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New Tea With Alice with Dan Ilic, and Contemplations on The Nature of Work

🕑 Added 2021-09-24 04:52:27 +0000 UTC
New Tea With Alice with Dan Ilic, and Contemplations on The Nature of Work

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Meagan

There's a great little coffee shop in the town I live that during covid had to shut down a location because they couldn't get anybody to work for them. Minimum wage was all they paid. People around town of course bemoan that those getting unemployment are "too lazy" to take a job, and here was a "perfectly good" job somebody could take. It's really complicated my feelings for this coffee shop, the owners (who are lovely people) and the town I live in.

Without rules, rugby would just be a fight in a field. With too many rules it would no longer be a game. To consider capitalism as somehow separable from regulations and laws is not something that I can make sense of. There will always be some balance and to talk of capitalism being "broken" misses what I believe is the more important point - societies may be losing the ability to collectively agree on where the right amount of regulation is. I work in a highly regulated industry in a Communist country and there is still plenty of room for capitalism. This society just chooses to have a bit less than what is possible. Very troubling for me of late is that much of what calls itself innovation is nothing cleverer than a regulatory arbitrage.

"Anyway, as ever, no conclusions, just some thinking. " Your thinking is great and much appreciated. Please keep doing that!

This is all absolutes vs. nuance / degrees of difference: Our Neolithic brains are almost hard-wired to give a very fast decision in a fight-or-flight situation that something is "good" or "bad". Very binary, and important if you're about to be eaten by a tiger, or need to chase down a woolly mammoth. But kinda useless for modern life. Capitalist dogma "the market will sort it all out efficiently" was written by the sharks, who are largely compassion-less and put no value on the un-measurable human aspects. But even in good ol' US of A their markets are not 100% un-regulated. So the black of white argument is never productive, since we can always point to where society, through government, has to step in and regulate the Capitalist Beast. The conversation therefore should really be about degrees of regulation; how much of a Public Service (for the good of a general population) should be allowed to be borne by private enterprise, and what regulatory framework makes sense. My personal view is that Private Enterprise should be nowhere near Public Health preventative measures because there is no linkable business case for such an insurance policy, where the benefit is a number of random people don't die (look at UK Conservatives foolishly chopping our Pandemic advisory board literally only a few months before Covid-19 hit. That was a *huge* thing that cost many British lives, but was barely mentioned). That said, there's a good case in sub-contracting to Private Enterprise, if they can deliver innovation and more efficient service, since they can adopt new technologies much faster, and the Public body can simply dismiss a lagging provider in favour of something better without suffering Public Sector inertia or staff restrictions. *Then* we're back to governance: such a system needs an properly accountable governing body, and tight rules to stop politicians interfering too much. As we've seen in the recent UK cases of Ministers enriching their Party donors / Pals with useless equipment! I'll get off my soapbox now...

Capitalism has done really well for itself, as confidence tricks go. Maybe people are onto it now


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