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Category Archives: Inequality.

THE BEADY EYE SAYS. 2022 WILL BE THE YEAR OF DIASTER CAPITALISM.

31 Friday Dec 2021

Posted by bobdillon33@gmail.com in #whatif.com, 2022: The year we need to change., Climate Change., Digital age., Disaster Capitalism., Disasters., Environment, Extermination., Fourth Industrial Revolution., How to do it., Human Collective Stupidity., HUMAN INTELLIGENCE, Humanity., Imagination., Inequality., Life., Money in Politics., Natural World Disasters, Our Common Values., POST COVID-19., Privatization, Purpose of life., Survival., Sustaniability, Technology v Humanity, The common good., The essence of our humanity., THE NEW NORM., The Obvious., The pursuit of profit., The state of the World., The world to day., THIS IS THE STATE OF THE WORLD.  , Transition period or Implication period., Unanswered Questions., We can leave a legacy worthwhile., Wealth., What Needs to change in the World, Where's the Global Outrage., World Aid., World Economy., World Leaders, World Organisations., World Politics

≈ Comments Off on THE BEADY EYE SAYS. 2022 WILL BE THE YEAR OF DIASTER CAPITALISM.

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Capitalism and Greed, Capitalism vs. the Climate., Climate change, Coronavirus (COVID-19), Distribution of wealth, Extinction, Global warming, Post-Covid-19, The Future of Mankind, World aid commission

 

( Fifteen-minute read) 

When I first started looking at disaster capitalism, it was in the context of warfare and counter-terrorism, now it’s privatized exploitation of  Pandemics and Climate Change. 

During a major crisis, regular people are understandably focused on the everyday challenges of surviving. They rarely can also worry about private industries pushing local policy proposals that might negatively impact their lives never mind cashing in on Pandemics and Climate change.

Pandemics might be avoidable in the future but what is unavoidable is a Future Climate that stands to send more unprecedented emergencies, inconsistency, and destruction our way.

(Though it’s still feasible to prevent the planet from becoming completely uninhabitable, saying its crunch time is a massive understatement.)

They both provide the very conditions that give rise to disaster capitalism, which is developing more frequently with more companies and wealthy ‘Philanthropists’ seeing both as a growth sector, not to mention Sovernity Wealth Funds which are investing in everything from drinking water to you name it.

Why? 

Because they stand to make substantial financial returns for their beneficiaries and if managed properly could be contributing to sustainable development in a meaningful way. However, a deeper understanding of the drivers and influences of investor organizations is required to mobilize their capital effectively. 

Globally, sovereign wealth funds (SWFs) are a major source of capital that has the potential to invest for the long term in sectors that desperately need it. While Philanthropists donations usually only represent 0.05% of the billion accumulated.

(A fraction of the spoils of neoliberal tech capitalism, in the name of generosity, do not try to address the problems of wealth inequality which is created by a social and an economic system that allowed those spoils to accrue in the first place. They are small contributions to a large problem that were created by the success of the industry he or she is involved in.)

List of Top 8 World's biggest Philanthropists in 2021                                ————————-

Let’s put a magnifying Glass Philanthrocapitalism.

Philanthropy serves to legitimize capitalism, as well as to extend it further and further into all domains of social, cultural, and political activity.

Now don’t get me wrong.

Their donations are welcome, however, they are not the simple act of generosity they pretend to be. In this greedy world, it is good to see wealthy individuals repaying to help fix problems that their companies have often caused in the first place.

The risk of philanthrocapitalism is a takeover of charity by business interests, such that generosity to others is appropriated into the overarching dominance of the CEO model of society and its corporate institutions.

Today, large organizations can amass significant economic and political power, on a global scale, and essentially, what we are witnessing is the transfer of responsibility for public goods and services from democratic institutions to the wealthy, to be administered by an executive class.

When this happens what we witness is, on one hand, is exploitative of labor practices or corporate malpractice being swept under the carpet while the donator is accruing significant commercial, tax, free publicity, and political benefits.

Democracy is sacrificed on that altar of executive-style empowerment. 

The nature of this apparent charity should be openly questioned from the outset.

Because this reformulation of generosity – in which it is no longer considered incompatible with control and self-interest – is a hallmark of the “CEO society”: A society where the values associated with corporate leadership are applied to all dimensions of human endeavor.

What it does suggest, however, is that when it comes to giving, the CEO approach is one in which there is no apparent incompatibility between being generous, seeking to retain control over what is given, and the expectation of reaping benefits in return.

  What can be done?

As historian Mikkel Thorup explains, philanthrocapitalism rests on the claim that “capitalist mechanisms are superior to all others (especially the state) when it comes to not only creating economic but also human progress, and that the market and market actors are or should be made the prime creators of the good society”.

Now take Climate change which is going to take trillions to combat.

As global warming augments cycles of fire, flood, hurricanes, and viral mutations, we learn to live in anticipation, from emergency to emergency, sometimes even before the deaths have occurred.

Disaster capitalism and philanthrocapitalism will not work to revert the outcomes of Climate Change nor will technology, the unloving God. 

Why? 

Because Capitalism has turns everything including us into a product to be traded, resulting in most of the wealth in the world now owned by 1% of its population. 

Before ( not too long ago ) there were Markets now we have Market Societies thanks to the buying of shares and trading them, complements of the British Indian Company.  So a society that is organized around the principle that companies should not be prevented from making things that kill people must also accept as ‘normal’ that many people will die in large numbers from these things.

 But what makes something a disaster?

Certainly what makes a disaster is when the victim is humanly itself.

From epidemiological forecasters to genetic epidemiologists and computational and zoonosis biologists — are the new oracles upon whose prophecies financial markets rise and fall but the awaiting climate disaster will expose a world characterized by gross inequality that is getting worse and worse, year by year.

From the perspective of disaster capitalism, we might say that what makes COVID-19 a disaster is its arrival in woefully underinsured countries, unhealthy populations.

If we had a healthier population, would COVID-19 be considered a disaster? Possibly or perhaps not. To be sure, the virus is deadly, but like other disasters, the actual arrival of COVID-19 magnifies pre-existing vulnerability in ways that also figure in the calculus of disaster capitalism.

The uneven way the climate crisis will continue to impact certain countries. If private interests are already prepped to engage in disaster capitalism, those devoted to building a better world should be prepared with alternatives.

There is no such thing as a ‘natural disaster.’ There is also no such thing as a natural or certain response. But there is preparedness.

THE PROBLEM IS THAT WITH CAPITALISM IT IS UNABLE TO TACKLE SITUATIONS THAT ARE NOT TRADABLE.

As money materialized from fresh air the essentials for life will be traded – freshwater- energy- food- healthcare – education – data – etc. 

We must arm ourselves with knowledge, and laws that ensure transparency. 

What we have at the moment is the transfer of power to technology which we know sweet fuck all about with no regulations. 

Unrivaled power.

One only has to look at Jeff Bezos, the Bransons, the Mark Zuckerberg’s, Apple, Google, etc.

We all work for one or the other for free while they entertain themselves blasting off to space with friends and worthless actors in giant phallic symbols of power. 

However, the real story will unpack differently long before anyone lives on another planet. It will be how our mental well-being – is impacting every facet of our lives.

The total mortality from COVID-19 on a global scale is as yet unknown, but we have been thinking of it as a disaster for weeks now.

What exactly is the disaster, then?

Pandemics have become a dominant framework through which government and financial resources are mobilized in Global Health.

There’s been a lot of dithering about whether or not COVID-19 is a disaster, meanwhile, inequality is growing, and both corporations and the wealthy find ways to avoid the taxes that the rest of us pay.

There is the virus, and then there is the societal reaction of bringing our entire fiscal and economic infrastructure to a near-complete standstill.

