This is hilarious. How are they making any money whatsoever? They're proven to be utterly unhinged and there's still at least 3/4 the page remaining to scroll full of petty tantrums.
The theory of capitalism leading to efficient markets makes a great deal of assumptions that are simply not true in the real world. Even for elastic goods that nobody needs to participate in at all, let alone an inelastic good like healthcare where people will pay pretty much anything for themselves or their family members to continue living.
The concept of perfect competition describes what capitalism in its purest, most ideal form should be, and everything after that is a description of what happens when humans get involved.
Capitalism just means private people control the capital, rather than the state. Beyond that and you’re in different forms of capitalism. There’s no requirement of competition.
Private companies have economic incentives to charge as much as they can get away with and pass that excess to the owners of the company. This includes participating in collusion with peers and regulatory capture to artificially raise the rate in the market far beyond what efficiency would dictate.
Private companies are inefficient by definition when individuals are able to extract millions to billions of dollars from the market.
Is efficiency of the company the wrong metric in this case? Wouldn’t we rather have a market and prices reflect what it can bare rather than an open tab?
I agree, except with your last sentence. There are many examples of efficient organizations that extract billions from the market from willing participants.
Computational complexity theorists hate this one simple trick! NP hard is a lie! You just have to assert that a given problem has been optimally computed. We all know that physics obeys the whims of politics. </s>
It's especially ironic because if markets actually worked the way the "free market" dogma supposes they do, central planning would also work.
And that's what people are objecting to. The reason they need to clarify their terms "in accordance with California law" is because it is a good law, not because they have done nothing wrong.
Exactly. Like the other person said, reddit is great if it is some niche. It is garbage on the more popular areas.
Wirecutter is like: "we tested the top ~10 results on Amazon for ten minutes each and picked one."
Whereas reddit is either: "we're so obsessed with flashlights we know the exact part number of the best LEDs to use (after you remove the cap from it)" or "haha I also remember the lyrics to that old top 40s hit song haha."
Who is going to disqualify him? Republicans would just invent some doublethink for why it is okay for this particular African to have that role. The extremely partisan SCOTUS will allow it, and that will be that.
If SCOTUS says it's ok, then the US Constitution is completely tossed out and SCOTUS has no authority to say anything. That's not to say they wouldn't make a decision like that, but to disregard the literal text of the Constitution would make both Congress and SCOTUS unnecessary, they can be scrapped in seconds with an EO after a decision like that.
They'd pull the same stunt that they did for Trump. If Trump had been convicted for the Jan 6th riot, that would've disqualified him from becoming president. So SCOTUS dragged out the appeal that reached them. Then their decision made it ridiculously burdensome to continue. If Musk were nominated as vice president and somebody sued, SCOTUS could drag out that case past the end of the term. Then they'd drop it as moot.
We've already had that decision, last year. Trump v. Anderson. Per the Supreme Court, if Congress doesn't explicitly call something out down to the last detail and already have anyone potentially impacted on double-secret probation, then oops, too bad, nothing anyone else can do to enforce the Constitution.
The Vice-President and President need to meet the standards in the Constitution? Did Congress pass a law establishing how those standards are to be judged and enforced? No? Guess they don't matter then. If Congress wanted, it could pass a law and Trump could sign it. Unless that happens, the Constitution is just unenforceable. ¯\_(ツ)_/¯
Not true. I was under the impression that Firefox was a privacy-oriented browser until these Terms were published today. I'm now posting this from LibreWolf, which I have just now installed for the first time.
I was hoping to learn more but many of the docs.geldata.com links on the GitHub page are 404 right now, mentioning just in case nobody has reported that yet.
The miscarriage of justice here is that she was acquitted of the widespread and deliberate medical malpractice, not that she has been jailed. She absolutely was a danger to everyone who trusted the tests from her machines.
