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joined mar 2013
share {Economics} and generate bitcoin with reference codes.
50 topics on {Economics}
8 posts
+51.2 votes

by
coldspurs
Capitalism is unfolding exactly as Karl Marx predicted

by
coldspurs
Capitalism is unfolding exactly as Karl Marx predicted
"The system depends on human labor while simultaneously eradicating it."

0% interest rates, meme stocks, puts and calls going up simultaneously, sure looks like an end game scenario.

The big flaw of capitalism..
One day all the super rich (super useless) will realize the world seizes to go round without ground level hard workers and skilled people.
One day all the super rich (super useless) will realize the world seizes to go round without ground level hard workers and skilled people.

We're in the widening gap phase now for sure, or at least its becoming clear how far the gap already is.
The final step in every Marxism based cycle is the uprising of the proletariat, so that's the fun bit we need to look towards.. lol :)
WS
The final step in every Marxism based cycle is the uprising of the proletariat, so that's the fun bit we need to look towards.. lol :)
WS

I doubt Communism unfolded exactly how he predicted... so at least he got it half right.
Cheers BB 😁👍🍻💚
Cheers BB 😁👍🍻💚


interesting to see how reputation for quality changes over time

I was shocked how the world originally laughed at European products, they really were bumpkins.

1 post
+16 votes

by
phds mvp
Companies Die Like People, Cities Live Like Universes

by
phds mvp
Companies Die Like People, Cities Live Like Universes
Geoffrey West abstracts biological and economic data into common theories that hold amazing predictive value.

5 posts
+16 votes

by
coldspurs
Anis Varoufakis: We are living in a post-capitalist dystopia

by
coldspurs
Anis Varoufakis: We are living in a post-capitalist dystopia


Greek economist, author, and politician Yanis Varoufakis argues, “This is how capitalism ends: not with a revolutionary bang, but with an evolutionary whimper. Just as it displaced feudalism gradually, surreptitiously, until one day the bulk of human relations were market-based and feudalism was swept away, so capitalism today is being toppled by a new economic mode: techno-feudalism.”

Greece was the experiment. An entire nation sold out by a couple of politicians one of which was this chap.
He is like a left wing Jordan Peterson making lots of money writing about the obvious that most fail to see.
He is like a left wing Jordan Peterson making lots of money writing about the obvious that most fail to see.

Tell me you don't know what happened in Greece without telling me lol. The EU and IMF sold out Greece, Yannis was trying to negotiate fair terms for it's debt. Same thing happened to Ireland and Spain.
Jordan Peterson is a fraud, comparing Yannis to him is ludicrous.
Jordan Peterson is a fraud, comparing Yannis to him is ludicrous.

4 posts
+16 votes

by
zeppomarx
what will happen to cities?

by
zeppomarx
what will happen to cities?

the suits are gone are they coming back? what happens to the beauty they left behind?

So I work in the property industry in London and offices are being turned into flats and hybrid let offices where u pay a rent for a desk ! , some businesses are forcing people back in lately

1 post
+3 votes

by
wells
AI = Hyper Capitalism
2 posts
+18 votes

by
spiceX1
Frédéric Bastiat
4 posts
+9 votes
unions are our only defense against a.i.

unions are our only defense against a.i.
21 posts
+67.2 votes
Best Example of Communism?

Best Example of Communism?
some famous fails for sure but what are the success stories they dont tell us about?

Kerala in India has a long history of electing communist party politicians. It has the highest literacy rate and lowest infant mortality in India due to its policies.

Come on down voters give me a success story if you don't like the truth?? Bloody Marxists never except that it doesn't work. What ever iteration you can think of it WONT WORK!!!! everyone being the same sucks the fun out of life accept that hard work pays!

I'm not advocating for Communism but our society is full of people grafting their respective genitalia off that are still struggling financially. The idea that hard work pays ( properly) is a idea propagated by people seeking to exploit the labour of others. Nobody should need to claim benefits whilst working full time and yet...
Fwiw, I do advocate for a mixed economy. Nationalised energy, health, water, public transport etc and luxuries at the will of the free market.
Fwiw, I do advocate for a mixed economy. Nationalised energy, health, water, public transport etc and luxuries at the will of the free market.

You shouldn't be allowed to claim any benefits while in full time employment. It's crazy, we are basically subsidising employers who ought to be paying more.

And I hope that, one day, employers decide paying a living wage is more important than ever increasing profits such that in work benefits are no longer necessary. I propose a link between maximum and minimum pay within an organisation. Let's say; no pay ( overall package including bonuses, perks and dividends) higher than 5x the lowest full time salary.

I’m sure there are loads they just don’t teach us about them. Capitalism doesn’t work either does it? Too many greedy pocket filling bastards. We are all the same having money doesn’t make you better than anyone else, the fact you are here spouting this shows what a sad state the world is in 😞



I came here to say this. Glad someone else knows what's going on.
It's gradual. Socialism is the route to communism. The NHS, which we are all trained from an early age to worship, was one of the first big steps in socialism. Benefits too.
Do you all remember when Richard Madeley of all people called out Susan Michie for being a member of the Communist party? She was a main player in the 'behaviour science' part of the scamdemic. Do you remember how we were all pressured into performing that awful clap for the NHS gesture? That was like something out of North Korea/China, where citizens are softly compelled into worshipping the state - like those obvious crocodile tears that were shed over Kim of N Korea.
Ugh, most people are too close to it to see it but it is ABUNDANTLY clear.
I would recommend anyone to watch Yuri Bezmenovs lecture on how the west gets subverted to Communism. He was a soviet defector who used to subvert countries and bring them into the soviet fold for a living.
It's gradual. Socialism is the route to communism. The NHS, which we are all trained from an early age to worship, was one of the first big steps in socialism. Benefits too.
Do you all remember when Richard Madeley of all people called out Susan Michie for being a member of the Communist party? She was a main player in the 'behaviour science' part of the scamdemic. Do you remember how we were all pressured into performing that awful clap for the NHS gesture? That was like something out of North Korea/China, where citizens are softly compelled into worshipping the state - like those obvious crocodile tears that were shed over Kim of N Korea.
Ugh, most people are too close to it to see it but it is ABUNDANTLY clear.
I would recommend anyone to watch Yuri Bezmenovs lecture on how the west gets subverted to Communism. He was a soviet defector who used to subvert countries and bring them into the soviet fold for a living.

German Peasant's War (where the word communism derives), Paris Commune, two Russian revolutions minus the Bolsheviks, Makhnochina, Spanish revolution, German revolution, May 68, etc. etc. etc.
Losing in the first half don't mean the game's over.
Losing in the first half don't mean the game's over.

