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Breaking News
posted by takyon on Sunday June 12 2016, @06:00PM   Printer-friendly

A suspected Islamic terrorist opened fire at a gay nightclub in Florida, killing 50 people and wounding another 53 before he was killed by police. While authorities continue to investigate to determine whether this man had ties to ISIS, the terror organization has not been quiet in praising the attack. This comes three days after ISIS announced they would attack somewhere in Florida. Today's attack marks the largest act of terrorism on US soil since 9/11.

takyon: The gunman reportedly called 911 emergency services to pledge allegiance to ISIS. The President will hold a briefing momentarily. Compare this article to the original submission.


Original Submission   Late submission by physicsmajor

 
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  • (Score: 0) by Anonymous Coward on Monday June 13 2016, @12:42PM

    by Anonymous Coward on Monday June 13 2016, @12:42PM (#359335)

    And here we go...

    If significant wealth isn't concentrated in the hands of a relative few, most of the comforts you take for granted today do not exist

    Is that specific to wealth or how markets are set up? I mean you could have mentioned Pareto distribution as being fairly consistent across different economies, that some people are skilled in building wealth, but that is an effect and not a condition, and the corollary is that absolutely NOTHING takes places without work. Your pile of gold doesn't magically turn into a house, but labor is free to act in the absence of capital.

    Nothing that takes a large initial investment ever happens unless

    Their Patreon sounds good? People form a co-op? Payment is offered as shares in lieu of wages?

    There are multitudes of ways of organizing markets that don't rely on having piles of money lying around.

    Even Hayek understood that coordination was key. That is capital, labor, and need all have to occupy the same space-time. The genius is bringing those elements together, not the elements themselves.

  • (Score: 2) by The Mighty Buzzard on Monday June 13 2016, @07:31PM

    There are multitudes of ways of organizing markets that don't rely on having piles of money lying around.

    Not for anything that requires significant up-front capital there aren't. Try and design and produce a prototype of a new car if you doubt it. Must be street legal in all fifty states. Not everything can be beg-sourced.

    --
    My rights don't end where your fear begins.
    • (Score: 0) by Anonymous Coward on Monday June 13 2016, @07:56PM

      by Anonymous Coward on Monday June 13 2016, @07:56PM (#359564)

      There are multitudes of ways of organizing markets that don't rely on having piles of money lying around.

      Not for anything that requires significant up-front capital there aren't.

      Ah, tautology. Good for you.

      Prior to capitalism being mistaken for markets, sailing voyages were frequently paid through shares. Were talking equivalent to multi-million dollar endeavors that got started with little seed money and a promissory IOU after the fact.

      It's called market innovation. In the face of not enough money, the work still needs to get done.