Archive for the ‘Education’ Category

Saving The Animals, Thus Ourselves

June 1, 2021

Animals die in great numbers trying to cross human transportation systems. When one provides the animals with crossings, they rush to use them (so are used even before they are finished, by a Noah’s ark of species). Respecting nature is not just about the beauty and naturalness it provides us with, it is about respecting how we became who we are, at our best. We have to learn to share the planet with animals. Not just because we are smart, but also because they are smart and our smarts evolved from interacting with their smarts. So interacting with wild animals is smart all around… and it has made our species smarter! Wildlife interaction is how we evolved our smarts. Not book smarts, but the deepest smarts.

Hence by respecting animals, we respect how we became human… and it keeps on being human to do so.
Economy means managing the house, in particular, managing earth, which is our common house. As the greenhouse heating proceeds at an accelerating pace, we then have to reserve an increasing part of our economic activity to save the animals by helping them to cope with the changes we have brought.
Morality comes from the mores, the old ways, the ways which perdured, and thus, insure survival. Having a natural environment, full of animals, is the ultimate morality. If we can’t save them, how can we learn to save ourselves? So it is not just smart and economic to save the animals, but also moral. The money engaged so far is quite small. But the price of an unbalanced environment tottering towards ruin, is incomparably higher. For a nice article with nice videos of animals using their smarts crossing freeways and roads, consider:


As a badger digs, say for ground squirrels whose borrows have many exits, could not it be that the coyote would seize a fleeing squirrel, and share the meal? This is basic economics and strategy, and it turns out that coyotes and badgers have figured out that behavior, and cooperate together. The next question would be this: do the individuals concerned figure it out by themselves, as cephalopods do, or is the behavior culturally instigated, namely both badgers and coyotes learn elements of interspecific cooperation from teaching by their elders? I believe the latter.

After all, I trained the (wild) nesting birds on my balcony to benignantly ignore my weird and intrusive ways… which thus had to learn to be a bit more respectful than they usually are. But of course these ways tend to incite the red tail hawks to not land on this particular balcony on a determined culinary mission (as they have been seen doing…) And the birds know this [1].

Saving the animals is first of all about saving us… Not just our sense of beauty.

Patrice Ayme

[1] Hummingbirds set their nests below hawks’ nests, as this protects them from gays. Local hawks do attack nests of birds who are big enough (like gays, crows, etc).And I have seen them pass 10 feet from me, eyeing me suspiciously… Their feathers can be two feet long…

https://www.audubon.org/news/why-hawk-hummingbirds-best-friend

On Traditional Stupidities In Obama Speeches

May 17, 2020

To think well one has to be intelligent and honest. On May 16, 2020, Obama gave two commencement speeches which illustrate traditional shortcomings in that respect.

There is a lot that is good and correct in what Obama said. Do what you think is right. Don’t do like little kids, just feel good. Ground yourself in higher values. For example “do what you think is right. Doing what feels good, what’s convenient, what’s easy — that’s how little kids think. Unfortunately, a lot of so-called grown-ups, including some with fancy titles and important jobs, still think that way — which is why things are so screwed up.

I hope that instead, you decide to ground yourself in values that last, like honesty, hard work, responsibility, fairness, generosity, respect for others.” Too bad Obama forgot to mention that’s all based in figuring out how one figures out what is true. Without cult of truth, there can’t be cult of virtue.

Obama recognizes the folks in charge don’t know what they are doing. Right, that was why his presidency ended up achieving pretty much the opposite of progress; augmentation of inequalities (relative to predecessor Bush), failed health care system (more expensive than ever), failing lifespan (as it never failed before)…. 

Obama called his “Obamacare” his “signature achievement”. It was: the victory of greed over lifespan. Notice US lifespan collapsing under Obama The Great, while US healthcare vultures, like Warren Buffet, Bill Gates, much admired by “Democrats”, made more money than ever. In truth, “Obamacare” was invented by Romney, a Mormon once “Republican” governor of Massachusetts, who became a major plutocrat through vulture capitalism (a technical term). Romney is a Senator, was candidate to the presidency, was beaten by Obama, and hates Trump, because, among other things Trump became “Republican” president… after being a (relatively) leftist “Democrat” most of his life… Without kissing as much ass… Basically Trump did everything a bit better than Romney, and that drives Romney crazy. Meanwhile, that “Obamacare” was actually “Romneycare” to start with, something invented by a vulture, leave the average “Democrat” cold: why should they know anything about vultures? Smarts ain’t their art, they are little kids.

The solution? Find out what to do. How? Debate! As We The People. And vote! As We The People! Not through a few hundreds unavoidably corrupt individuals with, individually, too much power. So push for more direct democracy (referenda).

Obama rightly calls in avoiding (stupid) things which divided us like sexism, ageism… But then he calls himself an old man, implying of no consequence, nor wisdom… So why does he speak if he has nothing valuable to say, according to himself?

In the “tough times before”, Obama forgot to mention the world wars. And other wars. The US lost more than 400,000 citizens killed in combat in world war two… that’s 150 times 9/11 (which Obama mentions)… And thus was able to forget mentioning other wars he supported, and is still supporting (like the Iraq) invasion, by forgetting to mention them…. and, a fortiori, criticizing them (including the Biden engineered invasion of Iraq). The Biden led invasion of Iraq killed millions, “9/11” less than 3,000…  

Finally to say that the high school graduates have already started to lead, as Obama claimed, is pandering to them, and disinformation. It’s old plutocrats, old billionaire politicians and media owners who lead… and there are plenty of those.

As an elected representative, once ordering the deaths of people he knew were innocent (think about it), potentially capable of killing billions, Obama’s business model is to serve The Man… such as Bill Gates, Bezos, the many heirs of the Walmart Family, and countless extremely wealthy heirs all around the US and the world, many with their money and power in anonymous companies, and foundation: Xi and the Pritzker family being examples… to see Obama kiss a plutocrat, consider him with Penny Pritzker who he had put in charge of US commerce. Her brother, worth only five inherited billions of dollars, is presently “Democratic” governor of Illinois.

https://patriceayme.wordpress.com/2016/04/17/leader-corruption-corrupts-society/

So whatever he says, Obama’s essence is to serve The Man. To serve, one can simply mislead, dissemble, disinform… and confuse, like a squid making a screen of ink.

A simple life form. No magnificence of mind.

Patrice Ayme

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P/S: Obama claimed that the Trump administration doesn’t know what it’s doing about the Coronavirus. But that virus is really new, nobody knows really what to do, and the giant US is no dictatorship. Overall, Trump may have done better had he did, if he had not been distracted by the Impeachment hoax, so the “Democratic” Party should adopt a low profile, with its billionaire Senator (California’s Feinstein) selling for many millions of dollars of stock from secret information just before the markets tanked.

Large countries which are not dictatorships do less well in this pandemic… at least officially: this can readily be observed. Apparently social distancing and masks are the best way to jugulate it. There are now demonstrated cases of REINFECTION… within weeks of formal cure. This has never been seen before.