I don't think Communism has ever worked as Capitalists are always creaming off the top.
A great book on the subject is Eat The Rich by the US satirist (and huge drug consumer) P.J. O'Rourke. I think his and my politics are probably polar opposites, but you could get fucked up at a party with him and have an amazing time. Anyway, good book. Breaks down all sorts of different political stances, and Good Communism is one chapter, and Bad Communism another. He's a funny guy, but maybe don't consider it as in depth reasoned academic analysis.
Ah, fuck. He died in 2022. No future parties.
A great book on the subject is Eat The Rich by the US satirist (and huge drug consumer) P.J. O'Rourke. I think his and my politics are probably polar opposites, but you could get fucked up at a party with him and have an amazing time. Anyway, good book. Breaks down all sorts of different political stances, and Good Communism is one chapter, and Bad Communism another. He's a funny guy, but maybe don't consider it as in depth reasoned academic analysis.
Ah, fuck. He died in 2022. No future parties.

I don't think you'll find any. They've tried it and hundreds of millions died. Ok in principle but man's greed quickly takes over.

yeah it's the trickery of it from the knowers side and the sheer gullibility from the mark.
"From each according to his ability, to each according to his need"
To the naive person, this quote from Marx sounds like everyone will just pull their own weight for others and everyones needs will be met.
But with the benefit of hindsight, it is clearly a recipe for slave labour/the gulag system where each man is worked to his utmost but only has his basic needs met. Pretty clear with the benefit of hindsight.
There are no luxuries. Worked to the max, as much as your body can stand and in return you are provided a concrete bed, thin blanket and bowl of gruel twice a day. From each according to his ability, to each according to his need.
"From each according to his ability, to each according to his need"
To the naive person, this quote from Marx sounds like everyone will just pull their own weight for others and everyones needs will be met.
But with the benefit of hindsight, it is clearly a recipe for slave labour/the gulag system where each man is worked to his utmost but only has his basic needs met. Pretty clear with the benefit of hindsight.
There are no luxuries. Worked to the max, as much as your body can stand and in return you are provided a concrete bed, thin blanket and bowl of gruel twice a day. From each according to his ability, to each according to his need.

The only people with positive stories perished in the gulags.
"It was a laugh in the beginning, but things went steeply downhill shortly after."
"It was a laugh in the beginning, but things went steeply downhill shortly after."

Communism is inherently tyrannical. History shows that. There aren’t any examples of success for a reason. It goes against the human spirit. Millions more died die to its tyranny than under the Nazis but you never see documentaries on the BBC or Netflix about Stalin, Mao or Pol Pot. Capitalism isn’t perfect by a long way but meritocracy is natural and drives progress. People to an extent sort themselves into roles and structures on natural ability and interest. Socialism just teaches people to rely on the state whilst the state gets to dictate how people think and behave. It’s ideological tyranny on the one extreme and financial exploitation of a liberal society by the few on the other. My grandad was a carpenter and paid his subs to his union for years until he acknowledged the financial and ideological corruption that it was based on.

20 posts
+59 votes

by
zeppomarx
does a.i. enable communism?

by
zeppomarx
does a.i. enable communism?
marx said people controlling the system of workers inevitably exploit the situation.
what if those people were a.i. programmed to control the system at 0 cost?
what if those people were a.i. programmed to control the system at 0 cost?

i think the other flaws of communism would eventually come to the fore anyway. Would be very interesting to see what A.I does with state capitalism however.

The original term ‘communism’ is surely people living together harmoniously in a commune? After all communes date back to the Stone Age where groups co existed.
It worked throughout history, invaders and tribal warfare repeatedly tried to derail what was an effective system of existence….
It worked throughout history, invaders and tribal warfare repeatedly tried to derail what was an effective system of existence….

Marx & Engels write quite a fair bit about this "primitive" communism. Its part the Marxist/Communist argument against Capitalism.
Im sure we have all heard the phrase "oh but capitalism is human nature" but this couldn't be further from the truth. Capitalism has only existed 200 odd years for most of Human existence we have lived in more communistic communal ways.
when Darwin said survival of the fittest, this was not him saying the strongest wins, it is the species being able to adapt and the adaptive trait that shot Human kind straight to the top was cooperation not Capitalism.
Im sure we have all heard the phrase "oh but capitalism is human nature" but this couldn't be further from the truth. Capitalism has only existed 200 odd years for most of Human existence we have lived in more communistic communal ways.
when Darwin said survival of the fittest, this was not him saying the strongest wins, it is the species being able to adapt and the adaptive trait that shot Human kind straight to the top was cooperation not Capitalism.

surely there is no single element to human nature when it comes to economics. of course people share as well as trade, hoard and borrow to keep it all flowing.
capitalism and communism both arise naturally, it's not hard to see their equivalents among animal populations that fight over the same resources that they share in other circumstances.
capitalism and communism both arise naturally, it's not hard to see their equivalents among animal populations that fight over the same resources that they share in other circumstances.

more communistic communal ways 200 years ago - what do you mean because serfdom is what comes to mind.

I said capitalism has only 200 years not communes existed 200 years ago. But feudalism was still more communal than Capitalism. Peasants worked together on a plot of land that they paid for and were not dragged off to choking factories and confined to dense urban populations like the 1800s.
Before feudal rule however & things like the Enclosures in Europe, tribal community was the default for most human beings.
I recommend reading Marx and Engels early works or if you prefer a more modern take there are plenty of authors who have covered this section of history.
Before feudal rule however & things like the Enclosures in Europe, tribal community was the default for most human beings.
I recommend reading Marx and Engels early works or if you prefer a more modern take there are plenty of authors who have covered this section of history.

"what if those people were a.i. programmed to control the system" - we have this part, try working for uber.
"at 0 cost" - this is the communism part. possible with open source ;)
"at 0 cost" - this is the communism part. possible with open source ;)

Until technology is liberated from the capitalist mode of production & the private patents that create AI, then no. A.i under a communist government or socialist state could be used for good and help toward automation. Look to china where sophisticated computing has been used in public spaces to better traffic flow, keep public transport running and deliver goods and services. But A.I alone wont create communism. For communism to be achieved Revolution must happen first and the dominant ruling classes replaced so the means of production for AI are utilised by workers and not elites.
Also nice to know LB has comrades ;) nothing to lose but our chains baby !
Also nice to know LB has comrades ;) nothing to lose but our chains baby !

China was the first to weaponise AI with the social credit system they are/were introducing.
As an aside, China just like the USSR before it, remain the barrier against actual communisation. When state capitalism dies out as an valid idea and there's no more pretence of an alternative, libertarian communism will gain traction.
As an aside, China just like the USSR before it, remain the barrier against actual communisation. When state capitalism dies out as an valid idea and there's no more pretence of an alternative, libertarian communism will gain traction.

