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#econ student
sealrock · 3 months
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nothing but good vibes. — ♫
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psychopomparia · 3 months
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Dr. Ratio type warning
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hella1975 · 3 months
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just think this time tomorrow ill be publicly indecent in a spoons somewhere. i am so strong
#ONE MORE EXAM. WE CAN DO THIS. I WILL BE DONE IN LITERALLY LESS THAN 24 HOURS NOW#AND THEN THE NEXT EXAM SEASON ISNT UNTIL MAY. COME ON GIRL#we have such a fun plan for tomorrow though bc the consensus has just been 'we need to get fucking mangled after this exam'#like i havent been out-out in WEEKS the closest i came was the end of december for a hometown house party of all things#i didnt even go out for nye. let's all take a moment and consider the implications for someone like me NOT GOING OUT ON NYE#so i am OVERDUE a good night out and then on top of that ive had exams be SO fr#and also this is the first year where my main friendship group (i.e not my housemates but my actual social circle)#are ALL econ students like there's about five of us and we all do econ and yeah two of them ive been mates with since first year#(the girl is my best mate at uni and is always who im on about if i talk about a 'girl on my course' and the lad is the one i lived with#in first year and have kind of got a thing with now?) BUT THE OTHERS ARE NEW ADDITIONS AND THAT'S SO FUN#so we're ALL gonna tip out of that exam and then me and her are gonna go back to mine to get ready bc am i fuck doing make-up#before that exam. the STATES i have shown up in these past few days i think the invigilators are worried about me#and then we're meeting the lads at the pub and starting there and THEN going spoons bc it's me and the girl's tradition#(calling her just 'the girl' is so funny. woman 🫵) after exams to buy each other mystery shots at spoons and we HAVE to drink them#and then one of the lads really wants to go to a karaoke bar for some reason?? so that might be in my future#AND THEN we're going clubbing. im so ready. take me home vodka shots. the end is near please please please#hella goes to uni
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einstetic · 9 months
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just wanted to let everyone know that a friend of mine challenged me to try a dating app for the duration of my vacation
i am absolutely disappointed with myself but i guess i have a tinder profile now
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moastudiess · 1 year
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11.06.2022~ Pretty easy going week so far. It’ll get a little busier with the two essays I have to submit for Spanish, the lab report and quiz and case study for AP Bio, and the AP Gov Test/quiz to study for as well. Everything will come in time, I’m holding out until the end of the semester (it’s so close!).
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rotisseries · 5 months
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econ student here! the answer is 1 sorry babe. why the fuck are you arguing about maths on tumblr dot com i’m always waking up to stupid shit from you
I'm not accepting this answer cause it's dumb go somewhere else
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There should be more content on the systemic rivalry of Curtain as a theatre kid and Milligan as a
#The other adults can be there too#Like Mr. B as the bookish kid and Garrison as part of the STEM club#(they impeached her as president because she kept pushing them to do *slightly* illegal activities)#OR#Even better it's like all of them being school teachers of different subjects#Curtain's still theatre and Milligan's PE#But. Like. Fun PE where he makes up adventure scenarios to motivate students and plays fun music and gets them engaged#Mr. B's the librarian#Number Two's the shop teacher and she's scary good at it#Maybe she also helps with lunches I'm not sure#And Miss Perumal's the Home Economics teacher and she's fantastic but also teaches self defense because “It counts as Home Econ”#Wait maybe Curtain's the principle too but nobody listens to him and he just sends out crazed announcements through the PA system#And all the teachers listen politely and then are like “Anyways—”#Maybe Rhonda's the Home Econ teacher actually#And Miss Perumal's the geography/social sciences teacher#Actually that's much better#And she takes the kids on the best field trips#But she Rhonda and Number Two still teach self-defense#Curtain doesn't want them to but Milligan lets them into the gym after school's over and hangs out with them while they do it#Actually I've changed my mind Moocho is in charge of the school kitchen#And sometimes he sneaks Number Two in there and they experiment together#Mr. B is the absolute best librarian and he's just so nice and comforting and supportive#He teaches a course every semester about internet safety and how to properly fact-check things so you know what's true#He makes the library super calm and inviting and it's full of soft green plaid plush chairs#And they're not just in the open spaces either#There's lots of little hidden areas where people can go and sit and read if they don't want to be bothered#He lets kids take naps in there sometimes if they're having a bad day#And gives them tea and talks to them#And then of course his brother shows up and tells him off for letting a student skip class#And he apologises as bunch (But he doesn't stop doing it)
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sohcah--toa · 1 day
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bullet train/マリアビートル details ~
Hello!! I recently dug up the Bullet Train script (if you search it up, you should be able to find it relatively easily!! I'm not sure if it's completely reliable but it seems to be the first version) and listened to the soundtrack. (It's awesome, you should listen if you haven't already!!)
