#community economics

[ivygorgon]

Let the choir say amend!!

[queerism1969]

[capitalism-and-analytics]

[joeywreck]

“the economist, a journal that speaks for british millionaires”-vladimir lenin

I think it’s safe to say today it’s the american billionaire.

[study-diaries]

Study Trick That No One Told Me.

Division of subjects:

Every subject is learnt and graded in a different way. You can't use the same study techniques for every subject you have. You have mostly 3 types of subjects:

Memorization based

Practical/Question based

Theory/Essay based

Memorization based:

Mostly Biology, Sciences, Geography etc are fully based on memorization and so you'll use memory study techniques like flash cards and active recall.

Practical/Question based:

Maths, Physics, Chemistry, Accountancy etc are practice subjects. The more you do your questions and understand how a sum is done, the better you can score.

Theory/Essay based:

English, history, business studies etc are theory based. The more you write, the way you write and the keywords you use are the only things that will get you your grades. So learn the formats and the structure on how to write your answers

Note: Some subjects are a combination of the three. Like Economics etc

The reason we divide the subjects is because you can adopt the right study methods for the right subject. Like ex: business studies is mostly based on how you write your answer and the keywords, if you're gonna spend your time memorizing in this, it's a waste of time and energy.

Hope this helps :)

[theonlycabbage]

these people unironically need to have their heads paraded around the streets on pikes

[weird-machine]

One of the funniest things about communism is that it rests on a premise that's basically like, "Hey, once everybody voluntarily gives up a specific set of strategies and advantages, everything will be wonderful. So, once we figure out how to coerce everybody into voluntarily giving those up, we'll be set."

[tamquira]

Hey so what better way to start up my tumblr page than to post what is esentially a communism fanart? Sort of? Communism-inspired??? But also my favourite artwork I have done to this day.

[shouyuus]

was thinking about it this morning as i was making tea and i think there's a fundamental gap in the advice we give to writers/creators to "first and foremost create for ourselves", bc yes. in the beginning, i am almost always writing for myself. i write all the time, and im sure that artists doodle and paint all the time too. there are things i've written that will never see the light of day and are truly just for me.

and then there are things that i choose to share, because i want to share them. because i'm proud of a story, and want to put it into the world. the act of sharing it is, above all, an invitation.

its me inviting you into a corner of my mind/heart/soul, opening the window and throwing open the curtains and waving, holding up a sign that says "hi! do you like this too? let's talk about it!"

what im asking for is a connection, a conversation. a shared space. digital or otherwise. and the so-called "harm" of "ghost consumption" is not that artists will stop creating art or that writers will stop writing -- no, that's not quite how creativity works (thankfully, and sometimes unfortunately). we will always create.

we just might not be inspired to share it anymore.

[siryouarebeingmocked]

Anyone ever noticed how so many leftist memes lack...restraint?

The memer had to add the capitalist pig with a speech bubble, because apparently just mocking the "bad" decision wasn't enough.

They had to also imply that any Yank who disagrees is nothing but a brainwashed sheep.

Seems a biiit like projection.

Also, what does this have to do with credit vs. Cash?

[truth4ourfreedom]

ARE YOU READY TO SCAN YOUR ID AND TO HAVE YOUR SOCIAL RATING CONFIRMED BEFORE YOU BUY GAS? CHINA DOES!

"👀 You can only fill up your car with petrol in China after confirming your social rating."

Or the alternative - electric vehicles? All are connected to the web and the authorities have ability to shut down your vehicles remotely if social rating is not acceptable. A digital ID and cashless society with all transactions monitored by the government is a real threat to our individual freedoms!

[queerism1969]

[capitalism-and-analytics]

[dailyanarchistposts]

The way most people talk about climate change we are led to believe we all have an equal part in creating the capitalist nightmare we live in, but that’s a lie. The unsustainable and extractive nature of capitalism grew directly from the ideological and material foundations of European colonization. We cannot hold the entire human species responsible for that. It’s victim blaming.

The vast majority of waste is produced by the same people and institutions who hold power. Fighting for our planet, the health of our land, our food, our homes, our communities, is where the fight against capitalism and white supremacy collide. Any fight for environmental justice must also be a fight for racial justice because BI&POC are the ones who disproportionately bear the weight of climate change.

White Settler Colonialism Is Destroying the Planet, Not Poor BI&POC

Don’t believe the Malthusian and eco-fascist myth that there are too many people on the planet to care for. This is a lie peddled by capitalists, eugenicists, and people who advocate for genocide. We know that every landbase has its limit for how much life it can support (indigenous peoples have been saying this for hundreds of years), but “overpopulation” rhetoric is overwhelmingly used as a means to enforce colonial hierarchies where wealthy white people can maintain lives of access and privilege while poor BI&POC barely survive.

