4 ms·

Dear lord, we should be thanking the gods that libertarian techbros are not running the economy.

by 0xDEF 3y ago

Melting_Harps 3y ago
> Dear lord, we should be thanking the gods that libertarian techbros are not running the economy. Last I remember they were though, all the VC money (things that keep the US relevant outside of military) were in the hands of a few who have been techo-bro'ing it up with scams like NFT and AI (via LLMs) as the next big savior of the economy. When in reality this comes down to a very simple distortion of monetary policy that as someone said has never really equated to more than Ivy league Astronomy and tea leaf reading by way of the Federal Reserve; who have admitted they do not know how to solve this at all. Which if you see is clear as they are raising interest rates when the debt to GDP ratio has been over 100% even before COVID, which means we can never pay it off. Lastly, I want this to happen now; you people have lived so far outside of reality that unless this starts to affect you directly you will never consider an alternative: not only are fiat monetary systems doomed, but unless we get serious about building an exit from this we might have to deal with not just climate change, and warfare all at the same time, but if left to the nation-state model we are currently on, a Global ruinous monetary system in a multi-polar World where the quality of Life is so bad that people's desperation gets to levels only seen in sub-Sahara Africa or the Middle East. That is a volatile mix that in theory we have never really diverted from since 2008. If tech workers here proudly boast here about only really doing like 10 hours of actual work, and browsing HN all day than I should hope that by now you realize why that was a fool's errand and apply your efforts accordingly as this cannot be solved otherwise. This isn't about being a 'doomer,' hell I wish I was wrong about all of this but including the war in Ukraine I'm going on 5 of 5 predictions so far. My last one is based on the notion that if you are a millennial or younger all you've been exposed to is this perpetual grift and they wonder why the life expectancy has fallen, along with quality of Life and the biggest cause of death in the US for this age group is now overdose from Fentanyl. If the goal was to see a drastic drop in population like in Japan's post bubble economy than mission accomplished, but if it was to some how finding a way to motivate people to become multi-planetary or some other lofty goal, most couldn't care less because they see everything from the lens of 'we will just fuck things up there like we did here.' And that is what I'm seeing from Gen Z, they are so apathetic and perhaps rightly so, that I don't know what will get them motivated until it's too late.

Dear lord, we should be thanking the gods that libertarian techbros are not running the economy.

by 0xDEF 3y ago

Dear lord, we should be thanking the gods that libertarian techbros are not running the economy.

> Dear lord, we should be thanking the gods that libertarian techbros are not running the economy. Last I remember they were though, all the VC money (things that keep the US relevant outside of military) were in the hands of a few who have been techo-bro'ing it up with scams like NFT and AI (via LLMs) as the next big savior of the economy. When in reality this comes down to a very simple distortion of monetary policy that as someone said has never really equated to more than Ivy league Astronomy and tea leaf reading by way of the Federal Reserve; who have admitted they do not know how to solve this at all. Which if you see is clear as they are raising interest rates when the debt to GDP ratio has been over 100% even before COVID, which means we can never pay it off. Lastly, I want this to happen now; you people have lived so far outside of reality that unless this starts to affect you directly you will never consider an alternative: not only are fiat monetary systems doomed, but unless we get serious about building an exit from this we might have to deal with not just climate change, and warfare all at the same time, but if left to the nation-state model we are currently on, a Global ruinous monetary system in a multi-polar World where the quality of Life is so bad that people's desperation gets to levels only seen in sub-Sahara Africa or the Middle East. That is a volatile mix that in theory we have never really diverted from since 2008. If tech workers here proudly boast here about only really doing like 10 hours of actual work, and browsing HN all day than I should hope that by now you realize why that was a fool's errand and apply your efforts accordingly as this cannot be solved otherwise. This isn't about being a 'doomer,' hell I wish I was wrong about all of this but including the war in Ukraine I'm going on 5 of 5 predictions so far. My last one is based on the notion that if you are a millennial or younger all you've been exposed to is this perpetual grift and they wonder why the life expectancy has fallen, along with quality of Life and the biggest cause of death in the US for this age group is now overdose from Fentanyl. If the goal was to see a drastic drop in population like in Japan's post bubble economy than mission accomplished, but if it was to some how finding a way to motivate people to become multi-planetary or some other lofty goal, most couldn't care less because they see everything from the lens of 'we will just fuck things up there like we did here.' And that is what I'm seeing from Gen Z, they are so apathetic and perhaps rightly so, that I don't know what will get them motivated until it's too late.