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ok, but what if the shareholders were all appointed by elected officials. And what they wanted was people to have safe access to water, at the lowest safe cost?
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Sep 8, 2022 19:58
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Jonny Nox posted:ok, but what if the shareholders were all appointed by elected officials. Those elected officials will soon get voted out in favour of candidates who promise tax cuts (or at least no tax increases) At least that's what's happening here with water and sewerage infrastructure.
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Sep 8, 2022 20:26
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No one who “invests” is satisfied with a steady relatively low return. They all want ever-increasing profits right now, which of course is not only unsustainable, but counter productive. There cannot be infinite growth. Investors don’t care if they destroy the business, as long as they get their pound of flesh. One of the many flaws that lowering the bar for investing caused unintentionally. At least when only fairly wealthy people could invest, a goodly portion of them were in it for long-term profits, and keeping the business healthy facilitates that. At least, that seems to have been the case pre-1980s. I’m no investing or financial scholar by any means.
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Sep 8, 2022 20:26
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Long-term investments are dead. Rape and plunder all you can as fast as you can is the new wall street.
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Sep 8, 2022 21:12
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There is a movie from approximately 400 years ago called "Wall Street" that illustrates that isn't a new concept.
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Sep 8, 2022 21:23
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Terrible car stuff - Nationalize sausages
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Sep 8, 2022 22:51
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Non-profit doesn't mean non-investment. Lets say you have a network supplying water. Operating that networks costs 1c per m2 of water. You then add to that the cost of maintaining the network, replacing the bits that need replacing and building the new bits that need building. Now you're at 1.5c per m2. That's what you charge. You don't make it 2c and flog that extra 0.5c into shareholders pockets. You don't go "hmmm, if we forget about replacing broken pipes and building a new dam, we can take another 0.5c and give that to shareholders too!" You don't go "hmm, if we take a massive loan, charge users another 0.5c to pay off the loan, we can give shareholders £50 billion!" - this is exactly what many water companies in the UK have done.
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Sep 8, 2022 22:56
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BlackMK4 posted:Naive question, but if there is no profit as incentive how do you drive innovation / investment to improve a service or infrastructure? Would that mean the government is in charge of incentivizing it somehow? Municipal broadband internet tends to reinvest and improve services without striving for record profits.
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Sep 9, 2022 01:06
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bigbillystyle posted:Terrible car stuff - Nationalize sausages w/ onions. Don't forget the loving onions!
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Sep 9, 2022 03:07
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Terrible car stuff is the "cages" in the crown vics at the Cleetus race in Bristol. They had a massive wreck and are really lucky nobody got seriously hurt. The NRG seat mount broke or the seat itself.
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Sep 9, 2022 05:44
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BlackMK4 posted:Naive question, but if there is no profit as incentive how do you drive innovation / investment to improve a service or infrastructure? Would that mean the government is in charge of incentivizing it somehow? Seattle City Light, the local, publicly owned electric utility got hit with a double whammy of a drought leading to massive shortfalls in hydroelectric production and Enron corruption back in the early 00's. One of the things a cost reduction auditor hired by the City said was that SCL had THE most reliable service in the entire country, and they should cut back on maintenance to lower costs. That's sealed my desire for all critical infrastructure to be publicly owned since then. There's issues in public organizations too, but they're not the universal ones private companies have. Anyways, I'll vote for whoever nationalizes pierogi and Kielbasa production.
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Sep 9, 2022 10:52
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I've had consistently pretty bad experience with nationalized telecoms so I'm a bit biased against that. That said, the opposite only makes sense if you can realistically have strong competition in the market, and if there's one utility that owns and runs everything, that's probably not a great idea even under conventional invisible hand thinking.
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Sep 9, 2022 11:39
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JudgeJoeBrown posted:Terrible car stuff is the "cages" in the crown vics at the Cleetus race in Bristol. They had a massive wreck and are really lucky nobody got seriously hurt. Straight out illegal cages for pretty much any type of door to door event. loving idiots, they have the staff that are skilled enough and money to put in something better and one of the guys that Cleetus hang with builds good decent road racing cages and can tell em what to do. No excuse. That lot have a completely dogshit attitude to safety until it bites them in the rear end.
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Sep 9, 2022 12:31
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JudgeJoeBrown posted:Terrible car stuff is the "cages" in the crown vics at the Cleetus race in Bristol. They had a massive wreck and are really lucky nobody got seriously hurt. Every event Cletus and Co do is terrible.
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Sep 9, 2022 13:42
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Swiss services have mostly resisted full privatisation and vary from 100% state ownership (trains) to 51% ownership (most other utilities) but all controlled by the state. They are still corporations that are able to make profit. They see to me to be run very well and with good investment in infrastructure. In general I feel the country is run at least somewhat for the benefit of its citizens rather than just for companies and politicians. I'm sure there is plenty of regulatory capture and corruption under the surface but there is a clear attempt to make it a nice place to live for everyone. It is of course a rich country which makes it easier.