Morbid diseases that persist as chronic forms for years but eventually kill more people to seem less like disasters.

It’s not a moment to sort of sit on the sidelines and hope for the best.

We all appreciate with the current pandemic that some are making hay while the sun shines, at our expense. Unfortunately, there is little point in getting the Jabs, to extend your time on earth if the earth itself is dying and what remains is been turned into trading products.

You’ve got to fight for your vision of for-profit corporate solutions that may succeed in creating company profits but ultimately fail in terms of democracy, fairness, and justice.

Conclusion:  

To address the problems with greed and power create, we must create equality and this can not be done in a Profit-seeking Capitalist way of trading our way out of the pending disasters.  Wall Street will never close.  

So here is an idea that might help.

Non-Trading Capitalism.  

Green non-tradable bonds to be issued online at a global scale, with guaranteed percentage returns, with a yearly prize draw.

Or

Place a 0.05% World Aid Commission on all tradable financial instruments. (see previous posts) 

Either of the above could be implemented with the click of a switch ensuring a perpetual source of disaster non-profitable funding. 

Both would create trillions and allow fairness and involvement of us all.

It is perhaps worth remembering that capitalism, like its alternatives, is an adaptation to circumstances. It is not a virtue, not a standard for judgment, not a measure of right or nobility. It’s just another ‘ism’

All human comments are appreciated. All like clicks and abuse chucked in the bin.

 

 

 

 

 

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THE BEADY EYE ASKS. WILL THE WORLD OF TECHNOLOGY GET RID OF INEQUALITY.

29 Friday Oct 2021

Posted by bobdillon33@gmail.com in 2021. The year for change., Afghan War., Algorithms., Artificial Intelligence., Capitalism, Climate Change Summit Scotland 2021, Climate Change., Environment, Green Energy., Human values., Humanity., Inequality., Our Common Values., Post-Covid-19, Technology v Humanity, Technology., The common good., The essence of our humanity., The Obvious., The pursuit of profit., The state of the World., The world to day., Trade Agreements., Unanswered Questions., We can leave a legacy worthwhile., Wealth., What Needs to change in the World, Where's the Global Outrage., WORLD POVERTY WHERE'S THE GLOBAL OUTRAGE

≈ Comments Off on THE BEADY EYE ASKS. WILL THE WORLD OF TECHNOLOGY GET RID OF INEQUALITY.

Tags

Capitalism vs. the Climate., Climate change, Distribution of wealth, Extinction, Inequility, Technology, The Future of Mankind

(Thirteen-minute read)

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.How Technology Ends Inequality

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.  

                                         __________________

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.

 

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THE BEADY EYE SAY’S. OUR WORLD IS ON FIRE IN MORE WAYS THAN ONE.

08 Sunday Aug 2021

Posted by bobdillon33@gmail.com in 2021. The year for change., Climate Change Summit Scotland 2021, Climate Change., Communication., Cop26., CORONA VIRUS., Environment, Human Collective Stupidity., Human values., Humanity., Inequality., Natural World Disasters, OLYMPICS GAMES., Post-Covid-19, Survival., Sustaniability, Technology v Humanity, Telling the truth., The common good., The essence of our humanity., The Future, THE NEW NORM., The Obvious., The state of the World., The world to day., Truth, Unanswered Questions., VALUES, We can leave a legacy worthwhile., What Needs to change in the World, Where's the Global Outrage.

≈ Comments Off on THE BEADY EYE SAY’S. OUR WORLD IS ON FIRE IN MORE WAYS THAN ONE.

Tags

Capitalism vs. the Climate., Cop26., Earth, Global warming, Inequility, The Future of Mankind

 

 

(Five-minute read) 

While we watched a postponed Olympics game unfold in Japan with barely one in 10 Japanese wanting it to happen, a pandemic is exposing gaps with graphic honesty in a  world that has long been overdue for systemic reform of its economic, social, and technological structures.

All require a global-to-local response and long-term thinking; all need to be guided by science and need to protect the most vulnerable among us, and all require the political will to make fundamental changes when faced with existential risks.

Beyond the obvious short-term impacts of climate change and Covid (such as loss of life, a profound hit to economic and social activity), both are casting a long shadow into the future. 

If we remain passive and ununited to the emerging risks, we may lose a historical opportunity to shape the new normal that we want, rather than the one we would be left with.

At the moment the economic risks dominate perceptions, with a prolonged global recession a top concern.

However, if either Covid-19 or Climate change eclipses sustainability on the public agenda where are we then.

What we will be left with are critical non-economic risks concerning the sustainability of life on earth and all that live on it.

On the environmental front, even with an expected 8% drop in global emissions for this year, the world would still miss the 1.5°C targets to avoid a planetary catastrophe.

If we are to truly recover from the pandemic and its impacts, then it will not be about putting things back together to how they were –we are in the midst of a historic event that will change many aspects of our world.

The long-term societal impacts of both, such as an exacerbation of inequality and changes in consumer behaviors, the nature of work, and the role of technology – both at work and at home – will change our way of life forever, for us as individuals, as a workforce, and as a society.

We were unprepared for Covid that was predictable. We are not preparing for Climate change that will create substantial societal consequences for the long term, now being felt by people worldwide. 

There is one thing for certain our attitudes towards traveling, commuting, and consumption will change employment prospects.

So what lessons can we distill, that can feed into your own future scenario, resilience, and business continuity planning?

Profit for profit’s sake will have to be regulated.

No longer can businesses plunder the earth for finite resources to produce worthless short-term material satisfaction. We know that we will have to build back better and address deep systemic vulnerabilities that have been allowed to develop over the last decades.

  • Left unchecked, there is a real risk that inequalities and social deprivation will increase

Therefore, the challenge to return to the ‘new normal’ is as much a psychological as an economic choice.

The timing and speed of the economic recovery, dependent as it is on solving the health crisis, is likely to exacerbate inequality, mental health problems, and lack of societal cohesion. It is also likely to widen the wealth gap between young and old and pose significant educational and employment challenges that risk a second lost generation.

A golden rule of politics is that the timing of a decision is almost as important as the decision itself.

“Timing is everything”, but it is also the element that is hardest to get right.

Of course, we need to focused on the climate, sustainability, and on societal risks, such as inequality, mental health, the lack of social cohesion and inclusion. If we do not do this, then the gaps in inequality – especially financial – are likely to remain and increase destroying all efforts of a green economy, a sustainable economy, or any other form of the economy whether it is socially driven or ever man for himself.   

We are already seeing record levels of unemployment due to lockdown measures, to control transmission and are re-learned hard lessons, particularly that social deprivation determines health outcomes.

So it is time for preparation, for a world of shocks which is likely urging to ramp up economic activity, regardless of impact, to recover at any cost.

Much depends on what governments, societies, and businesses will do next. This should be a long-term change in attitude in the historic public vs private debate.

I urge you to take the time to weigh the potential risks and benefits based on your situation before making a decision you could regret for the rest of your life.

We must draw on all our strengths to build back a better world.

 It’s time for all avenues of communication to be taking the lead.

The New Normal is knocking at the door and the door is already open.

Change is simple and it’s not easy.

Step 1: Do you want to change?

Step 2: Do you know how to change?

Step 3: Are you willing to give a change time?

Anyone who has ever changed has gone through the process. We need all three steps, and if we miss one, we get none.

The new normal in the end will look like we want it to look.

The life you thought was boring, is the life you’re hoping to get back to right now.”

Ultimately, public health is a political choice. A choice we are now confronted with, and one we will have to make over and over again as we transition to a more resilient, zero-carbon, just, and healthier future.

 Hopefully, hold on to that sense of shared humanity. 

All human comments are appreciated. All like clicks and abuse chucked in the bin.