There's a lot of stuff here about マリアビートル, I hope you enjoy reading 🥳 (It's really ridiculous)
-- 1 ) LEMON'S CHILDHOOD // BACKGROUND(??)
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I attached a photo for reference in the book!! :D (there's highlighter marks, I'm sorry) His backstory is tragic and aahh noo 🥹... I won't say much on it because we're all thinking the same thing. In the script, this is carried over when Lemon passes out because of the water. But apparently, in the final movie, this isn't shown a lot. In the book and movie, they aren't brothers and have a considerably colder relationship, so I can understand why the childhood scene in the cut is so much more wholesome. (Still supersuper cool though!!)
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-- 2) "I'm forever blowing bubbles"
The original reason why this song was chosen for Bullet Train was because of Tangerine's West Ham United sticker (turns out, that's a football club). Hey!! But wait a minute!! There's a funny coincidence because Ladybug in the book was trying to become a football star. He has a quote that's like "my friend told me that someone like me could either become a footballer or a criminal, so I did both" and he says that his first crime was stealing a football.
The song delves into themes surrounding fortune as well!! I love their music selection 🙇‍♂️😤
-- 3) THREE ASSASSINS/グラスホッパー REFERENCES
Okay this part (in a way...) contains spoilers for Three Assassins, which is the first book of the "series"! ! The story revolves around a guy named Suzuki, who appears again in Bullet Train!! He kinda-sorta becomes friends with Ladybug and it's like 😊 they are so happy. To be completely honest, Suzuki's a bit traumatised but so is Ladybug, right?? Lovely friendship!!
It's also so interesting that he's reading a hotel buffet menu because his wife used to love eating at buffets and he adopted the habit of hoarding all the food as well. He's on the train to meet with his dead wife's family (which was extremely difficult for him after her passing).
-- 4) BULLET TRAIN REFERENCES IN THE MANTIS/AX
There's this other book in the series called The Mantis or AX for the Japanese version. This one isn't talked about a lot but if you like family stories, this book is so so soo good. It really pulled at my heartstrings when I first read it but I can't say too much without spoiling everything. Anyway, it makes a few references to Bullet Train and literally starts with the main character, Kabuto (an assassin), having a flashback to talking to Tangerine and Lemon during one of his missions, where they had the same target so they worked together. The Twins really respect him, actually, but find it funny that he's so careful around his wife (YES KABUTO, AN ASSASSIN, HAS A WIFE). Some characters reappear so.. :")) yay!!
-- 5) 777
Ladybug comes back!! He comes back in the latest book in the series; 777. So far, the Japanese reviews have been pretty positive and I think there's an English translation coming in November!! 🥳 I like how the title is 777; 7 like 7 tails in Nanao (七尾), car 7, his favourite number is 7 (if I recall correctly), 7 the "lucky number".
-- 6) THIS GUY
No one asked but I heavily dislike the Prince in the book. (to be honest, who doesn't...) He's just mean for no reason and likes ruining people's lives, makes fun of poor Ladybug (this really isn't that bad compared to the other stuff he does) and yeah, the list goes on. Also apparently he (heavily) tortures other schoolmates and it's not like he gets paid for it like the Twins or the other guys. He just does it for fun?? OK!! The premise of his character is amazing and it's great to see a villain that's actually just straight evil but since he's designed that way, we are validated when hating him ww. He talks about politics as well for some reason... keeps referencing historical tragedies.... man.
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-- 7) ASAGAO/THE PUSHER
The Pusher is back too!! Weee~ (not really)
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In the movie, it seems as though this entire part got cut out which, like, is reasonable. I attached a photo from the Grasshopper (2015) movie for reference hahaha. The guy in the black suit is the Pusher!! Yeah, he pushes people!! (not in the fun way!!)