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Sep 9, 2022 15:29
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Profit (commerce) is not the problem. Profit and commerce coexist just fine with socialism. Capitalism, though, requires eternal quarterly growth, which is distinct from simply making a profit, and that's where things get gross.
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Sep 9, 2022 15:42
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Sep 9, 2022 18:38
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We need a crying gator with the Florida flag, stat.
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Sep 9, 2022 18:39
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Richard and Jeremy collectively getting their feelings hurt today https://twitter.com/JeremyClarkson/status/1568242161573044225?t=Idw5SFmqaRyOmppuueSQUg&s=19 https://twitter.com/JeremyClarkson/status/1568242866094329862?t=EJJ-7yUcXRWVdtjZZSOq9A&s=19
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Sep 9, 2022 23:10
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Shout out to pissbaby Clarkson https://twitter.com/I_amMukhtar/status/1568264984425111553?t=krn3M4Bkw_p1QNMNQVqRRw&s=19
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Sep 9, 2022 23:16
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Hmm I kinda figured him to not like the Monarchy, I figured James would be the one.
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Sep 10, 2022 04:41
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Humphreys posted:Hmm I kinda figured him to not like the Monarchy, I figured James would be the one. Clarkson is a Tory to his bootlaces
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Sep 10, 2022 05:28
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Humphreys posted:Hmm I kinda figured him to not like the Monarchy, I figured James would be the one. Yeah James doesn't like them inbred germans
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Sep 10, 2022 05:42
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Jonny Nox posted:Yeah James doesn't like them inbred germans James doesn't approve of any monarchs since Æthelstan.
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Sep 10, 2022 06:59
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CAT INTERCEPTOR posted:Clarkson is a Tory to his bootlaces 100% I mean he started a farm which is like THE most tory thing to do ever. Those dumbasses voting in the very people who try to destroy their livelihoods. https://twitter.com/a_nitak/status/1568541132392435712?t=2H-wn9hi5PE0vrqk1-B1Sg&s=19
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Sep 10, 2022 11:18
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Ambassadorofsodomy posted:Porsche used to have a pressurized roll cage that way they could detect cracks. If you have a rigid container that's tight enough to keep helium in, you're better off just pumping the air out and leaving a vacuum.
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Sep 10, 2022 12:30
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Clarkson a complete poo poo? Shocked.
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Sep 10, 2022 15:50
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No. 6 posted:Clarkson a complete poo poo? Shocked. Anyway...
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Sep 10, 2022 15:58
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i love driving at a jaunty angle
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Sep 10, 2022 19:57
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Sep 11, 2022 16:04
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Well on one hand it might start a fire, on the other hand it could get you to work on time so, it;s impossible to say if its bad or not,
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Sep 11, 2022 16:36
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mobby_6kl posted:Well on one hand it might start a fire, on the other hand it could get you to work on time so, it;s impossible to say if its bad or not, Well work is bad so it's bad.
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Sep 11, 2022 16:41
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MetaJew posted:Richard and Jeremy collectively getting their feelings hurt today Tell me you've never been poor or underprivileged without telling me you've never been poor or underprivileged. With regard to Richard, is Nik on any social media? I'd kind of like to let him know why I'm dropping support, assuming he cares.
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Sep 12, 2022 17:35
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MetaJew posted:https://twitter.com/JeremyClarkson/status/1568242161573044225?t=Idw5SFmqaRyOmppuueSQUg&s=19
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Sep 12, 2022 17:54
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Chris Knight posted:The perfect troll. Vague enough to mean basically anything, and identifying a nebulous out group to direct your wrath at. I'm sure he hasn't responded to any replies. Its not a troll if you believe its true. And I suspect Jeremy was quite serious.
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Sep 12, 2022 19:47
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 https://twitter.com/hardestrides/status/1567314170005127168?s=20&t=TjAjscj69WT2nuu9woRrOA While I applaud the technical execution and idea, the content absolutely means that it belongs here.
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Sep 13, 2022 02:23
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I love that account so much. 
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Sep 13, 2022 08:11
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Darchangel posted:
I dont think Nik is on social media. Probably for the best TBH even if he apparently doesnt share Brunning's Thatcherite leanings
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Sep 13, 2022 10:57
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CommieGIR posted:Its not a troll if you believe its true. And I suspect Jeremy was quite serious.
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Sep 13, 2022 15:36
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McTinkerson posted:
Well, I can’t hate that! CAT INTERCEPTOR posted:I dont think Nik is on social media. Probably for the best TBH even if he apparently doesnt share Brunning's Thatcherite leanings Yeah, probably for the best. Social media had so much promise, and then… people. Much like the planet, really.
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Sep 13, 2022 16:24
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