|
Jörgen Andersson wrote: Are you allowed to be drunk?
And what was he answer?
| Ravings en masse^ |
|---|
| "The difference between genius and stupidity is that genius has its limits." - Albert Einstein | | "If you are searching for perfection in others, then you seek disappointment. If you are seek perfection in yourself, then you will find failure." - Balboos HaGadol Mar 2010 |
|
|
|
|
|
We were dealing with Reuters and Bloomberg recently and discussing the validity and veracity of the rating agencies when someone suggested that there is an industry ripe for some disruptive technology.
The data providors have a monopoly and therefore charge huge fees for something that should be relatively simple to reproduce. Reputation is something that cannot be disrupted easily though.
The rating agencies have proven to be corruptible and really should be disrupted, possibly with something more than mere technology.
Are there any attempts out there to disrupt this industry that we just don't know of.
Never underestimate the power of human stupidity
RAH
|
|
|
|
|
Mycroft Holmes wrote: Reputation is something that cannot be disrupted easily though.
But what is reputation in the financial sector (and other places), other than a bunch of wizened CEO's "reputating" each other?
Marc
|
|
|
|
|
Mycroft Holmes wrote: Are there any attempts out there to disrupt this industry that we just don't know of.
There are, yes, but they are (a) focused on a small part of the industry and (b) privately owned and publicity shy. Lots of AI and data mining involved.
|
|
|
|
|
It's an "industry" that deals in self-fulfilling prophecies.
The biggest money's made by those given he earliest access to the information before the lemmings move in, each step in the food chain having less an less of fair chance.
"Them what has, gets"
<br.
<div class="signature">| Ravings en masse^ |
|---|
| "The difference between genius and stupidity is that genius has its limits." - Albert Einstein | | "If you are searching for perfection in others, then you seek disappointment. If you are seek perfection in yourself, then you will find failure." - Balboos HaGadol Mar 2010 |
|
|
|
|
|
Years ago, supermarkets used to have minimum of 10 staffs at checkout counters. Now, automated self checkout counters... and hardly 2 staffs. So, what is going to happen for those who is loosing the jobs because of their role is replaced with a machine? Universal basic income is something I never thought of.....
Automated future and Universal basic income
|
|
|
|
|
Sounds a little like communism, doesn't it? Or like Star Trek.
The language is JavaScript. that of Mordor, which I will not utter here
This is Javascript. If you put big wheels and a racing stripe on a golf cart, it's still a f***ing golf cart.
"I don't know, extraterrestrial?"
"You mean like from space?"
"No, from Canada."
If software development were a circus, we would all be the clowns.
|
|
|
|
|
Not really communism imo. More of a socialist policy. Most UBI theories center around a basic income that simply allows you to live whereas other sources of income (like work) are the same as in capitalism. You earn it you keep it. Communism rejects the idea of personal ownership of anything (wealth, religion, etc) while socialism promotes both personal ownership and community ownership which is why it works well alongside other systems like capitalism. The general premise being to help both yourself and the community.
|
|
|
|
|
Not really. Communisn really is all asset are owned by the government which also decide of your activities.
Communism nor Capitalism have nothing to do with the exact percent or absolute value of taxation.
That could as well be "ultra capitalism" with an absolute (i.e. not relative to your income) negative tax amount.
Now, did you mean "it sounds like USSR, I am afraid it's gonna turn bad for the same reason"?, well fear not, this look nothing like Russia! No goulag, no forced labor camp, no 5 years plan!
|
|
|
|
|
Super Lloyd wrote: Now, did you mean "it sounds like USSR, I am afraid it's gonna turn bad for the same reason"?, well fear not, this look nothing like Russia! No goulag, no forced labor camp, no 5 years plan!
To be fair, no country on Earth has achieved true communism. True communism is the complete and utter surrender of all personal assets (including spiritual) to the state - including the highest ranking officials. All attempts including the USSR have been "corrupted" communism.
|
|
|
|
|
Well, close enough though, all what is really missing is the enlightened benevolent state elite.
Don't see it coming anytime soon though....