Just a reminder that the China "credit score" myth was a false story pushed by American war hawks and imperialists in the state department -
https://foreignpolicy.com/2018/11/16/chinas-orwellian-social-credit-score-isnt-real/
Nor have they weaponised it anymore than say Europe has when it comes to taking out a bank loan or buying property.
https://foreignpolicy.com/2018/11/16/chinas-orwellian-social-credit-score-isnt-real/
Nor have they weaponised it anymore than say Europe has when it comes to taking out a bank loan or buying property.

"From the early 2010s, some cities indeed started scoring pilots. However, these gradually became controversial – even in China. The city of Suining reportedly deducted points for government petitions and online comments, Suzhou planned penalties for reservation no-shows or cheating in online games, and Rongcheng for littering or jaywalking. Many of these pilots were later criticized by official media or failed to materialize. The most common critiques were that scores illegally restricted citizens’ legal rights or tracked behavior totally unrelated to the notion of “credit”. "
https://merics.org/en/comment/chinas-social-credit-score-untangling-myth-reality
Going by the UK, if they've tried it, it means they're open to it. And again, vis a vis Europe is not the yard stick an actual revolutionary program would be using. Maoism in 2023 is mental (except about landlords).
https://merics.org/en/comment/chinas-social-credit-score-untangling-myth-reality
Going by the UK, if they've tried it, it means they're open to it. And again, vis a vis Europe is not the yard stick an actual revolutionary program would be using. Maoism in 2023 is mental (except about landlords).

Your own source sums it up pretty well -"The idea that China gives every citizen a “social credit score” continues to capture the horrified imagination of many. But it is more bogeyman than reality."

The point remains, one capitalist state may or may not be better than another. Neither have anything to do with communism.

I mean i think you're talking about tendency, when this particular post was talking AI.
I get your point you think Chinas capitalist.
I quite obviously disagree and so do most academics and Marxists at that.
I get your point you think Chinas capitalist.
I quite obviously disagree and so do most academics and Marxists at that.

think of what c - suite execs are paid and every one of them can be replaced by an a.i. with existing technology. lots of them are just figureheads already.

It could.
Capital owners already exploit technology to reduce costs and lay off workers, ai is just another part of that.
AI and automation could be used to give people more time off, pay more for less work, improve work life balance etc, or it could be used in the way described above.
As with a lot of things, AI could be used to benefit people or it could be used to make billions of dollars, or anything in between.
Capital owners already exploit technology to reduce costs and lay off workers, ai is just another part of that.
AI and automation could be used to give people more time off, pay more for less work, improve work life balance etc, or it could be used in the way described above.
As with a lot of things, AI could be used to benefit people or it could be used to make billions of dollars, or anything in between.

26 posts
+130 votes

by
w4wendetta
How do banks "create" money?

by
w4wendetta
How do banks "create" money?
I know they make lots of it with fees, I can see this shit in my own account but someone tried to explain to me that individual banks can create money out of this air and I didn't understand.

When banks create a new loan they must also create an equal and opposite liability, in the form of a new demand deposit. Meaning when banks loan they create money out of thin air. They simply make it exist.
There is a really good series on YouTube that goes in to great depth about how it all works.
https://www.youtube.com/user/whygoldandsilver
There is a really good series on YouTube that goes in to great depth about how it all works.
https://www.youtube.com/user/whygoldandsilver

I binged watched the series in one night. No regrets haha. Really gets the brain matter flowing. That link is to his main channel, it seems he has a lot of new content. Even some videos on crypto.
This is the link to his main series I was talking about, that goes in to great depth on banking, the federal reserve, fiat currency and economics as a whole. Enjoy!
https://www.youtube.com/watch?v=DyV0OfU3-FU&list=PLE88E9ICdipidHkTehs1VbFzgwrq1jkUJ
This is the link to his main series I was talking about, that goes in to great depth on banking, the federal reserve, fiat currency and economics as a whole. Enjoy!
https://www.youtube.com/watch?v=DyV0OfU3-FU&list=PLE88E9ICdipidHkTehs1VbFzgwrq1jkUJ

I do indeed. Interesting solutions. Mike's series (if I remember correctly, it's been a few years) doesn't really go in to any solutions to the many economical issues we have, if at all. So this was a nice listen. Ty!

Money is just an I Owe U ... it says so on your GBP £ notes ! something like ... ''I promise to pay the bearer the sum of twenty pounds'' .... hmmm? but you are handing over a physical £20 note made out of paper or plastic. BUT it still is an I OWE YOU, because the actual note is a ''promise TO pay'' .. the note is not backed up by gold anymore...back in the day... money was real... now it is just digital numbers on screens, according to my limited knowledge about it. I will keep up with this thread tho, as I would like to hear what others on LB think :)

Quantitative Easing.
The ECB have been doing it for years, with no federal reserve at all.
All countries do it to a greater or lesser extent.
The reason the (US) dollar is so popular is they have a federal reserve (gold).
The reason the Euro is failing is it's based upon the German banks and their megalomaniacal desire to control Europe.
There is no EU federal reserve. Only German banks.
When the EU (and Euro) collapses, Germany will be fine, the other 26 member states will fail.
Invest as you will.
Cheers. BB
The ECB have been doing it for years, with no federal reserve at all.
All countries do it to a greater or lesser extent.
The reason the (US) dollar is so popular is they have a federal reserve (gold).
The reason the Euro is failing is it's based upon the German banks and their megalomaniacal desire to control Europe.
There is no EU federal reserve. Only German banks.
When the EU (and Euro) collapses, Germany will be fine, the other 26 member states will fail.
Invest as you will.
Cheers. BB

Petrodollar is interesting on another topic. What do you think ? It’s funny what is out there that the vast majority of people do not know about in the financial and political landscape. The petrodollar is perplexing to me

Banks also "Trade Client" funds in a range of assets from , bonds, to stocks hence why you will receive interest each month or annually on your account; that is miniscule compared to what they generate from trading your funds (which is also why your funds are insured). but there are many aspects to this and variables as i've read below each of which is pretty much true.

"since banks work as the accountants of record – while the rest of the economy assumes they are honest accountants – it is possible for the banks to increase the money in the accounts of some of us (those who receive a loan), by simply altering the figures. Nobody else will notice, because agents cannot distinguish between money that had actually been saved and deposited and money that has been created ‘out of nothing’ by the bank” - Richard Werner

Yes if they say its "in the bank" that's all it takes to do what they want with it - regardless of whether it exists.

Banks literally print money and we are expected to accept it has value when in actual fact there is nothing backing fiat currencies anymore. Used to be that dollar was backed by gold reserves then oil but now its backed by the promise... Basically the whole world is in a debt/credit spiral that will unravial at some point...