Open Society & Open Minds Start With An Open Economy

March 27, 2018

A friend of mine made a panegyric to Apple, Inc. Many of his followers applauded. Some expect Apple to become the first trillion-dollar corporation (in market value), and are thrilled by the notion. Others say that Amazon will get there first…

Kudos to the giant tech monopolies! say those whose (materially winning) morality is just the win. Most people can’t be winners, so they settle for applauding, and “supporting” winners (even when the winners win to their own detriment!) Do I have to be the first to decry this form of emotional fascism? Supporting winners because they win, is defeating to the self, and others! That hysterical behavior should be handled with extreme caution!

Moreover, and indeed, winners can profit from self-feeding exponential effects, the phenomenon at the root of plutocracy: the more power one has, the easier it is, to get even more. However, too much power in too few hands is intrinsically inhuman. Indeed, prehistoric humans didn’t live, and thus didn’t evolve, that way. And too much inhumanity is intrinsically evil.

I believe that open products, such as the open source model is superior than being dependent upon a particular corporation. The open-source model is a decentralized software-development model that encourages open collaboration. A main principle of open-source software development is peer production, with products such as source code, blueprints, and documentation freely available to the public.

https://en.wikipedia.org/wiki/Open-source_model

Open societies are better than too much power in too few hands, as Pericles and philosophers around him pointed out, 25 centuries ago.

Be it only because too much power in too few hands kills innovation, democracy, justice, equality, hope, civilization, the climate and coast lines.

These are the stock values, BUT they are roughly proportional to the revenues of the companies in question, and the explosion of the latter has everything to do with the monopolistic positions they were allowed to acquire by the US government (it may have to do with their spying potential, direct inquiries to the NSA). GAFA (Google Apple Facebook Amazon) has three times the revenue of IBM + Microsoft + Intel (or so). Google and Facebook monopolize 75% of US media income from advertising!

The monopolistic tech economy which has developed in recent years is a disaster for innovation, democracy, morality or even cognition. I still own an old Mac, and when Steve Jobs had his own computer company (after being fired from Apple, and before being re-hired!) I bought one of his (very expensive) state of the art computers. Still have it. Also owned ipads… So I am not anti-Jobs or anti-Apple, by any means.

But I practice the open economy, open tech, with a  way better laptop than any Apple sells presently, etc. Please excuse my negativity, but I have seen a Fed judge pass an outrageously biased, pro-monopolistic tech judgment at 11 am, resign at noon, and accept a 5 million dollars payment from Facebook at 2 pm… (I can hear the powers that be, applauding in the distance…)

While an ex-president goes from super yacht to private island, to super yacht, a plutocrat reigns in the White House, while the National Rifle Association gives millions to key US politicians. Each. Meanwhile the European Union has proclaimed there are no tax havens in Europe (thus, by that token of measure, none anywhere in the world). And Vlad Putin insists to show his might, from forbidden military neurological chemical weapons, to nuclear powered nuclear armed cruise missiles, perpetually flying around the world, or, at least, South America.

But there is worse: an entire generation is molded by Zuck’s conception of relationship, a gooey notion of search, and willingly offering all of one’s privacy, so the wealthiest can get wealthier and more powerful, while they pay back the “innocents“, in the Medieval sense of the term, with a sense of tribal rage to soothe their simple minds

Open society brings open, thus stronger minds, as Aspasia told her husband Pericles, 25 centuries ago (and Pericles needed to be told, because, as he himself recognized later, he was not as smart as the circumstances required, by a very long shot; his banning of immigration, and his little plans about how to fight the Peloponnesian War backfired dramatically, with extreme prejudice to civilization: his sons were considered non-citizens, thanks to their dad, and his war plans brought the “plague”, devastating Athens!)

As the fate of Athens, and thereafter, of Greek democracy and even civilization, clearly demonstrated, stronger minds are not just a luxury, they are key to the survival of the noblest aspects of the human spirit (the Roman Republic made a similar demonstration, itself partially a consequence of the preceding one). We think, thus we survive…

Patrice Aymé

Rihanna, Education, Administration, Empire

July 26, 2017

Rihanna is another miracle on legs similarly to the hyper blonde Colombian Shakira, or Beyonce a very pretty package who incorporated tricks invented in places such as 1950s strip bars, all over. I must recognize she seems to have more brains and more advanced, more intelligent and controversial passions.   

63 million of children are known to not go to school in developing countries But the delightful future billionaire exhibitionist Rihanna, expert in sideways glances, eyelids down, wants to help.

Rihanna‏Verified account @rihanna  Jun 23   bonjour @EmmanuelMacron, will France commit to #FundEducation?

Glad to see Rihanna cares about getting educated, this site is all about education. Rihanna has pretty violent videos out there, which meet, of course, my approbation, as thoroughly educative programs. I approve of showing violence, because violence there is, and it festers more if it can stay stealthy. Making it obvious deprives it of stealth, hence surprise, half of a successful aggression.

https://www.vevo.com/watch/rihanna/bitch-better-have-my-money-(explicit)/QM5FT1590005

Rihanna has sold more than 250 million records, and was named the 2017 Harvard University Humanitarian of the Year (so, apparently Harvard doesn’t mind so much the violence anymore…). Intriguingly, Rihanna’s latest boyfriend, Hasan Jameel, is a wealthy plutocrat (two billion dollars plus), a Saudi heir. No doubt she can improve his education, open new perspectives on the worth of woman.

So the pulpy Caribbean native may get money for education, but the problem of poorly-developing countries do not arise because not enough money has been thrown at education. One problem is that throwing money at developing countries just enrich plutocrats, local or global. If a country is headed by plutocrats, feeding them is like feeding crocodiles in a crocodile farm. 

Rihanna, here in Paris, July 25th 2017, to feed Macron fleshy perspectives top pop to pop top.

Poorly developing countries have fundamentally the same two problems:1. bad administration arising from dictatorship and, or wrong ideology. 2. Not being part of an empire. It goes without saying that self-described good people will view such views with a jaundiced eye, because their own “good” logic tells them developing countries are good and empires are bad.

Take Islam, where women are legislatively, half of men, cloistered and forbidden the freedom human ethology gives them. They end up somewhat stupid and acculturated. As women are frontlines for educating children, the next generation of Islamist children will be more  stupid and uneducated than they would be otherwise.Hence a vicious circle.  

When Lebanon and Syria were administered by France, they were doing well. They didn’t do good before that, under the Caliphate, or after that, under the dictatorships.

National education without appropriate administration to make it sustainable is a non sequitur. One can’t have an appropriate administration without proper command and control. In other words, an appropriate empire.

When thinking of empire, people tend to think of malevolent empires on military rampages; the invasive Caliphates, the Mongols, Napoleon, etc. But the greatest civilizations were, and are, empires. China formed giant empires and owe its persistence to empires (as its brush with annihilation when Genghis Khan conquered it shows). The Greco-Roman world defined an empire which in turn defines today’s civilization, when properly extended to its roots (Egypt, Phoenicia, Crete) and its successors (the Franks who created the “Occident” in which we all bathe now).

Right now, whether we like it or not, we are in a world empire. It’s called the United Nations, and it’s not a democracy. And that’s very good as some nations proved culturally unable to distinguish between civilization and genocide (of Japan, Germany, Italy and their allies we think).

The UN is composed essentially of two components: the West, and China. (Russia and the USA are two colonies of the West; Russia, from the Vikings, plus back influence from the Greeks mostly; the USA is the double descendant of France, as England herself was a Franco-Frankish creation.)

