Mastodawn

WombatDhampir Apr 23

I guess what bothers me most about 2026-era macro economics is how shameless it all is. The wealthy are siphoning the world's entire economic surplus into a harebrained attempt to replace workers with data centers, and they've captured society so thoroughly that we're just letting them. If they succeed, what do you think the world will look like? If they don't, you can bet the consequences will not be carried by these clowns themselves.

𝓼𝓮𝓻𝓪𝓹𝓪𝓽𝓱【ツ】☮(📍🇨🇦)Apr 23

@marijn they do it by printing momey to build put their AI and data centers.

....they dont get the money from revenue.

They can do it because we work for the money they can print to build it and maintain it all for them... why do we do that?

if everyone required them to pay in bitcoin, this would all end very quickly - but yeah, you think bitcoin is bad too so ....i guess they will just continue 🤷‍♀️

Ariaflame Apr 23

@serapath @marijn Oh bless, you think that printing money is the thing they do. How cute.
It has been tried in the past. Hyperinflation is a bit of a wild ride but I'm sure that Trump would be itching to sign a billion dollar note.

Papageier Apr 23

@ariaflame @serapath @marijn The guy'd sign his toilet paper if you'd let him.

𝓼𝓮𝓻𝓪𝓹𝓪𝓽𝓱【ツ】☮(📍🇨🇦)Apr 23

@ariaflame @marijn

yes, thats what they do and then they pay for the data centers and training the models and so much more. ...not really cute though 🤷‍♀️ ..its quite tragic.

You seem to have a different understanding though - mind sharing? 🙂

...and yes - if you have the power of printing amd you fuck it up, you might cause problemsnincluding hyperinflation and potentially that even can endanger your powerful position, so it is recommended to be smart about it i guess.

𝓼𝓮𝓻𝓪𝓹𝓪𝓽𝓱【ツ】☮(📍🇨🇦)Apr 23

@ariaflame @marijn just to clarify.
i'm talking about loans/debt to expand the money supply to buy the lion share of the fruits of our labour and strategically bail out, buy and consolidate the means of production of this world.

...might wana just quickly google total global public debt and ita growth and total global private debt and its growth.

they grow faster and faster every year as a result of everything getting fore K shaped (= rich get richer, poor get poorer) ..and now we see fascism

Ariaflame Apr 24

@serapath @marijn Oh they aren't spending their own money, it's all the same 100 billion going round and round. And more and more data centres are being delayed or cancelled. They train models like all billionaires do, by exploiting people living in poverty.

𝓼𝓮𝓻𝓪𝓹𝓪𝓽𝓱【ツ】☮(📍🇨🇦)Apr 24

@ariaflame @marijn

its not the same money going around and around.

they pay for resources and thry pay for salaries and energy. Its a complex supply chain and people work at every stage. The money is spent. Its costs, but they pay from printed money - this includes paying themselves, their businesses, salaries, dividends or share buybacks to increase stock value on paper ...but without the money printer it wpuld all collapse very quickly

Ariaflame Apr 24

@serapath @marijn I touch physical money maybe twice a month. Less than 20AUD.

𝓼𝓮𝓻𝓪𝓹𝓪𝓽𝓱【ツ】☮(📍🇨🇦)Apr 24

@ariaflame @marijn

okay, maybe that is a misunderstanding or i'm not sure what you mean in your response.

the capitalist class does not "print physical cash" - its not literal money printing.

They take out loans directlt or indirectly, which mints digital bank deposit money, but at ever faster and larger scales and it wont get paid back. they just take out larger loans next time to roll over previous ones... this de facto printing is the essence of the capitalist class privilege 🤷‍♀️

Ariaflame Apr 26

@serapath @marijn Ah, so you're saying it's easier to make a million into 2 million than 1 dollar into 2 dollars? I would agree.

𝓼𝓮𝓻𝓪𝓹𝓪𝓽𝓱【ツ】☮(📍🇨🇦)Apr 26

@ariaflame @marijn

yes.
but by doing this all the time as a "modus operandi", ...for funding startups for their nepo babies or bailing out the various companies in their portfolio, or to bribe/buy politics, or to campaign/compete against independent successful alternative businesses, or by bribing/buying the "core people" in an alternative competing business or straight out buy the entire successful alternative business and integrating that into their means of production ...

𝓼𝓮𝓻𝓪𝓹𝓪𝓽𝓱【ツ】☮(📍🇨🇦)Apr 26

@ariaflame @marijn

...they essentially use their capitalist money printing class privilege to prevent progress in order to "save/consolidate their power" ...the costs for their printing is what we all pay for via inflation, including unaffordable house prices.

The rich print money and spend it immediately to buy up stuff, and if that increases prices they just print more, so they can always afford it all, but we who cant print lose out

Ariaflame Apr 26

@serapath @marijn Well, it doesn't always work out for them. Occasionally they follow a fad into failure and lose all their money.
But it would be nice if there were more checks and balances to limit their power coupons.

