Re: Is a Madmax outcome coming before 2020? Thus do we need anonymity?
P.S. I am done talking. I've already stated upthread my plan-of-action, don't need to repeat.
I am not for making people suffer, because I understand that government only serves one purpose which is to redistribute from the profitably productive to the misallocation, i.e. the unproductive. Unfortunately debt skews these metrics of profitability, so that the unproductive are more profitable than the productive, i.e. the meaning of productive is also skewed as we end up with overcapacity in less advanced sectors of the economy, e.g. conspicuous consumption, manufacturing, real estate, and health care. Although it sounds nice to say that everyone should be cared for by Big Brother, the reality is the IRON LAW and power vacuum which was explained to you by high geniuses upthread.
There are two kinds of people, socialists who love government and the not stupid. I can immediately classify people by this taxonomy and not waste time. Unfortunately, most people fall into the former category. This means we are headed into a very dangerous time, where most people are useless (sorry we can replace you with a robot which is more productive, you modeled your education and skills for a debt bubble economy which is not real) and at odds with the few productive smart people. I love people, but just as I can lead a horse to water, I can't make it drink, I also can't convert a socialist to a smart person. They have to undergo their learning by experience as depicted below.
For the people depicted below, this world ended. Yeah I know "it is different now", and every generation thought it was.
Maybe if that phantom "universal" healthcare required large amounts of neodymium to be imported from China, or it destroyed the local habitat, or something similar, giving the debt a tangible inventory-based aspect to it, you would have a point. But since public services like health, pensions, education and all that other stuff can mostly be likened to a "just in time" model with minimal inventory, your claim holds no water.
That debt you keep whining about is just an accounting system that makes it all work. Governments don't keep gold bars or uranium rods in cold storage as "hard money" to pay pensions when people retire. The sensible trend is to reduce carrying costs wherever possible.
You've conflated so many things, I do not think is my duty to unravel the spaghetti that is your mind.
First of all, I am entirely against hard money (search for my math and comments in the Peter Schiff thread in the Economics forum) although it is fine as a private asset, but that is irrelevant to the point of this thread.
Money what ever form it takes represents a claim on human labor, because ultimately human effort and knowledge is what puts raw resources into effectual benefit.
Massive debt means humans have been allowed to waste their lives doing activities and aggregating knowledge which is not profitable. In short, a massive misallocation of human capital.
The way this is resolved is as the photos above depict.
Society can't forever take from those who are truly productive and redistribute to those who do activities which are unprofitable. Eventually starvation results, as depicted in the photo of the Chinese famine which lead to the fanatical execution of 57 million Chinese.
During a debt bubble, the truly productive activities are not in many cases more enticing than simply running up debt and speculation (e.g. flipping houses in the real estate bubble or speculating on the Bitcoin ponzi bubble).
For those who believe large government and debt-based society is going to take care of them and who don't upgrade their high tech skills, yes they will feel like they are in a feudal-like class system.
For those of us who will be active participants in the coming high tech revolution (as predicted by Oxford that 45% of all existing jobs will be replaced by computer automation within 20 years), this is going to be a very productive time.
So you love government and you ignore the IRON LAW which was presented to you upthread by several high geniuses. So go ahead to your deserved outcome.
It all fits together, but it is not surprising to me that you can't fathom it.
In case you haven't heard, 'Europe' has lots of different countries:
-Relaxed Greece which naively allowed their corrupt politicians to squander Euro funds
-Utopian Belarus. Think: North Korea but cold and slightly radioactive
among others.
a) What part of Europe are you regurgitating propaganda about?
b) When was the last time you went to (a) to find out what it's really like?
Don't go hiding under a rock by 2018 or so. I will expect you to answer to this comment.
I am not for making people suffer, because I understand that government only serves one purpose which is to redistribute from the profitably productive to the misallocation, i.e. the unproductive. Unfortunately debt skews these metrics of profitability, so that the unproductive are more profitable than the productive, i.e. the meaning of productive is also skewed as we end up with overcapacity in less advanced sectors of the economy, e.g. conspicuous consumption, manufacturing, real estate, and health care. Although it sounds nice to say that everyone should be cared for by Big Brother, the reality is the IRON LAW and power vacuum which was explained to you by high geniuses upthread.
