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Joined 1 year ago
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Cake day: January 12th, 2025

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  • WoodScientist@sh.itjust.workstoAsk Lemmy@lemmy.world*Permanently Deleted*
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    5 months ago

    I don’t know, there is a certain nostalgia to it. Yes, it was a pain in the ass to use, but there was also the aspect where limitations breed creativity. If your time online is competing with one of the home’s primary means of communication, the landline phone, the internet becomes a limited resource. It wasn’t as easy to just rot on the internet as it is today. You had to be more deliberate with your time, even if that was just being more deliberate in the types of fun sites you were going to visit.





  • I know that anybody who has consistent access to an internet connection in North Korea is almost certainly working for the benefit of the great leader and they aren’t actually seeing any money or benefit for themselves.

    Eh, this doesn’t sound like the job you would give someone in a prison camp. You’re talking about people that you’re allowing to interact and work regularly with foreigners outside the country. That does not sound like the type of position you trust to a political prisoner. That sounds like a position you put someone of high trust. It’s probably a pretty cushy job as the standards of North Korea go. Sure beats scratching at dirt or working in some godawful arms factory. It’s probably the type of job you need some good family connections in the Party in order to get. Sure, the government takes all the direct monetary benefit of the work, but that is just kindof how Communist systems work. I imagine the people working those jobs have some of the highest standards of living available to people that aren’t senior party leadership.










  • They should have made any bank bailout contingent on nationalization. That was the big mistake.

    Is your bank insolvent to the point that it needs emergency federal assistance? Is it so grand that letting your Tower of Babel collapse endangers the entire nation? Do we the taxpayers have a guns to ours heads here, forcing us to give out these bailouts? All to clean up the mess left behind by overpaid, overconfident, completely incompetent bank executives?

    If so? Fine. A bailout will be given to protect the customers and the nation, but the existing shareholders are completely wiped out. The feds take ownership of the bank. They divide the accounts and remaining assets of the megabank up amongst a dozen smaller new banks it creates as a replacement for the failed giant. The Federal Reserve provides credit to the new banks as they get started. Eventually, when they stabilize, the government holds IPOs for the new banks and completely divests ownership of them.

    THAT is how bank bailouts should work. This way, moral hazard is avoided, the government isn’t fleeced, and market consolidation is reversed all in one go.




  • It’s worse than us simply becoming poorer. It’s that these places - sprawling low density suburbs - where never financially sustainable to begin with. They never brought in enough tax revenue to remotely cover the expense of maintaining all their infrastructure. There’s just too few people per square mile to pay for it all at the property tax rates people can afford. We’ve only kept things going this long through a few mechanisms:

    1. Letting older suburban infrastructure decay to well past its replacement state.

    2. Relying on growth to prop things up. (Build new neighborhoods and require developers to repave streets and replace/upgrade utility infrastructure in an area.)

    3. Relying on ever higher levels of debt.

    It isn’t financially sustainable. It was never financially sustainable. As long as a town can keep growing, they can keep the Ponzi scheme going for a time. But eventually you hit a wall on that and the whole house of cards collapses.