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Capital being money, the flow of which is managed by Fed policy and laws. So, yeah, calculated from the top. Handed to those closest to the tap. Look into our

Capital being money, the flow of which is managed by Fed policy and laws. So, yeah, calculated from the top. Handed to those closest to the tap. Look into our transfer payment system, our system of political budgets, and apportionment. Before it gets to workers, how money is carved up is very much monitored and managed. Just because one is ignorant of how the system functions does not mean there is a free market.

mindslight 5y ago
So disappointingly predictable that you're being downvoted. It is difficult to get a man to understand something when his salary depends upon his not understanding it, and all that. If interest rates were up at 8%, there would be a lot fewer bets of the type of "litter the sidewalk with scooters and hope some money falls into them". The entirety of Surveillance Valley is basically a play to parlay overabundant monetary capital of the present into surveillance capital of the future. The "continual growth" mindset was only worthwhile when it produced productive investment. The mass malinvestment we see today indicates that it has gone way too far. If you care about sustainability and global warming, you should be concerned with monetary policy - it's the main lever controlling the amount of production/consumption. Furthermore, higher interest rates would allow technological deflation to actually occur, making it so the surpluses of technology get widely distributed in the form of lower prices. As it stands right now, the feedback cycle from the mandate of "full employment" guarantees that everyone on average will need to keep working the same amount, making technological gains accrue centrally to where new money is created.
- kktkti9 5y ago
  Pseudoscientific is the default state of the mind. Propaganda research became behavioral economics, advertising, marketing, and various psychology programs, but surely that’s not been used socially to titillate biology and insert desired talking points in that excited state from childhood forward. It can’t simply be we were easily mesmerized by what are really banal statistics extrapolated from speculating on the movement of political scrip in an era of imperialism that’s now faded. Humans have never succumb to nonsense group think before! Believing one has transcended their biology is not limited to kooks who think they can live on light alone.
  - kktkti9 5y ago
    By “It can’t simply be…” I mean economic theory as a basis for accepted political norm. Which form of meta-analysis we use to normalize against politically isn’t up for debate in the market of free ideas and information exchange.

mindslight 5y ago

So disappointingly predictable that you're being downvoted. It is difficult to get a man to understand something when his salary depends upon his not understanding it, and all that. If interest rates were up at 8%, there would be a lot fewer bets of the type of "litter the sidewalk with scooters and hope some money falls into them". The entirety of Surveillance Valley is basically a play to parlay overabundant monetary capital of the present into surveillance capital of the future. The "continual growth" mindset was only worthwhile when it produced productive investment. The mass malinvestment we see today indicates that it has gone way too far. If you care about sustainability and global warming, you should be concerned with monetary policy - it's the main lever controlling the amount of production/consumption. Furthermore, higher interest rates would allow technological deflation to actually occur, making it so the surpluses of technology get widely distributed in the form of lower prices. As it stands right now, the feedback cycle from the mandate of "full employment" guarantees that everyone on average will need to keep working the same amount, making technological gains accrue centrally to where new money is created.

kktkti9 5y ago
Pseudoscientific is the default state of the mind. Propaganda research became behavioral economics, advertising, marketing, and various psychology programs, but surely that’s not been used socially to titillate biology and insert desired talking points in that excited state from childhood forward. It can’t simply be we were easily mesmerized by what are really banal statistics extrapolated from speculating on the movement of political scrip in an era of imperialism that’s now faded. Humans have never succumb to nonsense group think before! Believing one has transcended their biology is not limited to kooks who think they can live on light alone.
- kktkti9 5y ago
  By “It can’t simply be…” I mean economic theory as a basis for accepted political norm. Which form of meta-analysis we use to normalize against politically isn’t up for debate in the market of free ideas and information exchange.