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The Coming Financial Disruption

The Coming Financial Disruption thumbnail

From the late 1700’s through the 1800’s the first industrial revolution brought immense benefits to the average Jack. Mass production of textiles, transportation, food, and beer meant that it was no longer just Lords and Ladies that could afford to get hammered.

Indeed, Jack and Jill too could fall down the hill after getting plastered without breaking the bank.

Those with capital owned the means of production. Stuff like mines, railroads, steel factories, and so forth as well as workers were paid to work the machines.

It was the machines which were valuable. And since they were immensely costly the power largely lay with the Lords and Ladies who had the capital available to purchase the machines.

Jack and Jill’s contribution, relative to the cost of the infrastructure such as mines, etc. was relatively small. The value assigned to the contributing parts looked something like this:

Very rough non-statistical representation for illustrative purposes. Dear quants, don’t get your knickers in a knot if not exact.

In a nutshell, life for Jack and Jill (labour/skill component), while better than pre industrial revolution, kinda sucked. Labour was expendable. Literally. Don’t believe me? Pick up a history book on the era. Nasty!

The second industrial revolution (also known as the technological revolution), which took place between the end of the 19th and beginning of the 20th century meant the Jack and Jill now had, amongst other things, electricity. This also meant they had lighting and telephones, and so now Jill could not only see Jack getting plastered at night but no longer had to wait 3 weeks to tell her mother all about it in a hand delivered letter but could pick up the phone and complain immediately about the drunken debauchery, too.

Wonderful stuff and certainly revolutionary. But like the first industrial revolution, it was still predicated on fairly expensive machinery. As such, those who had capital enjoyed the majority of the wealth. The Lords, Barrons, and so forth still had the upper hand.

The value pie looked a bit more like this:

And again… very rough non-statistical representation for illustrative purposes. Dear quants, don’t get your knickers in a knot if not exact.

The digital revolution, which started somewhere around the 1950’s, ushered in digital record keeping, computers, and finally provided the ability for Jack and Jill to watch drunk Russians falling over on Youtube, tell their friends on Facebook they’re just going to the loo, and upload pictures of their kids that nobody will ever look at… ever.

Importantly, the greatest component of value no longer lay in some unattainable (for Jack and Jill) expensive machinery. The cost of these “new” machines have fallen every day since, allowing more and more Jacks and Jills to attain a greater share of the pie.

The functions which could be performed with the new technology allowed for entire industries to be built, and with much less capital than in the first two industrial revolutions.

Labour and skills have become more valuable relative to the other components ever since.

Take a look at the most valuable companies in the world, and you’ll notice that within the ranks are companies which were started with close to zero capital. The idea and the skills to implement the idea were clearly far more valuable than any of the machinery or “hard assets” which form part of the business. Alphabet, Apple, Facebook, Alibaba – you get the picture.

The value pie looks a lot more like this:

The entire capitalist system has been undergoing these changes over time.

As the cost of labour has risen, so, too, have the parasites which leech off this component. In the early industrial revolution it was easy: tax the factories. Fixed assets could be seized for unpaid taxes and the parasites authorities could steal tax accordingly.

As the value pie changed with the labour/skill component being more valuable we saw taxation shift towards income tax and a host of obligations layered on business owners. Employee benefit schemes, healthcare plans, social security scams plans, etc.

Here’s What’s Coming Next

An entirely new structure whereby every value component of a business is tied to an outcome via smart contracts, and, instead of “from each according to his ability, to each according to his need” as that lunatic Marx wanted, we will have “from each according to his contribution”.

We’ve slowly been moving towards this rewards function for some time.

Things such as option pools for employees, vesting of equity based on hurdles being met, bonus pools, and so on but it wasn’t until blockchain technology arrived that we have had an entire architecture allowing for an entire contribution based economy to be built.

And if you think this is a bunch of mumbo jumbo bollocks then call me in 10 years time when your employment contract is being coded in a smart contract and you’re being paid in a digital currency that is directly tied to the outcomes of your work and the business you’re working for. A world where you’re rewarded for the products you buy (with a stake of ownership claim) and where you have a vested (literally) interest in the social media platforms you use.

Doubt me? It’s already happening.

The anonymous messaging service KIK is doing just that. They’re converting all of their VC funding which includes funding of $50m from Chinese internet giant Tencent into a cryptocurrency called Kin. Not only is this cryptocurrency clearly equity or quasi equity, the currency is being used to reward not only owners but developers and consumers.

In their own words:

“Kik is introducing an open source cryptographic token, named Kin, which is envisioned as a general purpose cryptocurrency for use in everyday digital services such as chat, social media, and payments.

 

 

Kin will be the unit of account for all economic transactions within the Kin Ecosystem, and it will serve as the basis of interoperability with other digital services. In character, Kin is a pure cryptocurrency of fixed supply. It is fractionally divisible and long-term noninflationary.

 

 

However, as described below, only a small portion of the Kin supply will become liquid in the near future, as most of the Kin supply is reserved for the Kin Rewards Engine. Like other cryptocurrencies, units of Kin are fungible and transferable, and they will be expected to trade on cryptocurrency exchanges.”