All began with financial deregulation in the 1970’s . The banks just click some buttons and magic. Then you pay them back, what a business!!!
This is a major cause of inflation. They are putting money that hasn’t been earned yet from the future in todays circulation . That’s why our money 💰 s worth fuck all now. Well one of the many reasons;)
This is a major cause of inflation. They are putting money that hasn’t been earned yet from the future in todays circulation . That’s why our money 💰 s worth fuck all now. Well one of the many reasons;)

not individual banks! but they do make money lol dont make much sense does it
little ben
little ben

yes, individual banks, check out the werner stuff in this thread. basically it's just accounting that makes them book things twice. if it's on a bank's books it is money.

Yes Werner's study explains the double ledger. The implications being that when you deposit your own fiat, what is really happening is that the banks are purchasing security futures from you with promises to pay. The b of e charter actually explains that they cannot and do not lend money or take deposits.
White rabbit trust on YouTube and youandyourcash.com seek and example plenty of successful remedy.
White rabbit trust on YouTube and youandyourcash.com seek and example plenty of successful remedy.

They don't, they make up fiat currency (£, $, € ect ect) just a bar code number to give it a vaule. Money is only something that can be equally treaded fairly ie gold.

6 posts
+29 votes

by
dreday
Is There Any Alternative To Universal Basic Income?

by
dreday
Is There Any Alternative To Universal Basic Income?
We are watching entire categories of jobs disappear in real time now and the new jobs are niche at best. What else can we do to prevent millions falling into poverty?

Wouldn't it be great if we had community owned cafes and shops?
Community cafes where fresh food is grown on site and seasonal food is made to serve. Anyone is welcome even if you can't pay. Rent is heavy reduce as it's council owned.
We have local repairs shops that have experts and volunteers to help you fix items for free. Or you can donate it and it'll help them raise money to put back into the repair shop.
This is normalised across the country and it's access to everybody.
I believe this would change mind sets and give a huge sense of community and purpose along with create jobs and opportunities which benefits the local community.
Sorry for the rambling 😅
Community cafes where fresh food is grown on site and seasonal food is made to serve. Anyone is welcome even if you can't pay. Rent is heavy reduce as it's council owned.
We have local repairs shops that have experts and volunteers to help you fix items for free. Or you can donate it and it'll help them raise money to put back into the repair shop.
This is normalised across the country and it's access to everybody.
I believe this would change mind sets and give a huge sense of community and purpose along with create jobs and opportunities which benefits the local community.
Sorry for the rambling 😅

There are currently 1.8 jobs for every employable person in the US. Post pandemic people have chosen not to go back to work or to work on their own terms without fearing the consequences. Much of this is funded by the trillions stashed during the pandemic and logically must get spent eventually but attitudes to work have shifted dramatically. What used to be benefit ‘safety nets’ are now viable alternatives to work. How this will ultimately be funded is the great conundrum of our times….

Perhaps we should stop relying on China for all our stuff and bring manufacturing jobs back to the West?

nonnation.xyz ... Nations as we know them are over in the west ... This is the only way forward .. read up on this and understand just how decentralised this rabbit hole goes.

13 posts
+54.2 votes
what's left libertarianism?
if anyone can parse this bs on wikipedia id love to see it

B.s confirmed. The libertarian/authoritarian is a different axis from the left/right paradigm. The left/right axis doesn't really matter anymore. Classic liberalism much more akin to Conservative values.
The more relevant terms when talking of the laissez-faire ideas are whether you are a consequentialist, or deontological libertarian I.e: do consequences matter or is it the rules that matter?
The more relevant terms when talking of the laissez-faire ideas are whether you are a consequentialist, or deontological libertarian I.e: do consequences matter or is it the rules that matter?

The government determine the rules, generally speaking don't they?
The consequentialist libertarian generally would say that they are not against force (by government)per se, but they believe in strong private property rights because it generally makes people happy and prosperous when they have them.
The consequentialist libertarian generally would say that they are not against force (by government)per se, but they believe in strong private property rights because it generally makes people happy and prosperous when they have them.

it makes sense: private property for what we create, public property for what's already sitting on the planet.

I find today’s liberal left to be very authoritarian in nature. They use all the kind fluffy buzz words but ram it down your throat with a hot poker.

…
i guess its socialism without the power structure however most left libertarians these days are just cancel culture fools

20 posts
+96.5 votes

by
thomasTank
What is Neo Feudalism?

by
thomasTank
What is Neo Feudalism?
As governments take over the economy partnering with corporations and the super rich we are left with something that looks a lot like feudal times.

I think there has always been feudalism in one form or another. There is always a class that ultimately owns everything because they can confiscate it, grant it a "title" or tax it. This premise always leads to same outcome it's just a matter of how greedy or insane the current landlord is.

Everything consolidates one way or another, thats why decentralization is both great and doomed.

probably starting from the neolithic era yes with the only exception of the 20th century, the only period of history where people got a bit of control of the power. Now is going to be lost for decades to come.

We need to look on the bright side, we are actually free serfs. We are free to seek a new master and we can seek redress in the crown courts, unfree serfs couldn't. However if we hadn't spent so much bit coin here we might actually be free with the value of it now.

Thanks for sharing.
I see examples of this not just on the internet but in all industries. Walk down most high streets here in the UK and they now pretty much all look identical the same shops, coffee shops and chain restaurants with very few independent offerings. The cost of rent, business rates and all the red tape make it pretty much impossible nowadays for small independents to even start up.
Watching a show about fisherman on the BBC painted a picture of the EU quota system they must use and how the industry is dominated by money and huge boats and how these owners buy up small fishing boats and take the quotas these boats have to use on the mega trawlers.
The car industry seems totally monopolised now and we actually get very little choice - notice how the different makers share chassis and engines and the only real difference you get is the interior and badge. Everything else is pretty much controlled by rules and regulations.
It is obvious that these big players of industry are in cahoots with the those that set the rules and regulations as we saw with the emissions scandal with VW and EU collaboration.
Covid and lockdowns have exacerbated the situation as many small business owners left without any financial supports have gone to the wall while government loans to the huge corporations sit unused in their bank accounts.
Truly depressing times.
I see examples of this not just on the internet but in all industries. Walk down most high streets here in the UK and they now pretty much all look identical the same shops, coffee shops and chain restaurants with very few independent offerings. The cost of rent, business rates and all the red tape make it pretty much impossible nowadays for small independents to even start up.
Watching a show about fisherman on the BBC painted a picture of the EU quota system they must use and how the industry is dominated by money and huge boats and how these owners buy up small fishing boats and take the quotas these boats have to use on the mega trawlers.
The car industry seems totally monopolised now and we actually get very little choice - notice how the different makers share chassis and engines and the only real difference you get is the interior and badge. Everything else is pretty much controlled by rules and regulations.
It is obvious that these big players of industry are in cahoots with the those that set the rules and regulations as we saw with the emissions scandal with VW and EU collaboration.
Covid and lockdowns have exacerbated the situation as many small business owners left without any financial supports have gone to the wall while government loans to the huge corporations sit unused in their bank accounts.
Truly depressing times.

