royaltheartist | 4 years ago | on: How we broke the supply chain
Ahh ha, this is like when I say a Scotsman was rude to me and someone else informs me that it must not have been a true Scotsman, then
royaltheartist's comments
royaltheartist | 4 years ago | on: The strangely successful history of people mailing themselves in boxes (2015)
He mailed himself successfully in that song. It was the opening of the box where things went wrong
royaltheartist | 4 years ago | on: Bitcoin: Addressing the Ponzi Scheme Characterization
Luckily if the monetary worth of Bitcoin fails, it still has intrinsic value for all of its many uses, such as:
royaltheartist | 4 years ago | on: Unvaccinated workers who lose jobs ineligible for unemployment benefits (Canada)
The case rate among unvaccinated can be up to 18 times higher than the vaccinated, even in areas where the vaccination rate is close to 75% https://www.doh.wa.gov/Portals/1/Documents/1600/coronavirus/...
The vaccines reduce contraction, transmission and severity
royaltheartist | 4 years ago | on: The Third Web
I see it less as some revolutionary moment or great sea change but more that people who already have and control wealth can move things in a direction that benefits them regardless of whether the rest of us will benefit or even care
royaltheartist | 4 years ago | on: TheNFTbay.org – The Billion Dollar Torrent (All NFT's from Ethereum and Solana)
Noticing a lot of takes on here that are side-stepping the "You don't actually own anything" part to suddenly focus on community buildings, as if a community has formed on the basis of receipt collection
royaltheartist | 5 years ago | on: Ask HN: Anyone know any funny programming jokes?
Did you know that Javascript programmers are giving up double quote strings for Lint?
royaltheartist | 5 years ago | on: Elite do-gooders 'fixing' the world are part of the problem: Giridharadas
Let me answer your question:
Yes, the richest person on earth is absolutely to blame for the decisions he makes to hold on to his own power and wealth. Hope that clears things up
royaltheartist | 5 years ago | on: Elite do-gooders 'fixing' the world are part of the problem: Giridharadas
Incomes went up only for the unemployed who got the $600/week unemployment benefit, which just expired. And that's just for the pandemic. Real wages, the actual value of one's wages relative to the expenses in costs in society, have been in a decline since the 80s. Yet, the wealthy have come to control more and more wealth.
This isn't some ax to grind. This is life under a system where the wealthy rule and the rest of us have no choice but to work for them or starve.
royaltheartist | 5 years ago | on: Elite do-gooders 'fixing' the world are part of the problem: Giridharadas
The system we live in is one in which everything is in the control of the elites. Who makes all the decisions about technology? The CEOs of massive tech firms. Who makes all the political decisions in government? To a person almost exclusively the rich, those who hoard capital.
royaltheartist | 5 years ago | on: Elite do-gooders 'fixing' the world are part of the problem: Giridharadas
Have you seen the footage coming out Chicago, New York and Portland of police beating people in the streets? You might want to ask what country is putting the jackboot on people's necks to maintain social order
royaltheartist | 5 years ago | on: Elite do-gooders 'fixing' the world are part of the problem: Giridharadas
Any system which allows for communal control of the means of production and for people to make economic and political decisions for themselves.
royaltheartist | 5 years ago | on: Elite do-gooders 'fixing' the world are part of the problem: Giridharadas
Well, the shorter answer is that ownership and control of capital is where their power derives from. Thus, they get to make the decisions of how wealth is distributed, and it mostly benefits themselves
royaltheartist | 5 years ago | on: Elite do-gooders 'fixing' the world are part of the problem: Giridharadas
Compared to the wealthy who have enriched themselves
royaltheartist | 5 years ago | on: Elite do-gooders 'fixing' the world are part of the problem: Giridharadas
The stock market did not go up because of the increase in people's incomes. It went up because of several trillion dollars worth of cash injections from the Federal Bank. For everyone else, unemployment has pushed to 10% on the low end and I'll repeat the part about 40 million people looking at evictions by the end of the year.
And "rich people usually get rich through capital markets" is just a fancy of way of saying they have ownership of everything and profit off of other peoples's labor
royaltheartist | 5 years ago | on: Elite do-gooders 'fixing' the world are part of the problem: Giridharadas
Weird how the people with all the power also have all the wealth. Must be a coincidence.
royaltheartist | 5 years ago | on: Elite do-gooders 'fixing' the world are part of the problem: Giridharadas
The rich have control of the political system and constantly pass and enforce legislation that benefits them. Weird.
royaltheartist | 5 years ago | on: Elite do-gooders 'fixing' the world are part of the problem: Giridharadas
40 million people are on track to being evicted in one of the biggest economic downturns in history. Except, the wealthy just got even more wealthy.
This system is a failure for everyone that isn't in the 1%
royaltheartist | 5 years ago | on: Elite do-gooders 'fixing' the world are part of the problem: Giridharadas
Those are political decisions.
royaltheartist | 5 years ago | on: Remote work means anyone can take your job
Nobody ever "takes" anyone else's job. Management makes the decision to fire some workers and hire others to save costs. And they'll keep doing this to save more and more money.
As long as every company is driven by their rapacious desire for profit, they will continue to screw over workers to net more for themselves. Thinking in terms of another worker taking something from you lets the decisions of those above you off the hook.