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    Capitalism: The only moral system
    • Usual Austrian school thing:

      Capitalism is the only moral system because it requires human beings to deal with one another as traders — that is, as free moral agents trading and selling goods and services on the basis of mutual consent.

      Well, shit. If you want to sell your workforce it is not free will and not mutual consent despite someone wanting to say you otherwise. As you need to eat and live somewhere. You are not on equal terms with owners.

      Even if you buy something in shop you are not on equal terms with corporations who own shop and get 300% margin (with 50% sale on item :-) ) and manufacturer who used some toxic shit making it. You just can not compete with them, as do not have equal access to information.

      And yes, capitalism is the only moral system. It is true. Just small thing that ruling class forgot to tell you. It is moral to them. As no such thing as moral exist outside specific class. For capitalists all is moral. Good for them, bad for ya.

      Capitalism is the only just system because the sole criterion that determines the value of a thing exchanged is the free, voluntary, universal judgment of the consumer. Coercion and fraud are anathema to the free-market system.

      Coercion and fraud are usual in capitalism, any lawyer specializing in business will say you this, or anyone who did business on long enough time.
      As we saw above, exchange is made with different access to information and with different power. You can read some stories of Walmart behavior with suppliers as example.

      It is both moral and just because the degree to which man rises or falls in society is determined by the degree to which he uses his mind. Capitalism is the only social system that rewards merit, ability and achievement, regardless of one’s birth or station in life.

      Science research of capitalism proves this false. Statistics and any polls will say same. Anyone who know how corporate ladder works can also laugh very loudly here.

      Yes, there are winners and losers in capitalism. The winners are those who are honest, industrious, thoughtful, prudent, frugal, responsible, disciplined, and efficient. The losers are those who are shiftless, lazy, imprudent, extravagant, negligent, impractical, and inefficient

      And this is just perfect example of idealism, as philosophical foundation of capitalism. You are poor despite working hard and very good? Well, blame on you, you made something wrong, work still not hard enough, get second job, etc.
      What? You ask why this guy do not work at all and owns millions? Stop asking such question, he is the "chosen one", you do not see his hard intellectual breakthrough that happened once he was born son of bank owner.

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    Vuze 3D VR camera
    5 comments 6 comments Vitaliy_KiselevMay 12Last reply - May 28 by markr041 Subscribe to this blog
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    ERoEI of solar panels is below 1
    • Ferruccio Ferroni and Robert J. Hopkirk paper Energy Return on Energy Invested (ERoEI) for photovoltaic solar systems in regions of moderate insolation estimates the ERoEI of temperate latitude solar photovoltaic (PV) systems to be 0.83. If correct, that means more energy is used to make the PV panels than will ever be recovered from them during their 25 year lifetime.

      The findings of this single study suggest that deploying solar PV at high latitudes in countries like Germany and the UK is a total waste of time, energy and money.

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    Camera Sales: GoPro sales are in free fall
    • Action camera maker GoPro released first quarter 2016 earnings. Numbers aren’t pretty. Last year company posted adjusted revenue of over $363 million and a profit. This year revenue came in at only $184 million with a loss of $0.63 per share.

      Even worse, GoPro was expected to try to boost sales with by releasing a new consumer drone product in the first half of 2016. Now it’s delayed until the holiday season.

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    US: Diaper Gap
    • I can’t imagine what it would have been like to be a parent that has to choose between diapers and other basic expenses. Access to clean diapers isn’t just important for a child’s health and safety. Research has shown that mothers who are unable to afford diapers for their babies are more likely to suffer from maternal depression and mental health issues.

      No mother or father should have to worry about keeping their baby clean and healthy because they can’t afford diapers. America’s parents — and children — deserve better. That’s why, in addition to addressing the diaper gap in my budget, I challenged the private sector to apply their expertise and innovative thinking toward creating a solution for families that cannot afford diapers.

      Well, shit. Diapers are high marginal products that damage ecology much more than all this plastic pockets.
      Just stop using them.

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