[linspace]

Your comment cheers me up, but you are assigning to much blame to individuals.

Everybody notices that companies could function (even better actually) with something like 1/3 or less of their workforce. The other 2/3 are just doing BS work. Why? As with evolution there is really no objective, just some causes with an outcome. One of them is that companies don't know what to do with the money. They have all this people trying to figure out what to do next. Hence the hiring freezes in some companies right now with the economic downturn.

[netmonk]

May be because flooding market with free money called quantitative easing isn’t anymore putting selective pressure on efficiency of company. Since 2008, thousand of billion of $ where distributed to market, reaching the point that there is too much money available inducing negative loan interest and. Even more surprising negative oil barrel price in 2019. Can you imagine negative interest is literally like getting paid to subscribe to a loan. You borrow 1 000 000 , you reimburse 900 000 and keep the difference.

So thousands and thousands of companies are keeping alive with zero or negative profit. Those company are totally inefficient or sustainable in a normal world where you have to fight to be profitable.

So the main responsible aren’t the worker, but all the top managers who instead going bankrupt and face realistically that their companies are totally inadaptés and inefficient to generate profit, they just eat the free cake of quantitative easing that central banks are cooking every day. In this scenario, the standard worker of those company is just an incounscious partner in this con scheme and nobody ask him to be in any way profitable or efficient.

[linspace]

> flooding market with free money called quantitative easing isn’t anymore putting selective pressure on efficiency of company

On the contrary I think that selective pressure is brutal. That's why everyone is trying to predict the future, because everyone knows that whatever they are doing today it's not gonna be valid in 20 years. Companies are constantly reinventing themselves, changing the way they do business. Internet has swallowed whole sectors of the economy and changed even the most traditional ones in what, 20 years?. Nobody would call you crazy if you said that in another twenty years Apple or Google have disappeared or are irrelevant.

[imtringued]

I am always amused when I see people do not believe in competition in capitalistic markets.

>May be because flooding market with free money called quantitative easing isn’t anymore putting selective pressure on efficiency of company.

Quantitative easing does no such thing. Educate yourself about the banking sector. Private commercial banks create money. Quantitative easing is a bandaid to maintain liquidity between banks as depositors demand ever more liquidity.

I hope you are aware that when you have a mass of people being unemployed then hiring them by no means deprives another company of a potential employees because that other company can just hire another unemployed person. When there is unemployment there is no competition over employees. It is impossible for there to be competition amongst companies. The idea that somehow free money is ruining everything shows a complete lack of understanding of even the most basic concepts of a market economy.

>Can you imagine negative interest is literally like getting paid to subscribe to a loan

People pay money to store cash in safes it is only natural that people pay money to store risk free liquidity when the real economy consists of nothing but risk and illiquidity.

>So thousands and thousands of companies are keeping alive with zero or negative profit. Those company are totally inefficient or sustainable in a normal world where you have to fight to be profitable.

Fight to be profitable over what? What constraint exists that forces companies to win a competition? A lack of employees? No. A lack of physical capital? No. A lack of energy? Maybe but there are energy producing technologies that benefit from lower cost of capital.

Again, if you have a mass of unemployed and underpaid people it doesn't matter how efficiently you use them because you are competing with unemployment, a wholly unproductive activity or underemployment which is partially unproductive.

I find it amusing that your primary concern with the economy is that profit requirements have disappeared and hence we are able to create more wealth and employ more people, you deride those things as unproductive or inefficient, as if people have to operate at peak efficiency their entire life or get eaten by the commercial bank and investor sharks as threatening people with poverty and long term unemployment is the only way to beat the laziness out of people while blaming those people for the systemic unemployment you advocate for as that allows you to call people lazy and absolve you from any responsibility.

Anyone who understands the system knows that it is wrong and no, a lack of extortion through interest is not the part that is wrong.

[netmonk]

You can write whatever tartufferie you want to hide the fact.

You didn’t even understand the basic of negative interest. By inverting who pays who.

Surely you avoided that negative oil barrel price events showing how much those smart ads financial boys can be more stupid than common sense.

After that you talk about unemployment which was not the topic here and is irrelevant in this talk. When there is free money you don’t need to fight to get it. I hope this is something easy to understand. Most of the time the free money is injected into market to buy back stock and keep value at top. In order to fake the reality that most company aren’t sustainable without this free money.

You should read about John Law and the conclusion of the first attempt of printing money for free…

But if not, then you are welcome to stay in your fantasy financial bubble and keep your sarcasm to your other brainwashed mates.

For information im an it guy working in financial institution for 20 years. So everyday I meet smart ass finance boy with high perception of their smartness while failing most of the time to beat the market.

I was in front line with my computers in a high frequency trading service, when all my traders bet on remain, and loosing millions of euros the day England choose to brexit.

You talk like an idiot, an ideological idiot. That’s all.

[aaomidi]

The solution to this is simple.

Remove the need for people to work for their basic and advanced needs.

Guarantee everyone a medium standard of life, with or without a job, and suddenly talent becomes expensive and efficiency rises.

We do not need to all work. Mass unemployment with strong protections that the Industrial Revolution and computers promised us would actually be a good thing.