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Tag Archives: Capitalism

THE BEADY EYE SAYS. ITS IS NOT CLIMATE CHANGE OR COVID THAT IS THE PROBLEM. IT IS AS SHOWN BY COP26/G20 THE UNFFETTED PERSUIT OF ECONOMIC GROWTH AND PROFIT .

16 Tuesday Nov 2021

Posted by bobdillon33@gmail.com in 2021. The year for change., A Constitution for the Earth., Capitalism

≈ Comments Off on THE BEADY EYE SAYS. ITS IS NOT CLIMATE CHANGE OR COVID THAT IS THE PROBLEM. IT IS AS SHOWN BY COP26/G20 THE UNFFETTED PERSUIT OF ECONOMIC GROWTH AND PROFIT .

Tags

Capitalism, Capitalism and Greed, Capitalism vs. the Climate.

 

(Two-minute read) 


COP26/G20 ARE NOW BOTH PERFECT MODELS OF OUR COLLECTIVE FAILURE TO BUILD INSTITUTIONS CAPABLE OF COPING WITH, DEEP LONG-TERM. EXISTENTIAL PROBLEMS CAN NOT BE SOLVED BY EITHER GOING TO WAR OR RELYING ON FUTURE TECHNOLOGIES.

Now we find that the entire globe is trapped in the gruesome logic of Capitalism.

It’s perfectly OK for rich countries to continue doing something that is destroying the planet as long as the profit reaped will allow them to insulate themselves from the consequences.

We, that is all of us homo sapiens rose above the lesser animals thanks to our ability to wield logic and reason, yet we have managed to get ourselves to a place where the knowledge of what is driving all of the wildfires, floods, droughts, and disasters is not enough to enable us to do anything meaningful to stop it.

Of course, we need a price on carbon. Of course, we need extremely strict emissions regulations, massive green energy investments, and a maniacal focus on sustainability fierce enough to radically change a society that is built to promote unlimited consumption.

Capitalism is a machine made to squeeze every last cent out of this planet until there is nothing left.

We can either fool ourselves about that until it kills us, or we can change it.

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

 

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THE BEADY SAYS; THE TIME HAS COME TO COMMENCE CREATING A NEW IDOLOGY TO LIVE ON AND WITHIN EARTH.

03 Sunday Jan 2021

Posted by bobdillon33@gmail.com in #whatif.com, 2020: The year we need to change., 2021. The year for change., A Constitution for the Earth., Artificial Intelligence., Capitalism, Civilization., Climate Change., COVID-19, Disaster Capitalism., Earth, Environment, Evolution, Fourth Industrial Revolution., Fresh Water., How to do it., HUMAN INTELLIGENCE, Human values., Humanity., Inequality, Life., Natural World Disasters, Our Common Values., Pandemic, Paris Climate Change Conference 2015, Political Trust, Politics., Populism., Post-Covid-19, Privatization, Reality., Sovereign wealth fund, Survival., Sustaniability, Technology v Humanity, The common good., The essence of our humanity., The Future, The Obvious., The pursuit of profit., The state of the World., Trade Agreements., Truth, Truthfulness., 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 Economy., World Leaders

≈ Comments Off on THE BEADY SAYS; THE TIME HAS COME TO COMMENCE CREATING A NEW IDOLOGY TO LIVE ON AND WITHIN EARTH.

Tags

Algorithms., Artificial Intelligence., Capitalism, Capitalism and Greed, Capitalism vs. the Climate., Climate change, Coronavirus (COVID-19), Distribution of wealth, Earth, Environment, Global warming, Globalization, IDEOLOGIES., Sovereign wealth fund, Technology, The Future of Mankind, Visions of the future., World aid commission

 

( A seven-minute read) 


IF THERE IS ANYTHING TO LEARN FROM COVID IT IS THAT WE HUMANS MUST CHANGE THE WAY WE LIVE COLLECTIVELY AND INDIVIDUALLY ON THIS PLANET.

CURRENTLY, WE ALL LIVE WITHIN IDEOLOGIES THAT ARE BROKEN.

SOME VISIBLE SOME NOT. 

(An ideology (/ˌʌɪdɪˈɒlədʒi/) is a set of beliefs or philosophies attributed to a person or group of persons, especially as held for reasons that are not purely epistemic, in which “practical elements are as prominent as theoretical ones.” Wikipedia. 

There are many different kinds of ideologies, including political, social, epistemological, and ethical.

  • “We do not need…to believe in an ideology. All that is necessary is for each of us to develop our good human qualities. The need for a sense of universal responsibility affects every aspect of modern life.” — Dalai Lama.
  • “The function of ideology is to stabilize and perpetuate dominance through masking or illusion.” — Sally Haslanger
  • “[A]n ideology differs from a simple opinion in that it claims to possess either the key to history or the solution for all the ‘riddles of the universe,’ or the intimate knowledge of the hidden universal laws, which are supposed to rule nature and man.” — Hannah Arendt)

At the root of all these ideologies is the value of money.

HOW IT IS ACQUIRED AND DISTRIBUTED IS WHAT NEEDS TO BE CHANGED.

