Author

Topic: Economic Devastation - page 140. (Read 504811 times)

legendary
Activity: 1834
Merit: 1019
June 18, 2014, 07:50:20 AM
From what I've been reading, a benign dictatorship seems to be the only form of government that can endure and rule for the benefit of the governed constituency, I think, as long as the constituents have a way to opt-out or instill a positive feedback loop on/maintain government benignity.

Freedom man, freedom. Democracy or dictatorship, it doesn't matter. It is no rule of law, and someone else to decide. A person or a committee. The level of freedom is what matters. An why not go for the ultimate freedom - no rulers.

I agree, maybe I wouldn't use the word ruler but rather leader. It would be under such a system of ultimate freedom where I'd imagine that there'd still be some economic advantage to voluntarily work together. Like a company has specialization of different workers, might there not be someone (or a group) that should lead this company to engage resources as best as possible for whatever their goal might be? If that company serves constituents best interests better than the others available, it'd make sense for the constituents to align themselves with said company until it doesn't make any more sense to do so, in which case they can voice their dissent in the effort of changing what is not liked or leave. I guess this sounds kind of feudalistic, but I think as long as there's a way to opt out, that is a means to check tyranny and still maintain high degrees of freedom. empowerment of the individual

edit: interesting paper I just looked up by googling "bee colony specialization"
http://www.ncbi.nlm.nih.gov/pmc/articles/PMC2686371/

edit 2: The distributed applications movement (https://github.com/DavidJohnstonCEO/DecentralizedApplications) wants to turn organizations into a protocol where the collective majority stake decides the course the organization via proof of stake/work voting. Maybe pull requests are submitted and can be discussed and voted upon under this system and if enough votes were accepted, then the protocol would change. If the majority stakeholders do not serve the whole's best interests, those that don't agree could try to voice their opinion and appeal or leave, but at the same time, this type of democracy might be less competitive and be fraught with bureaucracy and indecision unless maybe they voted in and could vote out 'good' benevolent leaders. economic incentive/competition would determine that the best decisions be made
legendary
Activity: 1512
Merit: 1005
June 18, 2014, 06:45:26 AM
From what I've been reading, a benign dictatorship seems to be the only form of government that can endure and rule for the benefit of the governed constituency, I think, as long as the constituents have a way to opt-out or instill a positive feedback loop on/maintain government benignity.

Freedom man, freedom. Democracy or dictatorship, it doesn't matter. It is no rule of law, and someone else to decide. A person or a committee. The level of freedom is what matters. An why not go for the ultimate freedom - no rulers.
legendary
Activity: 1834
Merit: 1019
June 17, 2014, 09:14:09 PM
From what I've been reading, a benign dictatorship seems to be the only form of government that can endure and rule for the benefit of the governed constituency, I think, as long as the constituents have a way to opt-out or instill a positive feedback loop on/maintain government benignity.
newbie
Activity: 14
Merit: 0
June 06, 2014, 01:42:32 PM
where can i find the graphics and connected dots like this? I know there is a site if you type in the keyword, it shows you the connections to it with a graph similar to this one.

What is that website's url?

I forgot it!!

The diagram of the Dark Enlightenment above is incomplete.
It is missing Contentionism. I corrected this omission.
 
http://coincube.com/wp-content/uploads/2014/03/Dark-Enlightenment.png
hero member
Activity: 518
Merit: 521
May 26, 2014, 10:03:27 PM
---------------------------- Original Message ----------------------------
Subject: "...world government whether or not you like it,   by conquest or consent."
From:    AnonyMint
Date:    Mon, May 26, 2014 10:59 pm
To:      "Armstrong Economics" <[email protected]>
--------------------------------------------------------------------------

"We shall have world government whether or not you like it, by conquest or
consent." - Statement by Council on Foreign Relations (CFR) member James
Warburg

http://armstrongeconomics.com/2014/05/26/france-has-largest-swing-in-all-of-europe-against-the-eu-commission-and-its-socialist-agenda/

Quote from: Armstrong
The elections have indeed been a huge rejection of the EU
policies. What is happening in France prefigures what will happen in all
European countries. France is the second largest country in the Eurozone.
This will put tremendous pressure on the European Commission. That is the
dangerous group to watch.