Here’s Kin’s website and for those of us who experience brain orgasms from revolutionary disruptive problem solving concepts go read the Kin whitepaper.

The internet, which is as good a metaphor as any other, is as much a collection of technologies as it is a collection of communities. The bones of it were built with DARPA and it was in 1980 that TCP/IP was adopted as the standard. in other words, it took a long time to get to what we have today.

But hell, here we are nearly 40 years later, and though I still can’t figure out how my toaster makes such crunchy lovely toast, what’s really changed my life is the internet. And I bet you this: not one person, even those who were building the pieces, could have envisaged what it would look like.

Today, blockchain technology is still considered by many to be solely for people who think it’s safe to let their children play with electricity (i.e. mad people).

Now, I’ve even tried to explain how revolutionary this is to my wife but she hit me over the head with a rolled up newspaper, and so instead I’m going to try my luck on you my readers.

Mark my words, this is going to have a similar impact to that of the internet and its implications threaten to be much broader and potentially more disruptive than even our wildest imaginations might be after a bottle of Kalashnikov vodka on an empty stomach. And yes, because the pie is going to change, taxation, too, is going to change.

– Chris

“If you want to succeed you should strike out on new paths, rather than travel the worn paths of accepted success.”  — JD Rockefeller

CapitalistExploits.at



50 Comments on "The Coming Financial Disruption"

  1. Makati1 on Thu, 3rd Aug 2017 8:25 am 

    Sounds like another techie who believes that the internet is forever. LMAO

  2. MASTERMIND on Thu, 3rd Aug 2017 8:35 am 

    Makati1

    Most in Silicon Valley suffer from a disease called “Irrational Exuberance” and another one called “Braggadocio”.

  3. Cloggie on Thu, 3rd Aug 2017 9:19 am 

    Sounds like another techie who believes that the internet is forever. LMAO

    Hate to break it to you, but it is for ever, in as much anything is for ever in the human world.

    Total energy budget internet, including embodied energy in all these servers, routers and billions of client gadgets: 1-2%

    https://deepresource.wordpress.com/2012/08/16/energy-requirements-of-the-internet/

    https://deepresource.wordpress.com/2012/06/02/1436/

    https://deepresource.wordpress.com/2013/06/09/tablet-energy-considerations/

    The internet has the potential to eliminate much of the commuting, if we can break the habit of jumping in our cars every morning to drive to work, rather than switch on the computer at home or walk to a local community office.

    It is illustrated here:

    https://www.youtube.com/watch?v=FaSb3VV6BF8

    In the old days, talkshow guests had to be driven/jetted to the studio, where today people can stay where they are and still communicate and even disperse the message via the cable, globally. Greg Hunter operates from Missouri, Roberts (I would guess) from Georgia.

    Skype-like solutions can very well also serve as a company communication device, for a highly geographically distributed work force, eliminating a lot of superfluous commuting. It is mainly a change of habits, the most difficult thing in the world.

  4. AM on Thu, 3rd Aug 2017 9:31 am 

    maktard at this age you should pick a direction. you post your stupid diatribe using a computer and at teh same time you’re against it.

    this is my evolution

    paultardism
    bill joyism
    winston smith
    reborn catholism (after ron paul, i considered myself the second most religious man in america)

    now i believe machines, thoughts area all we have. of course they’re never good enough but we can always try.

    no i’m not saying religion is bad. but i believe women should enlist and kill their way out of poverty. they can kill the extremist tard preachers

  5. Outcast_Searcher on Thu, 3rd Aug 2017 10:16 am 

    Digital currencies won’t be mainstream until the tax man (govt.) is DAMN sure they can keep control of tracking things and get their tax revenue.

    And if you doubt that, do you really think the current system can convert to an anarchic system with no taxation in only a decade? That doesn’t pass the laugh test, expect for the “doom is next month, every month” crowd.

    A decent look at the overall historical trend re the value components of production. If the author could calm down a bit on the hyperbole, he’s capable of producing a decent article on a complex subject.

    Oh, and sadly, the majority are coming to favor the Marxian view that people should magically get what they “need” (i.e. want), regardless of what they produce, as though the universe cares. And as though that system could last in today’s world.

  6. sidzepp on Thu, 3rd Aug 2017 11:11 am 

    Sure Cloggie, the tech crowd is going to lead us to paradise the same way that Jim Jones led his followers.
    We have an economic system that is built on the exploitation of resources and the people that run that machine have no desire to see anything else replace it. The developed world will continue to exploit the not-so-developed world.

    The west which is experiencing a negative population increase and dependent on the refugees of the third world to do the dirty work will find themselves in the next twenty years either moving towards a Caliphate or moving the opposite direction towards a tyrant who will make Adolf look like a boy scout

  7. Go Speed Racer on Thu, 3rd Aug 2017 11:12 am 

    There is a brand new Ponzai pyramid scam that’s
    now spreading. It’s not Amway.