Instead of telling poor BI&POC to have less children or to stop wanting better lives, we should build a movement to fight climate change which centers racial justice, abolishes capitalism, and forces wealthy, predominately white populations to stop hoarding resources.

Here are some Earth Day facts for tomorrow so you don’t fall for the lies:

Just 100 companies are responsible for 71% of global emissions. (Source: the Guardian)

Black communities are exposed to 56% more pollution than is caused by their consumption. For Latinx communities, it is 63%. (Source: American Journal of Public Health)

97% of waste produced in the United States is corporate waste. 80% of businesses are owned & operated by white people. (Source: “The Story of Stuff” & US News)

Indigenous peoples make up less than 5% of the planet’s human population, yet they are protecting 80% of its biodiversity. (Source: National Geographic)

The world’s richest 10% produce half of carbon emissions while the poorest half contribute only 10%. (Source: Oxfam)

The world’s wealthiest 16% use 80% of the planet’s natural resources. (Source: CNN)

We are not all equally “responsible.” White settler colonialism and capitalism are destroying the planet, not poor BI&POC.

[mostlysignssomeportents]

Yanis Varoufakis’s “Technofeudalism: What Killed Capitalism?”

Monday (October 2), I'll be in Boise to host an event with VE Schwab. On October 7–8, I'm in Milan to keynote Wired Nextfest.

Socialists have been hotly anticipating the end of capitalism since at least 1848, when Marx and Engels published The Communist Manifesto - but the Manifesto also reminds us that capitalism is only too happy to reinvent itself during its crises, coming back in new forms, over and over again:

https://www.nytimes.com/2022/10/31/books/review/a-spectre-haunting-china-mieville.html

Now, in Technofeudalism: What Killed Capitalism, Yanis Varoufakis - the "libertarian Marxist" former finance minister of Greece - makes an excellent case that capitalism died a decade ago, turning into a new form of feudalism: technofeudalism:

https://www.penguin.co.uk/books/451795/technofeudalism-by-varoufakis-yanis/9781847927279

To understand where Varoufakis is coming from, you need to go beyond the colloquial meanings of "capitalism" and "feudalism." Capitalism isn't just "a system where we buy and sell things." It's a system where capital rules the roost: the richest, most powerful people are those who coerce workers into using their capital (factories, tools, vehicles, etc) to create income in the form of profits.

By contrast, a feudal society is one organized around people who own things, charging others to use them to produce goods and services. In a feudal society, the most important form of income isn't profit, it's rent. To quote Varoufakis: "rent flows from privileged access to things in fixed supply" (land, fossil fuels, etc). Profit comes from "entrepreneurial people who have invested in things that wouldn't have otherwise existed."

This distinction is subtle, but important: "Profit is vulnerable to market competition, rent is not." If you have a coffee shop, then every other coffee shop that opens on your block is a competitive threat that could erode your margins. But if you own the building the coffee shop owner rents, then every other coffee shop that opens on the block raises the property values and the amount of rent you can charge.

The capitalist revolution - extolled and condemned in the Manifesto - was led by people who valorized profits as the heroic returns for making something new in this world, and who condemned rents as a parasitic drain on the true producers whose entrepreneurial spirits would enrich us all. The "free markets" extolled by Adam Smith weren't free from regulation - they were free from rents:

https://locusmag.com/2021/03/cory-doctorow-free-markets/

But rents, Varoufakis writes, "survived only parasitically on, and in the shadows of, profit." That is, rentiers (people whose wealth comes from rents) were a small rump of the economy, slightly suspect and on the periphery of any consideration of how to organize our society. But all that changed in 2008, when the world's central banks addressed the Great Financial Crisis by bailing out not just the banks, but the bankers, funneling trillions to the people whose reckless behavior brought the world to the brink of economic ruin.

Suddenly, these wealthy people, and their banks, experienced enormous wealth-gains without profits. Their businesses lost billions in profits (the cost of offering the business's products and services vastly exceeded the money people spent on those products and services). But the business still had billions more at the end of the year than they'd had at the start: billions in public money, funneled to them by central banks.

This kicked off the "everything rally" in which every kind of asset - real estate, art, stocks, bonds, even monkey JPEGs - ballooned in value. That's exactly what you'd expect from an economy where rents dominate over profits. Feudal rentiers don't need to invest to keep making money - remember, their wealth comes from owning things that other people invest in to make money.

Rents are not vulnerable to competition, so rentiers don't need to plow their rents into new technology to keep the money coming in. The capitalist that leases the oil field needs to invest in new pumps and refining to stay competitive with other oil companies. But the rentier of the oil field doesn't have to do anything: either the capitalist tenant will invest in more capital and make the field more valuable, or they will lose out to another capitalist who'll replace them. Either way, the rentier gets more rent.

