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Cake day: December 6th, 2024

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  • I just want to inject here my experience in Britain during the 2008 Crash and its aftermath:

    In Britain, the Finance Industry was 17% of GDP, so when the Crash happened the country was disproportionally hit.

    After the crash the autorities chose to protect Asset Owners above all:

    • Interest rates were lowered to 0%, thus protecting lenders (i.e. those with the money to lend or ownership of Banks which in the modern system can de facto create money: if you don’t believe me, read the paper “Money Creation In The Modern Economy” from the Bank Of England) from debt defaults, also indirectly protecting Asset Owners by avoiding asset firesales from collateral confiscated after a default thus avoiding the associate asset price falls, most notably for Land and Housing (in the UK the Housing bubble never really stopped being inflated and Land Ownership is the core of Old Wealth)
    • Banks were unconditionally saved by the state taking a share in them. That Public share was then put under management of a group made up of bankers “so that the government doesn’t interfere in the market”. De facto pressure for changing from the very practices that had cause the Crash was removed and most of the people having the blame for the failures of the Crash kept their positions of privilege.
    • All this was paid by most people through Austerity. Public services were cut, Social Security (aka "Benefits) were reduced, salaries stagnated. The poorer one was the worst they got hit.

    By 2015 the incomes of the top wealthier 10% of the population were growing in real terms 23% per year whilst the bottom 90% were seeing their incomes fall 1% per year in real terms.

    This was roughly how things went for about a decade after the Crash. UK inequality is nowadays huge, social mobility near non-existent, average incomes when measured in a currency other than the pound - which went down following Brexit - have stagneted, overall economic growth is anemic and concentrated in highest wealth layers since that “growth” told by official GDP numbers is mostly asset prices going up.

    This is the process by which the billionaires make sure they win: everybody gets hit more or less in a Crash, but in during the subsequent period when the state is supposedly trying to fix it, you get also sorts of “extreme measures required by extreme times” that, “curiously”, help the billionaires the most, so some years later everybody but the wealthiest slices of society are worst of whilst the wealthiest are much richer even than before the Crash.

    I expect the plans of the billionaires who are cozying up with Trump is exactly to end up richer via this process.




  • Having lived in a couple of countries in Europe, from The Netherlands which has Proportional Vote system and a thus a multitude of small parties to Britain with a First Past The Post system like the US and thus pretty much a Two Party System, I’ve concluded that at least in Politics stability is just like standing water - it invariably turns into a swamp.

    We need some amount of constant change to bring up and flush out the rot that innevitably accumulates in the murky waters of a system were power is always in the hands of a subset of people who are all in the same social circles, went to the same schools and whose sons and daughters marry each other.

    Not “Daily Revolution”, just regular change so that any funny business going on outside the public eye risks being brought to light, destroyed and the guilty people punished because power has changed has to people who aren’t mates of the crooks that did it.




  • Worry not, some of what’s perfectly fine nowadays will eventually be forbidden because how harmful it is for people, from micro-plastics that are being found even in men’s gonads to the excessive amounts of nitrous oxides emitted by diesel engine that kill over ten thousand people per year in Europe alone.

    We probably still breathe and eat a lot of highly carcinogenic shit, just different shit from back in the days when asbestos was considered a great fire-proof substance.


  • Unless things have changed recently LLMs don’t really used slow data stores with very high capacity such as HDDs, at least not beyond the training stage.

    The prices that have been pushed up by AI are for GPUs and DRAM (price rises which in turn possibly feed onwards to other kinds of chip done in the same kind of fab), whilst this stuff is magnetic data storage on movable disk plates, a very different tech.

    I expect these things at most will only be affected in price very indirectly (for example, if memory prices go up because of all the datacenters targetting AI applications, there might be fewer datacenters set up for other kinds of server side application which are more data-centric, which would impact demand for ultra high-capacity HDDs).

    Not that it makes much of a difference to us run-of-the-mill techies as consumers - even if HDDs get cheaper, with many times more expensive GPUs and RAM we can hardly put together new systems using these things, so at best it might just get a bit cheaper to expand one’s large storage NAS (the slower kind just storing data that doesn’t get accessed often, as the other kind uses SDDs).


  • Aceticon@lemmy.dbzer0.comtoLemmy Shitpost@lemmy.worldlightbulbs
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    5 days ago

    Mate, I have a Masters in Electronics Engineering and a partial degree in Physics.

    I just didn’t want to pull the authoritativeness card out, so instead tried to explain things to you from basic principles.

    You’re either confusing some other application with what I was talking about - which was the emitters used in LED light bulbs, the ones which look yellow when they’re switched off, the yellow stuff being the phospor - or you mentally over-generalized something you heard, either to an area were it doesn’t apply or missing the required context to make sense.