300,000 more #UK #children fell into absolute #poverty at height of #CostOfLivingCrisis | Poverty | The Guardian
#UK #Politics Tories #Economics
#economics
The Anything Goes Market Demand Curve - by Steve Keen
#politics #economics #ideology
Macro-economics is a pseudo science, new episode.
This result—now known as the Sonnenschein-Mantel Debreu Theorem—showed that, not only can macroeconomics not be derived from microeconomics, but that even microeconomics itself—the analysis of demand for a single market—cannot be derived from microeconomics—the theory of the consumption behaviour of an individual.
https://profstevekeen.substack.com/p/the-anything-goes-market-demand-curve-015
Using system dynamics with Minsky to prove the core tenets of MMT
https://profstevekeen.substack.com/p/using-system-dynamics-with-minsky
How America Destroyed the German Economy
#geopolitics #economics #imperialism
Don't worry, they're playing the drums of war to stimulate the economy!
Britain’s Economy Will Only Get Worse | Aaron Bastani meets Gary Stevenson
https://www.youtube.com/watch?v=-o2REr4bs8A
#GaryStevenson
#economics #inequality #wealthinequality
#ittakesmoneytomakemoney #trajectory
#assetmanagement #theeconomy
#values
To further accompany problem identification (than already done in the interview), here's a video of Gary Stevenson's about #solutions and #opportunity (to win the ideological theoretical debate) with the #povertymajority, big #demand for alternative, in #awareness of the #statusquo not working, and about helping people understand what's happening and build on that understanding ( #educateyourselfsoyoumayeducateothers ), reform, democratic pressure, ... not hopium to placate you back to defeated slumber.
https://www.youtube.com/watch?v=jFHGiq063rA
... and while I'm at it, here's the explosive first interview from a year or so ago: https://www.youtube.com/watch?v=ViY-zI3b5JQ
There are so many many portions I could have quoted from that interview. Hard to pick. Here's just a couple.
"a call to arms."
"... [the book is] a massive opportunity for me to spread awareness of these problems"
"...this beautiful and horrible irony that if you can convince poor and ordinary people to be very very selfish in a material sense, you will completely materially impoverish them."
"So this is this amazing irony that if you cam make poor people obsessed with getting rich, they'll become poor."
"It's kind of a moral test for our society: are you willing to put your selfishness aside enough to protect your selfish interests?"
"The rich have got so much money now, they have to do something with it, they can't just sit on it."
interviewer: "I think I saw a statistic ~ this is from 2019, it's probably worse now ~ one in six baby boomers is a millionaire. Right? That is... ~ if you want to talk about the people who do the door knocking for the conservative party, that y'know... they will vote in every single bloody election for the Tories and think the sun shines out of Jeremy Hunt's backside, even when they're as terrible as they are right now. You look at the polls, and who are these 25% of people? It's those people, and the people sort of immediately around them."
The Impossibility of Microfoundations for Macroeconomics
in general, Neoclassicals are blithely unaware of how their own school of thought developed, of empirical and theoretical results that contradict core tenets their own beliefs, of the competing schools of thought within economics, of the development of economics itself over time, and crucially, of intellectual developments that have extended human knowledge in fundamental ways that affect all fields of knowledge—including economics.
https://profstevekeen.substack.com/p/the-impossibility-of-microfoundations-7fe
#Consider ...
wallstreet dont add, they take.
and they call this wealth extraction "profit", or even "make money".
worse yet!... they destroy 7 times as much as they extract. [ this means we're already 8 times richer ].
and military and weapons industries destroy orders of magnitude more.
we have so much headroom, without the crooks.
how much destroyed from espionage(++)? from banking? from FIRE (Finance, Insurance, Real Estate)? from politicians and regulators bought by these interests? and what crooks more, both bureaucratic and bully?
#
how much more yet from the secrecy industry?
with all these potential multipliers to uncap.
we have so much headroom.
even the richest now, would be richer. no robin-hood strategy required. take the brakes off. de-secret the emancipatory technology. spaceships for everybody.
this gets real easy once we each have more facilities than the richest showboating billionaires today. we can build forest arcologyscapes, dyson rings, habitatats & terraforming on many planets, moons, dwarf planets, many space stations... space expands faster than we can fill it.
no cull necessary.
