Ronnie PR

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[Ronnie PR @prophoverprofit]

@tejparikh90 @FT Absolutely it wont. The energetic & material cost of actuation will never be low enough for a robotic economy. In fact that is rising, people sees market prices signals in the short term nd get excited for the long term.

[Ronnie PR @prophoverprofit]

@ccutrone1970 There is a difference between gravity of capital & ideologícal affection. Capital concentration means jobs, liquidity, and resources. The U.S. is simultaneously the engine of global economic inequality and the primary escape hatch from it.

[Ronnie PR @prophoverprofit]

@connoramulhern Cars are energetically the worst form of transport. Using a 2ton of metal contraption to haul in 75 kgs of a person, usually by means of an xtremely polluting & climate altering propellant. Profitable & Optimal indeed. That's the genius of the market.

[Ronnie PR @prophoverprofit]

@a16z 8 to 18 bn in 5 years in vc world is hardly surging.

[Ronnie PR @prophoverprofit]

@FT A robot revolution is not coming, it was never coming.

[Ronnie PR @prophoverprofit]

@TheEconomist Systematic neoliberal underinvestment yet uber growth fantasies is why this is the case. Emulate the US some more, the future might be just be starker still.

[Ronnie PR @prophoverprofit]

@afneil Just change one word, say providing instead of dumping. Changes the framing & calms one down in no time.

[Ronnie PR @prophoverprofit]

@jacobin The dutch no nonsense model of neoliberalism was/is always completely nonsensical.

[Ronnie PR @prophoverprofit]

@tonywestonuk Capitalism is a death cult, to quote Chomsky, a suicide pact built on the myth of voluntary market exchanges & an equally mythical pre-capitalist barter economy.

[Ronnie PR @prophoverprofit]

@TheEconomist This framing is why PM s are failing . It's the opposite. He doesn't have to make hard choices, the choce is easy. Understand MMT and that it is how the economy actually works, pretending otherwise & fear mongering over fiscal space is why Britain is failing.

[Ronnie PR @prophoverprofit]

@ProfHall1955 A system of transparent, non-market coordination is necessary where the relation between producer and product is direct, not mediated by exchange value.​ This is not some logical impossibility or a pie in the sky idea either to even most on the left seem to think it is.

[Ronnie PR @prophoverprofit]

@ProfHall1955 The system doesn't respond to human needs; it responds to the imperative of surplus-value extraction. Any attempt to "contain" this via regulation treats the symptoms while the underlying logic keeps expanding scope, privatizing public goods financializing new spheres of life.

[Ronnie PR @prophoverprofit]

@ProfHall1955 Under capitalism, distribution is "only apparently regulated by the market", the market is actually determined by the production of capital. Use-value only matters as a means to increase exchange-value.

[Ronnie PR @prophoverprofit]

@ProfHall1955 A social relation that reproduces itself by converting everything (labor, land, knowledge, care) into commodities and subordinating production to accumulation.
Misunderstanding markets keeps us rehashing the same ideas over & over again.

[Ronnie PR @prophoverprofit]

@ProfHall1955 Social democrats and many democratic socialists think you can tame markets through regulation and redistribution. The Dutch communists writing more than 100 years ago saw this as illusory because the market isn't a neutral tool, it's a social relation.

[Ronnie PR @prophoverprofit]

@ProfHall1955 Capitalism isn't a policy choice but a self-expanding system driven by the logic of value accumulation. Once the market logic is unleashed, it corrodes any regulatory boundary. State intervention, welfare programs, even nationalization, they don't abolish the law of value.

[Ronnie PR @prophoverprofit]

@business If the right wins by the narrowest of margins not too different from a rounding error , the left must immediately concede defeat. If the left wins by that same margin, then the result must be attributed to voter fraud, intimidation and misuse of power.

[Ronnie PR @prophoverprofit]

@FT Yes but it's the outsized financial sector of the city of London that is really holding the UK back. It is skimming off larger and larger chunks off of the real economy, to the benefit of the few.

[Ronnie PR @prophoverprofit]

@FT Meaning, it is also now one of the biggest wealth transfer from public to private hands.