...

The EU Commission took out the heads of Greece and Italy who wanted to
leave the Eurozone. What will they do now? If there was ever a Doctor
Evil, it has been the European Commission.

Martin Armstrong is getting giddy about the people rising up, but as
happened in Ukraine, there persists the East vs. West faux conflict is a
globalist strategy to co-opt any sovereignty movements. Martin forgets the
globalists have several weapons in their arsenal:

1. They can incite Russia to roll tanks into France within 31 days, i.e.
they can bring war again to Europe to force Europeans back into supporting
a EU to obtain peace. They did this before and they can do it again if the
Europeans haven't yet been pummeled into submission. The globalists
control NATO.

2. The globalists control banks, central banks, corporations and finance
in Europe. They can cause massive bankruptcy at will. They can do this in
targeted fashion along with war to prevent a reset and pummel Europeans
into the beggar ass-up-in-the-air position. European boomers will change
their stance when their manicured bike paths, universal health care, and
other niceties are threatened.

3. The globalists control the mass media. And one way to diffuse popular
movements is to popularize movements and design them to fail (installing
leaders who are bought off and promoting them to the public as the real
deal) thus making the people (just like in Ukraine) hamsters inside of
spinning wheels going nowhere.

Martin doesn't seem to understand that VOTING IS THE PROBLEM. He will
learn this lesson the hard way. BY 2032 or earlier, he will admit to me he
was wrong and I was correct.

I remember telling my grandfather when I was 15 or 16 that VOTING IS THE
PROBLEM. How come I can figure that out at such a young age, yet grown men
still have this delusion and don't understand the thermodynamics of the
power vacuum. For as long as men are deluded by the lie of the power of
voting, they will forever be hamsters. The desire to collectivize creates
a Coasian barrier to maximum entropy. The globalists then are entrusted to
design in the creative destruction, which is precisely the destruction of
the nation-states ongoing. You see while the nation states die and head
towards world government, the entropy routes around the Coasian barrier
into the technology arena, e.g. the crypto-currency era is born. In other
words, the only thing that has ever worked are frontiers that route around
the desire of stupid men to collectivize their votes. From the Biblical
perspective, the astute insight (whether God exists is irrelevant to
whether the lesson is astute) God tried to teach men this in 1 Samuel 8,
but men did not listen. So God said let them have their government and
reap what it will sow. 1 Samuel 15 was a fulfillment of the outcome of
such a Coasian barrier.


http://armstrongeconomics.com/2014/05/26/bildebergs-losing-control/

Quote from: Armstrong
QUESTION: Mr. Armstrong; There are people who claim you
refuse to see the obvious that there is a group called the Bildebergs that
they insist even Hillary Clinton admitted they do nothing without
consulting them. It just seems absurd that these people point to such all
powerful groups who control the world in unison yet they cannot agree in
Congress. Are they blind to human nature? My field is psychology. What
they suggest is impossible for no such group would ever have a perpetual
consensus. Congress, U.N., and the EU parliament illustrate this fact of
life. Do you think human nature could possibly be different for such
groups? Seems impossible for me.

QUESTION: The very law firm O’Melveny & Myers that destroyed your company
and lied that you were managing money when you were buying portfolios
attended the Bildeberg meeting in 2006. Was there no connection?

QUESTION: Does the European elections show the agenda of the Bildebergs is
collapsing? Do you really think a one-world government could ever exist?

ANSWER: This idea of a one-world government has zero chance of ever
unfolding. Human nature will never allow a single one-party government
worldwide. To accomplish even such an attempt, it would ONLY happen after
World War III emerging then from the ashes like Bretton Woods and the
original purpose of the Bildeberg meetings. Honestly, it certainly seems
that someone has sold an idea ahead of its time and that distracts people
and the press from investigating the real threat – the government agenda
to eliminate democracy and the prevailing political corruption.

It is government on the ropes. The Sovereign Debt Crisis is closing in.
Nobody can stop this outcome. They are hunting money because they are dead
broke and the stress is showing everywhere. Just wait for the pension
crisis and we will see the unions acting like the Roman army sacking
cities to pay their pensions.

