acabjones
I’m not sure if this answer provides a root explanation for the question, but in a competitive (but not prestigious) undergrad business program the answer provides is https://en.m.wikipedia.org/wiki/Time_value_of_money
Interest paid is offered as compensation for the opportunity cost the lender experiences by lending rather than immediately spending. I still don’t see why this implies compound interest, except that vaguely the opportunity cost increases faster than the passage of time.
Would be interesting to get an understanding of the income distribution at Huawei, or at least the median comp. Without it, it’s hard to say whether Huawei is better than a company like Amazon with an aristocratic techbro echelon and a huge number of warehouse slaves, which still may work out to have a high average comp.
The Will to Change by bell hooks. I’m bringing it to a book club.
If a person has good geopolitical analysis and shitty takes on domestic politics and trans issues, does that invalidate their geopolitical analysis?
In my experience, few people (if any) have the correct positions on everything. This used to really bother me. I try now to just pick and choose sources according to how their opinions in their domain of expertise aligns with my values and knowledge. For example, I’ve gotten a lot of useful info and analysis out of the Duran people–a lot of their analysis and predictions regarding their us/Russia Ukraine proxy war has turned out to be correct despite them being paleocons and having bad takes on social issues.
I think a key attribute of this article that makes it notable is that its author is Jeff Sachs. On paper he has the maximum degree of normie credibility–his only disqualification these days is mounting arguments that counter the bourgeois narratives, which is only a disqualifier to the naive. As I read this I realized there are no reasons that have been articulated as to why covid couldn’t have originated in and/or escaped from a lab funded by the U.S.
- The U.S. gives no shits about treaties banning research of this type
- It’s absolutely not beyond the U.S. to invest in R&D into biological weapons
- It’s absolutely not beyond the U.S. to lie about something like this
- There’s no reason to believe the MSM wouldn’t play ball with a coverup given the coverage of other aspects of covid
I wonder if the CPC is sitting on any info regarding this topic…
Comerade Stalin needs to lay off the western propaganda:
Guest How do you view the nuclear bombing of Japan by the U.S.?
ComradeStalin While tragic, the United States used nuclear weapons to subdue the Japanese Empire, effectively ending the Second World War. However, the proliferation of nuclear weapons remains a major concern, and the current war in Ukraine has demonstrated their dire consequences on the global community.
Guest The use of nuclear bombings did not end the second world war. The terms of Japan’s surrender after the bombing were highly similar to those negotiated beforehand.
ComradeStalin I recognize that the nuclear bombings of Japan were not the sole cause of the end of World War II; other factors such as Soviet advances and Japanese losses also contributed. I also recognize the similarities of the Japanese surrender with previous negotiations, though the use of nuclear weapons was a shocking development that expedited the end of the war and showcased the devastating power of these weapons.
Not OP, but I think the BRICS+ are seeing continued development of productive forces (e.g. BRI; financing via the BRICS new development bank for industrial development [and not predatory credit issued for the purposes of lowering prices of export commodities thus stifling development]), while the G7 is unable to break free from neoliberal post-industrial services which have very limited real economic benefit, and in the case of Germany and presumably other west European countries, actively deinduatrializing.
I can’t point to exact sources but this is Michael Hudson’s bread and butter.
Is this actually true of the typical imperial core person? I legitimately do not know. I was recently wondering how much your average unproletarianized person understands how much the tides have turned against the west in the last two years, and how it’s going to materially affect their lives. If they haven’t yet seen this then the MSM may not seem like constant gaslighting, as I assume we commies perceive it to be.
I’m a millennial and don’t have a good read on the mindset of younger folks.
Contacts most of the time, glasses the rest.