Big Problems With Big Data - Part 2 of 2
- Category: Crowd Control
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YOUR LIFE AT THEIR DISPOSAL
From now on governments (i.e. your government) will be able to create your "digital avatar" from Big Data. Furthermore, this avatar will be updated in near-real time and as all information is now digital; this means that they will know everything that you do or do not do. Not only that, they will know your spending habits and sexual preferences, your diet and medical conditions,…
Big Problems With Big Data - Part 1 of 2
- Category: Crowd Control
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Here is a term that you may not have heard very often and that it will be downplayed in the future: Big Data. What is Big Data? Glad you asked because you should know about one of the biggest tools that will be used to oppress you. Big Data is simply a handy term making reference to ultra-large repositories of data or databases in the hands of a "selected" few…
The Division Of Labour And The Stupidity Of Socialism - Part 2 of 2
- Category: Austrian Economics
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THE FAILURE OF SOCIALISM - CONT'D
Wages
One of the big issues with socialists is that they are fixated with wages. Every single socialist country on earth (that would be all countries, for those who are counting) has some sort of minimum wage law. This law is typically stated in terms of money per hour, but sometimes it shows up as "worker's benefits" or "employer's contributions" and so on. Socialists do…
The Division Of Labour And The Stupidity Of Socialism - Part 1 of 2
- Category: Austrian Economics
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Typically we would not do a spin-off article about a lesson so soon, but what the heck! If it fits why not? As you probably remember, we inflicted on you our latest lesson in Austrian Economics just yesterday (Austrian Economics For Dummies - Division of Labour). Now we are going to put to practice what we learned. Yes, Austrian Economics is inherently practical because it originates in reality. What a…
Lesson #235 - Austrian Economics For Dummies - Division of Labour - Part 2 of 2
- Category: Austrian Economics
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Practical division of labour
But there is more. It so happens that we are all different. Our mental abilities are different. Our skills are different. Our capacities to produce are different. We live in different geographical locations surrounded by different people with different cultures, work habits and access to different raw materials.
As labour has disutility we will attempt to minimize it because disutility increases our uneasiness. In layman's terms,…
Lesson #235 - Austrian Economics For Dummies - Division of Labour - Part 1 of 2
- Category: Austrian Economics
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As labour is one of the three requirements for production to occur and production is necessary to increase our standards of living, it is only fair to study how labour works, its properties and consequences. But we get to that we need to understand what happens when two people who labour meet. We have not studied the interaction between two labouring people. In order to do that, we need to…
Deepest Apologies
- Category: Admin
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Dear reader, we owe you an apology. Our site is now featuring advertisements. This will create a little bit of informational pollution but it is unavoidable.
If you are interested in knowing why we are compelled to do so, we can offer one number: 1600%.
This is the extra money that we have to spend on government bureaucracy every year when compared to purely technical expenditures such as hosting, domain…
ISIS/ISIL Yet Again - Part 2 of 2
- Category: Terrorism
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THE REAL FUTURE
The real future is somewhat different. Regardless of what may happen in the upcoming and proximal future, it won't be definitive. Not at all.
As we have said many times, the problem is not ISIL or Al-Qaeda or some of the other hundred "organization" out there. The problem is political evolution. Think about it. ISIL exists because there are young people willing to join it. A bunch…
ISIS/ISIL Yet Again - Part 1 of 2
- Category: Terrorism
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We have previously stated the reasons why ISIL The Invincible won't be destroyed by a military campaign or a drone campaign or some other type of campaign. We have also stated how ludicrous are the current "master plans" to so doing (see The New US Strategy Against ISIL - Death By Laughter). With that we thought that the ISIL/ISIS "thing" in our site would be done and done, but apparently not.…
