Betwixed and between

  • 473 Posts
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Joined 3 years ago
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Cake day: March 14th, 2023

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  • temporarily tank and in turn make it very difficult of the US to issue new ones, which they depend on to finance their huge deficit.

    Which is irrelevant, just QE and the Fed buys new debt off Treasury, also, just issue it with a 0% coupon rate, so no interest… this is exactly what Japan has done with the Yen for decades. Then only issue after that is inflation.

    The current US debt can’t be paid back, it’s too big, holding more debt in that context is irrelevant.










  • I honestly believe the answer to that is capitalism.

    I don’t agree, all hierarchical societies collapse from within; Egypt, Rome, Khmer, Inca, Greek, Roman, British, USSR, Babylonian and on amd on and we’re witnessing the collapse of the USA

    The issue isnt capatislim it’s inequality. If you have inequality you will fail, every… single … time. The ONLY societies who haven’t are equal ones. Eg the Australian Aboriginal societies lasted over 60,000 years, the African Bushman lasted 150,000 years. Their collapse only comes about from outside force changing how they lived If your metric is time, resilience and a livable biospbere, then these are breathtakingly successful societies.

    https://aeon.co/essays/why-inequality-bothers-people-more-than-poverty

    Most remarkably, his research revealed that the Ju/’hoansi managed this on the basis of little more than 15 hours’ work per week. On the strength of this finding, the anthropologist Marshall Sahlins in Stone Age Economics (1972) renamed hunter-gatherers ‘the original affluent society’.

    This research also revealed that the Ju/’hoansi were able to make a good living from a sparse environment because they cared little for private property and, above all, were ‘fiercely egalitarian’, as Lee put it. It showed that the Ju/’hoansi had no formalised leadership institutions, no formal hierarchies; men and women enjoyed equal decision-making powers; children played largely noncompetitive games in mixed age groups; and the elderly, while treated with great affection, were not afforded any special status or privileges. This research also demonstrated how the Ju/’hoansi’s ‘fierce egalitarianism’ underwrote their affluence. For it was their egalitarianism that ensured that no-one bothered accumulating wealth and simultaneously enabled limited resources to flow organically through communities,

    There are no solutions that don’t involve removal of inequality. Everything else is just kicking the can down the road.





  • I think the most valuable thing we can do for the fediverse is to contibute by posting in communities we care about

    I saw this same thought posted about 2 weeks ago and it made me realise I posted lfew replies and scrolled a lot. That person suggested if people see a post with zero responses they likely scroll past (myslef included) but even if the post has 2 or 3 responses, people will be more likely to perhaps engage

    I now respond more, even if like this response, it’s just a +1 type response.