Category Archives: Wealth.

THE BEADY EYE SAY’S: ARE WE NOW REAPING THE REWARDS OF PROFIT FOR-PROFIT SAKE?

30 Monday Mar 2020

Posted by in 2020: The year we need to change., Algorithms., Artificial Intelligence., CORONA VIRUS., COVID-19, Evolution, Fourth Industrial Revolution., Human values., Humanity., Inequality, Life., Modern day life., Our Common Values., Reality., Survival., Sustaniability, Technology, 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., Universal Basic Income ., VALUES, Wealth., WHAT IS TRUTH, What Needs to change in the World, Where's the Global Outrage., World Economy.

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(Five-minute read) 

First, let me state the obvious.

The Covid-19 doesn’t just call our bluff it is questing the way we allow our society to be run. 

It is bringing into sharp relief what some of us have always known to be true. Our current way of living must end.

Capitalism and the culture of hierarchy that props it up is now extremely screwed up. 

The story of Capitalism up to now has been selling your labour so you don’t end up on the streets.

We should not behave to exist this way.

We come into this world kicking and screaming for our own needs while our birth’s, and our eventual departure’s, have all been turned into a product by capitalism to generate profit. We leave silent.

We live in a world where nearly everything has some kind of cost and the increased workforce automation is suggesting that things will keep getting worse.

What is considered valuable by man or the people of this world are of little or no value when one is confronted by a virus (which unfortunately some of us are witnessing this very minute) that does not discriminate any grounds.  

Money, wealth, riches, gold, property, power and so on are either transitory, fading or can be destroyed in the blink of an eye and are of no value in the long term.

In the past few years, the money markets have fallen in a heap with the global financial crisis and the value of money becoming very shaky. The same can be said of shares, property and other investments. And this is nothing new for the economic cycle goes through boom and bust every seven to ten years making fortunes at one time and destroying them at other times.

However, men believe that wealth gives you the power to be able to rise above the problems and issues of the world.

How wrong he is.

The coronavirus is not the only virus we have to confront we also have to confront capitalism and the world that sustains it.

Climate Change was not enough to make the world pause.

The challenge man faces is that we think only of the here and now.

We now have a moment to consider what a rapid response to the climate emergency would look like – how we build a society that completely transforms our social order towards something that is in equilibrium with the biosphere and gives to each according to their needs.  

But will more sustainable capitalism emerge from Covid-19 highly unlikely as the protection of private interest over public interest remains the same?  

What the coronavirus has and is showing is that our cheapskate governments can provide far more in social programmes than they have. 

While none of us can predict the future let’s hope that this time the penny drops. 

The risks of Covid – 19 are now but the risks of climate change with the clock ticking needs us to wake up before the alarm goes off. 

It’s not science, not protest, that will save the planet. Science alerted us to global warming but understand the nature of the world is crucial to dealing with it. 

Everything has a function and our function is to fit into our world and not divorce ourselves from nature.

With the age of technology and its Algorithms working themselves into everything relentless, enabling profits to disappear far from the trickle-down effect the coronavirus is revealing heroes and villains across the world.

The markets might be paralysed with numerous industries entering a state of suspended animation the environment is getting a recovery period.

Covid -19  is showing us that on the horizon, capitalism in its current form threatens value. It is built on the premise of instant gratification.

Many businesses today are aware of this failing in mankind and play to it to great effect encouraging us to insure ourselves against the cost of living and dying but we are now trading for time and for eternity.

The corona-virus is certainly a much greater reward than the fleeting pleasures of this life.

The new WFH world that emerges from this will be intriguing – Universal Basic Income.

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THE BEADY EYE SAY’S. WE ALL KNOW WHAT TO DO BUT ARE WE WILLING.

23 Monday Mar 2020

Posted by in #whatif.com, 2020: The year we need to change., Capitalism, COCID-19, CORONA VIRUS., Disconnection., Human values., Humanity., Inequality, Life., Modern day life., Our Common Values., Poverty, Reality., Refugees., 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., United Nations, VALUES, Wealth., WHAT IS TRUTH, What Needs to change in the World, Where's the Global Outrage., World Economy.

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(Five-minute read) 


STOP DESTROYING OUR PLANET:
It’s no secret that our planet is in a pretty dire condition.

The problem is a massive one.

It’s so big that there are things that you do every day that are helping to bring about the end of the world, and chances are that you might not even know it.

Here are a few.

China produces a whopping 80 billion disposable chopsticks every year. The vast majority are used—and thrown away—That kind of production takes 20 million trees, and not just any trees.

Estrogen, one of the active ingredients in birth control pills and hormone therapy treatments, was introduced into a freshwater lake research facility in Ontario. 

The impact was almost immediate. Male fish first began producing egg proteins and then producing eggs.

Wastewater treatment and its impact on freshwater ecosystems.

Hormones that aren’t absorbed or used end up in the sewer system after they cycle through the human body. In areas where sewer water is dumped into lakes and rivers, the average fish population is about 85 per cent female. The cause has been traced back to the release of improperly treated wastewater that contains hormones from hormone therapy drugs and birth control pills. A stark contrast to the normal 55 per cent. Fish exposed to the hormones not only lose the ability to reproduce, but their accidental hormone treatment impacts eggs at the development stage as well.

Prozac. Might have something to do with the decline in the starling population over the last few decades—to the tune of about 50 million birds. 

Drinking straws. 

The United States alone uses about 500 million drinking straws made from a polypropylene plastic that doesn’t disintegrate or dissolve.

These millions of straws are around forever, making up a huge part of the estimated 12 to 24 tons of plastic that end up ingested by fish and other marine wildlife every year. And that includes about one million seabirds that die after eating plastics. One of the most common items found in autopsies? The drinking straws that come attached to juice boxes.

Eating frogs.

The fungus that’s being spread by the live food trade is different than one that’s being blamed for most of the recent die-offs.

The consequences of the fungus and its ability to hybridize create the potential to unleash an epidemic across the globe.

Antibacterial soaps, washing liquids/tablets use triclocarban and triclosan, chemicals while most of those chemicals are removed from wastewater when they’re run through a treatment plant, they have to go somewhere. When triclocarban degrades, it degrades into two chemicals—both carcinogens.

