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Tag Archives: Capitalism

THE BEADY EYE SAYS ITS TIME FOR OUR RATIONAL FACTORING TO TAKE HOLD.

10 Sunday Nov 2024

Posted by bobdillon33@gmail.com in Uncategorized

≈ Comments Off on THE BEADY EYE SAYS ITS TIME FOR OUR RATIONAL FACTORING TO TAKE HOLD.

Tags

AI, Algorithms trade., Algorithms., Artificial Intelligence., Capitalism, Capitalism and Greed, Capitalism vs. the Climate., Climate change, Community cohesion, Current world problems, Distribution of wealth, Earth, Environment, Extinction, Global warming, Globalization, Greed, Humanity, Inequility, Internet, Life, Natural disaster, politics, Social Media, Sustainability, Technology, Technology versus Humanity, The Future of Mankind, Visions of the future.

( Five minute read)

The lack of understanding of the issues affecting life is visible in most political parties aspersions, not to mention profits seeking algorithms.

Unfortunately, this is not the world in which we live. Power stems only partially from knowing the truth.

Our world not matter how one looks at it, is getting into a worse and worse state on almost every level and front.

AI – Climate – Wars – pollution- greed – inequalities- racism- religious intolerance- exploitation- social media- education- profiteering- pandemics- gender ideology- dehumanising refugees- metaverse- cost of living- you name it and its getting worse not better by the day

Why you might ask?

Because.

We are walking around with our very own colosseum areas in our hands, portraying a world full of succulent burgers with violence on tap.

Because.

Social media deriving pleasure from other people suffering is promoting false news, with false like clicks, false on line friends, false values.

Treating wars and natural disasters as entertainment, promoting growth and unsustainable consumption above any worthy while common values. Becoming morally hypocritical with AI knowledge.

Because.

Rationality is going out the window for the sake of shot term pleasure’s detaching us from reality.

Any one can become an Internet troll.

Because.

If we are unwilling to invest in a future, it is no wonder our world is in such a mess.

Because.

Psychopathic traits make for Popular leaders with bloated and boundless egos.

Because

We fail to understand the basic laws of nature resulting in an endemic of bad effects.

Because.

Climate change has the potential to cause deviations and millions of deaths but we remain unable to act together even though we are facing such a stark prospect.

Because.

To find a way to make millions of us to cooperate is a science still in the making.

To inspire people to make a common sacrifices for a common cause requires fictional stories rather than the truth,.

If we want to battle climate change it has to take precedence in all activities and this can only be achieved by bribing the great unwashed into changing how it conducts itself.

Rewards / tax breaks.

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

Contact: bobdillon33@gmail.com

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THE BEADY EYE SAYS: JUST HOW PATHETIC CAN WE BECOME:

19 Saturday Oct 2024

Posted by bobdillon33@gmail.com in Uncategorized

≈ Comments Off on THE BEADY EYE SAYS: JUST HOW PATHETIC CAN WE BECOME:

Tags

AI, Algorithms Democracy., Algorithms for Profit., Algorithms trade., Algorithms., Artificial Intelligence., Big Data, Capitalism, Capitalism and Greed, Climate change, Current world problems, Democracy, Earth, Extinction, Future Society., global climate change, Globalization, Humanity, Life, Out of Date Democracy, Power of Social Media, SMART PHONE WORLD, Sustainability, Technological revolution, Technology, Technology versus Humanity, The Future of Mankind, Truth, Visions of the future.

( Five minute read)

The truth is we have only after centuries of killing each other it’s not difficult to imagine the next step to how pathetic we will become.

YUVAL NOAH HARARI see the algorithm as “ arguably “ the single most important concept in our world.

His latest book Nexus describes some kind of automaton that especially through smartphones use we have succumbed to the cold inhumanity of compassionless algorithms.

Somewhat a remarkable claim, given such concepts as time, identity, information, morality, and so on.

Determinism is central to his world view.

Honestly every thing in the quantum world of entanglement and chaos points to non deterministic outcomes.

He argues that 20th century scientists found neither self nor free will.

We can at least assume they knew what both looked like before commencing their search.

He therefore stated that we’d never expect to hold a fully determined robot legally responsible for its actions, but we do hold fully determined human beings legally responsible for their actions.

The ethnical implications are glossed over, but a jurisdiction governed by this principle would have no selves to prosecute, casting doubt on the legitimacy of prisons and the legal system.

———————-

How did the planet earth get into such a dire state on terms of climate crisis and degraded environment?

