THIS POST IS FOR ALL THOSE CHINLESS WONDERS WHO BELIEVE IN PROFIT FOR THEMSELVES.
It’s no longer good enough to measure the overall wealth of a nation whilst glossing over inequality or consequential environmental degradation.
Why?
Because it is quite apparent that capitalism is stuck while the longer-term future has been transformed by the pandemic and climate change.
It has no answers to a host of problems, including disease, inequality, the digital divide, and, perhaps most blatantly, the environmental crisis the biggest problems of our time.
Rethinking the role of government nationally and in the international economy is now reaching critical a point – to put public purpose first and solve the problems that matter to people – are now the central questions for humanity.
It is imperative that responding to the climate and nature emergency is integrated across all economic activity, with an explicit commitment to moving to a more circular and resource-efficient economy.
The capacities and role of government within the economy and society, above all need to recover a sense of public purpose in order to reshape the economic development to invests in people and businesses drive prosperity, and reduce inequality.
Our economic well-being is without any doubt tied to our environmental, cultural, and social well-being.
One can say this till we are blue in the face but the Covid crisis has removed any doubt about the fundamental role of the foundational economy in the well-being of a nation. (This is the part of the economy which could not be shut down as it provides the infrastructure of everyday life)
So investing in social care, childcare, housing, energy, low carbon, and digital connectivity not only addresses the foundational needs of civilized life but can offer meaningful and rewarding careers and be harnessed for economic development.
A holistic approach to the economy, recognizing its potential for harm as well as good, demands a holistic way to measure progress.
None of the above is possible unless we find a way of committing to long-term projects that are both politically and financially sound.
Our problem is that governments are subjected to short electrical terms in office so long-term objectives are not a priority. While the electoral population pays ever-increasing taxes either to fund a project or rectify a mistake, (without any real commitment to the project in the first place) other than a general election and a new manifesto of verbal diarrhea can deserving projects be fulfilled to completion?
What if we were to introduce legal mission statements that could not be changed till achieved, ‘magnet projects’ funded not by taxation but by voluntary participation in the form of willing support in allowing citizens to support projects by buying sustainable green bonds with guaranteed returns and Loto style financial monthly prizes.
If we are to genuinely tackle the problems that we have created lets us genuinely participate by putting our money where our mouths are.
Too often overlooked in economic development.
You also might be led to believe that monetary activism is financial triage against world economic collapse but ask yourself what kind of political creatures are money printing spawning.
What we are seeing is the economy going online with businesses and organizations in receipt of public funding far from being totally transparent with online profit-seeking algorithms that are now driving a hidden non-paying tax economy.
The pandemic points forward to realizing that our economic models are not dealing with the growth of inequalities.
Money must be made to serve the people not the other way around social value
Imagine a society where everyone can have an equal say in the issues that concern them. Above all, a world, in which all the people own and share the wealth that we need in order to live. These would be enormously exciting times because, at long last, human society will have evolved to the position of being able to tackle effectively the challenges facing the modern world.
So here is your chance to contribute by suggesting your solutions or improving on the above suggestion of Mission Economics.
All human comments are appreciated. All like clicks and abuse chucked in the bin.
With the continuation of the covid pandemic, this is going to become the big question because the two are intertwined.
If this pandemic drags on, which appears it will do with new variants, the degree of economic harm will become extreme, resulting in a different kind of “ailment” worse than the one we’re supposedly trying to “cure.”
Either way, the current shackling of the economy cannot be allowed to drag on much longer, or we will find ourselves in a full-blown global depression — and then more people will die.
However, if you combine the pandemic with the other major crises Climate Change the Environment wins hands down.
Why?
Because in the long run if the environment is not protected it will inevitably lead to the depletion of economic resources and the destruction of the earth and human life.
In this world, humans are not here for only survival there are many other aspects that are necessary for the lives of humans. The economy is not, and never was intended as, “an end in itself”.
Everything that belonged to humans came from the environment but we can live without an economy, but not without our environment!
We’re all in this together.
There’s just enough truth to that to convince the average citizen — but the more insidious (and, I believe, likely intended) effect is to promote public docility;
To persuade us to go along with any and all directives issued by the authorities.
An economy is good only insofar as it satisfies our needs for freedom to enjoy the actuality of living, not valuing profit over life itself. On the physical level, human lives literally depend on the economy; not only for paying the bills and preparing for retirement but for healthcare itself.
With no economy, there is no point in having a good environment. everything in the history of the world created by humans came from the environment.
A “healthy” economy is an indicator of a “healthy” society. They live side by side.
If the goal of government policy is only “to slow the spread of infections”“
If you think the economy is more important than the environment, try holding your breath while counting your money.” — Guy McPherson.
The cure shouldn’t be worse than the disease. Government handling of any public emergency — if those in power are rational and just — will be balanced with their handling of the economy.
Pope Francis said on Sunday that people are more important than the economy, as countries decide how quickly to reopen their countries from coronavirus lockdowns.
What do you think the economy is?
It is people but unfortunately, with our present system of capitalist economies, people do not benefit equally from its growth. Essential workers versus the unemployed, shareholders versus self-employed, foodbanks versus dialing a meal, the list is endless however without humans, how can we hope to repair anything?
To remove these inequalities is impossible but an economy based on universal basic income for all would allow people to look after themselves rather than state handouts.
Providing inflation was controlled it would go a long way to leveling up.
Instead, the possibility of dictatorial governments using technology data is now on the cards. This fear is exacerbated by the average person’s lack of reflection on just what “the economy” is, and what it means to both individual freedom and the public good.
History has shown us we shouldn’t underestimate the threat to our liberty arising from the government’s response to Covid. There’s no reason to assume that after the pandemic — if there is an “after” — all democratic governments will voluntarily relinquish their newly acquired power.
Sure the government’s first obligation is to ensure people can survive both Climate change and the virus but without the means to change the way we live our lives it will be meanless.
So it’s time for the media to make the cost of human life better understood.
It’s time for the advertising industry to stop promoting consumption for profit.
It’s time to regulate Profit for-profit technology such as non-transparent Algorithms.