A religion may present a vision of a just society, but it cannot easily have a practical political program with or without money.  

All idea systems have a class basis. This class bias is defined by the acquisition of wealth in one form or another – assets, power, etc. Nither however can any longer dominate the state through an appeal to the populace, and then use the powers of the state to control both the economy and the private lives of the citizen’s work.

No longer can politics itself, acquire certain ideological characteristics whose true nature is concealed.

All forms of isms that belong to the 19th or 20th century may suggest that ideologies are no older than the word itself—that they belong essentially to a period in which secular belief increasingly replaced traditional religious faith.

So let’s ask the question.   

Where are we?

In terms of truth we now in a world both connected and disconnected in the extreme sense of the word connected.

IT IS CLEAR THAT THE WORLD NEEDS TO MOVE BEYOND SLOGANS.

A system that rewards those with capita while taxpayer’s money is used to support food banks for those out of work is not sustainable.

The economic injustices are plain to see with historic debt the inheritance of the young along with irreversible climate change and biodiversity collapse.

We now need an ism that shifts human values to a different set of values by placing the earth’s healthy existence at the forefront of all our values.

WE MUST NOT ONLY CONFRONT OUR MISUNDERSTANDINGS OF THE NATURAL WORLD WE MUST USE KNOWLEDGE NOT AS A MEANS TO CREATE WEALTH BUT AS A GLOBAL UNDERSTANDING WHERE WE ARE AT. 

WE CAN NO LONGER STAND BYE AND WATCH BIG TECH MONOPOLIES COMPANIES SWALLOW WHAT IS LEFT OF COMPETITION.

WE CAN NO LONGER STAND BYE AND WATCH A MARKET PLACE THAT CREATES WINNERS AND LOSERS ON THE BASES OF WEALTH. 

WE CAN NO LONGER WATCH WORLD ORGANISATIONS GOVERNED BY VETOES.

WE ALL DEPENDENT ON EACH OTHER AND OTHERS AND MUST COLLABORATE WITH ALL THAT SURROUNDS US.  

No longer is it possible for any system whether it’s socialism, communism, anarchism, fascism, nationalism, liberalism, and conservatism to be FREE OF INTERFERENCE FROM ARTIFICIAL INTELLIGENCE, MACHINE LEARNING, AND UNCONTROLLED ALGORITHMS.

THESE TECHNOLOGIES IN THEIR PRESENT STATE ARE SIGNALING THAT INTERPRETATIONS OF IDEOLOGIES ARE OUT OF DATE. 

You only have to look at the world to see the inequalities created by the pursuit of growth at any cost. This pursuit has turned all of earth’s resources into products to produce more products sold in a marketplace governed by short term profit. 

No longer is it possible to take fresh air, fresh water for granted. 

If we don’t want a world where from birth to death is viewed as an opportunity to exploit our weaknesses and essential needs to live out our lives in the first place,  we need AN NEW IDOLOGIE CALLED REALISM, NOT ESCAPISM, NOT APATHY, OR ANY MONOTHEISM, OR NEOREALISTS

“ Rather a collective meanings that constitute the structures which organize our actions.”

There is only one solution.

That is as advocated by this blog in several posts to Harness PROFIT FOR-PROFIT SAKE.

High-frequency trading with algorithms, sovereign wealth funds buying earth resources – land, water, energy, futures/ hedge funds – betting on demand, currency exchanges manipulating value, trade deals excluding fair trade, the list is endless. 

ALL ACTIONS THAT ARE NOW REQUIRED TO CHANGE COURSE REQUIRE FUNDING.

A 0.05% WORLD AID COMMISSION ON ALL ACTIVITIES THAT ARE NOT SUSTAINABLE WILL CREATE A PERTUTIAL FUND OF TRILLIONS TO CREATE A WORLD THAT’S WORTH LIVING ON.  

There is one thing for certain change is happing but the window for change is closing.

Climate change is not something that might happen in the future. 

We need a new relationship, to a more sustainable relationship with the natural world.

Creative imagination is what’s required so if you read this post let’s hear your comments.  

 https://youtu.be/GCwHki1q_I8

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

  

 

 

 

 

 

 

 

 

 

Social unrest in the long tall grass while a few billionaires laugh there a way to the bank 

 

 

 

 

 

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THE BEADY EYE SAY’S. GOLLY GOSH ARE WE BEGINNING TO REALIZE THAT WE NEED TO DO SOMETHING .

17 Thursday Sep 2020

Posted by bobdillon33@gmail.com in #whatif.com, 2020: The year we need to change., Algorithms., Capitalism, Climate Change., COVID-19, Disconnection., Environment, Fourth Industrial Revolution., How to do it., HUMAN INTELLIGENCE, Human values., Humanity., Imagination., Life., Natural World Disasters, Our Common Values., Paris Climate Change Conference 2015, Post - truth politics., Post-Covid-19, Purchasing Power., Reality., Survival., Sustaniability, Technology v Humanity, Telling the truth., The common good., The essence of our humanity., The Future, The Obvious., The pursuit of profit., The state of the World., The world to day., Unanswered Questions., We can leave a legacy worthwhile., WHAT IS TRUTH, What Needs to change in the World, World Aid., World Leaders, World Politics

≈ Comments Off on THE BEADY EYE SAY’S. GOLLY GOSH ARE WE BEGINNING TO REALIZE THAT WE NEED TO DO SOMETHING .

