Sure, but it will have to change eventually, we can’t keep pumping out more and more throwaway shit year after year, there will be a critical mass, or maybe we just die buried in our own garbage.
It seems the nature of things are changing from physical things to digital things, and that has infinite potential. I expect at some point we’ll start mining the landfills because it’s easier than extracting stuff from the rock. Once that happens, there’s no physical limit on the greed.
Well, what’s already happening is circular self-contained greed “economies” were money (not actual wealth just value-tokens such as money but also assets which have valuations expressed in said value-tokens, from crypto coins to realestate and stocks) is made from merely money being passed around whilst no actual value is created (in fact, value is mainly destroyed as those things are consuming actual resources to produce no real value at all, only boost the count of value-tokens)
This is destroying the capability of currently accepted value-tokens to actual represent an underlying utility value.
In other words, thing like stocks but also things like currency are decoupling from the underlying value they used to represent:
Stocks were a share of ownership in a structure - the company - that created things, either directly - manufacturing, extraction - or indirectly by increasing the efficiency of direct value creation - i.e. services that indirectly made manufacturing or extraction more efficient or helped in distributing the products of those - whilst nowadays the most “valuable” by market capitalization of stocks have almost purely speculative valuations or are for companies in rent-seeking activities which don’t create value but merely take a share of the value created by others.
Currency used to be (and still is to a large extent) value tokens which were a claim on the value produced by the Economy. What we’re seeing is that as more of those value tokens are created in those circular “economies” each token can claim less and less quyantities of the traditional underlying value things - just notice food inflation. Also rent-seeking activities (such as realestate investment) have even faster devalued how much each value-token can claim. Whilst official Inflation numbers don’t tell us this story (there is a strong motivation for politicians to have Officially recognized Inflation be lower than reality, because Mathematically that makes GDP seem larger), most people are actually feeling the real Inflation, especially in the most ancient and required concrete assets: Food and Housing.
I expect that something is going to break, though I don’t know when and exactly how it’s going to materialized (though the way the ultra-wealthy are trying to transform the powers they captured from Democratic to Autocratic, leads me to believe that they’re preparing for a break in the functioning of the current value-tokens by having a more direct control over just about everything than indirectly by merelly holding lots of value-tokens).
The societal consequences of the value-representation structures we have (literally, of thing like money, stocks and even certificates of ownership) unwinding would be huge.
Inifnite potential? Like NFTs? Subscriptions? I suppose… I’m beyond not interested in buying digital things I don’t even have the rights to, but I seem to be in the minority.
Whether you have the rights is kind of irrelevant to this discussion. Let’s say it’s GOG games that are all DRM-free, my point is digital consumption has nearly infinite upper limits for consumption.
Sure, but it will have to change eventually, we can’t keep pumping out more and more throwaway shit year after year, there will be a critical mass, or maybe we just die buried in our own garbage.
It seems the nature of things are changing from physical things to digital things, and that has infinite potential. I expect at some point we’ll start mining the landfills because it’s easier than extracting stuff from the rock. Once that happens, there’s no physical limit on the greed.
Well, what’s already happening is circular self-contained greed “economies” were money (not actual wealth just value-tokens such as money but also assets which have valuations expressed in said value-tokens, from crypto coins to realestate and stocks) is made from merely money being passed around whilst no actual value is created (in fact, value is mainly destroyed as those things are consuming actual resources to produce no real value at all, only boost the count of value-tokens)
This is destroying the capability of currently accepted value-tokens to actual represent an underlying utility value.
In other words, thing like stocks but also things like currency are decoupling from the underlying value they used to represent:
I expect that something is going to break, though I don’t know when and exactly how it’s going to materialized (though the way the ultra-wealthy are trying to transform the powers they captured from Democratic to Autocratic, leads me to believe that they’re preparing for a break in the functioning of the current value-tokens by having a more direct control over just about everything than indirectly by merelly holding lots of value-tokens).
The societal consequences of the value-representation structures we have (literally, of thing like money, stocks and even certificates of ownership) unwinding would be huge.
Inifnite potential? Like NFTs? Subscriptions? I suppose… I’m beyond not interested in buying digital things I don’t even have the rights to, but I seem to be in the minority.
Whether you have the rights is kind of irrelevant to this discussion. Let’s say it’s GOG games that are all DRM-free, my point is digital consumption has nearly infinite upper limits for consumption.