You’re doing a lot of conflating again, so let me pull things apart. First, labor excess value being extracted is again not a function of currency. It’s a function of capitalism. In a capitalist system, capital owners are permitted the ability to extract excess from laborers so that they can invest that excess into new ventures. It has nothing to do with value perception. What does have to do with labor perception is how much wealth laborers allow to be extracted from them, which is the whole reason bargaining power is so important in a capitalist system for the labor class.

On fiat currency, in principle it isn’t a terrible idea. What makes the dollar volatile though is that it is a fiat controlled by a single state. The gold standard worked better for the dollar because the value of the dollar would always be in effect controlled by gold supply, but this is something that can be worked out without gold as to avoid gold hoarding. We have modern solutions like crypto that could create an artificial line for the dollar to ride on, but that brings us back to it being easier to just have the dollar represent the buying power of the american market. If you keep that a function of public fiscal policy, it isn’t all that dangerous.

On the Fed, the planning and writing of the bill that established the Fed being a behind closed door meet with the hyper wealthy does not make the Fed a private enterprise. It makes it a public enterprise that was constructed by private interest. Welcome to the home of the free, much of our infrastructure was built by wealthy business owners lobbying congress. That doesnt mean that the Fed can’t be reshaped by the American people, it can, but the American public seems to not like taking the effort it takes to consider a bill that would reshape the Fed. Private interest groups do it instead because there is no competition.

God, post-digg era was peak. When subs like r/fffffffuuuuuuuuuuuu were still active. It was just folks talking about their lives and relating to eachother. Then we all grew up, life got serious, and the culture wars started.

It’s two things. Bots, yes, but also the communities have gotten really lazy. Shit was fire during peak culture war because people were actively trying to learn. Now it’s like everyone gave up.

Lol, to be more specific then, human brains have trouble holding abstract ideas to levels of importance alongside eachother. Your children are safe from this.

You’re conflating a lot of things as being the same thing and it’s important to draw the lines between them because conflation causes confusion that can and will cause harm if acted on.

Yes, a currency’s relationship with labor fluctuates due to how a market prices labor, but this isnt the fault of currency. It’s a fault with labor markets. In a labor market buyers almost always have an advantage over sellers and as such can devalue labor seemingly at will. This does not in turn change the value of the currency though.

You’re also right to say the Fed has a responsibility to secure market stability and that right now stability is measured in the independant wealth of businesses. However, the Fed is not private, it’s a public structure. It’s been captured by private interests because Americans largely dont understand/care about economic infrastructure. At any point the Fed could raise interest rates to a degree that almost entirely stops borrowing and that would curb inflation the other way. The downside to this is that it would make borrowing impossible for both small and large businesses. The Fed has a very large lever and no discretion. I dont think I need to say that small businesses dying is also not very good for the labor class.

As for your argument on money and self-worth. I largely just chalk this up to being a propaganda campaign to get laborers more interested in currency accumulation over community building. That isnt something that changes with fiscal policy though. That’s a culture issue. I’ve yet to convince anyone though that the two are separate, much less that their culture ought to be changed. The cold reality is that many Americans prefer it this way. They’d rather be a slave in a system where they could see themselves as kings over a system without kings but higher standards of living.

It’s always been the goal to get children consuming products. It’s a known function of humans that they usually stick to whatever they were doing when they were kids well into adulthood. It’s harder to convince an adult with pre-established routines and preferred products to switch over.

You’re right though that it’s getting pretty blatant now, but that’s to be expected as we dismantle food and drug regulations.

Travelling the state, shitting for a cause. Big ups to the GOATs!

Spicy, I’ll say I have less beef with tattoos and more beef with the people getting them now. Counter-cultural signifiers are getting really few and far between. Tattoos used to means you understood something about the world and wanted it reflected on your skin. Now you have folks with full sleeves working in finance departments for multi-billion dollar conglomerates.

I used to work at a shop run by bikers, and the vibe was immaculate. I’d shark the pool table because I was young and seen as inexperienced. Now when I go into a shop everyone is advertising their instagram and there’s essentially no acknowledgment of culture. If you ask a question as simple as who owned the shop, you get stares like their brain was just sucked out a tube.

