Honestly it’s a coincidence, I didn’t think it that thoroughly :p

TMTG said in December that it is merging with the American company TAE, which is developing nuclear fusion technology.

From crypto scams to nuclear fusion; what can go wrong?

Anything’s possible when you make stuff up!

My toaster costs 30€ and has the following features:

• Toasts bread

Yeah, the machines that they smashed had been in use in England for 2 centuries at that point. It’s very unlikely that they just decided to rebel against this 2 century old “new technology” because they were some primitive brutes as they are depicted. History is written by the victors, and in this case capitalists were successful in tarnishing their reputation for centuries.

Kind of. The irony is that it’s AI-generated

Dunno what you’re trying to prove here, apart from “removing an outlier from the data makes the data closer to the average”, which is pretty obvious.

But you can clearly see that the graph shows Europe, not EU, so using your same calculation with the population of Europe, which is 745 million and excluding France, the result is 1.13.

Also I don’t see any indication that OurWorldInData is using an average of countries (which would be stupid). Considering their jobs are statistics, they probably know how to aggregate per population, aka a weighted average.

I don’t have access to the source data since you need to register, but I would assume that OurWorldInData knows to aggregate Europe per population, and not just average the values per country. France is not the only outlier, there’s also Norway and probably some others I haven’t seen

I see that some people try to attribute this to older population and/or Alzheimer, but even by those metrics the countries above are pretty close and wouldn’t justify such a big gap:

As for the reliability of data, it’s from a peer reviewed study by an American university. If they had a way to make the China data look worse, I’m sure they wouldn’t hesitate.

I’ve been giving Spain too much credit lately, but I forgot that this shit is still legal. Barbaric traditions from the past should stay in the past.

“But you see, they told me it’s for democracy and freedom!”

Stock markets go up, but most of that wealth is transferred to capitalists:

https://yourfairshare.info/dataviz_market_gains

Railways were a thing when communism was developing during Marx’s times and Lenin wrote extensively about railways. Their analysis is still very valid, and if anything, planning has become more feasible than 100 years ago thanks to computers. There are some modern proposals, but they are still very much based on socialism, since capitalism can only lead us to ruin.

each employee provides $2.3 million worth of value

Market cap is just the value at which shares are sold on the market, not necessarily the actual value of the company. It implies a lot speculation for investors on how much they expect to gain from the ownership. The company equity/net worth is a more accurate indicator. What you’re calculating is the accumulated value in time, not yearly.

If you want the ratio of generated value to wages paid, it’s hard to accurately calculate with just public data, but you can approximate it so: in a given year, take the operating income and divide it by the number of employees. Operating income accounts for overhead expenses like SG&A (Sales General & Admin), which includes things that you can argue are useless (like wages for execs, middle management, and sales), but they also include admin costs like office rents, etc. Then you also have to find the average/median wage of a worker at the company, so the total is:

yearly value created by a worker = (operating income / n. of workers) + median wage

You can also do a quick calculation using this tool: https://yourfairshare.info/

It’s interesting to note how in all of these top companies, for every 1$ paid to workers, another ~1$ is transferred to capitalists through dividends and buybacks.

Here’s a site that calculates basically how much you’re being exploited in a company. It’s mostly for American stock exchanges, but if you can find the financial reports of your company you can apply the same method (it’s nicely described).

https://yourfairshare.info/

The top comment doesn’t really work, because even if workers pooled the money together, shareholders or execs might refuse to sell their shares if they are expecting it to grow and pay them out more in the future. Buying up companies to turn into coops doesn’t work (except for failing/bankrupt companies), because it takes capital to do that, which workers don’t have by definition.

No treats, just scratches

Nope. Completely free in the Irish wilderness.

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