Showing posts with label communism. Show all posts
Showing posts with label communism. Show all posts

Social Strata Recycling: It's the Recycling Economy Stupid

 While I'm certainly not a fan of communism or any system that concentrates authority in a smaller number of bullyboy hands, I do respect Karl Marx's economic theories. Compound interest rewards those who save - who tend to be those ABLE to save.  If you are born to slaves or paupers, and have no choice but to lift your bucket where it is and lift as you climb, you are extremely unlikely to become self-made in a single generation.

It's the Recycling Economy Stupid.


That said, teaching people that it is hopeless to lift their buckets as they climb is cruel and unusual, historically speaking. The empowerment of resentment - Marx's elixer for proletariat revolution - has little evidence of building wealth in society at large. Most people benefit from a smaller slice of a bigger pie than taking away another person's piece and re-distributing it among sharp elbowed bullies.

Warhol Billionaires: The Good News about Phishing, Piracy, Bank Account Compromises

I've done a calculation based on the increase in news stories about proxy bank account compromises, phishing, identity theft, and piracy.

It turns out, at the current rate of increase of online bank fraud attempts, hacking, and proxy server compromises, that we can now project the following:   in the next 50 years everyone in the world, all 13 billion, will be billionaires...  For 15 Minutes of Wealth.   At that time their "15 minutes of life savings" will be snatched and re-deposited to the next billionaire.  And so on, and so on.

It's actually better than Communism, maybe.  The wealth will learn to move so fast that people won't be able to possess it long enough to be spoiled by it.