Morning News Rundown

In the war of GMO labeling, Big Food is losing the crucial PR battle

Georgia’s dialysis crisis: Life and death on a fake kidney

New Russian laws make life difficult for migrant workers

Opinion: Financiers and power producers rig electricity markets

Greek government backtracks on austerity

US blogger hacked to death in Bangladesh

 Global warming a moral concern to most

Suicide spike among middle-aged after 2007

Assyrian Christians crowdfund ISIL fight      

How ‘Jihadi John’ became radical is unclear     

Opinion: US may upend Somalia’s economy

Attorney: Cops shot Pasco man from behind

China imposes brief ban on ivory imports

Banksy brings art and attention to Gaza

Anti-Syriza protesters clash with police

US convicts Bin Laden aide in bombings

HK maid abuser sentenced to six years

Study links athletes to campus gang rapes

Ebola health workers’ quarantine was ‘wrong’

Net neutrality: Who won? Who lost?

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Drake’s new album has broken records and scored a #1 spot on the Billboard 200. Forbes looks at the growing trend of alternative album releases and how they can result in huge sales and revenues.

spill-your-mind asked:

What I think people forget is both owners and employees are "workers." Most owners put in 80 hours a week and are the ones that take more impactful risks. I choose to not grow a garden myself, so others grow foods for me and I trade for it (grocery store). To deny property rights is to deny self ownership which is to deny any accountability of ones actions. If you read Mises you see that property and prices are required for the proper allocation of resources. Polls/voting will fail.

It is true capitalists work: they do business, spend (invest) their capital, they hire people for the toughest works, and everything they do is to increase their wealth, at their own advantage (and in opposition to the good of environment, and the poorer classes).
On the other hand the proletarians, immigrants, the precariat, can not help but carry out the less intellectual, heavier and demanding tasks, though often highly specialized. The risks of which you speak are also risks shared by the employee (which frequently loses his job) not that he can do anything to avoid them.

We live in a free market system for over four centuries today, if capitalism worked it would have amply demonstrated it. Instead what has been shown is that in this system the inequalities tend to gradually increase, making the owners class the richest (of most of the goods), at the expense of poorest.

To deny property rights does not equal to deny self ownership, it only means to eliminate the competition between the poor, and to eliminate the luck of birth as a causative factor of social wealth. The right to personal possession of some goods is not equivalent to the right to the capital (that benefits one class upon another).
By making the means of production common to all people, not only you would impose liability and work for a greater education of all individuals (promoting values such as solidarity, the common good and equality), but you would make the system more efficient.

Property and prices are required for the proper allocation of resources only in a (free) market economy. In a different type of economy however the allocation can take place in a voluntary manner, and with more precise and accurate predictions, producing the goods on the basis of environmental assessments and also on the social cost of production.

Here Is What Americans Spent Their "Gas Savings" On

Last quarter, in “This Is What Americans Spent The Most Money On In Q4" we showed that according to the first estimate of Q4 GDP data, the American consumer spent a whopping $20.4 billion in nominal dollars on healthcare, which also resulted in the biggest consumption contribution to GDP in years.

Today, following the first revision of consumer spending, we learn that in the fourth quarter Americans spent even more on healthcare, pushing the total up by $1 billion more, to a whopping $21.4 Bn, or 18% of all spending on goods and services in Q4.

This upward revision on healthcare, of which Obamacare was the primary source of mandatory spending, takes places even as the bulk of the key spending line items were revised lower following the revision.

In any event, the math is clear - the next time anyone asks you what Americans spent their so-called “gas savings” on in Q4, and why retail sales in the end of 2014 (and the start of 2015) were so weak, show them this chart.

The natural outcome will be more “regulatory capture,” in which the institutions with the most at stake in a regulatory agency’s decisions end up controlling the agencies themselves. We see this all the time in the revolving door between legislators, regulators, and lobbyists. And you can also be sure that once this happens, the industry will close itself off to new innovative firms seeking to enter the marketplace. The regulatory agencies will ensure the health of the status quo providers at the cost of new entrepreneurs and new competitors.

ok… what do you think the going rate for a 4 digit dragon is? because i just came back from a really long hiatus and wow i think i would make a lot of cash selling one, but i don’t even know what a good price would be @___@

In the United States, just three out of ten workers are needed to produce and deliver the goods we consume. Everything we extract, grow, design, build, make, engineer, and transport – down to brewing a cup of coffee in a restaurant kitchen and carrying it to a customer’s table – is done by roughly 30% of the country’s workforce.

The rest of us spend our time planning what to make, deciding where to install the things we have made, performing personal services, talking to each other, and keeping track of what is being done, so that we can figure out what needs to be done next. And yet, despite our obvious ability to produce much more than we need, we do not seem to be blessed with an embarrassment of riches. One of the great paradoxes of our time is that workers and middle-class households continue to struggle in a time of unparalleled plenty.
—  J. Bradford Delong - Making Do With More

spill-your-mind asked:

Re: exploiting workers But if we can increase the capacity of the worker to be that of the "capitalist" then surely that would solve the problem. And indexes show that areas with a freeER market have less poverty, than those which are less free. The question then arises how to we give the same capacity to create wealth that the "capitalists" have to the "worker." They could not only produce their own food, but start a business. But the key issue, to me, always comes back to education.

The case is very simple. The market is always declined on one type of class society. The origin of this division is obviously the private ownership of the means of production. The concept of private property gives each owner the right to do with their property anything to his liking, although decisions on some of its assets may have side effects or other negative impact on other people.

Probably some markets may work a little better than others, but what remains is the basis of inequality typical of that kind of economy.
The only way to overcome and redress imbalances is to adopt a type of society in which people are not divided by those who own (and invest) and those who work (with no real alternative) but that makes everyone equally owners and workers. And in order to do so you need to estabilish the means of production common property of all, redistributing the work according to the difficulty and the ability of each.

As the market is a system to allocate goods within society, functional to a class economy, it may be replaced by a more efficient allocation: participatory decentralized allocation, an alternative system of allocation that differs from the free market and the planned economic system.
This consists of a network of communication and information to gather and sort the informations on the individual and collective preferences of consumption (and thus of production). Considering the social opportunity cost of the good, this allocation system is based on a good and refined prediction of consumption needs for a rather long period of time (at least a year), both individually and collectively.

You know, for the past four festivals I have been here for there has ALLS been people complaining about drop rates.

And each time I have been able to get at least 2 of everything (including emblems) via gathering and casual grinding (15 hours max through out the week).

This includes spending my first festival in Woodland Path, because I was new.

Pardon me if I don’t buy the your bullshit, flung out every event. Life is hard. Games can be do. Suck it up and realize you cannot always have what you want, but this is doable for anyone who spends their time working for it rather then complaining.

Buck up Buttercup and spend that time earning your stuff.