This is the model dreamed up by Gabrielle D'Nunzio, Mussolini, Franco and later tried by Stroessner, Pinochet and Thatcher. Always fails cos tho i am a committed capitalist even i realise extraction cannot work for ever as either you run out of victims (Franco, Pinochet) or the victims turn on you (Mussolini, Thatcher) At least Il Duce didn't cry when his turn came, Thatcher mewled and puked like a rat.

I call it digital feaudalism. And yes, we have never really exited the feudal system. It just morphs and transforms, keeping the 1% at the top, making almost all the rest their slaves.

Fascinating. Bleak. truly people have been brainwashed by the media and now vote with their wallets. Far more regulation required at the top end, we cant stop the progress, and in many ways it serves us well. Democracy can still win the day, and we can unite for the good of all people. Education is the key, and a few good humans can change the world. It cant be allowed that rampant free market capitalism destroys us. Roll on technical singularity, according to Moores law would be around 2042 but i believe the theory is faultering (Moores law) so might take a bit longer. Technological growth becomes uncontrollable and irreversible, resulting in unforeseeable changes to human civilization. We have just leisure time so we study philosophy and all becone enlightened beings living in a tech utopia. Peace

Moore's law is doing fine once you abstract it to include progress besides chip density. Computation overall is on track when you include advances in software and a.i.

it will take more than economics for everyone to spend their leisure time studying philosophy. but im with you at least

Hope so but would we be the same beings, even the same species? I think Nietszche was mostly a clown but "homo, ecce homo" hits home

What is Neo Feudalism and being British mean?
Neo-feudalism refers to a concept that draws parallels between modern societal structures and the feudal system of the Middle Ages. It suggests that power and wealth are concentrated in the hands of a few influential individuals or entities, leading to a significant wealth disparity and limited social mobility. In a neo-feudalistic system, there may be an entrenched hierarchy, with a small elite class exerting control over economic, political, and social aspects, while the majority of the population faces limited opportunities and struggles to improve their circumstances.
Being British refers to being a citizen or a resident of the United Kingdom or having a connection to British culture and heritage. It typically implies a sense of national identity associated with the customs, traditions, and values of the British people. It encompasses aspects such as the English language, British history, British institutions, and cultural practices that are prevalent in the UK. However, it's important to note that "being British" can mean different things to different people, as it can encompass a diverse range of identities and perspectives within the multicultural society of the United Kingdom,
Neo-feudalism refers to a concept that draws parallels between modern societal structures and the feudal system of the Middle Ages. It suggests that power and wealth are concentrated in the hands of a few influential individuals or entities, leading to a significant wealth disparity and limited social mobility. In a neo-feudalistic system, there may be an entrenched hierarchy, with a small elite class exerting control over economic, political, and social aspects, while the majority of the population faces limited opportunities and struggles to improve their circumstances.
Being British refers to being a citizen or a resident of the United Kingdom or having a connection to British culture and heritage. It typically implies a sense of national identity associated with the customs, traditions, and values of the British people. It encompasses aspects such as the English language, British history, British institutions, and cultural practices that are prevalent in the UK. However, it's important to note that "being British" can mean different things to different people, as it can encompass a diverse range of identities and perspectives within the multicultural society of the United Kingdom,

Like the last feudal era they will ultimately fail IMO. Biden, bezos, bj and the two conos in NZ & Canada are only one mad bomber away from losing all the kleptocratic gains they have extracted. Putin and Xi poss a battalion or two away. Even if the above are stopped there are always despots trying their luck. The better angels of our nature (thanks Pinker, S) have always stayed in the fight so that the new boss is NOT always the same as the old boss (thanks Townshend, P)

8 posts
+26 votes

by
at tes
How can people deal with natural monopolies?

by
at tes
How can people deal with natural monopolies?
I understand here are situations where there is only room for 1 provider of something like when the investment is huge and there isn’t enough biz for more competitors. Fair enough but if this is a fact of life is their any way best to prevent an evil monopolist that will gouge prices and offer lousy service?

Innovation is always the best answer for this shit; a technology that makes it possible to compete without a huge investment will end the monopoly. Then low and behold the old guys won’t be sucking your blood anymore they will be alive and competing!

Waiting for the White Knight like this is great for the long run but it doesn’t change what everyone has to face right now.

There's an old solution for monopoly suppliers, Cooperatives. If a monopoly is owned by its users then the whole conflict between greed and utility just disappears. Cooperatives been around for farming since before my grandfather’s time I don’t know exactly how long but they were used to buy big tools and grain elevators that every farmer could share.

I buy my groceries from a co-op, much, much better products than the chain supermarket and good prices.

Yes if you organise you get some of the power of the cooperative just by virtue of having done it. I would think this is the best solution, to actually start the cooperative and keep an open ear to the monopolist, seeing if things can be settled at the earliest possible stage.

If the users organize a boycott it can force the monopolist into better behavior. Though it can be kind of ugly and tends to leave a bitter taste for both sides. A theatrical action before this could be a petition or media generation on social networks.

2 posts
+7 votes

by
doc holiday
The only natural law of economics is cronyism

by
doc holiday
The only natural law of economics is cronyism
Because tribalism is the only natural law of sociology.
Capitalism gets you there communism gets you there.
Capitalism gets you there communism gets you there.

2 posts
+4 votes

by
Bennybe1
are services like chatgpt going to change the world?

by
Bennybe1
are services like chatgpt going to change the world?
ive recently been experimenting with chatgpt a ai chat bot that as far as i aware is the most advanced one publicly availible to any tom, dick or harry. im blown away as an experiment i setup on upwork/pph and was able to generate income from simply asking it to solve the issues or write blogs withing the requirement of the work i applied for. i had fantastic response and althought this was an experiment i am now seriously considering use this as a sideline earning, i cant wait till this is like a jarvis integration with some specs or simlar haha. This technology is surly expedieting a national wage? or atleast redundacies in some work force.

3 posts
+9 votes

by
coldspurs
The 50-Euro Lawsuit Threatening OPEC

by
coldspurs
The 50-Euro Lawsuit Threatening OPEC
This German punter is calling out OPEC for the illegal cartel that it is.

