Notices by GhostOnTheHalfShell (ghostonthehalfshell@masto.ai), page 6

@uspolitics

The correct solution to too much money, is to tax those hanging onto the majority of it, not higher interest. Interest rates simply redistribute existing sovereign money and apply inflation or austerity in the economy depending on ability to raise prices or not. Taxes are also necessary to cull money spending creates. This process incentivizes commerce (the core public value of money; the public function as a means of exchange) and proper tax structure does this effectively.

@economics-that-works
#economics #climatechange

Jul 3

State Farm, California's largest home insurance company (20% of the market) is in trouble. Extreme weather forces huge disaster payouts it cannot sustain, but this is true of insurance everywhere.

Insurance is central to property value, investment and lending. No insurance, no credit and no economy.

https://youtu.be/GaxdTI8aciM

@corbet
destroying the web, one little act of enshittification at a time.

@breadandcircuses @Npars01
@gerrymcgovern

Either YouTube or Nate Hagen's podcast, from 17 min mark to 35 min mark. See #NateHagens.

Let what's being said sink in. Tech bro/Military belief in AGI has given them Carte Blanc to obliterate everything to 'win'.

Military AI is capable of mass death. They are going to Owens Valley the world, because they've decided it's an AI arms race with one of them getting the ring.

#NateHagens #climatechange #infosec #ExtinctionRebellion

Deeply disturbing for anyone made of atoms from about 17 minutes to 35 min or hour mark.

I want to point out here, that *that* AGI or Super AGI is realistic or not is irrelevant. How people with power and money to act like it is, does.

Instead of nukes, we now have a plutocratic class that has convinced itself that planetary life is already forfeit.

https://www.youtube.com/watch?v=1NFuddEAi5s

podcast version:

https://www.thegreatsimplification.com/episode/132-daniel-schmachtenberger

@AnarchoNinaWrites

I've just listened to about the most depressing 15 minutes of topic in my life. Remember when nuclear war was the thing?

Like that, but likely because the arms race is being conducted by psychotic billionaires who have convinced themselves total annihilation of life is A-OK because it's going to happen anyway and have the power to pour billions into their madness.

See #NateHagens

@evan @dangillmor

Musk

https://finance.yahoo.com/news/why-elon-musk-dropped-stanford-185501512.html

@dangillmor

Both JD Vance and Musk are affiliated with Peter Thiel.

In particular, Vance is Thiel's henchman and has been since their Stanford days, where all three went to college.

Thiel and Musk are naturalized citizens and neither agree with democracy nor market based economies. They seek political and economic tyranny in despotic rule and monopoly, essentially a centralized command and control nation, which has long associated with the USSR.

Conservatism is a master stroke of lies.

@economics-that-works

#uspol #ukpol #eu #climatechange

If you find yourself in dispute with the economy and conservative ideas about it, arm yourself with heterodox economics.

Why? Because it repudiates their garbage explanations of economies, of national debt etc.

And it's really important, especially now, as all our lives are hurtling to economic disaster from climate change.

The very richest people in the world are destroying our home through their choices create.

@LeftistLawyer

The people pushing AI are adherents one of the most well known social systems, plutocracy

A form of social organization so cruel, so despotic and ultimately so dysfunctional that it collapses in poverty, terror and death. That’s the future they are forcing on us

One of its most malign leaders is Peter “technology is an alternative to politics” Thiel, on of the leading string pullers in Silicon Valley, with his fingers into Zuckerberg and Musk. They are Caligulas, would be gods

@GottaLaff

Right. So he’s going to stick his finger up his bum and not do the obvious thing?

Arrest the Koch Network. Deport Musk and Thiel for violating their naturalization oaths. Shut down Heritage, ALEC and Federalist Society.

Put anti-trust on hyperdrive.

Set term limits on SCOTUS and bump the number up to 13.

@HistoPol @economics-that-works

I think it’s fair to say Russia is a vassal state of China. Plenty energy and mineral resources, agricultural products.

The war in Ukraine is a double edged sword. It wrecks the EU (a customer of China), so not smart, but helps in a play to build its own power base in the global economy outside of the EU and US.

Climate change dramatically alters the value of that equation. Global supply chains in a volatile world are systemic weakness.

#climatechange #economy #extremeWeather

Jun 15

4 min

Seeking optimism in a somber year.

https://youtu.be/NHvv7kPRu9U

The world will remember Israel for this. Forever.

https://youtu.be/RCAXlj_g2TI

@StillIRise1963

fucking dirty sordid billionaires got their little cabal together to seize the means of government from a sovereign people. We should call it a coup.

https://m.youtube.com/watch?v=issmDdjBa5w

@economics-that-works

Bair Fix has a YouTube account!

https://mastodon.online/@blair_fix/112462407478539455

@economics-that-works

Of the thoughts I have of

1) what happens to system dynamics if a “big enough” portion worker & capitalist sector merges under co-ops?
2) interest pricing to control debt demand is economic cancer
3) financial institutions were/are lending factories by policy construction. in today’s economy they are agents of the ponzi scheme, see GFC.
4) from the paper not weak taxation destabilizes system dynamics of the economy (economic cancer)

@economics-that-works

#SteveKeen #economics

Toothsome 1995 paper.

Finance and Economic Breakdown: Modeling Minsky's "Financial Instability Hypothesis"

Minus the math, which can be skipped over, for his discussion, the paper lays out the basics of modern economics wrt to economic cycles and labor v capitalist v creditor (banks) income.

It’s the basic model to reason about our economy and its state.

https://keenomics.s3.amazonaws.com/debtdeflation_media/papers/JPKE1995PageImage9509152794.pdf

also on JSTOR

https://www.jstor.org/stable/4538470

🧵

@GottaLaff That guy seeing jail.

If only Robert Mercer, who funded Brietbart, and Bannon, saw jail too. It’s time the people behind the insanity go to jail.

#aurora

In all this amazing display of the Earth’s magnetosphere, remember it’s deflecting the relentless cascade of deadly solar and cosmic radiation washing the Earth every day and hour, and turning it into wonder. It’s a precious cloak of protection against a harsh universe, unique in our solar system, securing our atmosphere. Irreplaceable.

Take time to appreciate that.