Either we are really all in this together or we are not.
Of course, together will remain only words till we address the weakness which is at the heart of any nation-state project ( Like the current Vaccination program)
The vast majority are unable to participate because of a lack of compensation, by the capacity ( notably economic) of the capitalist system to ensure that everybody enjoys certain equality of access to material well-being. A Basis Universal income would rectify that.
Modern societies can easily get by without cultural integration, tolerating a situation of competitive pluralism of values without automatically sinking into anarchy feared by the sociological tradition of inequality, if given the means to do so.
All human comments are appreciated. All like clicks and abuse are chucked in the bin.
COP26/G20 ARE NOW BOTH PERFECT MODELS OF OUR COLLECTIVE FAILURE TO BUILD INSTITUTIONS CAPABLE OF COPING WITH, DEEP LONG-TERM. EXISTENTIAL PROBLEMS CAN NOT BE SOLVED BY EITHER GOING TO WAR OR RELYING ON FUTURE TECHNOLOGIES.
Now we find that the entire globe is trapped in the gruesome logic of Capitalism.
It’s perfectly OK for rich countries to continue doing something that is destroying the planet as long as the profit reaped will allow them to insulate themselves from the consequences.
We, that is all of us homo sapiens rose above the lesser animals thanks to our ability to wield logic and reason, yet we have managed to get ourselves to a place where the knowledge of what is driving all of the wildfires, floods, droughts, and disasters is not enough to enable us to do anything meaningful to stop it.
Of course, we need a price on carbon. Of course, we need extremely strict emissions regulations, massive green energy investments, and a maniacal focus on sustainability fierce enough to radically change a society that is built to promote unlimited consumption.
Capitalism is a machine made to squeeze every last cent out of this planet until there is nothing left.
We can either fool ourselves about that until it kills us, or we can change it.
All human comments are appreciated. All like clicks and abuse chucked in the bin.
With or without technology there will always be inequalities in the world.
So why do we keep trying to solve poverty with technology?
Because this way of thinking is so ingrained that is adopted by organizations that fight poverty—which often refashion themselves to resemble technology startups.
Inequality has been growing so much that all governments and civil society speak about it with increasing worry, trying to understand its causes, but unable to find solutions, because of greed.
It is our policy on technology that drives inequality.
There is no better example of this than in the way the world is handling the current Covid pandemic unable to share the know-how to make the vaccinations.
Patents and copyrights are not guaranteed as individual rights, like the right to free speech or religion.
After all, why would a drug company pay large amounts of money to people to develop new drugs if the drugs can be copied and sold by competitors from the day they enter the market?
If it is not already obvious, patent and copyright monopolies are instruments of public policy, not acts of God.
This is why there is still not enough coronavirus vaccine to meet worldwide demand.
A year ago there was no commercial market for mRNA products.
Vaccine manufacturers long ago should have been sharing technology and expertise to boost production in the U.S. and Europe, and especially in developing countries.
The same would be true of software developers, makers of medical equipment, computer manufacturers, smartphone companies, and any other product where the cost of research and development was a substantial portion of the price of the product.
The complete elimination of patents and copyrights is of course an extreme scenario, but it is a possible policy option.
If we did choose this policy option, we would have a much more equal distribution of income, in spite of having the same technology.
In short, the fact that there was a huge increase in inequality associated with the development of technology over the last four decades was the result of policy choices, not technology.
There should be serious public debate about both how strong we want to patent and copyright protection to be and also whether they are always the best way to promote innovation and creative work, as opposed to alternatives like direct public funding.
If we acknowledge the extreme case, where we literally have no patent or copyright protection, then we have to recognize that there is nothing inherent in our technology that would cause inequality.
Few things, in principle, can’t be delivered through technology.
It is entirely our rules on technology that can cause inequality to increase.
So on one hand, technology can eradicate poverty — not by making poor people less poor, but by making it less valuable to be rich.
On the other as technology spreads, making its creators rich, but treating its users the same, we should expect more monopolies and more financial inequality.
Although it is your data you can’t pay for a better Facebook experience.
Companies are incentivized to offer a product if it makes more than it costs. And technology ends up not costing much once you’ve built it.
So, in the end, you charge people whatever they can pay and in poorer countries, people just pay and get paid less.
Times are changing from the days that growth in inequality was largely an organic process independent of government policy.
“Owning” the robot/algorithm is not a technical relationship, it is a legal one, and therefore one that depends on our laws.
The reason some people might get very rich from owning robots or algorithms is that they own patents and copyrights that are needed for the making of the robots/ algorithms.
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In the past, technological improvements would be beneficial to all:
Extreme economic inequality is corrosive to our societies.
Around 8% of the world’s population lives in extreme poverty — but do you know why?
Gender inequality, caste systems, marginalization based on race or tribal affiliations are all economic and social inequalities that mean the same thing:
You might think that poverty causes hunger (and you would be right!), but hunger is also a cause — and maintainer — of poverty. This is why now with climate change, negotiating international trade agreements behind closed doors with only bureaucrats and corporate lobbyists present has to end.
Economics should take into account ethics and the environment, and treat its claims less like invariable truths.
It goes without saying that any actions coming out of Cop 26 climate change conferences to reduce temperatures will be derailed by not just income inequality, (only the higher income household will be able to afford green energy technologies. Solar panels, electric cars, heating pumps, etc.) but by the total lack of shared responsibility to do anything about it.
Of course, there are hundreds of other elements that contribute to the problems our world is now facing.
World poverty isn’t a problem of limited resources, it is a problem of inequality and this inequality is upheld by the idea that aid creates dependence.
Climate change will drive up to 132 million more people into extreme poverty by 2030.
The pricing carbon emissions on average is at a mere $3 a tonne.
The price of inequality in all its forms is greed. There are vast fortunes to be made with Technology/ Algorithms for profit and nothing blurs ethical lines faster than greed.
So far, any decoupling has either been largely relative – in the sense of merely achieving higher rates of economic growth than gains in emissions – or achieved by shifting dirty production from one national territory to another.
And that is why, for now, global emissions are still rising.
The idea of “Just Transition” without financing is pie in the sky.
