bubblelover69

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bubblelover69

bubblelover69

@rich_f

the red star in san pellegrino

London เข้าร่วม Mart 2008
1.2K กำลังติดตาม314 ผู้ติดตาม
bubblelover69
bubblelover69@rich_f·
@damn_jehu Gold and PMs likely to fall further until these nations implement capital controls. We're effectively seeing a regional bank run.
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damn_jehu
damn_jehu@damn_jehu·
Tbh, I'm unclear on what is going on with gold, but it's performance, on face value, is not to be underestimated. Rapidly rising gold price like we saw last year is almost always a sign of impending crisis. Further, it undermine the efficacy of fiscal policy. 1/4
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bubblelover69
bubblelover69@rich_f·
@damn_jehu I gather it's due to ME financial institutions liquidating hard assets to deal with margin calls
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damn_jehu
damn_jehu@damn_jehu·
But what about the sudden collapse of gold that we have witnessed in the past two weeks? Is this a sign the crisis is easing? This is unclear. During the Volcker Shock period, interest rates were driven to very high levels. 2/4
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R. G. A. M.
R. G. A. M.@a_mundine·
@birdtankie @rich_f @Logo_Daedalus Damn shame, too. Especially when it gives way to hostility and misrepresentation. Appears rooted in a gross, foundational difference, affirming labor rather than abolishing it, among other things.
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R.Сам 🦋🐏
R.Сам 🦋🐏@Logo_Daedalus·
Jehu has the boomer trait of believing that the US military has secret alien technology that cannot be defeated because that’s what the TV told him growing up
damn_jehu@damn_jehu

Honestly, I don't think people (Leftists) realize how absolutely unmatched American Hegemony is. Military asymmetries in this equation don't even begin to address the imbalance. What Engels said about the state and the workers movement in 1895 applies here to the whole world.

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bubblelover69
bubblelover69@rich_f·
@damn_jehu We can get it the easy way or the hard way, but we're gonna get it whether we like it or not!
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damn_jehu
damn_jehu@damn_jehu·
"Communism cannot be micromanaged by some self-appointed vanguard"
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bubblelover69
bubblelover69@rich_f·
@damn_jehu the function of ICE - and all modern border systems - is to provide large subsidies to the private sector (technology & security) & to discipline workers, legal or otherwise, with both acting to increase rate of absolute SV extraction i.e., through taxation & increase competition
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damn_jehu
damn_jehu@damn_jehu·
The Trump administration never intended to implement mass deportations; ICE is a performative clown show that kills... semafor.com/article/01/26/…
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bubblelover69
bubblelover69@rich_f·
And further disciplining of workers of course through criminalisation of normal activities or. Drunkenness, being in a town centre, ebullience
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bubblelover69 รีทวีตแล้ว
Sky News
Sky News@SkyNews·
Facial recognition technology is to be rolled out across England and Wales, under sweeping reforms announced by the home secretary 📺 Sky 501, Virgin 602, Freeview 233 and YouTube #PoliticsHub trib.al/ftpea6d
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damn_jehu
damn_jehu@damn_jehu·
I'm 72. I've never voted for these criminals once in my entire life. Black-pilled from birth.
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damn_jehu
damn_jehu@damn_jehu·
Left or Right, if you think Washington is fixable, you're not Communism. It's not personal; it's communism.
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bubblelover69
bubblelover69@rich_f·
Have you seen the price of bedding these days? I guess you could say there's a cost of linen crisis going on.
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bubblelover69
bubblelover69@rich_f·
@Xenoimpulse the remaining vestiges of the ruling class abdicate and bequeath to the masses the means of production, first through equitable division of the remaining necessary human labour, then increasingly through its wholesale replacement. Human history truly then begins at this point.
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bubblelover69
bubblelover69@rich_f·
@Xenoimpulse this process eliminates individual national capitals to the point where there remains but one. It induces fratricide among the ruling classes and swells the ranks of the dispossessed. Repression itself becomes an impediment on production and is discarded. Facing its destruction >
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psychosomatica
psychosomatica@Xenoimpulse·
I'd love for someone to drop some golden refutation of this, because while I have some minor quibbles this has essentially been the conclusion I have arrived at over the past year. I'm frankly not even certain we will get off Earth as opposed to enforced stagnation.
Teortaxes▶️ (DeepSeek 推特🐋铁粉 2023 – ∞)@teortaxesTex

