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Before farming was invented, human population was much lower than now.
Failing to feed, clothe and educate your child is a criminal offence.
Quote from: hamdani yusuf on 13/02/2025 06:42:01Before farming was invented, human population was much lower than now.Farming, food processing and distribution without fossil fuel will not sustain the current population.
What's the penalty?
Renewable energy sources can generate much more than fossil fuel with less operational cost.
Quote from: hamdani yusuf on 16/02/2025 13:00:00Renewable energy sources can generate much more than fossil fuel with less operational cost.The maximum renewable energy available within UK territorial limits is about 10 - 20% of present consumption. The depreciated operational cost is enormous because we have no economical means of storing and distributing most of it.
Aubrey DeGrey thinks the genetic therapies will basically be free because old people already cost a bunch of money, that it?s better just to make them young again.
Who actually ends up with that mortgage payment you make every month? Spoiler: it's not the bank.Timestamps00:06 Intro01:38 Credit and debt explained06:25 Morgage credit08:00 Flows of wealth09:16 How the rich buy property13:02 Governments and banks15:35 Should you get a mortgage?
"you as an individual can run out of money but society can never run out of money and if the government has gone into debt it is because somebody has accumulated money; it's always in balance"With regards to interest - Central Banks receive interest on the loans they make, and they also pay interest every day to the holders of money, so this balances out societally and does not take the monetary system out of balance.TIMESTAMPS00:00 - Introduction to Money01:00 - Does Money include Debt04:00 - Money Creation06:49 - The Total Amount of Money10:34 - Our Concept of Money13:24 - Governments & Money15:59 - 2 Competing Concepts18:00 - Inequality in Credit/Debt21:50 - Money is NOT resources
Who's getting rich from your mortgage?
Jon Stewart dives into Trump's new Department of Government Efficiency, a.k.a. DOGE, and how the Elon Musk-led project masks its allegiance to corporate overlords and negligence to the American people under the guise of slashing the government's budget. #DailyShow #JonStewart #DOGE #ElonMusk
Quote from: hamdani yusuf on 24/02/2025 03:10:14Who's getting rich from your mortgage?If it isn't the bank, why do bankers get bonuses for selling mortgages?
Who give the bonuses?
Quote from: hamdani yusuf on 28/02/2025 12:06:38Who give the bonuses? The bank directors, via management incentive schemes.
...So, let me get this straight:1. Boss exploits the worker, thus the GDP thing goes up.2. Politician convinces the worker that "More GDP means that businesses do well, so that means that the boss can provide more jobs"3. Boss is cutting jobs so that the boss can profit, and the business can prosper.4. All is going "great" because GDP is going up, boss's earnings go up, politicians carrers go up, because GDP goes up... everything is going up, except for the worker's living conditions.Did I get the gist of it?
Reminds me of an old joke:Two economists are walking in a forest when they come across a pile of manure.The first economist says to the other ?I?ll pay you $100 to eat that pile of manure.? The second economist takes the $100 and eats the pile of manure.They continue walking until they come across a second pile of manure. The second economist turns to the first and says ?I?ll pay you $100 to eat that pile of manure.? The first economist takes the $100 and eats a pile of manure.Walking a little more, the first economist looks at the second and says, "You know, I gave you $100 to eat manure, then you gave me back the same $100 to eat manure. I can't help but feel like we both just ate manure for nothing.""That's not true", responded the second economist. "We increased the GDP by $200!"
I once had an economist tell me that a good economy just means that money is moving. It does not mean that it is moving toward you. And that is probably one of the most succinct definitions I've ever heard
I'm an economics freshman, and literally the first thing my professor told us at a lecture about GDP was: "It's bullshit, use it as sparingly as possible".
?Growth for the sake of growth is the ideology of the cancer cell.?- Edward Abbey
If you put one billionaire into a room with 999 people who have nothing, then the average person in the room is a millionaire.
They are selected, evaluated, or fired by stock holders.
There?s a war brewing between a handful of billionaires to seize control of AI. They want you to think their tech will make the world better for all of us. We dug into what they really want.
Yuval Noah Harari and Jessika Gedin discussing his latest book, 'Nexus: A Brief History of Information Networks from the Stone Age to AI' on Babel ? an arts program on Sweden's @svt channel. In this conversation with host Jessika Gedin, Harari explores one of today?s most pressing questions: what should we do when non-human intelligence threatens our existence?'Nexus' examines how information networks have shaped human history ? from ancient oral traditions to modern AI-driven societies. How have these networks empowered civilizations? And in an age of artificial intelligence, what risks do they pose?Originally broadcast on October 18, 2024
what should we do when non-human intelligence threatens our existence?Switch it off. Or kill the guy who is deploying it for his benefit.