I like everything you said about travel but want to hone in on this one. I think it's suuuuper important. I grew up in a middle class environment and it took a long time for me to truly "get" that there's so many people who have less than that, just because it's not something I grew up around (and media heavily reinforces this).
Likewise, if not for Hexbear I would living in a bubble of people roughly my own age and completely cut off from younger people, who (especially but exclusively comrades here) are very cool and good. I despise when older people hate "the youth" and have promised myself I will never become like that.
I'm thinking more like little kids (mine are little). When their older yeah, let them listen to their music during their time and your pods on your time (or however you split up what plays when kids are older, idk)
I strongly suspect that if Pete's dad was like every other college professor I've known, there's a good chance he was violating #1. Most professors I know put the job first and their families a distant second.
I think there's plenty of "serious" podcasts. To name a few: Already Existing Socialism, Cosmopod, The Measures Taken, Rev Left, Varn Vlog. But I do lots of others than are not explicitly commie, like Means Morning News, Electronic Intifada (my kid asks really good questions about Gaza), Red Nation, Citations Needed, Macro & Cheese, and others.
But like Frank said, I'm not too worried about the crass factor too much. I don't listen to TrueAnon or Chapo. Deprogram I think is more or less fine. I've already played Trillbillies for them and my kid loves them honestly. I think my kid picks up on the fact they are friends and that they have a nice conversational style to them.
Earlier today, I was reading an abstract of a paper that showed there was a relationship between being an overly fearful child and eventually becoming a conservative adult.
And on top of that, they can always write down the value further due to “impairment” like obsolescence. For example, maybe a specific missile costs $1 million and it is straight-line depreciated for 5 years. After 3 years the book value is $400k. However, they can just say “we have a new missile that’s better so this old missile is obsolete, the value should only be $100k” then they can write down the book value even further.
Also, if they use FIFO inventory accounting, only the oldest stuff on record is used EVEN IF IT ISN’T physically the oldest stock. So if the costs of the equipment get more expensive every year then what’s counted as being given to Ukraine has the lowest value, even if in real terms they are giving them the newest stock.
8.9k upvotes. If there was ever a comment that convinced me Reddit is astroturfed / an op, this is it. Because they are objectively wrong. Or at least intentionally misleading.
They’re focusing on the fact that the valuation equipment changed and ignoring what that actually means. Sure, by itself it doesn’t affect US taxpayers. But the point is, the military says they overvalued it by $2, so that allows them to send $2 billion more worth of equipment. That’s additional stocks of weapons that ostensibly have to be replaced, which is paid for by tax dollars.
And while it’s not provably corrupt, it strains credulity to think this was not done in order to ship more weapons. Revaluations of this kind are much much more likely because someone wants it revalued, i.e. corruption.
I don’t remember why it took me a like a week to sign up. I kept checking the lifeboat discord for news. I think I missed it by a couple days. I made an account but didn’t like the name so I came up with this one.
This was Obama’s slogan, because he would always call out issues but then act like he was powerless to do anything.
Biden’s strategy is to act like problems don’t exist and actually it’s the people who are wrong, the economy is doing great. To say otherwise is to imply you actually support Trump.
It’s honestly impressive how well Marx understands accounting. People who aren’t involved in accounting may not think it’s important but accounting is how you can understand how money flows within and without a capitalist enterprise. The whole idea about how fixed capital adds value proportional to its “wear and tear” is essentially the same thing as how we calculate depreciation on equipment. Cost accounting is how costs are allocated to things that don’t directly incur a cost that can be measured per item produced, and Marx uses that conceptually throughout Vol 1 & 2.
Absolutely. Maybe I can just scan them to text and share, might be a bit disorganized since I just did it free form to help my knowledge but if it’s helpful I can share them.
I haven’t been involved in Vol 1 since it had been a while but I wanted to follow along still. But, I just finished Vol 2 so I really want to get involved there. I missed ch 1-4 but here I am.
Ch 6 is an absolute beast. It’s confusing and Marx isn’t clear in a number of areas. Even David Harvey I think got some conclusions wrong (no fault of his own, he’s never worked in accounting in a manufacturing setting like I have so it’s understandable).
That said, I think it might be one of the most important if not the most important chapter in the book, certainly in its relevance for modern capitalism. The idea that value is created only in the production sphere is ground breaking and the implications for an economy that has hollowed out its own productive capacity (like the US has) are profound.
Ch 6 is a struggle. I read it through and was really confused, so I sat down and took like 20 pages of notes (I write big though) and committed to not moving on until I finally grasped it. It was a ton of work but I’m at the point now where I think I get it.
If you’re struggling to understand what kinds of cost add value and which do not, I found that thinking about modern production is only going to confuse you. Instead, think about a grain farmer. For a grain farmer, storage adds value because grain, by its very nature, MUST be stored. Otherwise you can’t just have everyone eat grain for a month and starve the remaining 11 months. Likewise transportation costs must be productive because farms are far away from cities.
I highly recommend checking out Ian Gough’s paper Marx’s Theory of Productive and Unproductive Labour in conjunction with chapter 6. I’ll try and summarize my notes as best I can but probably easier if I try and answer questions as they come along.
Because the market processes all information at a speed that makes regularly beating the market impossible; and literally every investor on earth is looking for an “edge” at the same time. The stock market is “efficient” from the standpoint of, any profit you can make by trading on new information vaporizes in a nanosecond.
I use quotes around the word “efficient” because I’m NOT implying the stock market is efficient from a Marxist or resource allocation perspective. Just that today’s stock prices reflect the sum of all information that we have about a given stock up to the moment.
The outperformance of index funds is largely due to their lower expenses and the fact that money managers, just by trying to beat the market, often do the wrong thing.
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This is the communist festival right? That one is very high on my list of things to do before I die.