PPP is meant to account for things like a haircut in San Francisco creating way more economic output than a haircut in rural China, and therefore inflating the numbers. It doesn’t completely solve the problem of comparing the economic output of a 747 to the economic output of a haircut in rural China.
If you are used to the lifestyle of the western upper middle class and consume the associated products, the effects of the PPP adjustment will not be that meaningful to you. The same isn’t true for people who have to use most of their income to buy basic necessities like shelter, food, transportation and so forth.
Average Chinese costs are lower, however, not because their PPP is higher, they just have lower LCOL. So that hair cut that is only 20 kuai is done by a guy outside in the alley who maintains one very long finger nail (and yes, I actually experienced that before). If we were to compare the average Chinese bought car with the average American bought car, you would see a similar effect.
Unfortunately, we are not allowed to print the world reserve currency like there is no tomorrow, and we do not possess the qualities of the US that make them the natural haven for capital in times of global turbulence.
That being said, the policy of austerity implemented during the Euro crisis was pretty catastrophic and arrested growth prospects for a whole generation.
>That being said, the policy of austerity implemented during the Euro crisis was pretty catastrophic and arrested growth prospects for a whole generation.
It was an austerity policy in name only given government debts have only continued to increase since then. There's a demonstrated correlation between high government debt and lower growth.
Nah, that’s demonstratively wrong dogmatism. Obviously it’s not a good idea to take three times your national GDP in debt to build three oversized airports next to each other because your family owns your nations construction business. But letting education and infrastructure collapse and watch a whole generation grow old without any chance meaningful workforce participation and without a chance at having a family is pretty devastating too.
This tendency didn't start at all with the Euro crisis. Remember Thatcher? She put this economic model firmly in place and everybody started to copy it, fiddle with it, without ever questioning its basis anymore. So it's not "a whole generation" but at least "two whole generations" - and it doesn't look like it's gonna stop the trend any time soon, public service keep getting defunded and big companies keep getting tax cuts.
Despite all its shortcomings, the USSR did pretty well in areas they really cared about, like tank production. And it’s very difficult to compare the value of a t80 with the value of a m1, especially when there was little trade between both blocks. The USSR sold energy to Western Europe in order to get dollars which were then used to buy grain from the US. And that was just about it.
Your problem isn’t with PPP but with the Soviet societal tendency to falsify reports on absolutely every level and with the inherent incomparability between planned and market economies.
The hyper commercialization of the internet has turned people into spam bots. That’s why todays internet, with billions of users feels less populated than what we had in the early to mid 2000s.
I know it sounds very “old man yells at cloud” but I truly miss many parts of the old internet, when YouTube was new and social media was still in its fledgling phase. There are a lot of perks and quality of life improvements thanks to all the advancements, but being subjected to 4 ads per 11 minutes on YouTube, Google being much less useful thanks to SEO optimization and all the self-indulgent self- promotion on just about every site has gotten incredibly old. It’s all so boring and repetitive yet seemingly impossible to escape.
That’s not really what I meant. Ads rarely get through my Adblock anyways. No, the problem with the dead internet isn’t that powerful entities flooded it with artificially generated bullshit, the problem is that the hyper commercialization incentivized real, living people to behave like inauthentic robots, mindlessly maximizing everything they do to drive engagement metrics.
Grab YouTube premium to not see ads. You have to pay for it somehow, either you watch ads for free or you swap out your LTV for cash by just paying outright.
This isn’t a mark of degradation at all. “Back in the day” of non-monetization isn’t sustainable for any decent length of time because eventually the people donating (VCs) will want a return or will run out of money.
You act like they NEED to make every video have 5000 ads. It wasn't that bad before when you watched a short ad. But now they are just shoving them in your face. Go look at how much profit they made and tell me that increasing the ads to proposterous amounts was necessary.
I’m definitely not in favor of capping the amount of profit a company can make.
If they are raising prices (amount of ads shown) and people continue to pay then I can’t fault them for it.
As I type this I realize that both you and the person I was originally responding to are just expressing that you don’t like the price increases. Which is totally fair.
There are no ads at all provided by YouTube. Obviously Google can't prevent content creators from embedding their own ads, which is becoming increasingly common.
> Obviously Google can't prevent content creators from embedding their own ads
Of course they could, just make it part of the service agreement.
I would feel much inclined to pay for youtube if they filtered out all ad-funded content.
Even better, they could have a model where content creators for the paid service got their piece of the revenue based in quality metrics rather than quantity metrics.
Take a walk into the past and use the before: after: operators on youtube. I have recently and discovered the past feels rosey but the amount of content, length, quality keeps increasing. When you go back the rooms feel much empier
And it looks like there's a lot of psychosocial maladjustment in GenZ where to not get drowned out in the crowd a lot of them lead with being obnoxious, WRITING IN ALL CAPS, spamming out 1-3 word messages with broken sentences, calling themselves stupid (which never incentivizes me to bother to help them?), etc. Not exactly trolling, but obnoxiousness to try to get attention and engagement. It seems like they're drowning in how complicated technology has gotten and how impersonal social media has become.
And reddit has just turned into the same hundred jokes repeated over and over again with the same desperate-to-look-clever pun thread at the top.
Mental illness is a huge risk factor for becoming homeless, which in turn will escalate any mental health issue to a massive degree. Better access to treatment and better safeguards against homelessness for the affected do actually help a lot. OTOH, migration of the affected towards areas with comparatively good services can create perverse incentives for other areas to just dump their homeless and mentally ill. And then feel smug about solving the problem for themselves.
Well, I’m sure OP got her job back as soon as it was revealed that the person she was accusing as a war criminal with blood on his hands was indeed an asshole.
Reddit largely leeches anyways. I’m not exactly sure why (I suspect the sorting algorithm and the quick turnover of content), but its community is shockingly unproductive in terms of content creation. The only thing it does somewhat well is aggregation. So no, I don’t think they have much to fear in that regard.
They are risking the relationship to their army of unpaid cops though. These people are absolutely crucial for maintaining the gentrification of that space. Without them, all the hard work to slowly change the tone towards an ad-friendly and ideologically compliant tune is going to be lost. It is not unlikely, but by no means guaranteed that they can recruit another batch of people wohnst willing to do this for free after ruining the relationship with those who got invested during a time when the company was masquerading itself as a community.
Not surprising at all. Reddit's culture is vehemently against original creation and deftly afraid of any hint of self-promotion. The users claim to be tired of all the same reposts but shun 99% of attempts for people to share originality.
