Ran Prieur http://ranprieur.com/#9a417fe513f58988c3b5b1e84cfc57397194a79b 2020-04-01T13:30:34Z Ran Prieur http://ranprieur.com/ ranprieur@gmail.com April 1. http://ranprieur.com/#97ac5af79e8ef8703ac353aaf27b617f28191439 2020-04-01T13:30:34Z April 1. Following up on economics, I mentioned Piketty and Graeber, two guys who are good at explaining the larger context outside of what the present economy takes for granted, to its ruin. Here's a Thomas Piketty interview with some thoughts on Coronavirus, and a review of his new magnum opus, Capital and Ideology. The key quote:

The discourse of meritocracy and entrepreneurship often seems to serve primarily as a way for the winners in today's economy to justify any level of inequality whatsoever while peremptorily blaming the losers for lacking talent, virtue, and diligence.

And a blog post about David Graeber's ideas, Bullshit Jobs in an age of Coronavirus. The author doesn't explicitly support an unconditional basic income, but it's pretty clear, if "bullshit jobs have turned into a sort of 'workfare' for the educated classes," then it would be better to just give money to every class, so we can at least do useless stuff that we enjoy.

Also, linked from the weird collapse subreddit, a piece about collapse from the bottom: "Collapse of this kind means that we are undernourishing and impoverishing the weakest things around us... But that is exactly what capitalism and neoliberalism say we should do."

A nice trick for understanding economics is to factor out money. An economy is just a bunch of people doing stuff that keeps the system going. The strength of an economy is the overlap between what's necessary to keep it going, and what people want to do anyway. By this definition, a weak economy has to threaten people with hunger and homelessness to get them to do their jobs, and at the other extreme, Utopia doesn't even have the concept of freeloading.

Then it's just a matter of distribution, getting stuff to people who aren't making stuff. Communism tried it through central management, which didn't work, and capitalism is trying it through money, which is now also failing. I think the failure of capitalism is a slip between two functions of money: 1) a mechanism of exchange, and 2) a source of the meaning of life.

The problem is, money is zero-sum. If you hang meaning on it, then meaning is zero-sum, and it gets sucked up by people at the top. The poor become NPC's in the quests of the rich.

That system is now breaking down. Human motivation is the most powerful force on the planet, and as the economy collapses, there is more and more human motivation languishing, waiting to be tapped.

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