The UN empire has not been extended in all corners. Actually “decolonization” was more of a de-administrationalization substituting often a republican form to more dictatorial variants. For example, under the french, Algeria was arguably under the (defective and unjust) administration of various (French) parties, some on the right, some on the left. Since “independence”, Algeria has been under the administration of just one party. Actually, the present president of Algeria, Bouteflika, was one of the principals of the Algerian “revolution”, so he has been in power personally for nearly 70 years…  Yes, he is in a wheelchair, and gets repaired periodically in France.

Now the empire needs to be re-extended in all corners. It is in these distant corners not under direct imperial control that war and lack of education, rule. An example is the confines of Congo where an unsavory interaction between Rwanda military, and plutocratic corporations anxious for minerals, brought five million dead, let alone poor education.

Other muscular interventions are needed. Interpretations of Islam which subjugate women more than men need to be discouraged much more (although with Saudi Arabia in charge of enforcing this at the UN, the situation has become surrealistic…)

It’s a violent world. The violence is supported by, and supports, a violent lack of advanced, all-encompassing education. Unfortunately impositions of mass violence are nearly never solved pacifically, contrarily to legend(those who are already rolling out Gandhi and Martin Luther King, as they read this, are rolling out people who didn’t make the main effort: the Brits were pulling out of India, anyway, Gandhi arguably made things worse; MLK came long after military force was used massively to end racism in the USA, by president Lincoln, and Eisenhower…)

Lack of education is an imposition of mass violence (teaching is not very costly, so the obstacle to education is not cost, but will, will to impose brutishness). Thus it has to be solved with massive power, the power of proper administration, on the heels of imperial intervention (imperial intervention does not necessarily start with special forces, it can start with judges and accountants).

I don’t doubt Rihanna’s sincerity, which is more than eleven years old. I don’t doubt that micro and local humanitarian help is important. However, it’s little relative to the big picture. When France decolonized itself out of Africa, there was a hospital every one hundred kilometer. France left, the hospitals are mostly gone. In a related phenomenon, the growth of literal Islamist schools directed to very small children, at the detriment of real, secular education, has been all over. Consequence? Islamist invasion and military counter-offensives from the French Republic. Some will whine: leave them alone. But then they contradict themselves. Children don’t chose to die and be uneducated: it’s imposed on them by local potentates, symbiotic with global plutocracy (to which they extent access to resources). Once again, the framework already exists: the UN, with its mighty Security Council. 

Want a correct, massive world educational system? Impose a correct, appropriate world empire!

Let Rihanna sing about that!
Patrice Ayme’

ADDED VALUE IN THE XXI CENTURY

March 9, 2015

PRODUCING SUPERIOR THINKING TO IMPROVE NOT JUST WORLD SOCIO-ECONOMY, BUT SURVIVAL:

Capital Exponentiate, Decapitate Wealth To Feed Minds:

Piketty’s “Capital In the XXI Century” argues that the return on capital is greater that that on labor: r>g. All economists from the pseudo-left fell on their knees, astounded by the depth of that observation. They obviously never studied history, let alone archeology.

In truth, Piketty’s big deal inequality, that r>g has been known for 12,000 years, as I have emphasized in countless essays, for years. I have even explained the mathematical-psychological reasons why r>g. Piketty has smirked that he discovered r>g when he wrote the book. (A case of arrogant ignorance buttressed by colossal stupidity: that r>g ought to have been the first law of economics. That it took centuries for economists to discover this cannot possibly be a matter of stupidity, but of the will, on the part of economists of not understanding how the masters who fed them got their power from.)

So Piketty claims he just discovered that r>g: maybe economists are not idiots, but they play some on TV? (Some are bound to think that Piketty should be my ally, and thus I should be nicer to him; however, correct philosophy tends to be done by being only friendly to truth.)

Homo Thrived In This Cold Climate For 2 Million Years (Georgia, Tusheti NP.) Thanks To Science & Technology

Homo Thrived In This Cold Climate For 2 Million Years (Georgia, Tusheti NP.) Thanks To Science & Technology

It was so well known, that the return on capital was higher than that on income, r>g, that all reasonably sustained societies had colossal, decapitating taxes on wealth.

By law, hook, or crook. And when this was not the case, when wealth became hereditary in an exponential way, disasters happened. Generally invasion and destruction.

This happened to all the plutocratically corrupt Chinese empires when Genghis Khan’s Mongols came down.

The peaceful variant is revolutions such as 1789 (for twenty years the king had been meekly trying to make the aristocracy pay enough taxes).

When a great Native American, or great Viking chief died, much of their possessions (it could thousands of horses) would be redistributed.

Time to re-learn the wisdom of the ancients.

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SUPERIORITY OF THE WEST?

Why did the West become so superior? Or China, for that matter?

Technology. Superior technology. Coming from superior thinking. Both the Greeks and the Chinese had colossal contempt for barbarians. (In both cases it went so far that the Greeks lost everything, and the Chinese came very close to annihilation).

Around the year 1000 CE, the Vietnamese (it seems) invented new cultivars of rice, which could produce an entire crop, twice a year. The population of East Asia exploded accordingly.

A bit earlier, the Franks had invented new cultivars of beans. The Frankish Tenth Century was full of beans. Beans are nutritious, with high protein.

Homo is scientific and technological. Thus, two million years ago, pelt covered (tech!) Homo Ergaster lived in Georgia’s Little Caucasus, a pretty cold place in winter. And the population was highly varied genetically (showing tech and travel already dominated).

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A GREATER OBSESSION WITH FREEDOM MADE THE WEST SUPERIOR:

Here is the very latest. Flour was found in England, in archeological layers as old as 10,000 years before present. It was pure flour: there were no husks associated. The milling had been done, far away. How far? Well the cultivation of wheat spread to Western Europe millennia later. The flour had been traded, and brought over thousands of miles. Most certainly by boat. Celtic civilization, which would rise 5,000 years later, was expert at oceanic travel.

What’s the broad picture? Not just that prehistoric Englishmen loved their flat bread, no doubt a delicacy. Advanced technology has permeated Europe for much longer than is still understood now by most historians. Remember that the iceman who died in a glacier, 5,000 years ago, was not just tattooed, and had fetched in the lowlands a bow made of special wood. More telling: he carried antibiotics.

China and the West diverged, because the philosophies of the Franks and the East were different. The Franks had outlawed slavery four centuries before the great divergence started. This helped freedom, especially the freedom to think of new technology and science.  (Frank = Free.)

The more enslaved a population, the less inventive. It is not just a cultural-psychological phenomenon. It may be epigenetic. The Franks were more ethologically correct, and that enabled to unleash full human epigenetic.

(Being endowed with full human capability, is perhaps why G.W. Bush was incredibly brazen when he became president, going to invade Iraq, whereas Obama was subdued, and just worked, under Summers’ orders, to save the established plutocratic order, like a little boy, obsequious servant of the great white masters; OK, Obama did not descend from slaves, yet he was exposed to the black slave culture, throughout, and somewhat clueless about it.)

The Germans had been obsessed with freedom since ever, and, since in particular, their first contacts with the Romans. All that Germanic freedom led to population explosions, and invasions of Greco-Roman lands, which, for centuries, were systematically cut down by hyper-disciplined Roman armies.