Nevertheless, the agenda of the conspiracy-buffs to blame the Bildebergs
to protect the politicians and the real evil in society is starting to
lose ground. The conspiracy-buffs seem to be paid to put out this stuff
tying strings of statements together with no hard evidence to pretend
someone other than government is in charge. Well, the European elections
have shown that agenda is not working. As long as they can blame the
Bildebergs, that allows politicians to run and claim their will protect
society. It is a great scam.

The world government already exists, but not yet in the open. THE DEEP
STATE is already the defacto government. You have written about its
existence.

You contradict yourself. You state elite groups can't cooperate, yet you
admit the very powerful DEEP STATE exists. What you fail to incorporate
into your logic is the thermodynamic fact that organisms (even in a Petri
dish) can be incentivized to cooperate within a Coasian barrier by some
common survival or profit strategy. Did Thatcher win on the EU? No! The
Bilderbergs and the DEEP STATE won.

You only see the creative destruction of the nation-states as the
invisible hand. The elite power structure is a natural Coasian result and
it isn't invisible. It exists. You even admitted it exists. You think the
DEEP STATE is temporary, yet it has been there since the time of the Kings
and it is growing more and more intrusive and powerful.

You should go listen to Hillary speak on Youtube where was speaking at the
CFR so you can correct your erroneous assumption.

As the nation-states collapse in the sovereign debt crisis, the borrower
is slave to the lender, and the defacto government will transitioned to
the official government. The EU Commission is an early example of this
open form of dictatorship that already exists in THE DEEP STATE.

Nobody is paying me even one penny to write these emails to you. Don't
blame your ignorance on alleged malice of those who are smarter than you,
because you look like a fool barking at shadows of yourself.

You were not inside the curtain of THE DEEP STATE. You were only inside
the political curtain slightly, and not enough to know all the inner
workings of THE DEEP STATE which is indeed controlled by the globalists.
You've never even attended Council of Foreign Relations insider meetings.
You are not even a lowly ranked member?

It is much too late to reform. Voting failed. THE DEEP STATE was the
result of voting.

Voting now is all about a manipulated game of the globalists that will
legitimize their control in an official way. This has all been planned out
and the uprisings are proceeding according to the globalist agenda
perfectly.

The people will be fooled into thinking they had risen up against
corruption. And in that process the sheeople will actually legitimize the
defacto dictatorship that is running the world now.

The real evil are naive men who don't understand thermodynamics and thus
don't understand that collectivized voting is the problem. And you sir,
are one of the sheep.

I include below some anonymous communications from a female. Aren't you
ashamed of yourself sir, that a female is more analytically astute than
you. That should be the forte of a man.

I explained it the following way in 2010 when I correctly predicted the EU
would not disintegrate:

http://www.coolpage.com/commentary/economic/shelby/Understand%20Everything%20Fundamentally.html

Quote from: AnonyMint
Europe will not disintegrate

Coase’s theorem says that an inefficient internal order will continue for
as long as there remains an unavoidable frictional barrier insulating it
from the more efficient external possibilities. The fundamental reason the
EU crisis will not result in a disintegration of the union, at least not
until its people significantly abandon collectivism, is that organisms
which are unable to comprehend the mechanism by which they are consuming
resources faster than their ecosystem can replenish, thus are unable to
stop the mechanism before they perish. So the implosion of the friction
and thus the order only occurs when they perish, because they will
continue to repeat the mechanism which they do not understand to be a
cause of their suffering. This can be verified in a petri dish, as an
organism will reproduce until it consumes all of its food or oxygen. Due
to the lack of a pre-frontal cortex, it is unable to comprehend the
connection of reproduction to unsustainability. Unfortunately, even though
humans have a pre-frontal cortex, they do not comprehend that debt,
insurance, bonds, fractional reserve money, and centralized governance,
cause the demand (and thus production) of resources to be overconcentrated
in sectors of the ecosystem that create a less productive future. In the
next section, I will explain that these financialization mechanisms cause
collective failure and thus demand ever increasing centralization (i.e.
“too big to fail”), because from their inception they all pool capital.
Thus they are always collectivism.

    “It amazes that otherwise bright people can’t understand the simple
concept that economic collapse doesn’t convert collectivists into
anarchists.”

