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norome commented on Just 0.001% hold 3 times the wealth of poorest half of humanity, report finds   theguardian.com/inequalit... · Posted by u/robtherobber
pjc50 · 6 days ago
> Historically the only time the trend of wealth accumulation reverses is during massive crises, wars, and civilizational collapse which make life worse for everyone and nobody with any sense would wish for.

Yes. Which is why the question of social responsibility of the rich matters far more, because they can't help getting involved in politics. And a lot of them seem surprisingly pro-collapse, or at least pro-authoritarian. It's a common pattern in South American countries where demands for rights and equality scare the property owning class, because they might have to share a bit with the general population; this results in coups, dictators, suppression of protests etc, which results in an equally violent retaliation. You don't get Castro without Batista.

Since the general agreement that money = speech = votes, the habit of rich people buying news media to be their personal propaganda (e.g. Bezos with WaPo, the Berlusconi media empire, Murdoch etc), has also made the world a lot worse.

AI accelerates the problem, since part of the pitch is "we're going to obliterate a large amount of white collar and lower middle class work entirely, while also removing the state safety net". Not clear whether that will actually happen as promised to the shareholders, but it could be hugely disruptive.

Then there's people's more local, lived experiences with landlordism and the minor rich. A particular local example I heard recently: https://www.sheffieldtribune.co.uk/a-london-lawyer-bought-hu...

norome · 6 days ago
The power of wealth certainly comes with a lot of responsibility. Which is why I would be curious to have a more detailed view on what all these hyper-rich people are actually doing with their money, and how they came to be so wealthy. We have some obvious examples of power accumulation and evil, and some clear examples of doing great good in the form of philanthropy. So while It doesn't make sense to me that so few individuals should have so much money and power, I still don't think we should count them all as defacto evil.

I'm more saying there's a sort of historical inevitability in the whole situation and we might benefit by taking that into consideration. And that some degree of nuance and tolerance of unfairness might play into a realistic solution.

Regarding landlordism, it's another tricky issue where yes there are bad big landlords, but the policies I've seen that put in place to tackle them tend disincentivize renting altogether and the first ones out of the market are the little guys, exasterbating the housing crisis in most cities. It seems to me an area where tolerating the bad actors is necessary to avoid crashing the whole system, to my point.

norome commented on Just 0.001% hold 3 times the wealth of poorest half of humanity, report finds   theguardian.com/inequalit... · Posted by u/robtherobber
thefz · 6 days ago
"hey it's not so bad, the poor have showers now!"

- Sent from my iPhone

norome · 6 days ago
Well, the poor seem to have smartphones as well XD — Uganda for example has 54% smartphone ownership. But in terms of vaccination rates, education, access to clean water, access to electricity yes things are ever improving if we look at statistics on global wellbeing. "In 1981, 44% of the global population lived in extreme poverty. By 2019, that figure had dropped to just 9%." So inequality may be huge today, but it doesn't mean the bottom hasn't also risen dramatically.
norome commented on Just 0.001% hold 3 times the wealth of poorest half of humanity, report finds   theguardian.com/inequalit... · Posted by u/robtherobber
JimmyBuckets · 6 days ago
Tell me you don't worry about money without telling me you don't worry about money
norome · 6 days ago
About my own money, I worry. About other people's money, I rather try to think carefully. "Worrying" about money is the emotional basis that fuels a lot of populist rhetoric. And It seems to me economics is often counterintuitive to our emotional intuition of how things should be.
norome commented on Just 0.001% hold 3 times the wealth of poorest half of humanity, report finds   theguardian.com/inequalit... · Posted by u/robtherobber
FranzFerdiNaN · 6 days ago
> I wish wealth wasn't treated so abstractly as if it's some kind of universal measure of evil.

Wealth equals influence. So yes, it kinda is a measure of evil. It goes so far as Musk turning of Starlink at a critical moment to help the Russians for example. Or buying access to POTUS. Or donating money to groups to help undermine labor rights.

Basically, the type of person that can get this rich is in 99% of all cases also the type of person that doesnt give two shits about other people.

norome · 6 days ago
I don't see why influence is evil per se. Gates did a lot with his fortune that seems unambiguously good. Musk also seems to have done at least some good in terms of sustainability tech. Doesn't mean there isn't lots of bad as well, but I don't see that wealth itself is a measure of evil.

If it's true that all these .001 percent of the population are indeed self-serving sociopaths, I'll eat my hat. But I just assume things are more complex than wealth = evil.

I could say with certainty that wealth magnifies the qualities and intention of whoever controls it. And we might argue nobody should have so much power. But I don't see why tremendous wealth could not also be good or neutral, and so with the accumulation of wealth.

norome commented on Just 0.001% hold 3 times the wealth of poorest half of humanity, report finds   theguardian.com/inequalit... · Posted by u/robtherobber
norome · 6 days ago
I think it's become popular to talk about the issue of accumulation of wealth, and make this kind of dramatic wealth comparison to point out how uneven the distribution is. I wish wealth wasn't treated so abstractly as if it's some kind of universal measure of evil. I would like to learn about some specific cases of hyper wealthy people and what they are actually up to. Seems like some very rich people do really useful things with their money. Couple other thoughts that hang around my head:

- Though the bottom half of humanity may be poor, on average they have a quality of life that has risen dramatically over the past century thanks in large part to the deployment of technologies and aid originating from the wealthier nations.