 

 

 

 

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THE BEADY EYE ASKS. WHAT IS BORROWING? WHAT IS MONEY?

22 Friday Jan 2021

Posted by bobdillon33@gmail.com in 2021. The year for change., COVID-19, Human values., Inequality., POST COVID-19., WHAT IS BORROWING?, WHAT IS MONEY?, What Needs to change in the World

≈ Comments Off on THE BEADY EYE ASKS. WHAT IS BORROWING? WHAT IS MONEY?

Tags

Coronavirus (COVID-19), COVID-19, Governments borrowing, Money and power., Money of the future, VALUE FOR MONEY, When Money Talks, World Economic Depression.

 

(Fifteen-minute read)

 

As you know the workings of the world of finance are screaming compilated.

All money is created as debt and destroyed when repaid.

Money originated as commodity money, but nearly all contemporary money systems are based on fiat money. ( Fiat money does not have intrinsic value and does not have use-value.) 

It has value only because a government maintains its value, or because parties engaging in exchange agree on its value.

There are three major theories regarding the origin of money:-

1 Money was created for trading purposes;

2 Money was created for social purposes;

3 Money was created for religious purposes.

Money is an unconditional means of payment, a token for wealth, worthless of itself, but symbolizing wealth because it is enshrined in law. It is then administered by Governments as a public resource, for and on behalf of the People.

Money today has no connection with earthly resources, and actually many earthly resources are diminishing while money (or at least the number on the pieces of paper) gets bigger and bigger.

I think we’d soon find out how money has stopped us from appreciating the true value of the earth we live on.

In the coming years, we need to get this reality of money out to everyone.

I imagine the scenario whereby ‘money’ in its present form disappeared in a flash, there would be no physical change in anything, just a lot of renegotiation.

With Facebook’s Libra looming on the horizon and the Covid-19 pandemic further depressing the use of physical cash perhaps it’s time for Central Bank digital currency (CBDC) to be introduced.

To give policymakers more effective tools to support the economy, particularly during times of crisis, while maintaining financial stability. Allowing central banks to distribute newly created public money directly to citizens rather than going through financial markets. 

What happens if the world does not return to normalcy within, say, a few years?

If so, governments will find themselves writing enormous cheques every month to sustain comatose economies. If that happens, all bets are off.

The bottom line is, we are not at the mercy of just a virus but a world economic depression with governments issuing epic amounts of debt. For now, confronted by an overwhelming emergency, governments have little choice but to engage in deficit spending on a giant scale, embarking on one of the greatest peacetime borrowing binges in history.

This is and should be raising many questions when it comes to borrowing, severely tests the question of how much the governments can borrow.

Apart from the tragic human consequences of the COVID-19 coronavirus epidemic, the economic uncertainty will likely cost the global economy trillions. 

In fact, the urgent question isn’t whether countries can afford to take on more debt. It’s whether they’re taking on enough debt to fund the stimulus programs necessary to avert an even deeper downturn.

There’s a degree of anxiety now that’s well beyond the health scares which are very serious and concerning. No matter how expensive an outpouring of government aid may seem right now, it is cheaper than dealing with a depression down the road.

After all, it consists of one arm of government creating money in order to buy debt issued by another arm of government,  which looks perilously close to a shell game in which central banks monetize government debt and distort markets. 

The amount a government can borrow depends on many factors, such as

  • Does it print its own currency?
  • Do markets trust the government to maintain low inflation and not default?
  • What is the interest rate on government bonds?
  • What is the state of the economy?
  • What is the purpose of government borrowing?
  • To what extent is the government borrowing from domestic or foreign investors?

Should we worry about the long-term effects of this new borrowing?

Without question, the new debt will leave taxpayers with a significantly larger burden to carry in years to come.

Some commentators believe debt-challenged governments may eventually be forced to go even further and turn to “helicopter money,” a maneuver in which central banks would simply create money, without issuing any corresponding debt, and the government would funnel the new cash to people and businesses.

The lender of last resort.

If there is no lender of last resort. 

The nightmare scenario where the virus continues to suffocate the global economy for a year or more would lead to the unpardonable sin of blurring the distinction between fiscal and monetary policy.

Disaster Capitalism.  

But until we win the battle against COVID-19, and revive our battered economies, we are in uncharted territory. Best to not rule anything out.

The economic impact of the COVID-19 coronavirus will be different than anything we have seen before. 

This is the calm before the storm.

How far can a currency fall before the government has to protect its citizens from the effects of a worthless currency? 

STIMULUS DOES NOT NECESSITATE EXTRA DEBT.

Money should become Man’s servant rather than his master.

In fact, central banks act as a broker between the governments and private bankers who lend the nation its own national currency at interest.

It does this by issuing gilt-edged bonds.

Markets are allowing all the major countries to borrow plenty at ultra-low rates of interest, underpinned by Central Banks buying up a lot of the debt.

This only has to change where inflation picks up, which so far it has not.

Inflation reduces the real value of the government debt, but, that means people will be less willing to hold government bonds.  

Inflation will require higher interest rates to attract people to keep bonds. In theory, the government can print money to reduce the real value of debt; but existing savers will lose out.

If the government creates inflation, it will be more difficult to attract savings in the future.

But in an economic depression, inflationary pressures vanish so it is much easier to finance a deficit by borrowing.

So do government debt and deficits don’t matter.

2021 will be the first year where the three main economies or trading blocs of the world – the US, the European Union (EU), and China – will refocus their efforts on fighting climate change.

Can the world afford this avalanche of new borrowing?

With the coming economic depression and the need to redefine our association with nature, while addressing climate change, and getting control of the pandemics there is no choice. 

It sticks out like a sore thumb if we are to win the war against this virus inequality has to be addressed by paying for the protection of our ecosystems.

In other words, to make it less profitable to destroy rather than to create. 

This can be achieved without the need to borrow with the technology we have at our disposal by placing a 0.05% World Aid Commission on all activities that generate profit for profit’s sake. ( See previous posts) 

All human comments appreciated. All like clicks and abuse chucked in the bin.)

 

 

 

 

 

 

 

 

 

 

 

 

Once society gains control of the issue of money, it cannot let the bankers issue money ever again. 

 

 

providing a safe public form of money and breaking the oligopoly that banks currently have on the digital money and payments system.

 

It does need standards and global agreements but the potential advantages clearly outwiegh the disadvantages.

endorsed digital currency is the way forward> this potentially is a great (and cheaper) way to distribute money to where its needed and this is more importnat than ever right know for obvious reasons.

Created money is already inflationary,

 


BORROWING COMES IN FORTY SHADES OF GRAY

a surge in misleading and unsubstantiated medical advice since the Covid-19 outbreak.

The first is that borrowing has been historically high in recent years following the financial crisis in the late noughties,

the deficit

GDP reflecting the need to spend and borrow to win the war.

Bank of England is buying in substantial quantities of the debt.

There is no need to count the interest paid on the debt owned by the Bank of England, as taxpayers and government get that receipt.

The debt taken on by the UK now has to be serviced by the following generations. And what are they getting in return for that debt? Just about nothing.

Quantative easing, which is bond buying by central banks

as it’s known in the jargon –

 

Covid is going to be around in the world for decadesa

possible total deficit of £7 trn by 2050.

By hoovering up domestic bonds, these central banks are creating artificial demand for bonds and thereby driving down interest rates (which move in the opposite direction to bond prices).

Central banks’ balance sheets are expanding furiously as they gobble up government bonds and other forms of debt.

 

 

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THE BEADY EYE SAY’S. IF YOU LOOK AROUND YOU AT THE PRESENT STATE OF THE WORLD YOU SHOULD NOT BE FORGIVEN FOR FEELING DISPARE.

