Victim of Communism

  • 7 Posts
  • 787 Comments
Joined 3 years ago
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Cake day: June 14th, 2023

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  • it’s on Lemmy too.

    Kinda hard to gauge the degree though.

    Are you a bot? Am I a bot? Is anyone reading this or is it all just bots jerking each other off?

    But everyone seems to rather sit on their phones or being plugged into music than to talk to strangers and live your life in the real world.

    I grew up in the 80s.

    People stared at their newspapers/comic books or their Gameboys or had eyes closed listening to head phones or just tried not to make eye contact.

    There was not some golden era when talking to strangers was normal and people were living in the “real” world. Today isn’t nearly as divorced from the past is people like to pretend.



  • Hey, remember that time Aaron Swartz used public APIs and perfectly legal aggregation of information to compile scientific journals in a data set outside the paywall. And he was arrested, prosecuted, and threatened with life in prison until he (allegedly) killed himself?

    Then his original and highly lucrative pet project, Reddit, was mutated into a propaganda factory by the Epstein Class, cannibalized by the Investor Class, and gutted for AI slop by the Tech Sector?


  • What determines whether a bubble pops or not is not logic but rather belief

    Well… there’s harder economic realities that people eventually bump into. And that shapes belief in the credit markets and the investment banks.

    For instance, Greenspan hiking interest rates from 2006 to 2008 was what put Lehman Brothers and Bear Sterns under pressure to cover an escalating interest payment. When they began to default, all their creditors panicked (justifiably) and began withholding shorter term lending. And that accelerated the collapse. But because of the network of interbank lending, Lehman tugged on the strings of Goldman, WellsFargo, BoA, JP Morgan…

    It wasn’t just vibes. There was a material credit crisis resulting in Bear Sterns - specifically - not having enough money in the till to pay its credit notes. And because everyone was so highly leveraged, there was a real accountable cascade of defaults.

    In theory, bigger institutions could have backstopped the slide by offering even more generous credit terms (which is what the Federal Reserve / US Treasury ultimately did). The “vibes” part was the risk/reward analysis. Everyone could see the looming risk. Relatively few executives could conceive of the long-term consequences of a collective bank run.






  • You could have a heroic doctor but nobody’s full time job is ‘hero’.

    Anyone who is regularly engaged in heroics would be a full-time hero, in the same way that anyone engaged in full time medical practice would be a doctor. In Snowden’s case, he effectively quite his job at Booze-Allen and became an advocate for dismantling of the surveillance state effectively full-time. He stopped drawing a salary as an intelligence analyst and focused all his time on assembling, distributing, and propagandizing the nature of the PRISM program and the need to end it.

    A hero is a term that’s useful in a novel but some people wanna cosplay

    It’s a term that is used to describe an individual engaged in a heroic effort on a sustained basis. To your point, you could easily describe a Doctors Without Borders volunteer or a volunteer firefighter as a hero-as-full-time-job. Depending on your ideology and the individual’s circumstances, you could also describe a civil rights advocate or a military operative or a journalist as a hero.

    It’s a weak descriptor, because just calling someone a “hero” doesn’t explain their heroic status. Whereas, calling someone a doctor pretty clearly illustrates how they’re (presumably) spending their time. But “Hero Journalist” definitely conjures an image that is different than “Paparazzi Journalist”.