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Cake day: July 8th, 2023

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  • pdxfed@lemmy.worldtoTechnology@lemmy.worldTeachers Are Not OK
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    15 days ago

    the banks are going to have to get involved soon…figure out a way to load up working-age people with long-term debt

    Why the hell do the banks need to step in? System for an indentured workforce is already in full effect:

    • no safety net, unemployment difficult to get and punishing poverty if it’s all you have
    • require a car (e.g. initial capital and ongoing cost) to participate in many jobs
    • have oligopolies rent out housing that is so expensive even those with full-time work can’t save any money
    • have oligopolies own groceries, they maximize profits (consumer cost)
    • have oligopolies own medical facilities, they maximize profits (consumer cost)
    • stuff people full of consumer desires and give them easy access to credit





  • Hey, RIM/Blackberry’s CEO went to mobile world Congress in 2010, 3 solid YEARS after the iPhone launched, was dominating and defining the smartphone world and said, “we feel touchscreen is not the future of mobile phones” and rolled out another hybrid touch/keyboard model like the 5 they already had

    Blackberry was $150/share as of 2009 with the entire world in front of it. It’s now worth $3.59/share.