Take the aftermath of the Afghan 20-year war.
The country is now facing starvation. Why not bomb it with food.
By coming together to tackle the plague of destitution around the world, we have the opportunity to advance the human condition and eliminate global poverty in a way no one has done before.
All human comments are appreciated. All like clicks and abuse chucked in the bin.
We live in an age in which intersecting crises are being lifted to a global scale, with unseen levels of inequality, environmental degradation, and climate destabilization, as well as new surges in populism, conflict, economic uncertainty, and mounting public health threats.
All are crises that are slowly tipping the balance, questioning our business-as-usual economic model of the past decades, and requiring us to rethink our next steps.
In the next few months, we will once again witness a gathering of verbal diarrhea in Scotland all promising to go green.
There is no doubting in the last few decades that we humans have achieved advances away beyond what our ancestors would have believed possible. The irony is that to survive we have to become something very different from what we are.
Many optimists believe that technology can transform society and solve climate change.
To a great extent, this is probably true no more so than in the field of medician.
Take the discovery by Alexander Fleming in 1928 of Penicillin.
Before its discovery, we were dying thirty years early than we do today.
His discovery was down to an accidental piece of bacteria landing on one of his Petri dishes which took another ten years to develop into a drug to save lives.
Today with human intelligence and machine learning we can produce drugs in a matter of months.
The way forward to reducing CO2 emissions is not a by-pass lane it is by using the technologies that already exist.
It’s time to cut out the verbal and bull shit and make these technologies affordable to all.
Yes, the world today is in a dire state and a new kind of social and ecological environment needs to be created with green energy the price of which is toppling daily.
Comparing global problems involves lots of uncertainty and difficult judgment calls, but every problem is solvable if we devote resources to building a just world and not guns.
THE WORLD RUNS ON ELECTRICITY.
SO IF WE WANT A GREEN FUTURE NON-REPAYABLE GRANTS TO CONVERT FROM FOSSIL FUELS GENERATED ELECTRIC TO ENERGY BY NON-POLLUTING RENEWABLE MATERIALS – WIND – SUN- WATER- GEOTHERMAL – HYDROGEN.
SUCH A MOVE WOULD CREATE MILLIONS OF JOBS AND COULD BE FUNDED BY PLACING A WORLD AID COMMISSION OF 0.05% ON ALL ACTIVITIES THAT HAVE PROFIT FOR-PROFIT SAKE AT THEIR HEART. ( See previous posts)
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We are now presented with two very different futures.
The last generation that can stop devastating climate change. We have the knowledge and the tools – we just need politicians to lead the way.
or
We fail to meet climate mitigation goals.
For certain, either outcome will not be easy or cheap and it is happing faster than we wish to acknowledge.
The problem is the two outcomes are profoundly interlocked with lots of uncertainty.
HOWEVER, UNLIKE THE CURRENT PANDEMIC CLIMATE CHANGE WON’T JUST DISAPPEAR IT WILL REQUIRE A NEW MEANING OF LIFE.
To recognize that we are entering a new world with opportunities and perspectives is an enormous challenge not because of climate change but because of the current inequalities existing on the Planet.
The choice we are now confronted with is one we will have to make over and over again as we transition to a more resilient, zero-carbon, just, and healthier future.
The question is who is going to pay for the transition.
New transformative technologies may promise a radically better future but also pose catastrophic risks.
THERE IS LITTLE POINT IN REDUCING GLOBAL TEMPERATURES IF BY THE TIME IT HAS STABILIZED HALF OF THE WORLDS POPULATION HAS BEEN DESTABILIZED OR DISPLACED.
A lack of global emphasis on foreign aid, conflict, and political factors have kept poverty as a driving factor of Inequality.
To adjust to the coming new kind of social and ecological environment, how do we frame either of the above outcomes constructively.
We will have to relearn the world to do so.
We have to become more aware of the future of our planet and our future and the legacy of the human species to start a serious battle to make up for the damages.
At the moment it is difficult to know the changes in the ecosystems that surround us not to mention the social uncertainty to come.
The fundamental economic problem is related to the issue of scarcity.
Society is mostly dominated by people wishing to consume more goods and services that are available.
One in nine people in the world go hungry each day and suffer from nutritional deficiencies as a result.
Currently, 1 in 9 people lack access to clean water across the world.
The problem is not that we aren’t producing enough food, but rather that people lack access to food. Many people do not have enough money to purchase food and cannot grow their own.
To try to work out which global problems are most pressing and make progress on foundational questions about how best to address them is impossible unless we address the fundamental problem.
To recognize that scarcity will drive almost everything.
To recognize a sense of shared humanity.
To recognize that approximately 600 million children are not mastering basic mathematics and literacy while at school.
To recognize that is not just climate change that treating the world but artificial intelligence and the way we are using it.
Using only the interaction of its embedded sensors, computer programming, and algorithms in the human environment and ecosystem — is becoming a reality that cannot be ignored anymore.
Because building autonomous weapons systems are one thing but using them in algorithmic warfare with other nations and against other humans is another.
They will in no uncertain terms alter the very fundamentals of security and the future of humanity and peace.
As global temperatures continue to rise, technology improves and the world economy grows, it gets easier to cause destruction on an ever-larger scale with the weaponizing of artificial intelligence both military-wise and as a social tool.
The Weaponization Of Artificial Intelligence
The development of autonomous weapons system (AWS) is progressing rapidly, and this increase in the weaponization of artificial intelligence seems to have become a highly destabilizing development. It brings complex security challenges for not only each nation’s decision-makers but also for the future of humanity.
There are always unforeseen consequences when new technology is introduced. Those unintended outcomes of artificial intelligence will likely challenge us all.
AI algorithms must be built to align with the overarching goals of humans.
As more and more data is collected about every single minute of every person’s day, our privacy gets compromised.
Look at what is happing in China with its social credit system, it could devolve into social oppression.
Unless you choose to live remotely and never plan to interact with the modern world, your life will be significantly impacted by artificial intelligence.
The transformative impact of artificial intelligence on our society will have far-reaching economic, legal, political, and regulatory implications that we need to be discussing and preparing for.
