• 0 Posts
  • 29 Comments
Joined 2 years ago
cake
Cake day: December 6th, 2023

help-circle



  • Anybody who’s surprised by this is part of the problem.

    If an organization possesses influence or power that can be abused, then it inevitably will be abused. It doesn’t matter how conscientious people are or how many safeguards are put in place - loathsome, power-hungry pieces of shit will angle for position in the organization, and sooner or later some will get through, and they’ll immediately start shifting the organization to accommodate them, which is to say, to accommodate loathsome, power-hungry pieces of shit. And it’s all downhill from there.

    I’m not an anarchist by accident.





  • Weird though it is I sometimes suspect just that.

    The sinplest explanation is simply that he’s oblivious to hypocrisy because he’s so narcissistic and so sociopathic that he can’t conceive of any conflicts between his desires since they are all his desires and thus inherently perfect and beautiful, and he conceive of any interpretation of events other than his own.

    But there are times, and this is one of them, in which his hypocrisy os so obvious and so brazen that it does feelbaomost deliberately.

    And I can actually see it from a warped paychological perspective - basically, he’s demonstrating that niceties like integrity and principles are for the small folk, but as an inherently superior member of the legitimate ruling class, he’s above such things, and entirely free to be just as capricious and self-serving as he pleases. It’s basically an ego flex.

    Harmful either way.










  • Yeaaaahhhh… no. I don’t think “stability” is really an accurate descriptor of what the Fed has done.

    Their “stability” consists of following policies explicitly and deliberately designed to generate an ongoing transfer of wealth up the economic ladder, and using slanted and incomplete indicators like GDP to create the illusion that their policies are of benefit to the country as a whole.

    I mean… yes, it is “stability” of a form- it’s akin to the stability necessary to build a house of cards.

    But that stability is revealed to be a fleeting and ultimately ephemeral thing when the house of cards comes crashing down, as this one most assuredly will.

    That said though, I do agree that this is theater.



  • This could get interesting.

    Whether or not the Fed “operates successfully” is a matter of perspective - if you’re fabulously wealthy, and particularly if you’re a banker or investor or corporate executive, then yes, as a general rule it does. If you’re anything else, then not so much so.

    And Trump’s relationship with bankers et al is difficult, since he’s never been able to browbeat them - he’s always had to lie and wheedle and beg to get money out of them, then when he doesn’t bother paying them back, they have the gall to come after him and try to force him to pay and even to drive him into bankruptcy. Again.

    So on the one hand, he likely wants to stick it to them.

    But on the other hand, when push comes to shove, they’re likely still more powerful than he is, even now.


  • On the first point, I’m not sure. I definitely agree that left to their own devices the AIbros would just keep expanding and battling each other and chasing ever more pie in the sky. But I don’t think they’ll be left to themselves. I think the MBAs will move in and take over, and it’ll shift to standard corporate tactics of buyouts and mergers and bankruptcies and liquidations, and inevitable consolidation.

    On the second, I agree. I think the web is actually going to effectively split into a commercial system of monolithic corporations and subscriptions and fixed hardware and a much less formal true web of small servers and self hosting and ad hoc networks.