Tags

Algorithms., Capitalism, Capitalism and Greed, Capitalism vs. the Climate., Climate change, Coronavirus (COVID-19), Extinction, The Future of Mankind, Visions of the future.

 

(Three-minute read) 


“WE NEED TO DO”

IS PROBABLY THE MOST USED TERM IN CURRENT DAY CONVERSATIONS – POLTICALY OR OTHERWISE.

Against the background of a doubling of the world population every thirty-odd years, it’s no wonder that we find ourselves facing intractable problems and we need to do something about them.    

The Covid-19 pandemic so far has only killed a mear 800,000 while ongoing wars over 100 million in the 20th century.

We now live in a world of lip service, (used by silent data collection – profit-seeking – algorithms that could not give a shit), are run by corporations, the manipulators of the need-to-do, in order to promote consumption, whatever the cost, long term, or short term. 

The recycling of plastic alone is an example. We are told that we need to recycle plastic by companies that continue to produce it in the trillions of tons.  

I am not sure about you, but I am a little ashamed to be human right now.

Why? 

Because none of our world organizations, governments, the current crop of leaders have at their core a true understanding that we all live and rely upon the planet to be able to kill each other, love each other, and propagate more of us. 

With the COVID-19 pandemic shining a light onto societal and economic systems all across the world, exposing the flaws of a capitalist society we are still driven by greed, religious beliefs, social media, advertising. 

The pandemic-induced health crisis has rapidly ignited an economic crisis with yet unknown consequences for financial stability, and all is being played out against the backdrop of a climate crisis that cannot be addressed by “business as usual.

We are now facing problems all of which have to be resolved at the same time, otherwise, we will simply be solving problems in one place while creating new ones elsewhere.

So golly gosh the COVID-19 crisis is exacerbating all these problems and what are we doing about it other than convene world leaders in a virtual format to seek action and solutions for a world in crisis. (The united nations on the 17 Sep- 5 Oct) 

You can rest assured what we will witness as we did with the Paris climate change is countries promising virtual undertakings, with no means of enforcement, or transparency.   

Some years ago 150 countries set a list of goals to be achieved by 2020 to improve the world’s biodiversity, not one was achieved and humanity is now at a crossroads. 

Why?

Because countries will virtually promise whatever when it does not cost them arm and a leg. Virtual multilateralism is a joke in the extreme when we need value creation instead of value extraction when the pillars of our world are being shaken to the core.

The COVID -19 will cost trillions while reversing climate change will save trillions.

We all know that we need to grasp the opportunity to fix the system. If we don’t, we will stand no chance against – an increasingly uninhabitable planet – and all the smaller crises that will come with it in the years and decades ahead.

It’s used to be challenging and difficult to make predictions especially about the future now its child play  —  BLEAK 

What can we the people of the world do?

We are incapable of acting as one for obvious reasons, but every one of us needs a habitable planet. We could weaponize our buying power to accelerate actions on biodiversity for sustainable development. 

By doing so the world of profit would change. 

What can countries do? 

To realize that we are not as unique as a species and that the risk extinction has never been greater.  Stop god wobbling as there has been nothing like what we are now looking at in human history. 

Don’t trade with countries that breach environmental sustainability.

The like hood of either of the above happening is zilch.     

So the world of profit has to be taped into, in order to reboot the numerous we need to do.

(See the previous posts on a World Aid Commission of 0.05%)

We need to rise up and speak up!

So all I’m saying is that communication needs to start now not tomorrow. 

Transparency needs to start now not tomorrow.

Yes we are all different and what we do with our differences needs to make a difference.

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

 

 

 

 

 

 

 

 

 

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THE BEADY EYE SAY’S : Where will we be in six months, a year, ten years from now?

31 Tuesday Mar 2020

Posted by bobdillon33@gmail.com in 2020: The year we need to change., Artificial Intelligence., Capitalism, Climate Change., CORONA VIRUS., COVID-19, Dehumanization., Democracy., Digital age., Disconnection., Environment, Evolution, Fourth Industrial Revolution., HUMAN INTELLIGENCE, Human values., Humanity., Inequality, Life., Lock Down., Modern day life., Our Common Values., Political Trust, Politics., Populism., Post - truth politics., Poverty, Reality., Survival., Sustaniability, Technology v Humanity, The common good., The Future, The Internet., The Obvious., The pursuit of profit., The state of the World., The world to day., Truth, Truthfulness., Unanswered Questions., VALUES, Wealth., WHAT IS TRUTH, What Needs to change in the World, Where's the Global Outrage., World Economy., World Organisations., World Politics

≈ Comments Off on THE BEADY EYE SAY’S : Where will we be in six months, a year, ten years from now?