All this was brought into one mold by Consul Clovis, who, as Roman Imperator, and himself son of Roman Imperator Childeric (also elected king of the Salian Franks), made the soldiers of his army understand that they would have to be extremely disciplined too, under the penalty of death (Roman style, a revolting notion for free Germans).

Militarily, the Franks by combining freedom and discipline, were an undefeatable force ever since (the Mongols knew this all too well, thus did not send their scouts west of Croatia; then allied themselves to the Franks to capture Baghdad and Damas).

Free peasants had no slaves, but they needed help: domesticated beasts and mechanical advantage were thus evolved by Frankish society. When Europeans made it to China, they were astounded that people did everything, without using machines or beasts.

So not too many children, but then communal living: Middle Ages villages in Europe were commune-ist regimes. Exploitation of property was divided according to how many could work.

The end result was strong philosophical pressure for ever more advanced technology. Although China was ahead in some tech, as soon as Europe heard of it, it captured it greedily. That philosophy permeated all of Western European society. Peter the Great, emperor of Russia knew this so well, he went to study incognito as a worker in Dutch naval shipyards.

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AMERICAN ECONOMIC DISCOURSE: A TROJAN HORSE

Does the drive to advanced tech dominate now?

Not as much as it used to.

Why? American plutocracy. And the “Nobel Prizes” of a whole army of obsequious plutophile servants thereof.

Because the spirit of all-conquering technology has been displaced by Capital in the XXI Century. And more specifically its USA monopolistic operators (such as the insufferable Bill Gates, and cohorts of financial operators). Technology is, and will stay, of course, the main and ultimate capital of humanity. That’s how Homo colonized the Caucasus, two million years ago.

Piketty, in his book, brushes technology off. Absurdly, he believes that tech can provide only a 1% return. That’s thoroughly stupid: inventing full Quantum Computers, for example,  would have tremendous consequences, as any device could be made hyper intelligent.

Yet, this sort of attitude makes Piketty an object of admiration in USA Academia.

Why? Because USA Academia is plutocratic through and through. Piketty’s ideas do not threaten plutocracy. Quite the opposite: they will allow it to survive. Diminished, true, but alive. My ideas would destroy plutocracy. Let alone the fact that it would take a long time to implement Piketty’s scheme. My schemes, being multi-dimensional, could be implemented faster, and start to bite right away.

(I do agree with several of Piketty’s propositions, such as a world cadastrum, and progressive taxation on capital: I have advocated them for more than a decade!)

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PLUS OULTRE:

However, a European solar plane just took off from Dubai. It will go around the world on solar power alone. The main force behind this project, the inventor and pilot, the engineer Picard (scion of ancestors just like him) asserts that the global adoption of such technologies would lower energy waste by half.

Europeans, following the Europeans who had migrated to North America, were the richest, most powerful, better nourished people in the world, for five centuries, because their economies produced more ADDED VALUE than any other economies (in particular, better guns).

To re-establish relative riches, Europeans need to focus on what produced that superiority in added value production. That means technological superiority, and this is fed by a more educated population. More educated scientifically, and thus philosophically.

Philosophy, done in a humanly ethologically correct way, is the metaphysics of science. It all fits together. Anything else is an amputation of the possible. Of the humanly possible.

China understands this very well. At least the science part. (Not too sure about the philosophical part; without it, China may well follow the path of fascist Germany. It’s going that way, with a military budget bigger than France, Britain and Japan combined: $145 billion.)

How to do this?

How to add so much value from mind that superiority is re-established?

Well establish the correct philosophy, put it in power, teach it, finance free maximum quality education, free at all ages.

Pay by taxes on wealth, and large incomes, fortunes, in such a way that there would be a practical cap on wealth, as the Roman Republic used to have, when it really worked.

Decapitating wealth is important for the youth: it will show youth that material wealth to excess is such a bad thing, it had to be made unlawful. It will replace mind at the apex of what youth ought to aspire to, and be programmed by.

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KEEPING A CIVILIZATION GRADIENT WILL SAVE BILLIONS:

Billions of lives, that is.

The usual partisans of insignificance, nihilism and masochism will no doubt whine that Euro-American economic ascendency is a bad thing. They prefer to be haughty slaves than responsible masters.

European scientific superiority led to a reasonably stabled world order. (Except for some populations of the Americas who got exterminated, thus clearing the lands for Europeans.)

In a world where everybody has the same weapons, and ecology is collapsing (still not raining in California, fourth year in a row, in the greatest drought in several millennia), it is to be feared that disorder will express itself as it has in the past: the sort of massacres that make entire populations disappear. That is what Netanyahu is thinking of…

So defining properly Capital in The XXI Century is not just economically and socially important. It is morally important, in the apocalyptic sense of “moral”.

Superior mind is the ultimate capital. Obviously hardly a notion that comes naturally to economists. As what is called “economics” is mostly a fake science, and famous economists are mostly people who have learned to lie about that fact.

When Piketty claims he just discovered r>g, 10,000 years after most of our ancestors, he demonstrates that. More generally, the same critique can be directed at entire fields such as most of theoretical physics and even mathematics, as funding from plutocrats has become ubiquitous. By buying the hierarchy, the plutocrats bought the thinking. That’s what they wanted. Thinking to be directed incorrectly.

We have see this before: this is how Aristotle, or more exactly his sponsors, nearly destroyed civilization. The difference? The stakes are much higher now.

Can I be more specific in my critique, give a hint of what is wrong with Academia? Most thinkers in Academia are too specialized. Right, much science requires hyper-specialization. Say when one is studying Pluto’s atmosphere (the Solar planet not the god of planet finance). One needs hyper-specialized science. However, there is also the science, and the thinking, about big questions. In those fields, hyper-specialization, unguided by the broad picture, can lead to error: look at much of theoretical physics, much of philosophy, much of economics.

It is precisely because Thomas Piketty is obviously pretty ignorant of history, that he believes he just discovered r>g. After 10,000 human societies made the  notion central to their cultures. It is also why economists do not even know that, during most of humanity’s history, money creation was not farmed out to private individuals (the bankers). So they cannot even feel that there is anything wrong with the present money creation system.

Ignorance allows the devil to hide in the details.

Patrice Ayme’

Summers Summits Summits of Hypocrisy

March 8, 2015

Some people all they want is power, and will do whatever it takes to get it. Larry Summers is the ultimate example of this. Summers version 2015 just found that the mood is changing, and condemns 100% Summers, version 1990s, when he was Secretary of the Treasury under that class act, Bill Clinton (from dirt poor to dirty rich).

Two immediate family members of Summers were Nobel Prizes in economy.

Summers was part of a clique of young PhDs in economics who studied how to get rich and influential at MIT and Harvard around 1979. Paul Krugman, one of them, lauds them all the time. I sent a scathing comment on the whole mood of economics as the golden calf. It did not get published.

FDR’s Powerful Family Crest: Who Plants, Preserves

FDR’s Powerful Family Crest: Who Plants, Preserves

FDR planted a mighty tree, the separation of money creation from financial conspiracy. Larry Summers uprooted it.

Here is my suggestion for Larry Summers’ Family Crest: Who Uproots, Destroys. Summers uprooted the financing of the real economy, and thus destroyed it. As corruption went up, innovation (true innovation, science based) went down.

