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Whenever I see similar articles I get reminded that all these are worthless paperless money, exchanging hands and playing a game. Futures, options, securities (

Whenever I see similar articles I get reminded that all these are worthless paperless money, exchanging hands and playing a game. Futures, options, securities (and all the rest financial jargon) proves that there is a very big economic game at play in a global scale. No wonder the whole planet owes some trillions (to whom?) :-) There is no need for scientists to prove we’re living inside a simulation, this whole global turn based strategy financial game, affecting our lives, is the proof that someone is having a laugh at/with us ;-)

urbandw311er 2y ago
I take a different view. These moments when the mask briefly slips are a chance to remember that we are controlled by a greedy elite and only given the illusion of choice and prosperity.
- olelele 2y ago
  The amount of people in the startup world infected by the American Dream-Logic of privatization and Anarcho-capitalism always astounds me. All I know and have in my life is thanks to public funding. Social Democracy works and is good for business too. A state with little financial regulation in the end also has less power and control sum total. Since the southern US basically survives off slave laborers with no paperwork and giving any normal human decency to those people would probably lower the Murican standard of living I have low hopes for change. Here in the EU we screwed ourselves too haha. No one really looks out for the little guy anymore.
  - tirant 2y ago
    That is actually incorrect. What you call public funding has been before produced by private individuals or private companies. The State barely generates any money itself. And when it does in large amounts by printing new money it’s actually analog to extorting money to everyone else in the society by impoverishing them via inflation. There is a common believe that humans would never be generous, altruistic without a State forcing them. And that’s actually quite the opposite. Humankind would have never made it if that was the case. You can observe it clearly still in lots of societies populating earth, specially the poorest ones without public services. It’s actually the unconditional access to public services that has incentivized the individuality of our society nowadays. If I’m already supported by the State why should I make any effort towards my society? In the past without public services, interaction with your local community was a must. But it’s also a problem as a donor or supporter: how can I support or donate to any cause if the State is already taxing 50% of my wealth and I have barely any money to buy a house?
  - Ylpertnodi 2y ago
    >Here in the EU we screwed ourselves too haha. Eu-person: how? (Pleas stay relevant to your whole comment).
tirant 2y ago
Do you have medical insurance ? Or car insurance? I guess you and I guess you find them useful. All these worthless paperless money as you call it are precisely also instruments for companies and individuals to gain some economical stability during uncertain times by buying contracts and shifting the risk to someone else that has either more financial means or has worked to have a better view of future conditions. So as an example, your medical insurer and your car insurer know pretty well the odds of you needing either medical treatment or suffering some type of car accident. And because they also have the financial means to risk being wrong, they offer you an insurance, because in the aggregated number they are usually right in their predictions.
- udev4096 2y ago
  For fuck's sake, stop with the academic POV. Look at it practically, it's all just an overly complex system with no actual merit

urbandw311er 2y ago

I take a different view. These moments when the mask briefly slips are a chance to remember that we are controlled by a greedy elite and only given the illusion of choice and prosperity.

olelele 2y ago
The amount of people in the startup world infected by the American Dream-Logic of privatization and Anarcho-capitalism always astounds me. All I know and have in my life is thanks to public funding. Social Democracy works and is good for business too. A state with little financial regulation in the end also has less power and control sum total. Since the southern US basically survives off slave laborers with no paperwork and giving any normal human decency to those people would probably lower the Murican standard of living I have low hopes for change. Here in the EU we screwed ourselves too haha. No one really looks out for the little guy anymore.
- tirant 2y ago
  That is actually incorrect. What you call public funding has been before produced by private individuals or private companies. The State barely generates any money itself. And when it does in large amounts by printing new money it’s actually analog to extorting money to everyone else in the society by impoverishing them via inflation. There is a common believe that humans would never be generous, altruistic without a State forcing them. And that’s actually quite the opposite. Humankind would have never made it if that was the case. You can observe it clearly still in lots of societies populating earth, specially the poorest ones without public services. It’s actually the unconditional access to public services that has incentivized the individuality of our society nowadays. If I’m already supported by the State why should I make any effort towards my society? In the past without public services, interaction with your local community was a must. But it’s also a problem as a donor or supporter: how can I support or donate to any cause if the State is already taxing 50% of my wealth and I have barely any money to buy a house?
- Ylpertnodi 2y ago
  >Here in the EU we screwed ourselves too haha. Eu-person: how? (Pleas stay relevant to your whole comment).

tirant 2y ago

Do you have medical insurance ? Or car insurance? I guess you and I guess you find them useful. All these worthless paperless money as you call it are precisely also instruments for companies and individuals to gain some economical stability during uncertain times by buying contracts and shifting the risk to someone else that has either more financial means or has worked to have a better view of future conditions. So as an example, your medical insurer and your car insurer know pretty well the odds of you needing either medical treatment or suffering some type of car accident. And because they also have the financial means to risk being wrong, they offer you an insurance, because in the aggregated number they are usually right in their predictions.

udev4096 2y ago
For fuck's sake, stop with the academic POV. Look at it practically, it's all just an overly complex system with no actual merit