When triclosan is run through a treatment plant to make drinking water, it doesn’t exactly make safe drinking water. Instead, it makes other chemicals that can include chloroform. And those chemicals travel through the food chain in plants, animals, and ultimately humans.

Farm-raised fish.

Shrimp aquaculture has resulted in the large-scale degradation of coastal areas, the destruction of wetlands, and salinization of freshwater areas and drinking water. Salmon farming relies on the release of fish food and nutrients into the water, which always results in wasted feed and a huge amount of fish droppings in the water

Extra waste products end up sinking to the bottom where they react with the medicines and other nutrients used to keep the fish healthy along with antifoulant agents used to keep nets clean. That means fish farms are a breeding ground for sea lice, which are as disgusting as they sound. More chemicals are used to control the sea lice, which end up killing the other marine life that was supposed to be in the area in the first place.

Not the eco-friendly choice you’d think.

Soybeans 80 per cent of the world’s soy production goes into livestock feed.

1.2 million hectares of soy was planted in Brazil’s rain forest in 2005 alone. 

Global food waste. 

Every year, global food waste amounts to about 1.3 billion tons, and that’s such a big number that it’s impossible to imagine. Meanwhile, about 870 million people are starving.

Inequality: Lack of Healthcare, Nutrition and Education.

We all know that the world’s richest 1 per cent, those with more than $1 million, own 44 per cent of the world’s wealth. In many countries, a decent education or quality healthcare has become a luxury only the rich can afford.

Being poor all too often means more sickness and an earlier grave. 

The story of inequality in many developed countries, including the U.S. and U.K., is more sobering. However, when you are born in a poor place where every tenth child dies, as the well-to-do’s share of the national economic pie surges, a pandemic is a joke.

So what can be done to right this unsettling imbalance and restore a sense of opportunity for the billions of people who are being excluded from the gains of economic development?

The first and most important step may ultimately be recognizing the scope and scale of the problems caused by inequality in the first place and resolving to do something about them.  

Inequality is out of control with the human costs devastating.

Like many other environmental problems, there’s absolutely no easy answer but it is time we opened our eyes.

Ironically, with the coming economic collapse due to the coronavirus, we might finally be recognizing inequality’s great economic costs may be just the motivation that financial interests need to take the issue seriously.

Its not Amazon fortune and power that will grow exponentially.

The growing gap between rich and poor is undermining the fight against poverty, damaging our economies and tearing our societies apart.

If not with climate change added to next pandemic it won’t be the virus that kills you but the influx of refugees. 

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THE BEADY EYE OBSERVES WHAT TECHNOLOGY IS DOING TO THE PURSUIT OF PROFIT.

05 Tuesday Nov 2019

Posted by in 2019: The Year of Disconnection., Algorithms., Artificial Intelligence., Capitalism, Climate Change., Fourth Industrial Revolution., Inequality, Modern day life., Our Common Values., Politics., Reality., Sovereign wealth fund, Technology, The common good., The pursuit of profit., The state of the World., The world to day., Unanswered Questions., Wealth., WHAT IS TRUTH, What Needs to change in the World, Where's the Global Outrage., WORLD POVERTY WHERE'S THE GLOBAL OUTRAGE

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( A twenty-minute read)

The Internet is an incredibly spectacular thing, and only now — after so many years — we are understanding its power.

In spite (and many times because of) all the social media and internet news, we tend to have a skewed view of the world around us.

But there is one thing that is certain.

It has given rise to highly profitable digital platform monopolies, ‘superstar firms’ which are able to use aggregation and analysis of data to make supernormal profits which are disappearing into the cloud.

But what’s really happening in the global economy?

These multi-conglomerations dominate not just the current digital markets but future ones in artificial intelligence and machine learning, with workforces which are relatively small proportional to value-added, putting downward pressure on labour’s share of income.

It is becoming easier and cheaper to replace human work by increasingly
capable robots and artificial intelligence, this automation will accentuate existing trends in the capital and labour shares.

Whatever the future path of the global economy, with growing automation in

the economies of the world substituting capital for labour more and more

of the wealthiest fortunes are held almost exclusively in financial assets.

                                                     —-

We’re not just entering into a period of severe distress with climate change

we are also entering a period of a new uneven distribution of capital

ownership that is now the driver of inequality.

It’s a “new, harsh reality”, ( from weapons of mass destruction, water crises, large-scale involuntary migration and severe energy price shock, extreme weather events, failure of climate change mitigation and adaptation, interstate conflict with regional consequences and major natural catastrophes) that the spending power of governments is dimensioning.

Most of us haven’t quite realized there is something extraordinary happening.

Isn’t it absurd that we, 7 billion of us living on the same planet, have grown further apart from each other? Everything is going through change and that most of us are unaware of that.

What sense does it make to turn your back on the thousands, maybe millions, of people living around you in the same city on the same planet in poverty?

You might be lead to believe that the Internet is taking down mass control and the small are no longer speechless. This might well be true when it comes to the rising failure of climate change mitigation and adaptation or if you look at the Arab Spring, Brexit, and the people’s climate revolution/ pollution.

But its not true when one looks at how and by whom the economy of the world that is driven by growth at all costs.

Why?

Because the natural resources industry is owned by sovereignty wealth funds with financial instability around the world as the net result.

But don’t panic.

With Climate change and Ai, and with all of us exchanging half-truths civilisation is in for a rough ride.

However, technological crises have yet to impact economies or securities in a systemic way.

Which panic button to press?

The only category not to feature in the above harsh realities is algorithm profit from profit technological that is spreading inequalities between individuals and families, between countries, generations and genders, as well as between people from different ethnicities and class backgrounds.

Fleckenstein – David Rosenberg’s Proposal To Print Trillions Of Dollars Is Not Helicopter Money, It’s Cold Fusion

Normally revenue, as you know, is generated by profit/taxes but most revenue sources are already accounted for in government budgeting except the supernormal profits made by in no particular order – Apple, Google, Microsoft, Facebook, Cisco Systems, Intel, to mention just a few.

It’s sometimes hard to fathom the sheer scope of profits made by the world’s most profitable companies.