Corruption is a barrier to innovation, warns Alina Mungiu-Pippidi, in Nature. Greater scrutiny of public spending is needed if science and technology are to fulfil their potential, she intones. However, there is more pernicious than that: when private spending and practice is deregulated by government.

After, deregulation of private practice is how, around 1620, slavery was made lawful in the future USA.

Another of the Harvard-MIT economist conspirators was Mario Draghi.

All these plotters literally knew each other, saw each other, talked to each other, learned form each other… How to please their masters. Mario Draghi got his PhD from MIT, in 1979. Later Draghi became vice chairman at the financial conspiracy outfit Goldman Sachs, and “trustee” at various USA plutocratic institutions of high repute (Brookings, Princeton, etc.).

Draghi is now in charge of giving money to giant private European banks. So they can become richer: then the money will trickle down to European pigeons, and they can thrive, eating the crumbs.

American plutocrats know and trust Draghi. Europeans don’t know anything about him, except they believe he is European (I know better: plutocrats belong to Hades, not the real world).

Larry Summers was put in charge of removing all regulations that this traitor to the plutocratic principle, or, more exactly, trickle down, Franklin Roosevelt, had instituted in 1933.

What had FDR done?

Basically banks create money. So they are agents of the government. Thus they ought not to intervene all over the economy, and, in particular, finance, without important limits to their powers.

Summers removed these limits.

The effect on High Finance was absolute power, thus absolute corruption.

The green light given to bankers to corrupt all of society had an effect on other mighty economic actors.

Those worthies felt a green light had also been given to them, implicitly: if the bankers could use their money creation capacity mandated by the government, to enrich themselves and their friends to infinity, why not the same for all?

Why could not fossil fuel plutocrats corrupt scientists and the media, and claim it was totally OK to augment CO2 in the atmosphere by

The democrats were in power in Congress starting in 2006: they did not stop Bush. The democrats were in absolute power just after Obama got elected: they pursued the program of rescue of the plutocracy, complete with tax cuts for the hyper rich.

Obama, to get elected, needed to mobilize those who do not usually vote, because they do not believe that whatever they do will change anything.

Nowadays so-called “democrats” in the USA are in a bind: to get their champion elected, they need the champion to mobilize those Obama mobilized, and who got very little in exchange.

Moreover, the plutocracy got entrenched in the meantime. To change this would require a revolution. Re-evolving.

Re-evolution is something the People may support, if it believed in it. To avoid it, it’s called “Populism” (sounds like Nazism, Socialism, Communism, Liberalism, Nationalism, Islamism, all pejorative notions).

Fast forward to the New York Times. A long ode to Summers called “Establishment Populism Rising.” by Thomas B. Edsall. Here is how it starts:

Larry Summers, who withdrew his candidacy for the chairmanship of the Federal Reserve under pressure from the liberal wing of the Democratic Party in 2013, has emerged as the party’s dominant economic policy strategist. The former Treasury secretary’s evolving message has won over many of his former critics.

Summers’s ascendance is a reflection of the abandonment by much of the party establishment of neo-liberal thinking, premised on the belief that unregulated markets and global trade would produce growth beneficial to worker and C.E.O. alike.

Summers’s analysis of current economic conditions suggests that free market capitalism, as now structured, is producing major distortions. These distortions, in his view, have resulted in gains of $1 trillion annually to those at the top of the pyramid, and losses of $1 trillion every year to those in the bottom 80 percent.”

One has to pinch oneself. Summers has of course zero credibility. Trusting him on economics and social questions would be trusting an enemy. Summers put the entire planet on the wrong trajectory. He is part of a coterie mainly centralized on Harvard, which insisted on raping, pillaging, and letting Russia being devoured by plutocrats created ex-nihilo, because, for Harvard types, plutocracy is an absolute good, just as for Saint Louis Catholicism was an absolute good worth killing the world for.

The destruction of the Russian economy (more exactly a lowering of Price Purchase parity, within Russia, of at least 40%) was just one facet of their maelstrom of destruction these USA based public-private plutocrats visited on the world.

The result, in the case of Russia, is the rise of Putin, someone who advocates using nuclear weapons on Warsaw if his conventional attacks get in trouble. Why? Because, as the entire West propaganda and governments lauded, for more than twenty years (time flies), the Rubin-Goldman-Sachs-Summers-Clinton-Greenspan view of the world, Putin just got mad with rage. Rightly so.

But the damage is not confined to Putin. All over the world, from Xi to Assad, to all and any politicians in Brazil, Larry Summers and his ilk preached. They preached that corruption and plutocratization ought to have no limits, as long as the gullibility of We The People went along.

“Forgive your enemies, but never forget their names.”

— President J.F. Kennedy.

The elite is fearing the hatred, which is growing. Even in the naturally rich USA. The rapacious elite wants to marshal the anger, to drive it to a safe place. Safe for itself to keep on enjoying Earth a little bit more, as its feudal domain. It is a race between knowledge and folly.

Patrice Ayme’

AUSTERE BONDAGE TO PLUTOCRACY

October 18, 2014

GOVERNMENT IS BANK, EMPLOYER, ENTREPRENEUR OF LAST RESORT. No Need To Beg The Rich For Money, Work, Or Anything.

The will to austerity is justified by the on-going financing of governments with the selling of bonds. No economist disagrees with this dark scheme. I propose to turn on its head that Conventional Wisdom, and propose instead that both austerity and bonds are entangled plutocratic conspiracies. They form one of the ways enabling present governance to betray We The People (while hoping to share the spoils, as the Majors, Schroeders, Blairs, and Clintons did).

There is no need to beg the rich for work: if We The People were in command, we could just elect to work on whatever we deem worthy to work on. By just making it so.

RIGGING BONDS FOR PLUTOS, THE INCREDIBLE HEIST:

In the present financial system, governments borrow from those who have money. Then governments turn around and pay back those who have money, making them even richer. This was tried before. At least one Republic came and went that way:

Superb Warning Against Plutocracy: Florence's Republic Collapse. Basilica (Built 1294-1436) World's Largest Dome Until Then

Superb Warning Against Plutocracy: Florence’s Republic Collapse. Basilica (Built 1294-1436) World’s Largest Dome Until Then

All economists, politicians, and opinion makers find borrowing from the rich to make them even richer, entirely normal. They are that despicable, ill-informed, on the take, or astoundingly ignorant and not very smart. Paying interest to the world’s richest men is a sort of inverted tax, the world upside down… until one realizes that this is a marker for plutocracy, and that was is an abyss for democracy, is a summit of achievement in the inverted value world of plutocracy.

In democracy, the richest gets taxed enough so that they won’t become too rich, in plutocracy, the richest, are never rich enough, and the government makes it so.

In other words, Western governments have an official, in-your-face program to make the rich richer. And its name is austerity, and low deficits.

Why low deficits? Because they insure the value of bonds the rich bought in the past.

Do we need this program of borrowing from the rich? No, as it makes the rich richer. Quickly.

Filthy Wealth Is On Its Way Back, Thanks To Rotten Governance

Filthy Wealth Is On Its Way Back, Thanks To Rotten Governance

[France has the best statistics. Similar graphs hold for other major Western powers. In the case of the USA, hyper wealth was about half of that of the Europeans in the 19C. See note below on this wealth graph. Plus a quote from Piketty’s “Capital in the 21st Century” where it comes from.]

