for - meme - abolish philanthropy - to - critique - Andrew Carnegie essay - The Gospel of Wealth

meme - abolish philanthropy - Agree. Corporations, through externalizing social and ecological impacts, have created a majority of the problems of the polycrisis, that non-profits are created to solve - It would be far more efficient to NOT create those problems to begin with - see my annotations on Andrew Carnegie's "Gospel of Wealth" - where I critique Carnegie's philosophy

to - critique - Andrew Carnegie - essay - The Gospel of Wealth - https://hyp.is/go?url=https%3A%2F%2Fwww.carnegie.org%2Fabout%2Four-history%2Fgospelofwealth%2F&group=world

for - quote / critique - it is upon us, beyond our power to alter, and therefore to be accepted and made the best of. It is a waste of time to criticize the inevitable. - Andrew Carnegie - The Gospel of Wealth - alternatives - to - mainstream companies - cooperatives - Peer to Peer - Decentralized Autonomous Organization (DAO) - Fair Share Commons - B Corporations - Worker owned companies

quote / critique - it is upon us, beyond our power to alter, and therefore to be accepted and made the best of. It is a waste of time to criticize the inevitable. - Andrew Carnegie - The Gospel of Wealth - This is a defeatist attitude that does not look for a condition where both enormous inequality AND universal squalor can both eliminated - Today, there are a growing number of alternative ideas which can challenge this claim such as: - Cooperatives - example - Mondragon corporation with 70,000 employees - B Corporations - Fair Share Commons - Peer to Peer - Worker owned companies - Cosmolocal organizations - Decentralized Autonomous Organization (DAO)

for - quote / critique / question - Thus is the problem of Rich and Poor to be solved. The laws of accumulation will be left free; the laws of distribution free. Individualism will continue, but the millionaire will be but a trustee for the poor; intrusted for a season with a great part of the increased wealth of the community, but administering it for the community far better than it could or would have done for itself. - The Gospel of Wealth - Andrew Carnegie

quote / critique / question - Thus is the problem of Rich and Poor to be solved. The laws of accumulation will be left free; the laws of distribution free. Individualism will continue, but the millionaire will be but a trustee for the poor; intrusted for a season with a great part of the increased wealth of the community, but administering it for the community far better than it could or would have done for itself. - The Gospel of Wealth - Andrew Carnegie - The problem with this reasoning is that it is circular - By rewarding oneself an extreme and unfettered amount of wealth for one's entrepreneurship skills creates inequality in the first place - Competition that destroys other corporations ends up reducing jobs - At the end of life, the rich entrepreneur desires to give back to society the wealth that (s)he originally stole - If one had reasonable amounts of rewarding innovation instead of unreasonable amounts, the problem of inequality can be largely mitigated in the first place whilst still recognizing and rewarding individual effort and ingenuity

for - quote / critique - The price we pay for this salutary change is, no doubt, great - Andrew Carnegie

quote / critique - The price we pay for this salutary change is, no doubt, great - Andrew Carnegie - Carnegie goes on to write that the great freedoms offered by industrial mass production has an unavoidable price to be paid - Successful manufacturing and production cooperatives, B-Corporations, worker-owned companies, etc have disproved that it is an either-or situation. - Consider the case of the Spanish manufacturing giant, Mondragon, a federation of worker cooperatives employing 70,000 people located in Spain - where this price is NOT paid - Carnegie's essay reflects a perspective based on the time when he was alive - Were Carnegie alive today to witness the natural conclusion of his trend of progress in the Anthropocene, he would witness - extreme pollution levels of industrial mass production threatening to destabilize human civilization itself - astronomical wealth inequality - And these two are linked: - wealth inequality - a handful of elites have the same wealth as the bottom half of humanity - carbon inequality - that same handful pollutes as much as the bottom half of humanity

to - Mondragon cooperative - explore - https://hyp.is/GeIKao1rEe-9jA_97_KRBg/exploremondragon.com/en/ - Oxfam wealth and carbon inequality reports - https://jonudell.info/h/facet/?max=100&expanded=true&user=stopresetgo&exactTagSearch=true&any=oxfam

for - critique - destruction of Individualism - The Gospel of Wealth - Andrew Carnegie - individual / collective Gestalt - Deep Humanity

critique - destruction of Individualism - The Gospel of Wealth - Andrew Carnegie - From a Deep Humanity perspective, the individual and the collective are intertwingled - This is the individual / collective gestalt - Communism and Capitalism are both extreme poles - the truth lies somewhere in the middle - which acknowledges both are individual AND collective nature simultaneously - and works to balance them

