Notices by Jzero (guerillaontologist@social.coop), page 3

@ntnsndr why would we assume that AI is not hallucinating while doing that as well? And how would we know if it were?

@Hoss @sun
Oh sweet, an actual anti-semite. Bye!!! 👋

@Hoss @sun
Lol. You don't understand it. I've got a degree in neoclassical econ and let me tell you, MMT is far superior as both a description of actual financial system behavior, and as a predictive theory. MMT is based on accounting identities and studying the way banks actually work. While I was taught banks simply intermediate between savers and borrowers, transferring $ from one to the other, that's not how banks actually work. Talk to a banker if you don't understand.

@sun Tell me you don't understand MMT without telling me you don't understand MMT.

This is Kali Baba. Kali Baba taught me many things, but one of them stands out above all others, that pretty thoroughly summarizes everything else he taught and how he lived his life. As he said to me years ago:

"Me helping you, you helping me, God helping everybody. You no helping me, me no helping you, God also no helping."

And it's true, you know, strange as it may seem. Call it what you will, but the Universe responds to solidarity. There isn't much I know for sure, but I do know this.

@cjd @lucy
Or maybe, just maybe, the CEOs are also large shareholders in their companies, thanks to modern compensation standards.

Boards keep voting to overpay CEOs because of Compensation Consulting firms, who they hire whenever they are looking for a new CEO. The CC firms tell them what the average compensation package is, and they - figuring that if you want above avg performance you need above avg pay - pay above avg. Thus the avg increases regardless of performance.

@cjd @lucy
Also you have your interlocking boards of directors, where CEO A sits on CEO B's board and vice versa and they both vote to pay each other more.

https://whorulesamerica.ucsc.edu/power/corporate_community.html

@cjd @lucy
An opinion informed by conversations with and writings by people with long experience on Wall Street, including being tasked with training corporate boards of directors, so...

https://www.nakedcapitalism.com/2015/06/new-study-debunks-myth-that-exorbitant-ceo-pay-results-from-talent.html

You have memes, I have studies. Forgive me if your ideology fails to persuade.

@cjd @lucy
Reality would like a word.

https://www.forbes.com/sites/susanadams/2014/06/16/the-highest-paid-ceos-are-the-worst-performers-new-study-says/

https://www.forbes.com/sites/shivaramrajgopal/2022/10/23/most-us-companies-pay-ceos-under-a-competitive-pay-policy-but-dont-confuse-it-for-pay-with-performance/

@ntnsndr Sure, but everybody in that building actually their lives in essentially the same way materially right? In my experience, the communal lifestyle of the early church is rather far removed from the experience of most believers, whether they announce their politico-economic preferences on their car bumper or not. Practically, what difference does it make, when everyone lives the same individualistic, materialistic lives? Are not all equally falling short of the example set in Acts 4?

@ntnsndr @CaitlinWaddick we meeting this morning? I'm waiting for the room host (Nathan).

@ntnsndr @Steve
https://buenosairesherald.com/economics/government-deploys-slipshod-suspension-of-worker-cooperatives

@ntnsndr Apart from my critiques of crypto in general, this example highlights a major problem for anyone interested in doing democracy on a public, permissionless blockchain: there's no good way to verify identities to prevent sock-puppeting, as this commenter points out. If you're only interested in 1 token = 1 vote (tokenocracy) then you don't need to care about how many wallets one person is voting with, but if you're a 1 person = 1 vote type then this is a big problem, seems to me.

@Erpel @kaia
I need one of those. It would keep me from breaking any more axe handles.

@ntnsndr @caseynewton

I started reading that paper, Nathan, and was intrigued by the first example you cite, of the Colorado Sun. Reading their website, they look like a good example of how community media can work. Besides a lot of good old fashioned community organizing work, they also had an initial input of capital. The initial funders bailed, but they had enough local support to keep it going. Enlightening on a number of fronts.

https://coloradosun.com/2020/06/04/colorado-sun-media-journalism-newspapers-opinion/

https://coloradosun.com/how-the-sun-is-funded/

@aral Sad af, to put it mildly, but that's the problem with legal systems, they are always constrained in what they can do. But like Yves, I was half expecting them to dismiss the case on a technicality, which they emphatically didn't do, so personally I'm taking this as a sign that the world is finally turning against the US's foreign policy. Of course, I wish it would happen quicker (or a couple decades ago) and more decisively.

@aral

Here's a little different take on number 1 from Yves at Naked Capitalism

https://www.nakedcapitalism.com/2024/01/international-court-of-justice-rules-forcefully-against-israel-in-landmark-genocide-ruling-including-restricting-military-action.html

@ntnsndr @yala @skyfaller @shauna @Matt_Noyes
I have to take issue with that last statement. The vast majority of the report is talking about how to apply DAO tooling to co-ops to supposedly make them more competitive. The space devoted to that far outweighs the space you all devoted to policy proposals. The summary gives a good idea of the amount of space devoted to each. "Shilling tech" are your words, not mine, but I do think that's a pretty fair description of the bulk of the paper.

@ntnsndr @yala @skyfaller @shauna @Matt_Noyes

I'll grant you that, but as SBF and others have been finding out, you can't just use blockchain to avoid having to deal with national laws and regulations. Creating a legal framework for int'l co-ops needs to happen, but that in no way means crypto is a good (or legally safe) solution.

@ntnsndr @yala @skyfaller @shauna @Matt_Noyes

Again, all of these fall under either "can be done better and cheaper some other way," or "presents real legal hazards from possible securities violations."