Posts written by Vninect

view post Posted: 14/2/2015, 13:16 Fiscal Sustainability - Economics
http://static1.squarespace.com/static/541f....+Austerity.pdf

ETA: as Fiona mentioned, it may be necessary to refresh for the pdf to load.

I found this a very refreshing read, in every way.

Edited by Vninect - 14/2/2015, 20:37
view post Posted: 14/2/2015, 12:05 Fiscal Sustainability - Economics
QUOTE (FionaK @ 13/2/2015, 13:55) 
www.primeeconomics.org/#

Another short paper in the same vein from John Weekes, also and academic economist

It is very interesting to note that both Weekes and Lewis are driven to the conclusion that current policy is irrational, damaging, and ideologically based.

Amen to that.

Can't find it..? Do you have an article title?
view post Posted: 12/2/2015, 22:53 Vid Depo - Catch-all
That's nice. Next, I want a video in which he has a monologue with a person. Then, when the other person replies, he waits for days to continue the conversation, and puts a stamp on himself.
view post Posted: 12/2/2015, 20:53 Political compass - Media, Language, Politics and Public Service
Latest:
February 12, 2015
Economic Left/Right: -9.63
Social Libertarian/Authoritarian: -7.85

-Previous scores:
November 17, 2013
Economic Left/Right: -10.00
Social Libertarian/Authoritarian: -7.49

October 14, 2011
Economic Left/Right: -9.25
Social Libertarian/Authoritarian: -7.49

June 5, 2011
Economic Left/Right: -9.12
Social Libertarian/Authoritarian: -8.21

January 17, 2011
Economic Left/Right: -7.75
Social Libertarian/Authoritarian: -7.85

August 11, 2010
Economic Left/Right: -6.00
Social Libertarian/Authoritarian: -7.33

November 3, 2009
Economic Left/Right: -5.38
Social Libertarian/Authoritarian: -6.46

September 5, 2008
Economic Left/Right: -6.00
Social Libertarian/Authoritarian: -6.87

May 3, 2008
Economic Left/Right: -7.25
Social Libertarian/Authoritarian: -6.87

September 30, 2005:
Economic Left/Right: -6.75
Social Libertarian/Authoritarian: -2.92)

March 4, 2005
Economic Left/Right: -4.25
Social Libertarian/Authoritarian: -1.85
view post Posted: 9/2/2015, 19:35 Europe's emergency aid to Greece - Media, Language, Politics and Public Service
Source of quote above: www.ime.gr/chronos/13/en/economy/institutions/index.html

Mention of the International Control Commission in this book at page 69: https://books.google.nl/books?id=dxnvqzfUu...mission&f=false

The decision to form the Commission followed the events of the Greco-Turkish War of 1897. More info here: http://en.wikipedia.org/wiki/Greco-Turkish_War_(1897)

You asked specifically about the 35% number. It came from here: http://de.wikipedia.org/wiki/International...978#cite_note-9 [In German]

Edited by Vninect - 9/2/2015, 20:45
view post Posted: 6/2/2015, 19:26 Europe's emergency aid to Greece - Media, Language, Politics and Public Service
1897

This is an interesting year that had slipped by me so far. The year in which the Greeks lost a war, gained Crete, lost financial control to an international commission, and increased their resolve to conquer all areas with Greek ethnics.

QUOTE
The Greek economy of the late nineteenth century had to face serious problems. The modernizing policy of Harilaos Trikoupis and chiefly the major works he had constructed


(railways, the canal at Isthmus of Corinth and so on) had built up a large external public debt that the state could not meet. The bankruptcy of 1893 was a fatal consequence. This terrible plight dramatically burdened the international financial state of the country. The defeat in the 1897 war led to the same result. Greece was compelled to pay war indemnities to Turkey, which put forward immediate payment as a condition for the withdrawal of its troops from Thessaly.

In order to pay this sum (4,000,000 Turkish liras or 95,000,000 golden francs of the time) the Greek state had to raise foreign loans, but world capital markets were not willing to supply new loans, if old credits were not settled. Given Greece's immediate economic needs, foreign creditors and the Great Powers were able to impose on Greece a mechanism of financial control, in order to ensure the payment of the capital and the interest on old and new loans.

