Look, we are shareholders, but I showed how so much of the value generated by increased productivity never reaches listed companies, let alone their dividends. THAT is the key argument
In the US, public and private pension funds directly hold about US$9.9trn of corporate equities, out of US$83trn of the publicly traded market (ignoring non-public wealth extraction which I also mentioned). That is…
The problem is, if you deviate too far from the index, your head is on the chopping block. There is no incentive to outperform the index, and every incentive to not meaningfully underperform it. Anyone bought into an…
fine, strip out the words "surplus value" and "reasonable" if they truly blind you to the point. Let's say, "If we had a tax system that captured a greater share of the increase in profits resulting from higher…
I'd be in line to buy today!
I was going to be glib and say "a thimbleful" but let's really look at it. Firstly, pension funds hold some share of stocks, but far from all. Second, pension funds hold a share of a pie that's not all that came out of…
You've been told a lie. Productivity has increased every step of the way even as populations shrink and the elderly cohort grows. Most of those productivity gains, i.e. the added value produced by each worker, has gone…
If they (and the rest of us for that matter) weren't burning so much of it, there'd be more left over for other uses. (with the obvious caveat that less demand means less production, which would mean there wouldn't be a…
I was a dedicated Claude user but in March/April I started using GPT5.5 on a new project that Claude had tried and failed to execute successfully. GPT knocked it out of the park, and was able to do it within my…
The only way that'll happen is if deep-pocketed corporate buyers exit the market almost entirely, and therefore stop being the highest-available bidder. Even in a scenario where it's obvious to everyone that…
Maybe it's bad to let people bet on anything, huh
This was news to me. Very sad news indeed. I see now they were bought by Canva. That explains it...
Yes, looking at things from the same angle every time and not really representing the alternative view is indeed a crusade
_Something_ motivates them, though. They have been on a wild anti-solar bend the last year or more. Dozens of articles, all with the same anti-solar NIMBY bent
The Guardian continues its anti-solar crusade. For some inexplicable reason
I'm using the drives, not hoarding them, so normal wear and tear is likely to be a problem before helium depletion enters the picture
Considering my helium-filled hard drives a strategic reserve now
[dead]
For this particular person, the inordinate factor is not the frequency of flights, but the distance: 40 flights in 2019, mostly from the US to Austria via Frankfurt. Now, there are some jobs that really do require such…
Couple of things: 1) NO ONE is suggesting any one forego flying altogether, or skipping their once-a-year overseas vacation or periodic family visit. 2) THIS level of flying is not normal and is exactly the kind of…
"Do 99% of city-builder players care what shape the corner radius of the intersection has? Most likely, no." Finally, I am part of the 1%!
>Danish and Norwegian are not linguistically Germanic Where do you get that notion? My education (and some googling to refresh my memory) has Norwegian, Swedish and Danish classed as "North Germanic" according to…
It’s funny but it’s still AI slop. It also loves to add electrical boxes everywhere
Second the Cambridge Centre for Computing History
Well, you CAN, yes, but then nobody knows what the hell you're talking about and at that point why should we even care
Look, we are shareholders, but I showed how so much of the value generated by increased productivity never reaches listed companies, let alone their dividends. THAT is the key argument
In the US, public and private pension funds directly hold about US$9.9trn of corporate equities, out of US$83trn of the publicly traded market (ignoring non-public wealth extraction which I also mentioned). That is…
The problem is, if you deviate too far from the index, your head is on the chopping block. There is no incentive to outperform the index, and every incentive to not meaningfully underperform it. Anyone bought into an…
fine, strip out the words "surplus value" and "reasonable" if they truly blind you to the point. Let's say, "If we had a tax system that captured a greater share of the increase in profits resulting from higher…
I'd be in line to buy today!
I was going to be glib and say "a thimbleful" but let's really look at it. Firstly, pension funds hold some share of stocks, but far from all. Second, pension funds hold a share of a pie that's not all that came out of…
You've been told a lie. Productivity has increased every step of the way even as populations shrink and the elderly cohort grows. Most of those productivity gains, i.e. the added value produced by each worker, has gone…
If they (and the rest of us for that matter) weren't burning so much of it, there'd be more left over for other uses. (with the obvious caveat that less demand means less production, which would mean there wouldn't be a…
I was a dedicated Claude user but in March/April I started using GPT5.5 on a new project that Claude had tried and failed to execute successfully. GPT knocked it out of the park, and was able to do it within my…
The only way that'll happen is if deep-pocketed corporate buyers exit the market almost entirely, and therefore stop being the highest-available bidder. Even in a scenario where it's obvious to everyone that…
Maybe it's bad to let people bet on anything, huh
This was news to me. Very sad news indeed. I see now they were bought by Canva. That explains it...
Yes, looking at things from the same angle every time and not really representing the alternative view is indeed a crusade
_Something_ motivates them, though. They have been on a wild anti-solar bend the last year or more. Dozens of articles, all with the same anti-solar NIMBY bent
The Guardian continues its anti-solar crusade. For some inexplicable reason
I'm using the drives, not hoarding them, so normal wear and tear is likely to be a problem before helium depletion enters the picture
Considering my helium-filled hard drives a strategic reserve now
[dead]
For this particular person, the inordinate factor is not the frequency of flights, but the distance: 40 flights in 2019, mostly from the US to Austria via Frankfurt. Now, there are some jobs that really do require such…
Couple of things: 1) NO ONE is suggesting any one forego flying altogether, or skipping their once-a-year overseas vacation or periodic family visit. 2) THIS level of flying is not normal and is exactly the kind of…
"Do 99% of city-builder players care what shape the corner radius of the intersection has? Most likely, no." Finally, I am part of the 1%!
>Danish and Norwegian are not linguistically Germanic Where do you get that notion? My education (and some googling to refresh my memory) has Norwegian, Swedish and Danish classed as "North Germanic" according to…
It’s funny but it’s still AI slop. It also loves to add electrical boxes everywhere
Second the Cambridge Centre for Computing History
Well, you CAN, yes, but then nobody knows what the hell you're talking about and at that point why should we even care