1. Saudi Aramco: $304.04 M daily – Earns $1 M in 4.7 minutes
2. Apple: $163.1 M daily – Earns $1 M in  8.8 minutes
3. Industrial & Commercial Bank of China: $123.29  M daily – Earns $1M in 11.7 minutes
4. Samsung Electronics: $109.3 M daily – Earns $1 M in 13.2 minutes
5. China Construction Bank: $105.48 M daily – Earns $1 M in 13.7 minutes
6. JPMorgan Chase & Co.: $88.97 M daily – Earns $1 M in 16.2 minutes
7. Alphabet: $84.21 M daily – Earns $1 M in 17.1 minutes
8. Agricultural Bank of China: $83.99 M daily – Earns $1 M in 17.1 minutes
9. Bank of America Corp.: $77.12 M daily – Earns $1 M in 18.7 minutes
10. Bank of China: $74.59 M daily – Earns $1 M in 19.3 minutes

and these are not Sovereign Wealth Funds.

They exist somewhere between the murky grey of return-maximizing, mega-cap asset managers, and clandestine government agencies quietly used to further sovereign agendas.

It is estimated that SWFs combined to hold more than $7.4 trillion in AUM, (Assets under management) representing approximately 6% of global assets under institutional management.

And you wonder with government print trillions to stimulate sagging economies why the world is and still is in a state of meltdown not just climate-wise but capitalistic wise.

We now have both the EU and the UK floating the idea of establishing Citizens wealth funds.

The trouble is that existing wealth funds have already bought up most of the world. Latecomers like THE UK/EU will have nothing to invest in other than technologies that produce profits.

The character of a sovereign wealth fund depends on its purpose and is shaped by how it is capitalised and governed, how it invests its funds and how returns are spent.

A Sovereign Wealth Fund is a state-owned investment vehicle established to channel balance of payments surpluses, official foreign currency operations, proceeds of privatizations, government transfer payments, fiscal surpluses, and/or receipts from resource exports, into global investments on behalf of sovereigns and in the advance of goals that are not transparent.

Economic theory wise, it is important to understand that SWFs form part of their respective country’s total national capital base, where total national capital is defined as the total combination of net financial assets, total physical capital stock (e.g., real estate, machines, infrastructure), unexploited environment, human capital, and unexploited natural resources.

Commodity SWFs are financed from the proceeds of non-renewable commodity exports (oil, gas, precious metals), which grow the AUM base in times of high prices but destabilize their source economies and budgets in times of low. Non-commodity funds, on the other hand, are typically financed from currency reserves or current account surpluses, driven by corporate or household saving rates.

They were once the mainstays of the global investment landscape.

Despite is name the era of neoliberalism was far from liberal.

We are now experiencing the political consequences of this great deception with the rise of popularism.

This blog has been suggesting for some time the setting up of a perpetual funded World Aid fund by applying a 0.05% commission on all profit for profit sake seeking financial activities. ( See previous posts)

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THE BEADY EYE ASK’S; IS THE NEW GREEN DEAL PRIMARILY A PETTY-BOURGEOIS ATTEMPT TO RESCUE CAPITALISM BY THE METHODS OF SOCIAL REFORMISTS UNDER THE CLOAK OF CLIMATE CHANGE?

09 Wednesday Oct 2019

Posted by in 2019: The Year of Disconnection., Climate Change., Democracy, DIGITAL DICTATORSHIP., Environment, European Union., Fake News., Fourth Industrial Revolution., Inequality, Modern Day Democracy., Modern day life., Our Common Values., Politics., Populism., Post - truth politics., Purchasing Power., Social Media, Sustaniability, Technology, The common good., The essence of our humanity., The Internet., The Obvious., The world to day., Twitter, Unanswered Questions., Wealth., WHAT IS TRUTH, What needs to change in European Union., World Politics

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(Twenty-minute read) 

In politics, nothing happens by accident.

These days in the higher ethylene of the political world it seems you must be an accomplished liar and not a far-seeing planner to be successful.

With the advent of social media people’s day-to-day exposure to political discussion and disagreement has increased dramatically.

However what is worrying is that technology in the form of social media, the smartphone is continuing to create a contemporary problem that large sections of the public want ‘democracy’ but without the ‘politics.

As a result, were are seeing fake news driving populist politics that has no longterm objectives. 

There is nothing new about fake news it has been prevalent down the ages but the days when a lot of us believe that many of the major world events that are shaping our destinies occur because somebody or somebodies have planned them that way are all but disappeared.

However, with the media making very little effort to explain political decisions, rather than just jumping on any perceived gaffe or conflict ‘democracy’ remains an incredibly positive notion. 

With the public no longer thinking about the world within the silos of government departments governments need to engage people in solutions rather than top-down ‘vote for us and we’ll provide the answers.

Younger people don’t just copy their parents’ tribal loyalties. Voting is more like shopping, with preferences changing on a quim of twitter on social media.  

Unfortunately, our present-day political system has not yet caught up, it offers limited choice. What happens in between elections is for all attentive purposes driven by the smartphone that are monitored by unregulated algorithms owned by you know who.

What is been ignored is that this digital space in all its diversity represents a huge opportunity with the power to engage people in new ways. Online participation in local decision-making is one possibility. This would involve citizens outside election time-.

So we need to understand all the ways people behave and respond in the digital space and set clear and realistic goals for what they hope to accomplish.

However, people are now becoming slow and slower to engage with the internet due to the lack of security/ privacy/and a source of truth.

Why?

Because Capitalism is spending billion on digital marketing each year, and for good reason. Digital media has enormous power to reach and influence people. Over 2 billion people—about one-third of the global population—now access the Internet.

We all know if we are to avoid extinction due to climate change which poses real risks to our collective future we need a green energy transformation.

The problem is that behind a veneer of objectivity, Capitalism as always sees an opportunity to make a profit – Carbon Credits for instance, with more and more consumerism products being promoted as good for the environment 

With all the political goodwill the transfer to low carbon emission can only be achieved by offering citizens a means to get involved other than protesting.

How can this be done?

We must allow people to exercise democratic control over their money, finance, working conditions and environment ie De-politicising decision-making by limiting capitalism’s worst failing- profit for profit sake.

To have authentic democracy!