- Historically the only time the trend of wealth accumulation reverses is during massive crises, wars, and civilizational collapse which make life worse for everyone and nobody with any sense would wish for.

- It seems to me a lot of people channel their unhappiness into resentment of the wealthy, based on this same flavor of folk economics as old as time "the rich get richer". And that unhappiness is usually uncoupled from their position in the economic ladder.

norome commented on Tinkering is a way to acquire good taste   seated.ro/blog/tinkering-... · Posted by u/jxmorris12
jorvi · 2 months ago
Yeah, that's a horrible way to enjoy life. By your reasoning, you should subsist on protein blocks and watch paint dry for entertainment. By lowering the bar to the absolute lowest threshold, you'll classify everything as enjoyable.

The pareto principle holds strong. Just put 20% of the effort in and you reap 80% of the results.

norome · 2 months ago
I think it's a good starting point though. I like to try out the cheapest option and see how it really feels or tastes. For mattress shopping i always ask, "what's your second cheapest option?". For most consumer goods the diminishing returns kick in pretty quick
norome commented on Tinkering is a way to acquire good taste   seated.ro/blog/tinkering-... · Posted by u/jxmorris12
anonymous908213 · 2 months ago
I'll offer a counter-anecdote and suggest this advice isn't necessarily ironclad. I've used the same pair of $20 headphones for decades (replacing them with the same model when they die), or else laptop/TV speakers. A couple of years ago I got $200 headphones included with a new phone purchase. The $200 headphones were amazing. I got to listen to all of my favorite music with a new perspective. But I still use the $20 ones on a daily basis because the $200 ones hurt my ears with prolonged usage. The $20 ones are fine. The nice ones didn't diminish my enjoyment of them at all. And every now and then I break out the $200 ones for a treat.

Just don't become a snob. I think people tie their identity to the expensive junk they purchase and develop a sense of ego around it, of being better than the peasants, and that's why they become unable to enjoy the "lesser" experience.

norome · 2 months ago
I think you point to the real problem: It's often not about taste or enjoyment but about using expensive things as a crutch for your feeble ego. Neatly expressed by the term "nouveau riche"
norome commented on Tinkering is a way to acquire good taste   seated.ro/blog/tinkering-... · Posted by u/jxmorris12
Brian_K_White · 2 months ago
I never enjoyed shitty coffee. I never enjoyed shitty chocolate or chocolate flavored things like cakes.

Until I was 30-something I thought I just didn't like coffee or chocolate.

Then one day I had actually proper coffee, and I discovered that good coffee isn't just some imperceptably theoretically better version of regular coffee that snobs are basically just faking being sophisticated for show. They are two entirely different things.

Same even more so for chocolate. 99% of chocolate products you come into contact with are garbage. Actual chocolate is like an entirely different product. It's not a better version of the usual thing. I ate it and thought "Oh. Ok THIS must be why chocolate ever became this huge thing in the first place. Hundreds of years ago before all the industrial process and market forces produced all the "chocolate" I ever tasted in my life, what they had was this, actual chocolate. Of course they loved it."

To restate the point, I was never happy with the regular version in the first place. I assumed "I don't like coffee" or chocolate, the same way I don't like cigarettes. Turns out I love them both.

And it's possible to continue to enjoy the results of having discovered and grown some taste in some area indefinitely without diminishing returns or anything like that. I'm not much of a sweets person so I still don't buy a lot of chocolate or chocolate things like cookies etc, but we have a Trade subscription and get a new and different bag from some random indipendant roaster every 2 or 3 weeks and it's great. I don't love every single bag but I at least find them all interesting and I do love the overall high level of quality basically all the time. I'm not now overall poorer for having discovered good coffee. Life is better. And what else is there?

norome · 2 months ago
I used to think i didn't like people — Until i met some people I liked.

I think it's a bit different from developing taste, what you describe. It's more about finding out who you are. I would say once you know your baseline for what makes chocolate/coffee/etc enjoyable, then taste is about experiencing the nuances within that spectrum. Some people also have a greater tolerance for things that aren't really tasty due to coming up in a culture where things generally taste plain or bad (netherlands and UK come to mind).

norome commented on Books by People – Defending Organic Literature in an AI World   booksbypeople.org/... · Posted by u/ChrisArchitect
woolion · 2 months ago
I don't think that it's necessarily true, but the big problem is that discoverability is almost impossible, and that the investment to know how good a book might be is much higher than other forms of media. It's also why you might get more out of books, you have to make some efforts to ingest them, but this means it's a problem if you have no idea how good it might be.
norome · 2 months ago
compounded by the fact that reviews, awards, and any institution which formerly served to find good and worthy books or movies seem to have become completely detached from genuine popular interest and quality.
norome commented on White House's East Wing partially demolished as work begins on $250M ballroom   theguardian.com/us-news/2... · Posted by u/Red_Tarsius
norome · 2 months ago
Kind of fitting as the presidency has been radically reshaped in so many other ways.

u/norome

KarmaCake day26May 1, 2025View Original