Although to be fair, there has been some case of enlightened elite on earth, Singapore past dictator wasn't too bad... I have trouble in believing in non democratic benevolent durable state though...
|
|
|
|
|
How about an ignorant malevolant state elite?
I can see that happen soon enough. 
|
|
|
|
|
it's already there alright! 
|
|
|
|
|
I grew up under communism - it has nothing to do with it... There is a real problem of more and more people without job to create some income (both to him and the country)...
Skipper: We'll fix it.
Alex: Fix it? How you gonna fix this?
Skipper: Grit, spit and a whole lotta duct tape.
|
|
|
|
|
CDP1802 wrote: Sounds a little like communism, doesn't it?
Sounds like common sense to me.
What else can we possibly do? Let millions starve because there's no work, and the guys who own the robots have all the money?
I wanna be a eunuchs developer! Pass me a bread knife!
|
|
|
|
|
|
Swinkaran wrote: So, what is going to happen for those who is loosing the jobs because of their role is replaced with a machine?
Nothing. Until the unions start complaining, then: not enough, and with the wrong solution. Probably the same old trick, pour billions of public money into the creation of artificial jobs (naturally, fewer than were lost) that no one wants to have and don't have to be done.
I see no reason why the govt won't simply repeat the mistakes that it has made in the past. That's kind of their thing.
|
|
|
|
|
Swinkaran wrote: Universal basic income is something I never thought of.....
But who pays for it when the only people employed are the ones making the machines that result in unemployment?
UBI is at best a stopgap measure on the way to a society (or world) sufficiently automated that one's needs are taken care of by the automation, not by UBI. I realize that is a "far far away, in another galaxy" concept, and with a lot of misery, probably war, definitely terrorism, and a significant reduction in personal freedoms, including the freedom to bear children, along the way. If we actually ever get there.
Marc
|
|
|
|
|
I like your pessimism, since I share it!
We could tax the one owning the asset? But looks like it's not gonna happen. While the 20th century was the most democratic century of all history, looks like oligarchy is making a come back in the 21st.
Really the future looks... interesting...
|
|
|
|
|
|
I dunno like the concept of UBI... I believe it is good for the economy at large (as opposed to the few richest).
But where will the money come from? All western government are starved for cash and could certainly not finance UBI on the back of the middle class, which is getting poorer and is the only one really taxed...
(poor have no money, rich are taxed less and less)
As for the demonetisation (as in a link inside your link) it's happening. But much less slowly that than he believes, I am pretty sure...
|
|
|
|
|
And or years I've be saying; "...every time you use self checkout you're taking a job from someone...". If a human doesn't take my money I don't shop at that place...period!
New version: WinHeist Version 2.2.2 Beta I told my psychiatrist that I was hearing voices in my head. He said you don't have a psychiatrist!
|
|
|
|
|
A mate of mine wouldn't use a parking garage unless it had human attendants.
He doesn't get a choice, any more.
I wanna be a eunuchs developer! Pass me a bread knife!
|
|
|
|
|
One of the largest monthly expenditures is housing. For Universal Basic Income to work, individuals need to live in areas where housing is relatively affordable; to a large extent, that excludes most major cities. I grew up in Ontario, Canada in a city of between 50,000 and 60,000, so not necessarily a 'major' city, but significant. And, if I read the city's online newspaper, I regularly see articles about how housing in not affordable. So, if you have a 'guaranteed income', but you use 1/2 of it for housing, you don't have enough to pay your utilities, groceries, transportation, etc...
So... you have to move to a 'minor' community to find affordable housing. Oh, wait, now the nearest grocery store is now an hour away by car - no public transit available.
And who is paying for all of this? The government? No... taxes are - from people who are striving to improve their lives and businesses who getting tired of being overtaxed and shift to less expensive regions.
And universal health care? I needed an 'emergency' MRI - I had to wait 3 months because there was a lack of MRI facilities due to funding...
There is no free lunch.
|
|
|
|
|
One problem with ABI is that markets will quickly adjust to those levels. (Like how college tuition at non-elite schools usual "just happens to" match the maximum Pell Grant amount.)
|
|
|
|
General 
News 
Suggestion 
Question 
Bug 
Answer 
Joke 
Praise 
Rant 
Admin 
Submit an article or tip