12 posts
+58 votes
the same old revolution is still avoidable

the same old revolution is still avoidable

yeah yeah if you look at all the data when any society gets this stratified a revolution always follows. but we are are pre-post-humans self-aware of this fact! so we can do it different this time and get fucked over differently, worst case.
poor suckers (most of the world) are handed serf jobs - the spoils of a trade war "protecting" them. for their labor they get to take it in the ass from monopolies, polluters and anyone else that they are sold to by the "leaders™.
the sycophantic rich get their spoils too - the poor's labor and the right to suck back every cent in consumerism. but they are just as vulnerable as the poor, if don't pay the rulers for their privileges they are reminded that ultimate authority ultimately owns everything it wants because it has the guns. if they dont play ball the fallen are made into public examples; the leaders thus bond with the rabble who revel in the schadenfreude.
ultimately authoritarians sell out the poor to the rich and vice versa a very old art perfected by russian tzar's. and as long as both sides remain divided the cunt standing in the middle can play savior to both sides.
while many rich savor an ass kissing plutocracy some of them actually say fuck you to the government just like the masses of disenfranchised. maybe they hate injustice or maybe they just cant stomach the ass kissing. and the poor are ready for anything.
no doubt burn it all down has some delicious appeal but the aftertaste is still a bunch of cunts playing divisive games. only they don't even have the brains to build the shit they just stole.
somebody tell me another way.
poor suckers (most of the world) are handed serf jobs - the spoils of a trade war "protecting" them. for their labor they get to take it in the ass from monopolies, polluters and anyone else that they are sold to by the "leaders™.
the sycophantic rich get their spoils too - the poor's labor and the right to suck back every cent in consumerism. but they are just as vulnerable as the poor, if don't pay the rulers for their privileges they are reminded that ultimate authority ultimately owns everything it wants because it has the guns. if they dont play ball the fallen are made into public examples; the leaders thus bond with the rabble who revel in the schadenfreude.
ultimately authoritarians sell out the poor to the rich and vice versa a very old art perfected by russian tzar's. and as long as both sides remain divided the cunt standing in the middle can play savior to both sides.
while many rich savor an ass kissing plutocracy some of them actually say fuck you to the government just like the masses of disenfranchised. maybe they hate injustice or maybe they just cant stomach the ass kissing. and the poor are ready for anything.
no doubt burn it all down has some delicious appeal but the aftertaste is still a bunch of cunts playing divisive games. only they don't even have the brains to build the shit they just stole.
somebody tell me another way.

Wishful thinking, the leading VR platform is Facebook. You think you are surrounded with web surveillance? These are the good old days.

How can the rest of the world let this happen? They've rejected Facebook's crypto coin pretty easily.

As long as an authority is collecting taxes you are always going to wind up in the same place. Power will be used to obtain the money and money will be used to obtain power to get more money. These are rules of nature.

Swap some of your bitcoin into chainlink and ethereum and wait for the boom, cash out and take yourself off to thailand where you can live like a king, my exit strategy lol

18 posts
+64.5 votes

by
jksez
What if Reparations for Slavery were Paid Instead of Bank Bail Outs?

by
jksez
What if Reparations for Slavery were Paid Instead of Bank Bail Outs?
I was just thinking about all the billions paid to banks to keep the economy going after they fucked it up. What if instead of that we let the banks fail and didn’t pay anything beyond deposit insurance. Then to prop up the economy we paid the descendants of slaves the same money that we gave to the banks. Wouldn’t that stimulate the economy in a way that made our society a better one instead of ever worse?

But why is the US Federal Gov the plaintiff? They fought against slavery with everything they had, 100 years later they peacefully fought the South against segregation. I think something is owed but the feds are the good guys on this one.

HONESTLY I USED TO BE ON THE FENCE ABOUT REPARATIONS COS ALTHOUGH THERE WERE GRAVE INJUSTICES DONE HOW DO YOU IDENTIFY WHO TO GIVE THE MONEY TO? AND THERE WERE AFRICANS WHO PROFITED TO WHERE DO THEY LAY? BUT THEN I HEARD GOVERNMENTS WERE PAYING FUCKING DESCEDENTS OF SLAVEOWNERS UP UNTIL 2015! SO CLEARLY REPARATIONS WAS NEVER THE ISSUE JUST WHO WAS TO GET EM!

I really like this.
All comments more or less are about the idea of reparation, and mostly I agree.
But its not about reparation despite the title, its about where to best direct a stimulus package. My Everyman understanding of the Covid downturn is that the UK exchequer has licensed uk banks to loan to pretty much anyone with a business no questions asked, money that is created in the moment of granting the loan.
Equally you could hand it out in the street or mail cheques to people whether they need it or not. Give it to the living heirs of slaves or give it to banks to hand out in executive bonuses? Who's gonna make the most stimulus with it?
All comments more or less are about the idea of reparation, and mostly I agree.
But its not about reparation despite the title, its about where to best direct a stimulus package. My Everyman understanding of the Covid downturn is that the UK exchequer has licensed uk banks to loan to pretty much anyone with a business no questions asked, money that is created in the moment of granting the loan.
Equally you could hand it out in the street or mail cheques to people whether they need it or not. Give it to the living heirs of slaves or give it to banks to hand out in executive bonuses? Who's gonna make the most stimulus with it?

The entire financial system is a ponsi scheme and always has been...the banks dont have any real money....we are taxed 97p in the pound, removing that would free the economy.
and,...slavery???
what about the 1,000,000 white people taken from the shores of europe by the north african slavers? do we get anything? and will the millions of black africans who created and profited from the slave trade and enslaved and murdered their own people have to pay?
and do we get the danegeld back?
slavery still exists, 6500 dead slaves in Qatar building stadiums for footballers to kneel down in....it is used to promote an anti white and democracy agenda by billioniares who would destroy our culture. stop mining lythium if you care about black slaves..oh no thats anti green.....
looking at 1 minute of a 24 hour clock and casting blame is how our idiot media works now for both slavery and climate propaganda...let's not encourage them ...
and,...slavery???
what about the 1,000,000 white people taken from the shores of europe by the north african slavers? do we get anything? and will the millions of black africans who created and profited from the slave trade and enslaved and murdered their own people have to pay?
and do we get the danegeld back?
slavery still exists, 6500 dead slaves in Qatar building stadiums for footballers to kneel down in....it is used to promote an anti white and democracy agenda by billioniares who would destroy our culture. stop mining lythium if you care about black slaves..oh no thats anti green.....
looking at 1 minute of a 24 hour clock and casting blame is how our idiot media works now for both slavery and climate propaganda...let's not encourage them ...

The MP for my old constituency (dorest) is Richard Drax, he's still sitting on all the wealth and land his family acquired. He sees no problem with owning land thousands of slaves were murdered on. Dispicable person.

Instead of hand outs, maybe being given equal opportunity in the work place truly would be a better start. Just an example here but how come I see a white bloke in charge of black football teams but you’ll never see a black or any shade darker than a beach tan running an English football team.