17 Sunday Jan 2021

Posted by bobdillon33@gmail.com in 2021. The year for change., Algorithms., Artificial Intelligence., Capitalism, Climate Change., COVID-19, Dehumanization., Digital age., Disaster Capitalism., Earth, How to do it., Human values., Humanity., Imagination., Inequality., Life., Modern day life., Our Common Values., POST COVID-19., Poverty, Robot citizenship., Social Media Regulation., Stimulus package., Survival., Sustaniability, Technology v Humanity, The common good., The essence of our humanity., The Obvious., The state of the World., The world to day., Unanswered Questions., Universal Basic Income., We can leave a legacy worthwhile., What Needs to change in the World, Where's the Global Outrage., World Aid.

≈ Comments Off on THE BEADY EYE SAY’S. IF YOU LOOK AROUND YOU AT THE PRESENT STATE OF THE WORLD YOU SHOULD NOT BE FORGIVEN FOR FEELING DISPARE.

Tags

Capitalism and Greed, Climate change, Distribution of wealth, Global warming, Inequility, Technology, The Future of Mankind, Visions of the future.

 

(Fifteen-minute read) 

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.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

while we pump CO2 in

https://youtu.be/aIL_Y9g7Tg0

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THE BEADY EYE ASK’S. IS IT SHAME ON YOU ENGLAND.

28 Saturday Nov 2020

Posted by bobdillon33@gmail.com in #whatif.com, 2020: The year we need to change., Aid, Civilization., Climate Change., Foreign Aid., G20., G7., GDP., How to do it., Humanity., Inequality., Our Common Values., Politics., Post-Covid-19, Poverty, Sustaniability, The art of a handshake., The common good., The Obvious., The state of the World., The world to day., VALUES, We can leave a legacy worthwhile., What Needs to change in the World, Where's the Global Outrage.

≈ Comments Off on THE BEADY EYE ASK’S. IS IT SHAME ON YOU ENGLAND.

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A 0.05% WORLD AID COMMISSIONS, Aid, Capitalism and Greed, Community cohesion, Development Aid., Distribution of wealth, Foreign Aid., The Future of Mankind, Visions of the future.

 

 

(Six-minute read) 

 

Here is a nation that made its wealth from an Empire that exploited most of the world.

Victoria

It is now leaving the European Union which was set up with the aim of ending the frequent and bloody wars between neighbors. 

Reneging on its commitment to spend 0.07% of its gross national income on foreign aid because charity begins at home.

In the middle of a financial meltdown,  turning its self into a parochial country on the world stage.

Agreed a four-year £16.5bn surge in defense spending in the middle of a pandemic, while 1.9 million of its people are relying on a food bank.   

Spending around 160 billion to save 30 minutes by rail from London to Birmingham. (Creating around 30,000 temporary jobs.) While by this time next year there is every likelihood that its unemployed will reach 3 million must of which will be under 25 years of age. 

Aid is a fundamental reaction of most individuals when they see or hear of someone in need. 

This is why we have appeal’s from saving a donkey to save a penguin to save a child to donate to cancer research to donate to the poor to donate blood to relieve famine. 

It is true that aid on an individual basis comes in many forms with countries’ government foreign aid reflecting our collective compassion.

It is also true that Aid is sometimes abused both by the recipient and the giver.          

Perhaps the toxic environment caused by the excesses of the tabloid media over the last 30 years and now social media has something to do with our harding attitude that Aid starts at home. But with our inability to act as one on climate change we will all have to become better at emergency aid and rather worse at development aid.

Indeed financial aid over the last 30 years or so has proved to be  “an excellent method for transferring money from poor people in rich countries to rich people in poor countries.” However, in the long run when it comes to aiding it’s cheaper to send them the money rather than them having to come to claim it.

Aid politicized economies and therefore it often comes with a price of its own. 

Rich nations use aid as a lever to open poor country markets to their products and create beneficial trades with aid amounts being dwarfed by rich country protectionism that denies market access for poor country products.

Britain and the USA only believe in free markets that work in one direction.

Aid may be bilateral and multilateral if it is bilateral happens when: the given is from one country directly to another; and multilateral: when is given by the donor country to an international organization such as the World Bank (WB) or the United Nations Agencies (UNDP, UNICEF, UNAIDS, etc.) which in many cases they are the ones who distribute it among the developing countries.

The proportion is currently about 70% bilateral 30% multilateral, according to the World Bank statistics.

Even though the relationship between globalization, development, poverty, and foreign aid is not always clear, as long as the poorest countries are not integrated to work in their own development process, the world has not benefitted or learned from globalization especially from developed neighbor countries, who can give support in many conditions to work from the same goal, the success of development.

Paradox as aid to Africa has grown, the continent has actually become poorer rather than better off.

Of all the aid given to developing countries the smartphone allowed trade to take place without a middle man, and to know the market price has done more than all the billions.

Trade, not aid, it doesn’t have to mean money all the time.

Trade has a long-term impact on international co-operation.

Trade helps developing countries to maintain their dignity,

Trade establishes a strong impression in the international market, 

Trade promotes the economical improvement of the country 

Trade requires investment first.

Trade is treated as an inefficient distributor of resources. The benefit of trade is mostly confined to an elite group of people in the country.

Thoughtful aid can de accelerate this process.

It is not so much trade vs aid – but what quality and type of aid are given.

But more importantly for us to see the difference it makes.  We should be aiding poorer countries to do things themselves, not doing things for them.

( See the previous post on the Solution on how to finance and distribute Aid while maintaining the Mantra Charity starts a home.)  

It seems the brightest people are no longer attracted to politics. 

John Donne wrote in “For Whom the Bell Tolls”: “No man is an island, every man is a piece of the continent, a part of the main.

All human contributions appreciated. All like clicks and abuse chucked in the bin.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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THE BEADY EYE SAYS. CASH IS OXYGEN IN A PANDEMIC AND ECONOMIC DEPRESSION

23 Friday Oct 2020

Posted by bobdillon33@gmail.com in 2020: The year we need to change., Algorithms., Artificial Intelligence., Climate Change., COVID-19, Democracy, Digital age., DIGITAL DICTATORSHIP., Disconnection., Economic Depression., Face Recognition., Fake News., Fourth Industrial Revolution., How to do it., Human values., Humanity., Inequality., Life., POST COVID-19., Purchasing Power., Reality., Sustaniability, Technology, Technology v Humanity, The common good., The Obvious., The pursuit of profit., The state of the World., The world to day., Unanswered Questions., Universal Basic Income ., VALUES, WHAT IS TRUTH, What Needs to change in the World, Where's the Global Outrage., World Economy.

≈ Comments Off on THE BEADY EYE SAYS. CASH IS OXYGEN IN A PANDEMIC AND ECONOMIC DEPRESSION

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Algorithms., Artificial Intelligence., Big Data, Capitalism and Greed, Community cohesion, Coronavirus (COVID-19), Distribution of wealth, Inequility, Technology, The Future of Mankind, Visions of the future.

 

 

(Three-minute read) 

 In these extraordinary times, I am sure I speak for world citizens that we count on our leaders to bring out their statesmanship and have the courage and imagination to think and work together to fight this pandemic in equally extraordinary ways.

We may be about to face the perfect storm:

 A humanitarian disaster, global recession, severe de-globalization, the crash of healthcare systems, social breakdown, conflicting nationalism not forgetting the power of AI, and its algorithms all point to the need for value realignment.

 Many of the issues have a history of a basis. So potential risks and ways to approach them are not as abstract as we may think.

 How do we actually design a new system that can understand and implement the various form of preference and values of a population?

 The ideal system is, of course, a balance between all the needs of the numerous stakeholders the people, and the earth we all live on.

 So how do our societies reconcile their own historic aspirations while we are struggling with a world of ARTIFICAL INTELLIGENCE that is isolating us all into data?  

