mempko

27 ms·

511.
by mempko 3y ago
Yes, Read the Dawn of Everything by David Graeber and David Wengrow.
512.
by mempko 3y ago
Inflation is not a natural law. Business leaders make a decision to raise prices. Prices don't automatically go up. If you say 'but that's what the market bears', then I will ask, when was the last time you really intera
513.
by mempko 3y ago
I disagree the the author's assertion about Graeber's becoming less radical. By deconstructing the concept of the state and showing that you don't need any form of 'state' to create advanced societies is radical. Da
514.
by mempko 3y ago
Same! The website looks the same. I'm surprised it's still up.
515.
by mempko 3y ago
I learned programming as a child using basic because I wanted to make games like super mario. My first game was a pick your own adventure novel. Just text. My second game was an RPG, all ascii. I eventually build a 3D engine in basic (yeah,
516.
by mempko 3y ago
What do you mean by 'organic market forces'? All interest rates are decided on, from what we have now to 0%. All markets are designed, with rules, regulations, and tax laws. Markets are a technology, they don't come from natu
517.
by mempko 3y ago
Steve Jobs also refused modern medicine initially and eventually cost him his life. Maybe being good at business by taking drugs for creativity is not a great feature of the business world. I guess business people lack natural creativity so
518.
by mempko 3y ago
What was the reason before 1960s, when this idea of shareholder value, for companies to exist?
519.
by mempko 3y ago
To add to what you said, fractional reserve banking is really not a think. Many countries don't have any fractional requirements and in some it only applies to certain kinds of loans.
520.
by mempko 3y ago
No, banks don't take deposits and invest that money. Banks don't loan out deposits. The opposite is true, loans create deposits. Banks make money off the spread in the interest of their loans to deposits (which are usually zero or
521.
by mempko 3y ago
They are 'less wrong' in the sense that you can't tell if they are right.
522.
by mempko 3y ago
This! I set up everyone in my family with Firefox because of sync that just works. I prefer reading content, especially PDFs, on my computer over my phone. One useful feature Firefox has is the ability to just send a tab to a device. When I
523.
by mempko 3y ago
The article is about poor countries and their sovereign debt denominated in dollars. That's the debt that needs to be cancelled. In my opinion, all private debt would be good to cancel too. I'm not suggesting the treasury doesn&#x
524.
by mempko 3y ago
Strange, history is littered with debt cancellations and yet here we are. A debt jubilee is like hitting the reset button. The modern financial system will still create debt as it must!
525.
by mempko 3y ago
If you had read David Graeber's book on debt, you would have known that he literally suggests the same thing, to cancel debts. A debt jubilee.
526.
by mempko 3y ago
This is not the takeaway I got. The takeaway I got was the review process improved the paper and made it more rigorous. How is that a bad thing? But yes, sometimes reviewers are focusing on different issues instead of 'is this going to
527.
by mempko 3y ago
It's easy to solve the debt crisis. Just cancel the debts. The issue these countries have is they lost their sovereignty by getting into debt in a currency they don't control. Going into debt in a foreign currency means you lose s
528.
by mempko 3y ago
Obligatory link to Melody Sheep's version of the speech. https://www.youtube.com/watch?v=ouzKl0oD6sU Arguably the best version.
529.
by mempko 3y ago
You do realize that governments created both markets and capitalism right? Markets are older than capitalism and have been tools for governments to provision themselves. In fact, anthropologists couldn't find a society that voluntarily
530.
by mempko 3y ago
Have you talked to actual capitalists? Like, people who actually own capital? They don't want handouts to their competitors, but want them for themselves. If you own a business, of course you want government subsidies. But wait, you ar
531.
by mempko 3y ago
Yes, the malthusian growth model assumes resources grow linearly while population is exponential. This model is obviously wrong since we are using up resources exponentially.
532.
by mempko 3y ago
Since we aren't able to export our pollution out into space, or mine food on mars, yes, we live in a closed system. We live on a round spaceship known as Spaceship Earth ( https://en.wikipedia.org/wiki/Spaceship_Ear
533.
by mempko 3y ago
You are right but for the wrong reason. This is why measures like GDP are just silly. Because you can have most of the population starving, while posting economic growth. The LtG is measuring growth as resource use. So you are comparing app
534.
by mempko 3y ago
This is a call to action from the Club of Rome. The Club of Rome published the original Limits to Growth. Limits to Growth was a dynamic systems model which showed that collapse will happen as we hit physical limits of the planet. There has
535.
Operation Cat Drop(en.wikipedia.org)
9 points by mempko 3y ago|1 comments
536.
by mempko 3y ago
Economy and energy availability are highly correlated. It could be that any system, under abundant energy, would grow. You have to demonstrate that capitalism grows better than others under restrictive conditions, which I haven't seen
537.
by mempko 3y ago
Being financially literate means being able to understand how the financial system works. Larry Summers thinks operate as intermediaries lending out deposits. This is very wrong. He is not financially literate. He is an economist.
538.
by mempko 3y ago
Larry Summers is not financially literate.
539.
by mempko 3y ago
Yes, by untouched I mean people aren't living there. So you can't blame build out and direct pollution. But yes those places haven't escaped pollution like CO2 and microplastics. Extreme heat is now happening for longer perio
540.
Eden [video](youtube.com)
1 points by mempko 3y ago|0 comments

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