Sure, it can transform our lives for the better.
In fact, people have gotten used to depending on AI for almost everything and can’t imagine not having these technological advancements as part of their life. Because many processes and applications are getting automated, people are getting addicted to these kinds of inventions which can be an issue for future generations to come.
Societies will face further challenges in directing and investing in technologies that benefit humanity instead of destroying it or intruding on basic human rights of privacy and freedom of access to information.
In the future, predictive analytics and artificial intelligence will play an even more fundamental role in content creation that will affect our wallets, health, safety, and lives.
The mistake we are making is to think that this situation is the only future.
That it is impossible to regulate AI because of the rate of AI change entails.
This is not true as it is possible to Audit all AI technology and algorithms to ensure that comply with human values and to make their programs totally transparent.
Why is the above urgent?
Because combined with climate change we are faced with and a transactional wealth of a new currency of unknowable value called personal data inequality will ravage the planet we all live in and on.
These are not some science fiction movie scenarios the current Pandemic is revealing a much more tragic and fragile world that requires more than trust.
The United Nations (UN) currently lists 22 “Global Issues”.
These correspond with the most important issues of our time and are known as the United Nations Sustainable Development Goals (UN SDGs).
Here is a few of them.
FOOD SECURITY.
HEALTH ISSUES.
EDUCATION.
GENDER EQUALITY.
AFRICA.
ENVIRONMENTAL ISSUES/ POLLUTION.
OCEAN CONSERVATION.
WATER SCARCITY.
GLOBAL ISSUES THAT REQUIRE POLICY SOLUTIONS.
This is not intended to be an exhaustive list. Rather, it serves as an overview of some of the major issues all global citizens should be aware of.
Artificial intelligence is not on the list.
Because the biggest challenge facing the planet needs every solution possible including technology like artificial intelligence (AI).
But AI is not a silver bullet it can only unlock new insights, pinpointing those responsible for it.
The current environmental issues pose so many problems to industry and society that not enough action has been taken to stop turning Climate change into a product.
My goal in this blog is not to convince people climate change is real, or that AI is destroying society it’s to get people who do believe that climate change is real and that Algorithms for profit’s sake are plundering the world to do more to affect change.
What can be done by any of us against the might of Capitalism that will have any effect?
There is only one weapon available to us all and that is our buying power.
If we use our collective buying power you will then see not just governments but global corporations change their tune from profit to sustainability.
We decide whether we want to look at the world in one way or another, always making tradeoffs.
As Harvey Sacks observed.
” If only we introduced some fantastic new communication machine the world will be transformed”
” But the best and brightest devices must be accommodated within existing practices and assumptions in a world that has whatever organization it already has”
All are under threat because all are happening at what scientists estimate to be about 1,000 times the normal pace and are yet to be quantified.
All human comments are appreciated. All like clicks and abuse chucked in the bin.
Apart from the tragic human consequences of the COVID-19 epidemic, it’s impossible to measure the price of A GLOBAL DEPRESSION OR THE COMING CLIMATE CHANGE, NOT TO MENTION THE SURGING INEQUALITY DRIVEN BY AI.
But rest assured that it will be the young generation that will be saddled with the bill and the consequences and few countries are likely to be left unscathed by the covid -19 outbreak’s financial ramifications.
We have conveniently forgotten if you remember before the pandemic we had a financial meltdown in 2008.
Ireland, Portugal, Spain, Italy, economies were all operating on borrowed money with all of them amassing debts away beyond their annual tax revenues to the point that their budgets were consumed entirely by interest payments.
Greece was on the verge of causing the Euro to collapse while England was in the grips of an austerity program that resulted in Brexit the cost of which has no definitive figure.
90% of this was big banks creating debts world-wise in the knowledge that they would have to be bailed out by the taxpayers. (Too big to fail is a phrase used to describe a company that’s so entwined in the global economy that its failure would be catastrophic.)
While Wall Street hedge funds, with credit default swaps and sovereignty wealth funds, we’re making hay while the sun-shined, world debts were doubling.
Take Iceland for example. German banks pumped $21 into its banks, Sweden $400 million, England around $30billion, the Netherlands $300 million, Oxford University a mere $50 million. Iceland’s banks went bankrupt. The government couldn’t bail them out because it didn’t have the money. Instead of being too big to fail, they were too big to save. Iceland never resorted to austere budget cuts that are so prevalent in Europe.
They imposed capital controls. They let the banks fail.
Iceland’s economy successfully survived a sovereign bankruptcy and government collapse.
However, Iceland’s government today is spending a back-breaking 17.3% of its tax revenue just to pay interest on the debt.
Without a doubt, Iceland was and is the canary in the coalmine for the sovereign debt crisis that is now unfolding across the world right now.
With investors around the world suddenly wake up to a sobering reality of a major default… bigger than Iceland in 2008. It won’t be long before we see countries defaulting because of the amount of government borrowing to fight Covid-19
So what happens when governments themselves ceased to be credible?
This might be something that had been considered preposterous only months ago but when one looks at what is only the start of a global depression it is now very much on the cards.
It’s important to remember that throughout history humanity has experienced no shortage of pandemics and deadly viruses but despite the similarities, of these pandemics some of the differences are now even more striking.
The economic fallout from these pandemics was barely noticeable. (The same can be said of the Spanish Flu of 1918.)
What is making the COVID-19 pandemic so unique is not the virus itself, but our collective responseto it. Governments in their zeal to control society, have destroyed the global economy on a scale the modern world has never seen. These losses are unprecedented in modern history. The loss of human life that can never be recovered is regrettable but there’s a degree of anxiety now that’s well beyond the health scares which are still very serious and concerning.
If we take a look for example at the USA.
Its economic loss is more than twice the total monetary outlay for all the wars the US has fought since September 11, 2001, including those in Afghanistan, Iraq, and Syria.
Closer to home.
Millions out of work, industries losing billions, and that’s just the beginning. Transportation companies losing billions in market value with tourism the restaurant and foodservice industry decimated with real estate defaults looming.
Further afield the so-called least Developed Countries, whose economies are driven by the sale of raw materials, will not be spared either. Latin American region as similarly vulnerable.
