wesapien

7 ms·

1.
by wesapien 4mo ago
I agree. It's a finance capitalism issue. The people who build data centers get free reign on the use energy, land, water and the atmosphere while everyone will bear the cost. Its another upward transfer of wealth. Another wealth pump
2.
by wesapien 4mo ago
If only other countries just gave away their sovereignty then we wouldn't have to preemptively take away their sovereignty because if we don't then they will do it to us. If we don't instigate war then it will come to us and
3.
by wesapien 5mo ago
One of the problems with the data center boom is its use of fresh water. How does geo-thermal plants use water and how much?
4.
by wesapien 7mo ago
The cover story for tarrifs was re-Industrialization. The facts are that they are used more as another rent seeking maneuver, a street rat style protection racket or a means to coerce. Sell the theory but do something else.
5.
by wesapien 8mo ago
It's an admission that the decades of preference falsification and praise of the emperors clothes is not worthy anymore. Carney hints that the same pressures that kept the dysfunctional Soviet system is similar to the same pressures th
6.
by wesapien 8mo ago
Most think that the cracks in the financial system started to appear after 2008 (global financial crisis) and become truly visible after the financial system was weaponized through the seizures of Russian central bank USD reserves. It setup
7.
by wesapien 8mo ago
Blackrock released a document you can download that outlines their 2026 outlook. A key point there was: "We go underweight long-term US Treasuries." A sign of bearishness on USD due to fiscal policy. https://www.blackro
8.
by wesapien 9mo ago
I was there 2 years ago. I went inside one of the multi storey gaming places in Akihabara. The old school (90's and older) era games are a small section in one floor when there is 6 storeys of gaming.
9.
by wesapien 1y ago
Late Stage Capitalism. The real paper clip maximizers are the Silicon Valley and Wallstreet bros we met along the way.
10.
by wesapien 1y ago
If you got time, this is IMO a very good critique of the recent events by senior Americans: https://www.youtube.com/watch?v=594yN8rxIJo
11.
by wesapien 1y ago
Tarrifs can be useful in protecting your players in an new industry. In specific situations not using it like carpet bombing. Thomas Sowell who is 94 has some wisdom to share: https://x.com/HooverInst/status/190763
12.
by wesapien 1y ago
Read up on 1900s world history and what path dependency is. The dollar is the reserve currency because the USA won the title of world power near the end of the first of half of the 1900s. It was formalized in the Bretton Woods agreement in
13.
by wesapien 1y ago
Timur Kuran writes about this idea (preference falsification) in "Private Truths, Public Lies". He explains that its this idea that had kept the Soviet Union (this bad idea/system) from dying sooner. People thought it was the
14.
by wesapien 1y ago
Fake, no not at all. Look around your where live. Think about who, where, and how those things were made. Scam? From whose perspective? There is only one global reserve currency. For all intents and purposes, that is the crown and heavy is
15.
by wesapien 1y ago
I think the outcomes achieved for domestic vs foreign is another interesting angle. The degradation of purchasing power of working and middle class is have been consistently getting worse.
16.
by wesapien 1y ago
It's only one of the key levers of power of the USA. No biggie. You give people money represented by paper but mostly bits/bytes in exchange for other peoples materials and labor. Can you unpack what kind of stuff you're talk
17.
by wesapien 1y ago
The political class and plutocrats always wins regardless of the election outcome. The two party system guarantees they come out unscathed regardless of their jousting.
18.
by wesapien 1y ago
https://x.com/_PeterRyan/status/1907879785151475801 Protectionism is like child rearing. You're trying to protect the young (industry) so they survive to adulthood. The tarrifs are too broad. How the hell are
19.
by wesapien 1y ago
It's the elite wealth pump. Capital is a non-state entity but through corporations was granted person hood by states without a social contract. Trickle down economics was a complete scam and Richard Cantillon has the receipts for it.
20.
by wesapien 1y ago
The US has a very high standard of living as a whole. In order for it to compete with others, it must become "as poor" as others. You simply can't undermine your trading partners and not disrupt your privilege as the global r
21.
by wesapien 1y ago
Does that matter as much as citizens united?
22.
by wesapien 1y ago
God damn you nailed it. All the stupid wars for nothing. Rarely do I see anyone talk about these shenanigans as the mechanism to end the reserve status of the $ and the end for influence and affluence. It will breed a lot of resentment from
23.
by wesapien 1y ago
Peter Urchin says it is a plutocracy particular with the patch called Citizens United
24.
by wesapien 2y ago
Depends on the volume
25.
by wesapien 2y ago
Taking an isolated look into history is unhelpful and lacks wisdom. The events you mention will feel and sound raw due to how close it is to us. Looking at it this way, it only serves to protect existing entrenched power structures because
26.
by wesapien 2y ago
At this point, the results clearly show it doesn't matter whether it's a Republican or Democrat regime. They both cannibalized the middle class and all this drama between them are effectively for show. Both parties and their donor
27.
by wesapien 2y ago
False equivalence. The strawman that sticks out gets hammered. Peter Turchin has mapped this out. The elite wealth pump is what's ending the US empire and prosperity. This is why Trump is in power. Talk and negotiations dont work anymo
28.
by wesapien 2y ago
This is why America is so schizophrenic with money and government spending. People who behave like they are in a gold standard when it's not and advocate for treating the government spending like a household are so loud. This is not ho
29.
by wesapien 2y ago
Education alone will not stop the wealth inequality and deteriorating living standards.
30.
by wesapien 2y ago
Laborer coordination and workforce strikes.

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