for - critique - extreme wealth inequality cannot be avoided for the greater improvement of society - The Gospel of Wealth - Andrew Carnegie - stats - Mondragon corporation - comparison of pay difference between highest paid and lowest paid - adjacency - Gandhi quote - Andrew Carnegie beliefs in The Gospel of Wealth

critique - extreme wealth inequality cannot be avoided for the greater improvement of society - The Gospel of Wealth - Andrew Carnegie - It's a matter of degree - Wealth differences within US corporations of 344 to 1 are obscene and not necessary, as proven by - Wealth difference of 6 to 1 in Mondragon federation of cooperatives - To quote - Gandhi, there is enough to meet everyone's needs but not enough to meet everyone's greed - The great problem with such large wealth disparity is that those who know how to game the system can earn obscene amounts of money - and since the concept of luxury goods is made desirable and proportional to monetary wealth, it creates a positive feedback loop of insatiability - The combination of engaging in ever greater luxury lifestyle and power is intoxicating and addictive

to - stats - Mondragon corporation - comparison of pay difference between highest paid and lowest paid - https://hyp.is/QAxx-o14Ee-_HvN5y8aMiQ/www.csmonitor.com/Business/2024/0513/income-inequality-capitalism-mondragon-corporation

for - critique - extreme wealth a reward for rare management skills - Andrew Carnegie - The Gospel of Wealth - Mondragon counterexample - to - stats - Mondragon pay difference between highest and lowest paid - article - In this Spanish town, capitalism actually works for the workers - Christian Science Monitor - Erika Page - 2024, June 7

critique - extreme wealth a reward for rare management skills - Andrew Carnegie - The Gospel of Wealth - Mondragon counterexample - This is invalidated today by large successful cooperatives such as Mondragon

to - stats - Mondragon corporation - comparison of pay difference between highest paid and lowest paid - https://hyp.is/QAxx-o14Ee-_HvN5y8aMiQ/www.csmonitor.com/Business/2024/0513/income-inequality-capitalism-mondragon-corporation

for - from - MSN article - How a poor boy from Scotland became the richest man on Earth - The life of Andrew Carnegie - Daniel Coughlin - essay - The Gospel of Wealth - Andrew Carnegie - philanthropy adjacency - Carnegie - The Gospel of Wealth - Anthropocene - critique

summary - It is interesting to read this article from the perspectives of a commons activist - The link to the MSN article that led me to Carnegie's essay is below and it provides a good summary of his life. - He came from a very challenging life of poverty, growing up in a family and in circumstances where they were constantly struggling to make ends meet - His is the story of the deep imprint of poverty providing him with motivation to escape it - Having risen to become the world's richest man, and then giving his fortune away due to the deep imprint of poverty experienced in childhood, - he formed an opinion on inequality and capitalist material production that was borne out of his experience as a successful entrepreneur and the contrast of quality of life between: - a pre-industralized society in which he was familiar from childhood experiences and - the profound material improvements accessible to all due to mass production that he helped to pioneer - In the essay, he sees the inequality found in society to be the price that needed to be paid for everyone to have access to a higher standard of living - This is where critical analysis from a modern post-Marxist, post-Capitalist perspective might provide an interesting critique, - especially from the anthropocene perspective, where the epitome of the system Carnegie praised has led to a state of environmental destruction so vast that Carnegie could never have foreseen it - A question: would Carnegie have written his essay differently were he alive to witness the environmental destruction of the Anthropocene?

from - MSN article - How a poor boy from Scotland became the richest man on Earth - The life of Andrew Carnegie - Daniel Coughlin - https://hyp.is/urXCfo1hEe-OdSMr4kqwyg/www.lovemoney.com/news/135656/the-astonishing-rags-to-riches-story-of-andrew-carnegie

for - stats - Mondragon corporation - pay difference comparison between highest paid and lowest paid - from - essay - The Gospel of Wealth - Andrew Carnegie - Carnegie organization

from - essay - The Gospel of Wealth - Andrew Carnegie - Carnegie organization - https://hyp.is/dIoiDo16Ee-0n2OpOK3lwg/www.carnegie.org/about/our-history/gospelofwealth/

stats - Mondragon corporation - comparison of pay difference between highest paid and lowest paid - Modragon - 6 to 1 - typical US - 344 to 1 - typical Spain - 77 to 1

for - to - essay - The Gospel of Wealth - Andrew Carnegie

article details\ - title: How a poor boy from Scotland became the richest man on Earth - author: Daniel Coughlin - publication: https://www.msn.com/en-za/news/other/how-a-poor-boy-from-scotland-became-the-richest-man-on-earth/ss-AA1snaUl?ocid=widgetonlockscreen&cvid=7d9709f2a3784d09b14e49f448a1a4cc&ei=12#image=25 - date - 2024, Oct 18