In addition to global poverty, the pandemic has adversely affected vaccination rates, HIV transmission, gender equality, education, and more. Unfortunately, these problems won’t be reversed overnight—or anytime soon.
When will things go back to normal?
Never.
Our society is fundamentally flawed, with a devastating financial storm more than likely on its way we cannot simply hit the reset button and go back to normal.
As we go about rebuilding our society for a new day, it is absolutely critical that we focus our efforts on healing the wounds of the people who suffered most.
We all know that the distribution of wealth is key to any recovery and we are going to witness in this pandemic and subsequent economic depression how inequality is the main cause s of why our world is in such a mess.
So if we want a world worth living in we must address the distribution of wealth along with education.
( The Solution.
Embedding equity and empathy into our cultures by reimagining schools and the introduction of a Universal Basis Living Wage.
Rather than preparation education (to enter a world of I am all right Jack ) we should be promoting core values education.
This education should be free to all paid for by the state. Not designed by wealthy white men paying the minimum wage, awarding themselves dividends, launching profit-seeking algorithms, running plundering sovereignty wealth funds, leaving the young generation with massive debt.
After two decades of progress around the world, nearly 37 million people have lost significant amounts of income and are now living on less than $1.90 per day.
There is little point in governments spending billions on projects that enrich the few while their citizens have to resort to food banks, social welfare, etc.
While Countries’ debts are ballooning exponentially, due in part to combating Covid-19, the fourth industrial revolution in the form of Technology is eroding the opportunities of earning a living or sharing in the profits of automation, machine learning, etc.
It is not possible to stop the erosion but it is possible to share the wealth in a fair and meaningful way with a guaranteed income that would cut government costs while stimulating economic recovery.
By scrapping the concept of the welfare state a form of structural inequality and replace it with a government-guaranteed payment to provide financial security
Cash is the best thing you can do to improve health outcomes, education outcomes and lift people out of poverty.
It would stop people from emigrating not just to other countries but to cities.
The social welfare state is what prevents the poor from building their wealth to better their lives.
How could it be financed?
Place a 0.05% aid commission on revenue made by profit-seeking algorithms and tax the top 1% and allocate 10 to 12% of GDP directly to the universal income payments.
The benefit would automatically rise with national prosperity and inflation.
The simplicity of the program means it would also cost governments less.
It is inevitable. If we don’t we will rebuild an exclusionary society.)
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Germany, Spain, the U.K., and the U.S. are all in the top 10 spenders, all conjure money out of thin air and funnels it to the government.
There will be inquiries. How long of a sentence does someone get for railroading his nation’s economy? Life? 30-years? 10-years?
Where should we begin to rebuild our lives?
There are a number of possible futures however if we don’t take this opportunity to build a future that is more humane we will slide into something far worse.
The responses so far to the pandemic are simply the amplification of the dynamic that drives other social and ecological crises.
The overriding priority remains to save lives.
However, understanding human behavior in its wider economic context is necessary if we are to solve climate change or if we are to tackle future pandemics problems all created by our economic structure.
Both are socially driven.
With every week that passes, we learn more about the virus and understand more about how to defeat it. But the more we learn, the more we realize how little the world yet understands about the true nature of the threat – except that it is a shared one that we must all work together to defeat.
Now is the time to teach the student of society a lesson of humility which should guard him against becoming an accomplice in men’s fatal striving to control society – a striving which makes him not only a tyrant over his fellows but which may well make him the destroyer of a civilization…
The world is “not at the mercy of the virus called covid, but the fuse is burning on the bomb – Climate Change.
It is at the mercy of Profit for profit’s sake that must be harnessed to affect change.
(See previous posts)
At the end of the day, the Icelandic people are responsible back in 2008 for their collapse. They were never bailed out. They were stuck with the bill.
It does not take a genius to describe the changes that are needed.
All human comments appreciated. All like clicks and abuse chucked in the bin.
As we floundering around in the midst of COMPOUNDING PANDEMICS that are far from over, the future is not here yet.
With our planet is crying out, our political leaders are like fish out of water, apart from the obvious, it seems that we have lost the plot. Compounded by ignorance, short term self-interest, the pursuit of wealth, and political interests, any actions that are vital for survival are stymieing by the lack of conciliation.
Climate Change, Biodiversity, Artificial Intelligence, Poverty and Inequality, Population all on the top of the list. All of them are presenting overwhelming challenges ahead.
There is no way of sugar-coating any of these threats, they have no borders.
We are brought up with other people’s perceptions of life.
Not until we develop enough, intellectually, can we change those perceptions, and even then it can be difficult to change our perceptions about the world until we start to really question it.
Anything else is a blatant lie.
With millions of dead and millions more death to come, we can only prevent any one of them from coming to fruition if we take all of them especially the environmental threat seriously.
With large swaths of people still dealing with entrenched inequalities, it is no wonder we are unable to see the above threats as reality.
If there was ever a time to join together it is now.
We all have an identity and cultural distinctiveness, but if we bound together in a common cause, we could accomplish spectacular things.
To do this we must first start to see ourselves as HUMAN BEINGS, and the planet earth as HOME, not our individual countries.
————
I am sure you will agree that the world order is destined to change and it’s urgent that humanity gets a way to preserve what’s left on Earth.
In this regard, technology is not a destiny jobs will be for robots and life for people.
The problem is who is the owner of the robots and how do we ensure that we all benefit.
At the moment there are millions wasting their time in useless jobs to scratch a living. Rest assured that capitalism will come up with millions of more useless jobs.
————
Unfortunately, we are not able to act as one, and even if we could there would be no point in becoming mindless drones with no culture.
There would be no point in living because it’ would be all just be one culture with no distinct forms.
The raw reality exposed by the current pandemic is that everyone is only just a human unable to act as one due to greed-driven by unregulated social media and profit-seeking algorithms.
———–
The big question is what can be done?
SOLUTIONS WITHOUT FUNDING, ABOUND ON TED TALKS.
We know that poverty is one of the main driving forces when it comes to any long term perspective to protecting the earth.
