Posts by scafaria@toad.social
(DIR) Post #ATZis1oEjIgmW5JdB2 by scafaria@toad.social
2023-03-13T11:25:39Z
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Libertarians advocate for “economic freedom.” Wealth should be allowed to beget more wealth, free of societal constraints. And of course wealth provides power 💥, which in turn then begets wealth and power, and on and on. 2/11
(DIR) Post #ATZis2Vq7BZEhJiS8m by scafaria@toad.social
2023-03-13T11:25:39Z
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The 1971 “Powell Memo” provided ideological fuel for libertarians, encouraging business leaders to treat society and democracy as malleable. The powerful could and should bend society itself to allow the exponential compounding of power. Lobbying $ skyrocketed 📈3/11
(DIR) Post #ATZis312FCWMG4JMlU by scafaria@toad.social
2023-03-13T11:25:39Z
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The essence of libertarianism isn’t “no government intervention.” Its overriding principle is to allow the powerful to compound more power, unchecked by societal constraints. Nothing hypocritical then about using the levers of power to privatize gains and socialize risk! 🤷♂️4/11
(DIR) Post #ATZis3YiDzSXwW4GG0 by scafaria@toad.social
2023-03-13T11:25:40Z
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I was schooled in this stuff; it took me years to see the light. 5/11Debunking Economic Myths in Service of Democracy (FULL VIDEO)https://youtu.be/A7GB2hHj83w
(DIR) Post #ATZis4Adwxnhq9oYNc by scafaria@toad.social
2023-03-13T11:25:40Z
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⚠️ #SVB appears to be a case where the moral hazard will be absorbed by banks via a fund set aside for this scenario, rather than taxpayers directly. 6/11(Narrator: Yeah, I know, paid for by our banking fees as consumers.) Gifted wapo:https://t.co/avf886SrnC
(DIR) Post #ATZis4xuzlDSIyruBU by scafaria@toad.social
2023-03-13T11:25:40Z
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“Treasury Secretary Janet L. Yellen said that taxpayers would bear none of the burden of protecting depositors. Their funds will be backstopped by a pool of money that is regularly paid into by U.S. banks, which now holds more than $100 billion.” 7/11
(DIR) Post #ATZis5j4ASvifCvYfo by scafaria@toad.social
2023-03-13T11:25:40Z
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Do I wish the regulations had remained in place (which Trmp repealed) that would have avoided this? Of course. Sometimes libertarians can be their own worst enemy, as the #SVB situation highlights. And regular people get caught in the crossfire. 8/11https://www.forbes.com/sites/mayrarodriguezvalladares/2023/03/12/how-trumps-deregulation-sowed-the-seeds-for-silicon-valley-banks-demise/
(DIR) Post #ATZis6laIaXRtJ75Em by scafaria@toad.social
2023-03-13T11:25:41Z
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What should happen to the companies who did nothing worse than deposit money in a bank? wapo:9/11“I didn’t make risky bets. I wasn’t doing anything illegal… We just put our money in a bank account and now, our business is a precarious position for it.”
(DIR) Post #ATZis7esyym4eozFR2 by scafaria@toad.social
2023-03-13T11:25:41Z
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There will be a lot of finger pointing at the Biden administration. But anti-libertarians (Democrats) aren’t to blame here. And this won’t use our taxes or grow the debt. Will VCs and banks hold each other accountable? I wish.10/11
(DIR) Post #ATZis8d9MuypfjBNMu by scafaria@toad.social
2023-03-13T11:25:41Z
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In sum, this seems like yet another situation (like #NorfolkSouthern) where regulations were removed that could have avoided harm (NS case: ECB brakes). Lobbied for by libertarians who wanted to socialize risk. That isn’t hypocrisy. It’s the whole game. 11https://www.youtube.com/watch?v=L_aaDI0Pj9M
(DIR) Post #AUBXU3e7qczkEiNEdE by scafaria@toad.social
2023-03-31T20:02:38Z
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@tante Tante, I’ve been meaning to reach out to say Thanks for curing me of the belief that regular people will ever run servers (via a blog of yours). Meanwhile, servers are the unit of power on the web. How then to vest individuals with more power? One path is to leverage the powerful database (SQLite via OPFS) now shipped with browsers (local-first apps). I just submitted a Chrome Ext to the App Store for one. Open source - phase one is to harvest one’s Twitter to the DB…
(DIR) Post #AUZhmVmAWPVh7MWiEi by scafaria@toad.social
2023-04-12T11:51:07Z
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@tante On that topic, have you read Resisting AI by Dan McQuillan? 🔥https://danmcquillan.org/
(DIR) Post #AUZjDKeo4KmgPGR5pA by scafaria@toad.social
2023-04-12T12:07:08Z
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@tante Tante, Agreed. And prosocial techies can play a role in helping avoid “race to the bottom” outcomes. An essay:https://prosocialcapitalism.com
(DIR) Post #AUcqVbhYBvSSXv1i3k by scafaria@toad.social
2023-04-13T23:59:10Z
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If you're a #NewYork resident and think it's a bad idea for @GovKathyHochul to allow into the Hudson River*** one million gallons of radioactive water ***☢️🐟Call 866.696.8249 and leave a message.https://peekskillherald.com/6864/environment/holtec-plans-to-dump-water-into-hudson-this-summer/
(DIR) Post #AUsmpTEZkg2SpNlmJE by scafaria@toad.social
2023-04-21T10:21:02Z
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Gifting this wapo. A hopeful story out of Florida. Recognizing and confronting the threat.“To let you know, Boca and West Palm are under attack big time… We’re headed to an intel meeting later this afternoon.”https://wapo.st/3KQeD5s
(DIR) Post #AVohRHnA2Plvfsg4cC by scafaria@toad.social
2023-05-19T12:31:20Z
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It's critical to understand the historical roots of the #DebtCeiling crisis. Two links here. A short video clip and a deep-dive by @davetroy https://youtu.be/mZ6cxJ-0GnIhttps://washingtonspectator.org/paranoia-on-parade/
(DIR) Post #AVr3hdGEJ57l7ximR6 by scafaria@toad.social
2023-05-20T18:39:02Z
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@KimPerales It’s hard to shock me these days. But here I’m reminded that it can be done.
(DIR) Post #AWLYqxtZPUh5wGlIZs by scafaria@toad.social
2023-05-30T10:50:05Z
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Heather Cox Richardson today shared this 1945 US War Department pamphlet on fascism. “Part of that effort to divide and conquer would be a “well-planned ‘hate campaign’ against minority races, religions, and other groups….”https://ia801608.us.archive.org/21/items/ArmyTalkOrientationFactSheet64-Fascism/Fascism64.pdfhttps://open.substack.com/pub/heathercoxrichardson/p/may-29-2023?r=e3dav&utm_medium=ios&utm_campaign=post
(DIR) Post #AXG7PDXve7IvKMWQEK by scafaria@toad.social
2023-07-01T16:07:26Z
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@Svetlana2 @sysop408 You made my day proving it’s a self-DDOS.
(DIR) Post #AYM2UeWQcWIbXHSTHU by scafaria@toad.social
2023-08-03T12:50:58Z
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@Npars01 @petergleick The press needs to start substituting the word “authoritarian” instead of “conservative”. Project 2025 plus doubling down on the party of J6, jfc what is conservative here?