1:22:36 Could A community Association get a Community Banking Licence? 1:22:38 Could a local Credit Union be a consortium partner and issue more money into the system to develop the entire wealth of the Neighbourhood

1:02:29 The national debt is a historical record of the cumulative money that a government spent dollars than it took out which were transformed into US Treasuries

https://en.wikipedia.org/wiki/Matthew_effect

The Matthew effect of accumulated advantage, sometimes called the Matthew principle, is the tendency of individuals to accrue social or economic success in proportion to their initial level of popularity, friends, and wealth. It is sometimes summarized by the adage or platitude "the rich get richer and the poor get poorer". The term was coined by sociologists Robert K. Merton and Harriet Zuckerman in 1968 and takes its name from the Parable of the Talents in the biblical Gospel of Matthew.

related somehow to the [[Lindy effect]]?

Interesting thread about Paris Hilton.

Main takeaway: Don't be quick to judge. Only form an opinion based on education; thorough research, evidence-based. If you don't want to invest the effort, then don't form an opinion. Simple as that.

Similar to "Patience" by Nas & Damian Marley.

Also Charlie Munger: "I never allow myself to have [express] an opinion about anything that I don't know the opponent side's argument better than they do."

Asset Manager großer Investment Fonds, darunter BlackRock, benutzen sogenannte Öko-Fonds mit ESG-Siegel für massive Investitionen in fossile Unternehmen. https://www.theguardian.com/business/2023/may/02/green-investment-funds-pushing-money-into-fossil-fuel-firms-research-finds

• for: elephants in the room - financial industry at the heart of the polycrisis, polycrisis - key role of finance industry, Marjorie Kelly, Capitalism crisis, Laura Flanders show, book - Wealth Supremacy - how the Extractive Economy and the Biased Rules of Captialism Drive Today's Crises

• Summary

  • This talk really emphasizes the need for the Stop Reset Go / Deep Humanity Wealth to Wellth program
  • Interviewee Marjorie Kelly started Business Ethics magainze in 1987 to show the positive side of business After 30 years, she found that it was still tinkering at the edges. Why? - because it wasn't addressing the fundamental issue.
  • Why there hasn't been noticeable change in spite of all these progressive efforts is because we avoided questioning the fundamental assumption that maximizing returns to shareholders and gains to shareholder portfolios is good for people and planet.**** It turns out that it isn't. It's fundamentally bad for civilization and has played a major role in shaping today's polycrisis.
  • Why wealth supremacy is entangled with white supremacy
  • Financial assets are the subject
    • Equity and bonds use to be equal to GDP in the 1950s.
    • Now it's 5 times as much
  • Financial assets extracts too much from common people
  • Question: Families are swimming in debt. Who owns all this financial debt? ...The financial elites do.

• meme

  • wealth supremacy and white supremacy are entangled

• for: key question - maximizing returns

• key question

• quote: Marjorie Kelly
  • Is maximizing returns really what we insist upon if that is the force that's driving our fragility and ecological crisis?

• for: the real BIG LIE, elephant in the room - wealth inequality, working class driven to hard right

• for: book - wealth supremacy - 7 myths, 7 myths of Capitalism, capital bias, definition - capital bias

• DESCRIPTION: 7 MYTHS of CAPITALISM

  • The Myth of Maximization
    • example of absurdity of maximization
      • Bill Gates had $10 billion. Then he invested it and got $300 billion. There's no limit to how much wealth an individual can accumulate. It is absurd.
  • Myth of the Income Statement
    • Gains to capital called profit is always to be increased and
    • Gains of labor is called an expense, is always to be decreased
  • Myth of Materiality (also called capital bias)
  • definition: capital bias
    • If something impacts capital, it matters
    • If something impacts society or ecology, it doesn't matter
  • With the capital bias, only accumulating more capital matters. NOTHING ELSE MATTERS. This is how most accountants and CFO's view the world.

• quote: Laura Flanders

  • The capital is what matters. We're aiming for more capital and nothing else really matters. That's the operating system of the economy. So the real world is immaterial to this world of wealth as held in stocks and shares and financial instruments.