 Neither China nor the US, Iran, Indonesia, or any country can insulate themselves from what is to come.  COVID-19 should be the exception to — not the extension of –geopolitical rivalry. It should be an opportunity to recover trust rather than advance mistrust. 

 HOWEVER, WHAT WE WILL WITNESS IS OUR COLLECTIVE INABILITY TO ACT AS ONE. (DUE TO A MENSTRUUM OF REASONS FAR TO LONG TO ADDRESS HERE.)

 From what we see to date: 

With the erosion of democratic institutions, with the rise of the right, loss of jobs, false news, rising inequality, foodbanks, our inability to tackle Climate change, stop wars, without any robust mechanisms of oversight and accountability for Profit-seeking algorithms there seems little hope for future generations.

Artificial intelligence now embedded in our daily lives has still to show empirical evidence that validates that AI technology will achieve a broad base of social benefit we aspire to.

We need a community of researchers worldwide to really understand the range of potential harms that AI systems pose.  The use of data, machine learning, their applications to society – Face recognition -Track and Trace- all in use without any regulations. 

Therefore there is only one solution to the problems facing us all and that is the introduction of a basic living wage for all. 

Why?“

Because Cash is the best thing you can do to improve health outcomes, education outcomes, and lift people out of poverty. It’s the only solution to an economy where a small group of people is getting very, very wealthy while everyone else is struggling to make ends meet.

It would remove the problem with existing welfare programs that keep people below the poverty line a form of structural inequality.

It would also cost governments less simplifying welfare programs. 

A guaranteed income would give young couples the confidence they need to start a family.

From a macro viewpoint, it would give society a much-needed ballast during a Depression.

It would offset job losses caused by technology.

What are the downsides?

Inflation. 

Who funds it?

Many would support it if tech companies with profit-seeking algorithms paid for it.

High-frequency trading.

Hedge Funds, Sovereignty wealth funds, and currency trading over $50,000  

Cash is King. It’s an idea that is long overdue.

Both the Current pandemic and Automation are fundamentally changing the structure of the economy. Proposals for various forms of regular cash assistance are increasingly part of the political conversation.  And in fact, the cash payments of 2020 are serving as something of a real-life test of the principles behind UBI, even if there are important differences.

All human comments appreciated. All like clicks and abuse chucked in the bin.

 

 

 

 

 

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THE BEADY ASK’S THE QUESTION TO WHICH THERE IS NO ANSWER: WHERE IS THE WORLD GOING?

11 Saturday Jul 2020

Posted by bobdillon33@gmail.com in #whatif.com, 2020: The year we need to change., A Constitution for the Earth., Artificial Intelligence., Capitalism, Climate Change., COVID-19, Digital age., Disconnection., Economic Depression., Environment, Fourth Industrial Revolution., G20., G7., GDP., How to do it., Human values., Humanity., Inequality., Life., Micro v Macro Economics., Modern day Slavery, Our Common Values., POST COVID-19., Reality., Sustaniability, Technology v Humanity, The common good., The current state of our oceans., The essence of our humanity., The Future, The Obvious., The pursuit of profit., The state of the World., The world to day., Trade Agreements., Unanswered Questions., VALUES, We can leave a legacy worthwhile., Wealth., WHAT IS TRUTH, What Needs to change in the World, Where's the Global Outrage., World Economic Depression., World Economy.

≈ Comments Off on THE BEADY ASK’S THE QUESTION TO WHICH THERE IS NO ANSWER: WHERE IS THE WORLD GOING?

Tags

Algorithms., Artificial Intelligence., Capitalism and Greed, Capitalism vs. the Climate., Distribution of wealth, Inequility, The Future of Mankind, Visions of the future.

(Twenty-minute read) 

The answer lies basically in this question -why is it that governments can afford a fighter plane, but teachers need to hold a bake sale to buy school supplies.

Understanding how the balance of payments work is key to understanding the monetary leverage that one country holds over another. Based on the modern method of money creation, the functionality of the balance of payments is really a zero-sum game.

Wealth used to be defined as the accumulation of human time and labor.

This is why human time and labor are consolidated under ideologies (eg. Socialism, democracy, communism, etc.), which are framed with borders around cultures, religions, and historical significance. Time and labor are consolidated as a measure of GDP.

World GDP can now be considered the measurement by which human time and labor are used to manage the debt which is a product of the money creation process.

As Yanis Varoufakis says ” It is pointless to continue to do macroeconomics analysts focusing on a single country”  “It is not any more trading volumes or fiscal data it is the ebb and flow of financial capital”

There was or there is no need for the Coronavirus to expose still more flaws in economic structures. Inequality is to be seen in foodbanks, people sleeping on the street, the color of your skin, not least the increasing precarity of work, owing to the rise of the gig economy and a decades-long deterioration of workers’ bargaining power.

A Clap will not save nine, but thanks to Covid-19 the bastions of global Capitalism are on hold.  

There has never being a more important time to effect change to Capitalism.

So will or can we use the current state of emergency to start building a more inclusive and sustainable economy.  

If we don’t, we will stand no chance against the major crisis – an increasingly uninhabitable planet – and all the smaller crises that will come with it in the years and decades ahead.

Capitalism is facing at least three major crises.

A pandemic-induced health crisis that is rapidly igniting an economic crisis with yet unknown consequences for financial stability and all of this is playing out against the backdrop of a climate crisis that cannot be addressed by “business as usual.”

The COVID-19 crisis is exacerbating all these problems with governments playing a leading role, in delivering immediate solutions in the short term. However, the solutions are still not designed in such a way as to serve the public interest over the long term, and therefore they will not lay the foundation for a robust and inclusive recovery.

With reports on the seriousness of the coronavirus evolving each day if not each hour, the eyes of commerce are on epidemiology.

The effort to develop a COVID-19 vaccine could become yet another one-way relationship in which corporations reap massive profits by selling back to the public a product that was born of taxpayer-funded research.

The ongoing coronavirus crises are forcing governments to cash out in order to keep businesses, workers, and their economies afloat, but extending loans to businesses at a time when private debt is already historically high. Flooded the world with liquidity without directing it toward good long term investment opportunities like renewable green energy will result in the money ended up back in a financial sector that was (and remains) unfit for purpose.

The ability of companies to service any of this debt is debatable never mind the economies of countries.   

This time, rescue measures absolutely must come with conditions attached, bailouts should be designed to steer larger companies but to reward value creation instead of value extraction, preventing share buybacks, and encouraging investment in sustainable growth and a reduced carbon footprint.

It was the high private debt that caused the global financial crisis in 2008. The result of this has been to erode the very public-sector institutions that we need to overcome crises like the coronavirus pandemic.

On top of these self-inflicted wounds, an overly “financialized” business sector has been siphoning value out of the economy by rewarding shareholders through stock-buyback schemes.

If one really looks at Capitalism at its basic modeling – its beating heart is profit for profit sake.

To day’s Capitalist Economics is set up with this mantra, not to serve people’s needs, or to protect the environment, or to spread the rewards, rather to enslave people to the world of consumption- produce something at the lowest cost to produce the highest profit.     

Apart from the tragic human consequences of the COVID-19 coronavirus epidemic, the economic uncertainty it has sparked will likely cost the global economy trillions in 2020, the UN’s trade and development agency, UNCTAD, said on Monday.

What is clear is that if politics and trade wars emerged as uncertainties in recent years, now a third leg in the stool holding up global confidence has suddenly gone wobbly.

It is also clear this is going to be a slow-rolling, highly consequential event, that has all the ingredients required for internal strife in many countries.

It is clear that if we keep exploiting wildlife and destroying our ecosystems, then we can expect to see a steady stream of these diseases jumping from animals to humans in the years ahead.