Poverty is not due to a lack of knowledge. POVERTY IS CREATED BY SCARCITY, not a personality defect as Maggie Thatcher once said.
As George Orwell said “Poverty annihilates the Future “
You would think by now we would have figured out the reasons for its existence.
ALMOST EVERYTHING NEEDED FOR LIFE IS MADE SCARCE BY APPLYING CAPITALIST PROFIT, TURNING ALMOST EVERYTHING INTO A PRODUCT TO BE TRADED.
SO WHEN ONE IS UNABLE TO ACQUIRE WHAT IS NEEDED DUE TO THE LACK OF CASH YOU HAVE POVERTY. If we genuinely ask why do the poor make so many bad decisions THIS IS THE MAIN REASON.
Till now we have ignored the symptoms of poverty to our cost, and now to the chilling silence of Earth protests, we find ourselves unable to enjoy the Earth we live on.
To date, we have created World organizations without the power of funding that vents verbal warnings, that no one takes heed of unless it is in their own interest to do so
Take Co2 admissions. We continue to pump Co2 into our shared atmosphere. (Earth isn’t the only planet in our solar system with an atmosphere, it is the only one in which we humans can survive.)
It is blatantly obvious that we are not able through our global conversation whether they are online or not due to profit-taking we are not able to establish any solidarity.
A lot of religious people mentioned that there is a leader who is going to save this world and stands for oppressed, poor, and homeless people.
While we are waiting we need to be more creative in our imagination if we want to match the relentless progression of biodiversity loss, climate change, and the other problems facing us all that are going to drive the Scarcity market.
A basic income is an idea that has and is being kicked from pillar to post for years.
Free money for everybody.
Not the welfare state but AN INCOME FOR ALL – UNCONDITIONAL YOU DO WHAT YOU WANT WITH IT.
Where will the cash come from?
( See previous posts. A World Commission of 0.05%)
Of course, no one or anybody is going to take on or take down the holy grail of profit for profit’s sake.
After all, we live in societies that have allowed themselves to be subsumed by greed with ethics still being sacrificed on the altar of turnover and growth at all costs- GDP.
What is truly galling though is how the rot persists, where people cannot see the direct causal link, to overconsumption prompted by the advertising industries.
Profit is not intrinsically bad, but profit for profit’s sake alone is not just bad it’s unimaginably damaging.
Profit has to be extracted in such a way that every partner in the supply chain profits; from the workers to the shareholders, from the local community through to the nation itself.
That means creating a system where people are empowered to speak, where processes are so transparent that nothing can be hidden and where part of those profits is reinvested into those communities to sustain growth and development for generations to come.
So before we find ourselves teetering over the edge of the precipice. We need to speak truth to power when we start to feel discomfited, not when we have already entered the realm of cognitive dissonance or, worse, open and cynical collusion in the Bell Pottinger mode.
We have been gifted by the current pandemic which is yet to reach its apogee. It is daring us not to be paralyzed by our past.
It is offering a chance to find and resolve, to do things differently.
To call out the emperors of technology, when they stride about us in their unabashed nudity to put sustainability at the core of their online and off-line operations.
They are now the praetorian guard of citizen and corporate activists and it is essential in this post-covid-19 economic depression that society should be saved from exploitation.
Unfortunately, they are unable to regulate themselves. This can be done only when the state interferes with total transparency.
Is it not time that all non-essential products are labeled with their carbon footprint.
What is Cash but transparency, in its naked form, creating fair competitions.
All human comments appreciated. All like clicks and abuse chucked in the bin.
BECAUSE The world we now have is a tragic begging world.
WE MUST BECOME PROACTIVE, NOT REACTIVITY.
Because humanity is entering a new age, where we are faced with not only existential risks from our natural environment but by those of our own creation.
Two hundred years ago we didn’t understand the basic causes of a Pandemic.
Because the world is now so interconnected (with a vastly increased population than any time in our history) pandemics have more opportunities not only to spread new diseases but to originate new sources.
Because we are reaching “The Precipice” a time where we’ve reached the ability to pose an existential risk to ourselves, which is substantially bigger than the natural risks, the background that we were facing before.
Because we need to understand our vulnerability and determine what steps must be taken to end this pandemic.
Because just a few years ago more than one bomb was created.
One in the hands of a few decision-makers that could destroy civilization the other the Internet, not in the hands
The current bombs are created by our continuing abuse of the planet we live on. They are not in the hands of deranged dictators or impeached presidents but in the hands of a system of exploitation called capitalism now becoming more and more driven by profit-seeking algorithms.
Because we think everyone’s interests matter equally, approaches to improving the world should be evaluated mainly in terms of their potential for long-term impact.
Because there are vast differences between the effectiveness of working on different global problems we need better global prioritization.
Because as technology improves and the world economy grows or shrinks, it is getting easier to cause destruction on an ever-larger scale.
(New transformative technologies may promise a radically better future but also pose catastrophic risks.)
Because Covid-19 is showing us that there are many available avenues for improving the world, in terms of social value.
Because now there is much uncertainty around the value of specific options.
Because not enough cause prioritization is done, from the perspective of total social welfare.
The reasons are endless.
However to build the new field of ‘global priorities’ and to try to work out which global problems are most pressing and make progress on foundational questions about how best to address them we need to start understanding that just as the fate of gorillas currently depends on the actions of humans, the fate of humanity may come to depend more on the actions of machines than our own.
Rapid progress in machine learning has raised the prospect that algorithms will one day be able to do most or all of the mental tasks currently performed by humans. This could ultimately lead to machines that are much better at these tasks than humans.
(New transformative technologies may promise a radically better future but they also pose catastrophic risks. How one might design a highly intelligent machine to pursue realistic human goals safely is very poorly understood.)
Comparing global problems involves lots of uncertainty and difficult judgment calls.
If AI research continues to advance without enough work going into the research problem of controlling such machines, catastrophic accidents are much more likely to occur. Nonetheless, work on mitigating many risks remains remarkably neglected.
Prioritization research appears to be in its infancy. With common prioritize interventions almost zero it remains impossible to assume some common world values.
Why is this?
