#grace blakeley

[hotnonsense99]

A bitch just read about Boeing for the first time in more detail than "They cut corners and killed a whistleblower," which, you know, was Bad Enough.

A bitch thought they "saved money" in the wrong materials or ignored bad test results. Which, you know, was Bad Enough.

Apparently, they ACTIVELY caused the crashes?! Because they wanted to save money per passenger per trip so they made the engine larger but then the engine couldn't fit in it's regular place anymore and they had to move it and then the new engine placement kept causing the nose of the plane to pull up and then the angle of the pulled up nose would interact with the wings and pull the nose up further and so they added a software that would pull the nose down when the wings registered that kind of change. So far so good.

Except because buyers didn't want to retrain their pilots, they made that software

a) Stupid (only interacting with one sensor rather than multiple so it couldn't get in confusion over multiple different results which would require human intervention) and

b) IMPOSSIBLE TO OVERRIDE?!

Like, if the One Singular Sensor the software accessed sensed trouble, the plane would just go into Nosedive Mode and the crew could do Fuckall about it?! And exctly that is what happened.

Is this Common Knowledge? I know I tend to err on the more ignorant side of things. Like, do people know it wasn't that something broke or malfunctioned, but it was By Design?

And then they tried to claim the crew (which had Died, by the way) did it wrong?!

You can't tell me an override would have required that much extra training. Just a quick screen of

"Hey, it's your wing sensor thingy here, spotting a bit of trouble, just checking, do you want me to Kill Us All?

YES

> NO

MAYBE

SURPRISE ME"

What the fuck.

[spookyanchorlover]

The problems created by capitalism seem so deeply intractable that responding to them feels like a lost cause. Yet it is precisely this sense of powerlessness that underpins the stability of the status quo. The powerful have a vested interest in making us believe the world is the way it is because it could not be any different—that any other way of organizing the world would require us to sacrifice the basic freedoms we all rightly hold so dear.

Vulture Capitalism - Grace Blakeley

[spookyanchorlover]

The belief that human nature is inherently selfish is, as Hobbes was well aware, the best justification for the exercise of authority by the ruling class. If human beings are so badly behaved when left to our own devices then, like children, we need to be subjected to authority; we need to be governed; we need to be ruled. The stability of capitalism relies on obedience whether to bosses, bureaucrats, or the police.

Vulture Capitalism - Grace Blakeley

[dipnotski]

Grace Blakeley – Vahşi Kapitalizm (2025)

Grace Blakeley, ‘Vahşi Kapitalizm’ adlı kitabında, kapitalizmin günümüzde nasıl çürümüş bir sisteme dönüştüğünü sistematik biçimde ortaya koyuyor. Yazar, küresel düzeyde şirketlerin sadece ekonomik değil, aynı zamanda siyasi gücü de nasıl ele geçirdiğini tarihsel ve güncel örneklerle açıklıyor. Kitapta özellikle 2008 krizi sonrasında şirketlerin kurtarılma biçimleri, kamu kaynaklarının özel…

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[marxistfurry]

We need to replace Late Stage Capitalism

The video titled "How Capitalism Makes You LESS Free | Grace Blakeley Meets Aaron Bastani" explores the dynamics of capitalism, focusing on its contradictions regarding freedom, planning, and power. Economist and author Grace Blakeley discusses themes from her book Vulture Capitalism, offering a critique of free-market ideologies and examining the interplay between public and private power.