Donald Trump has pushed us to the point that we can’t even agree on the weather.

What a stupid time to be alive.

Nothing would exist without temperature and the words adaptation and mitigation are ridiculously inadequate to describe what is coming.

Has anyone thought about unplugging American then plugging it back in again.

Hush, now before we look after the planet close to my heart are some home truths.

Democracy and the rule of law just aren’t doing the business. Why?

Because we all now connect with a computer in our pockets call a mobile phone. Also with social media we are all publishers.

This alone is an enormous destabilising factor that we have not figure out as yet.

So what will ?

Perhaps another pandemic, a nuclear explosion , an asteroid, a natural disaster, or Hubble discovery of another life form might do the trick.

It won’t be the second coming of any prophet, or AI, or American or Chinese domination.

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

Contact; bobdillon33@gmail.com

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THE BEADY EYE ASKS: JUST WHAT WILL AI INDUCE US TO DO.

15 Tuesday Oct 2024

Posted by bobdillon33@gmail.com in Uncategorized

≈ Comments Off on THE BEADY EYE ASKS: JUST WHAT WILL AI INDUCE US TO DO.

Tags

AI, Algorithms Democracy., Algorithms for Profit., Algorithms trade., Artificial Intelligence., Capitalism, Capitalism vs. the Climate., Current world problems, Democracy, Distribution of wealth, Earth, Evolution, Extinction, Future Society., Globalization, Humanity, Inequility, Life, Out of Date Democracy, Social Media, Sovereign wealth fund, Sustainability, Technology, The Future of Mankind, Truth, United Nations, Visions of the future.

( Five minute read)

AI IS FUNDAMENTALLY DIFFERENT FROM ALL PREVIOUS TECHNOLOGIES AS IT CAN CREATE ON ITS OWN FUNCTION/ FUTURE.

Artificial intelligence’s is creating its own language of Mima ( Mining information for management and acquisition) in order to inte-grate natural language, structuring knowledge over large systems, and using automated algorithms recognition techniques to gain our loyalty.

Once AI algorithms work out how to gain your loyalty there will be no need for you to search for what’s new.

The Advertisement Industry will therefore collapse, with social media platforms becoming the battleground for attention.

Algorithms are already well established in our society/lives and some are powerful in their practicality- Face recognition for example or predicting the stock markets.

They are interpreting how we think and communicate and will have big implications for us and what it means to be human.

As no one fully understands how Artificial Neural Network actually work, how they find connections & retrieve data, with an ability to generate written content in response to almost any command, cannot be fully explained.

How they are monitoring anything.

How they are adapting to their surroundings, if they are supposed to be mimicking the human brain [which is in itself still one of the greatest] whose functioning is still largely unknown.

Artificial Intelligence relies upon vast data sets to learn, this data is already contaminated and littered with every human biased thinkable.

Harmful gender stereotypes

Racial Biases

Elections

Currently our elected world leaders are being encouraged to spend 5% of GDP on defence with most political parties pledged to keep country safe at all costs.

In this age of proxy wars conducted with AI weapons, we are well on the road to getting further away from the objective of getting AI to explain how it arrives at decision and outcomes .

As a result there will be deep learning hidden layers to AI to make it untrustworthy and far from ethical in the Future.

Their reach already goes far beyond playing Chess or Go with their influence becoming thinner they’re going to have a profound impact in the future on all aspects of living a life.

How these Neutral networks will adapt to the world around them, which is too variable to do anything absolutely.

How the real world is understood and imagined will shape these systems.

It’s is well described by a Turkish proverb.

“ The forest was shrinking, but the trees kept voting for the Axe as the axe was clever and convinced the trees that because its handle was made of wood, it was one of them.”

All human comments appreciate. All like clicks and abuse chuck in the bin.

Contact: bobdillon33@gmail.com

https://bbc.com/reel/video/p0hv591s/ai-v-the-mind-who-has-the-edge-

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THE BEADY EYE SAYS: MANKIND, ESPECIALLY SINCE THE INDUSTRIAL REVOLUTION HAS GOT IT WRONG.

28 Wednesday Aug 2024

Posted by bobdillon33@gmail.com in Uncategorized

≈ Comments Off on THE BEADY EYE SAYS: MANKIND, ESPECIALLY SINCE THE INDUSTRIAL REVOLUTION HAS GOT IT WRONG.

