Capitalism

Capitalism should be optimized for inventiveness and not just efficiency
Blue Cross and Blue Shield began as nonprofits that insured all comers. But as big profit-seeking insurers targeted younger and healthier people, the Blues were left to insure the older and less healthy, which made it impossible for them to continue. They turned to making money. Now, private equity runs hospitals, into the ground.
Robert Reich • How private equity is destroying the labors of love
“We have to overcome some legal hurdles, but we could unionize musicians tomorrow,” DeFrancesco said. “SAG is like an alternate history for musicians. We’ve done all this before and won, just not within recent memory.”
Some musicians are in fact unionized. The American Federation of Musicians, with 80,000 members in the U.S. and Canada, collectively... See more
Some musicians are in fact unionized. The American Federation of Musicians, with 80,000 members in the U.S. and Canada, collectively... See more
August Brown • Musicians deal with stingy streamers and AI threats, too. So why aren't they on strike?

As a society, we are so fully invested in capitalism, competition and algorithms that it’s almost impossible to pull ourselves out of the cycle to see a bigger pattern, which is that we have entire economies built upon our misery.
The enshittification of dating apps