Once again the reasons are numerous – but they can be encapsulated in the word inequality, in all its forms.
Causes have to be made before developing a deep understanding of an area that required prioritization – climate change for example.
Covid-19 is shining a light on the need to develop world health versus biological research – which received very little attention up to now.
While billions are spent making AI more powerful, there are fewer than 100 people in the world working on how to make AI safe.
AI could lead to extremely positive developments, presenting solutions to now-intractable global problems, but they also pose severe risks.
Humanity’s superior intelligence is pretty much the sole reason that it is the dominant species on the planet. If machines surpass humans in intelligence, then common beliefs could easily originate from websites.
This is why it is necessary that we create a list ranking of which problems we think are most pressing for people. That promotes civilizational resilience, mitigating great power conflict, or laying the foundations for the governance of outer space.
If you have read this post you could not be blamed for thinking that the idea of creating a new list of global problems is worthless. BUT ALL THE TALK, AND AGREEMENTS IN THE WORLD ARE WORTHLESS UNLESS THEY ARE FUNDED TO BECOME PROACTIVE.
( See previous posts recreating such a fund – 0.005% world Aid Fund, before the current third revolution of Artificial Intelligence, invents the machine with intelligence that far surpasses our own.)
All human comments appreciated. All like clicks and abuse chucked in the bin.
We, humans, live on an ecologically fragile planet with limited resources that must be sustained for future generations we must move humanity to an alternative world system — one committed to social justice, deep democracy, environmental sustainability, a safe climate, and planetary health.
The COVID-19 pandemic contains the fuel for social change – verbal with little imagination as to what to change.
History tells us that social changes can occur quickly once economic, political, social structural, and environmental conditions have reached a tipping point.
Humanity is now obviously at a crossroads or perhaps several crossroads: one is business-as-usual which is sure to result in dystopia; another is a shift to some variant of green capitalism, which is gaining considerable support; and finally an eco-socialist vision that, while muted at this time, will hopefully become stronger as the need for it becomes more apparent to the mass of humanity.
Thanks to Covid -19 the world is off-balance – and it will remain so for years to come.
Far from settling into a ‘new normal’, we should expect a COVID-19 domino effect, triggering further disruptions – positive as well as negative – over the decade ahead.
It has underscored the interconnectedness of our natural, social and economic systems, and provided a stark reminder of the scale of systemic risks that can build up when we allow weaknesses and negative impacts to accumulate over time.
Continuation on the current pathway will, over time, only lead to deeper and deeper crises, including an ever-escalating climate change crisis, the result of growing greenhouse emissions spewed by the capitalist treadmill of production and consumption.
Combating both climate change and global capitalism go hand-in-hand however the raw truth is that Capitalism will certainly not consciously permit the eventual demise of global capitalism and the emergence of an ecosocialist world system promoted by many.
In previous posts, I have advocated that without funding all alternatives will fail whether they are green capitalism and existing climate regimes, including the United Nations Framework on Climate Change, which is not sufficient to mitigate climate change in any serious way.
How can we expect the system that created the problem to solve the problem?
Despite the daunting difficulties that much of humanity currently faces, and will continue to face over the course of this century capitalism today continues unabated to pump Co2 into the atmosphere and will continue to do so after the Climate Summit this year in Scotland. (By the deadline of December 31, 2020, only 70 out of 192 countries had presented their new Nationally Determined Contributions (NDCs): the individual commitments made to fight against climate change.)
One doesn’t have to have to be a delegate to this summit to know that if we manage to get on top of the current Pandemic which is bleeding the coffers of countries endeavoring to save their economies the emissions will triple on returning to anything that looks like normal.
Of course, we will be told that we have learned the lesson that Green is the way forward. It is true to say that the construction of ecosocialism needs to be based upon a commitment to a long-term sustainable balance between sociocultural systems and the natural environment but it is also true to say that the capitalist world system continues to self-destruct due to its exploitative, oppressive, socially unjust, and environmentally unsustainable practices – this will continue with artificial intelligence to plunder the earth for a profit with machining mining called data, fed to machine unregulated algorithm, making us all but powerless.
Ecosocialism constitutes a vision against the mal-distribution of resources on a global scale that capitalism produces is bound to keep alive, notions of social justice and equality, deep democracy, and socialism in oppressed classes.
It is only by spreading the cost of change fairly that we can reinvent capitalism.
We could adopt a universal wage and let people fend for themselves but this won’t change our habits.
It is time to envision future scenarios and strategies for achieving an alternative world system.
Once again here’s how.
Because we live in different cultures, transparency is vital to address the main problem – Inequality in all its forms.
To do this the cost of change has to be spread fairly.
This can only be achieved by making a profit for profit sake contribute.
Not by taxation, IMF loans, foreign aid, or begging charity aid programs.
The UN is now relied upon by the international community to coordinate humanitarian relief operations due to natural and man-made disasters in areas beyond the relief capacity of national authorities alone.
We currently have the technology that maximizes profit and future profit, like high-frequency trading that runs 90% of world stock exchanges.
THERE IS NO REASON NOT TO PLACE A WORLD AID COMMISSION OF 0.05% ON ALL ACTIVITIES THAT ARE NOT SUSTAINABLE TO CREATE A PERPETUAL FUND TO TACKLE CLIMATE CHANGE AND OTHER PRESSING WORLD PROBLEMS.
ALL OF ITS AID WOULD BE GRANTED NON-REPAYABLE.
THIS FUND COULD BE ADMINISTERED BY ELECTED MEMBERS.
ALL PROJECTS OTHER THAN DISASTER RELIEF WOULD BE SUBJECT TO APPROVAL AGAINST A WRITTEN EARTH CONSTITUTION THAT TRULY ALIGNS MARKETS WITH THE NATURAL, SOCIAL AND ECONOMIC SYSTEMS ON WHICH WE ALL DEPEND.
It is about building real resilience, driving equitable and sustainable growth, and reinventing capitalism itself.
PROJECTS THAT MEET THE REQUIRED PERMATERS WOULD THEN BE ELIGIBLE FOR FUNDING.
