I remember hearing about basically this literally a decade years ago. Nothing’s been done about it since then. Nothing will be done about it now. Not unless we make a fuss about it at which point they’ll pretend to give a shit about us and make grand gestures towards transitioning away from receipts made from hazardous materials. Meanwhile, they’ll continue to knowingly expose us to some other hazardous material for the next decade until some independent research team uncovers how it’s slowly poisoning everybody who comes into contact with it. And thus the cycle continues.
Under capitalism, there is no incentive to do anything for the benefit of humankind when it comes into conflict with the ultimate goal of accumulating as much wealth for yourself as humanly possible. It will always corrupt.
This is untrue, your confusing capitalism and short sighted greed. Capitalism’s major issue is that very often the ship is being steered by somebody chasing next quarter’s profits and abandoning anything further into the future.
Henry Ford famously paid his workers $5 a day in 1914 primarily to reduce high labor turnover and improve worker productivity. This wage increase was a significant shift from the previous average rate of $2.34, and it was also intended to make the Model T more affordable for his own workers.
Here’s a more detailed look at the reasons behind Ford’s $5-a-day wage:
Reduced Turnover:
Ford had a crippling labor turnover rate of 370%. By offering a higher wage, he aimed to attract and retain workers, minimizing the cost and disruption of constantly hiring and training new employees.
Increased Productivity:
Ford believed that paying workers a higher wage would motivate them to work harder and more efficiently.
Improved Morale:
The higher wage was intended to improve workers’ morale and reduce the distractions caused by financial worries.
Making Cars Affordable:
A key factor was the desire to make the Model T affordable for the workers who were producing it. By making their wages high enough to purchase a car, Ford hoped to stimulate demand and create a larger market for his product.
“Profit-Sharing” and “Fordism”:
Ford initially presented the wage increase as a “profit-sharing” plan, arguing that workers deserved a greater share of the company’s success. This concept became known as “Fordism,” which combined large-scale production with higher wages.
And they chose Henry Ford of all people, the man responsible for the modern assembly line (capitalist alienation at its most extreme) and an actual Nazi.
I think you’re forgetting the part where the Dodge brothers sued Ford for this and the courts ruled in favor of the brothers Dodge. Saying that companies must act in the sole benefit of their shareholders.
Imagine not understanding the system you hate isn’t capitalism but cronyism and protectionism in the year of our Lord 2025. The government shouldn’t subsidize business and let megacorps not pay tax while also giving them endless subsidies in return for political favor. If your company can’t compete it should fail.
I remember hearing about basically this literally a decade years ago. Nothing’s been done about it since then. Nothing will be done about it now. Not unless we make a fuss about it at which point they’ll pretend to give a shit about us and make grand gestures towards transitioning away from receipts made from hazardous materials. Meanwhile, they’ll continue to knowingly expose us to some other hazardous material for the next decade until some independent research team uncovers how it’s slowly poisoning everybody who comes into contact with it. And thus the cycle continues.
Under capitalism, there is no incentive to do anything for the benefit of humankind when it comes into conflict with the ultimate goal of accumulating as much wealth for yourself as humanly possible. It will always corrupt.
“Oh, you don’t need to get a receipt if you give us your email address instead…”
I just don’t imagine a scenario where I’d need to prove I bought a donut.
https://youtu.be/xPq0-8dyl8I
Banned in Germany since 2020; 2025 banned across Europe. So not a capitalism problem per se, more like an government problem
This is untrue, your confusing capitalism and short sighted greed. Capitalism’s major issue is that very often the ship is being steered by somebody chasing next quarter’s profits and abandoning anything further into the future.
Henry Ford famously paid his workers $5 a day in 1914 primarily to reduce high labor turnover and improve worker productivity. This wage increase was a significant shift from the previous average rate of $2.34, and it was also intended to make the Model T more affordable for his own workers. Here’s a more detailed look at the reasons behind Ford’s $5-a-day wage: Reduced Turnover: Ford had a crippling labor turnover rate of 370%. By offering a higher wage, he aimed to attract and retain workers, minimizing the cost and disruption of constantly hiring and training new employees. Increased Productivity: Ford believed that paying workers a higher wage would motivate them to work harder and more efficiently. Improved Morale: The higher wage was intended to improve workers’ morale and reduce the distractions caused by financial worries. Making Cars Affordable: A key factor was the desire to make the Model T affordable for the workers who were producing it. By making their wages high enough to purchase a car, Ford hoped to stimulate demand and create a larger market for his product. “Profit-Sharing” and “Fordism”: Ford initially presented the wage increase as a “profit-sharing” plan, arguing that workers deserved a greater share of the company’s success. This concept became known as “Fordism,” which combined large-scale production with higher wages.
The only positive example of capitalism you could find is over 100 years old.
And they chose Henry Ford of all people, the man responsible for the modern assembly line (capitalist alienation at its most extreme) and an actual Nazi.
I think you’re forgetting the part where the Dodge brothers sued Ford for this and the courts ruled in favor of the brothers Dodge. Saying that companies must act in the sole benefit of their shareholders.
Imagine defending capitalism in the Year of Our Lord 2025
Imagine not understanding the system you hate isn’t capitalism but cronyism and protectionism in the year of our Lord 2025. The government shouldn’t subsidize business and let megacorps not pay tax while also giving them endless subsidies in return for political favor. If your company can’t compete it should fail.