#social economics

[mysharona1987]

The French really don’t fuck around.

#France #emmanuel macron #capitalism #socialism #america #usa #democrats #republicans #gop #twitter #economics #fox news #pensions #macron

[typhlonectes]

#land #economics #plotics #philosophy #the commons #nature #capitalism #socialism

[islamiceconomicsproject]

Moral Reflections on Economics, Vol 4, Issue 2

February 2024 issue of Moral Reflections on Economics is online. It features: Article on Liquidity Risks in Islamic Banks by Salman Ahmed Shaikh Highlights of Al Baraka Forum 2024 by Muhammad Hammad IEP Public Poll results on Al Baraka Forum 2024 Book review of Economics of Prophet Muhammad (pbuh) by Syed Fazlur Rehman Research paper in focus on Cash Waqf in Malaysia by Zaki Ahmad, Mushtaq…

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#Islamic Economics #Islamic Economics Project #Moral Reflections on Economics #Morality in Economics #Social Economics #Values in Economics

[thymewayster]

Really good Twitter thread originally about Elon Musk and Twitter, but also applies to Netflix and a lot of other corporations.

Full thread. Text transcription under cut.

John Bull @garius

One of the things I occasionally get paid to do by companies/execs is to tell them why everything seemed to SUDDENLY go wrong, and subs/readers dropped like a stone. So, with everything going on at Twitter rn, time for a thread about the Trust Thermocline /1

So: what's a thermocline?

Well large bodies of water are made of layers of differing temperatures. Like a layer cake. The top bit is where all the the waves happen and has a gradually decreasing temperature. Then SUDDENLY there's a point where it gets super-cold.

That suddenly is important. There's reasons for it (Science!) but it's just a good metaphor. Indeed you may also be interested in the "Thermocline of Truth" which a project management term for how things on a RAG board all suddenly go from amber to red.

But I digress. The Trust Thermocline is something that, over (many) years of digital, I have seen both digital and regular content publishers hit time and time again. Despite warnings (at least when I've worked there). And it has a similar effect. You have lots of users then suddenly... nope. And this does effect print publications as much as trendy digital media companies. They'll be flying along making loads of money, with lots of users/readers, rolling out new products that get bought. Or events. Or Sub-brands.

And then SUDDENLY those people just abandon them. Often it's not even to "new" competitor products, but stuff they thought were already not a threat. Nor is there lots of obvious dissatisfaction reported from sales and marketing (other than general grumbling). Nor is it a general drift away, it's just a sudden big slide. So why does this happen? As I explain to these people and places, it's because they breached the Trust Thermocline.

I ask them if they'd been increasing prices. Changed service offerings. Modified the product.

The answer is normally: "yes, but not much. And everyone still paid" Then I ask if they did that the year before. Did they increase prices last year? Change the offering? Modify the product?

Again: "yes, but not much."

The answer is normally: "yes, but not much. And everyone still paid." "And the year before?"

"Yes but not much. And everyone still paid."

Well, you get the idea. And here is where the Trust Thermocline kicks in. Because too many people see service use as always following an arc. They think that as long as usage is ticking up, they can do what they like to cost and product.

And (critically) that they can just react when the curve flattens But with a lot of CONTENT products (inc social media) that's not actually how it works. Because it doesn't account for sunk-cost lock-in.

Users and readers will stick to what they know, and use, well beyond the point where they START to lose trust in it. And you won't see that. But they'll only MOVE when they hit the Trust Thermocline. The point where their lack of trust in the product to meet their needs, and the emotional investment they'd made in it, have finally been outweighed by the physical and emotional effort required to abandon it. At this point, I normally get asked something like:

"So if we undo the last few changes and drop the price, we get them back?"

And then I have to break the news that nope: that's not how it works.

Because you're past the Thermocline now. You can't make them trust you again.

#netflix #twitter #economics #corporations #social media

[perseuspixl]

How to Defeat “Wealth Supremacy” and Build a Democratic Economy - YES! Magazine

#usa #social economics #democratic economy #economy #politics #democrats #activism #republicans #gop

[jingle-jangle-spurs]

Robert House watching The Courier rip all the copper wiring out the walls of the Lucky 38

#omw to sell it as scrap at Mick and Ralph’s #or for the gun runners maybe #oc: wesson-smith kelly #he’s awful he’s the worst he’s my little pookie bear #no time to listen to your plans or views on social economics #need money to loose at the slot machines #you bet the wrong horse in this race #no main quest side tasks only #I am in your walls stealing your loft insulation #do not talk to me #crime time 😎 #all bundled up in the backseat of The Highwayman #the custom license place says $CAM1IN #fallout new vegas #fallout #courier six #courier 6 #Robert house #fallout memes #fallout nv memes #fallout nv #so many tags #babygirl why are we talking about philosophy #no helgian dialects here I’m about to send ghoulies to the moon #exploding house with my mind #my courier is the worst I love him I hate him I would not let him in my house #fallout new vegas memes

