Latest Issues of #AxisOfEasy
The Middle Class Has Finally Been Suckered into the Casino
The Fed’s casino isn’t just rigged; it’s criminally unstable. The decay of America’s middle class has been well documented and many commentators have explored the causal factors. The bottom line is that this decay isn’t random; the income of the middle class isn’t going to suddenly increase at 15 times the growth rate of the income of the top 0.1%. (see chart below)
When AI is just a puppet
The mythology of technology is powerful, but also kind of superficial. It usually doesn’t take much to move past the marketing and vapour ware to understand whether a tool is useful or not. With AI this has been a bit more challenging, as the opaqueness of the tech often makes it difficult for us to scrutinize or understand what is taking place behind the scenes. Similarly the language and hype around AI deliberately hides or downplays the role of humans in making these automated systems work.
#AxisOfEasy 191: Canada Wants To Censor Insults Against Politicians, Implement Internet Killswitch
New easyDNS Network Status Page is now live,
Amazon warehouse workers vote against union (suspect much can prove nothing),
New attack can lock you out of WhatsApp and more in this week’s Axis of Easy # 191
Buy the tech you need now if you can
Ever since the pandemic hit early last year, supply chains have been stressed, and consumer demand has exhibited herd characteristics. In response to the crisis, and perhaps as a result of our increased time at home and on social media, demand is often exceeding supply when it comes to items that a lot of people all of a sudden really need.
The "Helicopter Parent" Fed and the Fatal Crash of Risk
All the risks generated by gambling with trillions of borrowed and leveraged dollars didn’t actually vanish; they were transferred by the Fed to the entire system. The Federal Reserve is the nation’s Helicopter Parent, saving everyone from the consequences of their actions.
Is a Cultural Revolution Brewing in America?
The lesson of China’s Cultural Revolution in my view is that once the lid blows off, everything that was linear (predictable) goes non-linear (unpredictable). There is a whiff of unease in the air as beneath the cheery veneer of free money for almost everyone, inequality and polarization are rapidly consuming what’s left of common ground in America.
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