Tags

Artificial Intelligence., Business and Economy, Capitalism, CORONA VIRUS., Coronavirus (COVID-19), Distribution of wealth, Extinction, Global warming, Globalization, Inequility, Technology, The Future of Mankind, Visions of the future.

 

 

( An essential twenty-minute read) 



It all depends on how governments and society respond to coronavirus and its economic aftermath.

As we know COVID-19 is highlighting serious deficiencies in our existing system. 

Hopefully, we will use this crisis to rebuild, produce something better and more humane. But we may slide into something worse.

My focuses on this post are on the fundamentals of the modern economy: global supply chains, wages, and productivity.

I argue that we will need a very different kind of economics if we are to build socially just and ecologically sound futures.

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

——————————————————————————————–

The COVID-19 pandemic is simply the amplification of the dynamic that drives other social and ecological crises: The prioritisation of one type of value over others. 

From an economic perspective, there are four possible futures:

Descent into barbarism, robust state capitalism, radical state socialism, and a transformation into a big society built on mutual aid.

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.

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.

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

Tackling both COVID-19 and climate change is much easier if you reduce nonessential economic activity.

The epidemiology of COVID-19 is rapidly evolving. But the core logic is similarly simple. People mix together and spread infections.

We can see from Wuhan that social distancing and lockdown measures like this are effective.

Political economy is useful in helping us understand why they weren’t introduced earlier in European countries and the US.

We are now facing a serious recession and we are living with an economic system that will threaten collapse at the next sign of pandemic.

The economics of collapse is fairly straightforward.

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.

Businesses can and do (over short time periods) hold on to workers that they don’t need immediately: They 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.

In a normal crisis, the prescription for solving this is simple.

The government spends, and it spends until people start consuming and working again.

This pressure has led some world leaders to call for an easing of lockdown measures.

But normal interventions won’t work here because we don’t want the economy to recover (at least, not immediately). The whole point of the lockdown is to stop people going to work, where they spread the disease.

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.

At its core, the economy is the way we take our resources and turn them into the things we need to live.

Looked at this way, we can start to see more opportunities for living differently that allow us to produce less stuff without increasing misery.

So how do you reduce the amount of stuff you make while keeping people in work?

You have to reduce people’s dependence on a wage to be able to live.

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

This is why markets are seen as the best way to run society. They allow you to adapt, and are flexible enough to match up productive capacity with use-value.

What COVID-19 is throwing into sharp relief is just how false our beliefs about markets are. 

There are lots of contributing factors to this. But let’s take two.

First, it is quite hard to make money from many of the most essential societal services-key workers low-paid employee. This is in part because a major driver of profits is labour productivity growth: doing more with fewer people – automation.

Second, jobs in many critical services aren’t those that tend to be highest valued in society. Many of the best-paid jobs only exist to facilitate exchanges; to make money.

People are compelled to work pointless jobs (they serve no wider purpose to society: ie. consultants, huge advertising industry and a massive financial sector) because, 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.

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.

While state-capitalist society continues to pursue exchange value as the guiding light of the economy. It also enacts a massive Keynesian stimulus by extending credit and making direct payments to businesses.

The expectation here is that this is will be for a short period.

Could this be a successful scenario?

Possibly, but only if COVID-19 proves controllable over a short period.

Limited state intervention will become increasingly hard to maintain if death tolls rise.

Increased illness and death will provoke unrest and deepen economic impacts, forcing the state to take more and more radical actions to try to maintain market functioning.

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.

Could this happen?

The concern is that either it could happen by mistake during the pandemic, or by intention after the pandemic peaks.

Potentially just as consequential is the possibility of massive austerity after the pandemic has peaked and governments seek to return to “normal”.

This would be disastrous. The subsequent failure of the economy and society would trigger political and stable unrest, leading to a failed state and the collapse of both state and community welfare systems.

Then there is the possibility that we could see with a cultural shift that places a different kind of value at the heart of the economy.

The state steps in to protect the parts of the economy that are essential to life: so that the basic provisions of life are no longer at the whim of the market. The state nationalises hospitals and makes housing freely available. Finally, it provides all citizens with a means of accessing various goods – both basics and any consumer goods we are able to produce with a reduced workforce.

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

Payments are made to everyone directly and are not related to the exchange value they create.

Instead, payments are the same to all (on the basis that we deserve to be able to live, simply because we are alive), or they are based on the usefulness of the work.

A Basic Universal Income.

Supermarket workers, delivery drivers, warehouse stackers, nurses, teachers, and doctors are the new CEOs.

If deep recessions happen and there is a disruption in supply chains such that demand cannot be rescued by the kind of standard Keynesian policies we are seeing now (printing money, making loans easier to get and so on), the state may take overproduction.

There are risks to this approach – we must be careful to avoid authoritarianism. But done well, this may be our best hope against an extreme COVID-19 outbreak.

Mutual aid is the second future in which we adopt the protection of life as the guiding principle of our economy. But, in this scenario, the state does not take a defining role. Rather, individuals and small groups begin to organise support and care within their communities.

