Rigging the deck, loading the dice, wieghting the wheel. All are gambling terms.
We all know, that in sports there are rules, and when the rules are violated, this is called "Foul".
However, when the wealthy or powerful violate or rewrite the rules to make what they want to do legal, that is ok. We talk about competitionon. But when the rules favour the already powerful, that is not competition but "foul"
We as a society need to "criminalize" lobbying, and create open public forums in which debate must happen. Forums in which all voices must be heard, and respected. I also believe that decentralization is required, because we do not know what solutions work, and what solutions do not work, and the only way to know, is to allow people to try them, and see what happens.
For instance, if socialism is so bad, let those guys over there try socialism and fail. If they succeed, well then observe & learn.
John, you make great points about the dominance of centralized wealth/power being the enemy of both public discourse and adaptation, which requires competition of ideas and experiments, which requires decentralized networks and nodes.
To your point--the entire financial system is nothing but a casino. Old hands furtively admit that nobody makes long-term investments now.
BJ and Timmy, I've written about the "factory model" of education for 20+ years. Now the "factory" is rubber-stamping students using AI to compose papers--a process in which they learn nothing and register no cognitive gain--rather, their IQ declines. Shorthand: AI = "dumb and dumber".
looks true about all the issues involving inequality.
I want to highlight this:
"1. The gains from rising productivity--the only durable source of prosperity--were shifted from wages to owners of capital."
true, it indeed is rising productivity that brings rising prosperity.
the clear source of rising productivity since WW2 has been the huge rise in surplus energy flowing through IC.
this surplus energy allows us essentially to each have 100 "energy slaves" (so said Buckminster Fuller) to leverage human labor perhaps 100X and that is clearly the main source of the high productivity and high prosperity which we now have.
too bad surplus energy is no longer rising but is right about at the point of declining.
this surplus energy decline means that productivity MUST decline also.
it is an irreversible decline in productivity which will mean an irreversible decline in prosperity for the average person for the next few decades.
This economic fiasco started on Sunday, August 15th, 1971, when President Nixon came on our TVs, interrupting "Bonanza", to tell us that he was closing the gold window "temporarily". Hahahahaha.
"I don't want a nation of thinkers, I want a nation of workers.". That's turned out quite useful for certain parties. An "educational" system based on indoctrination, ignorance, illusion and obedience has also been extremely useful. There is an interesting series exploring the origins and expressed intentions of those who founded the US "educational" system.
That is one of the reasons the four charts can exist, and grow worse for generations, with no result. Its also how you covertly control the most heavily armed civilian population in the world. People claim that the "educational" system is broken. Noting could be further from the truth. Its working as intended.
Rigging the deck, loading the dice, wieghting the wheel. All are gambling terms.
We all know, that in sports there are rules, and when the rules are violated, this is called "Foul".
However, when the wealthy or powerful violate or rewrite the rules to make what they want to do legal, that is ok. We talk about competitionon. But when the rules favour the already powerful, that is not competition but "foul"
We as a society need to "criminalize" lobbying, and create open public forums in which debate must happen. Forums in which all voices must be heard, and respected. I also believe that decentralization is required, because we do not know what solutions work, and what solutions do not work, and the only way to know, is to allow people to try them, and see what happens.
For instance, if socialism is so bad, let those guys over there try socialism and fail. If they succeed, well then observe & learn.
Quote
As a result, assets such as houses are now unaffordable to all but the wealthy.
Unquote
This issue exists in every western Anglo Saxon country
Canada USA New Zealand Australia UK
Less so in the Latin countries
Thank you for the insightful comments.
John, you make great points about the dominance of centralized wealth/power being the enemy of both public discourse and adaptation, which requires competition of ideas and experiments, which requires decentralized networks and nodes.
To your point--the entire financial system is nothing but a casino. Old hands furtively admit that nobody makes long-term investments now.
BJ and Timmy, I've written about the "factory model" of education for 20+ years. Now the "factory" is rubber-stamping students using AI to compose papers--a process in which they learn nothing and register no cognitive gain--rather, their IQ declines. Shorthand: AI = "dumb and dumber".
warm regards, charles
looks true about all the issues involving inequality.
I want to highlight this:
"1. The gains from rising productivity--the only durable source of prosperity--were shifted from wages to owners of capital."
true, it indeed is rising productivity that brings rising prosperity.
the clear source of rising productivity since WW2 has been the huge rise in surplus energy flowing through IC.
this surplus energy allows us essentially to each have 100 "energy slaves" (so said Buckminster Fuller) to leverage human labor perhaps 100X and that is clearly the main source of the high productivity and high prosperity which we now have.
too bad surplus energy is no longer rising but is right about at the point of declining.
this surplus energy decline means that productivity MUST decline also.
it is an irreversible decline in productivity which will mean an irreversible decline in prosperity for the average person for the next few decades.
this productivity decline will not be pleasant.
This economic fiasco started on Sunday, August 15th, 1971, when President Nixon came on our TVs, interrupting "Bonanza", to tell us that he was closing the gold window "temporarily". Hahahahaha.
Wage earners have been fucked ever since.
"I don't want a nation of thinkers, I want a nation of workers.". That's turned out quite useful for certain parties. An "educational" system based on indoctrination, ignorance, illusion and obedience has also been extremely useful. There is an interesting series exploring the origins and expressed intentions of those who founded the US "educational" system.
https://www.youtube.com/watch?v=RHa-FeUmFvk
That is one of the reasons the four charts can exist, and grow worse for generations, with no result. Its also how you covertly control the most heavily armed civilian population in the world. People claim that the "educational" system is broken. Noting could be further from the truth. Its working as intended.
I agree with you, BJ.