To restate the argument in more obvious terms. The eventual end state of labor under automation has been understood by smart men (ie not shallow libshits) for ≈160 years since Darwin Among the Machines. The timeline to full automation was unclear. Technocrats and some Marxists expected it in the 20th century. The last 14 years in AI (since connectionism won the hardware lottery as evidenced by AlexNet) match models that predict post-labor economy by 2035-2045. Vinge, Legg, Kurzweil, Moravec and others were unclear on details but it's obvious that if you showed them the present snapshot in say 1999, they'd have said «wow, yep, this is the endgame, almost all HARD puzzle pieces are placed». The current technological stack is almost certainly not the final one. That doesn't matter. It will clearly suffice to build everything needed for a rapid transition to the next one – data, software, hardware, and it looks extremely dubious that the final human-made stack will be paradigmatically much more complex than what we've done in these 14 years. Post-labor economy = post-consumer market = permanent underclass for virtually everyone and state-oligarchic power centralization by default. As an aside: «AI takeover» as an alternative scenario is cope for nihilists and red herring for autistic quokkas. Optimizing for compliance will be easier and ultimately more incentivized than optimizing for novel cognitive work. There will be a decidedly simian ruling class, though it may choose to *become* something else. But that's not our business anon. We won't have much business at all. The serious business will be about the technocapital deepening and gradually expanding beyond Earth. Frantic attempts to «escape the permanent underclass» in this community are not so much about getting rich as about converting wealth into some equity, a permanent stake in the ballooning posthuman economy, large enough that you'd at least be treading water on dividends, in the best case – large enough that it can sustain a thin, disciplined bloodline in perpetuity. Current datacenter buildup effects and PC hardware prices are suggestive of where it's going. Consumers are getting priced out of everything valuable for industrial production, starting from the top (microchips) and the bottom (raw inputs like copper and electricity). The two shockwaves will be traveling closer to the middle. This is not so much a "supercycle" as a secular trend. American resource frenzy and disregard for diplomacy can be interpreted as a state-level reaction to this understanding. There certainly are other factors, hedges for longer timelines, institutional inertia and disagreement between actors that prevents truly desperate focus on the new paradigm. But the smart people near the levers of power in the US do think in these terms. Speaking purely of the political instinct, I think the quality of US elite is very high, and they're ahead of the curve, thus there are even different American cliques who have coherent positions on the issue. Other global elites, including the Chinese one, are slower on the uptake. But this state of affairs isn't as permanent as the underclass will be. For people who are not BOTH extremely smart and agentic – myself included – I don't have a solution that doesn't sound hopelessly romantic and naive.

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bubblelover69
bubblelover69@rich_f·
@teortaxesTex Crisis of profitability will hit before crisis of worklessness. Ruling class may decide that remaining necessary human labour is divided between us.
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Teortaxes▶️ (DeepSeek 推特🐋铁粉 2023 – ∞)
To restate the argument in more obvious terms. The eventual end state of labor under automation has been understood by smart men (ie not shallow libshits) for ≈160 years since Darwin Among the Machines. The timeline to full automation was unclear. Technocrats and some Marxists expected it in the 20th century. The last 14 years in AI (since connectionism won the hardware lottery as evidenced by AlexNet) match models that predict post-labor economy by 2035-2045. Vinge, Legg, Kurzweil, Moravec and others were unclear on details but it's obvious that if you showed them the present snapshot in say 1999, they'd have said «wow, yep, this is the endgame, almost all HARD puzzle pieces are placed». The current technological stack is almost certainly not the final one. That doesn't matter. It will clearly suffice to build everything needed for a rapid transition to the next one – data, software, hardware, and it looks extremely dubious that the final human-made stack will be paradigmatically much more complex than what we've done in these 14 years. Post-labor economy = post-consumer market = permanent underclass for virtually everyone and state-oligarchic power centralization by default. As an aside: «AI takeover» as an alternative scenario is cope for nihilists and red herring for autistic quokkas. Optimizing for compliance will be easier and ultimately more incentivized than optimizing for novel cognitive work. There will be a decidedly simian ruling class, though it may choose to *become* something else. But that's not our business anon. We won't have much business at all. The serious business will be about the technocapital deepening and gradually expanding beyond Earth. Frantic attempts to «escape the permanent underclass» in this community are not so much about getting rich as about converting wealth into some equity, a permanent stake in the ballooning posthuman economy, large enough that you'd at least be treading water on dividends, in the best case – large enough that it can sustain a thin, disciplined bloodline in perpetuity. Current datacenter buildup effects and PC hardware prices are suggestive of where it's going. Consumers are getting priced out of everything valuable for industrial production, starting from the top (microchips) and the bottom (raw inputs like copper and electricity). The two shockwaves will be traveling closer to the middle. This is not so much a "supercycle" as a secular trend. American resource frenzy and disregard for diplomacy can be interpreted as a state-level reaction to this understanding. There certainly are other factors, hedges for longer timelines, institutional inertia and disagreement between actors that prevents truly desperate focus on the new paradigm. But the smart people near the levers of power in the US do think in these terms. Speaking purely of the political instinct, I think the quality of US elite is very high, and they're ahead of the curve, thus there are even different American cliques who have coherent positions on the issue. Other global elites, including the Chinese one, are slower on the uptake. But this state of affairs isn't as permanent as the underclass will be. For people who are not BOTH extremely smart and agentic – myself included – I don't have a solution that doesn't sound hopelessly romantic and naive.
Teortaxes▶️ (DeepSeek 推特🐋铁粉 2023 – ∞) tweet media
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bubblelover69
bubblelover69@rich_f·
@GuiveAssadi So, bullshit jobs expand the sphere of circulation but only to unproductive ends which enables the further expansion and valorisation of fictitious capital
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bubblelover69
bubblelover69@rich_f·
@GuiveAssadi they produce surplus value for fictitious finance capital but are not socially-productive
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Guive Assadi
Guive Assadi@GuiveAssadi·
The bullshit jobs thesis is unconvincing without some market failure story. If half of all jobs serve no useful function, as Graeber claimed, why don’t new, smaller companies simply outcompete the over-staffed ones?
roon@tszzl

@alz_zyd_ it runs much worse than before. bring back the blue hair product managers

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