Citizens must be afforded the opportunity to get involved not just politically, but financially by creating Green Energy European Bonds that cannot be traded.  

These bonds will allow citizens to regain control over unaccountable ‘technocrats’, complicit politicians and shadowy institutions.

They can be sold like lotto tickets. Forging a common agenda.

Emancipating citizens from all levels of government from bureaucratic and corporate power. Allowing direct investment into shared, green prosperity.

Politics has never been popular and never will be:

The more disengaged, the less likely that political parties will deliver. 

We’re able to measure things in a way that we’ve never been able to measure them before. So why not measure the wealth of a nation by the financial investment support it gets from its citizen’s. Rather than encompassing every possible thing that can go under the rubric of “green.

I suppose my goal here is to propose something vague enough that no one will object to it.

Have you wondered how you got to where you are today?

Greed.

Is technology taking control of our lives or our destiny?

Yes.  We’ve ditched reality.

The very data on which we measure the economy is disconnected from

the reality, with political leaders using high soaring” words “which often

imbibe emptiness.

Communication and leadership are key elements in elections these days

but you can’t sell a bad product, can you? 

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THE BEADY EYE SAY’S. WE MUST REIN IN THE TECH GIANTS BEFORE ITS TOO LATE.

20 Friday Sep 2019

Posted by in #whatif.com, 2019: The Year of Disconnection., Algorithms., Capitalism, Democracy, DIGITAL DICTATORSHIP., Fourth Industrial Revolution., Google, Modern day life., Our Common Values., Purchasing Power., Reality., Social Media., Technology, The common good., The essence of our humanity., The Obvious., The state of the World., The world to day., Wealth., WHAT IS TRUTH, What Needs to change in the World, Where's the Global Outrage.

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( Fifteen-minute read) 

WHY?

These days we are allowing Google, Amazon, Apple, and Facebook do whatever the hell they want. The US sees them as winner-takes-all markets as the law of the capitalist jungle; the EU sees them as an intrinsic threat to consumers.

Because four companies dominate our daily lives unlike any other in human history: Amazon, Apple, Facebook, and Google. They have aggregated more economic value and influence than nearly any other commercial entity in history.

Because the concentration of wealth leads to concentration of power. Their massive size and unchecked power have and are throttling competitive markets and are keeping the economy from doing its job—namely, to promote a vibrant democracy.

Because all of them have managed to preserve their monopoly-like powers without heavy regulation. 

Because they have effectively ripped the heart out of the journalism, publishing, music, and entertainment industries but, even worse, they are demolishing the ranks of both corporate middle-management and entry-level service jobs and crushed commercial real estate and retail shopping malls, all for the enrichment of a very few.

Because they’re tracking your movements — or, even better, getting you to track yourselves for them, whether it’s “checking in” on Facebook or leaving your cell phone switched on while you travel (and who doesn’t?).

Because as we have seen the harvesting of the personal data use for political purposes.

Because the amount of money they generate, and the volume of content they accumulate, most of it provided voluntarily by you, for free, is stupefying.

Because with the coming of 5G technology they will have  too much power over our economy, our society, and our democracy.

Because using black-box algorithms to surface content to users they will have control over the way we use the Internet.

Because they are exploiting their monopoly power to stifle competition; they are spreading fake news; their fantastically rich owners portray themselves as right-on yet go to a great deal of trouble to minimise their corporate tax bills; they are ripping the heart out of communities through the closure of brick-and-mortar retailers.

Because social media is an increasingly key part of how we communicate. Yet legally, nothing stops Facebook from simply banning users from its platform, for any reason it wishes.

Because we’re heading for an Orwellian nightmare the shape of which is just now becoming apparent with climate change is being turned into a product. 

Because this isn’t just abstract concern about what could possibly happen in the future – market power of this magnitude isn’t unprecedented.

Because with a sprawling array of loosely related businesses under one roof they are becoming worldwide conglomerates.

Because no one or any company is now going to penetrate online shopping or the search market.

Google, Amazon, and Facebook are colossal companies. Together they make up almost 10% of the S&P 500. Together, they have a market capitalization of the GDP of France.

These are the 3rd-, 4th-, and 6th-largest companies on earth. Combined, they are worth over $2 trillion. And they’ve grown 470%, 175%, and 95% over the past five years.

Because they will take our choices away.

Because they’ve bulldozed competition, used our private information for profit, and tilted the playing field against everyone else.

Because country and companies that dominate technology will gain more power with time and 5G technology, gene editing, nanotechnology, creating what only can be called a profitable circle of global oligopolies.

Because they will soon be introducing their own cyber currencies.

Because our existing computers can’t even scratch the surface of what quantum computers will be able to do via the cloud quantum computers will. Those who own this technology will make supremacy an arbitrary goal.

Such computing power will change the way we do business and the security we have in place to safeguard data, how we fight disease and invent new materials, and solve health and climate problems.

Just like humans, artificial intelligence machines powered by the insights from quantum commercialising technology computers that will learn from experience and self-correct.

They’ll be able to use quantum simulations to design entirely new molecules for use in medicine making it possible for chemists to determine viable drug options quicker. Instead of troubleshooting issues bit by bit as we do now with classical computers, they will allow for a person’s genes to be sequenced and analyzed much more rapidly tackling the entire problem at once.

How do they do it?

By creating what we now perceive to be free platforms run by algorithms.  

( To Big Tech, you’re not the customer, you’re the product they’re selling to others:)

Google offers a vast bounty of free services in order to maximize its data collection and optimize its advertising capabilities. Similarly, Amazon is credibly accused of hurting suppliers, hurting competitors, and even hurting its own employees — but nobody can deny that it’s a cheap and convenient way to shop for a staggering array of things.

Amazon is keeping tabs on you, monitoring your purchases, pushing other products on you and, in the form of the hideous Alexa, listening in on you while you sleep. Throw in the electronic snooping of Facebook, Google and your iPhone.

We know the problems; they’re easy to diagnose, however shaping the solutions is going to be more difficult.

So what if anything can be achieved to restrain their coming power?

The difficulty lies in defining what the real harmful effect is of these companies and establishing a causal link between their creation, their products, behaviour, and trends such as populism, depression, and manipulation. The contribution to society of these companies’ products is not as black and white as some would like them to be. 