[anarchoposting-moved]

#anarchism #anarchist #anti capitalism #anticapitalism #anticapitalist #economic inequality #inequality #social justice #equality #eat the rich #housing crisis

[tedhugheshater]

Thinking about how Victor Hugo wrote one of the most famous portrayals of prostitution that is sympathetic to the prostituted woman (Fantine from Les Miserables) and shows how she is forced by poverty to sell her body, how it clearly is a traumatic experience, and how much disrespect the pimps have for her in reality... And yet he continued constantly visiting brothels and using the women's bodies - so much so that a very famous rumor was created that all the brothels in Paris closed down to mourn him after his death... Kill all men?

#not to pretend Fantine's character is the epitome of sympathy though (lolz) but it makes me feel insane #like he literally KNEW they were only there because of being forced (sexually or economically or socially) but he DID NOT CARE #like........ #mine #history #radblr #victor hugo #les mis #anti prostitution #🐝 #hall of fame

[joeywreck]

“the economist, a journal that speaks for british millionaires”-vladimir lenin

I think it’s safe to say today it’s the american billionaire.

#lenin #the economist #socialist #socialism #communism #unemployment #labor #economics #labour #economy #poverty

[wherelibertydwells]

#socialism #economics #germany #farming

[mysharona1987]

Meanwhile in France:

#France #economics #usa #politics #democrats #conservatives #universal healthcare #socialism #wall streeet journal #liberals

[9ofspades]

A summary of that long post on ads

According to staff, unfortunately tumblr is still not profitable, and it NEEDS to at least break even to keep itself alive.  Advertisers may be a necessary evil, and if you’d like to avoid them, please buy the blue checkmarks or crabs or pooping horse or ad-free or anything else that will keep this site functional.  

#original #tumblr #psa #social media #economics

[islamiceconomicsproject]

A Reflection of Divine-based Islamic Economics

Paper Title: A Reflection of Divine-based Islamic Economics (D-BIE) Author:        Mustapha Hamata, Mohamed Aslam Mohamed Haneef, Mustafa Omar Mohammed, Salina Kassim Publisher:    Journal of Islamic Finance Vol. 12 No. 1 (2023) 109 – 115.  This paper provides reflection on Islamic economics and rightly concludes that a lot of work needs to be done in providing distinct story of why financial…

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#Divine Economics #Ethics and Economics #Islamic Economics #Mohamed Aslam Mohamed Haneef #Mustafa Omar Mohammed #Mustapha Hamata #Salina Kassim #Social Economics

[capitalism-and-analytics]

#Communism #Antisocialism #Anticommunism #Economics #Minimum Wage #Living Wage #Eat the Rich #Republican #Democrat #Libertarian #Conservative #Liberal #funny #funny meme #capitalism #socialism #dark humor #anticapitalism

[perseuspixl]

“Succession” is over, but spoiled, entitled billionaire man-children are still very much with us, running social media companies, owning newspapers and television networks, and funding politicians and judges who then keep their taxes low and regulations minimal.

#usa #america #republicans #democrats #politics #income tax #tax #finance #social economics #economics #wealth #billionaires #wealth distribution #wealth gap #wealth tax #socialism #social issues #tax system

[gothhabiba]

I saw this whole long thread of people hand-wringing about "anti-intellectuals" on tiktok and how scary it is that they're believing sourceless claims other people on tiktok tell them, because they claim they have the same chance of being correct as anything that "science says."

and said hand-wringers were waxing poetic about the scientific method and replicability and how everything that's published in an academic journal is guaranteed to be true and correct because of a little thing called peer review whereby scientists (naturally a petty and pedantic people) are encouraged to tear each other's conclusions apart.

and I just have to say. if you believe (in the midst of a major replicability crisis amongst scientific journals, no less) that everything published in a scientific journal is de facto factual or trustworthy, and if you believe that peer review of all things is a process that is guaranteed to prevent papers with anything from flaws in experimental design to full-blown fraud from going to print (as if publishers don't have a literal profit motive to publish studies that yield novel, startling conclusions),

then you are 100% as "anti-intellectual," foolish, & averse to thinking for yourself as the tiktokers you're making fun of. actually I think I like you less. at least their ideas might be bizarre enough to be interesting

#while being wholly ignorant of sociology of science & the social and economic factors that go into scientific knowledge-production #is very common and boring