    It is crowd-funded bitcoin. People are running around
    asking their friends, and their friends friends, to
    invest.

    It’s an interesting new pyramid and this article
    smelled similar to bitcoin. Otherwise a useless
    collection of words that doesn’t belong on Peakoil.

  8. sidzepp on Thu, 3rd Aug 2017 11:54 am 

    The birth of modern technology came in the mid eighteenth century with the development of the steam engine. As inventors began to develop and apply this new technology to the world the results filtered into warfare.

    Where war has always been a part of the human experience, probably evolved when the first humanoid picked up a rock and conked his neighbor on the head to take his hides, warfare was generally limited to how long one could sustain an army on the field.

    With the advent of technology we find Napoleon ushering in the age of modern warfare. The new technologies were still in their infancy and the emperor found his grand army of 600,000 all but annihilated in Russia.

    Jump ahead fifty years to Bull Run (Or Manassas, if you prefer) and we find opponents using strategies developed during the Napoleonic era, with disastrous results. By the end of the war technology began to dominate the war and new strategies would need to be developed.

    The Civil War was a precursor to the “War to end all Wars” and again we see the use of technology to kill more of your enemy more quickly.

    Then we get the sequel in 1939 and we find a war that left very few parts of the globe untouched. Again, technology comes to the rescue and magnifies the death and destruction.

    And where we have had countless proxy wars; Indochina, Algeria, the Middle East, Rwanda, Bosnia, the list goes on ad infintum; we have lived for sixty years under the threat of total annihilation in a matter of hours.

    So let the techies keep up their inventions, there will be some arms supplier out their that will incorporate that technology into new and improved weapon systems to vend to the governments of the world to make their killing machines a more profitable and efficient killing machine.

  9. sidzepp on Thu, 3rd Aug 2017 11:58 am 

    On a brighter not, the hummingbirds are back in the garden. They are my canary in the mine and as long as they return each year it gives some hope. They were two days later and seem a little smaller, but they are back.

  10. MASTERMIND on Thu, 3rd Aug 2017 12:33 pm 

    The US middle class will be extinct by 2035 (Federal Reserve NYC)

    https://imgur.com/a/bSHfJ#04sxw3O

  11. Sissyfuss on Thu, 3rd Aug 2017 1:57 pm 

    Good comments, Sidzepp. The new war tech is killer robots that many countries are developing. Terminators. And my hummingbirds keep coming back but my bees and butterflies are no more. Lost two thirds of my hope so far.

  12. deadlykillerbeaz on Thu, 3rd Aug 2017 2:02 pm 

    The coming ecological disruption.

    That’s more like it.

    Revelle could scarcely present that as a new discovery, for the reactions were all tabulated in data known since the 1930s.(25) But nobody had worked out this particular implication of the data. Greenhouse warming had seemed to nearly all scientists a subject of no practical significance. The few researchers who had looked into it had been interested in the oceans mainly because sea water would absorb CO2 on cooling and evaporate it on warming, which might help explain the famous puzzle of the ice ages. People had accordingly calculated how the CO2 content of water changed with temperature. They had seen no reason to take up the problem, which turned out to be quite different, of calculating how much new CO2 the sea water could absorb at a given temperature.
    Even after Revelle made the calculation, its implications were hard to grasp. When Arnold, visiting Scripps in January 1956, wrote about it to Anderson, his collaborator was skeptical of “Revelle’s idea that 80% of the CO2 added to the atmosphere will stay there” (he pointed to the uncertainties in biomass uptake). Craig too found much uncertainty in such processes, and Revelle’s insight had scant influence on the other two papers when they were published.(26) Even in Revelle’s own paper with Suess, the bulk of the text reflected the pair’s original belief that the oceans were absorbing most of the new CO2. The key paragraph, the one that said seawater needed to absorb only about a tenth as much gas as a simple-minded calculation supposed, stood apart like an isolated thought. In the archives it is visibly an addition, Scotch-taped onto the original draft.(27*)
    Revelle did revise a curve in the paper that he had calculated for the future of atmospheric CO2, finding now that the concentration of the gas should be rising after all. But in this calculation he assumed that industry would emit the gas in future at the same rate as at that time. Few people yet recognized that population and industrialization were shooting up exponentially. So Revelle predicted CO2 would level off, a few centuries hence, with a total increase of 40% or less.

    Different ideas were beginning to stir. The geochemist Harrison Brown in particular was sketching out a more realistic vision of a future with exploding population and industrialization. In 1953, he made what seemed like a radical prediction that world population could reach 6 billion by 2050 (it actually reached that before 2000).(28) Revelle had heard these ideas, and on reflection he understood that industrial emissions were not really constant. Before he sent off the paper he had written with Suess for publication, he added a remark that the accumulation of gas “may become significant during future decades if industrial fuel combustion continues to rise exponentially.”