To be fair, currency and the stock exchange are fairly different systems. Currency roughly keeps track of how valuable/stable that currency is seen to be, while stock prices are largely made up of vibes regarding how well a company is doing. The latter is a game designed by and for the rich to hide and move money while inflating their own worth, while the former is what is being hid. The difference is, everyone has to agree on the worth of the dollar, while only a handful of traders determine the worth of Tesla stock.

I think you framed this wrong. Yes, you won’t hear a good defense of capitalism here, but you’re not looking for capitalism if what you want are free markets. Markets can and have existed without capitalism. If you frame the argument differently, you might find a conversation worth having.

Typical zombeh-eh-eh-eh-oh-oh-oh-oh response.

Yes, but two things cant hold importance in a human brain at the same time. Too many conceptions of racism boils a person’s brain into a mush where basically nothing is racist because someone is always racist to someone else. This is one of the things that killed BLM. All lives matter, stop asian hate, anti-islamaphobia, etc… It’s not to say those arent also problems, it’s to say those groups have better support systems than black folk in the US. The issue of anti-black racism requires concentrated effort, but the white majority easily loses interest when there’s another sexier group being persecuted to attend to.

“Has the largest” meaning a 3 comment average per thread. That’s what the OC is talking about. The communities in Lemmy World are really small in a way that makes it hard to hold together a sub. A new movie comes out and maybe one or two people talk about it on Lemmy while Reddit has hundreds.

Then you might say, be the change you want to see, but Lemmy has a pretty small install base. Even if you participate, there isn’t anyone to follow, because the users here are usually white collar tech folk. Hence the interest groups being tech and politics.

As a long time Gen X hater, I can confirm that they’re essentially responsible for boomers being seen as the only adults in the country for the past 50-whatever years.

Getting old sucks, but dont let folks rile you up so much that punk starts being a label rather than a movement. Punk is as punk does. Nobody needs credentials.

I think I can shed light on the 6 7 hate. To do so though, I need to cover why people are okay with the others. 420 and 69 have been around for ages so they get a pass for being grandfathered and having transgressive origins. Quick maths (2+2 is 4, minus 1 that’s 3) got its fame for being an incredibly stupid thing to say in the middle of a rap while also simultaneously going way too hard for how silly it sounds. Lastly you have 21, which was a vine meme so again, a more grounded and community based origin.

What makes 6 7 stand out is that it’s from the British school system, and British culture sucks.

I rest my case.

And there is a dark secret regarding our color coded and computer led society, but I, your lovable oafish guide to this world, couldn’t possibly know what that is.

I like to think I was banned for similar reasons, but I’m pretty sure it was because I was commenting in a gatcha subreddit that was really circling the drain regarding taste. Folk were putting up questionable images of questionable body types and I was getting annoyed that the game was falling so far. Got banned for calling a spade a spade. Ironically, the sub was banned shortly after.

Thankfully I cant have the same issue here because all the niche interest communities are dead, lmao!

There’s a lot here to unpack, and it conflates things that don’t really make sense to conflate. Like, Americans using too many resources being a wealth issue is circular because wealth means resources. Maybe to make the perspective of others more clear, we’re saying that this zero-sum understanding of resource managment fails to account that resources can be recycled, and that their recycling is economically stimulating because it’s a form of resource capture. Manage the resources as necessary for the global population (with slack of course for emergencies) and keeping them on a closed loop. It’s possible, but is not an exploitive practice so its mechanisms arent easily exploitable. That’s the real issue. Humans only seem to gather and work together when there’s a possibility that any one of them can become a god king and get visits to whatever the modern Epstein Island is.

You’re arguing that progress requires death. We’re arguing that it requires effort and intentionality.

Preach. I just migrated here and found a disturbing lack of casual communities with any real activity. A real bummer because I miss the old internet and figured this could replicate it. Still, if you build it, they will come. Maybe it’s a user count issue.