No, it would absolutely not stimulate the economy. You're sort of just blasting a random talking point without much thought to it.
The US also has no obligation to the present generation just because of the abuse of their black ancestors - such an assertion is just ridiculous.
If you think handing out free-money like that "stimulates the economy" then you are totally wrong. In fact, you are hurting the economy and society by making light of racial issues where they already have no place.
The US also has no obligation to the present generation just because of the abuse of their black ancestors - such an assertion is just ridiculous.
If you think handing out free-money like that "stimulates the economy" then you are totally wrong. In fact, you are hurting the economy and society by making light of racial issues where they already have no place.

Governments hand out money its just a matter of who they give it to. In the USA they have handed money to banks and hedge funds via 0% loans.
I think reparations for stealing human beings is a better idea than this, the money will get spent stimulating the working economy rather just pumping up the stock market.
I think reparations for stealing human beings is a better idea than this, the money will get spent stimulating the working economy rather just pumping up the stock market.

It's paying back a debt that financed the country for generations. If you can't see that I think maybe glasses.

14 posts
+38 votes

by
the Kushans
how hard is it to get skills anymore?

by
the Kushans
how hard is it to get skills anymore?
the growing divide between rich and poor, the loss of jobs to immigrants and robots, youth unemployment, nearly every economic problem is caused by a lack of value producing skills.
but why? nearly everything you could do in this world can be learned for free with this little invention called the world wide web. i think you have heard of it even if you don't have an expensive computer.
a p.o.s. android phone and free wifi has you in many of the finest classrooms on earth, you don't need a wing named after your grandfather anymore.
if you don't have the patience for this there is a youtube video for 21st century dummies on nearly every lesson on earth, pause, rewind, learn at your own pace for free.
yeah sorry, the assembly line that paid for 3 weeks off isn't hiring anymore, neither is the lord's farm or those stone hauling gigs down in egypt. things have changed - for the better.
but why? nearly everything you could do in this world can be learned for free with this little invention called the world wide web. i think you have heard of it even if you don't have an expensive computer.
a p.o.s. android phone and free wifi has you in many of the finest classrooms on earth, you don't need a wing named after your grandfather anymore.
if you don't have the patience for this there is a youtube video for 21st century dummies on nearly every lesson on earth, pause, rewind, learn at your own pace for free.
yeah sorry, the assembly line that paid for 3 weeks off isn't hiring anymore, neither is the lord's farm or those stone hauling gigs down in egypt. things have changed - for the better.

Acquiring knowledge is different to acquiring skills.
You're not going to learn how to deal with patients, or good bedside manner, if you're a nurse, from a YouTube video.
Nor dealing with livestock if you're a farmer. These things come with time on the job.
I do agree though that your average degree, certainly in humanities, can be done from your sofa.
The Internet is a wonderful thing. I think sometimes we forget how lucky we are to have this amount of knowledge at our fingertips.
Just my 2p.
Cheers BB
You're not going to learn how to deal with patients, or good bedside manner, if you're a nurse, from a YouTube video.
Nor dealing with livestock if you're a farmer. These things come with time on the job.
I do agree though that your average degree, certainly in humanities, can be done from your sofa.
The Internet is a wonderful thing. I think sometimes we forget how lucky we are to have this amount of knowledge at our fingertips.
Just my 2p.
Cheers BB

+1
knowledge + experience = skill
Just from what I see in my work, only the people with experience know what to do when the plans inevitably fail 😂
knowledge + experience = skill
Just from what I see in my work, only the people with experience know what to do when the plans inevitably fail 😂

Anyone can acquire the skills that they want, it just depends upon how dedicated they are. I mean there's a shit ton of skills that i want to master and learn, but usually i'm busy with other things. The internet is a wonderful thing. But also, it takes a lot of time to learn certain skills and most people like my self are quite lazy and can't be asked to learn new things, unless they really want to.

True but I'm not sure about "anymore". It's always been possible for motivated people to acquire skills, it's easier now but I don't think that is going to change the dynamic. People are afraid and or lazy when it comes to pursuing things that aren't right up in their face.

Actually all of our problems are due to over population. One person can do more work now due to technology. Also humans keep on devaluing themselves by constantly breeding. It’s the law of supply and demand. The fewer of us there are the more valuable we are to employers. When we breed out of control then employers can pick whoever they want. That’s my opinion;)

Norman Tebbit rebooted.
Don’t question increasing stratification of haves and have nots, just pull yourself up by your bootstraps.
200 applicants for one job at Tesco?
Have you thought about trying a different Tesco? Hmm?
Don’t question increasing stratification of haves and have nots, just pull yourself up by your bootstraps.
200 applicants for one job at Tesco?
Have you thought about trying a different Tesco? Hmm?

Try to think from the perspective of a business owner. Sifting through resumes. Bachelor's. honours. Doctorates. Oh no. This mad lad has googled it. Hire him now

I get what your saying but the person carrying out the skilled job more often than not needs proper training and certification if not just for the client but more importantly for insurance purposes!

Insurance would work a lot better if there were public records of outcomes on a blockchain rather than a certification authority that inevitably becomes a racket.

This is true from the perspective of individuals, but what about societies. Societies like governments take most f our resources under the auspices of producing better outcomes.
If society says yeah anyone can do anything if they play the game right that's a fail. It should be a matter of course that an honest and motivated person is going to do well but that's not what we have. The only sure thing in our society is access to power.
If society says yeah anyone can do anything if they play the game right that's a fail. It should be a matter of course that an honest and motivated person is going to do well but that's not what we have. The only sure thing in our society is access to power.

3 posts
+7 votes
The Industrial Era Ended, and So Will the Digital Era

The Industrial Era Ended, and So Will the Digital Era
Do you wonder why your Iphone hasn't evolved in the last 5 years? It is because we are at the end of this era.

i dont think steve jobs would have been at all satisfied with the lack of innovation. cook managed earnings, jobs managed product.

6 posts
+17.2 votes

by
24601
What is Surveillance Capitalism?

by
24601
What is Surveillance Capitalism?
Surveillance capitalism is a new term addressing the process of commodifying personal data with the core purpose of profit-making. Since personal data can be commodified it has become one of the most valuable resources on earth.

