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Rebel Economist (Free)

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111 contributions to Rebel Economist (Free)
Another way into the 'Dawn of Everything' book's message
See - https://www.theguardian.com/global-development/2025/feb/06/ancient-garden-cities-amazon-indigenous-technologies-archaeology-lost-civilisations-environment-terra-preta It presents the same sort of evidence as Graeber and Wengow's book does, but this time with technical details and pictures ! That book's message from the past is that the 'nobel savage' view of the deep past, assumed by Hobbes and Locke, with its supposed inevitability of top-down authoritarian rule (lots of varieties to choose from) as human communities increased in size, is wrong. The above article says - "These lost rainforest cities may seem to have little in common with today’s steel and asphalt behemoths but according to experts, early Amazonian metropolises are remarkable for what they tell us about the way ancestral urbanites lived off the land without trampling it.". Quoting Eduardo Neves, of the University of São Paulo, it also says - “We can safely say that biodiversity in the Amazon only exists because, and not in spite, of its inhabitants, who safeguarded their environment by transforming it,”.
1 like • Feb '25
I dunno man. If the ancients had the ability to ravage their environment they probably would have. They lived in harmony with nature out of dire necessity. This *gave rise to* a cultural appreciation of nature and environment. It was not because they inherently understood the problems of political economy being intertwined with ecology. They composted because they *had* to compost, not because they did not want to spray nitrates and organophosphates around. I reckon their political mix would've been much like ours today. The bastards among them would've forced artificial fertilization and OP pest control and forced the peasants to work the land. Am I too cynical?
1 like • Feb '25
@Alwyn Lewis Yes. They did not have the capacity to ravage their environment. They did not have the "luxury" of being selfish. I just wrote in the vein of "if they could have." Basically, I am highly anti-libertarian and anti-oligarch. So felt the need to point out today right now we have little need to appeal to ancient harmonies with nature. Most people today are still inherently good and would like harmony with nature, but the powers that be will not allow it.
Trump's chainsaw
I've written elsewhere about how the far-Right are sawing off the branch of the Tree of Prosperity they're sitting on. A Guardian journalist, Nesrine Malik, says the same. See - https://www.theguardian.com/commentisfree/2025/feb/10/donald-trump-remaking-world-international-doctrine In conclusion, she says - "And so he takes the US with him, roiled and destabilised, into a world where its ability to advance whatever agenda it wishes at any time is increasingly undermined by its own moral and political collapse, and by the rise of other nations and arrangements that are rewriting the global order. It is the end of the end of history. A new chapter begins – nakedly transactional, more crowded, where political power is far more up for grabs. Trump could, by withdrawing in parts and aggressively asserting in others, create at once both a vacuum and a provocation that could catalyse that process. The irony is that as Trump casts a large, dark shade, more and more of the world is coming out of the US’s shadow."
1 like • Feb '25
That last sentence is critical to stay the doom-mongering.
Blair Fix - on American plutocracy
Fix has just published what looks like a masterwork - about 15,000 words analysing the emergence (or should that be re-emergence?) of plutocracy in America in recent decades. See - https://economicsfromthetopdown.com/2025/01/31/partisan-politics-and-the-road-to-plutocracy/ He starts by quoting the Ancient Greek philosopher Plutarch, saying - " [H]e who has more than enough and yet hungers for still more will find no remedy in gold or silver … for his ailment is not poverty, but insatiability and avarice. — Plutarch, ‘On love of wealth’ " Fix continues - "As billionaires dance in the halls of the second Trump administration, it’s haunting how well Plutarch’s two-thousand-year-old words describe the state of American politics. It’s a barren landscape of plutocratic insatiability. How did it get this way?". Fix's 'near-book' is as usual replete with diagrams, graphs and data. It has a useful 'Contents' section, showing how broad-ranging his analysis is. He concludes with what I think is an ingenious and revealing metaphor, saying - "In my mind, this evidence illustrates how the trappings of democracy can be used to ensconce plutocracy. As the rich get richer, they use their time and resources to become information-sucking machines. Meanwhile, as the poor get poorer, they fall into a pit of political ignorance where they become easy victims of propaganda. In a sense, this asymmetry is why reactionary politics are so easy, and why progressive politics are so difficult. Reactionary politics push snake oil downhill. Progressive politics push knowledge and solidarity uphill.". It's Greek myrh rather than philosphy, but maybe Fix should have ended his analysis with Sisyphus, condemned to push a great mass uphill during the day, only to have it roll back down overnight.