Tags

AI, Algorithms Democracy., Algorithms for Profit., Algorithms trade., Algorithms., Artificial Intelligence., Big Data, Capitalism, Capitalism and Greed, Capitalism vs. the Climate., Climate change, Climate Change Solution's., Community cohesion, Current world problems, Earth, Environment, Evolution, Extinction, Future Society., global climate change, Global warming, Greed, Humanity, Inequility, Life, Natural disaster, news, Poverty, SMART PHONE WORLD, Sustainability, Technology, Technology versus Humanity, The Future of Mankind, Truth, Visions of the future.

( Eight minute read)

You would think by now we would have figured it out that we have created fantastic amounts of waste and pollution to produce things that we don’t ( and often can’t) use again.

Ecosystem survive and are sustainable because they circulate and re-use energy and materials.

However modern industry which is now using technologies requiring vast amounts of energy continues to rely mostly on the one-way street of resource extraction and depletion.

This combination obviously can’t continue indefinitely. In the face of the staggering amount of power we are allowing massive data storage for algorithms, businesses and governments must learn from ecosystems the concept of up- cycling.

Take the humble honey bee for example.

Time had forgotten the power of the honey Bee.

The honey bee most definitely had what archaeologists call magico – religious significance for many ancient civilisations.

Honey is referred to in most religions books. Indeed it was prescribed as a medicine back in the days of Egyptian, Alexander the Great, Sparta, King Heron, Neto’s wife. Aristotle, the Roman Empire, the Chinese civilisation. India , the Americas , the Aztecs, the Dark Ages, in fact without the honey bee we would not exist.

Honey now seems with the arrival of antibiotics to be relegated to something we put on toast. When it was an antibiotic away back in 1892 it was not taken for granted.

To day New Zealand has a particular variety of honey that kills bacteria the sort bacteria that causes so much woe. But for some reason the country does not promote its production.

The Pohutukawa tree or Christmas Tree quintessential Kiwi produces a honey

The Manuka a bushy tree produces a honey called tea – tree honey .

On the other hand if we allow technology to develop exclusively with in the capitalist world we will have a world more divided with inequalities at its heart and than ever before,

If we are lucky we will have a digital global order.

There is no pause button on these technologies it’s now or never that we harness them to sustainably human values.

There is no simple way back, if there is indeed any way at all .

The Beady eye has for some considerable time been warning if we don’t have totally transparent and accountability we will just become products.

It is beyond comprehension that we have become so docile in giving up information for these self learning algorithms to plunder the the world for short term profit it seems we don’t give a fuck about the future of the planet.

To put this in perspective just take a moment to look at the planet that you’re most likely to live the rest of your life on.

Just under 5 billion years old. Hanging in space, surrounded by satellites spinning at 1600 km, travelling at 107,000km around the sun, it has and is presently supported billions of us, on smartphones, plus all known species that ever existed.

In return we its guard have plundered its finite resources, polluted its atmosphere, seas and rivers and lakes, destroyed its natural forests, covered it in billions of tons of concrete, tarmac, all for short term profit.

In response we are just beginning to reap the rewards of Climate Change, that no tech is going to stop.

Resulting in mass migration, inevitable wars, social upheavals etc you would think that we by now understand what is at stake.

For example: This year thousands have braved crossing the Darien gap in Panama to get to the USA, not to mention the Mediterranean , or the English Channel.

Look at Bangladesh under water. The question becomes why do we do nothing? This is a war on every sense of the word and we must win it.

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

Contact; bobdillon33@mail.com

https://youtu.be/f-P479d1-KE?si=omrTJVOA6kIzggzx

https://youtube.com/shorts/fUEwoiC5AO0?si=qwKqbX6axdaDBW6A

https://youtu.be/GDGTk4mnxTM?si=ygXdeJpbnFaA_PnE

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THE BEADY ASK’S. Have you ever asked yourself: What do I need in life to survive?

15 Monday Apr 2024

Posted by bobdillon33@gmail.com in #whatif.com, 2024 the year of disconnection

≈ Comments Off on THE BEADY ASK’S. Have you ever asked yourself: What do I need in life to survive?

Tags

Capitalism, Capitalism and Greed, communism, economics, politics, socialism, Survival.

( Fifteen minute read)

Looking at contemporary politics, it’s easy to feel a sense of despair.

All across the world, we see a resurgence of wars, racist demagogues, now rendered respectable by the embrace of the “mainstream” political right and much of the commentariat.

Your beliefs, ideas, and values make up your ideological framework. This framework is developed over a lifetime of socialization.

