Peter FitzGerald

Retired greybeard.

[Peter FitzGerald @Ymgaredigo]

@fromarsetoelbow Ha,Ha..

[Peter FitzGerald @Ymgaredigo]

I wonder what he would have said about the title to this piece. It always struck me that his idea of 'totality' has a resemblance to Raymond Williams' 'structure of feeling' - see The The Long Revolution - Relational, Continuity and Discontinuity. What is being expressed.

[Daniel Tutt @TuttReal]

The Ecumenical Marxist
How Fredric Jameson Reconstructed Totality After Structuralism

[Peter FitzGerald @Ymgaredigo]

@TuttReal I wonder what he would have said about the title to your piece. It always struck me that his idea of 'totality' has a resemblance to Raymond Williams' 'structure of feeling' - see The The Long Revolution - Relational, Continuity and Discontinuity. What is being expressed.

[Peter FitzGerald @Ymgaredigo]

"Probability is a relational element. It must come with a specification of the model from which it is calculated. To be of any empirical scientific value it has to coincide with or at least converge to real data-generating processes or structures, something seldom or never done!"

[Lars P Syll @LarsPSyll]

What is this thing called probability? https://t.co/AHQf3YnedK via @LarsSyll

[Prof. Steve Keen @ProfSteveKeen]

Rising credit causes falling unemployment. Falling credit causes rising unemployment.

I have been publishing this chart for 20 years and only one or two economists have ever tried to understand it.

In the real world, credit and unemployment move like Siamese twins.

One goes up, the other goes down. It is absolutely locked in.

This is the relationship that explains why the 2008 global financial crisis happened.

Private credit collapsed and unemployment exploded. It was right there in the data for anyone willing to look.

The mainstream completely missed it. Not because the data was hidden, but because their theory says it should not exist.

In the loanable funds model they all learned at university, banks do not create money. So private credit has no impact on the economy.

They ignore anything that contradicts their framework and then act surprised when the crisis they could not see destroys millions of jobs.

The GAO is making the exact same mistake today. Obsessing over government debt while the credit and unemployment relationship they refuse to acknowledge is staring them in the face.

For a more comprehensive understanding, refer to the full video presentation given in the comments.

#SteveKeen #CreditCrisis #Unemployment #Economics #PrivateDebt

[Peter FitzGerald @Ymgaredigo]

On the 6/7 June the WIB organised its World Inequality Conference: Solving the 'economic problem'. IMO, the small elite who own the means of production and finance,thus usurping the lion’s share of wealth and income will not share it. https://t.co/iTiQPDtoHd

[David Timoney @fromarsetoelbow]

Is Count Binface a pawn of the establishment? Yes, of course he is. That's why he's plastered all over the media. In other words, if you're looking for the establishment, look at the media itself. They promoted Farage from nothing to celebrity and are now showing him who's boss.

[Peter FitzGerald @Ymgaredigo]

Michael Roberts on - A Marxist Theory of Crisis in the Contemporary World https://t.co/uuzDu4KQBj This could also be subtitled: And why there are good reasons for being a Marxist.

[Peter FitzGerald @Ymgaredigo]

Michael Roberts' Summer books: trade wars, billionaires and global warming https://t.co/56MJXsk2vV

[Saul Staniforth @SaulStaniforth]

Flint: "unions.. need to reflect on the fact that.. a large number of their members.. vote for other parties apart from the Labour party"

Its Flints politics that've alienated the working class over decades. Why has the govt delayed scrapping the 50% threshold on strike ballots?

[Peter FitzGerald @Ymgaredigo]

It is all a matter of knowing that the degrees of freedom that an individual can exercise is determined by natural and socio-economic constraints. The latter is politically contested inversely proportional to the degree of freedom being exercised.

[Peter FitzGerald @Ymgaredigo]

An "organism’s planning horizon is the forward limit of its “cognitive light cone” and determines how many “steps ahead” of its environment it can achieve. Predictive adequacy, particular at several steps ahead, requires meeting two fundamental requirements:" Read it to find out.

[Michael Levin @drmichaellevin]

New #preprint with Chris Fields:

https://t.co/rmVJYbaSXq

"Cognitive Offloading Is a Cognitive Universal"

Humans routinely offload cognitive tasks to their environments. Here we show, employing just basic physics and the Free Energy Principle, that all time-persistent information-processing systems offload information-processing tasks to their environments. Hence all cognitive systems engage in cognitive offloading. We show how ecological niche construction, kinematic replication, bioelectric signaling, the development of communication systems based on shared semantics, and the ability of LLMs to demonstrate fluent language use in the absence of extra-linguistic input all exemplify this offloading process. We conclude that both theoretical understanding of problem-solving abilities and the engineering of such abilities into artifacts will be improved by considering active computation by the environment as a ubiquitous adjunct to cognition in both living and artificial systems.

[Peter FitzGerald @Ymgaredigo]

Weekly music sessions helping adults build confidence and friendships https://t.co/dTSZEVKfnr This is an excellent grass-roots project for the Caerphilly County area. Inspired by and made possible by the efforts of Daniel Fitzgerald.

[Newyddion S4C @NewyddionS4C]

Mae cerflun efydd o gyn-Brif Weinidog Cymru, Rhodri Morgan, wedi cael ei ddadorchuddio ym Mae Caerdydd ddydd Iau.

[Peter FitzGerald @Ymgaredigo]

Chartbook 457: The metamorphoses of the dollar, by @adam_tooze https://t.co/SeV5w8N8Dr

[Peter FitzGerald @Ymgaredigo]

Credit constraints and housing market access https://t.co/efakptBrke via @boe_research

[Peter FitzGerald @Ymgaredigo]

Sharp China: A Missile Test and New PLA Generals; The CITIC Plane Crash; America's Taiwan Interests; Guo Wengui Jailed and Ezra Jin Released, by @niubi https://t.co/G0Z247xotR

[Peter FitzGerald @Ymgaredigo]

Why Israel fears US-Iran rapprochement more than conflict https://t.co/WEQ69Zwc0T

[Peter FitzGerald @Ymgaredigo]

https://t.co/MLwoA0wTN8 "The EU has agreed with Beijing on a structure for managing their trade rivalry rather than merely defending against it. The first joint statement since 2019 is not nothing;(...) it took, the threat of a mutually destructive trade war to produce it."

[Peter FitzGerald @Ymgaredigo]

Dan Davies on Welsh devolution: "[O]ne of the great benefits of devolution and independence is that it gets rid of one of the most insidious obstacles to development – that of “having someone else to blame”.@dsquareddigest https://t.co/saV86U6185