You can falsify this claim, but you will fail.
[media=https://youtu.be/SQDfA3mtwGc]
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DeWayfarer · 61-69, M
Not a good argument on why capitalism will fail.
And it will.
Why it isn't a good argument? Because capitalism has realized that there's money in the Internet. Everything on the Internet now is about more advertising. It even goes now into tracking everyone on the Internet itself.
Better argument is the very principle of compound interest. The more you compound, the more interest is made. And the compounding can and has gotten smaller and smaller and smaller within technology itself.
This smaller compouding leads to infinite interest. So there's a huge separation from the base, the amount, and actual wealth from the interest.
These capitalist jerks are applying that compound interest principle to technology itself.
The separation though will eventually be so great that the whole capitalistic system must collapse.
And it will.
Why it isn't a good argument? Because capitalism has realized that there's money in the Internet. Everything on the Internet now is about more advertising. It even goes now into tracking everyone on the Internet itself.
Better argument is the very principle of compound interest. The more you compound, the more interest is made. And the compounding can and has gotten smaller and smaller and smaller within technology itself.
This smaller compouding leads to infinite interest. So there's a huge separation from the base, the amount, and actual wealth from the interest.
These capitalist jerks are applying that compound interest principle to technology itself.
The separation though will eventually be so great that the whole capitalistic system must collapse.
PDXNative1986 · 36-40, MVIP
@DeWayfarer I'm not saying it will fail, I'm simply saying capitalism had nothing to do with the modern tech playground we live under historically and that all the long run research that lead up to its creation that is now being exploited by capitalist for Private gain was essentially done by The taxpayer financed universities since they were freed from the expectations to return profit by end of quarter. Meanwhile, the people who actually had money as Capitalist only very recently saw the money on the internet if you take a long time horizon, Netflix destroyed Blockbuster and Hollywood because the internet was seen by many as a fad that wouldn't ever last. What you're saying in response is Already agreed with by myself the video producer, I know they HAVE seen it, but that doesn't change the reality that this technology has its origins in the public sector, even the multitouch interface Steve Jobs quipped "Boy have we patented it" was a university of Delaware breakthrough that they patented. And Job's only "innovation" was to buy the patent from the real innovator. Capitalism has a history of underestimating the internet, it doesn't anymore. But it did. That's just the plain ole truth of how things emerged, if the state had not funded the long run basic research, none of this tech would exist.
DeWayfarer · 61-69, M
@PDXNative1986 What you are failing to see is that there's very little government funding into technology today. In fact Trump has ruined that very funding.
Compounding has three different factors. The base amount, the rate of interest and the number times it is compounded over a year.
I only talked about the base amount and the compounding. And ignored the rate of interest.
Government funding is the interest rate.
Compounding has three different factors. The base amount, the rate of interest and the number times it is compounded over a year.
I only talked about the base amount and the compounding. And ignored the rate of interest.
Government funding is the interest rate.
PDXNative1986 · 36-40, MVIP
@DeWayfarer but it's important to know that the public sector has emerged as the natural setting in the universities for long run basic research with NO clear route to profitability that sometimes stumbles upon big game changing stuff because they're liberated from the financial quarterlies, their funding WAS stable, and it's important to know this because it is part of why you should have voted Harris To STOP trump. the next big breakthroughs from basic research won't come from Capitalist.
DeWayfarer · 61-69, M
@PDXNative1986 Guy I voted for Harris! I even argued on her behalf.
PDXNative1986 · 36-40, MVIP
@DeWayfarer I didn't mean in the royal you kinda way I mean in the broader sense of this knowledge that like that multitouch interface I mentioned emerged originally at the university of Delaware and then Jobs Bought the Patent from the University, That's important historical context because it shows why the universities are so important.
PDXNative1986 · 36-40, MVIP
@DeWayfarer Without university research, smartphones would not be very smart https://www1.udel.edu/udaily/2015/oct/university-research-100814.html
DeWayfarer · 61-69, M
@PDXNative1986 i will agree there.
I did say that rate of interest is a factor. Yet capitalism is based still on the compoud interest. Eg on the government funding.
I did say that rate of interest is a factor. Yet capitalism is based still on the compoud interest. Eg on the government funding.