zlacker

[return to "Power Failure: The downfall of General Electric"]
1. roenxi+Hd[view] [source] 2025-05-27 00:28:00
>>gwintr+(OP)
The "5. The Human Wreckage" section is probably the most interesting - on paper, everyone came out much worse (losers identified are workers, pension holders, shareholders, investors and executives which seems superficially comprehensive).

However it is important to recall that the people who actually made all the money extracting the wealth got out years before, retiring and/or selling stock. They're bystanders now and probably happy to run the whole operation again.

Although as an aside who these people are who think corporate pensions are a good idea is beyond me. People really should be in charge of their own savings in preference to their employer, expecting some random corporation to cover the cost was always a bit crazy even when it seemed sort-of possible that the system was stable. It is easy to have some sympathy but, as a practical matter, it was never going to work and it isn't a surprise that it didn't.

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2. potato+jW[view] [source] 2025-05-27 10:48:09
>>roenxi+Hd
>However it is important to recall that the people who actually made all the money extracting the wealth got out years before, retiring and/or selling stock. They're bystanders now and probably happy to run the whole operation again.

And therein lies the problem with modern society. Whether you're an MBA wrecking a company or a voter wrecking the local economy there is no mechanism for the people who you've wronged to get at you so there's no incentive not to behave that way.

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3. eadmun+z71[view] [source] 2025-05-27 12:37:15
>>potato+jW
Be very very careful about what you wish for: your definition of who’s wronged whom and others’ definition of who’s wronged whom are going to vary, and often be in direct opposition.
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4. LocalH+Eb1[view] [source] 2025-05-27 13:06:45
>>eadmun+z71
That definition should always favor the small guy over the megarich. It should be inverse of the situation's power balance.
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5. DocTom+ek1[view] [source] 2025-05-27 14:03:19
>>LocalH+Eb1
But then, before you know it, you’re back in the terror phase of the French Revolution—because once the guillotine demands to be fed, “the powerful” quickly becomes “whoever we don’t like.”

After several iterations of this pattern throughout our history (other examples are the Leninist/Stalinist purges or the McCarthy era), perhaps it is time we seek a better path—one that doesn’t end up written in the darker pages of our history books.

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6. toyg+Qz1[view] [source] 2025-05-27 15:49:31
>>DocTom+ek1
Well, one side of the struggle has all the means and time to find this better path. Are they doing that? No. So why should the weaker, poorer side do it ...?
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7. roenxi+Vy2[view] [source] 2025-05-28 00:46:15
>>toyg+Qz1
... because if you identify your opponents as making mistakes/behaving poorly it is a mistake to copy them.

If your argument is basically assuming "[these people] managed the situation so stupidly they triggered a social collapse" then it is an excellent strategy to try doing things differently. The aim should be to make things better, not worse with different people in charge.

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8. toyg+ag6[view] [source] 2025-05-29 13:47:24
>>roenxi+Vy2
But the poor side does not have any margins or resources, they don't have a choice as such. The only thing they can do is force the powerful to change course, by showing them what happens if they don't.
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9. roenxi+Ek6[view] [source] 2025-05-29 14:17:40
>>toyg+ag6
> ...by showing them what happens if they don't.

So do the poor not have any resources, or do they have sufficient resources to bully the rich? Because if they have enough resources to cause other people problems they should maybe consider trying to use those resources to better themselves instead.

They don't have much, but they have more than enough to get much better results if they behaved in a sensible and organised fashion. If nothing else, a lot of poor people live in democracies and have the numbers to ram policy through if they have enough neurons to separate good ideas from bad [0]. I suppose it depends on what you want to call poor, but if they've got the numbers, time and energy to wreck things then they've certainly got the numbers to effect positive change.

I'd agree most people probably aren't up to the challenge; but searching for a better way is a much better strategy than being all "we're going for a replay of la Terreur!".

[0] The political process is pretty devastating evidence that they don't, it appears the best effort in a well educated place like the US was either Trump or the US Democrats. Hard to tell which attempt is more pathetic. Most voters have nearly no idea abut complex issues like creating prosperity.

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10. immibi+Qy6[view] [source] 2025-05-29 15:50:28
>>roenxi+Ek6
The poor can sacrifice their lives to get back at the rich. This happens if the rich make things so bad the poor decide their lives have zero or negative value. This happens often throughout history.
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