The most ambitious form of this future sees new democratic structures arise. Groupings of communities that are able to mobilise substantial resources with relative speed. People coming together to plan regional responses to stop disease spread and (if they have the skills) to treat patients.

This kind of scenario could emerge from any of the others.

What hopefully is clear is that all these scenarios leave some grounds for fear, but also some for hope.

The upside of this is the possibility that we build a more humane system that leaves us more resilient in the face of future pandemics and other impending crises like climate change. 

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) organising around those values.

Not low-paid workers or National Minimum Wage or National Living Wage because their work is so vital.

Successive governments had failed to reduce inequality between rich and poor despite two decades of interventions.

We must now with an uncertain future focus more on the journey, rather than the ultimate destination.

But be no doubt that we are at a crossroad where the low pay culture that has trapped people in poorly jobs is coming to an end. 

Capitalism Inequality can not be allowed to continue. 

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

 

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

05 Tuesday Nov 2019

Posted by bobdillon33@gmail.com 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

≈ Comments Off on THE BEADY EYE OBSERVES WHAT TECHNOLOGY IS DOING TO THE PURSUIT OF PROFIT.

Tags

Algorithms trade., Algorithms., Artificial Intelligence., Business and Economy, Capitalism, Capitalism and Greed, Distribution of wealth, Globalization, Inequility, Sovereign wealth fund, Technology, The Future of Mankind, Visions of the future., World aid commission

 

( 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)

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

 

 

 

 

 

 

 

 

 

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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 bobdillon33@gmail.com 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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Algorithms., Capitalism, Capitalism vs. the Climate., Globalization, Greed, Inequility, Technology, The Future of Mankind, Visions of the future.

 

( 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. 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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.

 

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THE BEADY EYE SAY’S. HUMANITY MUST NOW COME FIRST.

16 Monday Sep 2019

Posted by bobdillon33@gmail.com in 2019: The Year of Disconnection., Algorithms., Artificial Intelligence., Capitalism, Climate Change., Dehumanization., Democracy, Environment, Evolution, Fourth Industrial Revolution., Google Knowledge., HUMAN INTELLIGENCE, Humanity., Inequality, Life., Modern day life., Politics., Populism., Post - truth politics., Reality., Sustaniability, Technology, The common good., The essence of our humanity., The state of the World., The world to day., WHAT IS TRUTH, What Needs to change in the World, Where's the Global Outrage., World Politics

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Algorithms., Artificial Intelligence., Capitalism, Capitalism and Greed, Climate change, Community cohesion, Earth, Environment, Technology, The Future of Mankind, Visions of the future.

 

( Seventeen-minute read)

The world has been so depleted and is being so depleted even at this moment, that the future sustenance and stability for humanity is now imperilled.

Your future and your destiny will not be determined within the next decades. It will be determined now.

It will be determined by humanity’s wisdom or by its ignorance.

The future and fate of humanity will be decided in the years to come, and it will be determined by how humanity responds to the great change that is coming over the horizon in the form of climate change to the world.

No religion nor religious institution as it stands today can prepare humanity for the complexities of life in the universe or what humanity must know to preserve human freedom and sovereignty within this world.

It is what humanity must do to prepare both collectively and individually for climate change and our collective inability to regulate AI.

But because humanity as a whole is dull and ignorant, self-absorbed and unresponsive to a changing world we are still writing ourselves out of the script.

Our universities for years have taught classical/neoclassic/neoliberal economics; like these theories are unmovable divine pillars of reality.

Therefore, while most people see we need a more reasonable and democratic version of our current extreme capitalism, the dominant discourse insists the story not be changed at all. The dominant political narrative of our times is that we must live as individuals crushed between market and state. The relationship between the individual and the state boils down to a zero-sum game where everyone one eventually looses. The state is a pure and simple force.

With the effects of climate change (to come) people are waking up to the deception, let’s hope we can do right, because on all fronts of civilization as we know it time is running out.

We have political failure everywhere leading to the malfunctioning of our altruistic nature.

There is a disconnect between mass (commercial) media, even political science and common sense or popular wisdom.

Sounds to cynical?

Let me oil up my bow.

Present-day political failures are at heart of our problems.

Why?

Because there is a failure of imagination when it comes to the societal structure we evolved to live in and that our brains are still programmed for.

Google, Apple, Facebook, Amazon, etc.

These new organizations are actually not creating a dream environment of maximum social cooperation.

They are instead removing people’s needs to fulfilling each other’s needs!

Gnawing away our collective and individual identity our senses of belonging to a community for the sake of profit.

We need politics of belonging, but the trouble is, it requires a moral, ethical and educated populations which we don’t have and are now with AI are more than likely than ever never going to have.

As we rely on more and more Algorithms to make decisions without a discussion of facts and morals, against a background of pure data narrative can lead society to dark places.

We are unaware of what I call honest pricing that shows the cost of profit for profit sake to the environment.

If we were to charge fees proportional to harmful impacts on the environment, we would create a monetary representation of the value of natural resources.A Brazilian protester stands before gunfire during protests against corruption and police brutality.