• for: definition - wealth supremacy

• definition: wealth supremacy

  • is the condition of an economic system that is purposely designed so that those already in possession of a great deal of wealth can at the minimum maintain their share, but more proactively to grow it
  • by definition, wealth supremacy is designed to maintain inequality
  • since carbon inequality tracks wealth inequality, this system is designed to maintain climate injustice

https://en.wikipedia.org/wiki/Boots_theory

“The Sam Vimes "Boots" Theory of Economic Injustice runs thus:<br /> At the time of Men at Arms, Samuel Vimes earned thirty-eight dollars a month as a Captain of the Watch, plus allowances. A really good pair of leather boots, the sort that would last years and years, cost fifty dollars. This was beyond his pocket and the most he could hope for was an affordable pair of boots costing ten dollars, which might with luck last a year or so before he would need to resort to makeshift cardboard insoles so as to prolong the moment of shelling out another ten dollars.<br /> Therefore over a period of ten years, he might have paid out a hundred dollars on boots, twice as much as the man who could afford fifty dollars up front ten years before. And he would still have wet feet.<br /> Without any special rancour, Vimes stretched this theory to explain why Sybil Ramkin lived twice as comfortably as he did by spending about half as much every month.”<br /> ― Terry Pratchett, Men at Arms (1993)

REPORT: Executive Excess 2023 - Institute for Policy Studies by Sarah Anderson in August 2023

see article about this report at https://hypothes.is/a/D6qzfENbEe6qDg8H-IEo6g

Lauren Aratani in CEOs of top 100 ‘low-wage’ US firms earn $601 for every $1 by worker, report finds at 2023-08-24 (accessed:: 2023-08-25 08:20:02)

• for: W2W, TPF, stats, inequality, wealth redistribution, wealth tax, quote, quote - wealth tax, quote - inequality, stats, stats - inequality, stats - wealth tax
• quote
• stats
  • An annual wealth tax of just 5% on multi-millionaires and billionaires
  • could raise US $1.7 trillion a year
  • enough to lift 2 billion people out of poverty
• author Institute for Policy (2023)
• comment
  • that breaks down to approximately $US 1,000 per person for 2 billion people from the 1% elites
  • this is pretty reasonable
  • W2W can begin with this simple VOLUNTARY ASK
  • if the multi-millionaires and billionaires do just this consistently, then it is so little from their coffers and they could avoid a wealth tax by simply stepping up voluntarily
  • Could W2W motivate them to?

https://robertreich.substack.com/p/welcome-to-my-class

Robert Reich course “Wealth and Poverty” 2023

• for: carbon inequality, w2w, leverage point - climate change, 1%, inequality, wealth tax
• title
  • The role of high-socioeconomic-status people in locking in or rapidly reducing energy-driven greenhouse gas emissions
• authors
  • Kristian S. Nielsen
  • Kimberly A. Nicholas
  • Felix Creutzig
  • Thomas Dietz
  • Paul C. Stern
• date
  • Sept 30, 2021 -source
  • https://www.nature.com/articles/s41560-021-00900-y
• abstract
  • People with high socioeconomic status disproportionally affect energy-driven greenhouse gas emissions directly
    • through their consumption and
    • indirectly through their financial and social resources.
  • However, few climate change mitigation initiatives have targeted this population segment,
    • and the potential of such initiatives remains insufficiently researched.
  • In this Perspective, we analyse key characteristics of high-socioeconomic-status people and explore five roles through which they have a disproportionate impact on energy-driven greenhouse gas emissions and potentially on climate change mitigation, namely as:
    • consumers,
    • investors,
    • role models,
    • organizational participants and
    • citizens.
  • We examine what is known about their disproportionate impact via consumption and
    • explore their potential influence on greenhouse gas emissions through all five roles.
  • We suggest that future research should focus on strategies to reduce greenhouse gas emissions by high-socioeconomic-status people and to align their
    • investments,
    • organizational choices and
    • actions as social and political change agents
  • with climate change mitigation goals.

• for: inequality, carbon inequality, 1%, wealth tax

• for: inequality, climate justice, wealth tax
• policy paper
• title
  • survival of the richest
• date
  • Jan 16, 2023
• executive summary
  • Since 2020, the richest 1% have captured almost two-thirds of all new wealth
    • nearly twice as much money as the bottom 99% of the world’s population.
  • Billionaire fortunes are increasing by $2.7bn a day,
    • even as inflation outpaces the wages of at least 1.7 billion workers, more than the population of India.7
  • Food and energy companies more than doubled their profits in 2022,
    • paying out $257bn to wealthy shareholders,
    • while over 800 million people went to bed hungry
  • Only 4 cents in every dollar of tax revenue comes from wealth taxes and
    • half the world’s billionaires live in countries with no inheritance tax on money they give to their children.
  • A tax of up to 5% on the world’s multi-millionaires and billionaires could raise $1.7 trillion a year,
    • enough to lift 2 billion people out of poverty, and fund a global plan to end hunger.

