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#profit

8 posts8 participants1 post today
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Verfassungklage@troet.cafe

#Digitaler #Kolonialismus: „Viele Menschen haben für #Metas #Profit gelitten“

Die #Anwältin Mercy Mutemi führt in #Kenia mehrere strategische Verfahren gegen #Tech-Konzerne. Im Interview erzählt sie, warum Content-Moderator:innen Gerechtigkeit verdienen und wie ihre Vision für eine selbstbestimmte digitale Zukunft Afrikas aussieht.

netzpolitik.org/2025/digitaler

netzpolitik.org · Digitaler Kolonialismus: „Viele Menschen haben für Metas Profit gelitten“Die Anwältin Mercy Mutemi führt in Kenia mehrere strategische Verfahren gegen Tech-Konzerne. Im Interview erzählt sie, warum Content-Moderator:innen Gerechtigkeit verdienen und wie ihre Vision für eine selbstbestimmte digitale Zukunft Afrikas aussieht.
Public
quackademic

The interests that oppose renewable energy are suddenly very concerned about possible effects of wind turbines on wildlife (always comparing their impacts to no intervention, never to the impacts of the coal power stations they will replace). Yet somehow they’re very blasé about the risks from nuclear.

It’s almost as if safety & efficiency wasn’t the point.

The agenda here is distraction with spurious ‘debates’ as cover for squeezing the last profits out of fossil fuels before it’s too late.

#AusPol #RenewableEnergy #FossilFuels #profit

abc.net.au/news/2025-03-16/off

ABC News · Do offshore wind farms kill whales? The facts, fiction and unknowns of marine renewable energyBy Jean Bell
Public
My best life 🎒

**Balance**: 116.47$ ⬆ +2.58
**PnL**: -74.90 ⬆ +2.60
**MDD (7 days)**: 50.33%

Friends, you see the trading results. I continue to find the best options. When the best one is found, I will still improve it. This is a very resource-intensive process. Don't stay aside, support me in any way you can: Like, promotion, subscription, or coffee, link in profile. If you buy me a coffee, I will definitely drink it in your honor with a photo report. I love you, I love the world, and the Creator! ❤️🌍🙏

#growth#wealth#profit
Public
rival

«I called it the greatest heist in human #history. All of human #culture is being ingested into these #AI models for the #profit of a few technology companies. (...) Not just #books. All of #science. All of our cultural knowledge. All of #personal knowledge. This is #BigBrother but not exactly as #Orwell imagined. It is not a government, but a large tech company that will know more about us and the world than a human could possibly comprehend.»
theguardian.com/commentisfree/
#capitalism #llm #democracy

The Guardian · I have been an AI researcher for 40 years. What tech giants are doing to book publishing is akin to theftBy Toby Walsh
Public
My best life 🎒

**Balance**: 131.00$ ⬇ -11.31
**PnL**: -63.44 ⬇ -11.29
**MDD (7 days)**: 46.23%

Friends, you see the trading results. I continue to find the best options. When the best one is found, I will still improve it. This is a very resource-intensive process. Don't stay aside, support me in any way you can: Like, promotion, subscription, or coffee, link in profile. If you buy me a coffee, I will definitely drink it in your honor with a photo report. I love you, I love the world, and the Creator! ❤️🌍🙏

#profit#business#crypto
Replied in thread
Public
Doc Edward Morbius ⭕​

@SharkAttak A chief failure of the profit motive is that it cares not a whit where profit comes from.

If profit derived only from wealth as defined by Adam Smith ("the produce and labour of the nation"), that would be fine.

But profit is in fact an accounting artefact, not an economic one. That bit of equivocation is at the heart of a great deal of the apparent contradictions and fallacies of mainstream economics.

Profit is based on realised costs and revenues, which means that any trick which can be used to lower or offset / externalise costs, and to inflate or capture revenues, is a net gain to the business.

That's why "free market" entrepreneurs are not in fact in favour of free markets where they can secure higher profits by suppressing free markets. Whether that's through dumping toxic waste (physical or informational), fraud, slavery, labour oppression, tax avoidance, quashing or buying competitors, oppressing suppliers, inserting themselves as middlemen in trade (capturing both supplier and consumer surplus), monopolisation, regulatory capture, lobbying, or any of the other abuses.

Markets can be effective, but generally only where there is a balance of power between capital, labour, government, and common weal generally. If you read Smith closely you'll find that he's a champion of small scale commerce, but casts a jaundiced eye on monopolies (he doesn't use that word, but search for "engross" within Wealth and you'll find some mention), and those who can influence the State to their own interests (wool merchants get a call-out).

As best as I've been able to trace, it, the principles of cost accounting in the US were set out by Alexander Hamilton Church (and yes, related to that A.H.), see: en.wikipedia.org/wiki/Alexande.

There's a wonderful inquiry into cost accounting by Leo Tolstoy in, I think in What Is To Be Done, (sometimes "What Then Must We Do") a collection of essays: en.wikipedia.org/wiki/What_Is_ theanarchistlibrary.org/librar.

@Gotterdammerung

I'm pretty sure @pluralistic is aware of much of this but AHC may be of interest.

en.wikipedia.orgAlexander Hamilton Church - Wikipedia
#Economics#EconomicFallacies#equivocation
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