He is in charge of protecting Wataru from the Prince's guy, although he's reluctant at first. He's obsessed with bugs and stuff. Whenever he opens his mouth, it's probably going to be about bugs. The Pusher's also strangely poetic. Maybe it's because he likes old bands like the Rolling stones? Oh!! And he gets mentioned in The Mantis.
And speaking of the Kimura family, Yuichi Kimura says something very true and it's:
"who do they gotta make the train toilets so nasty"
-- 8) LADYBUG IS COOL
This is very much a fact. In Mariabeetle, he gets kidnapped when he's 8 years old because he gets mistaken for a rich kid (after he lost a bet with his wealthy friend and had to wear his "rich person backpack"), then in the place he's being held captive, he escapes by HIMSELF since his dad isn't able to give the guys money for his son back (since they took the wrong person!!). But heyy he's resourceful and smart.
AND guess what?? He gets traumatised because there was this other boy being held but Ladybug didn't save him and it's haunted him ever since. This is also one of the reasons why he ends up helping the Prince even though he knows it won't do him any good.
Obviously, it gets worse from there. He makes it back to his family and they're pretty happy. Unfortunately, they're far from rich and Ladybug has to study extremely hard to get into a college. Spoiler alert, he doesn't. THE THING IS!! He studied so hard!! It's just that during his exam, some kid sneezed on his paper and he wiped it, smudging all his work and even his name!! Nanao! No!!
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-- 9) TANGERINE BOOK RECS
To the Lighthouse - Virginia Woolf
"We perished, each alone."
-> He really loves that quote. A lot. Also he's a Virginia Woolf fan!!
2. Forbidden Colours - Yukio Mishima
-> He's also a Yukio Mishima fan... I wonder if he's ever read "The Sound of Waves". What would he think about it? Hahaha this will keep me up at night 😅 (<- SLANTED EMOJI!!)
3. The Sailor who Fell from Grace with the Sea - Yukio Mishima
-> To talk about Article 41 of the Penal Code of Japan. (Mr Kotaro Isaka, the author, studied law, by the way!! It's interesting!!) However, here, Tangerine quotes Mishima on Article 41 ;)
4. Hemingway and Faulkner
-> Actually it's a collection so it's not really a book recommendation but these two people are real - Ernst Hemingway (the Old Man and the Sea guy) and William Faulkner. They didn't really get along, by the way, and even though they respected the other's work, they criticised more than praised. Sounds like the Twins.
5. Demons - Fyodor Dostoevsky
-> "Crime is no longer insanity, but simply common sense, almost a duty; anyway, a gallant protest."
I think the author is a heavy Fyodor Dostoevsky fan, just because he also referenced his works in Three Assassins.
6. Crime and Punishment ;D
-> "Science now tells us, love yourself before all men, for everything in the world relies on self-interest."
(CONT'D) yeahh this book was referenced in Three Assassins and one of the characters is obsessed with it. Glad to see that Tangerine is a fan too hahahaha.
-- 10) LEMON IS AWESOME
Opinionated text here but Lemon is plain awesome.
"Between the principal's name and Doraemon's gadgets, it was blindingly obvious which one was more important."
To each their own and I know he's a criminal but he seems like he has no enemies. Sounds very wholesome.
-- 11) HORNET THE MVP
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She's in Three Assassins AND the Mantis!! Hypercool. In both books, the Hornet is a team of a male and a female. The female is eliminated (this word choice ww) by Ladybug but the male is still up and kicking, though Ladybug feels bad about it. They use poison needles, like the movie, but they trigger anaphylaxis, which is a really dangerous allergic reaction that causes body shocks.
-- 12) SUZUKI: PHILOSOPHER AND ECONOMIST
"If people knew that they might be killed by someone tomorrow, economic activity would grind to a halt."
... well 😅 take from that what you will.
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(that's Suzuki!!)