    By way of conclusion, Revelle remarked that “Human beings are now carrying out a large scale geophysical experiment of a kind that could not have happened in the past nor be reproduced in the future.” When he wrote this sentence, which has since been quoted more than any other statement in the history of global warming, he was not warning against future perils. He did feel some concern about potential harm over the long run, and had begun to point to the problem in public. But the word “experiment” sounded benign and progressive to Revelle as to most scientists, and in this paper he only meant to point out a fascinating opportunity for the study of geophysical processes. People’s attitude toward the rise of CO2, he would write in 1966, “should probably contain more curiosity than apprehension.”

    https://history.aip.org/climate/Revelle.htm

  13. Hello on Thu, 3rd Aug 2017 2:16 pm 

    >>>> and dependent on the refugees of the third world to do the dirty work

    Could not be more wrong than that.

  14. sidzepp on Thu, 3rd Aug 2017 3:11 pm 

    Another reminder for the millions of workers mired in low-paying jobs.

    http://www.msn.com/en-us/money/markets/amazons-giant-jobs-fair-sends-troubling-signal-about-the-economy/ar-AApmFkB?li=BBmkt5R&ocid=spartandhp

  15. Antius on Thu, 3rd Aug 2017 4:47 pm 

    “The west which is experiencing a negative population increase and dependent on the refugees of the third world to do the dirty work will find themselves in the next twenty years either moving towards a Caliphate or moving the opposite direction towards a tyrant who will make Adolf look like a boy scout”

    Given the prospect of the first, I would cheerfully accept the second. Better a sadistic autocrat who is on our side, than an Islamic heathen that wants to annihilate us. I cannot understand why any white person would vote for left-wing regimes that seem intent on breeding white Europeans out of their own homelands. How stupid does a person need to be to vote for their own extinction? How can anyone with children want that?

    Young white women need to forget about careers and instead get married and have children. Supporting my wife and children is the only reason I have a career. It doesn’t help that the vast majority of young women now are not marriage quality. They are all about self-indulgence and self-gratification and have the wrong mindset to be the nucleus of a family. And they generally start putting out in their early teens and have a sexual history by the time they reach marriage age. It is difficult to be enthusiastic with the prospect of marrying a woman like that. I think its a big part of the reason why so few white children are being born now.

  16. MD on Thu, 3rd Aug 2017 5:00 pm 

    simplistic insipid nonsense

  17. Cloggie on Thu, 3rd Aug 2017 5:21 pm 

    May have “slight differences” with Antius regarding energy, but completely agree with his last post.

  18. Makati1 on Thu, 3rd Aug 2017 6:13 pm 

    Antius, It appears that Muslims and dictators is the least of the White man’s problems if this is correct:

    “Researchers reviewed 7,500 studies and conducted meta-regression analysis on 185 studies between 1973 and 2011 to find a 52.4 percent decline in sperm concentration and a 59.3 percent decline in total sperm count in men from North America, Europe, Australia and New Zealand.

    Researchers did not see a significant decline in sperm count in men from South America, Asia and Africa.”

    https://www.upi.com/Health_News/2017/07/25/Study-Significant-decline-in-sperm-counts-in-Western-men/4461501003239/

    Not looking good for Whitey. lol

  19. Makati1 on Thu, 3rd Aug 2017 6:19 pm 

    “Given this record, it is hardly surprising that the United States has long been the nation that is most viewed by people the world over as the greatest threat to peace and security on the planet. This while the imperial homeland’s reigning media and politics culture claims that the United States is an exceptionally noble and democratic force for good and liberty the world over, leaving untold millions of U.S. Americans childishly clueless about the eternally and absurdly asked question: “why oh why do they hate wonderful us?””

    http://www.globalresearch.ca/americas-record-of-murder-and-mayhem-since-1945-some-of-the-worst-hits/5602466

    Waiting for the collapse to take down the U$ and it’s Greed Capitalism.

  20. MASTERMIND on Thu, 3rd Aug 2017 6:26 pm 

    The “Self-Driving Car” is Only an Oxymoron

    How are the potentially driverless cars doing in their testing? Awful. For example, in the first week of March, Uber’s 43 test cars in three states logged some 20,000 miles on public roads. Their drivers had to intervene and take control away from the software, an average of once every mile. Critical interventions, required to save lives and property, were counted separately; they occurred every 200 miles. Which makes your life expectancy, as a passenger in a truly autonomous car, approximately four hours.

    Bottom line: “driverless cars” are not here, and not coming. Like artificial intelligence, virtual reality, genetic engineering and other “next-big-thing” oxymorons, what we’re really talking about here is a high-tech con, designed to separate real morons from their money.

    http://www.dailyimpact.net/2017/08/03/the-self-driving-car-is-only-an-oxymoron/
    Click to EditDelete (59 minutes and 34 seconds)

  21. Antius on Thu, 3rd Aug 2017 6:29 pm 

    Well fortunately Makati, this trend appears to have bottomed out.

    People are choosing not to have children because they are too darn selfish. I am always a little scornful of people in their thirties that don’t have any children. They perform no biological function other than the consumption of oxygen.