Are there historical precedents of this financing of the state by the richest? Plenty. Bankers became all powerful, when they financed Francois I and Charles Quint’s war with each other. Francois I’s hotel bills went directly to his bankers, as he went around France and Italy.

Similarly with the Rothschilds when they financed both sides of a whole slew of wars in the decades around 1800.

An even more striking example is the Republic of Florence. Florence, founded by Iulius Caesar, was formally a subset of the Imperium Romanum (Roman Empire; the term “Sacrum”, holy, was introduced later). Florence was one of the many states which, during the Middle Ages, tried to re-establish a Roman style republic.

To defend herself, Florence financed its army with bonds. However that made the rich ever richer, and, after centuries of this, Florence ended as a total plutocracy. Between the revolution that established the Florentine Republic in 1115 CE and the de-establishment of the Republic and appointment of a Duke by the Pope to rule it, in 1532 CE, 417 years elapsed. Nearly twice as long as the USA: view this as a warning.

How come we tolerate this government bond based system to make the rich ever richer? Where are the youth, when a revolution is needed? Oh, sorry, I forgot they were too busy borrowing from their rich masters to finance their own studies: revolution is the first thing they learn they cannot afford.

ALL WE NEED IS WORK

We need work. We need infrastructure. We need massive, cheaper, more ecologically correct housing. We need a new energy system. We need more research in biology (as the thoroughly avoidable Ebola epidemics shows), physics (no replacement for the present, unacceptable base load energy system, worldwide). We need more investment in mass, free education (as was the case in the 40s, 50s, 60s).

We need the government to organize all this employment. To compensate the newly employed citizens, the government could, in exchange, give them money. How? “Print”!

No need to tax. No need to ask plutocrats for money. Because that’s all what the “government bond” system is: begging plutocrats and money managers for money. Begging them some more is not needed. They have been paid enough. Actually, one should stop paying them, in this emergency situation, as soon as they have been compensated for their initial lending: default on the interest.

The entire “austerity” machine consists into claiming that those-who-have-money should be well compensated by governments. It is mission number one.

It is high time to break this vicious circle. Italy should default. France should plan for a 6% deficit.

Instead France is asking the European Commission to plan a 4.5% deficit each year for the next two years. Or do Merkel and the European Commission want to send an air force they don’t have in half a dozen war theaters in Africa and the Middle East?

A study of the German Air Force showed that Germany does not have more than 45 (forty-five) combat aircraft which could be flown (France has hundreds, battle tested over Africa and the Middle East, in the last few decades of uninterrupted warfare). War, and the Military-Industrial complex to support it, is expensive. The weaker one gets, the more the miscreants, imperialists, and the like, will be ready to pounce.

The entire aerospace domain, in countries such as France, Britain and the USA, is the object of more or less obvious subsidies. Why? World War One and Two are the answer. Air supremacy (by France in 1918, the USA and UK in 1945) brought victory.

When people get on a plane, the engines are not made in China, Russia, or North Korea. They are made by French, American and British industry. Exclusively. By itself the Franco-American company CFM International sold 27,000 CFM56 engines (found on more than ten thousand jumbo jets).

After he came to power, President Roosevelt ordered the construction of 24 fleet aircraft carriers. Having devalued the dollar by 33%, he had plenty of money. Just made it so. (The 24 carriers came in handy in 1941; Japan had only 10.)

Now we are engaged in a much worse war, one to save the biosphere, and try to prevent the planet to go Jurassic. Thus governments ought to be supporting not just aerospace, but new energy systems (see preceding essay), positive energy housing, efficient high speed trains, etc.

As populations age in the West, medical science to mitigate, or even reverse, aging, ought to be pushed (advances from 2014 show this should be possible).

How to do all this? How to do all what needs to be done? All what could be done?

Just make it so. Governments by We The People, for We The People, have just to support whatever enterprise is worthy… By financing it. No need to beg the rich.

Independent powers such as North America and Europe could live as complete autocracies (certainly the USA does not need anybody). Then money can be created by the government, and directed at whichever activity the government deems worthy. This strategy was the core of Marxism-Leninism, and in complete opposition to free market capitalism (not that the latter ever existed!).

The Nazis thought that was impossible. Rich plutocrats had financed Hitler. However, in December 1941, the Nazis reached, with difficulty, a subway station in Moscow. In the distance, they could view the gold cupolas of the Kremlin that Napoleon had brought down.

Facing the Nazis was the Soviet system, which just decided to create money, and work, out of thin air, without begging the rich. In this case the Soviet system was churning thousands of the very efficient T34 tanks. With horror, the Nazis discovered that their best tank, the Panzer IV, could only destroy the T34 at close range, from behind, hitting its engine.

Extraordinary industrial achievements by the USSR command economy were replacing the staggering losses suffered over the summer of 1941 (up to 21,000 Soviet aircraft had been destroyed).

In front of Moscow, 1.4 million Soviet soldiers counter-attacked 2 million Nazi soldiers. Losses and casualties were up to 1.7 million.

The USSR won. Decisively. Governmentalism won, decisively.

Definitively, it was proven that the command economy of a government could crush a for-profit, rich plutocrat system.

What was next? After Tojo and Hitler declared war to the USA, Roosevelt duplicated the Soviet machine, the Soviet way of organizing the economy, in the USA (in truth he had started in 1933). To organize the economy according to the diktat of the state, he named a young, but towering, Canadian economist as Czar, John Kenneth Galbraith.

We are in those sorts of times again.

The economists who put us up the (dry) creek of the present disaster will scoff that the so-called “free market” has proven superior. Not so. It’s not the free market which won World War Two, but putting We The People, massively, to work. In the USSR, the USA, the UK.

By the time the Nazis understood that plutocracy was not their friend, but rather their drug, and the free market was a bad joke played on them, not a machine, it was too late. The Nazis produced one tank when their adversaries produced one hundred, and one barrel of extremely expensive oil, when their enemies produced one thousand.

The truth about Nazism is that it was a puppet government; plutocrats were pulling the strings. Even with those strings attached, that government was weak.

It is time to understand that there is no strong economy without a strong government. It is time to understand that asking the plutocrats to pull the strings of the bond markets, while they require us to be on a diet, when not outright dying from ebola, makes for a weak government, and a weak economy.

Patrice Ayme’

Notes on the graph: Thomas Piketty, in his book “Capital in the 21st Century” stated the obvious:

“Whenever the rate of return on capital is significantly and durably higher than the growth rate of the economy, it is all but inevitable that inheritance (of fortunes accumulated in the past) predominates over saving (wealth accumulated in the present)…. Wealth originating in the past automatically grows more rapidly, even without labour, than wealth stemming from work, which can be saved.”

Yet, I doubt Piketty points out that the governmental bond system is rigged to insure that wealth grows faster than GDP: that could compromise his cute little career of official thinker.

The wealth graph above, if it were extended to earlier times would show roughly the same level. In other words, we are quickly going back to Medieval inequality of wealth. We are bringing back the world of serfs and lords. That world was characterized by injustice and stagnation. We don’t need it. The rich are too rich already; we need to make the rich poorer.

 

When A Child Fights Evil Well

October 10, 2014

The Norwegian Nobel Committee awarded the 2014 peace prize on Friday to Malala Yousafzai of Pakistan and Kailash Satyarthi of India. Excellent. The teenage Pakistani known around the world for fighting sexist terror, and an Indian veteran of campaigns to save from slave labor  “tens of millions of children” were celebrated jointly.