We’re heading down an entirely new field of physics, and by its very nature, there will be discoveries, innovations and solutions we have never dreamed of yet.

However we’re living in a capitalists world we should be empowering people to choose where to sell their information, personal data so it would no longer be monopolised by the tech giants.

Competition authorities need to move beyond a reliance on prices towards an analysis of the impact of takeovers and mergers on societal welfare.

As we grapple with how best to protect ourselves against the risks of new, disruptive technologies, policymakers need to understand the roles that ethics and law can and should play. 

If human rights are at risk, and existing law is found wanting, we may need new, legally enforceable rights and mechanisms to grapple with emerging technologies. Citizens should not need to rely on the “ethical conscience” of tech companies to know their fundamental rights are protected. Ethics are laudable—but sometimes they are not enough.

At their core, Google’s mission “to organize the world’s information and make it universally accessible and useful” and while Facebook’s goal was to “give people the power to build community and bring the world closer together” are both truly admirable and few people would disagree with them but ethical promises made by tech companies are not good enough.

Instead of adding value to our societies, Facebook,  Twitter, Amazon, Netflix, Google, Microsoft, Apple have sucked the data out of us.

They or at least their free platforms which have become essential to daily life should be regulated as public utilities.

Failing to do so risks a backlash which will be bad for everyone.

Why? 

Because there is one indisputable fact.

In front of every great fortune lies a great crime, Immense wealth translates automatically into environmental impacts regardless of the intentions of those who possess it. 

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Google does the same by using algorithms to decide what comes up on an internet search. They hardly pay any taxes and their business practices and technology will help crush industries and companies left and right.

 

 

 

 

 

 

 

 

 

 

 

 “platform utility.” A platform utility would be barred from owning any of the participants on the platform.

 

THE BEADY EYE ASK’S: IS THIS WHAT IS WRONG WITH MODERN DAY CAPITALISM. WE JUST HUMAN CAPITAL.

09 Tuesday Jul 2019

Posted by in 2019: The Year of Disconnection., Algorithms., Capitalism, DIGITAL DICTATORSHIP., Fourth Industrial Revolution., Humanity., Inequality, Life., Modern Day Communication., Populism., Purchasing Power., Reality., Sustaniability, The common good., The essence of our humanity., The Future, The Obvious., The state of the World., The world to day., Unanswered Questions., Wealth., WHAT IS TRUTH, What Needs to change in the World

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(Seven-minute read)

The term ” Human capital” suggests that we create ourselves as social beings, and then society recognizes the outcome of our self-making by assigning them values. This value is then exchanged for commodities and services of equal value.

WE SPEND OUR LIVES TRYING TO MAKE THIS VALUE HIGHER.

No discussion of human capital can omit the influence of families on the knowledge, skills, health, values, and habits. But when we become a risk, a drain on society, a problem of a life gone on too long we reflect the political and economic goals that the notion of human capital was designed to fulfil – profit.

When we assign value to human life it means different worth including negative value – to the lives of different people. Life subsequently came to be valued according to its ability to foster the national economy – its potential contribution to GDP with nil contribution deemed a surplus to manage.

This has become the bedrock of modern capitalism – persons and profit with the smartphone transferring its owner into an asset of significant value.

Profit-seeking Algorithms that are now embedded in our societies making it seem natural to be monitored and to allow access to every moment of our days.

Assigning life a market value is no way to guarantee that this value will be high.

Everyone is able to help themselves but information technologies are fastening individuals to prefabricated categories ( Age, gender, religion, ) solidifying us as persons of a certain kind.

Even if we consider ourselves to be so much more than our data or human capital, we cultivate, display, and leverage, our socially recognized arsenal of valued traits—no matter how worrying the manner in which they were consolidated—whenever circumstances call for it.

Human capital, then, is something other than the sum total of our ambition.

Like other kinds of capital, its value is set by market dynamics that support a larger process of accumulation.

We are unable to determine how much we are worth to our society.

There is no stopping this form of unattachment to reality, to politics, to nature, to others and it is destined to become worse. We have world leaders Twittering, governments pandering to populism, androids apps grabbing your data even if you block them.

Indeed it would be fair to say that Capitalism is disappearing underground.

The idea of human lives as surplus—superfluous to society rather than being its building blocks—offends our robust sense of self.

However, in designating selfhood unique yet classifiable, a personal project of self-creation yet a collective subject of political policy, we end up with human capital.

We feel oppressed by constantly having to demonstrate our worth in a matrix of investments and returns.

Is there any solution to this detachment?

Not with Social media that is putting a protective net around people with this net actually becoming a limiting cage.

A vote every five or ten years will not do it.

Countries must enable their citizens to become involved directly in the economy by offering non-trading but inheritable Participation Bonds with guaranteed returns in order to make the economy serve the people rather than the other way around.

In a world of universal and instantaneous communication with robotic technology now treating our abilities to earn a living the coffers of the state are diminishing.

Some will say that Participation Bonds is a form of Socialism.

It might well be but it is not the state owning the assets of a country but its people have a vested interest.

The current relationship between the balance sheet value of human capital and the operating costs of the human capital is not realistic. Successful leaders want to know how their people are deployed and new technological advances clearly are of little value to countries that don’t put their people first.

Therefore, economists regard expenditures on education, training, medical care, and so on as investments in human capital. They are called human capital because people cannot be separated from their knowledge, skills, health, or values in the way they can be separated from their financial and physical assets but tangible forms of capital are not the only type of capital.

No matter what colour, creed or status you are if you are not attached you cannot reap the rewards.

Other words if you are on a sailing boat crossing the Atlantic there is no point in being pushed over or jumping overboard if you want to arrive.

The old adage of “from shirtsleeves to shirtsleeves no longer applies.

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THE BEADY EYE LOOKS AT DIGITAL DICTATORSHIP.

