Posts Tagged ‘Absolute Worth Energy’

Bitcoin: Naïve, Evil & Demented

March 1, 2014

But Some Related Hope Nevertheless Lays Down Deep Inside, Thanks To ABSOLUTE WORTH ENERGY (AWE).

Shall I start with the evil part, or the demented part? Bitcoin is not just a bit con. Bitcoin is obviously a Ponzi scheme. It’s always a pleasure to infuriate geeks and tiny crabs. “Harriet” from Oakland (a Silicon Valley suburb) contradicted me, with typical techie arrogance: “Please learn what a Ponzi scheme is. Wikipedia will help you.”

Wikipedia is to geeks what the bible is to pedophile priests. A Ponzi, or pyramid, scheme is a financial scheme where early investors make money from later investors. That’s surely the case of Bitcoin. In 2011 the value of one Bitcoin rapidly rose from about $0.30 to $32, before falling back down to $2. Those who bought $30,000 of Bitcoins at $30 soon found their so called “investment”, or “saving”, to be worth $2,000. Now in Japan, a Bitcoin bank disappeared. Real money was exchanged for sheer bamboozling.

The Truth About The Public-Private Fractional Reserve System

The Truth About The Public-Private Fractional Reserve System

Geeks tend to be extremely mentally undeveloped outside, while being very smug about their small pathetic idiosyncratic view of the world (in particular all that they do not understand, they turn into a two cent joke; that’s also a characteristic of mathematicians; being one of them, I know the syndrome well).

Geeks believe that there are no empires, and they believe that, if there were some empires, they would be evil, thus irrelevant. They also believe, that they, the Geeks, are not evil, that Wikipedia (in English) is never wrong, and that links are all the truth you need.

Why to step in that mental swamp? Because Bitcoin is a delicious counterexample to the naïve concept of currency.

What’s a currency? It’s a space where an empire allows rewards and promises to be exchanged, backed-up by the empire military might. Fundamentally, a currency is the token system the empire’s soldiers are paid with. Emperor Septimus Severus pointed out to his sons, while dying in Britannia in 211 CE, that was the basis of all.

This is the hard version. This is reality.

To feed the state, the population needs to works, partly, for the state. That’s why taxation was invented. When there is not enough taxation, the state collapses. The best example of that collapse is the Late Roman empire, when there was not enough taxation of the rich to pay for defense (thus the cheap trick to use the Franks to insure defense).

Compare with the only back-up of bitcoin: not an army of soldiers, but an army of con men on Wall Street and other well organized crime. (Organized crime used Bitcoin for money laundering.)

Here is a related example: why is betting so popular in Asia? Because those who bet actually win. Why? So that they will be encouraged to bet some more, throw more money in the system. For which purpose? Because Organized Crime needs to launder money, and betting is how it does it. Losing 20% or so, is the cost of the laundering service to Organized Crime (such as Drug Trafficking).

Is a currency always created by an empire? At first sight two objections come to mind: the Thaler, and the Euro. For both it looks as if no empire was connected to them. However, that’s an illusion. (As anti-European fanatics are finding out, to their horror.)

The Thaler (or Taler or Czech Tolar… hence Dollar) was a silver coin used throughout Europe by many states for four hundred years. ( Etymologically, “Thaler” comes from German for “valley”, same as Neanderthal.) The Thaler was backed by states with serious armies: Austria, the Holy Roman German empire, Prussia, the Netherlands, etc.

A loose coalition of states can just be articulated around the army of just one state. That’s what happened with Prussia, which totally dominated the German speaking world from 1815 (partial dismemberment of Revolutionary France) until 1945 (eradication and annihilation of Prussia).

Similarly, the Euro is (mostly) backed by Franco-German might at this point. (Franco-Germania plus its immediate satellites makes a super-power, albeit one different in nature from the territory-rich USA.)

The naïve fundamental idea of Bitcoin was to create a currency without guns to back it up. Bitcoin one of the most famous Ponzi schemes in history? Some naive “techies” furiously object.

They are the same ones who firmly believe that Yahoo, Google, Facebook, are not, repeat: not, government spies agencies. (Hey, did not their chiefs “protest” to the “commander in chief”?)

If you think the usual suspects, the pirate speculators  of the Wall Street type have nothing to do with Bitcoin, please learn about Wall Street. But Wikipedia won’t help you (Wall Street guys have enough money to make sure Wikipedia says exactly what they want it to say).

