Readit NewsDeleted Comment
Yes, because total factor productivity[0] always grows.
> infinite leverage
None of us can raise an infinite bank loan, so this isn't really true. There are many, many, many limits to leverage.
> and assets that always inflate without increasing utility (homes for example).
Also not true... if the value of living in SF increases, it makes perfect sense that land in SF is also more valuable
> It works, until it doesn't.
That's not really a falsifiable assertion.
> I don't know how long it will keep going, but I do think we need a real correction in order to redistribute some of the wealth.
Notwithstanding all the faults in the arguments above, how does distributing wealth arbitrarily at a single point in time ("real correction") solve any of the issues you present?
__________
Not surprising though, pretty much everyone born in the past 60 years has become accustomed to a ridiculous "normal" that has been built on a fossil fuel house of cards.
The only reason he has to assert it like that is because it isn't true. He has a lack of imagination if he's not able to imagine someone who doesn't worship anything. I imagine he'd just move the goalposts though, and say "oh well they worship their lack of worship, which is a form of eating them alive." It's disingenuous at best, but probably just ignorance, so that he can sound profound without really giving a convincing argument.
Perhaps they should read your dissertation on it?
/s
If I asked every person I know, "What is a comfortable life?" I don't think a single person would cite "heated water". In my circles that's as given as the air I breathe.
Comments like this startle me to the reality of the insulated life I live. Similar to the 30 minutes I spent on GiveWell the other day realizing how much I take for granted things like, say, the fact that I am not at risk of dying from malaria. And yet I still struggle between the idea of buying an even bigger house vs saving the lives of hundreds of children.
Whenever I recognize this mismatch between the stark reality of life on earth and my own uncaring attitude about others, I wish there was a YouTube channel I could watch that was designed to evoke sympathy in me for those less fortunate. Like maybe just documentaries about the challenges of regular life outside my bubble?
Sympathy as as Service anyone?
I've found this channel to be helpful towards that end: https://www.youtube.com/channel/UCW39zufHfsuGgpLviKh297Q
DW Documentaries.
He starts the video by giving credit to other people involved in the project.
So if the company is profitable enough that it doesn't need to lay anyone off, it has the excess labor keep iterating on a product that's already very good and only needs a small amount of labor to keep it ideal. This makes the product worse.
Once you see this you can't un-see it.
(Also there's the more cyncial explanation that by changing things dramatically you get people to think they need to keep spending money.)
If you are interested in learning how, read this short letter:
Everyone from ages 4 to 80 absolutely loved it. Most of these people are not even gamers, and they could see the incredible potential of this device.
It is truly a novel experience. Now I'm just trying to save up some cash so that I can invest in this company when it goes public!
I can think of far more unstable times in history than the times we’re living in now, recent examples being WW1 & 2, nuclear threat during the Cold War.
Surely info suppression tactics have often played a role?