Dominant ideologies are powerful forces in society. They are how dominant groups preserve their power. They do this by promoting ideas to advance their interests and maintain social order. Such ideologies shape dominant discourses that legitimize the current organization of society. These ideas are embedded in the practices of social institutions. The majority of people accept these conditions even though it is not in their interest to do so. This is referred to as hegemony, or rule by consent.

Ideology touches every aspect of life and shows up in our words, actions, and practices…. Because ideology structures our thoughts and interpretations of reality, it typically operates often beneath our conscious awareness … it shapes what seems “natural,” and it makes what we think and do “right.”

Ideologies are ways of organizing large swaths of life and experience under a set of shared but unexamined assumptions. This quality makes an ideology particularly hard to see, at least while it’s exerting its hold on your culture.

You may have noticed that many of us support ideologies that do not best serve our interests. Why is that?  A reigning ideology is a little like the weather: all pervasive and virtually inescapable.

The simple answer is that powerful groups have ways to encourage us to believe ideologies that protect their interests. This process of getting people to accept the interests and values of ruling groups without force is called hegemony. Hegemony can also be defined as rule by consent.

Dominant ideologies, however, are not more influential because they contain better ideas. Instead, they represent the extent to which powerful groups in any society are able to shape our ideas, values, and beliefs. Dominant ideologies are often linked together. Through hegemony, ruling groups try to ensure that we will accept their views and ideologies without question.

The transformative ideologies are the most difficult to pinpoint.

However, some people resist submitting to the desires of the ruling group.

To address social problems, we must be able to recognize dominant and counter ideologies. We must be aware of how they impact the economic, social, political, and environmental ideas and values in our society.

We need to foster international cooperation and solidarity to address environmental challenges collectively, transcending borders and divisions to stop coming wars.

—————–

Physiological needs are the requirements of all biological creatures.

Unfortunately our system of Capitalism has turned all of these needs into products, resulting in government’s using what should be considered essentials into revenue generating sources, by applying service charges or taxies. Capitalism has fuelled the industrial, technological and green revolutions, reshaped the natural world and transformed the role of the state in relation to society.

In recent years, capitalism’s shortcomings have become ever-more apparent. Prioritising short-term profits for individuals has sometimes meant that the long-term well-being of society and the environment has lost out – especially as the world has faced the Covid-19 pandemic and Climate change.

It has lost its ability to be fair.

57% of people worldwide say that “capitalism as it exists today does more harm than good in the world”.

The reality is that in daily life, most of us are pursuing all of these basic human needs simultaneously to varying degrees.

Without air, water, and food, sleep homeostasis and sex all biological organisms perish.

So instead of focusing on which need you’re attempting to meet, government’s have allowed and are still condoning  life to be exploited for profit resulting in – Inequality, Climate change and Coming wars. 

————– 

In order to live you need fresh air. That’s pretty self-explanatory.

In order to live you need fresh water.  That’s pretty self-explanatory. (You can only survive without water for 3 days.)

In order to live you need food. That’s pretty self-explanatory. (Most of us, we need food, daily else we feel less than fulfilled.)

In order to live you need to build a good shelter. That’s pretty self-explanatory.

In order to live you need a living environment where security and safety are met. That’s pretty self-explanatory. (There is a primal innate fear of others and the need to seek security that is hardwired into the human brain. You don’t have to look around very long to notice how much of human behaviour is driven by the desire to feel secure.)

These unmet basic human needs fuel our unconscious behaviour.

We all share the same needs.

————-

Healthy identity is based on the fulfilment of these needs … These needs are felt and remembered cellularly throughout our lives, though we may not always be intellectually aware of them.

They were originally experienced in a survival context of dependency. We may still feel, as adults, that our very survival is based on finding someone to fulfil our basic needs.

In adulthood the needs can be fulfilled only flexibly or partially, since we are interdependent and our needs are no longer connected to survival.

Research suggests that over 95% of our behaviour is unconscious.

In today’s society, we also seek greater levels of financial security which goes hand in hand with the need for job security. (Tools like insurance have also been created in an attempt to offer more stable financial security in case of an unforeseen event.)

If you don’t have enough money to pay for rent (or your mortgage and taxes), clothes (for protection, not fashion), and transportation (to get food and make money), your safety needs aren’t being met.

The result is that individuals necessarily act selfishly when basic human needs drive them.

—————

In some parts of the world, many individuals can’t meet their physiological needs.

It’s estimated that over a billion people don’t have sufficient food to eat, basic nutrition, or clean water to drink. Shelter from the elements, clothes to cover our bodies, and some semblance of the familiar.