On 19 November 2013, the value of Bitcoin on the Japan-based Mt.Gox exchange soared to a peak of US$900 following a United States Senate committee hearing, at which the committee was informed, by the FBI, no less, that virtual currencies were a legitimate financial service. On the same day, bitcoins traded for over RMB¥6780 (US$1100) in China.

How could the FBI be that corrupt? Some will whine. Well, what’s the FBI? An instrument of the state, just like the Dollar. It’s all about a tribe, or its leaders, exerting power.

Now visualize this: the true leaders of the USA are the plutocrats. They devised a tax code so that they don’t pay enough taxes to prevent them to become ever richer (why would they? They are in power, and the rabble does not know it!).

How did the plutocrats acquire so much power in century? Mostly by doing exactly what president Jackson was afraid the Rothschild would do to the USA (and what the Rothschilds claimed they were doing in Europe… not that their fellow big time bankers were not doing it too). In the present fractional reserve system, the state has farmed out the making of money to some private, unelected individuals, the bankers.  The Bitcoinists thought they had found a scheme to do the same. That was naïve. They drunk Ronald Reagan’s idiotic propaganda, and come to believe that We The People could do without a state.

For more than 2,000 years in the West, the government created money (with a face value often much higher than its real value), but tax collecting was farmed out to private enterprises. Now it’s the other way around: tax collecting is public, money creation, private. That’s a big mistake. We have, unsurprisingly, a system in which the money creators, the bankers, create money, that is, power, at will. That abundance of money has allowed them to buy the “democratically elected” representatives.

Thus now, as Rotschild said, the bankers control the government. Plutocracy found that money creation to be its best trick in a long time.

Can we enjoy a loftier perspective? Sure. Money is power, and power is measured by energy. Not all energy is good: blowing up the Earth won’t be good. A way to do that? One could set fire to 20 trillion tons of coal underground, and get plenty of energy, until the biosphere is destroyed. (Some plan to do that.)

So energy expenditure has to be controlled by long term ethics. This is what I call AWE (Absolute Worth Energy). With the enormous computing power we now have, it’s practical. AWE, accounting in useful energy units, is unavoidable, as it’s the only accounting system that will save civilization. AWE would make a perfect Bitcoin (AWEC: Absolute Worth Energy Coin). But of course it would need the support of the government, and that only if We The People pass laws to force it to do so.

Patrice Aymé

Note 1: A big deal  is made by Bitcoin crooks that computers are computing the scheme. In the geeks’ minds, computers are superior souls, above the fray. However, it doesn’t matter that  computers compute in the background of Bitcoin. Pyramid schemes are always about guys making computations in the background.

Note 2: Those who believe in bitcoin don’t believe in history, or sovereignty. That the wealthiest use a parallel currency with artworks, reinforces my point: only the sovereign, wealth, can create a currency durably! The wealthiest can use artwork as a currency in all impunity, precisely because they rule the world (and only the wealthiest are wealthy enough to use that currency). Average bitcoin users don’t rule the world (although governments let organized crime use bitcoin for quite a bit…)… thus their currency will not rule the world, either…

Geography Is Destiny

January 21, 2014

Abstract: The vastly different geographies of the USA and Europe explain many things, and seem to require greater variety of behaviors than observed. Or how geographic destiny can lead both to exploitative ecstasy and conservative futility.


Many highly educated Europeans who migrate to the USA affect contempt for the old continent. That alleviates their remorse. Indeed they earn higher incomes in the USA’s jungle, most hospitable to the most educated (as long as said education can be sold!).

This weekend the New York Times revealed that the salary of Medical Doctors in some medical specialties average above 900,000 dollars, nearly twenty times the average family income in the USA. It’s of course just the tip of the iceberg. One of the insurance executive Obama has put in charge of covering the uninsured with his “philanthropy” earned more than 100 million dollar last year. That makes him of great counsel at the White House.

This is of course inconceivable in Europe. Something also inconceivable in Europe is the richness of North America.

Oil & Gas Shales Everywhere, That’s Smart!

Oil & Gas Shales Everywhere, That’s Smart!

But then so is the fact that one citizen of the USA out of six has no health insurance. That means one out of six citizens show up to the emergency room only when the cancer has grown too big, or the heart has failed too much.

Both facts are related. Abusive exploitation brings elation to the exploiters, desperation to the exploited. If the elation can leverage more power than the desperation, the exploitation goes on.