• for: inequality, wealth tax, climate justice, earth system justice
• policy paper
• title
  • Survival of the Richest
• source
  • Oxfam

• date

  • Jan 2023

• Executive Summary

  • Since 2020, the richest 1% have captured almost two-thirds of all new wealth
    • nearly twice as much money as the bottom 99% of the world’s population.
  • Billionaire fortunes are increasing by $2.7bn a day,
    • even as inflation outpaces the wages of at least 1.7 billion workers, more than the population of India.7
  • Food and energy companies more than doubled their profits in 2022,
    • paying out $257bn to wealthy shareholders,
    • while over 800 million people went to bed hungry
  • Only 4 cents in every dollar of tax revenue comes from wealth taxes and
    • half the world’s billionaires live in countries with no inheritance tax on money they give to their children.
  • A tax of up to 5% on the world’s multi-millionaires and billionaires could raise $1.7 trillion a year,
    • enough to lift 2 billion people out of poverty, and fund a global plan to end hunger.

• Second great separation
  • Industrial Revolution
    • The early enclosure movement during the 1600s
      • separated people into farmers and non-farmers
      • https://hyp.is/go?url=https%3A%2F%2Fwww.parliament.uk%2Fabout%2Fliving-heritage%2Ftransformingsociety%2Ftowncountry%2Flandscape%2Foverview%2Fenclosingland%2F&group=vnpq69nW
    • Prior to the enclosures, land was held in common for public use, not owned by individuals.
    • The rise of capitalism also occurred during this time.
      • Adam Smith wrote his landmark book, The Wealth of Nations, in 1776.
      • Land was privatized so the most efficient use of land could be determined
        • by market competition rather than
        • community consensus.
      • Labor then also had to be ​“commodified,” or bought and sold,
        • so non-farmers could work for wages and buy food and the other necessities of life they had been getting from the land.
      • With reliance on working for wages, buying, and selling
        • the necessity for personal relationships were diminished.
      • With the diminished necessity for personal relationships,
        • the social cohesion within families, communities and society began to diminish as well.
    • The persistence of chronic poverty and malnutrition, even during times of tremendous economic growth and individual wealth, are direct consequences of a growing sense of disconnectedness from each other that was nourished by the industrial era of economic development.

• comment
  • extreme financial wealth
    • is often not only accompanied by, but actually CREATES
    • extreme poverty of MEANING
  • this is the equation:
    • extreme financial wealth = extreme meaning poverty

Millionairres are just regular people lol. They don't (always) have luxury and other high paid stuff.

Becoming a millionaire takes skillset and effort, not saving.

Becoming wealthy means aiming high. You will not go higher than the goals you set. Aim for a crazy amount, and do the work it takes. It filters behavior down to the essentials.

One) Successful men realize that the most important decision in their life is the woman they choose, because outside of work, this is what they'll be spending most time on. The woman must understand the man's grand ambition, and support them with it. (Cf. Flow & The Intellectual Life as well). Women should be chosen on personality, not looks. Looks fade (attraction as well), personality "stays".

Two) Everyone deserves an opinion but not everyone deserves a say. Charlie Munger sums this up right: "I don't ever allow myself to have [express] an opinion about anything that I don't know the opponent side's argument better than they do." Or Marcus Aurelius, who says: "The opinion of ten thousand men is of no value if none of them know anything about the subject." In short: Only state your opinion when you can back it up!; knowledge and experience. The same goes for judging opinion (and advice) from others.

Three) Successful people buy assets when the money is enough. Assets > Luxury. (See also: Rich Dad, Poor Dad, Robert Kiyosaki). Only buy glamor and other "interests" once your assets are there to secure your financial success.

Four) Be pragmatic. Do what's practical, not what is "sexy". Notice inefficiencies and solve them. The entrepreneurial mindset.

Five) The morning sets the tone for the rest of the days. Time is subjective, waking up early doesn't matter as much as waking up later. It depends on the person. Someone who wakes up at 10am can be as successful as someone who wakes up at 6am. Instead, what defines success, is a highly effective morning routine.

Six) The less you talk, the more you listen. Talking less means less mistakes. In addition, the less you talk, the more people will listen when you do speak. It puts extra weight on your message. Listening means analysis and learning.

Seven) Pick the right opportunity at the right time. Pick the right vehicle. Do the right things in the right order! The advice "don't do what someone says, do what they do" is bullshit, as you can't do what someone is able to do after ten years of experience.

Eight) Discipline > Motivation. Motivation, like Dr. Sung says, fluctuates and is multifactorial dependent... When you are lead by motivation you will not be as productive. Don't rely on chance. Rely on what is stable.

Nine) Once a good career has been made, buy A1 assets and hold on to them to secure a financially successful future.

Ten) Just because you won, you are not a winner. Being a winner is a continuous process, it means always learning and reflecting as well as introspecting. Don't overvalue individual wins but do celebrate them when appropriate.

