• 0 Posts
  • 9 Comments
Joined 2 years ago
Cake day: June 13th, 2023
  • pmtriste@lemmy.worldtoAsklemmy@lemmy.ml•Question about price discovery and competition in american capitalism
    1·
    21 days ago

    It really isn’t. Smith argued (I agree wrongly) that the invisible hand of a free market would correct everything, but that monopolies and restrictions distort the market and that the worst thing we could do would be to allow corporations to dictate law. That was my point. The US has set up too many barriers to entry to reasonably claim it is free market, and corporations have absolute control over the current government.

    Any reasonable reading of Smith’s Wealth of Nations would be socialist anyway. He outright stated that the capital class had a responsibility to entirely pay for the expenses of the state in caring for the populace.

    The better discussion of Smith would be what industries could reasonably be capable of sustaining an actually free market. I would argue that housing, communications, agriculture, and healthcare are impossible to de-monopolize due to practical spatial limitations and therefore would have to be under state control, given Smith’s statement that capitalism’s invisible hand only works in a free market.

  • pmtriste@lemmy.worldtoAsklemmy@lemmy.ml•Question about price discovery and competition in american capitalism
    10·
    21 days ago

    Publicly traded companies are legally bound to prioritize shareholder demands ahead of any other duties.

    This is actually a myth. They are expected to be responsible with their money, but they are not in any way required to maximize profit from a legal perspective. They repeat the lie because it is a good excuse to be evil. If a company doesn’t do what it’s shareholders like, they may vote out the board, or they might sue if the prospective was fraudulent (said they were working on something that they weren’t for example… But remember also that American companies don’t make forward statements like European ones do, so those cases are going to be things like “last year we spent 10 million on R&D” when they actually spent the money on plane trips to cocaine parties) but those are the recourses available to shareholders.

  • pmtriste@lemmy.worldtoPolitical Memes@lemmy.world•What are the best/easiest countries to move to as a U.S citizen?
    3·
    5 months ago

    We do need electricians here in Portugal, but I thought the challenge was with getting licensed. All the non-Portuguese electricians I know here work under the table.

    That said, if op cam get a remote programming job that allows them to work from Portugal (or can set up as a consultant and allow themselves to work from Portugal), they might have a way better time getting the D8 visa. Pay in Portugal is fairly low, but working for a US company as a remote consultant is (for now) a relatively easy way to meet the D8 income requirements (€3.5k per month income).

    Alternately, if you have a moderately sized investment account and a willingness to adjust your investments for that purpose, you can use that for D7.

    And as a third alternative, if you can get together enough money for a down payment on a house (or you already own one) you can use rental income for D7 (provided the rent is at least equivalent to €900 per month, regardless of expenses/mortgage).

    One thing I will say about moving to Portugal: if you’re moving to Lisbon or the Algarve, it will be hard and expensive. If you’re moving to anywhere in the interior (or probably anywhere else here) it will be much easier and less expensive. Where I live, housing, utilities, and every other expense category is cheaper than where I lived in the US. (caveat - I drive an electric car. Gas is more expensive here.) That won’t be the case in Lisbon or Faro, or even Porto.