From April 1898 the International Financial Control Commission (IFCC) was established in Athens; it was initially termed International Control Commission, but despite the change of name it was known as 'Control'. The commission consisted of six members, representatives of the Great Powers whereas revenues from the monopoly of salt, oil, matches, decks, cigarette paper, tobacco, paper stamps and the tariffs of the port of Piraeus passed under its control. These and other revenues, if the need arose, were disposed of to serve the country's loan obligations, while the Commission had the capacity to intervene in various sectors of the civil services in order to ensure the sufficient and, in time, payment of economic obligations to creditors.

It is worth mentioning that in that same period similar situtations emerged in other Balkan countries, the eastern Mediterranean, and even South America but with looser terms, as control has not been imposed after an international treaty and following the terms of a military defeat

Still, in the 1930s, 35% of state revenues were siphoned off to foreign banks. Meanwhile, debts as a percentage of gdp remained the same. The commission continued to have a significant impact on the Greek budget until 1941, when the German tanks rolled in. The office regained a marginal role after the war until 1978, when its office in Athens closed.
view post Posted: 2/2/2015, 23:48 American Airlines' Bankruptcy - Media, Language, Politics and Public Service
Came to remind me of that time I got schooled?????????????????????||????
view post Posted: 31/1/2015, 15:50 Tech-technocracy - Media, Language, Politics and Public Service
www.npo.nl/tegenlicht/25-01-2015/VPWON_1232872

The above link is a Tegenlicht documentary on the politics of the Silicon Valley high-tech minds. It was broadcast on Dutch public tv on the 25th of January.

Warning: venting below.

Silicon Valley refers to an area in California that produces a vast portion of the services and products associated with computers and the internet, which have taken only about 25 years to become ubiquitous, at least in the Western world: A financial powerhouse area in the modern world.

But money isn't the only thing attracted to this area. Also, geeks. Tegenlicht asked some of these "world-changers" about their politics.

From the selection of interviews, it appears that Silicon Valley is too small. Free-market libertarians, laissez-faire competitors, and do-over-revolutionaries abound. Sense made: very little.

These geeks are presented as highly competitive. People without winner's mentalities need not apply. Silicon Valley requires only the brightest and fittest minds. Ayn Rand is there in spirit. Her statement that people can be divided into makers and takers finds sympathy among the computer-coders. Makers produce all the value. Takers are parasites.

We find a man arguing that the government controls a huge share of gdp, without contributing that share in progress. Hence, government has no place in the economy of progress, and should be vastly diminished. It's the companies that drive progress, and hence the future and everything.

Another argues that the market is a perfect vessel for evaluating the performance of companies. Ideal capitalism means bad companies die, and good companies produce value. This ties in with the previous argument, as the government does not produce (enough) value according to many of the interviewed. Hence, it should take a back seat.

One group recognizes that the government won't just adjust its course by its own. They suggest we should have more competition. Only 192 countries for 7 billion people was not enough. They propose building thousands of floating cities outside territorial waters, each with their own system of government. You don't like the conditions in one country? Find one that suits you better.

In fact, Estonia is already offering "virtual" citizenship. You can apply through the internet. Competition! One starry-eyed techie has already applied. But he would retain his US citizenship, too... Wait a second, why?

Nearly everything these people say is bullshit or based on bullshit. For all the cleverness they possess in terms of coding complex products, they are operating in an echo-chamber when it comes to their politics.

The first - glaring - omission in their notions on government is the fact that big government played a key role in developing computing and the internet. Both went through the Pentagon decades before they became consumer products. Also, other even bigger governments (relative to gdp) funded the establishment of the necessary code and protocols for these systems to even exist. If the companies of Silicon Valley are really driving progress in a significant way, then the government is responsible for that.