Eleven) Build good relationships with the banks early on. At times you need loans to fund certain ventures, when having a good relation with them, this will be significantly easier. Understand finance as early as possible. Read finance books.

Twelve) Keep the circle small. Acquintances can be many, but real close relationships should be kept small. Choose your friends wisely. "You become the average of the five people you spend most time with." Privacy is important. Only tell the most deep secrets to the Inner Circle, to avoid overcomplication.

Thirteen) Assume that everything is your fault. Responsibility. It leads to learning. It requires reflection and introspection. It leads to Dr. Benjamin Hardy's statement: "Nothing happens to you, everything happens for you."

Fourteen) Work like new money, but act like your old money. Combine the hunger of the new with the wisdom of the old.

Fifteen) Assume that you can't change the world, but slightly influence it. It prevents disappointments and gives a right mindset. Do everything (that has your ambition) with an insane drive. Aim to hit the stars. To become the best of the best.

Sixteen) Private victories lead to public victories. The solid maxim is the following: "The bigger the public victory, the more private victories went into it." Work in private. Social media doesn't need to known the struggle. Let your results talk for you. This is also why you should never compare yourself to others, but rather to your own past self.

Seventeen) After extreme experience, the most complicated task will look elegant and effortless. Unconscious competence.

Siehe auch: World's 5% 'Polluter Elite' Responsible for 37% of Global Emissions Growth, Study Concludes - EcoWatch, das Buch Carbon Inequality: The Role of the Richest in Climate Change - 1st Edi, den Bericht über die IPCC-Beratungen zur Studie des Konzeptwerks Neue Ökonomie Maßnahmen gegen die Klimakrise: Ein Flug alle drei Jahre - taz.de

• Table
  • Interrelationship of wealth and emissions per capita. //
• It is clear that we have an urgent need
• to bend the curve of emissions of elites

// - This becomes a moral and ethical question, indeed could it become a legal question? - If excessive wealth, leading to excessive personal carbon emissions and denial of the wellbeing of others, limiting the freedom of others, does this not constitute harm? - If the law is about preventing harm, then extreme wealth with adverse social impacts on many others could be construed and theoretically considered as a potential form of societal harm and hence come under legal considerations. - in other words, some forms of excessive wealth could be construed as harmful wealth - excessive wealth, as it exists today, could have unintended consequences of bringing about societal harm - excessive wealth is potentially a large progress trap

• First stage of characterizing the Safe and Just Corridor
• The black line in Fig. 5 shows that
• redistribution is not enough
  • if everyone’s emissions are equalized at escape from poverty levels, then
  • we would STILL overshoot the climate boundaries (annotator's emphasis)
  • hypothetical pressure from 62% of humanity that is lacking humane access to resources is equal to the pressure exerted by 4% of the elits of humanity

• Comment
• The transformation of the economically wealthy will be critical to the future of civilization

• = tax the rich everywhere

Wealth

!- Thomas Piketty : The real source of wealth - is investing in real value such as education, infrastructure, skills, etc, NOT financial capitalism - In the 1950's the US dominated other countries through real investments in education. They led other countries so had more skilled workers that increased productivity enormously - We have to pivot away from illusory financial capital and real capital

!- Thomas Piketty : On redistribution of all forms of wealth - concerning energy, certain harmful forms of energy such as fossil fuels need to be phased out and made illegal due to their harmful effects - ALL forms of wealth, whether financial, energy, housing, needs to be progressively taxed and redistributed equitably. So a billionaire would pay 90 percent tax per year but there will still be a range of wealth...up to millionaires for instance.

!- Michael Hudson : Wealth is created in the 1% through privatization and loss of the 99% - Largest transfer of wealth in history from the public sector to the private sector, especially through financial sector - govt fire sale of public infrastructure - credit was created and invested in the biggest bon market boom in history - many of Forbes billionaires got rich through such privatization - the 1% got wealthy by indebting the 99% through privatization all around the globe - this was the effect of Ronald Reagan and Margaret Thatcher's neoliberal policies - taxation alone is not sufficient to reverse this wealth concentration, the debt has to be completely wiped out

!- key statement : the elite get rich off the government subsidizing an enormous increase in the value of stocks the value of bonds by the central bank which have been privatized. The reason THAT is happening is because the largest public utility of all, money creation and central banking has been privatized.

compare with income inequality: https://hypothes.is/a/_JLGuj3HEe2dJFdOJRcvaQ

Adam Smith thought that there were two sides to us, one side is our concern for SELF, that gets what it needs to survive but the other side is our empathic side for OTHERS, we cares for the welfare of others. His economic design theory distilled into THE WEALTH OF NATIONS was based on the assumption that these two would act in a balanced way.