There are two kinds of people, socialists who love government and the not stupid. I can immediately classify people by this taxonomy and not waste time. Unfortunately, most people fall into the former category. This means we are headed into a very dangerous time, where most people are useless (sorry we can replace you with a robot which is more productive, you modeled your education and skills for a debt bubble economy which is not real) and at odds with the few productive smart people. I love people, but just as I can lead a horse to water, I can't make it drink, I also can't convert a socialist to a smart person. They have to undergo their learning by experience as depicted below.
But the world has never ended, not even once. Therefore your doomsday preaching makes you a fool.
For the people depicted below, this world ended. Yeah I know "it is different now", and every generation thought it was.
Europe now has universal health care ...[snip]...
...Eventually the cancer eats itself, because we run out of other people's money. Now the Americans are falling into the same cancer that razed Europe in the early 19th century, with a repeat underway.
...Eventually the cancer eats itself, because we run out of other people's money. Now the Americans are falling into the same cancer that razed Europe in the early 19th century, with a repeat underway.
Maybe if that phantom "universal" healthcare required large amounts of neodymium to be imported from China, or it destroyed the local habitat, or something similar, giving the debt a tangible inventory-based aspect to it, you would have a point. But since public services like health, pensions, education and all that other stuff can mostly be likened to a "just in time" model with minimal inventory, your claim holds no water.
That debt you keep whining about is just an accounting system that makes it all work. Governments don't keep gold bars or uranium rods in cold storage as "hard money" to pay pensions when people retire. The sensible trend is to reduce carrying costs wherever possible.
You've conflated so many things, I do not think is my duty to unravel the spaghetti that is your mind.
First of all, I am entirely against hard money (search for my math and comments in the Peter Schiff thread in the Economics forum) although it is fine as a private asset, but that is irrelevant to the point of this thread.
Money what ever form it takes represents a claim on human labor, because ultimately human effort and knowledge is what puts raw resources into effectual benefit.
Massive debt means humans have been allowed to waste their lives doing activities and aggregating knowledge which is not profitable. In short, a massive misallocation of human capital.
The way this is resolved is as the photos above depict.
Society can't forever take from those who are truly productive and redistribute to those who do activities which are unprofitable. Eventually starvation results, as depicted in the photo of the Chinese famine which lead to the fanatical execution of 57 million Chinese.
During a debt bubble, the truly productive activities are not in many cases more enticing than simply running up debt and speculation (e.g. flipping houses in the real estate bubble or speculating on the Bitcoin ponzi bubble).
I have come to realize that it is necessary to put most of the foreign men into poverty, rather than argue with them.
Oooh, a feudal-like class system as collective punishment for my "angry Yank" comment?For those who believe large government and debt-based society is going to take care of them and who don't upgrade their high tech skills, yes they will feel like they are in a feudal-like class system.
For those of us who will be active participants in the coming high tech revolution (as predicted by Oxford that 45% of all existing jobs will be replaced by computer automation within 20 years), this is going to be a very productive time.
your oversimplified "government = socialism = evil" claptrap.
So you love government and you ignore the IRON LAW which was presented to you upthread by several high geniuses. So go ahead to your deserved outcome.
Now who's being delusional?
whatever happened to that pseudo-intellectual discussion about spreading knowledge and defeating the power law of wealth distribution?
It all fits together, but it is not surprising to me that you can't fathom it.
Europe now has universal health care, lifetime employment guarantees, 37 hour work weeks with 1 month paid vacations, etc.
Hogwash.In case you haven't heard, 'Europe' has lots of different countries:
-Relaxed Greece which naively allowed their corrupt politicians to squander Euro funds
-Utopian Belarus. Think: North Korea but cold and slightly radioactive
among others.
a) What part of Europe are you regurgitating propaganda about?
b) When was the last time you went to (a) to find out what it's really like?
Don't go hiding under a rock by 2018 or so. I will expect you to answer to this comment.