So overcoming the material world would be the first step to a sustainable world-shifting us into a new reality.

We are left with the ever-present questions.

Do we give a toss and if so what can be done about it?

What roles do religion and our deepest beliefs play in contemporary life?

What lifestyles are we adopting in an increasingly technological world?

What is the balance of power–and the balance of trade?

What is the pattern of war and peace?

What are the issues facing local and regional communities, and what issues must we confront on a global scale?

What do we remember about our collective past, and how do we see the future?

Have the great issues that preoccupied people since the beginning of time taken new, distinctive forms after more than a hundred years of the fastest technological and cultural change in the history of the planet?

What challenges remain intractable?

What emerging solutions seem to offer the greatest promise?

Social media is full of video on the state of the world.

The need for clear-headed prioritisation of resources to tackle real, not imagined problems.

Despite that long record of success, agricultural production is stressed by floods, deforestation, drought, urbanization (land-devouring cities), and a growing appetite for resource-intensive meat.

More than 150 million people worldwide are at risk from rising sea levels and extreme storms that cause coastal flooding.

In the past 50 years, thanks to education and technology, more than 2 billion people joined the middle class, swelling the human footprint of nearly 50 per cent. At the same time, millions of acres of cropland have been devoured by population growth.

Today more than 6 billion people live in cities—about 70 per cent of the world’s population, roughly double the proportion of a half-century ago.

The Arctic may hold 22 per cent of the world’s undiscovered conventional oil and natural gas resources. Melting ice is liberating immense oil and natural gas reserves.

Although mounting worldwide energy demand continues to stress the environment, it has powered large-scale development of renewable energy.

Artificial intelligence will soon dominate the Earth—it could take decades, it could take millennia. At that point, AI will also take control of the Earths process. Refashioning the planet in ways that are optimal for synthetic life but quite possibly deadly for us.

You can’t help but wonder where it will lead. It’s a very dodgy future.

It may be true that the cosmos started with the Big Bang, some 14 billion years ago, but it took an awfully long time for the consequences of the Big Bang to settle down.

To have an optimistic view is the only one worth having.Our world relies on vast global networks.

So may you recognize that you as an individual must make these decisions and not simply rely upon others to make them for you.

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

 

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THE BEADY EYE ASKS: ARE WE LOOKING NOT JUST AT THE BEGINS OF A FAILED STATE BUT THE FINAL DEATH THROBS OF A EMPIRE

26 Monday Aug 2019

Posted by bobdillon33@gmail.com in Brexit v EU - Negotiations., Brexit., Capitalism, Climate Change., Democracy, Environment, European Commission., European Union., Fourth Industrial Revolution., HUMAN INTELLIGENCE, Humanity., Inequality, Life., Our Common Values., Politics., Populism., Post - truth politics., Reality., Social Media, Sustaniability, The essence of our humanity., The new year 2109, The Obvious., The Queen., The state of the World., The world to day., Twitter, Unanswered Questions., WHAT IS TRUTH, What needs to change in European Union., What Needs to change in the World, Where's the Global Outrage.

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Brexit v EU - Negotiations., Capitalism, Capitalism and Greed, Capitalism vs. the Climate., Climate change, Community cohesion, Earth, Environment, European Union, Inequility, The Future of Mankind

 

(Fifteen-minute read)

The British Empire was the largest in history existing from the sixteenth century into the twentieth century.

Unfortunately, it squandered all that it acquired on a victorian class system.

Queen Elizabeth II

It killed with famine, sword and fire more people than Genghis Khan, Attila the Hun, Hitler or Stalin.

In the defence of its imperial interests, it precipitated in two World Wars.

Now it is presiding with “Mad cow disease” it’s very own self-destruction.

At stake are fundamental ideas about British sovereignty and whether in a

a progressively globalized world in which some claimed that the individual

the nation-state was becoming unviable with the can sovereignty in its

existing forms remain intact.

Queen Elizabeth II in 1992, referred to the year as the royal family’s “annus horribilis.”

SHE WAS WRONG.

Why?

Because along came a five-year austerity plan aimed at reducing the country’s massive deficit, which had been fueled by bank bailouts and stimulus spending in the wake of the 2008 financial crisis and resultant recession which resulted in 52 per cent of voters opting to leave the EU, (making the United Kingdom the first country to ever do so)

Manufactured by Magie Thatcher who turned the market into replacing society as the model of state governance. 

Not surprising as worldwide political culture has in fact transformed from one based on class to a new sort of populist, demotic politics, shaped at least as much by the mass media, especially the popular press, as by the politicians.

A sort of firestorm has broken out not just in Brazil but all over the world.

Why?

Because the relationship between public culture and consumer capitalism, while the very Earth itself is struggling with climate change has been close, in many ways the one constantly trying to outguess the other.

This game of one-upmanship, marked by ironic knowingness, has been labelled “postmodern, Brexit or Donal Trump trade wars”.

It points to the growing understanding of the relative nature of truth, itself a reaction against the prevailing supposedly “modern” certainties of the 20th century (reason, freedom, humanity, and truth itself), which indeed have often had and are having appalling outcomes.