(ps, zero inertia propulsion, means we can lift mountains as light as a feather, accelerate infinitely (because, remember, ZERO inertia, not just inertia-dampening), and so can also stop just as fast, very safe for avoiding collisions, and more so, can be arranged such that the more one gets on a collision trajectory, the more it pushes against that, in perfect correlation... there's so much safety margin... anyways, point being... we do not need to brute force it, like with rockets (impressive a feat as that is, ~ and fatally limited), space is easy.)
“We already have the means to travel among the stars, but these technologies are locked up in black projects and it would take an act of God to ever get them out to benefit humanity… anything you can imagine we already know how to do.” — Ben Rich, former Head of the Lockheed Skunk Works.
“It is easier for us to pay a private contractor to re-invent something so it will come out at a lower classification level, than to try to declassify it.” – Bennett Hart, then Deputy Director of the National Reconnaissance Organization
#DigitsRants ( #freedom #economics #emancipatorytechnologyadvocacy #nocullnecessary #mendwards #spacewards )
( posted with minor edits from a comment elsewhere )
PS one more thing to consider... :
“The world is like a ride in an amusement park, and when you choose to go on it you think it's real because that's how powerful our minds are. The ride goes up and down, around and around, it has thrills and chills, and it's very brightly colored, and it's very loud, and it's fun for a while. Many people have been on the ride a long time, and they begin to wonder, "Hey, is this real, or is this just a ride?" And other people have remembered, and they come back to us and say, "Hey, don't worry; don't be afraid, ever, because this is just a ride." And we … kill those people. "Shut him up! I've got a lot invested in this ride, shut him up! Look at my furrows of worry, look at my big bank account, and my family. This has to be real." It's just a ride. But we always kill the good guys who try and tell us that, you ever notice that? And let the demons run amok … But it doesn't matter, because it's just a ride. And we can change it any time we want. It's only a choice. No effort, no work, no job, no savings of money. Just a simple choice, right now, between fear and love. The eyes of fear want you to put bigger locks on your doors, buy guns, close yourself off. The eyes of love instead see all of us as one. Here's what we can do to change the world, right now, to a better ride. Take all that money we spend on weapons and defenses each year and instead spend it feeding and clothing and educating the poor of the world, which it would pay for many times over, not one human being excluded, and we could explore space, together, both inner and outer, forever, in peace.”
― Bill Hicks
... Take all that money we spend on weapons and defenses each year and instead spend it feeding and clothing and educating the poor of the world, which it would pay for many times over, not one human being excluded, and we could explore space, together, both inner and outer, forever, in peace
... not one human being excluded, and we could explore space, together, both inner and outer, forever, in peace
... and we could explore space, together, both inner and outer, forever, in peace.
:)
amen.
Age of Invention: The Second Soul, Part I
https://www.ageofinvention.xyz/p/age-of-invention-the-second-soul
Surprise, surprise...
50 years of tax cuts for the rich failed to trickle down, economics study says
This graphic from the #BBC is telling. It shows the percentage that various income groups in the #UK pay in #tax. What can't be overlooked is how much the #poorest end up paying as a percentage of their #income. So while the richest can boast how much they are contributing in absolute terms to government services, the poor are paying nearly as much as a percentage of their already meagre spending power.
Europe’s arms production is in ‘deep shit,’ says Belgian ex-general – POLITICO
Printing money, playing with stock prices may "create more value", but when reality hits back, raw industrial capacity is all that counts...
https://www.politico.eu/article/europes-arms-production-is-in-deep-shit-says-belgian-ex-general/
The secret economics destroying Britain | Gary Stevenson interview
#politics #inequality #economics #collapse #tehnofeudalism
Inequality is the cause of all of our problems. The more people don't think about how money is distributed, WHO OWNS THE FUCKING DEBT, they'll get fucked and we'll go back to feudalism.
The secret economics destroying Britain | Gary Stevenson interview
(1) Capitalism is dead and so are we | Yanis Varoufakis interview
#politics #economics #oligarchy #plutocracy #technofeudalism