  22. MASTERMIND on Thu, 3rd Aug 2017 6:34 pm 

    Limits to growth are not predictions they are scientific models based on computer simulations. They are used in physics, astrophysics, climatology, chemistry, biology, economics, psychology, social science, and engineering.

  23. Makati1 on Thu, 3rd Aug 2017 6:41 pm 

    Antius, you should be grateful for the people who choose to NOT increase the demand on the resources you will need. But, soon, the white race will not be able to have ANY white children if this study is correct. One more generation will do it.

    White women will have to marry into another race (black, brown or yellow) to reproduce. But then, I have always said that the world will be populated by people with permanent tans in a few more generations. IF we last that long.

  24. Sissyfuss on Thu, 3rd Aug 2017 6:44 pm 

    Call me selfish, Antbrain but I chose not to procreate because I observed what overpopulation is doing to the natural world. But a patriarchal putz like you sees a world to be subdued and conquered or else you couldn’t achieve a boner.

  25. Davy on Thu, 3rd Aug 2017 6:52 pm 

    Makat, review what is going on in Asia and bite your tongue. The white race is doing just fine you reverse bigot. The white race is stable. It is healthy in aggregate. It is your Asians that are procreating themselves into oblivion and industrializing themselves into cancer mutants.

  26. MASTERMIND on Thu, 3rd Aug 2017 7:37 pm 

    Makati1

    ‘They Are Slaughtering Us Like Animals’

    Inside President Rodrigo Duterte’s brutal antidrug campaign in the Philippines, our photojournalist documented 57 homicide victims over 35 days.
    https://www.nytimes.com/interactive/2016/12/07/world/asia/rodrigo-duterte-philippines-drugs-killings.html

    Typical Asian Barbarism from a Big brother government because all the Asian people are born with such small dicks they just shut up and take it in the rear!

  27. MASTERMIND on Thu, 3rd Aug 2017 7:39 pm 

    Limits to growth are not “predictions” they are scientific models based on computer simulations. They are used in physics, astrophysics, climatology, chemistry, biology, economics, psychology, social science, and engineering. Simple really….when the World Economy Collapses everything shuts down…the end….we’re talking about grids down all over the world and 7.5B people dropping like f*** flies in short order…The collapse will be absolutely horrible..There is no collapse or horror movie ever produced that has even come close to imagining what the collapse of BAU might look like. I’m talking about every corporation and every social program going bankrupt at once. I’m talking about people eating people. I’m talking about the Worst Catastrophe to ever happen in the history of mankind. Nothing has ever, or will ever come close.

    (MIT Smithsonian Meadows 1972)

    http://imgur.com/a/EwG3T

  28. Apneaman on Thu, 3rd Aug 2017 7:40 pm 

    What’s really driving the global economic crisis is net energy decline
    And there’s no going back. So let’s step into the future.

    By Jonathan Rutherford

    In the fifth contribution to our symposium, ‘Pathways to the Post-Carbon Economy’, Jonathan Rutherford explores the fundamental driver of global economic malaise: not debt; not banks; but a protracted, slow-burn crisis of ‘net energy decline.’
    Cutting through the somewhat stale debate between advocates and critics of ‘peak oil’, Rutherford highlights some of the most interesting and yet little-known scientific literature on the intimate relationship between the global economy and energy.
    Whatever happens with the shift to renewables, he argues, we are moving into an era in which fossil fuels will become increasingly defunct, especially after mid-century.
    The implications for the future of the global economy will not be pretty — but if we face up to it, the transition to more sustainable societies will be all the better for facing reality, rather than continuing with our heads in the sand (or, as per the image above, stuck up the bull’s behind).

    https://medium.com/insurge-intelligence/whats-really-driving-the-global-economic-crisis-is-net-energy-decline-82efb9ca45fe

  29. MASTERMIND on Thu, 3rd Aug 2017 7:54 pm 

    Makati1

    We the Best!
    http://imgur.com/a/4wXkW

  30. boat on Thu, 3rd Aug 2017 8:06 pm 

    antius,

    Your worried about a white race doing the right thing. Think overpopulation by the billions. There are many more whites born now than in 1950, 1900, 1850 etc. Whites still have to many kids. If you must blame, think Muslim. They have the most children per family unit on avg. Climate change will cut the population at some point, Whites will survive disproportionate at a higher rate due to education, skills and tech.

  31. boat on Thu, 3rd Aug 2017 8:16 pm 

    ape,

    Beauty is in the eye of the beholder. I can’t wait to see the first 50 MW turbine. The joy of prepping, living in a turbine. Them thangs will be so big Davy could raise goats.

  32. AM on Thu, 3rd Aug 2017 8:22 pm 

    Mast I had RUN in with druggies and I think killing them is the way to go. Before that i actually had a heart

  33. Apneaman on Thu, 3rd Aug 2017 9:03 pm 

    Antius, I say those who have kids are the selfish ones. Shitting out a little consumer holocaust in the making just so they can score some social standing points with the neighbors and relatives and feel like they have ‘accomplished’ something. The world don’t need anymore stupid babies. Meanwhile any parent with a child under 40 can be damned sure that adult child and their grand children are going to suffer big time. Won’t matter who you are or how much money you think you have – it’s a matter of physics and biology. Hey, but nobody need believe me – almost every prediction I have made over the last 5 years has come true and specifically the ones that are about the ever quickening loss of a biosphere that can support humans.