It is clear that we need to invest in ending the over-exploitation of wildlife and other natural resources, farming sustainably, reversing land degradation, and protecting ecosystem health. 

It is clear that the virus is already robbing the world of carbon reduction and it’s only a matter of time before climate change dwarfs the impact of COVID-19.

It is clear that all country’s fates are intertwined.

It is clear that if there is some message here, it’s that this is totally predictable other than without proper oversight, that AI may replicate or even exacerbate human bias and discrimination, cause potential job displacement, and lead to other unintended and harmful consequences.

It is clear given the growing importance of this powerful technology, AI regulation should not be designed in a haphazard manner. As governments struggle to keep up with the unprecedented speed and scale of technological change, companies are facing a crisis of trust amid the growing “techlash” and are increasingly being called on to self‑regulate the technology they are developing and deploying.

It is clear despite vast efforts worldwide to address the symptoms of the coronavirus pandemic, the root causes have been largely ignored, to rebalance the needs of people, the planet, and animals.

It is clear that there’s a lot still to learn about the virus – and therefore how extensive its impact on the global economy could become. Some of the most basic aspects of the virus remain unknown. It all depends on the eventual scale of the epidemic, and at any given point, no one has been able to say whether it has peaked. We don’t know whether it will burn out, like SARS, or come back seasonally like the flu.

It is clear that the impact on markets not to mention human behavior is far from normal never mind the new normal. We are operating in the uncharted territory and the stark reality is that we as a species are unable to act as one. 

It is clear that the last thing we need to hear from brands is that we all in this together. They are simply trying to remain relevant and in demand. They need to rethink engagement data-driven empathy no longer cuts the ice. 

It is clear that Humanity must become the killer app.

It is clear that we’re living in a world of transparency and in such a world inequality cannot be tolerated.

It is clear that nowadays, it is no longer enough for a business to figure out how it was going to turn a profit. The social goals of the business – are not mere “add-ons or marketing ploys” they must be “part of the DNA of the business.”

It is clear that an unregulated algorithm-driven world will put its riches into the hands of the few. 

The problem that we have is not globalization it is a lack of global governance, a lack of means to address global issues.

To solve social problems such as pollution, poor nutrition, and poverty, climate change, you name it there is only one solution.

At the end of Yanis Varoufakis, The Combination That Changed Capitalism Forever, he promotes the establishment of what he calls a political movement that he calls a progressive international movement that is globally and act like activists locally by using purchasing power, he also puts forward a vision of Capitalism where there is no stock exchange, replaced by private ownership and Greene every bonds backed by treasuries.

The green energy bonds are a must So the young generation is able to buy into the process that creates their destiny. 

Purchasing power as an economic power to effect change, unfortunately, is visible and like all things that are visible will not work due to greed, cultural differences, etc.     

THE SOLUTION MUST BE INVISIBLE AND APPLICABLE WORLDWIDE.  

To create a perpetual ongoing fund that spread the cost fairly to tackle climate change and inequalities worldwide. 

Make a profit for profit sake pay by placing a 0.005% commission on all, Hight frequency trading, on all foreign exchange transactions over £50 thousand, on all sovereign fund acquisitions, on all gambling and world lottos, on all consumption advertising, on all dividend payments.   

Profit for a Purpose- with-Purpose.

Nearly a third of the world’s oceans and land areas could be placed under environmental protections without harming the global economy.

You cannot put a price tag on nature, but a recent independent report, commissioned by the Campaign for Nature charity, found about $140bn (£110bn) a year would be required by 2030 to place 30% of land and sea under protection.

Achieving the target of 30% protection would lead to increased economic output of between $64bn and $454bn a year.

The benefits to humanity are incalculable and the cost of inaction is unthinkable. 

To younger generations, the state of the planet is even more alarming but if they
don’t get their proveable faces out of their smartphones and their fingers out of where the light shines we all going to witness horrors unimaginable. 

It is clear that a coalition of old folks in the establishment won’t cut it.

All our efforts have to be inclusive, integrating all stakeholders, the earth and all that live, grow, and die on it.

All human comments appreciated. All like clicks and abuse chucked in the bin.

 

 

 

 

 

 

 

 

 

 

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THE BEADY EYE ASK’S. WHAT ARE MODERN DAY VALUES AND THEIR ROLE IN OUR LIVES.

20 Saturday Jun 2020

Posted by bobdillon33@gmail.com in #whatif.com, 2020: The year we need to change., A Constitution for the Earth., Capitalism, Climate Change., COVID-19, Dehumanization., Digital age., Disconnection., Economic Depression., Environment, Fourth Industrial Revolution., Future Education., HUMAN INTELLIGENCE, Human values., Humanity., Inequality., Life., Modern day life., Our Common Values., POST COVID-19., Poverty, Reality., Reverse racism., Survival., Sustaniability, Technology v Humanity, The common good., The essence of our humanity., The Obvious., The pursuit of profit., The state of the World., The world to day., Truth, Unanswered Questions., VALUES, WHAT IS TRUTH, What Needs to change in the World, Where's the Global Outrage., World Economic Depression., World Leaders, World Racism

≈ Comments Off on THE BEADY EYE ASK’S. WHAT ARE MODERN DAY VALUES AND THEIR ROLE IN OUR LIVES.

Tags

Modern day education, Modern day life., Modern day values., Modern global economy, Modern humans, Post-Covid-19

(Twenty-minute read) 

This is a vast subject which is not possible to address in an 800-word blog.

However, values role’s in our lives and their importance is not always fully understood.

Values are the things that are important to us, the foundation of our lives.

What I am interested in here is exploring the influence of technology and its advancement and how it now relates to the modification of cultural values.

Technology commonly exerts a strong influence on daily practices, changing the way values are carried out with each new development.

Will this in the end ‘kill’ our social cohesion and will groups of people be left out? Or will our social interaction become extensive and will our relationships get better? Are there any common values left? 

These are all questions that can’t be answered yet and can only be answered in the future. 

Technology is all around us.

It is so pervasive in our everyday life that it is impossible to get away from it.

It has become almost invisible so that most of us don’t know how to interact in the real world or with our environment, but it is how humans are using technology that is so devastating our common values. 

Before COVID-19 we were already isolating ourselves from physical contact with smartphones.

The virus has pushed us further apart with social distancing, online education, and social platforms replacing almost all forms of entertainment.   

Are we connected better nowadays with social media, or are we worse off?’

One of the aspects of culture and values is social interaction between people. How we behave to one another and in which way we do that. Social media has taken a big role in our social interaction. We no longer have to speak to a person to know what they are doing. We just look on twitter of Facebook. 

Social media and smartphones both are turning us into non-empathic couch potatoes and it is this passive use of technology that is the reason technology is ruining not just our values but humanity itself. 

With the arrival of COVID-19 ( His “epidemic”) technology isn’t allowing the young generation to truly embrace our humanity while creating a gap between generations. 

The real connection such as visual and emotional expressions aren’t shown anymore, because we are looking at a computerized display. This way messages could be understood differently than they should be, because they don’t get to know the real meaning behind the message.

If Facebook was a country, it would be the world’s 3rd largest country in terms of population. 

Now is the opportunity to realize this and that we must use technology as a tool, not reality.

Our overbearing dependence on technology can be detrimental to society.

It is not the be-all and end-all of everything. Everyone is entitled to their own values, attitudes, and beliefs.

For example. From the outside, the cultural values ​​of a group can often be difficult to understand. 

In India, 80% of the population practices the Hindu religion. For the believers of this religion, the figure of the cow is venerated and should not be sacrificed. In western culture, this is a strange cultural value, since cows are a source of food and not of worship. 

or

Some people may see great value in saving the world’s rainforests. However, a person who relies on the logging of a forest for their job may not place the same value on the forest as a person who wants to save it.

