Gregory's Server@cshentrup @GossiTheDog There are lots of things you could point to about X company's endless growth being the near-opposite of maximizing human welfare. How many people lost their jobs in the last week just to maximize shareholder profits?
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 @cshentrup @GossiTheDog This is how we end up with catastrophic global climate change and no one willing to do anything about it. Endless profit for profit's sake is psychopathic. @cshentrup @GossiTheDog And if you think UBI will ever happen in the United States you have completely lost touch with any kind of reality.  @mav @GossiTheDog we obviously want to address market failures. That is not a "compromise". @cshentrup @GossiTheDog Serious question: when someone you don't know dies, do you feel anything? @mav @GossiTheDog No it's not disgusting, it's just basic public policy. everything just has a cost in terms of net utility to society. we can indeed compare human lives to dollars because we can save a human life for a certain amount of money. You can't be serious about working on public policy if you can't understand this. |
@mav @GossiTheDog maximizing shareholder profits is what we want them to do. that maximizes GDP. You then deal with distributional effects via subsidy, primarily UBI. it's a common fallacy of the progressive left to confuse productivity effects and distributional effects.