04 Thursday Apr 2019

Posted by in #whatif.com, Algorithms., Artificial Intelligence., Capitalism, Climate Change., Democracy, DIGITAL DICTATORSHIP., Education, Environment, Evolution, Fourth Industrial Revolution., Google it., Google Knowledge., HUMAN INTELLIGENCE, Humanity., Inequality, Innovation., Life., Modern day life., Our Common Values., Politics., Post - truth politics., Purchasing Power., Reality., Sustaniability, Technology, The common good., The essence of our humanity., The Obvious., The world to day., Unanswered Questions., Universal Basic Income ., Wealth., WHAT IS TRUTH, What Needs to change in the World, Where's the Global Outrage.

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(Fifteen-minute read)

“As algorithms push humans out of the job market, wealth and power might become concentrated in the hands of the tiny elite that owns the all-powerful algorithms, creating unprecedented social and political inequality.”  Yuval Noah Harari.

Is he right?

Thanks to digital data, the state is able to have visibility on its population but is unable to govern concretely. Indeed, how can effective public policies be put in place if we can not quantify the objectives to be achieved according to the realities already observed?Résultat de recherche d'images pour "social credit system"

The crucial problem isn’t creating new jobs. The crucial problem is creating new jobs that humans perform better than algorithms.

Consequently, by 2050 a new class of people might emerge – the useless class. People who are not just unemployed, but unemployable.

Technology is never the main driver of social progress. Technology is only an amplifier of human conditions.

Why then, do we keep hoping that technology will solve our greatest social ills?

Technology has done nothing to turn the tide of rising poverty and inequality.

Yuval Noah Harari sees the problem clearly, “The most important question in 21st-century economics may well be: What should we do with all the superfluous people, once we have highly intelligent non-conscious algorithms that can do almost everything better than humans?”

Software is eating the world.  More and more major businesses and industries are being run on software and delivered as online services.

Most of what people learn in school or in college will probably be irrelevant by the time they are 40 or 50.

We need to change what we value. If we don’t our political and economic systems will simply stop attaching much value to humans. Even in an age of amazing technology, social progress depends on human changes that gadgets just can’t deliver.

What should we do?

We can’t move from the world we have to the world you want without a total paradigm shift

But what is the truth? What about reality?

Do we really want to live in a world in which billions of people are immersed in fantasies, pursuing make-believe goals and obeying imaginary laws?

Well, like it or not, that’s the world we have been living in for thousands of years already.

In order to move forward, we need to embrace technology both as a means of production and a method for producing new roles while not allowing code itself to push us into oblivion.Photo of a large monitor in a busy intersection showing images of a suspect.

The world may well be becoming more equal with more technology however rather than transferring wealth from the middle-class to the tech elite it does not distribute wealth universally.

This can only be achieved by moving to Universal assets ownership.

A Universal basic salary will only fuel consumption. 

I think most people really do want to believe that they’re contributing to the world in some way, but consumption without a purpose will indeed lead to creating a whole class of flunkies that essentially exist to improve the lives of actual rich people.

Of course, I can hear that Universal Asset ownership is a Socialist idea. But in a world that is now driven by the technology of detachment, we must find a way of engaging in sharing responsibility and rewards.

Sure there are plenty of ways to contribute to society, other than ownership, but, if we are to act as one people, we must be free to decide how and want to contribute.

Returning to the Question of DIGITAL DICTATORSHIP.

I think most people do not want Google to answer their questions. They want Google to tell them what they will have to do next.

If the hegemony of Google is to be demonstrated, we must also understand that the company is filling digital governance that states are struggling to reclaim.

We’ve been taught for the last 30 to 40 years that imagination has no place in politics or economics, but that, too, is bullshit.

So here is a solution.

The trove of data generated by every digital citizen should not be held by governments or companies but by citizens themselves.

If not the digital companion whispering to our ears the next stage will be delimiting the good of the bad.

We already have social-style scores, anyone who has shopped online with eBay has a rating on shipping times and communication. There is a lot of data being collected with little protection, and no algorithmic transparency about how it’s analysed to spit out a score or ranking.

I am not advocating here China’s social credit system which is a vast plan to monitor citizens, judging citizens’ behaviour and trustworthiness. The potential for abuse is enormous. The Social Credit System is in large part a direct response to a collapse in public confidence in government officials and others in positions of authority. Résultat de recherche d'images pour "social credit system"

I am advocating a system of social credits to reward projects that reduce climate change, social inequality and that promotes free education. 

Why not use human wisdom, not machines, to move our world forward.

Democracy as we know it will not survive the Forth Technological Revolution unless we all have a stake in it other than the vote.

Looking at the state of the world the idea of a ‘useless class’ might feel abstract to most of us at the moment and will remain so until we use our buying power as our voting power to effect change.

Right now we’ve got upside down democracy where every decision has been made globally, behind closed doors by corporations. If the people see no point in a democracy, because it seems to have no relevance to their everyday lives and the situation in which they live them, they will not do anything to defend it or take part in its processes.

With Universal Asset ownership business can become part of the solution,
not part of the problem.

That’s a project we can all get behind.

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Who actually is the useless class?

 

 

 

 

 

 

 

 

THE BEADY EYE SAY’S: WE ALL KNOW WHY THE WORLD IS IN SUCH A MESS.

29 Tuesday Jan 2019

Posted by in Capitalism, European Union., Fourth Industrial Revolution., HUMAN INTELLIGENCE, Humanity., Inequality., Life., Modern Day Democracy., Our Common Values., Politics., Populism., Post - truth politics., Reality., Social Media., The common good., The Obvious., The world to day., Unanswered Questions., Wealth., WHAT IS TRUTH, What Needs to change in the World, Where's the Global Outrage., WORLD POVERTY WHERE'S THE GLOBAL OUTRAGE

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(Ten-minute read)

Looking at the world right in front of our eyes it would be fair to say that it is currently falling asunder while we all turn inwards in the fourth technological revolution that is not just undermining world institutions but creating social inequality that is linked to racial inequality, gender inequality, and wealth inequality, not to mention world conflicts.

This is a ringing indictment of our global economic system and there is no justifying it.

So the question is as it has been for the last couple of decades is there enough being done to bring about a more equitable distribution of income on a global scale.Résultat de recherche d'images pour "pictures of inequality and poverty"

The answer is a resounding No. To the extent that it is now hard to imagine any kind of economic miracle that could shrink the worldwide income gap.

Where is global inequality going?

By 2030 the richest 1% will own two-thirds of global wealth.