However, it is a sign of the times that these antifundamentalist currents, themselves critical of much of Western culture, emerged at much the same time as new fundamentalisms emerged in the forms of American neoconservatism and certain strains of radical Islam. The ferment of intellectual and cultural changes involved are inextricable from the massive changes underway in the transition to the novel forms of society made possible by new information technologies.

What the Smartphone and Social Media have and are doing since the 1960s onward for Africa are also unravelling England and the EU with the perception of poor economic performance and calls for the modernization of not just for British society and the British economy but the EU and the world at large.

Both England and the European Union need to reform.

Optimism only carries you so far.

History rhymes rather than repeats are what is required.

A society where elites are widely loathed, where the political parties are polarized by demographic echoes is on the brink of collapse.

Why?

Now as then — much more now than then, in fact — there is a pervasive mistrust of institutions, a sense that governments are rotting from the head down.

The abject failure of rulers in improving human values has resulted in a downgrading of human to sub-human levels with a race to expect dishonest money is the net result of the ultimate degradation of society.

How do you trick someone into giving you something they have?

First, you offer them something worthless, while convincing them that actually much better than what they have. Second, you convince them that what they do have is worthless.

This is a typical approach used by both con artists and governments.

These huge scams are just diversions from the ultimate crime Climate change.

Our survival instinct has to quickly override our conditioned naiveté and passivity that has been bred into us. We are not just threatened as countries but as species at the same time.

A twitter/ facebook driven world will be a world of shallow values- unravelling our societies.

The thin veneer of civilization that we all depend upon on a daily basis is disappearing at a staggering pace and its not just the melting of ice.

The question now is.

Do we follow the trodden path where we only find all the grass eaten?

Creativity and imagination are what is needed as we are not getting across the problems of probability.

How we discuss and what we discuss is vital.

We must know the facts. We need a world brain bus.

Who is more likely to embrace the marginalized, to work for the disenfranchised?

Who will work for those of all backgrounds, all races and ethnicities, all religions, sexual preferences, gender identities?

Who will work to promote respect and equality for all people in the World?

Who sends a message that I want our children to believe in?

The rich and the poor, the entitled and the marginalized—they all make up the threads that a country needs to weave a unified society. When not include we weaken the material that fabricates our entire fabric of the world.

There has never been such a thing as an empire only a company called East India Company merchants. The British Empire did not exist in the Middle Ages. In the early Middle Ages, England was part of other empires: 

The British Empire was a commercial, not a military or political one.

Originally, holding an empire was about power. Throughout history, kings and queens have invaded territories in order to gain strength and power. With colonies, a country gains space, a larger army, more trade markets and the chance to make money out of whatever resources are on offer in them.

The formation of the empire was thus an unorganized process based on piecemeal acquisition, sometimes with the British government being the least willing partner in the enterprise.

An ‘Empire’ is a group of countries ruled over by a single monarch or ruling power. An empire doesn’t need an ’emperor’. The British Empire comprised of Britain, the ‘mother country’, and the colonies, countries ruled to some degree by and from Britain.

(British Empire, a worldwide system of dependencies—colonies, protectorates, and other territories—that over a span of some three centuries was brought under the sovereignty of the crown of Great Britain and the administration of the British government.)

To this day Britain’s ‘cultural imperialism’, suggesting that it was based on nationalism and racist scorn for other people.

With a handshake and the commitment “On the word of an Englishman,”
Captain James Cook claimed it for the British crown.In the century 1815–1914, 10 million square miles of territory and 400 million people were added to the British Empire. By the British Empire Exhibition of 1924, Britain was the ‘Mother Country’ of a worldwide empire which covered a fifth of the land in the world, and Britannia ‘ruled the waves’.

Sorry but Empires have benefited no one nor will any future trade deals that are not attached to sustainability do anything to resolve Climate change.

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

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THE BEADY EYE LOOKS AT DIGITAL DICTATORSHIP.

04 Thursday Apr 2019

Posted by bobdillon33@gmail.com 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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Algorithms trade., Algorithms., Artificial Intelligence., Capitalism, Capitalism and Greed, DIGITAL DICTATORSHIP., Distribution of wealth, Inequility, Technology, The Future of Mankind

 

(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.

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

 

 

 

 

 

Who actually is the useless class?

 

 

 

 

 

 

 

 

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THE BEADY EYE ASK’S: WHAT IS THE VALUE OF A HUMAN TO DAY ?

01 Monday Apr 2019

Posted by bobdillon33@gmail.com in #whatif.com, 2019., Artificial Intelligence., Capitalism, Climate Change., Democracy, Education, Environment, Fourth Industrial Revolution., GDP., Happiness., HUMAN INTELLIGENCE, Humanity., Inequality, Life., Modern day life., Our Common Values., Politics., Populism., Post - truth politics., Reality., Sustaniability, Technology, The common good., The essence of our humanity., The Obvious., The world to day., Trade Agreements., Unanswered Questions., WHAT IS TRUTH, What Needs to change in the World, Where's the Global Outrage.