    Reproducing is the most primitive evolutionary trait there is and it’s shared by all living creatures. Primitive is easy and requires no application of the intellect. Even drooling mental retards can and do procreate.

    Study finds participants feel moral outrage toward those who decide to not have children

    “Summary:

    Data representing individuals from across the United States indicates that US adults are increasingly delaying the decision to have children or forgoing parenthood entirely. Yet evidence suggests that voluntarily child-free people are stigmatized for this decision, according to a study. ”

    https://www.sciencedaily.com/releases/2017/03/170301084924.htm

    Psychologists say your moral outrage is simply self-serving: Expressing your anger at a third party ‘makes you feel less guilty about injustices in the world’

    Voicing your moral outrage may seem like selflessness but it’s really self-serving
    Experts say expressing anger is trying to reinforce that you’re a ‘good person’
    Those who state their outrage feel less personal guilt than those who don’t

    http://www.dailymail.co.uk/health/article-4272716/Psychologists-say-moral-outrage-self-serving.html

    I think the Cancer apes naturally distrust anyone who is not contributing new cells to the tumor.

  34. Makati1 on Thu, 3rd Aug 2017 10:25 pm 

    “Geopolitical Tensions Are Designed To Distract The Public From Economic Decline”

    http://www.zerohedge.com/news/2017-08-03/geopolitical-tensions-are-designed-distract-public-economic-decline

    BINGO! I’ve been saying all of this Trump/Iran/China/Russia/etc. bullshit is a red herring to fool the suckers called Americans and to distract them from their slide into the 3rd world. Fun to watch … from the outside. LOL

  35. Makati1 on Thu, 3rd Aug 2017 10:36 pm 

    MM, how many drug deaths in the US last year?

    “Drug overdose is the leading cause of accidental death in the US, with 52,404 lethal drug overdoses in 2015.”

    https://www.asam.org/docs/default-source/advocacy/opioid-addiction-disease-facts-figures.pdf

    That’s ~1,000 per week. 144 every day. Six every hour. One every 10 minutes. Quite a killing spree in America.

    Looking the mirror, hypocrite, and see realty. Duterte has a log way to go to kill that many people and I am sure the number for 2016 is higher and 2017 will be even higher. The “War on Drugs” is too profitable to ever do anytohng to actually stop it. ~$70,000,000,000.00 per year and growing. Adds to the GDP.

    https://www.nytimes.com/interactive/2017/06/05/upshot/opioid-epidemic-drug-overdose-deaths-are-rising-faster-than-ever.html

    And:

    https://www.nytimes.com/interactive/2016/01/07/us/drug-overdose-deaths-in-the-us.html

    BTW: Do you EVER see any facts about the number of lives that Duterte has SAVED from such an end? No, and you never will on the U$ MSM Iron Curtain press. It all about propaganda and brain washing the American sheeple. Have some more Koolaid. LOL

  36. Makati1 on Thu, 3rd Aug 2017 10:38 pm 

    AM, it is the only way to get rid of a cancer. Drug pushers are ALL guilty of murder and deserve to die, Personally, I would get them hooked on their own stuff and then take it away and watch them die a slow, painful death.

  37. Makati1 on Thu, 3rd Aug 2017 10:44 pm 

    Ap, I share your thoughts on the future of my kids and grands. It is going to get progressively more difficult to survive in the crumbling world we have crated. If they can even live a 3rd world life, I think they will be lucky, I do not see even that possibility. There is nothing I can do to make it easier for them. Americans, for the most part, have had it too easy at the expense of the rest of the world.

  38. Makati1 on Thu, 3rd Aug 2017 11:12 pm 

    MM, may I present:

    “Covering the recent battle for the city of Marawi on Mindanao Island in the Southern Philippines, the Western media has been grossly exaggerating unconfirmed reports and rumors. It has been spreading twisted information and ‘facts’.”

    http://www.globalresearch.ca/philippines-western-media-is-distorting-reality-people-and-army-unite-to-battle-isis/5600985

    Ditto for Duterte’s war on drugs. Americans are soooo gullible!

  39. Bloomer on Fri, 4th Aug 2017 12:50 am 

    In the award system everyone is graded by merit. Nobody knows what grade the other person got. The overall pot (labour/skill) portion that the workers draw from is reduced and the Corporate profits continue to rise.

    http://www.epi.org/publication/charting-wage-stagnation/

    Jack and Jill are worker harder than ever for lower wages.Maybe Marx wasn’t a lunatic afterall.

  40. Cloggie on Fri, 4th Aug 2017 1:55 am 

    Jack and Jill are worker harder than ever for lower wages.Maybe Marx wasn’t a lunatic afterall.

    Under Marx you would be making $100/month, if you were not locked up in the Gulag in the first place.