Belonging is also a psychological need.

(Belonging is a feeling of connection with and approval from others. It starts with our immediate family, then bridges out to friends, religious groups, and other social groups (like sports teams or clubs). This need to belong later extends into professional relationships and a significant other. This unmet need to belong drives us to identify with social groups, religious institutions, and other special-interest groups in adulthood. It also fuels a lot of people’s impulse to invest time in social media.)

Our image-driven culture pushes us to be more concerned with what other people think than with how we feel about ourselves. We seek approval from others instead of self-acceptance.

————

Physiological needs can also remain unmet even in individuals who aren’t in an environment of lack.

How do you know if you have unmet basic human needs?

To accomplish this, we must first cultivate self-awareness and self-leadership, become honest with ourselves, and learn to abide in our centre. These practices allow us to reflect on our lives and better understand ourselves. Self-actualization appears to be rare in our societies today and has become much more complex and even distorted at times.

For example, financial security is one domain that is constantly emphasized in today’s society and it seems that many spend their entire lives engaged in its pursuit, finding out, often too late, that they will never truly achieve any semblance of it.

If you don’t agree, take a closer look at the lives of some of the wealthiest people on the planet or those who are rich and famous. Their lives are filled with tragedy. Wealth doesn’t solve the problems we think.

Understanding the fundamental impermanence of things can be very freeing since it reflects a very real and dominant factor in life, one that we often struggle to accept.  If you don’t agree, just ask impermanence’s primary representative, death. It will knock on everyone’s door one day or another, most often unannounced.  

—————-

What would you do if you only had one month to live? One week. one day?

Don’t ask yourself what the world needs.  Ask yourself what makes you come alive, and then go and do that. Consider the overall direction of your life.

Because what the world needs are people who have come alive to the rip off capitalism.

Why because it is failed and is still failing, even on its own terms. While experience varied between countries, generally this involved the ‘commanding heights’ of the economy being in public ownership – the national utilities of water, gas and electricity, along with the crucial productive infrastructure of transport and telecommunications, with the remainder of the economy being regulated to various degrees.

Government spending was used to maintain full employment, along with the implementation of industrial policies, regional policies, and active labour market policies. These interventionist measures generally went beyond just maintaining economic growth and full employment, to welfare state delivery.

Any governments pursuing these sorts of progressive agendas would be likely to wish to co-operate and collaborate internationally – on tackling the climate crisis, the industrial-scale global tax avoidance and evasion, and the root causes of international financial crises which lie in the deregulation of speculative finance and the financial sector generally.

—————

To get any sense of where to go, we need a much more thorough understanding of the forces that underlie this symbiosis of economic power and political power and the distortions of public discourse that it induces.Jay Directo/Getty Images If the gap grows between rich and poor, then instability can follow (Credit: Jay Directo/Getty Images)

“The voters don’t choose the politicians, the politicians choose the voters”

Ultimately, it is worth remembering that citizens in a capitalist, liberal democracy are not powerless.

We live in an oligarchy, not in a democracy, A thing cannot be changed if the plan is for something that the situation is not. Oligarchy cannot be stopped by treating it as though it were a democracy.

As a society we continue to make slow progress in ameliorating this historical deficit.

Of critical importance also is the role of the individual in promoting his or her own equality. No amount of government intervention will confer equality if individuals fail to take advantage of the opportunities before them.

The system must be fixed for problems to be addressed.

So I say first things first, let’s ensure that we build a system where there is equal opportunity for all so that individuals can succeed or fail on their own merit. Will such a system guarantee full equality?

I have my doubts but I’m convinced it will promote greater equality in our imperfect society.

Young politicians enter the great building of power with sincere hearts, but leave with the stench of the corrupt swamp having their noble intentions suffocated and extinguished.

Every nation needs to wake up from their own illusions of their own importance in the world and start looking after its people.

———–

To make sure that the government gets the message that the people all of the people should be represented not just the few.

Get money out of politics ENTIRELY and then maybe there’s hope.

Now with the technology that exist,  I think a ‘perpetual referendum’ democratic socialism, may be a solution:

We need to assert the importance of turning the social surplus toward ending hunger and illiteracy and toward addressing fundamental problems of social and economic life — such as the catastrophe of the climate and of endemic joblessness.Banksy in Boston: Portrait from the F̶O̶L̶L̶O̶W̶ ̶Y̶O̶U̶R̶ ̶D̶R̶E̶A̶M̶S̶ CANCELLED piece by Chris Devers | Flickr | CC BY-NC-ND 2.0

No point running a government if you don’t have an organized mass force to drive the social policy from the hall of government to the home of the poorest worker.