Cela dit... that's all.... so long, I'm sorry. But thank you so much if you read until the end!! I hope you at least found it a bit entertaining!! :"))
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miamicommune · 3 months
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always going 2 be doomed to being the financially worst off and lowest energy person in a flat whilst also having to buy everything for that flat and do most of the cleaning
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slicedblackolives · 9 months
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I may shit on DU all of the time but the truth is that i made over twice what those degrees cost by the time i graduated so ¯\_(ツ)_/¯
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cutiromer0 · 1 year
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a guy I was talking to just ended up insulting Kane and calling him trophyless and worse than Haaland and the need to block him is HIGH
🚫🚫🚫 do not slander mother Kane anywhere near me 🚫🚫🚫
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hella1975 · 7 months
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‘oh you have a new interest? thank god you’re being normal about it and not spending all your money-’ SHUT UP. CLASSICS SECTION IN THE CHARITY SHOP DOWN THE ROAD
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chaotic-history · 7 months
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Today in AP Gov I all of a sudden got a horrible headache the second the teacher mentioned Jefferson. Maybe there's something to the macaroni haunting story after all
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oddbookreport · 1 year
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Ok this post started as a reply to another post about how numbers were fake and got away from me a bit, strap in.
EDIT: Public Service loan forgiveness is a federal program in the US where if you work in government for 10 years the government will pay off the remainder of your student loans. This is way more important than the rest of this godforsaken screed and I'd appreciate a reblog to get out information on that.
This is a facebook group run by my dad(!) among others with a ton of useful information in case student loans are something you are struggling with and have a public service job or are looking to change careers.
Ok, Autism time.
TLDR: Companies are incentivized to borrow money because they can reliably only pay back a fraction of it while using it to inflate their stock price. You are disincentivized from borrowing money because you will pay back 120-130% of what you borrowed unless (and sometimes even if) you file for bankruptcy. We actually do need a financial sector but it's badly under regulated, and also international finance has no rules and is an imperial power-fest. Also anti-finance is an antisemitic dogwhistle.
Debt is one of the fuckiest things on the planet and I wrote this for my own edification but in case it helps someone make sense of a new concept that'd be pretty cool.
Proof the numbers in the economy are fake:
No debt is repaid in exact numbers. You borrow 10k, and probably you pay back 11-13k over a number of years. The government borrows 1 trillion dollars and pays back 1.1 trillion dollars over a number of years. A company borrows 1 million dollars, they pay back 1.1 million dollars over a number of years. The numbers almost always go up, this is one reason we have inflation. You can pay less than you borrowed, but only under certain conditions. Inflation is one, such that you pay relatively less though absolutely more. Typically the numbers only go down if someone defaults, but that's usually the worst case scenario because it breaks the kind of promise that the whole economy is based on.
If you default, your debt is sold by the bank to someone else. Not for 10k, or whatever is left on the balance, but for probably 1-2k, a fraction of what it's "worth" and then the person who bought it tries to get you to pay the rest of the balance while the bank reports the loss as part of their tax deductible operating expenses.
Then, you're still on the hook for the 11-13k plus whatever fees the debt collector wants to charge. And if you don't pay those, they do it again, selling what they bought for 1-2k for 4-5 hundred, and so on, until you file for chapter 11 bankruptcy and are no longer legally obliged to pay all of the debt. In practice, this means the government negates the lender's right to collect the full balance in exchange for you going on a payment plan based on a new agreement the government brokers between you and the lender.
After this, because you failed to pay back the full balance, you will find it almost impossible to find banks to loan you money, even if in the end you paid way more than the 11-13k you would have paid back if you had made your payments on time.
In general, if you file for bankruptcy, you lose.
This sort of works in reverse with the stock market: You buy stock and the company pays you back with interest because you are loaning them your money. Companies sell stock at an initial price, auctioning it off in lots to find out what people think it's worth, and what it's worth is based on a) its capacity to increase in value and b) the monthly/yearly interest repayment which is based on the IPO price. Higher price means more money raised for the company but only at the IPO rate because once it's on the secondary market the company doesn't actually see any of the money except as good publicity.
The interest payouts are called dividends, although only a few companies actually care about paying them out anymore. Many companies ignore their dividends and instead just try to pump the price of their stock on the secondary market, aka the stock market. The ratio between stock price and dividends gives you an interesting picture of how the company sees its long term strategy: Car companies which don't really grow tend to have low ratios between stock price and dividend. Tech companies, which are looking to blow up and act like they don't know nobody, tend to have very high stock prices and very low dividends.
