this post was submitted on 07 Jun 2024
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PSA: Alternatives for the most popular lemmy.ml communities (lemm.ee)
submitted 5 months ago* (last edited 5 months ago) by [email protected] to c/[email protected]
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For all your boycotting needs. I'm sure there's some mods caught in lemmy.ml's top 10 that are perfectly upstanding and reasonable people, my condolences for the cross-fire.

  1. [email protected] and [email protected]. Or of course communities that rule.
  2. [email protected]
  3. [email protected]. Quite small, plenty of more specific ones available. Also linux is inescapable on lemmy anyway :)
  4. [email protected]
  5. [email protected]
  6. [email protected] and maybe [email protected], lemmy.one itself seems to be up in the air. [email protected] says [email protected]. They really seem to be hiding even from another, those tinfoil hats :)
  7. [email protected]
  8. Seems like [email protected] and [email protected], various smaller comic-specifc communities as well as [email protected]
  9. [email protected]
  10. [email protected]

(Out of the loop? Here's a thread on lemmy.ml mods and their questionable behaviour)

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[–] [email protected] 4 points 5 months ago (1 children)

What's the cutoff point for how much a Capitalist should own? A good amount of China's top companies are state owned, and there is a good amount of planning too, so I am just curious at what point becomes too much.

I am all for good critique of China, but it's the strategy they have stated, and we can only wait and see how it pans out over time.

[–] [email protected] 1 points 5 months ago* (last edited 5 months ago) (1 children)

What’s the cutoff point for how much a Capitalist should own?

Once it has systemic impact. Turn their company into a foundation, put them on the board, rest of the seats go to workers and something like the local university, allow that their kids two generations down the line are rich enough to never have to work a second in their life (if they manage to not squander), but definitely don't allow inheritance of that kind of capital which is what China does. Interesting paper especially about the inheritance thing, ultimately that alone is sufficient to curb concentration of wealth:

We demonstrate that chance alone, combined with the deterministic effects of compounding returns, can lead to unlimited concentration of wealth, such that the percentage of all wealth owned by a few entrepreneurs eventually approaches 100%.

We show that a tax on large inherited fortunes, applied to a small portion of the most fortunate in the population, can efficiently arrest the concentration of wealth at intermediate levels.

[–] [email protected] 1 points 5 months ago (1 children)

How would that impact China's goal of luring in investment if it scares off Capitalists?

[–] [email protected] 2 points 5 months ago (1 children)

This is about Chinese billionaires. No foreign stock-traded company would ever care that Chinese can't inherit fortunes.

[–] [email protected] 0 points 5 months ago

They would. If China cracks down too hard too quickly on Capitalists domestically, Capitalists may start to pull out.