2 likes • Feb '25
Not good philosophy(?), at least not good language. In philosophy language is very important. It is not "the trappings of democracy", it is "the trappings of false democracy"
2 likes • Feb '25
BTW, I meant to write "... trappings and veils of false democracy..." the nuance is important, because it is the false appearance of democracy that really does a lot of damage. You hear more often these days journalists reporting on things saying things like, "They have no faith in democracy anymore!" It's disgusting reportage, because it plays into desire for fascism etc. There is nothing worse than a false prophet. People have no trust in those running the government anymore. But since we do not have actual democracy that cannot be said to be a loss of faith in democracy. It is exactly the same with dummies who follow Nietzsche, who claim "God is Dead". Well, yes he is, because *their* concept of God was a false one. Whereas the *actual* God is to us a transcendent concept, and absolutely Unknowable, so cannot be "killed".
A journalist who cuts through the hype about AI & DeepSeek
Here I think is a journalist who doesn't have a technology background, getting to the nub of the matter. See - https://www.theguardian.com/commentisfree/2025/feb/02/deepseek-ai-veil-of-mystique-tech-bros-fear He gets the point, which folk at Skool have already grasped, that the long-term impact is economic, saying "The true impact of DeepSeek is not on the technology but on the economics of AI." After reviewing the situation and its external connections, he concludes - "Concerns about privacy, censorship and surveillance, rightly raised by amodel such as DeepSeek, can help obscure the reality that such issues bedevil all AI technology, not just that from China. Particularly at a time of threatened trade wars and threats to democracy, our capacity to navigate between the hype and the fear assumes new importance.". Does AI have a viable future as a tool-component of some other practical and reliable product, sold commercially? Do such business models exist? Or are the unreliability and privacy weaknesses of AI (as currently implemented, via external Internet-accessed mix of 'scraped from anywhere' and official data-sources) too great? The issue is surely that material on Internet has no mediation, there's no gatekeeper or editor-in-change, it's totally disintermediated. Any old guff can appear in the 'global-village database'. That effectively asks "Can a sufficiently good AI run standalone, accessing a local database of known quality?". Which is what some Skool folk are exploring, I think.
1 like • Feb '25
Yeah, but "Any old guff can appear in the 'global-village database'" was always true up to available resource limits. You cannae change the laws of physics, so Ai tech (which is not artificial 'intelligence' but *"statistical algorithms for inference string generation"*) is fundamentally limited by what the human mind can conceive and what electricity and GPU's we can generate. It can speed up production, especially of computer programs, and can help with a lot of robotics automation bottlenecks (up to the new GPU+electricity bottleneck) but cannot solve our *spiritual problems* --- which are about honesty, trust and kindness. A faster rentier is just a faster ꕗꗇꕷꖡꗇ𐝥ꕒ. With so much electricity devoted to grift and scams like Grammerly (who tf needs that?!) and crypto, rando image & vdo generation for non-artists, etc., the big worry is not only the tech broligarchs, but energy waste on useless activities and pointless production... in the hopes one's lame useless product will sell for profit. I think the road we are on is very clear in big picture, and the exit ramp is spiritual education. As long as governments prop up the cloud capitalists we are screwed. Not propping them up is a spiritual act of parliaments, because it requires the capacity to realize one's view of macroeconomics was wrong, and that the purpose of the currency is to drive real production for public purpose, not private profit. Knowledge and wisdom are spiritual virtues.
The Austrian School of Economics
In my judgement, the Austrian School is A LOT closer to Keens thinking about economics than neoclassical stuff. They claim that markets are usually in disequilibrium for example. How right am I? Also I think we should adress the two kinds of roles the government has in economics. People often link wealth redistribution or stuff like that going on in depressions to the government doing something. However, when the Austrian economists say that government intervention should be minimal I think they mean in terms of price controls and stuff rather than redistribution or altering of interest rates (central bank).
1 like • Jan '25
Yes, the disequilibrium and *concept* of the importance of complex dynamics is what the Austrians get right. But their models are nuts. So when you say "a LOT closer" you mean in just one purely abstract conceptual area among many. You can tell they screw up even the concept: "big" governments are the only way capitalists ever get out of a demand slump depression. The better liberal democracy idea is to have non-invasive government in private lives, but big spending government otherwise in the public spaces. Government hires all the unemployed the government generated (why would they not? heavy on the rhetorical!), but not for slave labour, rather for doing nice things for others. Austrians have no concept for this, it's anathema to them. A dynamical model is only good if it is founded on the realities of state monetary operations, not the false concept of commodity money. There never has been a commodity money in all human history. The token form used for the unit of account is not what is important, and ideally should be intrinsically worthless. Austrians ruin their dynamics further with layers of crud. They have the driver of demand for the worthless fiat currency wrong, and they have the interest rate story backwards too. In macroeconomics two backwards understandings do not cancel to make the model right.
0 likes • Jan '25
@Jack Herb The owners of capital.
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Bijou Smith
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@bijou-smith-2742
Theoretical physicist, macroeconomic justice activist. Sometime tutor and teacher.

Active 385d ago
Joined Jan 20, 2023
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