Sometimes, it’s the land that gets exploited. Fracking is devastating giant regions of the USA, but it does not matter, because the USA is giant. The USA is nearly the same surface area as Canada, the world’s second largest country (much of Canada is hopelessly frozen wastes, though). Nobody cares about what is going on in remote places of the Dakotas, Wyoming or Texas.

Fracking Near Riffle In The Rockies, Colorado: Where Is Everybody?

Fracking Near Riffle Rockies, Colorado: Where Is Everybody?

Wyoming is actually slightly larger in area than Great Britain (253 K square kilometers versus 243 K) however its population, about 550,000 people , is less than 1% of Britain’s 64 millions. Thus fracking in Kent does not compare with making a lot of pollution roughly anywhere in Wyoming.

The European Union, with a bit more than half a billion inhabitants, is not even half of the area of the USA, with roughly 320 million. Even more strikingly, the population of the USA is actually concentrated in less than half of the country. Many states in the USA are mostly empty, although many of these have a wonderfully temperate climate.

India, with more than three times the population of the USA, is a third the area. So about ten times the density. There again the density is not even at all, and the resources vastly inferior (but for… Thorium, hence the Indian Thorium program.).

At this point the economy of the USA is lifting up, because the energy production of the USA has been skyrocketing (both the energy used inside and the one sold outside, such as coal). This is deliberate. Any American business publication worth its salt, explains that the strategy of the USA is to render energy production cheaper, and more profitable, no holds barred. Obama’s EPA cracks down on coal’s pollution to better encourage its exports, pushed by fracking.

After all, as I have long explained, it’s the exploitation of oil in the USA, starting in the mid nineteenth century Pennsylvania,  that was perhaps the major advantage of the USA.

(Without Texas oil, generously provided by his plutocratic friends, Hitler would have been incapable of invading in Spain with Franco’s army, and his fascist helpers. That used to amuse Adolf a lot. He lost his sense of humor on September 3, 1939. Then he declared he would only wear a drab grey tunic until the war was won.)

Fracking brought the cost of natural gas in the USA down to one third of the world’s price (gas is dangerous to transport by ships, so it mostly stays in the USA). Displaced USA coal production is massively  sent to gullible Germany (and soon, China).

Of course, lots of methane leaks. Measurements show that the powerful greenhouse is smothering the southern USA, and thus, the planet. But there again, and that’s left unsaid, is that a mighty greenhouse would advantage the USA… Or at least that’s what USA strategists apparently think. In their stupidity, they see that most of frozen Alaska (more than a third of the EU’s area) will become balmy, and that war has always advantaged the USA. They forget little details, such as Florida under water, and California roasting (greatest drought ever unfolding there, second year in a row).

Last year, the USA added the equivalent of four nuclear reactors, in solar photovoltaic power alone.

All of this will have an effect. Meanwhile, propelled by all this energy, the population of the USA augments by three million a year. (Never mind if the death rate related to childbirth in the USA is nearly thrice that of the EU: pediatricians are the worst paid doctors in the USA.)

To not become completely irrelevant, powers such as the EU will have to use different energy strategies. However, at this point, it has just been all about conservation, and that maybe the main trouble of Europe’s economy.

Let me repeat slowly: the rise of man has been the rise of what I call AWE, Absolute Worth Energy, the energy at disposal to effect a worthy task. A related, but grosser notion, the energy at the disposal of any single human being has constantly augmented(The easiest way to do that is simply to produce more energy, overall; that proved difficult in the Late Roman empire, or 1300 CE Europe).

To diminish the AWE is just impoverishment. To augment the AWE without augmenting energy production is difficult, yet this is what Europe has chosen to do. It becomes outright impossible without new technology. The Photo Voltaic effect discovered around 1830 by a French physicist is new. But not wind and water mills, which were already central to the European economy in the Middle Ages.

Thus it is astounding that Europe does not have active research and development in, say, Thorium reactors. Just digging giant holes in Germany while scrapping Appalachian mountains to feed German power plants with coal is assuredly not the key to a better future.

Much of the German error in behavior from 1871 to 1945 CE had to do with forgetting that Europe was not the USA, thus not realizing that behaviors that had proven profitable in the New World would not prove so in the Old Continent. In a way the same sort of error is made to this day. This time, it’s not about killing the Indians, but, rather, about living like Indians. Squeezing one’s belt can go only that far.

Patrice Aymé


December 31, 2012


Some pontificate that we are experiencing the “third industrial revolution”.