——————————————————————————————-

Before the coronavirus crisis exploded and confronted us with a life-and-death threat to every corner of our planet those who worked in what could be called taken for granted jobs we not valued neither in money terms or the essential services they provided to us all.

As a result, society discovered new heroes.

Times of crisis bring out the best in us. Superficial concerns fall away and we rediscover what really matters: Our values.

Now that the Pandemic in the western world is coming under control (we hope) and the murder of a colored man in the USA our worldwide values which have been honed by decades of biased history are coming under the spotlight, not just our personal views but societies as a whole.

BUT WHAT ARE THOSE VALUES AND HAVE DUG DOWN TO CORE VALUES AND WILL WE PUT THEM INTO ACTION?

It is easy to compile a list of personnel values and at the same time aspire to universal values of peace, human dignity, equal human rights, and freedom values.   

They are at the core of our being. They are our motivators, our drivers, the passion in our hearts, the reason we do the things we do and feel the way we feel. They help us to make better choices in life, develop healthy patterns of behavior, and form and maintain meaningful personal relationships.

They are the compass guiding everything we do – our choices and our actions.

So, if we want to change the world for the better, then we have to change
our own behaviors.

Living by your personal values sounds easy—at least in theory. Your values, after all, are simply the things that are important to you in life, so it should be natural to live by them.

Here are some more questions to get you started:

  1. What’s important to you in life?
  2. If you could have any career, without worrying about money or other practical constraints, what would you do?
  3. When you’re reading news stories, what sort of story or behavior tends to inspire you?
  4. What type of story or behavior makes you angry?
  5. What do you want to change about the world or about yourself?
  6. What are you most proud of? 
  7. When were you the happiest?

Think about our most important values and to act on them.

Living your values is about more than the big, long-term goals, however, it’s also about the small, day-to-day decisions. Putting them into action each and every day will have a powerful impact on our own wellbeing, the wellbeing of the groups and communities we belong to, and the wellbeing of the whole world.

The passive use of Technology is the reason technology is ruining our Humanity. 

Why is technology ruining humanity?

The only reason people do things is that life gives them the opportunity to do so. Which by extent, whether they know it or not, implies that people value their life.

Behind every use of technology is a person, as behind every murder, there is also a person.

We are about to pass through a long and very painful period of adjustment which is fraught with danger at the cost of permanently reducing human beings and many other living organisms to engineered products and mere cogs in the social machine.

As the noose of technological enslavement tightens on humanity will our values have any value?

They say that innovations in technology can save the world and is extending democracy. I say that it is concentrating even more power in the hands of a tiny elite.

Personal Values are formulated by a variety of influences, environmental influences including upbringing, religion, friends, family, peers, and, education not by algorithms, virtual reality.    

Until we get better at using technology as a tool I think we’re cooked, we’re going to continue to extinct species and we’re going to continue to dig the hole deeper of the whole eco-social crisis.

If you just hold your cell phone for 30 seconds and think backward through its production you have the entire techno-industrial culture wrapped up there.

You can’t have a smartphone an I pad or use Social media without everything that goes with it. You see mining, transportation, manufacturing, computers, high-speed communications, satellite communications, it’s all there, you see and it’s that techno-industrial culture that’s destroying the world.

The only way we’ll be able to responsibly harness the fruits that technology bears are with a renewed attitude of cooperation and care for the most vulnerable among us.

Technology has given us the tools to reshape how we live in the world; if it also changes the way we interact with our neighbors, it can be transformational.

Technology can inspire progressive social policies. When 62 billionaires have as much wealth as the bottom half of the world’s population, it’s clear that political principles are skewed toward the influential in business.

Overall, technology has the potential to reduce suffering, fight disease, and level the playing field for the poor if we use it as a tool, not as values.

Values are immensely powerful!

We know that human history is full of hideous, horrible acts, but it is important it explains why things are the way thy are. The problem is that is it not taught in schools without warts so no one gets a free pass.

History is the past it cannot be changed.   

But mature humans don’t live in the past and we need to start seeing each other as fellow humans. If we do so maybe we can start addressing the real cause of inequality in our societies which is our present economic systems. 

However, you don’t have to go into the future to see what is happing.  In the last forty years, we have wiped out 40% of our wildlife, acidified our oceans, pumped CO2 into the atmosphere, destroyed vast regions for livestock, ignored world natural disasters all for the sake of short term profits.  

If we don’t have a fucking healthy biodiversity-ecosystem there will be no need for profits or values.

With world economies, slowly reopening, I won’t hold my breath as it is easier to keep viewing thinks as black and white and profit for profit sake, not Clickbait.       

We all deserve to be treated as human beings of worth.

However because values are culture-bound, what’s good for one culture may be (and often is) deemed an abomination by another.

Herein lies the ultimate irresolvable dilemma.

Culture gives us prescriptions for appropriate conduct. When judging values, we should not speak in terms of right or wrong, black or white rather we should look at competing values in terms of better and worse.

Who’s to say what my values will be in 2030?

When I hear competing values shouted by a person from a different culture than mine, I hope to take a deep breath, realize that he/she is simply expressing a deep need they have, and then perhaps I can share my values and needs without fostering judgment, evaluations of their character, or moralistic analysis.

In the end, compassionate dialogue changes live, not right/wrong judgment, or taking the keen. 

All comments valued. All like clicks and abuse chucked in the bin.

 

 

 

 

 

 

 

 

 

 

 

 

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THE BEADY EYE SAYS: AT THE MOMENT THERE IS A LOT OF HYPE THAT AFTER THE CORONA VIRUS PANDEMIC IS OVER THE WORLD WILL HAVE CHANGED.

29 Wednesday Apr 2020

Posted by bobdillon33@gmail.com in #whatif.com, 2020: The year we need to change., CORONA VIRUS., COVID-19, Emergency powers., Fourth Industrial Revolution., GPS-Tracking., Human values., Inequality., Lock Down., Modern day life., Modern day Slavery, Pandemic, Post - truth politics., Post-Covid-19, Reality., Sustaniability, Technology v Humanity, The common good., The essence of our humanity., The Obvious., The pursuit of profit., The state of the World., The world to day., Unanswered Questions., VALUES, WHAT IS TRUTH, What Needs to change in the World, World Politics

≈ Comments Off on THE BEADY EYE SAYS: AT THE MOMENT THERE IS A LOT OF HYPE THAT AFTER THE CORONA VIRUS PANDEMIC IS OVER THE WORLD WILL HAVE CHANGED.

Tags

Algorithms., Artificial Intelligence., Capitalism vs. the Climate., Climate change, Community cohesion, CORONA VIRUS., Coronavirus (COVID-19), Distribution of wealth, Inequility, Post-Covid-19, Technology, The Future of Mankind, Visions of the future.

 

 

(Fifteen-minute read) 

Obviously, where will we be in six months, a year, 10 years from now is unknown but what Covid-19 is throwing into sharp relief is just how false our beliefs about markets are. 

We all know what is needed and one could compose a list as long as your arm but all are connected to where and what we live on the Earth.

In the face of Covid-19, this has never been more obvious.

“We’re all in this together and nobody has a clear answer to a way out.”

However, when all of this is over together in lockdown will become more than an appropriate word in more ways than we might like.  

As with sheep, it is easier to control a flock when they are enclosed. 

There is a chance that the herd scenario will be the most dangerous scenario, with profound implications for all. 

Big untransparent data is a minefield to the civil liberties we enjoy at the moment.

We won’t be clapping when the freedom of choice disappears. 

So as responses to the virus evolve, how might our economic futures develop?

The main fact exposed in our societies by COVID-19 is that so many people work pointless jobs because, they make lots of money we have lots of consultants, huge advertising industry and a massive financial sector. Meanwhile, we have a crisis in health and social care, where people are often forced out of useful jobs they enjoy because these jobs don’t pay them enough to live.