World lottos, created new billionaire every two days.

The world’s 10 richest billionaires, according to Forbes, own $745 billion in combined wealth, a sum greater than the total goods and services most nations produce on an annual basis.

Between 2009 and 2017, the number of billionaires it took to equal the wealth of the world’s poorest 50 per cent fell from 380 to 42.

But more than 65 per cent of the world’s millionaires continue to reside in Europe or North America. 

WHAT IF ANYTHING CAN BE DONE ABOUT THE DISTRIBUTION OF WEALTH – OR RATHER THE LACK OF IT.

It’s true that wealth inequality has always existed, no matter what the design of the society. Whether capitalist or communist, democratic, autocratic, or plutocratic, it will exist.

Yet many of the extremes we see today are avoidable.

Income disparities have become so pronounced poor health and poverty go hand-in-hand.

It is tempting to see the rising concentration of incomes as some sort of unstoppable force of nature, an economic inevitability driven by globalization and technology.

There is nothing inevitable about untrammelled inequality.

It is the result of an unlevel playing field, the direct consequence of certain government policies.

There is no longer any simple solution.

Nowhere has the distribution of the pie become more equitable.

Increasing the incomes of low-wage workers produces stronger beneficial economic ripple effects than boosting bonuses for the rich.

Excluding Quantitative easing, 97% of money has been created through lending. When somebody borrows money – even just by spending on a credit card – new money is created. No wonder our economy is so geared around finance.

Yet we penalise labour and subsidise both debt and the ownership of assets.

The question is, how fast can developing countries grow in the future? The answer, unfortunately, is not fast enough.

The richest 1 per cent of humanity reaped 27 per cent of the world’s income between 1980 and 2016. The bottom 50 per cent, by contrast, got only 12 per cent.

If you ever wanted to understand where climate change came from, why there are so many wars and the unrest we are witnessing the above figures say it all.

This will only get worse in the near future with the most powerful force driving the distribution of income on a worldwide scale will be raw economic growth:

Will poor countries make sufficient progress relative to their rich peers to bring more balance to the distribution of global income?

Or will rising inequality within countries dominate?

It depends on three forces: countries’ economic and population growth, as well as the evolution of inequality within them.

This is no longer true. The forth Industrial technological revolution is going to require more aggressive redistribution through taxes and transfers.

Why because social inequality is now very different from economic inequality, though the two are linked.

Areas of social inequality include access to voting rights, freedom of speech and assembly, the extent of property rights and access to education, health care, quality housing, travelling, transportation, vacationing and other social goods and services. In the quality of family and neighbourhood life, occupation, job satisfaction, and access to credit.

All of these areas are now been data mined for profit by you know who with us supplying the data scot free.

We all know that more inequality means less wealth for everyone. .. but are we seeing countries deciding to push vigorously back against inequality. No

Ballooning wealth inequality is a threat to society.

globalization has also upended the agricultural and manufacturing sectors in many countries.

“In every country, just about, the disproportionate economic clout of those at the top has provided these individuals with wildly disproportionate influence on their countries’ political life and on its media; on what policies are pursued and whose interests end up being ignored,” Obama said.

He is right!

Wealthy must contribute or be forced to the larger benefits of society.

Inequality is not inevitable – it is a political choice.

It represents social and political issues that no party or government can afford to neglect.

Foot Note: To us Europeans.

Europe, unfortunately, has not been at the forefront of this battle, at least not EU institutions.

On the contrary, it has for long remained complacent, as EU treaties require unanimity on tax matters and as the bloc includes countries such as Luxembourg that have benefitted massively from corporate and individual tax avoidance.

For decades, the EU was dominated by an unholy alliance among three types of governments: those that rejected the very principle of international tax coordination as an infringement on sovereignty; those that benefitted from tax competition; and those that used it as a way to overcome domestic reluctance to the reduction of redistribution.

For an institution that is supposed to be based on values and that hails the European social model, this is humbling, and the EU is now paying a political price for its long inertia.

Social inequality can also be established through discriminatory legislation.

Things have started to change.

Thanks to Yellow Jacks and Brexit we may witness only if we truly want it some improvements.

In the battle for fairer globalisation, with more and more Foodbanks and homeless people, it is far too early to claim victory.Résultat de recherche d'images pour "pictures of inequality and poverty"

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THE BEADY EYE SAY’S: ” THE TIME WILL COME WHEN WE REALIZE THAT WE ARE NOT ABLE TO EAT MONEY.”

28 Wednesday Nov 2018

Posted by in Capitalism, Climate Change., Environment, Fourth Industrial Revolution., Humanity., Life., Modern day life., Natural World Disasters, Our Common Values., Paris Climate Change Conference 2015, Reality., Sustaniability, Technology, The common good., The essence of our humanity., The Obvious., The world to day., Unanswered Questions., Wealth., What Needs to change in the World, Where's the Global Outrage., World Leaders, World Politics

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WE SHOULD BE ALL FAMILIAR WITH THE ABOVE QUOTATION.

It is a “Native American saying”.

“Canada, the most affluent of countries, operates on a depletion economy which leaves destruction in its wake. Your people are driven by a terrible sense of deficiency. When the last tree is cut, the last fish is caught, and the last river is polluted; when to breathe the air is sickening, you will realize, too late, that wealth is not in bank accounts and that you can’t eat money.”

When one stands back from one’s self the above sums up the present state of our world.Résultat de recherche d'images pour "THE TIME WILL COME WHEN WE REALIZE THAT WE CANNOT EAT MONEY"

Present needs and present gains was the rule of action—which seems to be a sort of transmitted quality which we in our now enlightened time have not wholly outgrown, for even now a few men can be found who seem willing to destroy the last tree, the last fish and the last game bird and animal, and leave nothing for posterity, if thereby some money can be made.

We are unable to change as we have turned everything into commodities to make material profit or power.

WHY?

Because most are suffocating in a sea of debt, unable to extricate themselves from the shackles of an abhorrent situation inherently created by the consumptionism and consumerism that grips much of the world’s population.

We are, in effect, products of our own society, now being exploited by AI for profit.

What is needed is a World Conference of every nation to enshrine in law the protection of Clean Air, Freshwater, the protection of the environment and ecosystems that we all rely on for life on the planet.