    For your “reassurance”, the Marx worshipers have long occupied Washington as well. These neocons lording over your are committed Marxists and Trotskyites:

    http://www.kevinmacdonald.net/understandji-3.htm

    The difference with the criminals of 1917-Petersburg is that they transposed their egalitarianism from the economic into the racial realm. They understood that it is possible to organize a 1917-Petersburg revolution on US soil, if you import a new proletariat… from the third world… that can and will be used against Jack and Jill.

    A Dutch researcher, Pieter Lakeman, calculated in his 2010 book “Binnen zonder kloppen” (entering without knocking)…

    https://www.bol.com/nl/p/binnen-zonder-kloppen-de-nede/666846447/

    …that Henk and Ingrid (the Dutch Jack and Jill) needed to work one month of their lives, year in year out, to pay for the consequences of mass immigration: welfare spending, increased cost for police and judiciary. And that was 2010. It is probably more now.

    Americans, European Americans I mean, are even worse off, because of US demographics is at an even more “advanced stage” than in Holland. They even have declining life expectancy, the only group on the planet.

    Henk en Ingrid are an invention of Geert Wilders and represent the Dutch equivalent of the US “deplorables” and are mocked at by our local press:

    http://daskapital.nl/2014/02/goh_verrassing_dat_hadden_we.html

    https://i.ytimg.com/vi/TrfPvyu2Ogg/maxresdefault.jpg

    The even made it to the German CIA press:

    http://www.zeit.de/politik/ausland/2017-03/geert-wilders-niederlande-pvv-parlamentswahl-pim-fortuyn

    Henk and Ingrid are stinking mad. Those in the US even have guns. If I were an imperialist I would hide my imperial sympathies while living in the midst of the deplorables. Could be bad for your health.

    The Russian Jack and Jill are meanwhile far better off than they were ever before, thanks to the pro-Russian policies of their leader, despite the attempt of the Washington neo-Marxists to destroy his presidency.

    The US, Russian and Dutch Jack and Jill have one giant common interest: to destroy the neocon vipers and their supporters who try to destroy Jack and Jill world-wide.

  41. Cloggie on Fri, 4th Aug 2017 2:06 am 

    Antius, I say those who have kids are the selfish ones. Shitting out a little consumer holocaust in the making just so they can score some social standing points with the neighbors and relatives and feel like they have ‘accomplished’ something. The world don’t need anymore stupid babies. Meanwhile any parent with a child under 40 can be damned sure that adult child and their grand children are going to suffer big time.

    Apneaman is such a viper. He is using his exaggerated climate tales to further undermine the morale of white North-America, because he knows very well that the only ones susceptible for his fanatical promotion are gullible whites. The non-whites couldn’t care less about climate and reducing birth rates, they just want to jump on whitey and his economic machine, a drive supported and promoted by the Apneaman’s of this world and his “racism” weapon, the US equivalent of “class enemy” in the USSR.

  42. No problem on Fri, 4th Aug 2017 3:41 am 

    Cloggie is an superficial amateur: who will solve the low wages, i.e. the low purchasing power that reflects the falling energy per capita and rising complexity.

    Technology can not solve the low wages and the rising debt, as the technology eliminates the workers. Not because the workers are not needed, but because the workers can not handle the jobs as cheaply as is needed for the system to continue functioning.

  43. Cloggie on Fri, 4th Aug 2017 4:41 am 

    who will solve the low wages

    Nobody and certainly not you.

    Lower wages in the US are a direct result of open borders policy and globalism, both pursued by the US deep state, that forces Westerners to compete with mainly Asians, who are willing to work for slave wages, in anticipation of future western levels of wealth, or so they hope.

    The deep state opened the borders in an attempt to destroy (white) nationalism in anticipation of One World, owned by them.

    The combined power of Russia and China and soon Europe will prevent this scheme once and for all.

    The good old days MAGA is referring to will never return. Those were the days (50s-60s) when America had destroyed Europe and was the only producer of significance left on a global scale.

    After 1965, the US deep state had managed to get legislation in place…

    https://en.wikipedia.org/wiki/Immigration_and_Nationality_Act_of_1965

    … to enable mass immigration from the third world and that in hindsight will prove to be the beginning of the end of America.

    Next on the geopolitical menu will be the end of the petro-dollar, the last hidden significant subsidy of US society.

    The best Jack and Jill can do is to put Manifest Destiny in the reverse gear and escape from the system that is setup for their destruction and retreat into the Heartland and hope for help from Europe, like in 1776.

    Technology has done nothing but increasing productivity and somebody will need to absorb all this increased productivity. Solution: basic income.

  44. deadlykillerbeaz on Fri, 4th Aug 2017 5:35 am 

    There ain’t no coming financial disruption, it is here now.

    It began with the Kennedy assassination and has been going on ever since.

    Get a clue, it is over and has been for more than fifty years.

    There ain’t no fixing it and there ain’t no saving it.

    The dumbasses in Warshington will one day meet their much deserved demise.