If that single fact didn't undermine their entire thesis, then allow me to wreck the rest. The assumption that progress is all you need in an economy is false. You also need maintenance, for one. Do you clean your own offices, nerds? But more importantly: what is progress? We have "progressed" ourselves the last 2 centuries into a situation of looming environmental collapse. And when I spend half an hour a day watching facebook posts, does that make me any better? (And what do I compare it to?) The progression of technology may indeed make our way of life more sustainable and better, but we should always be critical of technology, and not stupidly elevate it to its own goal by which we measure all other activities.

The assumption that more competition and freer markets makes conditions better? Ludicrous. We are seeing that competition makes things slowly worse in the real world, if it can even be sustained - and if it breaks down into a monopoly it is even grimmer. But what about those tech companies competing against each other to produce better technology and better products every day? Sure, there are probably a handful of anecdotes to be found where people say they were motivated by competition. But even in the documentary, it is said that these geeks are not motivated by money or winning, but by creating new exciting stuff. If you develop a product just to destroy someone else's successful business, you are in fact a psychopath, are you not? Developing a product has its own rewards. Competition is the natural and unfortunate result of many enthusiastic people developing stuff at the same time, while consumers are not willing to buy everything. Cause: much development. Effect: competition. Not the other way around.

On the level of countries, we find that competition is code for lowering wages and rights. There's no reason to expect having more countries will buck that trend. And 192 "brands" is already a lot - remember that for computers we have roughly 3 realistic options generally, maybe a dozen if we look hard.

That's evidence from observation. But even theoretically, it makes no sense to say that market systems produce the best value by definition. This has all been said before, and I'm bored to even finish this paragraph. The key word in this should be "value" and it is not taken into account in a capitalistic market economy. Value, despite what economists believe, is not a measurable and comparable entity. How much is water worth, which keeps you alive, compared to a new car, which can kill you? Even among products in a single narrow product group, it is often impossible to make a choice based on value. Let's say we compare bottled water (a horrible intervention in countries which have perfectly fine publicly owned tap water). You can look at pricing, and expect the quality of the water to be equal. Or you can believe what it says on the label. This water is fresh. The other one is natural. Oh, and there's one here that's from a spring. Who says the water from the spring is better than the fresh water? Maybe the spring is polluted (as a matter in fact, many "spring" waters are more contaminated than fresh water due to less regulation. Other "spring" waters are in fact tap water, because the tap water comes from the same spring, and is then bought by or given to the bottler from the public utility that extracted it.) And all of this assumes I'm only thinking about value in terms of the quality of the product I'm intending to consume. There's also the question of the plastic bottle that I'm forced to buy. The process of production has value. Do I know anybody in the processing plant who I value? Do they separate and recycle? Are some of the employees wearing red scarves, if I happen to appreciate that?

Let's just wrap this up. These "smart" people have no clue. It's easy to believe that you can do everything, reinvent the world, and the biggest obstacle is government, when all you see around you are young people like yourself, who are producing exciting new technologies.

But it's no basis for sound political thought.
view post Posted: 7/11/2014, 00:44 Perceived Political Polatization in the USA - Media, Language, Politics and Public Service
Group identification is a very curious phenomenon.

On your last point, I've heard that during the 2004 (?) elections, a significant percentage of Bush voters assumed he had all kinds of progressive and environmental plans, like signing the Kyoto treaty. While this would have been a rather good idea for the environment, and it was a hugely popular policy among the population at the time, Bush had never indicated a desire to do so, nor did he touch on it, ever. It's just something people wanted to believe, I suppose, or they couldn't fathom their candidate not to favour this thing.

As for elections and politics: the politicians and media have a lot to gain from pretending the different parties are very different, when in fact, they are not. Especially in the first past the post and presidential voting systems, it appears that parties are strongly driven to approach each other on most core issues, while making a big fuss about frivolous difference. Once a voter is decided (and in the process not confused about the real issues too much), he will confirmation bias his way into thinking that all these frivolous things that the newspaper dredges up means that his candidate is the saviour of the planet, while the opponent will destroy all that is good. And this while their platforms are probably almost identical.