So when capitalists get richer, they spend some of that money on new capital, but when rentiers get richer, them spend money on more assets they can rent to capitalists. The "everything rally" made all kinds of capital more valuable, and companies that were transitioning to a feudal footing turned around and handed that money to their investors in stock buybacks and dividends, rather than spending the money on R&D, or new plants, or new technology.

The tech companies, though, were the exception. They invested in "cloud capital" - the servers, lines, and services that everyone else would have to pay rent on in order to practice capitalism.

Think of Amazon: Varoufakis likens shopping on Amazon to visiting a bustling city center filled with shops run by independent capitalists. However, all of those capitalists are subservient to a feudal lord: Jeff Bezos, who takes 51 cents out of every dollar they bring in, and furthermore gets to decide which products they can sell and how those products must be displayed:

https://pluralistic.net/2022/11/28/enshittification/#relentless-payola

The postcapitalist, technofeudal world isn't a world without capitalism, then. It's a world where capitalists are subservient to feudalists ("cloudalists" in Varoufakis's thesis), as are the rest of us the cloud peons, from the social media users and performers who fill the technofuedalists' siloes with "content" to the regular users whose media diet is dictated by the cloudalists' recommendation systems:

https://pluralistic.net/2023/01/21/potemkin-ai/#hey-guys

A defining feature of cloudalism is the ability of the rentier lord to destroy any capitalist vassal's business with the click of a mouse. If Google kicks your business out of the search index, or if Facebook blocks your publication, or if Twitter shadowbans mentions of your product, or if Apple pulls your app from the store, you're toast.

Capitalists "still have the power to command labor from the majority who are reliant on wages," but they are still mere vassals to the cloudalists. Even the most energetic capitalist can't escape paying rent, thanks in large part to "IP," which I claim is best understood as "laws that let a company reach beyond its walls to dictate the conduct of competitors, critics and customers":

https://locusmag.com/2020/09/cory-doctorow-ip/

Varoufakis points to ways that the cloudalists can cement their gains: for example, "green" energy doesn't rely on land-leases (like fossil fuels), but it does rely on networked grids and data-protocols that can be loaded up with IP, either or both of which can be turned into chokepoints for feudal rent-extraction. To make things worse, Varoufakis argues that cloudalists won't be able to muster the degree of coordination and patience needed to actually resolve the climate emergency - they'll not only extract rent from every source of renewables, but they'll also silo them in ways that make them incapable of doing the things we need them to do.

Energy is just one of the technofeudal implications that Varoufakis explores in this book: there are also lengthy and fascinating sections on geopolitics, monetary policy, and the New Cold War. Technofeudalism - and the struggle to produce a dominant fiefdom - is a very useful lens for understanding US/Chinese tech wars.

Though Varoufakis is laying out a technical and even esoteric argument here, he takes great pains to make it accessible. The book is structured as a long open letter to his father, a chemical engineer and leftist who was a political prisoner during the fascist takeover of Greece. The framing device works very well, especially if you've read Talking To My Daughter About the Economy, Varoufakis's 2018 radical economics primer in the form of a letter to his young daughter:

https://us.macmillan.com/books/9780374538491/talkingtomydaughterabouttheeconomy

At the very end of the book, Varoufakis calls for "a cloud rebellion to overthrow technofeudalism." This section is very short - and short on details. That's not a knock against the book: there are plenty of very good books that consist primarily or entirely of analysis of the problems with a system, without having to lay out a detailed program for solving those problems.

But for what it's worth, I think there is a way to plan and execute a "cloud rebellion" - a way to use laws, technology, reverse-engineering and human rights frameworks to shatter the platforms and seize the means of computation. I lay out that program in The Internet Con: How the Seize the Means of Computation, a book I published with Verso Books a couple weeks ago:

https://www.versobooks.com/products/3035-the-internet-con

If you'd like an essay-formatted version of this post to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:

https://pluralistic.net/2023/09/28/cloudalists/#cloud-capital

[queercodedangel]

"The ideas of the ruling class are in every epoch the ruling ideas, i.e. the class which is the ruling material force of society, is at the same time its ruling intellectual force. The class which has the means of material production at its disposal, has control at the same time over the means of mental production, so that thereby, generally speaking, the ideas of those who lack the means of mental production are subject to it. The ruling ideas are nothing more than the ideal expression of the dominant material relationships, the dominant material relationships grasped as ideas; hence of the relationships which make the one class the ruling one, therefore, the ideas of its dominance." - Karl Marx, The German Ideology