Spot on analysis. 55.7% of Americans are functionally illiterate beyond the fifth grade. That needs to be fixed and private schools getting tax dollars isn’t the answer. It’s more of the same predatory practices you mention.
What fascinates me about this century's extractive capitalism model is that, after stripping as much value as possible from producers, they are taking a similar approach to the consumer side of the equation. There seems to be a movement to examine things people are willing to pay for and find ways to make them pay more - a pizza delivered used to be a couple bucks extra, but now you order through a third-party service and it's 30% more. A subscription streaming service offers subscriptions within the subscription. Bill.com is my favorite: when companies started outsourcing accounts payable, it took a few extra days but you could get it expedited for a 1% fee. Now it takes 30 extra days, or a 3% fee.
When capitalism takes but doesn't give value to customers, how long can the system survive?
Spot on analysis. 55.7% of Americans are functionally illiterate beyond the fifth grade. That needs to be fixed and private schools getting tax dollars isn’t the answer. It’s more of the same predatory practices you mention.
What fascinates me about this century's extractive capitalism model is that, after stripping as much value as possible from producers, they are taking a similar approach to the consumer side of the equation. There seems to be a movement to examine things people are willing to pay for and find ways to make them pay more - a pizza delivered used to be a couple bucks extra, but now you order through a third-party service and it's 30% more. A subscription streaming service offers subscriptions within the subscription. Bill.com is my favorite: when companies started outsourcing accounts payable, it took a few extra days but you could get it expedited for a 1% fee. Now it takes 30 extra days, or a 3% fee.
When capitalism takes but doesn't give value to customers, how long can the system survive?