This erroneous naivety, rich in lessons, beholds a lack of measure, and a lack of history. As I explain why, I will introduce the INDUSTRIAL INDEX, which rests on the concept of energy and AWE, ABSOLUTE WORTH ENERGY, which rests on humanly effective energy usage.

Together both energy related concepts allow to found rigorously the notions such as industry, progress, even revolution, and the dismal science, economy.

Athena Parthenos: lots of energy to build, metal therein.

Athena Parthenos: lots of energy to build, metal therein.

Economy has been dismal, because it had no scientific foundation. Energy gives that foundation to economics. While generalizing… physics.

Verily, there have been many “industrial revolutions” before. Scholars of antiquity call them “ages”, instead of “revolutions”. A tradition.

Going from the Bronze Age to the age of (carbon reinforced) iron (steel) was a change of “age”. (Trojan War Greece fell to the iron equipped Dorians, launching the Greek Dark Ages.) To make bronze, one had to bring together copper and tin, sometimes from very far away. To make iron, one had to reach temperatures higher than any naturally occuring fire. Those new metals were all about new, and more intense, energy management.

One needs to define “industry” and one needs to define a measure for “revolution”. I will do both. Defining industry depends upon a measure of industry, and this is the same measure that defines revolution. So I will do the measure first. (See note on measure.)

A woman, with her bare hands, can do only that much. But if she drives a bus, she can do much more. Much more what? Much more work, in the exact physical sense of “work”. In physics, work is force time the distance along which said force acts. It’s equivalent to energy. (See work note)

An obvious question is how would industry be defined? Very simple: by work. A human, au naturel, can do only that much work. Industry does much more.

The concept of industry comes, through the French from the Latin “industria” “diligence, activity, zeal” itself from the old Indo-European roots “in”, or “indu” and struere (building, giving structure).

A measure of industry is how much work a human can do, or does, or depends upon,
or commands, in the average. To evaluate the industrial measure of a society, one sums up energy potential or realized, over the entire society.

To get an index, divide that generalized energy by the total population.

This is intuitively satisfying: the index equates the increased mastery of energy with increased industry. As energy is the most important notion in modern physics, this new economic theory fits smoothly with modern physics.

We need a name. I will use II, for Industrial Index.

How to measure the II varies according to societies. A herdsman will a flock of sheep brought in more calorie than his colleague running after wild mountain goats. In this case the relevant II springs from the difference of how much calories is produced (including by milking the goats) versus how much is expended (including training dogs, building fences, or making arrow heads…)

The Neolithic revolutions of herding and agriculture brought tremendous jumps in II. The first dams were built apparently in present day Yemen, then solidly connected to the rest of Middle Earth by a wetter climate, and Jawa in Jordan, 3000 BCE. By irrigating vast lands, a dam does automatically what would be a lot of work for people carrying the water by hand, so it brings lots of energy (jump in II), and in the service of mankind (thus an equal jump in II(AWE) see below).

An industrial revolution occurs when II jumps. II will jump when significantly more powerful science or technology is introduced or deployed (for example the science of breeding less dangerous almond trees or boars). It took 2,000 years to deploy the technology of the steam engine, from the ancient Egyptians and Greeks to the Frenchman Papin (who made a steam powered boat, outright!).

The size of revolutions can be compared across the ages, using the ratio: II(before revolution)/II (after revolution).

For example the steam engine allowed to jump from the maximal power of a dozen horses to ten times that, an II jump of ten. Advanced coal based steam power plants reached at most 100,000 horsepower (around 100 megawatts). A nuclear fission U235 reactor ten times that. So going from fossil fuel to nuclear represented another II jump of ten. (But that jump has mostly failed because the military based nuclear technology partly deployed was found to be insuffiencently safe enough.)

An objection could be that this first order definition of II does not take into account, waste. However neither does GDP. GDP is notorious to augment with waste, so some countries have higher GDPs, just because they are tremendously more wasteful (what the Swiss and the French do does not differ much from what Canadians, or Americans do, under the same latitude; however Canadians and Americans need three times more CO2 to do it, a tremendous waste).

I have an answer to the problem of waste too. To remedy this, a notion, AWE, Absolute Worth Energy, does NOT consider the energy spent, but only the energy of the effect one is looking for by the activity that this energy deplyment intents to serve.