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

 

( Seven minuter read)

At the best of times, money is a touchy subject but when it comes to putting a value on a human there is a vast array of circumstances that all boil down to pain and pleasure.

Whatever rest assured with the Forth Industrial Revolution and Climate change we are going to learn the real value of human life. Résultat de recherche d'images pour "can we put a monetary value on ourselves" Should the value of life be variable depending on age?  UTILITARIANISM.

Have you been thinking about putting yourself up for sale lately?

Ever wonder how much money you could get on the open human market?

Money is merely an arbitrary store of value, wars and natural disasters bear witness to this fact.

In a system where capitalism is a prime determinant of value, how can we preserve what we truly value as humans, what matters to us beyond money?

No matter where we stand on the socioeconomic ladder, the future of the “normal life” doesn’t look good.

CAN WE DO ANYTHING?

Humanity is more important than money — it’s time for capitalism to get an

upgrade.

So how can we change capitalism so that it focuses on what humans really

want and need?

There have been many different forms of capitalist economies ever since money was invented around 5,000 years ago. The current form of institutional capitalism and corporatism is just the latest of many different versions with the current revolution in technology promoting another form of materialism, by and large, is a psychological trap.

Profit-seeking algorithms recognise that money is inherently neutral that it is merely a vessel for the exchange of experience between two people. Its value only becomes realized when it’s put into motion.

Technology will not be the key which frees us from this precipitous world.

Most people these days aren’t even conscious of what they’re using to determine their self-worth.

No matter how much you own, how much you buy, how much you earn, the disease of more never goes away- just look at the current state of the world.

Old-style protection of nature for its own sake has badly failed to stop the destruction of habitats and the dwindling of species. It has failed largely because philosophical and scientific arguments rarely trump profits and the promise of jobs.

In one of my recent post, I addressed the power of your back pocket – buying power as a means of effecting change. It needs to be supported by Social Credits. (See below)

Instead of having our humanity subverted to serve the marketplace, capitalism has to be made to serve human ends and goals.

Of course some time ago it dawned on someone that, by making it possible for people to buy and sell natures services, we could save the world and turn a profit at the same time. The industrial revolution of the nineteenth century. Nature by capital.

(Sorry, did I say nature? We don’t call it that any more. It is now called natural capital. Ecological processes are called ecosystem services because, of course, they exist only to serve us. Hills, forests, rivers: these are terribly out-dated terms. They are now called green infrastructure. Biodiversity and habitats? Not at all à la mode my dear. We now call them asset classes in an ecosystems market. I am not making any of this up. These are the names we now give to the natural world.)

WHAT IS NEEDED NOW IS FOR SOMEONE TO REALISE THAT:

1. Humanity is more important than money.
2. The unit of an economy is each person, not each dollar.
3. Markets exist to serve our common goals and values.

True wealth occurs when the way we spend our money is not simply compensating for how we earn it. The welfare of a nation or the world can… scarcely be inferred from a measurement of GDP.

The real value of money begins when we look beyond it and see ourselves as better, as more valuable, than it is.

Rarely will the money to be made by protecting nature match the money to be made by destroying it.

I’m talking about the development of what could be called the Natural Capital Agenda: the pricing, valuation, monetisation, financialisation of nature in the name of saving it by Social Credits.

They could put a stop to the risk of a progressive “privatisation” and “commodification” of nature.

We’re staring at trillion-dollar problems in the world with climate change, that is about to speed up and we need commensurate solutions.

One of the main problems is engaging the population of a country or countries to part take in the need to effect change.

We can harness the country’s ingenuity and energy to improve millions of lives if we could just create a way to monetize and measure goals by Social Credits.

People could buy them or win them.

For Example:

What if governments and world corporations were to introduced 100 million SCs to reduce obesity levels.

What if governments were to reward green energy projects with SCs.

What if governments were to use SCs to replace pensions/ treasury bonds.

What if countries used SCs to reflect fair trade.

What if education and reduction of inequality were promoted by SCs.

To protect the world from the despoilation and degradation which have done it so much harm. After all, it is not most environmentalists who have misunderstood the realities that come with ‘growth’ a finite Earth, but most economists.

Forget what society tells you about what it means to have succeeded, and endeavour to create your own definition of success based on those human qualities and virtues that you value most.

We are fundamentally empathetic creatures in an evolutionary process that started with blood ties, then tribes, religion, and currently nations but could extend to humans as one, then to creatures, plants and finally our planet.

The adage that money makes the world go round is the saddest reality of life.

“We can’t solve problems by using the same kind of thinking we used when we created them.”

Is the first generation of digital natives and sharing is their norm, could it be that collaborative consumption rather than consumer capitalism will be their norm?

If so, what will the next generation bring?

Time is the one resource all of us use to have, but it’s also painfully finite in nature. You can’t bank it — all you can do is invest it wisely.

Money is fluid.  Therefore, money is a reflection of the owner’s values and intentions.

We all have some sort of measuring stick that we use to determine our value as a human being.

Put another way, if we have access to all we need, would we need money?

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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