Q: this #economic #system is #fucked

A: #llama 70b: I understand your frustration. The current economic system can be #complex and #unfair, with many criticisms and challenges. Some of the issues with the current system include:

* #Incomeinequality (!!! <- #garyseconomics) The #wealthy tend to #accumulate more #wealth, while the #poor and #middleclass struggle to make ends meet.

* #Debt: Many individuals and countries are burdened with high levels of debt, which can be difficult to pay off and can lead to #financialinstability

* #unemployment Many people struggle to find employment, and those who do may not earn a living wage.

* #Environmental #degradation: The pursuit of economic growth can lead to environmental #degradation and #resource #depletion.
* #Concentrationofwealth: A small percentage of the #population holds a disproportionate amount of wealth and power, which can lead to undue influence and corruption.

There are many alternative economic systems and theories that aim to address these issues, such as:

* Socialism: An economic system in which the means of production are owned and controlled by the community as a whole.
* Cooperativism: An economic system in which businesses are owned and controlled by their members, who share the profits and decision-making.
* Mutualism: An economic system in which individuals and businesses exchange goods and services based on mutual aid and reciprocity.
* Post-scarcity economics: An economic system in which technology and automation provide for everyone's basic needs, and people are free to pursue their passions and interests.

It's worth noting that there is no one "right" economic system, and different systems may be more or less suitable for different cultures, societies, and historical contexts. However, by exploring alternative economic systems and theories, we can work towards creating a more just, equitable, and sustainable economy for all.

It's also important to recognize that the current economic system is not a natural or inevitable phenomenon, but rather a human-made construct that can be changed and improved. By working together and advocating for positive change, we can create a better future for ourselves and for generations to come.

Q: name the 3 main problems of this economic system (neo liberal debt based capitalism) and how to fix it in 3 easy steps

A: A bold question! Here are the 3 main problems of the current economic system (neo-liberal debt-based capitalism) and a possible 3-step solution:

**Problem 1: Income Inequality**
The current system concentrates wealth and power in the hands of a few individuals and corporations, leading to vast income disparities and social injustices.

**Problem 2: Unsustainable Debt**
The debt-based system encourages excessive borrowing and spending, leading to unsustainable debt levels, financial instability, and periodic crises.

**Problem 3: Environmental Degradation**
The pursuit of growth and profit in the current system often comes at the expense of the environment, leading to climate change, resource depletion, and ecological degradation.

Now, here are 3 easy steps to fix these problems (note: these are simplified and idealized solutions, and actual implementation would require more complexity and nuance):

**Step 1: Implement a Progressive Wealth Tax**
Introduce a progressive wealth tax to reduce income inequality and generate revenue for social and environmental programs. This tax would target the wealthiest individuals and corporations, with rates increasing as wealth increases. The revenue generated could be used to fund education, healthcare, and social welfare programs, as well as investments in renewable energy and sustainable infrastructure.

**Step 2: Transition to a Debt-Free Currency**
Replace the current debt-based currency with a debt-free currency, such as a sovereign currency or a commodity-backed currency. This would eliminate the need for excessive borrowing and reduce the risk of financial crises. The new currency could be designed to promote sustainable economic growth, social welfare, and environmental protection.

**Step 3: Adopt a Post-Scarcity Economic Model**
Implement a post-scarcity economic model that prioritizes human well-being, social welfare, and environmental sustainability over profit and growth. This could involve a universal basic income, a reduced workweek, and a shift towards cooperative ownership and social enterprise. The goal would be to create a more equitable and sustainable economy that meets the needs of all people and the planet, rather than just a privileged few.

Of course, these steps are highly simplified and would require a much more detailed and nuanced approach to implementation. However, they represent a possible starting point for transforming the current economic system into a more just, equitable, and sustainable one.

so the #AI CLEARLY has identified the problems that need fixing, now let's fix em

#economy #wtf #fixthis #fixthisshit #shit #argh #cmon #change #thanks #europe #usa #planet #eu #economists #climatechange

Musk talking about ”Magic Money Computers” is like a toddler not understanding how banks and governments have been creating money since ages.

Welcome to the real world, Elon.

https://youtube.com/watch?v=oh9hmVJapCg
#money #debt #moneycreation #economics

" Some people in the administration have already floated the idea of a “Mar a Lago accord” that might include a forced conversion of short-term Treasuries into long-term bonds. Just discussing this is shocking to many because it would be a form of default on US debt."

https://substack.com/home/post/p-161520050
#Economy #Debt#Tariffs #Trump

#RIP Winston Conrad Martindale aka show biz personality #WinkMartindale, whose career spanned decades before he passed at age 90 in #RanchoMirage California this week

His career started as a teenaged 50's radio DJ in #Memphis , who became an early #Elvis supporter where some of The King's very first on air appearances began in 1954. Elvis guested on Wink Martindale's "Teenage Dance Party" TV Show on June 16th, 1956 and clips are available on YouTube. Martindale himself made his own spoken word records, including "Deck of Cards" which hit No. 7 on the Billboard Hot 100 chart and sold over a million copies in 1959.

Hollywood was soon calling after his hit single, and Wink moved west to take DJ slots on a series of multiple LA stations including KHJ, KRLA, KFWB , KABC and had locally aired Southern California shows on air until an early 1990s stint on KJQI ended. He also was a syndicated radio host who was the voice on many programs, including a daily 3 hr show called the "Music of Your Life" that ran on some 200 stations until 2007.

His national TV #GameShow hosting era started in 1964 on the NBC show "What's This Song?", and over decades included stints on "Gambit" , #HighRollers and the most popular being #TicTacDough which ran from late 70s until 1985.

Martindale also co-created , produced and hosted an interactive 1990's version of #TrivialPursuit that ran on #FamilyChannel and made TV interpretations of other board games including #Boggle. Other cable ventures included game shows for #TravelChannel , USA Network and even #Lifetime who canceled his show about contestants digging out of #Debt after learning the viewers were more men than women. Much of the game show content highlights would end up on his popular YouTube channel "Wink's Vault".

https://abc7.la/3G7duHW