𝓼𝓮𝓻𝓪𝓹𝓪𝓽𝓱【ツ】☮(📍🇨🇦)Apr 26

@ariaflame @marijn

it always works out for them.

the question is if it works out for us.
we always pay the price, they never do.

if they succeed in creating something they own and we use (e.g. amazon, uber, airbnb, instagram...) we use it and pay for it with money or indirectly by them selling our data and we get ads.

if they dont succeed, prices rise and houses etc... become even more unaffordable.

they never have problems. they print to bail themselves out if needed.

𝓼𝓮𝓻𝓪𝓹𝓪𝓽𝓱【ツ】☮(📍🇨🇦)Apr 26

@ariaflame @marijn

thats what limited liability & offshore shadow banking is all about.

But even without that.
The ultrawealthy capitalist class can always take out loans to do whatever and refinance them with future even larger loans ad infinitum. ... they never actually have to repay anything like normal people do.

its essentially the biggest scam/ponzi scheme of human history - thats capitalism in a nutshell

𝓼𝓮𝓻𝓪𝓹𝓪𝓽𝓱【ツ】☮(📍🇨🇦)Apr 24

@ariaflame @marijn

billionaires or the capitalist class borrows against their assets (=prints fiat money) to fund and grow their ventures, monitor the economy to see what grows in value and buy that.

If the fail, they are shielded by limited liability of their various legal vehicles (companies) to get rid of debt, ...but mostly its structured to be refinanced not repaid.

Bogdan Buduroiu Apr 24

If everything was Bitcoin, you'd have endless austerity.

Money not being a commodity is beautiful, actually.

𝓼𝓮𝓻𝓪𝓹𝓪𝓽𝓱【ツ】☮(📍🇨🇦)Apr 24

@budududuroiu @marijn

Bitcoin isnt really a commodity, its more like a network contract ppl can join.

Austerity is a complex phenomenon.

Nobody said anything about tax cuts or stopping government spending.

Also governments already successfully prosecute and confiscate funds and continue to do so if anyone commits tax fraud (its much more transparent)

BTC stops the capitalist class from draining us by printing money via VCs to spend it on their nepo kids which inflates house etc.. prices

𝓼𝓮𝓻𝓪𝓹𝓪𝓽𝓱【ツ】☮(📍🇨🇦)Apr 24

@budududuroiu @marijn

Whether its web3/crypto or trump paying lip service to bitcoin, its always capitalists framing bitcoin as great and adopting it would drain governments, so that ppl get afraid and wont adopt bitcoin ...which is actually what capitalists want and it works... sadly :/

Bogdan Buduroiu Apr 24

Bitcoin is finite, you can't print Bitcoin. When you need to stimulate your economy in a recession by investing in industry, please enlighten me about the bitcoin-based mechanisms that would allow you to run a budget deficit, or to devalue your currency to be internationally competitive in terms of trade?

𝓼𝓮𝓻𝓪𝓹𝓪𝓽𝓱【ツ】☮(📍🇨🇦)Apr 24

@budududuroiu @marijn

Since 2008, printing money mainly benefits the capitalist class. Musk & Co. are as rich as they are exactly because of that. So by stopping "socialism for the rich", most of the problems disappear already. e.g. covid funds was mainly for billionaires

Another austerity issue is all fiat is debt based and repaying takes money out and in "austerity times" this continues... and debt is as high as never before in history, and the debt is mostly billionaires printing.

𝓼𝓮𝓻𝓪𝓹𝓪𝓽𝓱【ツ】☮(📍🇨🇦)Apr 24

@budududuroiu @marijn

we urgently need to continue organizing worker coops, mutual aid networks and solidarity in general, because defubding the capitalists will take an effort. Keeping the ability to print will mainly benefit the capitalist class (like it always has) ...covid is the best example. Some people who were employed were funded/bribed as well, but many werent and in general only the capitalist benefitted most from the enormous wealth transfer to the rich.

𝓼𝓮𝓻𝓪𝓹𝓪𝓽𝓱【ツ】☮(📍🇨🇦)Apr 24

@budududuroiu @marijn

The rich capitalists are bankrupt since 2008, but use their money printing privilege to keep it going. The means of production are mainly enormous costs (renew facilities, pay for energy and input resources, pay for labour, etc... also pay upkeep for you mansions and sport cars and yachts etc...)

Without enough revenue tbey will lose their wealth fast and their main leverage point is money printing, this is a real issue.

@marijn haven't found a nice way to articulate it yet but it feels very status quo, standard power grab / games as opposed to some new political reaity, yet the consensus seems to be "it's done interesting things, therefore yeehaw…"

Madagascar_Sky Apr 23

Post-industrial feudalism? I think that's what silicon valley's favorite mad philosopher recommend to all the deluded fucks. I wonder when the corpo wars will start in earnest.

Toni Aittoniemi Apr 23

@marijn Dystopia, ecocide & perhaps a revolution

Roy #EatTheRich Pardee 🇺🇸 🇮Apr 23

@marijn what really breaks my heart is imagining if all that capital had been devoted to converting to renewable energy...

Margret Kuarell Apr 24

@marijn and they already moved on to the next siht https://m.youtube.com/watch?v=0_ItmnR9r_g

Maybe Society Shouldn't Be Based On Gambling? - SOME MORE NEWS

YouTube

Jonathan Schofield Apr 24

@marijn The MO generates clowns https://mastodon.social/@urlyman/116430466415714704