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The fraud occurring in the private sector is even more severe.
I thought you were gonna comment on Nic's shitcoining and VC backing Quantum while going into Maximum OverFUD.
Great points!!
Do you think that in a much less distorted market, one that could better be described as free, that such things as fraud or nepotism would be less common?
Yeah I think so. Nic’s employment data makes it seem like no one in America wants to work but in my experience most people do want to work but can’t find a job that pays well.
This essay fails to recognize how globalization lead to the UBI and fraud he’s mentioning.
People don’t believe hard work and merit can help you rise the economic ladder when companies systematically race to cut costs by any means necessary.
but I think that's his point. more and more people can't provide skills that pay a living wage. but we also can't pass formal UBI politically. so it happens though back channels and fraud is one of those back channels
Yeah because of globalization to drive the cost of labor down to zero
Yes and that's the typical case for supporting higher tariffs
Post scarcity society? nonsense
Galbraith attempted the same trick with his nonsensical book the Affluent Society
Rawls's Theory of Justice is in the same category
I was engrossed in this article, nodding along, when I realized it only addressed public fraud.
The fraud occurring in the private sector is even more severe.
While we often criticize the Federal Reserve, it’s important to recognize that it’s neither federal nor has any reserve. It’s the largest fraudulent system ever created, so it’s no surprise that the fraud Nic highlights is allowed to persist.
Furthermore, this piece focuses solely on the fraud that garners public attention. I understand the temptation to resort to whataboutisms, but fraud is pervasive. Humans are morally bankrupt. In today’s society, we have billionaires receiving numerous tax breaks and even worse, hundreds of millions of dollars to construct football stadiums where a team may only play in 8 or 9 times a year.
Consider the case of Warren Buffett, who has amassed over $300 billion on his balance sheet yet wants to lay off workers at GEICO, providing them with inadequate severance packages simply because margins are declining.
Nic is focusing on minor issues while neglecting the real crisis we face in America.