This II(AWE) is computed otherwise just as the II. A measure of the efficiency of a civilization is the quotient:

Examples: a traffic jam has zero AWE, but a Light Emitting Diode has an AWE close to 100% (as close to 100% of the LED output is used… as long as there is someone to enjoy the light of its energy output).
When a plane’s flight’s AWE is the energy of transporting people and goods, on that flight, NOT the energy spent to transport them (pretty much equal to fossil fuel spent + cost of training, flying, repairing, etc.)
It becomes a bit delicate when one determines the AWE of a PhD (but it can be done, using modern computers).

The Mayan civilization rested upon a tremendous irrigation system with reservoirs and canals. The largest canal, about 100 meter wide and more than 100 kilometers long, can be seen from space. So there was such a thing as Mayan industry. However, the American civilizations were violently destroyed, and contributed even less than East Eurasian civilizations to the present One world Civilization (the east’s greatest contribution, besides its very existence, may have been Chinese black powder).

Ultimately, civilization has been mostly the work of the Middle Earth. It makes civilization pretty much in one locale. The successive revolutions that articulated the civilizational mainstream all happened there, knew about each other, and are thus easy to compare.

The first industrial revolution was the invention of cities, the second one that of herding (or the other way around), the third one was intensive agriculture of engineered crops, the fourth revolution was writing (6,000 years ago). The fifth the political system (Sumer, 5,500 years ago), arriving simultaneously with copper-tin alloys, that is bronze. As tin and copper were often not found in the same place, they had to be transported by massive shipping (Crete, 4,000 years ago). Shipping was crucial for Western Eurasia, which, by the time of Carthage, enjoyed a trade system, shipping enabled, extending from the British isles to India, and even Black Africa; for example tin was shipped from Britain, and salted fish, from Black Africa).

There is no doubt that Rome had industry. The first Roman fleet, 200 warships copied from Carthage, was constructed in a few months, while the crews were trained in the dirt to move oars and obey commands (Carthage promptly sank that first attempt.) Rome had an enormous industry and economy.
But did Rome see an industrial revolution? Well the Industrial Index jumped. Roman dams are still in use today. Yet, the Greco-Roman empire mostly cheated. It split the population in two: the free, and the slaves. The Industrial Index and the II(AWE) applied mostly to the free.

Extremely. There are, or ought to be, two industrial revolutions in full swing, one of intelligence, axed on II(AWE), the other of energy, axed on II. The first is still in infancy, the other, in trouble.

The present Artificial intelligence revolution is blossoming, but, like an infant learning to crawl, it is far from fully capable yet. Its potential to augment II(AWE) is very far from fulfilled. That will happen when all the tasks requiring NON CREATIVE and NON CONSCIOUS intelligence can be done by robots. No more driving; the car will do it for you. No more cooking; the kitchen will serve you what to eat. Etc.

What about the energy revolution? It’s somewhat in regress. Although so called “sustainable” energies are developed, they stay an epiphenomenon, and will stay so, as long as they cannot replace base energy. The USA has decided to go the other way, full blast, burning the planet for its own profit, encouraging China and India to do the same with coal.

The new energy source was, of course, nuclear energy which has energy density greater by a factor of one million. A succession of red herrings have mentally unbalanced civilization about nuclear energy, and this is having the disastrous consequence that the biosphere is in the process of quick irreversible destruction. Nuclear waste fades to nothing dangerous after a while. But not so for the poisoning by coal combustion, which permeates the biosphere with eternal contaminants such as arsenic and mercury. Or CO2, that will stick around for millennia.

The Industrial Index is actually in danger of collapse. How? Because the population is augmenting fast (II is obtained by dividing total energy commanded by the number of people), while the catastrophic consequences of fossil fuels burning have reached a tipping point. So energy production may have to shrink. Better AWE (such as more efficient planes, high speed electric trains, photovoltaic electricity) may compensate for this enough. Or not.

To get out of the deepening depression the world is entering, we need a jump in Industrial Index. Why? For the same reason as imperial Rome needed one: the resources accessible with deployed technology are getting exhausted (the case of Rome, and also our case). Solution: new technology, with a higher II, thus capable with greater energy to reach further resources (say bottom of the ocean nodules or Helium3 on the Moon).

Otherwise we can do like the Romans and wait until we don’t even have the resources to conduct war. By the way, India and China have understood this, and their policies are axed around augmenting the Industrial Index. Whereas, stupidly, in the West some have claimed we have reached the “post-industrial age”. Apparently that means that the factories are in China.

We are also experiencing a problem that Rome did not have, namely the collapse of the biosphere.