Thus the people are blind to the mechanism which is enslaving them and
reducing their prosperity. Thus, since they will not change the mechanism,
centralization of governance will grow stronger from the current financial
crisis, and will diminish only when the involved organisms perish. Entropy
is continuously culling the center of the bell curve so that knowledge can
advance.

------------------
nothing new for you and I but the picture made me laugh.

http://www.alt-market.com/articles/2143-why-not-believing-in-conspiracies-is-a-sure-sign-of-mental-retardation


Yeah, but he's still a blowhard idiot.  He knows just enough layered
propaganda to
rationalize a fantasy world view.
I recently attempted to combat this Russia as the clever underdog rival BS by
pointing out that the Russian government (to include Putin) was implicated
in a
number of false flag attacks blamed on the Chechens to justify a brutal
crackdown.
As you probably recall, whistleblower Alexander Litvinenko was murdered via
radioactive polonium.
http://en.wikipedia.org/wiki/Poisoning_of_Alexander_Litvinenko
As I said before the Saudi Russian threat was staged theater, a Hegelian
misdirect.
KSA was being framed as a dangerous rogue nation to take the fall for the
expansion
of Al Qaeda and the eventual end of the petrodollar.  Ludicrous assertions by
Zionist gatekeeper writers such as Michael Snyder included a narrative
that KSA had
been blackmailing the US in the Syria affair to support terrorism was
going to
punish the US for not bombing Syria by abandoning the sale of oil for
dollars.  Can
you imagine?  It was so ridiculous that the psy op had to be abandoned for
the
Russia and China as faux antagonists theme.
When the USSR broke apart, the first phase of Operation Gladio, the
massive US/NATO
false flag operation, switched gears and as part of that process a
political purge
in Turkey resulted in the several high ranking Turkish generals fled to
Russia.
These defecting Turkish generals told the Russia everything about Gladio.
If the
Russians had revealed this information to the world, the US and European
political
foundations would have been shaken down to their cores.  Not a word from the
Russians.  This situation is well known in US intelligence circles, as
revealed in
detail by US FBI whistleblower Sibel Edmonds.
During the height of the Syrian conflict, the NY Times featured a Putin
op-ed,
indicative of the international coverage his statements on US involvement
in the
conflict was getting in prominent media sources.  He could have easily
brought up
the history of Al Qaeda as a direct CIA creation and how the US government
and its
allies were still actively funding, arming, and training the supposed
organization
behind the 9/11 attacks.  Again, not a word.
Finally, I believe I recently told you about the Russian intelligence
participation
in the assassination of the what was nearly the entire Polish government and
national banking leadership after they refused to work with the IMF.
http://www.thecommonsenseshow.com/2014/03/09/the-grand-chess-board-of-world-war-iii/
Russia is in a state of deep capture as much as the US is.  The only
difference is
the US is the still the power center of the NWO, esp. in its role as military
hegemon and ultimate global mafia enforcer.
I've mentioned also that Brandon Smith, a very good young Libertarian-minded
business writer and NWO researcher, has also been proving the case that
Russia is in
the tight grip of the NWO and the West vs. East meme is an elite op.  He
recently
touched upon this theme again in a recent article that featured insightful
speculation on the Euroclear purchase of US debt. You should skim this one.
It's the alt-market link directly below.
http://www.alt-market.com/articles/2145-who-is-the-new-secret-buyer-of-us-debt




---------------------------- Original Message ----------------------------
Subject: EU plan was not a failure, the nation-states are destroyed
From:    AnonyMint
Date:    Mon, May 26, 2014 11:20 pm
To:      "Armstrong Economics" <[email protected]>
--------------------------------------------------------------------------

http://armstrongeconomics.com/2014/05/26/hollande-calls-for-eu-to-reduce-its-role/

Quote from: Armstrong
The people of Europe never agreed to the Federalization
of Europe. The politicians thought they were clever and would sneak this
agenda in little by little. I have stated that they came to me at the
start of design. I told them flat outright the euro would fail unless
there was the nationalization of all member debts. They did not think they
could get the support for that at the time and pushed forward creating a
federal bureaucracy and a single currency. The design was a disaster and
warned them at that time the euro would fail. Without a consolidation of
the member debts, the euro could NEVER compete against the dollar nor
become the reserve currency lacing a deep market to park money.

