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Comment Re:Building wealth (Score 1) 190

Capitalism just means that the means of production are privately owned, by investors with a profit motive. That's all. You mention the post WW2 era as an example when life was still good for even the lower incomes, and that was also a capitalist era. Capitalism has brought a standard of living unheard of in most of human history, not to the rich but to the working class.

It took more than capitalism to make that happen, capitalism does not provide equal opportunity to everyone nor does it necessarily distribute wealth fairly. And it seems that capitalism tends to concentrate money and with it power into ever-smaller groups. It takes unions, governments, laws and watchdogs to ensure that businesses keep their proper place, play fair and do right by everyone. And they used to do that fairly well for over a century. It's those entities failing us now, not capitalism. GP is right about that.

Comment Re:Yes (Score 1) 190

Yes and No.
MBAs are taught to look at the wrong things. But that "wrong thing" is not the profit motive. Profit is the purpose of a business, in its essence. A founder or enlightened CEO might give it purpose beyond that, but at its core, profit is the goal.

The real question is: what agencies and regulations exist to ensure that this profit motive - useful as it is - serves society's higher goals?

Comment More food retailers getting hit in EU (Score 2) 105

Same day, Albert Heyn and Delhaize got hit (Netherlands and Belgium). The nature of the incident is as yet unknown, but it is now clear that these supermarkets have had to shut down parts of their systems preemptively, following a "cyber incident". The shops are operating (and freezers are cold), but websites are down, self-checkout kinda works, payment systems are slow, and all home deliveries have been cancelled. Logistics to stores have also been affected.

Comment Re:Groundwork for censorship (Score 1, Troll) 113

"There use to be news, with editors that would filter out the wrongthink"
FTFY

Wading through the garbage, one does find a few gems from time to time. Not unfounded rumours, but verified stories with links to sources that the regular newspapers do not print for some reason, or discussions and opinions outside of your own bubble. And it becomes clear how much of a bubble mainstream publications have become. Or maybe they always were...

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