Crucially, companies tend to see the stock price as a reflection of the company's health, or "consumer confidence" or something, and a lot of executive pay is tied to it because most of them get paid in stock.
But the number doesn't mean anything concrete (to the company) after the IPO.
The upshot of all this is that while you are expected to borrow and pay your balance back with interest, companies are rewarded for borrowing and then artificially increasing the size of their own debt (stock price) because that's how the people making the decisions get paid.
Crucially, and this is also the assumption when an individual takes on debt, the debt is supposed to enable the debtor to make more money than they would have without it. However, unlike the kind of debt most individuals take out, the debt from issuing stock doesn't (usually) pay off the principle. This is why companies can (sometimes) get away with taking on debt without actually paying it off. You could in principle do this too if you registered as an LLC and issued stock for yourself, but this would be weird and paying strangers dividends might be a big financial burden. Or it might work out, go wild. I'd say the odds of this working are fairly comparable to minting yourself as an NFT and trying to sell it, albeit without needing to use the blockchain. Please ask a lawyer first though.
Also, companies can take on way more debt with way less risk because it is significantly less punishing for a company to file for bankruptcy than a person. The LLC in LLC is short for Limited Liability Corporation. If a company files for bankruptcy, it usually gets to keep most of its assets, because the government in general wants it to keep producing whatever it was producing and its debts are restructured accordingly. Sometimes, however, the assets are sold and the creditors just lose out on any debt over and above the selling price of the assets. Companies can try to shed debts by selling their assets for cheap to a new company, filing for bankruptcy, and then leaving creditors with the losses. This is fraud, but sometimes they get away with it and the "limited liability" part means that even if it is fraud it is legally difficult to go after the people responsible. LLCs are why if your company goes bust, you as an employee cannot be sued, which is generally a good thing. However, the structure of LLCs make it very easy for a company to take on more and riskier debt while you, as an individual are expected to pay off everything you borrow.
In general, if a company files for bankruptcy, the creditors lose.
The Government, apart from regulations, mostly cares about finance for two reasons: Economic stability and Retirement savings.
All this shit is made up. It's a game with very complicated rules, but there's no natural reason for it to work in the particular way that it does. In fact, there are countries like Turkey where it works completely differently, mostly because of religious laws about interest collection. Both Christianity and Islam have complicated histories with finance, but I digress. The point it that finance is almost entirely held up by agreements between extremely fickle parties. Like, there are contracts, agreements, balance sheets, and so on but none of this is pegged to any real asset. (This is a good thing, people who tell you that we should go back to the gold standard are morons) What that means is that the government can decide at any time to forgive people's debts. They can just void the contracts, who's going to stop them? (Be careful if you have a banking system powerful enough to go toe to toe with the government. JP Morgan and a bunch of other wall street people actually tried to overthrow the US Government in 1933.) They need to be careful about this because being able to borrow money when you need it is a net positive, and doing it too often disincentivizes people from lending money making borrowing more expensive. But overwhelmingly, rather than forgiving small dollar loans to people, the government forgives giant loans to companies.
This is partially because the stability of the system, ie creditors getting paid in order to keep a steady supply of creditors, matters more than the fate of any particular player within it, and partially because big fish can manipulate the system to insulate themselves from consequence.
For example, in 2008, tons of first time homeowners had gotten "subprime mortgages," meaning they had borrowed more money than they could afford to repay in order to buy a first home. Increased buying meant prices went up, borrowers were unable to afford the increased property taxes from their suddenly valuable homes, and then were forced to sell, producing even more subprime borrowers. These debts were defaulted on, sold, and then bundled into packages where debt buyers could not see the insolvency of the loans. Then, the bubble burst. People suddenly realized that they had taken out a million dollar mortgage, which they could not afford the monthly payments on, on a house that would only sell for 400k. And they were on the hook for the entire million plus interest.