TO AVOID CORRUPTION AND LOBBYING ALL APPROVED PROJECTS ARE PLACED IN A TELEVISED YEARY DRAW.
50,000 – 100,000
100,000 – 250,000
250,000 – 500,000
500,000 – 1 MILLION
1 MILLION AND GREATER.
Here is a suggestion that could be funded.
Products Labeling.
Marketers use labeling for their products to bring identification to impart information to the consumer about the product. They allow customers to know about the item and give necessary messages including ingredients, instructions, and uses.
Why not their carbon footprint with a symbol showing their contribution to Carbon emissions.
Human and nonhuman, have a natural right to sustenance.
( See the previous posts on a world aid commission.)
All human comments and imagination appreciated. All like clicks and abuse chucked in the bin.
IF THERE IS ANYTHING TO LEARN FROM COVID IT IS THAT WE HUMANS MUST CHANGE THE WAY WE LIVE COLLECTIVELY AND INDIVIDUALLY ON THIS PLANET.
CURRENTLY, WE ALL LIVE WITHIN IDEOLOGIES THAT ARE BROKEN.
SOME VISIBLE SOME NOT.
(An ideology (/ˌʌɪdɪˈɒlədʒi/) is a set of beliefs or philosophies attributed to a person or group of persons, especially as held for reasons that are not purely epistemic, in which “practical elements are as prominent as theoretical ones.” Wikipedia.
There are many different kinds of ideologies, including political, social, epistemological, and ethical.
“We do not need…to believe in an ideology. All that is necessary is for each of us to develop our good human qualities. The need for a sense of universal responsibility affects every aspect of modern life.” — Dalai Lama.
“The function of ideology is to stabilize and perpetuate dominance through masking or illusion.” — Sally Haslanger
“[A]n ideology differs from a simple opinion in that it claims to possess either the key to history or the solution for all the ‘riddles of the universe,’ or the intimate knowledge of the hidden universal laws, which are supposed to rule nature and man.” — Hannah Arendt)
At the root of all these ideologies is the value of money.
HOW IT IS ACQUIRED AND DISTRIBUTED IS WHAT NEEDS TO BE CHANGED.
A religion may present a vision of a just society, but it cannot easily have a practical political program with or without money.
All idea systems have a class basis. This class bias is defined by the acquisition of wealth in one form or another – assets, power, etc. Nither however can any longer dominate the state through an appeal to the populace, and then use the powers of the state to control both the economy and the private lives of the citizen’s work.
No longer can politics itself, acquire certain ideological characteristics whose true nature is concealed.
All forms of isms that belong to the 19th or 20th century may suggest that ideologies are no older than the word itself—that they belong essentially to a period in which secular belief increasingly replaced traditional religious faith.
So let’s ask the question.
Where are we?
In terms of truth we now in a world both connected and disconnected in the extreme sense of the word connected.
IT IS CLEAR THAT THE WORLD NEEDS TO MOVE BEYOND SLOGANS.
A system that rewards those with capita while taxpayer’s money is used to support food banks for those out of work is not sustainable.
The economic injustices are plain to see with historic debt the inheritance of the young along with irreversible climate change and biodiversity collapse.
We now need an ism that shifts human values to a different set of values by placing the earth’s healthy existence at the forefront of all our values.
WE MUST NOT ONLY CONFRONT OUR MISUNDERSTANDINGS OF THE NATURAL WORLD WE MUST USE KNOWLEDGE NOT AS A MEANS TO CREATE WEALTH BUT AS A GLOBAL UNDERSTANDING WHERE WE ARE AT.
WE CAN NO LONGER STAND BYE AND WATCH BIG TECH MONOPOLIES COMPANIES SWALLOW WHAT IS LEFT OF COMPETITION.
WE CAN NO LONGER STAND BYE AND WATCH A MARKET PLACE THAT CREATES WINNERS AND LOSERS ON THE BASES OF WEALTH.
WE CAN NO LONGER WATCH WORLD ORGANISATIONS GOVERNED BY VETOES.
WE ALL DEPENDENT ON EACH OTHER AND OTHERS AND MUST COLLABORATE WITH ALL THAT SURROUNDS US.
No longer is it possible for any system whether it’s socialism, communism, anarchism, fascism, nationalism, liberalism, and conservatism to be FREE OF INTERFERENCE FROM ARTIFICIAL INTELLIGENCE, MACHINE LEARNING, AND UNCONTROLLED ALGORITHMS.
THESE TECHNOLOGIES IN THEIR PRESENT STATE ARE SIGNALING THAT INTERPRETATIONS OF IDEOLOGIES ARE OUT OF DATE.
You only have to look at the world to see the inequalities created by the pursuit of growth at any cost. This pursuit has turned all of earth’s resources into products to produce more products sold in a marketplace governed by short term profit.
No longer is it possible to take fresh air, fresh water for granted.
If we don’t want a world where from birth to death is viewed as an opportunity to exploit our weaknesses and essential needs to live out our lives in the first place, we need AN NEW IDOLOGIE CALLED REALISM, NOT ESCAPISM, NOT APATHY, OR ANY MONOTHEISM, OR NEOREALISTS
“ Rather a collective meanings that constitute the structures which organize our actions.”
There is only one solution.
That is as advocated by this blog in several posts to Harness PROFIT FOR-PROFIT SAKE.
High-frequency trading with algorithms, sovereign wealth funds buying earth resources – land, water, energy, futures/ hedge funds – betting on demand, currency exchanges manipulating value, trade deals excluding fair trade, the list is endless.
ALL ACTIONS THAT ARE NOW REQUIRED TO CHANGE COURSE REQUIRE FUNDING.
A 0.05% WORLD AID COMMISSION ON ALL ACTIVITIES THAT ARE NOT SUSTAINABLE WILL CREATE A PERTUTIAL FUND OF TRILLIONS TO CREATE A WORLD THAT’S WORTH LIVING ON.
There is one thing for certain change is happing but the window for change is closing.
Climate change is not something that might happen in the future.
We need a new relationship, to a more sustainable relationship with the natural world.
Creative imagination is what’s required so if you read this post let’s hear your comments.
All of them are presenting overwhelming challenges ahead.
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