It doesn’t happen often, but this time have to give cudos to “a classic” (very conservative, not very revolutionary thinking) economist Hans Werner von Sinn:
“Take care of yourselves. Don’t believe that the state can do it. The state will be hopelessly overwhelmed with the socio-political tasks. Social security systems are not in a position to continue the development of living standards as we are used to. The sooner everyone realizes this, the more they will take precautions for the later years of life.”
The economics professor advises young people to not to wait too long for thinking about having kids and to concentrate on traditional family images.
“Family cohesion (families working WITH instead of AGAINST each other) will become increasingly important in view of the difficulties of the state,” Sinn explained.
“Some say that the ECB did not cause the price increases, so it does not have to do anything about it. One cannot argue more wrongly, because the mandate does not focus on the causes of inflation, but on the possibilities of combating it,” the ex-ifo boss continued
…. but not to endanger the 0% financed real estate bubble, where banks sell thousands of vacant buildings in Munich in a circle, IMF-ECB-La Guarde (“The Guardian” (of the banks)) does – nothing.
“And they consist of interest rate hikes.” In addition, the monetary authority is not entirely innocent of the high inflation rate. With its bond-buying program, the ECB is partly responsible for rising prices, as government securities were purchased with fresh central bank money. Low interest rates have thus encouraged indebtedness, according to Sinn.
The fact that the ECB has not yet heralded the interest rate turnaround, even though the US Federal Reserve raised the key interest rate by 0.25 percentage points in March, also creates an imbalance in international trade. As a result of the ECB’s inaction, the euro has been significantly devalued, which automatically leads to higher import prices – including in the energy sector.
… unfortunately, nature decided, out of biodiversity reasons (make every individual an individual = very different from his brothers & sisters, in order to ensure that “at least one” will survive, fast changing circumstances (economic crisis, war, famine, climate change, meteoroids… u name it)
So sisters and brothers are by the design of nature – very different – thus having (sometimes) hard times – understanding each other – getting along with each other.
But IF they manage to accept each other – (and if it’s only by living next door, but never speaking to each other X-D) – things might work out.
Capitalism actually increased that acceptance problem, with some 1 to 10% doing very well (often) at the expense of the 90% (who pay their taxes) – WHILE looking down on the 90% as “bummers”.
the downfall of the middle class, is the downfall of families
or in other worlds: who want’s to put kid’s in a fu**ed up (non sustainable = it is going to end) world? (nobody)
Question: Is it any wonder – that in a system – that was not built for man, but for money “around money”, man will soon no longer appear?
I am not surprised (unfortunately).
So when “the system” – betrayed the middle class – because of lobbyism by the money of the top 10% (that sometimes “think” they are the “middle class”) – it “programmed” society – for the downfall of the middle-class (who to steal from? nothing to steal from the poor?) and the downfall of families.
It’s as simple as that.
And turning back the time – won’t help.
It won’t help driving old gas guzzling cars that need a portion of lead in the gasoline to actually function correctly.
There is only one way: forward. Into a sustainable economy that serves all. The sooner the super-rich realize this – the better. (but they will want to preserve the status quo until the very end (death)… so it’s a uphill battle for everyone else)
crisis as chance for transformation:
central banks have to be put under democratic rule – this way or another – it is inacceptable – that the central banks serve only the private banks.
globalization is dead – good – so we can start produce locally and FRESH again 🙂 = more jobs, but who is going to finance those jobs? surely not the existing broken system of corrupt banks.
So what is the difference between humans and animals?
Imho humans (should be able) to learn faster than other species.
So these are the two things everyone HAS to believe in:
humans can learn
according to Bregman animals learn too, but humans are the best at “social” learning (aka learning from each other!!! the internet, youtube, a giant learning-from-each-other-machine?)
humans can be civilized
With those two believes, come two questions:
Q1: no civilized rule set ever was perfect, who is in charge for improving it? (hopefully not the incompetent & corrupt?)
Q2: will humans learn fast enough to escape “the great filters” of evolution, aka prevent disasters from happening, with unrestricted CAPITALISM CLEARLY NOT INCENTIVIZING = PREVENTING LEARNING & super (with exceptions) rich & the banks do not feel responsible for the survival of their own species…?
SHOULD the incentives of EVERY system be placed on maximum survivability of the species = maximum sustainability of lifestyles?