There are also two other important and related variables at play that combine with Whybrow's findings:

1. Death Denialism (Ernest Becker) A growing meaning crisis in the world due to the waning influence of Christianity and significant misinterpretation of most religions as an immortality project emerging from the psychological denial of death

John Vervaeke's Meaning Crisis: https://www.meaningcrisis.co/all-transcripts/

Glenn Hughes writes about Becker and Denial of Death: https://hyp.is/go?url=https%3A%2F%2Fernestbecker.org%2Flecture-6-denial%2F&group=world

1. Illusion of Immediacy of Experience Jay L. Garfield explains how philosophers such as Nagarjuna, Chandrakurti and Dogen have taught us to beware of the illusion of the immediacy of experience that consists of two major ways in which we mistaken conventional, relative reality for intrinsic reality: perceptual faculty illusions and cognitive faculty illusions. https://hyp.is/go?url=http%3A%2F%2Fdocdrop.org%2Fvideo%2FHRuOEfnqV6g%2F&group=world

Why is 2022 a critical year to fund projects that build the commons?

From a scientific, commons and Stop Reset Go perspective, humanity now stands at the doorsteps of the Anthropocene and we as a species have collectively shaped the planet in a way that is harming many species on the globe, including our own.

We are at a bifurcation point in human history, a fork in the road and the next few years will determine the course of humanity for the next thousands of years to come.

The funneling of human resources to the few elites at the top leaves the majority of humanity little agency to determine our own future and carbon emissions are also related to structural inequality: https://hyp.is/go?url=https%3A%2F%2Fwww.oxfam.org%2Fen%2Fpress-releases%2Fcarbon-emissions-richest-1-percent-more-double-emissions-poorest-half-humanity&group=world

See Jason Hickel's arguments against the overly optimistic story that Neoliberal capitalism has alleviated poverty. Hickel finds the opposite when critical analysis is applied to the rosy claims that Steven Pinker and Bill Gates make: https://hyp.is/go?url=https%3A%2F%2Fjacobin.com%2F2019%2F02%2Fsteven-pinker-global-poverty-neoliberalism-progress&group=vnpq69nW

Funding projects in the commons counters the wealth of elites, a trend that is counter to planetary health because it continues degrading the environment through carbon inequality:

https://www.oxfam.org/en/press-releases/carbon-emissions-richest-1-percent-more-double-emissions-poorest-half-humanity#annotations:8gdC3ht8EeyWyQ-BBdinXw

and wealth inequality.

Inequalities in income and wealth decreased markedly in the West from 1914 to 1980 due to a number of factors including:<br /> - Two World Wars and the Great Depression dramatically overturned the power relationships between labor and capital<br /> - A progressive tax on income and inheritance reduced the concentration of wealth and helped increase mobility<br /> - Liquidation of foreign and colonial assets as well as dissolution of public debt

This already suggests a strategy. An education program that helps citizens to recognize the greater satisfaction from helping their fellow citizens can shift and reduce consumption patterns to be within planetary boundaries.

ReconfigBehSci [@i]. (2021, November 27). @STWorg @PhilippMSchmid @CorneliaBetsch this clip got me too- for non-German speakers. She is asked whether she is ‘concerned’. Her response: Of course I’m concerned, I’m double vexed, I’m waiting for my booster vaccination, my husband died of Covid, I was in hospital, now I’m avoiding my grand children [Tweet]. Twitter. https://twitter.com/i/web/status/1464660287739596802

ReconfigBehSci on Twitter: ‘@STWorg @PhilippMSchmid @CorneliaBetsch and every now and then we have to watch a clip like this to be reminded what all of this is really about. This pain and suffering is happening in one of the richest countries in the world at a time in the pandemic when we know exactly what to do to avoid it’ / Twitter. (n.d.). Retrieved 22 April 2022, from https://twitter.com/SciBeh/status/1464662622440144896

Mckeever, A. (n.d.). COVID-19 variants will keep coming until everyone can access vaccines. Retrieved February 20, 2022, from https://www.nationalgeographic.com/science/article/covid-19-variants-will-keep-coming-until-everyone-can-access-vaccines

‘Capitalizing on skepticism’: How the coronavirus has exposed us once again. (2022, February 16). The Seattle Times. https://www.seattletimes.com/seattle-news/capitalizing-on-skepticism-how-the-coronavirus-has-exposed-us-once-again/

https://www.youtube.com/watch?v=QPKKQnijnsM

And this was from 2012... I wonder how much worse it is today?

