dawnglider

joined 5 months ago
[–] dawnglider@lemmy.ml 1 points 5 days ago* (last edited 5 days ago)

That's interesting but I think you're making a couple of crucial mistakes.

First as others mentioned, production and consumption are obviously intrinsically linked. A bigger country doesn't automatically mean bigger quality of life despite having more workers, Switzerland is not richer because it's smaller when it's got roughly the same population as the poorest country on earth. But if talking proportionally, more workers per capita means more production per capita, which means more consumption per capita.

Second, to kinda go in your direction and in part because of the contractual nature of employment, the market pressure on workers wages is not a product of the number of workers, but the number of available workers. For working (not unemployed) people, the quality of life does increase as that number gets lower, but this means less unemployment, not less workers. This fact is the reason why unemployment is not a side-effect of capitalism (or the lazy nature of people or whatever else), but a necessary feature of capitalism, since capital relies on this perpetual supply drive (buyers market) for profit.

edit: This isn't to talk about immigration, this is a more nuanced subject. Immigration has been defended on progressive basis (often not genuinely, but to benefit from cheap exploited labor) and attacked on reactionary basis (surprisingly also often non genuinely, e.g. France making massive anti-immigration propaganda in the 20th from one hand while asking border to let through illegally half a million of Portuguese workers with the other, against Portugal's demands).

[–] dawnglider@lemmy.ml 3 points 5 days ago

There's countless invaluable Jewish voices in the anti-zionist movement of course, but what Jewish homeland could you support that wouldn't be an ethno-state? /g

[–] dawnglider@lemmy.ml 9 points 1 month ago* (last edited 1 month ago)

That's cool!

In previous studies "The bipaternal mice exhibited developmental disorders, including craniofacial deformities, where their facial width-to-length ratio was broader compared to normal mice" and "difficulty suckling", with only 12% survival rate at birth. Their approach alleviates both those defects, "however, the mice still exhibited behavioral abnormalities, such as a tendency to enter the center of an open-field test, which is contrary to the instinctive behavior of rodents". A previous 2023 japanese study did something similar using skin stemcell and relying more heavily on genome editing.

Two main benefits outlined in this Reuters article going a bit more in depth seem to be around regenerative medicine and potentially a later method "for producing offspring through unisexual reproduction" for endangered species.

[–] dawnglider@lemmy.ml 9 points 1 month ago* (last edited 1 month ago)

It's funny that they did all that and open-sourced it too. Like some kid accusing another to copy their homeworks while the other kid did significantly better and also offered to share.

[–] dawnglider@lemmy.ml 2 points 5 months ago* (last edited 5 months ago) (1 children)

Sorry I wasn't very clear, thanks for pointing that out! I'm referring to the arguments opposing nationalisation in the mainstream discourse and not the actual obstacle to it happening (I wouldn't accuse the Labour Party of acting in good faith).

Within the liberal ideology you often here things like "who's gonna pay for it" or "it'll be too expensive", I'm saying that those arguments are surprisingly false even within the frame of liberalism. They pretend that it's impossible due to some cold accounting reality in order to deflect conversation away from the core idea, but this opposition is actually ideological too (it's just more of an uphill battle to defend keeping water in private hands than most other commodities).

As a matter of fact all neoliberal "theories" crumple under their own weight surprisingly fast (EU's flavor in ordoliberalism with it's 3% deficit to GDP and 60% debt to GDP ratios being dazzling examples of idiocy) so you might be onto something, perhaps it's because they're not the product of rigorous research but instead attempts to justify something that is already there 🤔

[–] dawnglider@lemmy.ml 6 points 5 months ago* (last edited 5 months ago) (4 children)

Is that really the case though?

Nationalisation would of course be supported by debt (just like any public investment), so it would only be a matter of comparing the interest rates to the cost of renting. Well most private companies are supported by debt (as they should), so part of the cost is directly paying for the companies' debt. The state will always have lower interest rates (Since the BoE base rate shot up to 5% in the last 2 years you might have to take into account the maturity of different obligations but this would settle as debt gets refinanced), and taking the first company outlined, "Wessex Waters", their financial report show a cost of debt of 5.2% for 22-23, with a debt-to-equity ratio of about 4 if my maths are good.

What this means is that for Wessex Waters, even if we completely ignored profit margin in the form of dividends (5.4% yield), overhead cost of private business (extremely high leadership salaries, bonus, lobbying...etc) and the fact that interest rates are only gonna rise, it would still be profitable in the very short term to nationalise the company.

Don't be mistaken, what's opposing nationalisation and public ownership is and always has been purely ideological (market is more efficient, national debt is somehow a problem), there is absolutely no financial argument against it.


BONUS: Because if I had to skim Wessex Waters strategic report, might aswell chop up some of the Chairman's foreword:

The high quality of our customer service was again recognised, [...] however, we were extremely disappointed that we failed to maintain our record on environmental performance.

Our financial health has always been, and remains, robust.

I thank the Lord Jesus for his constant grace and guidance and pray that we will be able to rise to the challenges we face.