How Capitalism Makes You LESS Free | Grace Blakeley Meets Aaron Bastani - YouTube

Key Points Discussed:

Central Thesis: Capitalism as Planned Economy Blakeley challenges the dichotomy between free-market capitalism and centrally planned socialism, arguing that capitalism itself relies heavily on centralized planning through corporations, financial institutions, and the state. Despite being marketed as a system of freedom, capitalism often imposes decisions on individuals without democratic accountability

Monopolies and Corporate Power The discussion highlights how monopolistic corporations like Boeing undermine market discipline. Blakeley uses Boeing as an example to illustrate how corporate failures are often bailed out by the state, revealing a "toxic fusion" of public and private power that serves elite interests rather than competitive market principles

Historical Context: Henry Ford Blakeley examines Henry Ford's authoritarian control over workers and his imperial ambitions, such as creating a rubber plantation in Brazil. She traces the evolution of planning within capitalism from Ford's era to the post-war corporatist model, where labor unions gained influence, and finally to neoliberalism, which disempowered workers and concentrated planning power back with capitalists

Neoliberalism's Impact The video critiques neoliberalism for framing itself as a movement toward free markets while actually consolidating decision-making among capitalists and their allies in the state. This shift excluded workers from influencing economic decisions, further entrenching inequalities of power

Innovation Myths and Worker Hierarchies Blakeley discusses myths surrounding innovation under capitalism, emphasizing how hierarchical corporate structures often stifle worker autonomy and creativity. She argues that these systems prioritize shareholder value over broader societal benefits

Building Democratic Alternatives Toward the end, Blakeley explores ways to create a more democratic society by addressing systemic inequalities embedded in capitalist structures. She emphasizes collective organization and worker empowerment as potential solutions to challenge entrenched corporate power

Conclusion:

The video critically examines capitalism's promises of freedom versus its reality of centralized control and inequality. Through historical examples like Boeing and Ford, Blakeley argues that capitalism's reliance on planning contradicts its ideological claims of decentralization and market efficiency. She calls for rethinking economic systems to prioritize democracy and collective agency over corporate dominance

Also https://www.youtube.com/watch?v=CLPGrdRid7Y

[eelhound]

"[Michael] McCarthy proposes a new vision of economic democracy, based on the ancient Athenian model. He proposes the establishment of new financial institutions governed by 'minipublics' ... that would be charged with determining how the resources of their town, region, or nation should be invested.

The minipublics that would govern these new financial institutions would be chosen through a process of sortition, through which members are selected at random to ensure broad social representation. McCarthy writes:

These new democratized financial institutions, at every scale, should be built on a dialogic process of deliberation that not only [identifies] socially and ecologically desirable ways to allocate investment and credit but also [helps] to articular a common working-class political culture and identity, while at the same time giving a platform to the particular needs, grievances, and concerns of subsections of the demos.

He argues that choosing assemblies through sortition is the 'most feasible and desirable way to bring working people into meaningful political deliberation and decision making.' He draws on examples from around the world to make his case. Ireland’s citizens’ assemblies helped to create consensus on controversial issues such as abortion and same-sex marriage. In Bogotá, Colombia, the Itinerant Citizen Assembly was set up to develop collective recommendations to the city council on issues such as urban planning. The government of Ostbelgien, Belgium, has set up a permanent citizens’ council to survey public opinion and develop policy proposals.

McCarthy argues that this model could be scaled up to create a tiered network of institutions governed by democratic bodies that would make decisions around investment. For example, a community-based public bank governed by a minipublic of local citizens might decide to invest in affordable housing, community parks and gardens, or community energy companies. At the national level, a public investment bank governed by a representative panel of citizens might decide to direct investment toward renewable energy or improving public transport infrastructure."

- Grace Blakeley, from "For a Democratic Society, Democratize Finance." Jacobin, 3 March 2025.

[ronnydeschepper]

De peperbus van nonkel Miele (72): aasgierkapitalisme

Grace Blakeley is de jonge Engelse auteur van het boek “Vulture capitalism”, wat we zouden kunnen vertalen als “Aasgierkapitalisme”. Ze schreef een helder en sterk gedocumenteerd boek over de misdaden van het huidig economisch systeem. Ze stelt dat de meeste ideeën die ze bespreekt niet nieuw zijn. Nieuw is dat ze als jonkie (31) komaf wil maken met de keynesiaanse-hayekiaanse verdeeldheid die…

De peperbus van nonkel Miele (72): aasgierkapitalisme

[capitalism-is-parasitism]