A sober moment: only three countries or so do not recognize the right of children NOT to work (be it only so that they can concentrate on studying). The USA is one of them. One of the violators of this UN law. Obama, who can’t close Gitmo, a prison where people are held unlawfully, and force-fed as if they were geese, did not even have the force to evoke that gross violation, in the six years he spent being honored as a great leader.

Hey, otherwise the agriculture of the USA would not be as profitable!

Have You As Much Courage? As Much Brains? That's What The World Needs.

Have You As Much Courage? As Much Brains? That’s What The World Needs.

This 2014 Peace Nobel is obviously a good award. Not a half silly one as the BLUE LED award in physics (why did the inventor(s) of the green LED not get the Nobel, and even earlier, those who invented the RED LED? Oh, because the Nobel clowns don’t give more than three awards? Do you have any other superstitions to impose on us, Nobel guys, to educate us further in the irrational?)

Ms. Yousafzai, 17, the youngest recipient of the prize since it was created in 1901, got a bullet in the head, courtesy of the Islamist terrorist known as Taliban, for advocating secular schooling, rather the medieval superstitious stupidities they read in the Qur’an and the like.

To announce her award, she was taken out of a chemistry class, in Birmingham, where she was treated for her grave injuries and stayed, ever since. (There are probably Taliban foaming at the mouth in gleeful anticipation of pumping her with more bullets.)

The committee’s chairman said: “The Nobel Committee regards it as an important point for a Hindu and a Muslim, an Indian and a Pakistani, to join in a common struggle for education and against extremism…”

This is wishful thinking: troops from Pakistan and India exchanged artillery and machine-gun fire across their disputed Himalayan border in the last few days. The last duel killed 11 Pakistani and eight Indian villagers.

“Children must go to school and not be financially exploited,” Chair Jagland pursued. “It is a prerequisite for peaceful global development that the rights of children and young people be respected. In conflict-ridden areas in particular, the violation of children leads to the continuation of violence from generation to generation.”

That’s the problem of the Islamists: as women are maintained in a state of oppressive violence, subjugation, stupidity, torpor, and ignorance, they bestow these qualities to their children. That’s why the Muslim empires have been down and out for at least eight centuries (occupied by Franks, Mongols, ruled by Turks, liberated by the French, British… and now invaded by the Jews, in a supreme irony, considering the anti-Jewish character of the Islamists’ most sacred texts. All of this humiliation and degeneracy submitted constantly under indigenous plutocratic overlords.)

Malala has much more intelligence and courage than the many pseudo-intellectuals in the West who have imposed the wrong mood (“Islam is peace”) by sheer greediness (Political Correctness sells!), cowardice, and blatant ignorant stupidity. Some variants of Islam are peace (say West African Islam, circa 1950). But the Qur’an is not. Consider the (extreme, astounding) Violence In Holy Qur’an.

Patrice Ayme’

Finance & Imbecility Supreme

May 9, 2014

 

Animal minds started with bacteria orienting themselves towards food sources.  What are the youngest parts of human minds? Reason, the will to find reasons for everything, including the reasons hyenas may have to act the way they do.

Speaking of hyenas, officially speaking, less than 100 individuals own more property than half the population of the entire planet combined. And the truth is way worse.

A particularly odious subset are the money changers. Here is Krugman in “Now That’s Rich” finally waking up to the nefariousness of Finance Supreme. After extensively relating Krugman’s belated coming of age, not to say wisdom, I will take off in the last few paragraphs, with the really big picture.

Hyenas Are More Social Than Hedge Fund Managers

Hyenas Are More Social Than Hedge Fund Managers

Krugman fired a broadside against hedge funds mangers, where the ugly splurge at the trough of conspiracy unchained. It is such a pleasure to have Krugman focus finally on what I have attracted his attention about, for years, that I will quote him extensively. He does not say anything I did not say in substance, say 6 years ago, but he has an incomparably louder and more respected voice:

“Institutional Investor’s latest “rich list” in its Alpha magazine, its survey of the 25 highest-paid hedge fund managers, is out — and it turns out that these guys make a lot of money. Surprise!

Yet before we dismiss the report as nothing new, let’s think about what it means that these 25 men (yes, they’re all men) made a combined $21 billion in 2013. In particular, let’s think about how their good fortune refutes several popular myths about income inequality in America.

First, modern inequality isn’t about graduates. It’s about oligarchs. Apologists for soaring inequality almost always try to disguise the gigantic incomes of the truly rich by hiding them in a crowd of the merely affluent. Instead of talking about the 1 percent or the 0.1 percent, they talk about the rising incomes of college graduates, or maybe the top 5 percent. The goal of this misdirection is to soften the picture, to make it seem as if we’re talking about ordinary white-collar professionals who get ahead through education and hard work.”

In truth, the concept of “hyena” comes short as an insult: hyenas are ecologically useful, they are part of the balance of a super-organism that evolved over the eons, part of which is simple grass, that herbivores ought not to eat too much.

Money changers, though, have no ecologically utility. Quite the opposite. The essence of humanity is learning, thus, first of all, the beautiful art of teaching. Yet, as Krugman reminds us:

“But many Americans are well-educated and work hard. For example, schoolteachers. Yet they don’t get the big bucks. Last year, those 25 hedge fund managers made more than twice as much as all the kindergarten teachers in America combined. And, no, it wasn’t always thus: The vast gulf that now exists between the upper-middle-class and the truly rich didn’t emerge until the Reagan years.

Thus by letting money changers earn much more money than teachers, the corrupt government of the USA (that includes the corrupt lawmakers assembled in a corrupt, money drenched organization called Congress), have decided that money changing is much more important than teaching. Or, in other words, that a sort of recent conspiracy of a few oligarchs mattered more than the essence of humanity, learning.

Krugman exposes in his own way what some of the money changers of the hedge type do:

“ignore the rhetoric about “job creators” and all that. Conservatives want you to believe that the big rewards in modern America go to innovators and entrepreneurs, people who build businesses and push technology forward. But that’s not what those hedge fund managers do for a living; they’re in the business of financial speculation, which John Maynard Keynes characterized as “anticipating what average opinion expects the average opinion to be.” Or since they make much of their income from fees, they’re actually in the business of convincing other people that they can anticipate average opinion about average opinion.

… hedge funds are a bad deal for everyone except their managers; they don’t deliver high enough returns to justify those huge fees, and they’re a major source of economic instability.”

Amusingly, Krugman used to want many currencies, hence many currency changers, inside Europe. And that, in turn, to prevent, precisely those instabilities, is why the European currency, the Euro, was created. But let’s let that awkward observation glide away, in a spirit of communion…

It’s such a delight to have Krugman making famous these theses long obscurely exposed on this site, that I will quote him some more:

“More broadly, we’re still living in the shadow of a crisis brought on by a runaway financial industry. Total catastrophe was avoided by bailing out banks at taxpayer expense, but we’re still nowhere close to making up for job losses in the millions and economic losses in the trillions. Given that history, do you really want to claim that America’s top earners — who are mainly either financial managers or executives at big corporations — are economic heroes?