The bureaucrats were given the ideology and agenda you saw on the public
face of it, but the globalist damn well knew they were creating it to fail
on purpose, because they knew the nation-states of Europe would be
destroyed by it and no longer able to return to sovereignty.

It is no longer reversible for economic reasons. To reverse it would be
mean too much pain for European boomers who are too old to fight and
rebuild.

The globalists' plan is working out as planned.

Yet you only see the public face it. You are fooled by the magician's
illusion, i.e. you are a sheep and can only see the ass of the sheep in
front of you.
hero member
Activity: 784
Merit: 500
May 25, 2014, 11:30:00 PM
It'll cost a lot more to build a robot to clean a hotel room than a human
STT
legendary
Activity: 4102
Merit: 1454
May 25, 2014, 10:06:51 PM
Automation continuously shifts the minimum required iq to be productive. What happens when this minimum is higher than society's average?  




Computers are generally not more capable then people.  Specialised and faster in specific roles yes but it'll be a long time before robots replace us all.   Generally its of help.
People who arent geniuses can go into entertainment or some service, people get people and they'll be something they excel at.  Some people earn a living as statues Huh, its bonkers what is possible.  Im not saying thats a great job but somehow I think they'll always be something; people are more adaptable

   Really its not all about IQ, that does not cover skill and talent that even the uneducated serfs have in abundance and to a far higher grade then automation can challenge.  The biggest thing with people is wasted talent, its not about stealing jobs
legendary
Activity: 1652
Merit: 1057
bigtimespaghetti.com
May 25, 2014, 04:18:24 PM
Quote
lost jobs because of automation

This relates to luddism which is centuries old.   People never like becoming redundant in their jobs but it can be a step forward, we dont need people to serve petrol or even take the cash for it.  We can choose to have people do it anyway but generally buyers dont need or require this and so every other old job like this goes away and we find new things for people to work at like making webpages or whatever.
Automation continuously shifts the minimum required iq to be productive. What happens when this minimum is higher than society's average? 


The normies vote other people's property away like any self-serving democracy of course! Smiley
full member
Activity: 148
Merit: 100
May 25, 2014, 01:39:58 AM
Quote
lost jobs because of automation

This relates to luddism which is centuries old.   People never like becoming redundant in their jobs but it can be a step forward, we dont need people to serve petrol or even take the cash for it.  We can choose to have people do it anyway but generally buyers dont need or require this and so every other old job like this goes away and we find new things for people to work at like making webpages or whatever.
Automation continuously shifts the minimum required iq to be productive. What happens when this minimum is higher than society's average? 
full member
Activity: 224
Merit: 100
VocalPlatform.com
May 24, 2014, 08:30:20 PM

I think bitcoin can play a very important role in a world financial disaster, what about if every currency just worth nothing?, people wouldnt want to  be buying gold and protecting it.. there is where bitcoin will play the role as a store of value and temporary currency for day to day..
STT
legendary
Activity: 4102
Merit: 1454
May 24, 2014, 08:18:34 PM
Soros does not manage those funds outside of an emergency so far as I know.  Likely that decision was taken by others and I dont think even sent for his approval
hero member
Activity: 518
Merit: 521
May 24, 2014, 04:05:16 AM
Over the cliff we go...

http://armstrongeconomics.com/2014/05/24/income-tax-revenues-collapsing-in-the-states/

Quote from: Armstrong
Personal income tax collections simply plunged for 2013 from a year earlier in 27 of 32 States reporting so far. That is the majority of the 43 states that levy income taxes to begin with. The collapse is ranging between 20% to as much as 50%. These States cannot print money so there is no chance of hyperinflation. This is the deflationary collapse of society. These States face hard decisions on either cutting spending or raising taxes. They will choose the raising taxes more than cutting spending that causes government to shrink in size.
hero member
Activity: 518
Merit: 521
May 22, 2014, 10:58:55 PM
---------------------------- Original Message ----------------------------
Subject: Weary of irrational biases
From:    AnonyMint
Date:    Thu, May 22, 2014 11:53 pm
To:      "Armstrong Economics" <[email protected]>
--------------------------------------------------------------------------