At this point, the government had a choice: they had to do something about the fact that millions of people had borrowed more money than they could afford. They could have bought the debt, and helped the homeowners pay in a situation similar to a chapter 11 bankruptcy where some assets are protected in order to prevent massive foreclosures, or they could have done what they did which was buy out the debt buyers and help the creditors recoup their losses. Instead of virtually slashing housing prices by forgiving mortgage debt in order to help people stay housed, they assumed the debts of the people who had bought subprime mortgage bundles, mostly banks, while refusing to go after the architects of the scheme who had issued the bad mortgages and sold them under false pretenses.
The biggest reason why this stuff really matters is that at least how the US does things right now, almost all retirement securities are tied to stock price. That's your 401ks, your Roth IRAs, etc. With the exception of Social Security and Medicare, almost all the income seniors have is based on the performance of the stock market. This isn't the worst idea, as compared to previous systems like large savings banks or just having parents cared for by their kids this is A) somewhat resistant to inflation and B) does not shackle predominantly young women to permanent unpaid elder care as was the case under past more patriarchal systems. It's good that in general inflation can't wipe out the savings of someone who saved 100,000 1970 dollars only to have that barely cover a week of cancer treatment. Finance makes that happen.
Also, people want to do things that cost more money than they have, like buy houses, start businesses, and go to college. Businesses also want to do things that cost more money than they have, like build factories, conduct research and development, and offer benefits to employees. Finance makes that happen.
We would still need finance even if (like under communism) the government paid for these things, and whether finance should be entirely public (communism) entirely private (anarcho-capitalism) or semi-private (status quo) is a really complicated question. Finance is not this intrinsically evil thing.
Also because of the aforementioned history of Christians making collecting interest illegal most demonization of finance is directly connected to the Jews, who under medieval law were forced into being bankers in order to avoid forcing Christians from committing the sin of usury (interest collection). Much history of antisemitism in Europe is directly connected to these sorts of laws. The stereotype of the greedy jew, for example, comes from the fact that when medieval governments wanted to raise money, such as for a crusade, they would increase taxes but only on the jews. This forced the jews who were legally forbidden from doing any other job to increase interest rates in order to stay financially solvent, demanding higher rates on borrowing and lower interest on savings. This effectively raised taxes on everyone, but looked like the lord was being generous while the jew was being greedy. Anyone who talks about the intrinsic evils of global finance, whether they know it or not, is parroting Nazi talking points. Bear in mind that the Nazis did the same shit as the medieval lords: by raising taxes on Jews and only Jews, as well as seizing the assets of Jewish refugees, expropriating Jewish owned businesses, and using the Jews as slave labor they funded significant social welfare programs and their invasions of neighboring European countries without significantly increasing taxes on anyone but the Jews, at least until ~1940.
But there are still perverse incentives.
Whenever finance (making money by moving money around) overshadows production (making shit people actually need) bad things happen. Enron was a prime example of this: it was a "holding company" (they owned property that other people used for production without being directly involved in that production) that used an asset shell game to boost their stock price to hundreds of times their dividend, then sold out leaving investors with worthless stock they had bought for thousands of dollars.
Crashes can usually be predicted in advance: the problem is that the government is usually lax with enforcing financial crime. Journalists and economists saw 2008, Enron, the Dot Com bubble, the Asian Financial Crisis, and many other financial disasters coming. Karl Marx argued that Capitalism exists in a permanent cycle of boom and bust as a result of its systematic incentives. There is a history of financial crisis going back to the story of Joseph in Genesis. However, even when governments can see it coming, financial prophylaxis, such as regulation, is usually seen as too expensive even when it is cheaper to prevent a disaster than to clean up after one. Worse, the fact that the bankers almost never get prosecuted means that financial mismanagement and crime continue to exacerbate what might be a natural tendency of markets to rise and fall. This is direct consequence of the structure of LLCs. The higher the highs, the lower the lows, but if you're trying to jump out of the market at the top and then buy up everyone else's assets for pennies at the bottom, you want the cycles to be as extreme as possible. That's the position major companies find themselves in, and it's basically only good for them.
