en.osm.town is one of the many independent Mastodon servers you can use to participate in the fediverse.
An independent, community of OpenStreetMap people on the Fediverse/Mastodon. Funding graciously provided by the OpenStreetMap Foundation.

Server stats:

251
active users

#being

0 posts0 participants0 posts today

 
#Time #Travel #Question

At the #Krononaut #Moon #Project we think of a #TimeTraveler as a kind of #being who navigates between or outside of known #dimensions.

Such an #entity could be #sentient, or could be a 'signal' sent from a #consciousness in a distant #spacetime, possibly via #particle beam. What would be a good #term for describing such a #signal, which may have already landed here? Should it be called a #message, or is there a better #word for it?

Nobel Laureate economist #Angus #Deaton has delivered a ferocious rebuke to his own profession, saying economists have failed to understand that ⭐️capitalism is about power.⭐

Deaton lobs a series of truth bombs at his own profession, the result, he says, of “changing my mind, a discomfiting process for someone who has been a practising economist for more than half a century”.

These include:

🔸“We have largely stopped thinking about #ethics and about what constitutes human #well-#being”.

🔸If “economists should focus on efficiency and leave equity to others, to politicians or administrators… 🔹the others regularly fail to materialise🔹, so that when efficiency comes with upward redistribution
— frequently though not inevitably
— our recommendations become little more than a #license for #plunder”.

🔸#Historians, who understand about contingency and about multiple and multidirectional causality, often do a better job than economists of identifying important mechanisms…”

🔸Far from being “a nuisance that interfered with economic (and often personal) efficiency”, #unions “once raised wages for members and nonmembers, they were an important part of social capital in many places, and they brought political power to working people in the workplace and in local, state, and federal governments.

🔸Their decline is contributing to the falling wage share, to the widening #gap between executives and workers, to community #destruction, and to rising #populism.”

🔸“I am much more sceptical of the benefits of free trade to American workers and am even sceptical of the claim, which I and others have made in the past, that globalisation was responsible for the vast reduction in global poverty over the past 30 years”.

🔸Immigration contributes to inequality.

But Deaton’s main point is a recognition of how #power distorts #policy:
“Our emphasis on the virtues of free, competitive markets and exogenous technical change can distract us from the importance of power in setting prices and wages, in choosing the direction of technical change, and in influencing politics to change the rules of the game.”

crikey.com.au/2024/03/12/nobel

Crikey · Nobel laureate economist savages his own profession as clueless and unethicalNobel Laureate economist Angus Deaton has delivered a ferocious rebuke to his own profession, saying economists have failed to understand that capitalism is about power.

#Trump compared #Navalny’s death to his own legal circumstances, and did not blame it on Russian President Vladimir #Putin, as President Biden and U.S. allies have.

“You wonder, what does Putin have on Donald Trump that he always has to be beholden to him, his buddy in vileness?” #Pelosi said in an MSNBC “Inside with Jen Psaki” interview on Monday.

She said Trump’s statement was “beneath the dignity of a #human #being.” 

thehill.com/homenews/campaign/

The Hill · Pelosi: Trump comments on Navalny’s death ‘beneath the dignity of a human being’By Nick Robertson