Would it be UTTER stupidity to NOT do that? (yes)
Bregman & The Neaderthals
Mr Bregman makes COMPLETELY FALSE ASSUMPTIONS, that a bigger brain, would equal to more intelligence.
On average: women have smaller brains, are they less intelligent?
No: ‘”Just like with height, there is a pretty substantial difference between males and females in brain volume, but this doesn’t translate into a difference in cognitive performance,” Nave says.’ (labroots.com)
If that was true, the “sperm wale” (having the biggest brain of all animals), would already have build a swimming pool on Mars.
What can not be ruled out, is that the “evilness” of homo sapiens accelerated the extinction of the Neanderthals.
BUT there might also been partnerships between them.
“results of a 2010 project to map the Neanderthal genome showed that 1% to 4% of Middle Eastern and European DNA is Neanderthal DNA” (shortform.com)
“Neanderthals were fairly specialized to hunt large, Ice Age animals.”
“But sometimes being specialized isn’t such a good strategy.”
“When climates changed and some of those animals went extinct, the Neanderthals may have been more vulnerable to starvation.” (si.edu)
Assumption: While homo sapiens (probably) was here and there in conflict with the Neanderthals, imho homo sapiens was not the deciding factor when it comes to extinction of this species.
Same as the mammoth, the neanderthals (probably) fell victim of:
(too fast) changing climate/environment
not being able to adapt fast enough
… with ever faster climate change, a dire situation, homo sapiens will have to face too.
During the time of the Dinosaurs, there were no homo sapiens (so this time can’t blame them)
Dinosaurs had no capitalism and clearly did not a good job at
early detecting asteroids
early redirecting (pushing away) asteroids
Mankind could do better, but will it do it?
Because what is for sure: if mankind sees a crisis coming, and does nothing, everyone can see that chances of survival for mankind are not great.
Right now the evolution of technology is remarkable, but what has not kept up is the evolution of inter-human civilization in the sense of a civilized living together – sustainably (non-sustainable means: it is going to end).
Settling on Mars will be a hard thing to do, especially if not a lot more of the 1% invest into
making earth a better place
even if Elon & Bezos think they can do it on their own, even with unlimited money, it will be VERY hard for them to make Mars a place where humans can breathe.
The super rich 1% do not live in a complete vacuum,
they too depend on a functional society
a nation with roads without holes …
a society that is NOT in a civil war like state
a society, where everyone rich & poor can feel save, (or even better, where there is a strong middle class) that does not rob & kidnap rich people on a daily basis (as it is already happening in countries such as Brazil… where children of the better-off will have to drive in bullet-proof jeeps through various checkpoints to kindergarden… it takes 30min (!!!) just to pass all checkpoints, #what #the #serious #fuck?,
a company ALWAYS reports a loss, in those countries with high tax rate, to avoid tax (it is THE oldest tax avoidance trick in history)
if the loss is a real loss or just a fake loss (that can be artificially created by let’s say a sub-company – registered in a tax heaven, that charges the mother-company “license fees” (or whatever) – will OF COURSE artificially reduce the net income of the mother company) SHOULD be visible in the stock price of that company
hopefully mankind can learn fast enough, to get out of these systemic self destructive systems trap… not learning is unsustainable in the sense, that “it will end” (all of it)
gov laws like software development?: garbage collection for laws?
ok some rules clearly make no sense (some are from 1936 and definately need a rethinking).
Also Elon is right, when he says, there needs some sort of “garbage” collection of laws, otherwise, law is cluttered with laws that either make no sense or tie down everyone until nobody can do anything (because everything is forbidden).
BUT: the major problem is like with an old software system like MS DOS.
Can it be reformed? (very hard)
Or: (depending if the mess can be reformed, sometimes it might be better to “start from scratch”)
As with in software development: a list of cases needs to be kept, to test, if the new system can handle them all and better.
PS: Mr Bregman, rather than writing books, what about writing a blog?
Because: A paperback book that contains errors, is much harder to update, than a blog post. (also printing books wastes resources).
(it SHOULD be enough to instead of printing out the whole internet, just every once in a while protect it against mass extinction events with backups to M-DISCs that are then stored in a fire proof vault).
“According to Millenniata, the U.S. Naval Air Warfare Center Weapons Division of the U.S. Department of Defense found that M-DISC DVDs are much more durable than conventional DVDs. “The discs were subject to the following test conditions in the environmental chamber: 85 °C (185 °F), 85% relative humidity (conditions specified in ECMA-379) and full-spectrum light“.“