In a society where exchange value is the guiding principle of the economy, the basic goods of life are mainly available through markets. This means you have to buy them, and to buy them you need an income, which comes from a job.

In other words, people are compelled to work in pointless jobs.

This is partly why so many countries were so ill-prepared to respond to Covid-19.

There are a number of possible futures, all dependent on how governments and society respond to coronavirus and its economic aftermath.

So, will, we take the opportunity of prioritization of one type of value over others.

(This dynamic has played a large part in driving global responses to Covid-19.)

First, it is quite hard to make money from many of the most essential societal services.

The best-paid jobs only exist to facilitate exchanges: to make money. They serve a no wider purpose to society.

We need a very different kind of economics if we are to build socially just and ecologically sound futures.Civil liberties under attack during COVID-19

From an economic perspective, there are four possible futures:

Descent into barbarism, robust state capitalism, radical state socialism, or a transformation into a big society built on mutual aid run by unregulated AI. 

If we want to be more resilient to pandemics in the future (and to avoid the worst of climate change) we need a system capable of scaling back production in a way that doesn’t mean loss of livelihood or our civil liberties. 

From the economic point of view, this has to be is a Green sustainable Economy because the challenge of producing less is also central to tackling climate change.

(Coronavirus, like climate change, is partly a problem of our economic structure. Although both appear to be “environmental” or “natural” problems, they are socially driven.)

From an individual point of view, the solutions are not so clear.

Should we give up our liberties for the common good?

When faced with a complete lack of evidence about a tracking policy’s long term effects crisis situations afford the state the opportunity to stretch its power into areas of life that were before beyond its reach.

Politics is plagued by a do-something bias and this question is unanswerable because we cannot know how much the forcible suppression of civil society will cost and we won’t know the benefits.

The actions of governments if not reversed when the pandemic is over or under control to date if not reversed are of magnitude more dangerous than this virus.

Thinking critically we are now confronted nonetheless with the question of who gets to make such a decision on tracking, the government on a compulsory law backed bases or the individual on a voluntary base.  

It’s a social theory question, not a medical one: how does a comparatively tiny group of people at the top of government acquire the right to make this call for all other people. How could anyone or any group attain to such a power?

This leads us to some troubling questions.

For example, What kinds of communicable diseases function to void one’s right to free movement? How deadly does the disease have to be? How contagious? 

It is not worth giving up for a problem that has existed even before our time.

After giving up this right, what other rights will follow?

Where will be the balance? Do we become mindless government slaves?

Where is the line between where our right to choose is more important than the government’s right to impose their standards on us? Even if it’s for our own good?

Governments don’t give us our rights. Our rights are ours.

If we let freedom and liberty slip away a little at a time, then we are a people who don’t deserve to be free.

Just as the government has a duty to serve us, we as a people have a duty to defend our freedom and to understand and appreciate the rewards of being a free and open society. If we as a people fail in our duty to protect our freedom, then we no longer deserve to be a free people.

Once you give up even just a little, it is unlikely you will ever get them back. The individual is all that matters when it is you.

Philosopher Bertrand Russell wrote, “Neither a man nor a crowd nor a nation can be trusted to act humanely or to think sanely under the influence of great fear.”

These times of crisis are when we must be vigilant, guarding our rights and liberties, watchful of overreach, as transparency of who, what, and how we are governed will disappear into big data run by algorithms that learn from each other owned by god only knows.   

Will the world change as we are told?  Will the draconian laws revert?  

Will this happen?

More than likely not to all three.  

Why?

Because we are in a capitalist system that cannot or is unable to manage greed, inequality, and profit for profit sake.

Because businesses, of course, want to be able to meet demand when the economy picks back up again. But, if things start to look really bad, then they won’t. So, more people lose their jobs or fear to lose their jobs. So they buy less. And the whole cycle starts again, and we spiral into an economic depression.

Because we are now facing a serious recession if not a global depression.

Our modern generations have lost so much of the sensibility, practicality, frugality, and “know-how.”  Very few of us alive today have experienced an economic depression.

The fan is spinning and something very brown is beginning to hit the economies of the world at some point they will be unable to sustain themself.…so be preemptive.

Preparing for that eventuality now is really the only way to be ready when we will actually need to be much more self-reliant for our food.

A full-on economic collapse isn’t simply a disaster threat we should look out for, if you can’t appreciate what you have, you’ll never be content even if you exceed every goal you set for yourself.

Initially, chaos will reign but people will start banding together and not spending money. Debt will become a dirty word. You can’t eat money or your smartphone so start digging your garden. Get your village to open communal gardens.

Before you throw something away as it could be re-purposed.

The prescription for solving this is simple – the government spends, and it spends until people start consuming and working again. 

However, it is my belief that this type of intervention won’t work here because we don’t want the economy to recover (at least, not immediately). 

Businesses exist to make a profit. If they can’t produce, they can’t sell things. This means they won’t make profits, which means they are less able to employ you. 

What is needed is an “anti-wartime” economy and a massive scaling back of production.

A key task for us all is demanding that emerging social forms come from an ethic that values care, life, and democracy. The central political task in this time of crisis is living and (virtually) organizing around those values.

Yes, climate change is caused by certain gases absorbing heat. But that’s a very shallow explanation. To really understand climate change, we need to understand the social reasons that keep us emitting greenhouse gases.

The dominant idea of the current system we live in is that “exchange value” is the same thing as “use value” and currently, the primary aim of the global economy is to facilitate exchanges of money. 

However, Governments are now providing people with an income in order to stop them from going to work reducing people’s dependence on a wage to be able to live.

This is viewed both by the market and governments as a temporary necessity to keep their economic where-with-all to deliver a good quality of life, so it must be protected. 

The market will always return to normal after short periods of crisis.

We do not have the right “mindset” in order to adopt the protection of life as the guiding principle of our economy. The use of profits as the primary way of organizing an economy can only continue if it is used to remove inequality on all fronts.

If it delivers a good quality of life, for all so it must be protected.

Barbarism is the future if we continue to rely on exchange value as our guiding principle and yet refuse to extend support to those who get locked out of markets by illness or unemployment.

It describes a situation that we have not yet seen.

Citizens no longer rely on employers as intermediaries between them and the basic materials of life.

We must be careful to avoid authoritarianism and massive austerity after the pandemic has peaked that will only consolidate wealth into tracking apps.

We can expect the lure of tracking citizens to infect politicians. The ideals of democracy will be surrendered to the relative security of authoritarianism. 

Likewise with Covid-19. Yes, the direct cause is the virus. But managing its effects requires us to understand human behavior and its wider economic context.

It is hard to believe but there was a time when computers didn’t control every aspect of the world, just like it is hard to believe that the world survived before electricity.

Nowadays it is hard for most to believe that people lived without cellphones.

I believe that sooner or later we will be facing a Greater Depression. While I certainly ‘hope’ not, logic is telling me that it is inevitable.

I do believe when things change, people will change also because it will become necessary. 

Which of the overwhelming number of urgent global issues should I focus my attention on first? 

Maybe you can’t save the world, but you can save your backyard.

Imagine what would happen if we all did the same?

Rather than waiting for the elected leaders to listen to your concerns, the quickest and most effective way of making a difference is to do it yourself.

All human comments appreciated. All like clicks and abuse chucked in the bin. 


 

 

 

 

 

 

 

 

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All comments and contributions much appreciated

  • THE BEADY EYE SAY’S. CIVILIZATION WITH CLIMATE CHANGE WILL BE A VERY THIN VENEER. March 21, 2023
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  • THE BEADY EYE SAY’S: IN CASE YOU ARE WONDERING THIS IS WHERE THE WORLD IS GOING. March 2, 2023

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