Highlighting the differences, no matter how small, makes sense for media outlets. People buy their products because they want to figure out how to vote. "Party X and Y agree on yet another big thing - alternate solutions have no chance of winning this election" is a story you can only run so many times.
view post Posted: 28/8/2014, 07:10 Good vs. Evil - Media, Language, Politics and Public Service
It is frustrating to see how pervasive the myths of the Illuminati, Freemasons, Lizard people et al. are on the internet. A few years ago, I was severely turned off by the Occupy chapter in The Hague for that reason: turns out this nonsense spills out into the real world.

What appears to be underlying this particular impotent analysis is the old simplistic dichotomy of good and evil individuals, the latter for some reason grouping themselves into secret sects with obscure hand signals and signs, claiming whole numeric sets for themselves, politicising arithmetic of all things. Oh, and also having extreme power and influence over all (bad) things that happen in society. There truly isn't a single bad event, regime, or policy that wasn't installed by these illusive puppeteers. It's mildly interesting to note in passing that there's a parallel in this with the monotheist myth of good and demons - perhaps we are observing a secular offshoot of the old morality teachings in this paranoid system of thought.

Today, I had an outburst of frustration. It is in response to a long comment on youtube, conveniently gathering many nuggets of paranoid conspiracy idiocy, as is usual - a pattern that is quite curious. The Illuminati never solo in one of these blurbs. They are always joined by a selection of a standard set of myths, each one of which as obscure and boring as the others. Not wanting to be left out of the boring, I wrote the following:

QUOTE
Dear Wolfgang,

It appears your core analysis of society stems from comic books: That a few "evil "people screw it up for the rest of us "good" people. From there on, you can only waste your time on trying to identify the evil individuals and the evil groupings that they form. And because your analysis is wrong and simplistic, so is any solution that stems from it.

By focussing only on evil individuals and evil secret groups, you totally fail to see how institutions and structures of power influence society. We don't need to speculate if this or that prime-minister is from this or that secretive grouping: we can observe what he says and does exactly, which for the current prime minister of Great Britain is perfectly consistent with the neo-conservative philosophy.

The fact that this philosophy is pervasive in the current media and government spheres is extremely convenient to the business and capitalist class. This, again, is not an "evil" group of insiders with their own rituals and signals: They are simply people who, due to owning a large business or extreme wealth, have common interests: namely preserving that situation for themselves (and wouldn't you?). Starting from that observation, the (first) Communist Manifesto was written, with Das Kapital further exploring the mechanisms through which the interests of the capitalist class were preserved back then. Since then, many more interesting things were written on the subject - and I would advise you start with something more contemporary. Not least because Marx is a dry read.

Your analysis leads you to believe that putting a hero somewhere in the system of power can turn the situation around. There are plenty of people of good moral fibre "plugged into" the system: I bet you know a good few people like that, working for the municipality or tax office or any for-profit business (in fact, no matter what -ism prevails, we are always in some kind of system, all of us). I dare say most people have the greatest of intentions. They may not be heroes - which explains the lacklustre sale of colourful leggings and capes - but they are many (legion, even). Hence that is not what is going to cure the "evil" in society - or it would have already. Hoping that someone like Russell Brand is going to take over a prominent position of power, if that were easy or possible, is only going to result in more of the same thing, because you didn't change the way the institutions work, and the structures of power will be the same except with a single different face in there. What needs to happen beforehand is a change of attitude in many of us at the same time. We need to reinvigorate the "old" analyses, and re-learn them because they are just as true today as they were over a century ago.

That's a huge project, and no wonder: our modern societies are pretty large and interconnected. Lots of inertia and complexity. But it's not impossible, unless... Unless we focus our attention on chasing phantoms, while hoping an improbable hero or two is going to get rid of some individual rotten apples, who we cunningly unmask by watching their hands all the time. *doing jazz hands*

Let's focus on issues that are real such as power, class, protest, activism (even the unpublished activities can have real consequences in large or small scale), and get beyond this lizard illuminati comic book nonsense.