Finally, a close look at the rich list supports the thesis made famous by Thomas Piketty in his book “Capital in the Twenty-First Century” — namely, that we’re on our way toward a society dominated by wealth, much of it inherited, rather than work.”

Bloomberg View’s Matt Levine points out, these days a lot of top money managers’ income comes not from investing other people’s money but from returns on their own accumulated wealth — that is, the reason they make so much is the fact that they’re already very rich.

And this is, if you think about, an inevitable development. Over time, extreme inequality in income leads to extreme inequality of wealth; indeed, the wealth share of America’s top 0.1 percent is back at Gilded Age levels.

There is a more general problem here. Ultimately income reflects the worth some values are perceived to have. By making finance, that is, money changing, more valuable than, roughly, anything else, we have money changing, that is, nothing, more valuable than anything else.

I sent a comment, that Krugman published right away. Here it is, slightly modified. It attracts attention on how Finance Supreme causes a global collapse, economically, morally, socially, and even genetically:

Hedge fund managers earn unfair amounts of money. Fairness is very important in primates. Confronted to injustice, even the simplest monkeys, experiments have shown, start to throw things at the heads of experimenters rather than working. So one will guess that an unfair society is not just abusive (and that’s bad for the genes themselves!), but also economically inefficient (if apes can’t throw things, maybe they drive dangerously, attack others, do drugs, and the couch potatoes).

Let me now add further dimensions to the complaint against the hyper rich. As is well known, as they can’t spend it all, they just store servants (slaves), land, anonymous companies (thus an entanglement of conspiracies worldwide, all the money in Dark Pools). Meanwhile worthy jobs (such as teachers) go starving.

Still another aspect is that, as they hold all the power, only those oligarchs are consulted to steer the world. We saw what it gives in Russia: a dictatorship harking to the most vicious tribalism, when the herd charges ahead to gore and trample whoever they have been told threaten it.

We saw what consulting that handful of oligarchs gave worldwide: a head-on rush to a catastrophe for the biosphere, unequalled in 600 million years, complete with a run-away greenhouse, acid ocean, and hypoxia.

In other words, the reign of hedge fund managers, the reign of Finance Supreme, and, more generally of oligarchy and plutocracy unchained, is the reign not just of unbounded greed, but the reign and rule of complete imbecility.

Human beings, and democracy, are smarter, when they are free to think and decide. Minds in chains have little worth, and we all end up poorer. This world needs more than 100 of the greediest, to think for us all, as if they were the greatest. In truth, we need all the minds we have.

Patrice Aymé

GDP Doesn’t Produce Life

March 10, 2014

One of my not so sophisticated jokes is that GDP stands for “Gross Demonic Product”. I have long compared France and the USA in economic matters, as the two republics are highly comparable. Paul Krugman is now of this opinion. As he puts it:

“I think I can usefull [sic] phrase my concerns in terms of my favorite comparison on these matters, which is between the United States and France.

The GDP Economy Roars Ahead In the USA: Nowadays, Americans Pay For everything

The GDP Economy Roars Ahead In the USA: Nowadays, Americans Pay For everything

Why this pair? Because we’re talking about two advanced countries that clearly have similar levels of technological competence but have made very different social choices; in particular, France not only does much more redistribution, it has expanded its redistribution over time, limiting the rise in overall inequality, while the United States has not.

So how have the countries’ destinies compared during the New Gilded Age? French growth actually has been somewhat slower, although hardly the catastrophe the country’s incessant bad press might lead you to expect.”

Overall French GDP is about 20% less, per capita than that of the USA.

However, it’s not clear that it means a lesser way of life.

Take medication: the French can buy the exact same drug, from the exact same manufacturer (French, American, or German), and the same package, and pay a fifth the cost. That’s fifth LESS contribution to GDP. The money contributing to GDP ends up, overseas, in some tax haven. How does that help well-being? By helping tax dodging plutocrats?

Take education: there is more than a trillion dollar of student debt in the USA. That’s a trillion dollar of contribution to GDP… of inextinguishable debt. The French GDP is terrible that way, because there is NO contribution to GDP, in France, from over indebted students.

Take transportation. Contemplate an American going around with his car. The car uses much more GDP per mile than the High Speed trains millions of French use every week. So GDP tells us the greater the efficiency of fast, modern transportation, the poorer a nation.

The USA’s economy has much improved since 2007. Thanks to fracking. Now the USA is the greatest fossil combustible producer in the world, even beating Putin’s petro-state. Fracking the planet to death since 2007 is great for the GDP of the USA. However, scientific studies in 2013 show that methane leaks all over much of the USA: that’s not so great for the planet, as CH4 is twenty, or more, times more of a greenhouse gas than CO2. (CO2 itself acts as a trigger for H2O, itself the prime greenhouse gas.)

The French, in vacation all the time and retired, early on, enjoy life outrageously. That brings a lower GDP. OK, so the French GROSS product is lower than it could be. Does that mean that French refined product is low? Of course not, quite the opposite: the grosser, the less refined.

Is a slave working the GDP per capita of his master up, better off?

France has been handicapped in recent years by artifacts related to her refusal of some methods, such as OGMs. The result? France went down from the world’s second food exporter to fifth. France has also outlawed fracking. An efficient crack-down on corruption (by contrast to corruption perception) has led to the loss of many contracts overseas.

What is GDP? The sum of all moneyed transactions. Thus, when a young French retiree works exclusively in a non-profit fashion, no GDP is generated. But that does not mean nothing is produced. Instead what’s produced is too precious to be moneyed.

In general, in an economy, what is the most precious, cannot be bought, or sold. That’s one thing free market naïfs don’t get.

It’s not a coincidence that Doctors Without Borders, Journalists Without Borders and the like got started in France.

Patrice Aymé


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Artificial Turf At French Bilingual School Berkeley

Artificial Turf At French Bilingual School Berkeley

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in truth, only atoms and the void

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www.grrrgraphics.com

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Power Exponentiation By A Few Destroyed Greco-Roman Civilization. Are We Next?

SoundEagle 🦅ೋღஜஇ

Where The Eagles Fly . . . . Art Science Poetry Music & Ideas

Artificial Turf At French Bilingual School Berkeley

Artificial Turf At French Bilingual School Berkeley

Patterns of Meaning

Exploring the patterns of meaning that shape our world

Sean Carroll

in truth, only atoms and the void

West Hunter

Omnes vulnerant, ultima necat

GrrrGraphics on WordPress

www.grrrgraphics.com

Skulls in the Stars

The intersection of physics, optics, history and pulp fiction

Footnotes to Plato

because all (Western) philosophy consists of a series of footnotes to Plato

Patrice Ayme's Thoughts

Striving For Ever Better Thinking. Humanism Is Intelligence Unleashed. From Intelligence All Ways, Instincts & Values Flow, Even Happiness. History and Science Teach Us Not Just Humility, But Power, Smarts, And The Ways We Should Embrace. Naturam Primum Cognoscere Rerum

Learning from Dogs

Dogs are animals of integrity. We have much to learn from them.

ianmillerblog

Smile! You’re at the best WordPress.com site ever

Defense Issues

Military and general security

RobertLovesPi.net

Polyhedra, tessellations, and more.

How to Be a Stoic

an evolving guide to practical Stoicism for the 21st century

Donna Swarthout

Writer, Editor, Berliner