To answer the original question, it's a son of a whore.
Unless you want to go through a lot of ball ache you're basically chipped if you own a smart phone. This is at present an unregulated free for all and tech companies are making hay. But slowly I should imagine a thirst for privacy will emerge and that more people will begin cutting google and facebook out of their lives. I know my next phone is definitely going to be a degoogled android, and I'm already fb free
Unless you want to go through a lot of ball ache you're basically chipped if you own a smart phone. This is at present an unregulated free for all and tech companies are making hay. But slowly I should imagine a thirst for privacy will emerge and that more people will begin cutting google and facebook out of their lives. I know my next phone is definitely going to be a degoogled android, and I'm already fb free

tbh i am not worried at all. for a normal human being in this world, who does no harm or break any dumbass rules, i think nobody would bother using any personal info against me. what would they achieve? fuckall thats what. dont bother get into some conspiracy shit, as at the end of the day life ends up too short to realize whats good. sry if im not making sense, having some lovely gummies from radarbreeder which hit like a hailstorm

Privacy isn't about your data its about the rights of those that keep society in check. Just like freedom of speech; its unlikely that any of us are going to say anything that a government will censor but we need others to be able to do this.
With privacy a whislteblower or someone collecting data against the powerful needs that protection or we are all really fucked.
With privacy a whislteblower or someone collecting data against the powerful needs that protection or we are all really fucked.

that's perfectly alright pompom. I don't think you've taken the time to look into this and see what facebook and google are really doing, because if you do I'm confident you'll change your tune. I can assure you it is far worse and far further reaching than you imagine. Tbh the nothing to hide argument is very flimsy. For example. The guy next door has a moustache that makes him look like a paedo and he behaves in erratic ways, so presumably an anonymous tip off to inform the busies of his noncing habit will only be a problem for him if he has something to hide? Crude example I know but the point stands. Back to the price of bread, I advise you to research how fb operates as a worthy starting point

no i admit i haven`t researched anything of what you guys discussing, but at the end of the day im on the same opinion. i think as a free person (or believe i do, despite working for the rich) and my mind feels higher then the people who surround me and hurts me to see the way they see things. how miserable their lives are because of their shitty job(mine is the same tho) and stuff like that. i know facebook for example were sued last year or so for selling customers data to a 3rd party or some shit like that and watched the video where zuckerberg was trying to reply not looking like a slow thinker infront of the senate. however, stay safe all and take the tin foil hats sometimes, because thats what will really save us at the end when things go to hell. peace

27 posts
+113 votes

by
yagz
AI So What. There will always be work.

by
yagz
AI So What. There will always be work.


This humble and intelligent professor explains how machine replacement of jobs works out for people; it's always in ways that are new and unimaginable. It is certain we are in for a great time with A.I. enabling us to to incredible stuff.

AI is well past any notion or idea we can fathom. AI dosent follow ANY rule we stand by.
We as humans will never quite grasp the entire picture, while AI has already found the end of the road. there are things in basic sciences kept from most people, like gravity drives, the TIME axis (think twister/tornado), scalar waves, over unity devices, etc... AI wont follow the bounds because its supressed by money or greed...
we as humans can TRY to think what will happen, but in all reality, were already in the losing seat without any hope for a "comeback kid story"
Stop thinking in a 3rd dimension mindset, and learn quantum physics a little. (want to be totaly mindblown?? look up QUANTUM radar- and how its actualy In use RIGHT NOW!)
--note-- the united states has 3 confirmed quantum computers in use! (i accidently came across one when i traveled for work, but most people wouldnt know to look at the cryogentics involved)
Machine-in-a box- experiment has already proven even the smartest among us, would lose.
me,myself ,personaly, am clueless what outcomes will unfold, but without any doubt , humans are not top priority when AI is really awake. current neuro-nets are mind boggling and google themselves admits they cant explain how its AI created child AI even works. (yes, AI created its own second AI) want to me mind blown again,years ago it was used, look up the AI that was tested in new yorks hospital system. the smartest doctors from the world STILL dont understand what that AI did , and how it was so correct/right 97%.)
i wont lie and say its all terminator 2JD, but that is one possible outcome. we as fellow fleshy companions should enjoy life now and every moment. we wont have many opertunities when AI is out of the box.
Note: its not IF , but WHEN, and WHEN happens?? ---will humans stand a chance or will an outaide force be required? (aliens, god, let your mind wander)
We as humans will never quite grasp the entire picture, while AI has already found the end of the road. there are things in basic sciences kept from most people, like gravity drives, the TIME axis (think twister/tornado), scalar waves, over unity devices, etc... AI wont follow the bounds because its supressed by money or greed...
we as humans can TRY to think what will happen, but in all reality, were already in the losing seat without any hope for a "comeback kid story"
Stop thinking in a 3rd dimension mindset, and learn quantum physics a little. (want to be totaly mindblown?? look up QUANTUM radar- and how its actualy In use RIGHT NOW!)
--note-- the united states has 3 confirmed quantum computers in use! (i accidently came across one when i traveled for work, but most people wouldnt know to look at the cryogentics involved)
Machine-in-a box- experiment has already proven even the smartest among us, would lose.
me,myself ,personaly, am clueless what outcomes will unfold, but without any doubt , humans are not top priority when AI is really awake. current neuro-nets are mind boggling and google themselves admits they cant explain how its AI created child AI even works. (yes, AI created its own second AI) want to me mind blown again,years ago it was used, look up the AI that was tested in new yorks hospital system. the smartest doctors from the world STILL dont understand what that AI did , and how it was so correct/right 97%.)
i wont lie and say its all terminator 2JD, but that is one possible outcome. we as fellow fleshy companions should enjoy life now and every moment. we wont have many opertunities when AI is out of the box.
Note: its not IF , but WHEN, and WHEN happens?? ---will humans stand a chance or will an outaide force be required? (aliens, god, let your mind wander)

cory doctrow has an interesting perspective on this, saying that all the displacement from global warming and increased healthcare needs will keep humans busy for a very long time.

with all due respect it can take a bullet, sacrifice its life, and draw on millions of previous occurrences. that's a helluva start.

What if the people who's lives are at risk all get replaced by robots? Also, isn't that what a self driving car is doing constantly?

cars have relatively simple rules and a very fixed environment. interpreting a dangerous human is a much, much harder problem

If there is work for humans it has to be something A.I. can't do. We are all teaching it to do everything, even (especially) right here.
I think its like retirement age is on the horizon and humans need to decide what they are going to do with all the free time.
I think its like retirement age is on the horizon and humans need to decide what they are going to do with all the free time.

AI are and will be good for work and a suitable replacement for humans, but even when that happens AI will always need us in case something goes wrong. I mean humans created AI, so in the end we’re always gonna have the more important jobs. AI is just there to do jobs in a more efficient way.

im not so sure, anything a human does to recover the system seems doable with a very separate AI

Yes but conflict between AI's might be the most dangerous thing we are looking at here. We are incidental casualties from that perspective. By we I mean humans :)

Yes all the Scifi is about humans vs AI but AI on AI is such a real possibility especially when you consider the fact that governments are mega funding military robots to fight each other.