That didn't tackle a tenth of the issues he brought up, but hopefully I got the core about right. Though I am thinking now that perhaps it's not meant as an analysis: it might just be modern folklore...?
view post Posted: 3/12/2013, 21:01 Detroit declared bankrupt - Media, Language, Politics and Public Service
http://www.theguardian.com/world/2013/dec/...ion-judge-rules

Detroit. Motor City. But most of the engine has long since left the vehicle. Along with the jobs that made the city prosperous in the 50s came and went a vast number of people.

Unemployment is now reported to be around 11 or 13%, with unofficial numbers going to 20. Frankly, I find this pretty low for a city that is notorious for its absence of job prospects, though perhaps that can be explained by the city having been abandoned by well over a million people in the last 4 decades.

More than a third of people live in poverty. Crime numbers are high. But was a bankruptcy the only way out?

Some say no, because other big cities like New York, who were in a similar position, have made it out of their predicament through different methods. Others say no, because they feel the bankruptcy was purposely chosen to attack pensions. Pension funds are an important creditor to Detroit. Now that it has been ruled that Detroit can't pay its debts, it is apparently legal to cut them by 84%. That's not to say they will choose this action, but it's a distinct possibility, which the people and unions fear very much.

What is not legal for Detroit is to raise taxes. Because that would be socialism, and socialism doesn't work. <_<

What is also not legal in Detroit is racketeering conspiracy, fraud, extortion and tax crimes, which have all been found in Kwame Kilpatrick, former Mayor of the city. He left office in 2008 over lying in court. Since then, there have been 2 new mayors, both of which have been stripped off their authority by the Michigan Governor. Instead, an "Emergency Manager", Kevyn Orr, controls the city. But Kwame is going to have to spend the next 28 years in prison. So at least there is that.

Silver linings.
view post Posted: 17/11/2013, 03:32 Political compass - Media, Language, Politics and Public Service
Latest:

November 17, 2013
Economic Left/Right: -10.00
Social Libertarian/Authoritarian: -7.49

-Previous scores:
October 14, 2011
Economic Left/Right: -9.25
Social Libertarian/Authoritarian: -7.49

June 5, 2011
Economic Left/Right: -9.12
Social Libertarian/Authoritarian: -8.21

January 17, 2011
Economic Left/Right: -7.75
Social Libertarian/Authoritarian: -7.85

August 11, 2010
Economic Left/Right: -6.00
Social Libertarian/Authoritarian: -7.33

November 3, 2009
Economic Left/Right: -5.38
Social Libertarian/Authoritarian: -6.46

September 5, 2008
Economic Left/Right: -6.00
Social Libertarian/Authoritarian: -6.87

May 3, 2008
Economic Left/Right: -7.25
Social Libertarian/Authoritarian: -6.87

September 30, 2005:
Economic Left/Right: -6.75
Social Libertarian/Authoritarian: -2.92)

March 4, 2005
Economic Left/Right: -4.25
Social Libertarian/Authoritarian: -1.85
view post Posted: 10/11/2013, 19:17 Morals and markets - Economics
It is an earthshaking experiment. I like it very much. Beautifully done.
view post Posted: 3/10/2013, 17:58 Some personal musings - Media, Language, Politics and Public Service
“Fascism is capitalism plus murder.”
― Upton Sinclair

A quote to throw in here.
view post Posted: 7/9/2013, 10:48 Claiming benefits in the UK - Media, Language, Politics and Public Service
AAAHAHAHAHAHAHA

That has got to be an april fools joke... The software apparently glitches beyond Windows XP, and doesn't even support any other OS. That's impossible!!

And then you have to use IE6??? That horrible piece of junk, which even Microsoft advises people to stop using since 2011? Google doesn't support IE6 on some of its services. There is a website against IE6: www.ie6countdown.com/. That site also shows that about 0.5% of British users have IE6. From wiki:
QUOTE
This version of Internet Explorer has been widely criticized for its security issues and lack of support for modern web standards, making frequent appearances in "worst tech products of all time" lists, with some publications labeling it as the "least secure software on the planet."

This can't be serious...
753 replies since 12/5/2011