This will probably be my last communication on these sort of debates,
because I can't convince someone who has an irrational bias and refuses to
be objective and based in fact and analysis.


http://armstrongeconomics.com/2014/05/22/the-end-goal/

Quote from: Armstrong
REPLY: I would like to see something like that happen.
However, we must keep in mind that we require the crash and burn. Society
moves through waves of Creative Destruction. We must see the system
collapse and that will then set the stage for a rebirth. The object is to
be there when that happens. This will be the moment of truth. Society will
swing either toward more authoritarian or toward real democracy.

We need the true checks and balance of the people divorced from career
politicians. Eliminating direct taxation will eliminate the corruption and
lobbying of politicians to carve out exclusions. Republics are the WORST
form of government for they ALWAYS become the most corrupt. Even a king is
better for he is either a madman or a saint – he cannot be bribed on the
whims of people or chance.

Eliminating direct taxation, which the founders of the US did originally,
it will eliminate the need to hoard cash offshore. Eliminate direct
taxation and you will lower the cost of labor. Eliminate unions that serve
no functional purpose and only promotes higher wages without improving
skills. To get ahead, people have to keep pace with technology or be
outdated in the workforce watching their labor value depreciate. If people
understand the technology cycle they will grasp the idea that they must
increase their value by expanding their skills.

You've observed history and seen that never once has any political system
been stable and they always devolve to Totalitarianism at the end game.
Yet you still come back for more sloppy seconds, thirds, and Nths.

You've observed history and seen that the technologies for global control
and the level of global control have radically increased. Yet you deny the
global hegemony that will result from your idealistic delusion above.

You've observed history and seen that the only escape and freedom has ever
come in the form of a frontier where the oppressed can compete against the
cancer and thus survival of the human race.

Yet now you say we can just burn without a frontier and reform.

You've fucking lost your mind.

Most people will masturbate like this, because they don't have the skills
to work on the information technology frontier so as to provide real
solutions.

You are too vested in the old school, in idealism about political
structure and top-down planning and organization.

You will be swept away by decentralization technology.

End.



http://armstrongeconomics.com/2014/05/22/the-age-of-disinformation-hiding-truth-in-plain-sight/

Quote from: Armstrong
This is standard operational procedure and it is why I am
very skeptical about conspiracy theories. Trace the origins and you will
find that they are generated as part of a plot to hide in plain view the
truth. Take 911. There are now people who claim that there were no planes
at all and it was all staged.

...

So how do you cover-up what is in plain sight? The oldest trick in the
book is disinformation. You create the controversy centered around the
Twin Towers and exaggerate the claims. The majority will begin to see
through the exaggerations as a conspiracy theory and stop there never
looking further.

Indeed, the truth is in detailed analysis of the material facts rather
than broad-brushed generalizations such as when you Martin refuse to
analyze and accept the detailed factual analysis of the likes of Anthony
Sutton on the existence and manipulations funded by the globalists.
hero member
Activity: 518
Merit: 521
May 21, 2014, 08:08:47 PM
---------------------------- Original Message ----------------------------
Subject: There will never be effective planning in government (not even in  China)
From:    AnonyMint
Date:    Wed, May 21, 2014 9:07 pm
To:      "Armstrong Economics" <[email protected]>
--------------------------------------------------------------------------

http://armstrongeconomics.com/2014/05/21/21188/

Quote from: Armstrong
VA Scandal – More Evidence that Government is INCAPABLE
of Planning

...

Give the people FULL coverage in the private sector and that just may
spark a reality check that these wars are going to COST a lot more money
that people thought so perhaps they will not be so eager to wage war on
the world.

Martin, it is clear from your posts about China that you admire their 5
and 10 year top-down central planning. You've even written that when you
were in China you saw them observing the prices of everything (even 64
variants of tea) and you admired that they didn't intervene but just
collected data to understand the markets.

You think that government can be made to act rationally if for example
term limits are implemented in the West.

What you fail to understand is that China's planning is an abject failure.
China is rising only because their people were so undervalued relative to
the rest of the world, not because as you attribute to some brilliance of
Communist planning. It was just time (as you often say about your cycles
model).

