@ianb you don't need a degree in economics. You barely need a YouTube channel. The economy would utterly collapse. Money supply, money velocity, it would be worse than '29
@quinn@ianb It's like marca has never heard of deflation, or of the need for demand to kinda-sorta balance supply in the market, or for (hint) consumers to be able to pay for goods, or even the possibility of starving to death surrounded by plenty in the absence of liquidity …
@cstross@quinn By complete coincidence yesterday I came across the interview which David Hudson did with Louis Rosetto, and it’s very easy to see where the ideology of Andreessen et al came from. Here's part two, when LR is really going off the leash about politics:
@cstross@quinn@ianb actually capitalism in the absence of constraint basically always devolves into feudalism because in the absence of an existing government one will eventually form even if it refuses to call itself one
As to where effectiveness lies, the Just Stop Oil approach is a kind of “those guys are fucking stupid” strategy and overwhelmingly, because of the asymmetries, the societal response is “*you* guys are fucking stupid”.
@urlyman Just to put on the record that I absolutely love this: “But in highly stratified (unequal) societies the sense of what is possible for us to do, and what is sustainable for us to keep doing, is confoundingly diverse. “
@NatureMC@timnitGebru@emilymbender So here's the thing. I agree (and I love that analysis, and both Timnit and Emily's work). But I think trying to analyse and argue about the seriousness of their ideology is much less effective in today's world than simply saying “no really, those guys are fucking stupid". They would much rather we engage with their ideas seriously than simply mock them.
It's not "idiocy", it's ice-cold inhumane purpose, intention, and propaganda. I recommend @timnitGebru and @emilymbender for more infos about these ideologies.
@ianb 1/3 I understand your point of view very well, yes, one can see it that way. My background is perhaps formative: I worked for many years with eyewitnesses of the resistance in the Third Reich and as a political journalist on the neo-Nazi scene in Germany in the 1980s. What I learnt: right-wing extremists want to eradicate knowledge and criticism. They are happy when we simply shrug them off. Even if it is uncomfortable and hard, we need clear-sighted analyses and fact checks in times like