I'm not enough of an expert to have specific policy recommendations, except that in the 90s Bill Clinton overturned a law which separated savings banks from investment banks. Savings banks rely on high interest rates, both on loans they issue such as for mortgages, cars, and so on, and on the personal savings you receive from depositing money in them. Once upon a time (the 90s) you could put your money in a normal bank and get 5-6% interest in a savings account. This no longer happens. Investment banks make their money by taking your money, putting it on the stock market, and collecting the difference. Investment banks are more profitable (mostly for the bank) but more risky (mostly for you), like having someone start a casino with your money. House advantage is there, but they can still lose. Before the 90s, it was illegal for your bank to gamble with your savings on the stock market. Now it is not, and this law is something I think we should bring back.
When it comes to governments and the international system things are weirder.
It's really hard to make a government keep a promise, so they get to flaunt these rules. Also, as a rule, Governments only care about their citizens (sometimes defined very narrowly as non-immigrant, non-prisoner, white, etc) and not anybody else. Anything they do on behalf of any other group is only because it also benefits their citizens for some reason. The only real way to make a government keep a promise is by lawsuit, which they can ignore if they don't like, or war, which most people can't really do for fun. This is why The US Debt strategy for its entire history going back to Alexander Hamilton is to run up the credit card like it's Christmas. The plan as far as the USA is concerned is to borrow money and only pay off the interest rather than the principle. The only way someone is going to get the USA to pay off the principle is by beating them in a war. However, those interest payments are the most reliable debt interest payments in the world, unless the republicans in the house are real fucking numbskulls come June. I'm not exactly smart enough to understand the nuance of why all the other countries on earth let us do this but I think it has something to do with beating everyone on the planet in a war in the last century. However, the US always pays its debts in full, even if as a result of inflation what they're paying back is only part of what it was worth when they borrowed it. This is normal, though whether or not it's ethical depends on your views on american empire.
What's important about this is that things like the US debt clock are shameless right wing propaganda. Someone somewhere will tell you that the government has borrowed like three hundred thousand dollars on your behalf and that they expect you to pay it back. This is then used to argue against government spending. I won't get into fiscal policy but this is a lie, and it's better to keep borrowing and paying off debt than to try to achieve fiscal or financial independence internationally.
International finance is also directly used as an oppressive tool for reproducing capitalism in developing countries. The last thing I'll say on the subject is this: countries with less economic power than the G7 are subject to bullying by larger economies. Every country in the world borrows money, and this is generally a good thing. However, Unicef, the World Bank, and other international institutions set terms on the loans that they offer to countries that were robbed under colonialism and refuse to lend money to them unless they comply with various international standards. This sometimes includes things like requiring girls to be able to go to school, and sometimes requires forcing governments to pay license fees for US patents on things like insulin and oh boy if your prescription drug costs are high in the US just imagine how much money you have to pay for drugs with US patents on them after converting non-US money to dollars. Whether or not you agree with these sorts of policy requirements, they are neo-colonialism and do contribute to American domination over these countries. Just because we're loan sharking them for insulin money instead of invading their country for oil doesn't mean that isn't what it is. Intellectual property is one of the most contentious parts of these sorts of fights, where a country would be happy to void a US patent on behalf of its citizens but it can't without losing access to international loans.
There are lots of problems with finance and it's dialed into the entire modern political system so it's extra fucky to understand in greater detail than this, and while it is strictly speaking politically neutral, the more power you have the more you can manipulate it. There unfortunately aren't great tools the average person has to do about the state of the world financially, but I think it's helpful to know and I hope you enjoyed reading this. Maybe you smack a fascist with something from this if they start talking about how globalists run the banks.
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tomswifty-fr · 2 years
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one of my favorite all-time pieces of media is this avengers parody some kids at my high school made to explain different types of unemployment for extra credit. it’s not good in any traditional sense, but it’s genuinely funny and creative. has really good dialogue and perfect comedic timing. of course there is the nostalgia factor of ‘hey i know that intersection!’ ‘hey i know where that prop came from!’ ‘hey i know how he actually got hit with that trash can lid and came to school the next day with a black eye!’ i already mentioned the dialogue but there are lines i constantly have the urge to quote but don’t because no one would recognize them. i’m not in touch with anyone involved and i don’t know what any of them are doing but oh i hope they are well
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pleasegostudy · 8 months
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hello fellow grad students, i need some help finding literature from outside my discipline.
does anyone on here do psychology (or tbh any social science would help) and know of literature on what characteristics people look for in mentors/role model? thank you in advance x infinity!
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