The coming Knowledge Revolution is going to shred these top-down planning
paradigms (the globalist agenda is a paradigm of passive capital being
defeated and the rise of the individualized capital in the Knowledge Age).
The people will rise to direct power via the power of decentralized
technologies on the network.

You are entirely missing the real trend at hand. Your mind is still stuck
in your political and high-end money manager connections. All of you are
going to become increasingly irrelevant.

I again refer you to the following threads to bring yourself up to speed
on the fledgling trend at hand:

https://bitcointalksearch.org/topic/m.6078778

https://bitcointalksearch.org/topic/economic-devastation-355212

Educate yourself by reading carefully the above threads.
legendary
Activity: 1946
Merit: 1055
May 12, 2014, 07:14:22 PM
We are in the last stage of a mega-bubble, in which nothing matters anymore and we're only going parabolic up.
...

There are two possible outcomes: we gather enough speed before the road ends and we make the jump to... "singularity"... or if the road ends too soon we will crash back in the middle ages,
...

Or, we fuck it all up and try again in 500 years.

I believe there are three possibilities

1) Crash into middle ages (mad max)
2) Anonymous decentralized cryptocurrency arises that is widely adopted and revolutionizes the economy.
3) Non-anonymous crypto dominates and is centralized under governmental authority.

Banking interest are going to be pushing hard for option three as such a solution could be used to retire the existing fiat debt while allowing the current system to limp along for a few more years.
However, even if this occurs it would simply be the equivalent of resetting the system back to the mid 1920s. The same forces that drove us off of the gold standard would lead to the eventual conversion of the centralized crypto into fiat, debasement and eventual failure.

I am hoping for #2 in the near future but it remains possible that humanity has to go through a few more cycles of #3 before we figure it out. I remain optimistic that collapse into mad max while definitely possible can be avoided.

legendary
Activity: 1512
Merit: 1005
May 06, 2014, 02:16:39 PM
Quote
lost jobs because of automation

This relates to luddism which is centuries old.   People never like becoming redundant in their jobs but it can be a step forward, we dont need people to serve petrol or even take the cash for it.  We can choose to have people do it anyway but generally buyers dont need or require this and so every other old job like this goes away and we find new things for people to work at like making webpages or whatever.  

This is a step forward, yes people losing jobs can end up positive for society in general.  Politics will never tell you this, hopefully common sense works in the end.  No great crash or depression is needed, just moderate steering would be fine and some panic at the near miss but grim determination to carry on anyway can get us a crash if really desired

It is not easy to observe, but the real connection between work and capital is that wages rise, the profitability of the firm goes down, then there is the choice to stop production and abandon the remaining capital, or to invest in new capital to increase productivity.

Sometimes wages go down, in that case, capital that is useful elsewhere might be sold, and production might go on with lower productivity.

Workers, being the most general production factor, is easily redeployed between firms. The best paying firms get the workers.

STT
legendary
Activity: 4102
Merit: 1454
May 06, 2014, 01:34:11 PM
Quote
lost jobs because of automation

This relates to luddism which is centuries old.   People never like becoming redundant in their jobs but it can be a step forward, we dont need people to serve petrol or even take the cash for it.  We can choose to have people do it anyway but generally buyers dont need or require this and so every other old job like this goes away and we find new things for people to work at like making webpages or whatever.  

This is a step forward, yes people losing jobs can end up positive for society in general.  Politics will never tell you this, hopefully common sense works in the end.  No great crash or depression is needed, just moderate steering would be fine and some panic at the near miss but grim determination to carry on anyway can get us a crash if really desired
full member
Activity: 158
Merit: 100
May 06, 2014, 10:44:14 AM
I could agree that there will be lost jobs because of automation. All other things "predicted" could be may or may not happen. People will not allow computer to take over on everything and there will be always human intervention.
member
Activity: 112
Merit: 10
Cryptocurrencies Exchange
May 06, 2014, 07:08:12 AM
I never fully trusted economic theories, especially those new ones. Hip and dramatic.

After all, any theory like those has some kind of holes inside. It only goes down to how big gaps they are.
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