Government’s won’t put such perpetual referendum in place but we the people with technology can. 

Your vote (on one thing or many things, doesn’t matter) is kept online at all times and can be polled by the computer at any time. And not only can be but must be. And you can change your vote (or votes) at any time.

The people must take back what people with money have stolen from them over the decades, i.e. our right for true democratic representation where elected politicians carry out the will of the people not the will of the wealthy few who have corrupted it.

The abolition of intellectual property and the renationalisation of monopoly infrastructure could reverse the tendency towards private monopoly that could contributed greatly to stopping the rising inequality of the early 21st century. The massive financial sector of the early 21st century, is a huge source of inequality.

We might be blind to what capitalism could look like in another two centuries. However, that does not mean we should not ask how it might evolve into something better in the nearer term.

The future of capitalism and our planet depend on it.

Until politicians work for every person these are the choices. 

Capitalism thrives on the mantra of individualism and free enterprise. In this economic system, private entities, such as individuals or businesses, own the means of production. But, it’s essential to note that capitalism is not just about profit. It’s also about personal freedom, economic resilience, and societal prosperity. It champions the belief that everyone has the right to economic freedom. This belief is driven by the potential for profit.

Communism is a quintessential manifestation of egalitarian ideals. It seeks to pull down the socio-economic partitions between the affluent and the impoverished. Its driving force is the establishment of equality and fairness. The societal benefits are not skewed in favour of a privileged few. Instead, they are spread across all its members. Yet, the intricate dynamics of human nature and socio-political realities often pose significant challenges to implementing communism. It’s a philosophy that seeks to remould society’s foundation. It presents a different perspective on the socio-economic structures that govern our world. Its cardinal principle is collective ownership and equality. 

Socialism amalgamates elements from both capitalism and communism. It is unlike the laissez-faire economics of capitalism. However, it is not as radical as communism in its distribution mechanism. It encourages fair wealth distribution. But, it does not eschew private property. socialism emerges with a balanced approach. Yet, it does not do so at the cost of personal freedoms, as in capitalism. The means of production are often state or worker-controlled. There is a conscious effort to check capitalist-style monopolies and wealth concentration.

Most nations operate in mixed economies. They cherry-pick elements from different ideologies.

They create a model that best serves their unique needs. The impact of these ideologies on today’s world is profound and multifaceted. It colours the lenses through which we view societal structures, economic models, and the state’s role in our lives.

As we go about our daily activities, we are engaged in a web of relationships that connect us to the larger world. We rely on ideas and values to form opinions, make assumptions, and arrive at conclusions. However, many of us aren’t aware of where these notions come from or how they influence our thinking. Most of us assume that our points of view are accurate and truthful. We think that they are just common sense. This may lead us to dismiss, discredit, or misinterpret perspectives that differ from our own.

This means that we rarely evaluate our perspectives in relation to alternative points of view.

A future where our planet’s people can succeed emphasizes sustainability, collective action, and innovation. What if we demanded that profit be removed from the policy of government’s. 

Many types of government expenditure constitute investment: purchases of transport and energy infrastructure, school and hospital buildings, IT systems, defence systems, and intangible assets. Government investment often includes purchases needed to implement long-term policies, such as investment in green energy infrastructure to support action on climate change. 

Another words invest public funds, allowing a fair profit, keep sufficient funds for maintains, and then nationalize, so everyone benefits.

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

Contact: bobdillon33@gmail.com

https://youtu.be/PJy8vTu66tE?si=NtoSKDmZ2u3f0_HJ

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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.

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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

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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

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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

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(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.

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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

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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. 

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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

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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 SAYS TRUST IS DISAPPEARING THANKS TO OUR INABILITY TO RELATE TO EACH OTHER. December 19, 2025
  • THE BEADY EYE SAYS. THE WORLD NEEDS PEOPLE GOVERNMENT NOT MONEY GOVERNMENTS. December 18, 2025
  • THE BEADY EYE ASKS WHAT ARE WE THE SAME GOING TO DO TO STOP THE WORLD BEING FUCK UP FOR PROFIT BY RIPOFF MERCHANT. December 17, 2025
  • THE BEADY EYE CHRISTMAS GREETING. December 16, 2025
  • THE BEADY EYE SAYS. TO THE NEXT GENERATION TO LIVE A LIFE WORTH WHILE YOU MUST CREATE MEMORIES. December 16, 2025

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