A greater II means a greater massive energy source. There is one, and only one. It’s energy intensity is a million times greater than fossil fuels.
So start a crash program to make high temperatures (hence high efficiency) thorium reactors (the radioactive waste of that energy type is neglectable). They would give massive amounts of clean base energy.
India and China have them, but the West has more capital and expertise at the ready. Maybe Japan can show the way? (Japan needs energy but not 1950 tech Uranium 235/Plutonium plants, which are too polluting and dangerous.)

By all means, pursue sustainable energy. But, as it is, for a huge variety of reasons, it stays a sideshow, or an invitation to disaster: watch Germany go coal crazy.

Already in 2008, and before, I explained that “Energy Is the Foundation Of Economy”, and I introduced AWE.

That the USA has chosen a catastrophic energy policy goes according to American historical know-how. War has been good to the American Anglo-Saxon colony. Four centuries of war have brought unending success. The bigger the war, the bigger the success.

India, China, Japan, Europe and even Iran know differently. They know that there are wars that bring extermination rather than satisfaction. The Mongols hesitated to destroy China, and replace it by a steppe (Genghis Khan’s generals had the souls of geoengineers!). Just like Sparta saved Athens at the last moment, so did Genghis with Northern China. Iran and Iraq were not that lucky.

The present leadership of USA believes it will always be lucky, and war is a friend, so the more CO2, mercury, arsenic, coal, oil, gas, and rising, acid, lifeless seas, the better. Well, the Greco-Romans went down that road before. All the way down. In the end, they licked obsequiously the toes of the Franks for the next 15 centuries. That was not so bad, but this time is different; the planet is at stake.

If the USA were truly wise, it would opt to increase the Industrial Index instead of military know-how. The former implies the latter, but not conversely.

This is so true that even the U.S. Navy got it, and tried to conduct war exercises in 2012, using algae fuel. That fuel augments the II, because it produces energy from sun and air. It also sucks the CO2 out of said air (so plants making algae fuel could be fossil fuel plants’ best friend! algae fuel is basically the only method of Carbon Capture that could work significantly). The U.S. Congress, more controlled by plutocracy than the U.S. Navy is, was furious, and tried to block the Navy’s efforts. Funny how everything connects.

The military has long been partial to a higher Industrial Index. The first ‘automobiles’, in the Eighteenth Century, were commissioned by the French military. Earlier than that Middle Ages gunners found that Aristotelitian ballistics were false (physicists abstracted that generations later).

Even earlier Constantinople was saved “Gregian Fire” a long range flame throwing system based on fossil fuels. Gregian Fire allowed the Greco-Romans to beat back Muslim fleets for three centuries, sometimes burning up to 2,000 ships in one battle below Constantinople’s fortifications.
Meanwhile in France three full scale Muslim Arab, Berber and Syrian invasions were beaten back in 30 years, because the Franks succeeded to establish a slight industrial edge, using a number of techniques, from better steel to gigantic war horses, to a nationalization of the Church (to pay for the largest and better trained army since the heydays of Rome).

Plutocracy does not like revolutions, industrial, economic or political: they are all related, all having to do with ideas. All what the plutocrats want is to rule. And the way for them to do that, 2,000 years ago, or now, is by paying no taxes. That the world needs an industrial revolution and a paradigm breaking jump in II(AWE) is of no use to them, just the opposite. What’s good for the world, is not good to those who find their call in other people’s misery.

Ultimately, the industrious disposition of a society depends upon the psychology of its leadership. In a real democracy, that should be that of the People, but “representative” “democracy” often represents the People in name only. And industry is not the call of plutocracy, quite the opposite.

Carnegie himself, the USA’s first billionaire, pointed that out, and advocated, in writing, 50% tax on the rich’s income. Carnegie said that it was so that the rich pay back the society that allowed them to become rich in the first place. Carnegie also advocated confiscatory taxes on inheriting wealth, because, he said, the children of the hyper rich, per their psychological upbringing, are adverse to industry.

So why can’t “democrats” in the USA at least preach the way Carnegie did? Because they are “democrats” in name only?

Patrice Ayme
Work Note: apparently more sophisticated definitions just integrate work, as defined as above exactly, but infinitesimally, along paths.

Measure Note: I am using the word measure in the mathematical analysis sense. So I have equipped civilization, progress, industry and even technology with two measures: II and the more sophisticated II(AWE).
(I chose Industrial Index II, and not Industrial Coefficient to avoid a confusion with IC, Integrated Circuits, a good example of jumping II; besides, II is indeed an index, not a coefficient.)