Showing posts with label economics. Show all posts
Showing posts with label economics. Show all posts

27 December 2007

We Are Destroying The Planet?! 1 $€€ M0N€¥!

(In case your browser doesn't interpret the title correctly, it says, "We Are Destroying The Planet?! I SEE MONEY!" but with various currency symbols and numbers instead of letters.)

I can't quite believe that I saw this article from BusinessWeek today. Because I'm somewhat speechless, I'm just going to quote the first bit of the article and let it speak for itself:

Set aside, for now, the really complex and costly financial implications of climate change. Ignore the tricky abstractions of carbon trading. Forget the worries over flooded cities and the ins and outs of renewable energy.

Instead, consider just a few everyday money-making ideas created by the warming of our planet. For example, oenophiles could short the stocks of vintners in drought-prone areas such as Australia or California and bet on upstarts in Canada and England, where new wineries are sprouting as temperatures rise. Or, since ski resorts are seeing less and less snow, it might make sense to buy and hold manufacturers of snowmakers.

Of course, the potential of climate-change investing goes far beyond mere curiosities. A growing number of advisers to big institutional investors and high-net-worth types are sizing up companies based on how likely they are to benefit from rising energy prices, stricter regulations, and changes to the natural world ranging from freshwater shortages to new disease patterns and more chaotic weather.
'Nuff said.

27 October 2007

You Own Nothing

We come into existence naked and with empty hands. We leave naked and with empty hands. Possessions are only possible between the two events, during the state we term "life". Our natural state is naked and with empty hands.

Yet, we never really own anything, even if we possess it. You work, and your employer writes you a check. You take the check to the bank. Any number of things can happen here:

  • The check clears and the money is "in your account", yet you do not possess it.
  • The check doesn't clear, as the employer doesn't possess enough money.
  • The employer's bank refuses to honor the check for some reason, even though they possess the funds to do so.
  • The economy crashes between the time you leave work with your check and the time you get to the bank. No one possesses any worthwhile money.
As you can see, you really don't possess your money. Your employer, your bank, the economy overall - they possess your money. And society is the 800-pound gorilla, so if you want to possess your money yet society doesn't want you to possess it, you won't.

People make up excuses, thinking they are smart or clever or are being protective. What they are really doing is making it more difficult to live as a human being.

This post is spurred on by an experience with my credit union today. I deposited money in there yesterday. I had money in there already, so it was money+money. Today, my account shows $0 available even though the actual balance is over $70. No, I don't have outstanding checks or transactions that would do that. The credit union, or the credit union's computer, or someone at the credit union decided that my labor was worth $0, so that's what my account reflects. It's an insult, and they will hear about it.

28 September 2007

Humanity's "Progress": Creativity, Tools, or Sheer Population?

Picture progress' progress over, say, the past 500 years. Without computers, we did amazing things. With computers, we've done more amazing things. But, how much progress is due to technology, and how much is due to individual creativity, and how much is due to the pure number of humans increasing?

Meaning: Leonardo da Vinci thought, drew, painted, and built amazing things. One guy, without a computer. Radio and television were developed, as well as computers, using vacuum tubes and slide rules. The first successful small computers were built in garages and small, run-down warehouses, by very few people.

But, find things that are coming out now: biotech, software, whatever. In many cases, it's not "just one person" doing it, but a team or a company, or a country. Is that due to sheer numbers of people being thrown at the problem? Are we becoming more stupid because we each, individually, have to give less to have a project succeed when there are multitudes working on it?

Maybe we need to return to slide rules and hand-mixed paints, and using our own minds instead of computers.

06 September 2007

Work vs. Life

(This post was edited 6 Sept, 11:17MDT, adding the bit about Ray Jenkins and my dad.)

Yesterday, I saw a posting on Lifehacker that pointed to a Wired article that suggested ways for people to "put your vacation behind you and successfully re-enter the workplace". They say that "your mind needs to adjust to a world in which responsibility and discipline are important parts of daily operation". Of all the comments, I was the only person who said anything other than, "Yes! This is helpful!" I wrote:

Instead of "getting back into work mode", why don't people spend a bit of time trying to discover why they need to get back into "work mode"? I've had "vacation hangovers", and they have helped me to question the entire system. Maybe others should do the same. Vacations don't have to be "respite from work". Instead, we can mold our lives into something that is a mix of "work" and "vacation", something pleasant and which is worth waking up every day.

How we as a society are functioning at the moment isn't "the only way". There are other options, and they could very well be "better", more sustainable, and more enjoyable.


There are so many assumptions and misrepresentations of real life in these few words that it's pretty amazing. First, why the dichotomy of "work sucks, vacation is great"? It's not true. Doing what you love and making your livelihood from it is rewarding and fulfilling, and vacations can often be stressful times full of disaster. My suggestion: life as you wish, doing what you love, in concert with the universe, and you won't need "vacation"; your entire life will be wonderful.

Another issue is the idea that responsibility and discipline aren't part of life other that "at work". This is a major societal problem in the United States. Everyone thinks that you bust your ass for work, then fuck off completely in your spare time. There is no balance in that approach, and it only benefits the corporations and those who run them. The people are basically slaves, unfulfilled, worked to death, and with no real purpose. That is a form of existence, but it's not any kind of a life.

One example of not using your "non-work time" in a fulfilling manner is in an article from the Burlington Free Press about Ray Jenkins, the United States' oldest "worker". Ray says, "I can't sit quiet and do nothing. I've got to keep going. Keeps your mind occupied. If you don't keep busy, forget it." My dad was the same way. When he retired from a job of 30+ years, he sat at home, having no clue what to do with himself. He tried a few things, but eventually found another job at a similar company to keep himself occupied. He didn't know how else to spend his time but "to work".

And what disgusted me more than the fact that the article exists (and was referenced) in the first place? It was probably the fact that all of the other comments to the post and article were so deeply embedded into the system that they couldn't see anything wrong. One person wrote, "vaaaycaayshun? Never heard that word before... oh right that's where my owner goes 3-5 times a year..." Another commenter is more blunt: "people have time for vacations?" Or take this simple advice that probably underlies every comment but mine: "like Nike...just do it" No one other than me suggested anything other than "get back to work and forget your vacation".

What a sad state in which our society finds itself, where people think they must do boring and unfulfilling things for 50 weeks out of the year, then take 2 weeks to do nothing important only to return to unfulfilling things and forget the 2 weeks ever happened! We would be better of if we were formally slaves, knowing our part. This giant lie of "freedom" is truly soul-destroying.

29 August 2007

Inequality

WASHINGTON (Reuters) - Top executives at major businesses last year made as much money in one day of work on the job as the average worker made over the entire year, according to a report released on Wednesday. (from Yahoo.com)

How does severe economic inequality affect for a society? Let's see:

  • Inequality reduces trust. (study)
  • Inequality increases crime. (news article)
  • Inequality increases poverty, which itself has myriad effects (greater dependence on government assistance, more crime, malnourishment, etc.)
  • Inequality reduces educational opportunities for the poorer.
Those are just a few things, with a couple of references (for more information, Google something like "effects of economic inequality"). As you can see, every single one of the societal effects are negative. Who benefits? The rich, of course. Yet, they have their own issues.

So, why do people propagate inequality?
Hmmm...an empty list. I can't think of any good reasons. Can you?