Late Stage Capitalism

These new layoffs in the tech industry are a continuation of major cuts over the last year. According to the tech-job tracker layoffs.fyi, there have been more than 200,000 tech jobs eliminated since the start of 2022. They include 18,000 layoffs at Amazon in recent months and 11,000 at Facebook parent company Meta in November.

To add insult to injury, many of the Google workers only discovered they were terminated when their key fobs didn’t work after they arrived at work. Google notified the workers through an email, rather than through personal contact. Meanwhile, corporate spokespeople and human resources representatives of the tech giants can be heard condescendingly telling laid-off workers to “build their resumes.” With mass layoffs at such a high rate, it is difficult for the displaced workers to be optimistic about future job opportunities.

Michael Hudson back on tour with another great breakdown of the current macroeconomic environment and its largely unchallenged narrative.

look all that progress!!

So this video has been the subject of online discourse. It was trending on Twitter and even Hasan talked about it which resulted in even more eyes on the topic. His fans don't have the best takes, to be honest, but a few did.

People are obviously split on this, with leftists getting the most heat for being critical of Mr. Beast and the system that curates the "need" for people like him, relying on charity to solve systemic issues.

On the opposing side there are people saying that Mr. Beast isn't the problem and he doesn't owe anyone anything. Beast is doing a nice thing and is not the person to attack or criticize. He doesn't need to use his platform and influence to educate people on systemic issues.

My perspective is that criticizing Mr. Beast brings light to systemic issues. He's clearly a very large creator and has many eyes on him, using his content as a stepping stone to introducing the general public to these problems. Sure, he's not the main contributor to homelessness and unaffordable healthcare, but his videos are clear examples as to how the system is an abject failure. Mr. Beast's name and image garners a lot more clicks than many of the other bourgeoisie that we criticize. The left can use his videos and connect it to other contributors to hyper-capitalism. On the other hand, this can clearly backfire if not handled carefully. If one criticizes Mr. Beast himself too much it can brew more enemies rather than allies.

Anyway, just thought I'd share since it seems relevant.

when you see that "Russia has the third highest teen suicide rate in the world, behind Belarus and Kazakhstan" you know the damage that capitalism did to russia

A federal appeals court rejected Johnson & Johnson‘s plan to use a legal strategy to push about 38,000 talc lawsuits into bankruptcy court, hampering the controversial tactic the company and a handful of other profitable businesses have used to move mass personal-injury cases to chapter 11.
 
The Third U.S. Circuit Court of Appeals on Monday dismissed the chapter 11 case of J&J subsidiary LTL Management LLC, which the consumer-health-goods giant created in 2021 to move to bankruptcy court the mass lawsuits alleging its talc-based baby powder products caused cancer.
 
The unanimous ruling was a rebuke to an emerging corporate restructuring strategy in which companies facing mass tort litigation invoke a Texas law to create a new subsidiary with minimal business operations and make it responsible for tort liabilities before putting that subsidiary in bankruptcy.
 
A J&J representative didn’t immediately respond to a request for comment Monday. The company has denied that its talc products are unsafe and said resolving the tort claims in a chapter 11 plan was more efficient and fair for injury claimants than litigating or settling each claim one by one.

- - - - - - - -

Continuing the theme of Castle in the Sky for the Ultra Rich.

Socioecinomic crisis solved everyone! Just build a castle for the ultra rich in the fucking sky, so they never have to touch those disgusting commoners!