent standards.

Two Democratic legislators in Michigan, state Sen. Stephanie Chang and state Rep. Sharon MacDonell, are working together to explore regulatory options after Thomas’ death.

Chang said she was alarmed by what appeared to be a myriad of problems that led to the fire, based on what the Michigan attorney general outlined, including allegedly not having a properly trained technician operating the hyperbaric chamber.

“Let’s fix all of those loopholes,” Chang said. She said she and MacDonell are aiming to introduce legislation in the spring.

MacDonell said it was important not just to make hyperbaric chambers safer but also to stop businesses from making unproven claims about what the therapy can do.

“People are taking advantage of parents with children with hard-to-treat conditions, and just kind of monetizing the desperation of the parents,” she said. “It’s just incomprehensible.”

Thomas’ death comes as the use of hyperbaric oxygen therapy has proliferated, gaining steam in recent years thanks to celebrities who have touted it for everything from anti-aging to boosting their mental health. The FDA has warned that some claims about what hyperbaric chambers can do are “unproven” and encourages patients to only go to accredited facilities.

Hyperbaric chamber fires are rare, but not unprecedented. In 2009, a 4-year-old and his grandmother died after a blaze at an unaccredited Florida clinic where the boy was receiving treatment for cerebral palsy. Two staff members were charged in their deaths, one of whom was a doctor who lost his medical license.

The 2009 case did not prompt national safety regulations, Peters said. He is hopeful that Thomas’ death will.

“We desperately need mandatory accreditation,” he said. “We’re hoping that this will turn the page.”

While there are guidelines for how to safely construct and operate hyperbaric chambers, there is no consistent federal, state or local oversight of the practice outside of hospitals. The FDA said in an email last month that it regulates certain hyperbaric chambers that meet the agency’s definition of Class II medical devices, which are “intended for use in the diagnosis of disease or other conditions, or in the cure, mitigation, treatment, or prevention of disease.” But it does not regulate the practice of medicine and referred NBC News to the Centers for Medicare & Medicaid Services, The Joint Commission and state medical licensing agencies for more information.

The Centers for Medicare & Medicaid Services requires Medicare and Medicaid providers to comply with parts of the National Fire Protection Association code, but that does not apply to other facilities, which must still adhere to local building and fire codes, said Brian O’Connor, a senior engineer at the National Fire Protection Association.

The Joint Commission, a nonprofit organization that accredits over 24,000 health care programs around the world, said in an email that it has emergency procedures and training drills for hospitals and ambulatory health care facilities that have hyperbaric chambers. It does not accredit the Oxford Center.

Meanwhile, Michigan’s health department, its occupational safety agency and the Department of Licensing and Regulatory Affairs all said they do not have oversight of hyperbaric chambers. The licensing agency said facilities using hyperbaric chambers are not required to be licensed, which Peters said was shocking.

“Why?” he said. “Even a hairstylist has to have a license, and she’s not going to blow up her whole salon.”

must

leave

on

positive

not

despair

 
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XsjadoBlaydette

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someone should probably look after the cheldren,, not me though, they're annoying. but definitely maybe at least the people who keep saying they care about the cheldren o

 
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The Rogue Wolf

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A woman in Chicago started getting $300,000 in medical bills after United Health Care rescinded its payments for her treatments received over several years:


The company told her that she has to call all of her providers and have them bill her old insurance so that they can deny it, a process that has already taken her more than a hundred hours.

The efficiencies of the free market at work!

(Can't imagine why so many people cheered Luigi....)
 

Agema

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The company told her that she has to call all of her providers and have them bill her old insurance so that they can deny it, a process that has already taken her more than a hundred hours.
Perhaps I'm missing something, but if they are refusing to pay for her, why is she doing jack shit for them?

I know if my insurance company told me they were rescinding agreement for something they'd paid for and btw can I spend hours on the paperwork so they can arrange me paying instead of them, I would be saying "No thank you. I think that's a problem for you to sort out."
 

The Rogue Wolf

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Perhaps I'm missing something, but if they are refusing to pay for her, why is she doing jack shit for them?

I know if my insurance company told me they were rescinding agreement for something they'd paid for and btw can I spend hours on the paperwork so they can arrange me paying instead of them, I would be saying "No thank you. I think that's a problem for you to sort out."
It's UHC's demand in order for them to cover it instead of her having to shoulder the expense. But yes, it's something they should be doing.
 

crimson5pheonix

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It's UHC's demand in order for them to cover it instead of her having to shoulder the expense. But yes, it's something they should be doing.
It looks like they're offloading all the admin work onto her, and admin work is literally an insurance company's job. But the article had a paragraph title question that I also want the answer to, these bills go back years? They weren't paid already? Hospitals can just soak costs if you tell them you'll pay them back, bro?
 

The Rogue Wolf

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But the article had a paragraph title question that I also want the answer to, these bills go back years? They weren't paid already? Hospitals can just soak costs if you tell them you'll pay them back, bro?
UHC retracted the payments when they found out that the woman's previous plan was still active (which in itself was weird). Apparently they can do that.
 

crimson5pheonix

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UHC retracted the payments when they found out that the woman's previous plan was still active (which in itself was weird). Apparently they can do that.
Yeah, how? Do they bill the hospitals or something? This is legally enforceable?
 

The Rogue Wolf

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Yeah, how? Do they bill the hospitals or something? This is legally enforceable?
I had to look this up, and the company can either send a request for reimbursement, or deduct the amount from a future payment. As for whether it's legal, it seems that it depends on state laws, and Illinois has no restrictions on the practice at all.
 
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crimson5pheonix

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A post came up and then I started following things. Normally I'd put this in the Musk thread, but other people are following his terrible example.

Cybertruck.png

So there might have been a way to open the doors (inside or outside) in an emergency, but it's not the door handles (presuming it even has door handles). Older Teslas have no way to open the doors from the inside without power. Newer ones have methods, but they're not even standard across Tesla's line.


And other manufacturers are following suit. Shout out to Fiat though, they real homies.


image_2025-03-22_012012003.png
 
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