  45. Davy on Fri, 4th Aug 2017 6:41 am 

    “The combined power of Russia and China and soon Europe will prevent this scheme once and for all.”
    Russia is a smallish power over represented because of energy and military. In the broad definition of a power Russia is second class. Population, economic diversity, and financial markets are not to the level of the other major powers.

    Europe has embraced pretend and extend at the corporate level significantly such that non-performing loans are a latent danger. Loss making enterprises are not liquidated for social reasons hence Europe cannot raise rates or they risk mass corporate defaults. What is worse is the entire south of Europe is broke and cannot sustain higher rates. The European experiment is in a strait jacket of low growth policies of zero bound rates. The European Union is a half-baked community of squabbling spoiled brats who rarely agree on common policy. When they do it generally goes against the wishes of its people. Growth and investment is low and demographics point to an explosion of elderly and a mass migration of 3rd world’ers. Things are not golden there Like some want to promote.

    China of the three is a real power but one that is hollow and increasingly facing all the worst of modernism. Overpopulation, industrial pollution, and social insecurity. It is a quasi-communist/capitalist system that has proven to be the worst allocator of investment of any system ever devised. Malinvestment is getting so bad cities are overbuilt and underutilized. Big industries are zombies kept alive to maintain social cohesion. Their water and food security deteriorates yearly. They cannot feed themselves now and their water situation is dire in many areas. China is sucking the world dry of resources and turning out mass produced plastic junk.

    The US is a mess. Just spend a week on this site and you will get all the poop on a nation who’s’ economic and military position has dropped so low as to now be considered an equal to the other power mention on many levels. The US is still a force to be reckoned with and a market no one can disregard. Its military is in a class of its own and cannot be ignored. Its population is still dynamic but the American dream is clearly dead. The US is a 3rd world country run by 1st world elites. It is nothing like it was at its height and is now a shadow of its former self. Political rot is the worst of all major powers and now poses a risk to all nations.

    So as you see all these powers have weaknesses and strengths. They all fit into the puzzle of globalism with comparative advantage economics combining in geopolitical competitive/cooperative geopolitical gamesmanship. There is no leaving this status quo with winners and losers. Those days where over in the 20th century and why some here are hopelessly lost in their 20th century ideas of new empires and transformed civilizations. Any break from the status quo will be catastrophic hence the cooperative aspect to this arrangements. No nation can upset this arrangement without inflicting harm on themselves. There is the gamesmanship but not the reality of real change. This is most pronounced in the US where Trumps nationalistic polices are a dud. It is also the reason the US is so hesitant about attacking NK. A major disruption in Asia will be extremely bad for the US and its financial and economic arrangements. We will collapse together or survive together. Survival is uncertain and is now in nature’s hands and rest with us and our decisions. Can we hold this human experiment together or will we kill ourselves in suicidal tendencies humans are so good at.

  46. Antius on Fri, 4th Aug 2017 7:15 am 

    ‘Technology can not solve the low wages and the rising debt, as the technology eliminates the workers. Not because the workers are not needed, but because the workers can not handle the jobs as cheaply as is needed for the system to continue functioning.’

    Low wages are a function of energy decline. This pushes up income inequality. The Japanese dealt with the problem of low wages in the 1980s without vast hordes of immigrant labour (though they have used some) through automation. It worked a treat and workers now earn good wages maintaining the machines that do the work that they would otherwise do. Unfortunately, this hasn’t saved the Japanese from the twin evils of an ageing population and global energy depletion. These have lead to huge deficits as working age population is now effectively shrinking.

  47. No problem on Fri, 4th Aug 2017 10:19 am 

    Cloggie,

    “The deep state opened the borders in an attempt to destroy (white) nationalism in anticipation of One World, owned by them.” is not an argument, it is a conspirational way of percieving the world.

    The owner of the world is always the population: if the population decides, just some small group has the means to control the world. The rising group of the poor and the diminishing group of the rich, or the rise of the super-rich few is the result of energy decline.

  48. JJHMAN on Fri, 4th Aug 2017 12:58 pm 

    This site has gone thru a weird transformation. Years ago it seemed to be trying to pick up where the Oil Drum had left off. Now it looks like a drunken hard-of-hearing family Thanksgiving dinner where all of the relatives keep shouting the same arguments at each other regardless of what the first person said.

    I’m sure nobody noticed but this article was about how labor and “ideas” were successfully winning their share of the economy away from capital, in spite of overwhelming evidence to the contrary.

    Now go back to shouting at each other.

  49. peaktard on Fri, 4th Aug 2017 1:14 pm 

    @JJH it used to be more tolerant but now some higher tard started sensoring people.

  50. onlooker on Fri, 4th Aug 2017 1:21 pm 

    The financial disruption is a game changer. Thhe ascent of Economies via more energy was orderly, planned and beneficial, the descent will be diametrically opposite. This is because of our huge population with its attendant needs and how woefully unprepared humans are to transition to more primitive lifestyles. Oh and yes Jman, more debating less derision would be welcomed.

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