@lilithsaintcrow@cstross energy companies are definitely getting a big chunk + Nvidia shareholders got a big chunk + the chip factory owners are getting a big chunk. So a lot of that money is definitely going abroad: I think Taiwan & China build the majority of the hardware; it's increasing the demand for oil & gas, so oil & gas producers worldwide as well as wherever the data centers are. Some of it goes into the SF Bay Area economy for sure in employee & manager salaries - but a lot of that is also going into index funds etc. Overall it's going into destroying the climate, increasing inequality and escalating political corruption.
there's misinformation - incorrect information and disinformation - intentionally incorrect and intended to distort the conversation & application of knowledge and I think we should apply the same phrasing for organization. Misorganization - messy, not usefully organized and Disorganization - an organizational system intended to decrease access to whatever is being organized.
ADHD homes - misorganized the tax code - disorganized
@feld@FluentInFinance@sun I disagree - as we're seeing previous climactically stable areas increasingly impacted by new threats a place safe from flooding might be in more danger from tornadoes and wildfires etc. Svalbard Seed Bank was thought to be the safest place for a thousand years and just a few decades later we see it in jeopardy. The data centers value depends on much of the same infrastructure as the long distance wired electrical grid. Etc.
@feld@FluentInFinance@sun right and my point is that the more rapidly climate change advances the less we'll be able to determine what will be safe enough to give reliable returns for large long-term projects.
@feld@FluentInFinance@sun oh I fully agree. I just am not sure that getting passive returns from financial markets is going to be possible in the harder world of climate change we seem to be headed toward. If most people have to struggle even more for the basics, where's the return going to come from? It seems like it would require increased authoritarian enforcement that's (hopefully/probably) not scalable.
Like the world doesn't have to be zero sum, but investing in oil & gas & industrial ag lowers the total output of basic human need filling goods from the system. If we have to put more money/energy into needs filling, the available human resources for providing rents/passive returns is lowered. So they're kind of self-defeating
@feld@FluentInFinance@sun right but the CapEx projects have the same problems as housing - climate disasters. If we can get to zero emissions relatively quickly that might be doable, but that seems to be dependent on such significant economic changes that it would make this conversation irrelevant.
@sun@feld@FluentInFinance help people! Esp. young people. Help someone become a nurse, a construction worker, a childcare worker, an electrician, a solar installer, a home health aid, a disaster remediation expert. Help neighbors & help stop displacement - we need to see the changes to make good choices. Invest in ADUs & local grocers & bike shops & anything that contributes to sustainable neighborhoods - local jobs, local people, local connections. Repair shops & quality second hand stores. We need more buses & shuttles particularly from cities to places like campgrounds and parks and such during appropriate seasons and holidays(also in other local contexts but you'd have to do the research). Intimate connections with nature like hunting, fishing, CSAs, CSFs, farmstands, and farmers markets. Co-op and worker owned businesses. Community land trusts.
The modern financial market is inextricably tied up in mortgages based on housing that will lose value as the climate changes. The more the climate changes, the less trustworthy the financial markets are.
We're in for decades of 2008-2010 markets as the suburbs and exurbs become uninsurable while they also suffer more frequent disasters.
Don't depend on the conditions and climate of the past or take the suggestions that create the problem. Learn something useful for our changing climate, you'll always be able to get paid.
@AnarchoNinaWrites yes, and also this is why I sometimes reply to people who don't particularly seem open to discussion. My mom drives every day and believes that is fine; when seeing a dude yelling at me about 'crosswalks near schools are the problem and kids shouldn't be allowed to walk to school without adult supervision' she begins to understand that there's a problematic portion of drivers she doesn't encounter as a driver. I don't need strawmen there's real trollmen willing to argue it - and usually the argument comes back to eugenics.
@Adam_Cadmon1 A new book called "You Are What You Watch" recently came out, I haven't read it yet, but the author made a convincing argument (on a podcast I listened to) that our public impression of crime rates is more based on the number of cop shows than actual criminal statistics. @passenger
@Mabande@noodlemaz it's not increasing risks - cars are the sources of danger on our roads. Every person on a bike instead of in a car makes the roads safer. It does change the risk - it doesn't increase it.
@Mabande@noodlemaz right but there isn't just one kind of risk and there's no guarantee of low speed 1) there's also the time spent outside of the vehicle - delivery workers are often double parking which means more than double the exposure to getting hit by other faster cars while loading and unloading 2) the definite mileage increase/damages to the car and financial risk of an accident or crime - if you total your car while doing gig-work that's way worse than losing a bike. The cost itself, then the increase in insurance for a long time if they're still driving - the gig can easily cost more than you made. 3) the risk of injuring or killing another person, going to jail etc. Nearly impossible on a bike, totally possible in a car, even higher risk for the immigrant and minority populations who are often delivery gig-workers.