Always. If inflation runs away, the poor suffer. If we get stuck in a deflationary cycle the poor suffer. Apparently it is impossible to construct an equitable system that works without gross inequality (spoiler: it isn’t but some people love inequality and will do anything to prevent things being distributed more equally.)

It provides a reason for them not to just “take their ball and go home” once they have a pile of money.

If that’s the reason for it it’s not doing its job. Investments are much like savings to high net worth individuals and their investments are managed by someone else and they simply lay in the cut and collect dividends. Yes there is a risk to investments but if you’re in a good wealth fund then over time you’re almost guaranteed to win even if you have disastrous months here and there.

Yes, this is true but you also have to factor in the marginal propensity to consume, or in plain English, the poorer you are the more of your income you have to spend on necessities like rent or groceries.

There are always high interest investments available to people with a large amounts of spare cash floating about even when inflation is low.

If your rent + utilities + food = your income then you ain’t hoarding money even in a deflationary spiral.

This is because inflation isn’t a bug it’s a feature.

Anything that transfers wealth up the chain, from working class to middle class and from middle class to upper class, is a feature of the western economic system.

For example, in England and Wales the Bank of England is charged with keeping inflation at a target of around two per cent. This means that the pound in a workers pocket is supposed to devalue. The advantage is that the government borrows money in its own currency so inflation means that its debt goes down (in real terms) when inflation goes up.

I kind of believe that she might have come from aliens…

I was here to say…

When is the sequel to Industrial Society and its Future coming out?

Yep, people here in England and Wales (Scotland has a similar system too AFAIK) are remanded in custody if they constitute a flight risk or a danger to the public at large. There are no bonds.

Just FYI, the CEO of Fable Studios is one Edward Saatchi. His father is Maurice Saatchi whose advertising agency was partially responsible for ten years of Conservative rule under Margaret Thatcher. The family absolutely has previous with union bashing.

Make Medium Readable Again

Thanks for that, I shall install it if I find a lot of interesting content is posted on here from there.

Thanks, I didn’t see it and now have read it :) That Medium sign in method really sucks though.

Thanks, I didn’t see it and now have read it :)

Can someone post the text? Medium won’t let me sign in.

I just do Camembert and grapes in a bit of buttered French stick but your combo sounds very tasty.

I used to hate tomatoes too. Couldn’t figure out why my brother and mother would eat them all the time, they dipped them in salt even. At some point I started liking foods made with tomatoes like pizza and so on. The point at which tomatoes started making sense to my is when I worked out they were a fruit, so rather than waiting for a savoury taste I knew I was getting a slightly less sweet grape. And then I deduced from that you could have a grape and Camembert sandwich. If you haven’t tried this combo, you’re missing out.

Could be that they’re seeking exhaustion so that can push more of their privacy breaking bullshit in international trade agreements.

Yes it’s not ‘public’ in a broadcast sense but it’s in the ‘no reasonable expectation of privacy’ bracket.

I look forward to the aliens response being something along the lines of, “You’re God’s best boys and girls, yes you are, who are blessed little ape-beings? You are, yes all of you.”

It could be that what you’re saying is correct but this post suggests otherwise.

Only server admins can see votes

But anyone can run a server.