The richer we are and the more we consume, the more self-centered and careless of the lives of others we appear to become.

Our erroneous belief that we are more concerned about manmade climate change than the people of other nations informs the sentiment, often voiced by the press and politicians, that there’s no point in acting if the rest of the world won’t play its part.

Only when the crisis causes or exacerbates an acute disaster – such as the floods – is there a flicker of anxiety, but that quickly dies away.

Sustaining interest in this great but slow-burning crisis of climate change is a challenge no one seems to have mastered.

For years we’ve been told that people cannot afford to care about the natural world until they become rich; that only economic growth can save the biosphere, that civilisation marches towards enlightenment about our impacts on the living planet.

The results suggest the opposite.

The more we consume, the less we feel. And maybe that doesn’t just apply to guilt.

Perhaps that’s the point of our otherwise-pointless hyperconsumption: it smothers feeling. It might also be the effect of the constant bombardment of advertising and marketing. They seek to replace our attachments to people and place with attachments to objects: attachments which the next round of advertising then breaks in the hope of attaching us to a different set of objects.

Even if you somehow put aside the direct, physical impacts of rising consumption, it’s hard to understand how anyone could imagine that economic growth is a formula for protecting the planet.

So what we seem to see here is the turning of a vicious circle.

The more harm we do, the less concerned about it we become. And the more hyperconsumerism destroys relationships, communities and the physical fabric of the Earth, the more we try to fill the void in our lives by buying more stuff.

This is an almost inevitable result of a society that has become restructured around shopping, fashion, celebrity and an obsession with money.

How we break the circle and wake people out of this dream world is the question that all those who love the living planet should address.

There is only one easy answers.

We must make Greed in all its forms of profit for profit sake pay. ( See previous Posts – A world Aid commission )

Agreement’s like the Paris Climate Change promises are not worth the paper there are written on without the necessary finance to create a change of mind.

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THE BEADY EYE SAY’S: WE SHOULD NEVER UNDERESTMATE HUMAN STUPIDITY

20 Thursday Sep 2018

Posted by in 2018: The Year of Disconnection., Algorithms., Artificial Intelligence., Big Data., Capitalism, Climate Change., Environment, Evolution, Facebook, Fake News., Fourth Industrial Revolution., Google Knowledge., HUMAN INTELLIGENCE, Humanity., Life., Modern day life., Natural World Disasters, Nuclear power., Our Common Values., Politics., Populism., Reality., Social Media, Sustaniability, Technology, The cloud., The common good., The essence of our humanity., The Future, The Internet., The Obvious., The world to day., Trade Agreements., Twitter, Unanswered Questions., War, Wealth., What Needs to change in the World, Where's the Global Outrage., World Organisations.

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(Five-minute read)

You don’t need me to tell you that we are living through an era of tremendous transition and disruption and whether or not we are comfortable with AI may already be moot:

HOWEVER, THE THREE BIGGEST PROBLEMS FACING THE WORLD CLIMATE CHANGE, ARTIFICIAL INTELLIGENCE IN THE FORM OF PROFIT SEEKING ALGORITHMS, AND NUCLEAR WAR REMAIN VIRTUALLY IGNORED DUE TO OUR STUPIDITY. 

NONE OF THESE PROBLEMS CAN BE SOLVED BY ARTIFICIAL INTELLIGENCE OR ON A NATION BY NATION APPROACH.

THEY ARE GLOBAL AND NEED GLOBAL COOPERATION TO BE SOLVED.

IT MAY BE HARD TO BUY INTO THESE PROBLEMS AFTER HAVING GROWING UP IN THE ERA OF INDUSTRY BUT UNFORTUNATELY GOVERNMENTS, WORLD INSTITUTIONS, AND BUSINESS AND US WILL FIND OURSELVES AT THE HELM OF THE PAST IF WE PERSIST WITH THE BELIEF THAT ECONOMIES, CONSUMPTION, AND PROFIT IS THE HOLY GRAIL OF OUR EXISTENCE.

Unfortunately, human stupidity is perhaps the most powerful force humanity has at its disposal to combat the direction we are going to- Extinction.Résultat de recherche d'images pour "pictures of stupidity"

WHEN IT COMES TO IDENTIFYING ITS EFFECTS THERE IS NO PROBLEM FINDING EXAMPLES IN THE PAST.

WE ARE NOW TRANSFERRING STUPITY INTO THE FUTURE IN THE FORM OF ARTIFICIAL INTELLIGENCE THAT NO ONE UNDERSTANDS OR WILL BE ABLE TO UNDERSTAND.

Remembering that there are no defenses against stupidity. The more pertinent question now is whether we can and ought to build trust in systems that can make decisions beyond human oversight that may have irreversible consequences.

In the internet era, technology is changing at an alarming rate. We, humans, are becoming increasingly reliant on the World Wide Web. This is leading to a decrease in the retention capacity of the human brain and an overall downfall in the intelligence quotient of Homo sapiens.

The only way a society can avoid being crushed by the burden of its idiots is if the non-stupid work even harder to offset the losses of their stupid brethren.

If we take a critical look at the three global problems starting with the current global position on climate change:

Reduce carbon emissions on a national promises bases – stupid.

The bottom line is, take action to cool your planet or the planet will take action and cool your life – forever.

The development of AI:

Turn a blind eye by continuing to feed human existence data into algorithms for profit and power thus concentrating both into the hands of a few Clouds- stupid.  

Nuclear Power:

Elect Facebook and Twitter leaders, while Social media feeds us personal recommendations and false News- stupid. 

IS IT TIME TO GET OUR HEAD OUT OF THE SAND AND DEMAND SOME GLOBAL INTELLIGENCE TO TACKLE THE GLOBAL PROBLEMS.

RATHER THAN TRADE WARS, PROMISES, NATIONAL ASPIRATIONS, PROFIT FOR PROFIT SAKE, WARS, INEQUALITY, WE COULD LOOK AFTER EACH OTHER AND THE EARTH WE ALL LIVE ON BY ENSURING THE AI SERVES US ALL EQUALLY NOT THE FEW. 

Résultat de recherche d'images pour "pictures of stupidity"

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