The NET translation says "the seductiveness of wealth". This gave me pause as I was reading it this morning sitting on my couch under a blanket with hot coffee, while the garbage men drive past all bundled up in the 27 degree weather. Wealth is seductive because it enables comfort.

Do not let comfort prevent you from getting out there and being "doers of the word, and not hearers only" (James 1:22).

Stop Reset Go needs to implement a STOP the STEAL! campaign against the elites and luxury producers and also a WEALTH to WELLth program to transition high carbon consumption lifestyle to a low one that helps the wealthy funnel their wealth into climate justice and become carbon heros instead of carbon villains.

See the reports that George Monbiot is referring to:

OXFAM REPORT: https://hyp.is/go?url=https%3A%2F%2Foxfamilibrary.openrepository.com%2Fbitstream%2Fhandle%2F10546%2F621305%2Fbn-carbon-inequality-2030-051121-en.pdf&group=__world__

Kevin points out why a CONSUMPTION-BASED METRIC is more accurate than PER CAPITA metric, as the PER CAPITA metric does not include the embodied carbon emissions of the manufactured goods that consumers purchase. Per Capita metric reflects that the manufacture is responsible, not the consumer, an inaccurate moral indication.

We have also noticed that wealthy and poor exist in ALL countries of the world and the more nuanced terminology we employ based on a Country-Wealth Sector classification matrix as described here:

https://medium.com/@gien_SRG/more-nuanced-terminology-for-post-colonialist-inequality-af2f1609635c

Using this new terminology, Monbiot and Anderson are referring to the North-North and South-North class as all the elites of the world has having the highest personal carbon footprint whilst the North-South and South-South class are the victims.

The bottom-up nature of this cluster makes it the focus area for civil society movements, human inner transformation (HIT) approaches and cultural methodologies.

Changing the mindset or paradigm from which the system arises is the most powerful place to intervene in a system as Donella Meadows pointed out decades ago in her research on system leverage points: https://donellameadows.org/archives/leverage-points-places-to-intervene-in-a-system/

The sleeping giant of billions of potential change actors remains dormant. How do we awaken them and mobilize them. If we can do this, it can constitute the emergence of a third unidentified actor in system change.

The Stop Reset Go (SRG) initiative is focused on this thematic lens, bottom-up, rapid whole system change, with Deep Humanity (DH) as the open-source praxis to address the needed shift in worldview advocated by Meadows. One of the Deep Humanity programs is based on addressing the psychological deficits of the wealthy, and transforming them into heroes for the transition, by redirecting their WEALTH-to-WELLth.

There are a number of strategic demographics that can be targeted in methodical evidence-based ways. Each of these is a leverage point and can bring about social tipping points.

A number of 2021 reports characterize the outsized impact of the top 1% and top 10% of humanity. Unless their luxury, high ecological footprint behavior is reeled in, humanity won't stand a chance. Annotation of Oxfam report: https://hyp.is/go?url=https%3A%2F%2Foxfamilibrary.openrepository.com%2Fbitstream%2Fhandle%2F10546%2F621305%2Fbn-carbon-inequality-2030-051121-en.pdf&group=__world__ Annotation of Hot or Cool report: https://hyp.is/go?url=https%3A%2F%2Fhotorcool.org%2Fhc-posts%2Frelease-governments-in-g20-countries-must-enable-1-5-aligned-lifestyles%2F&group=__world__

I'll make further notes on the actual article, which I want to read.

This is an astute observation about the destructive journey towards wealth concentration...it often leaves a trail of destruction in its wake. It would make a good subject for a book.

Lower-income countries are letting far fewer COVID-19 vaccine doses expire than wealthier nations | Gavi, the Vaccine Alliance. (n.d.). Retrieved October 3, 2021, from https://www.gavi.org/vaccineswork/lower-income-countries-are-letting-far-fewer-covid-19-vaccine-doses-expire

The elites point the way for those in even the lowest income brackets to follow. This crosses cultures as well. Capitalism trumps colonialism as former colonized peoples reserve the right to taste the fruits of capitalism. Hence, hard work, ingenuity and leveraging opportunity to accumulate all the signs and symbols of wealth, joining the colonialist biased elites is seen as having arrived at success, even though it means contributing to the destruction of the planetary commons. The aspirations to wealth must be uniformly deprioritized in order to align our culture in the right direction that will rescue our species from the impact of following this misdirection for the past century.

Winthrop believed that the acquisition of wealth and profit was acceptable so long as it was done in the glory of God and for the common good. In other words, he justified the acquisition of wealth in a religious society that it was the duty of members in a society to band together to correct the inequality put forth by God. The act of charity was portrayed as a service to God. He also believed that excessive wealth lead people astray from God.

Winthrop addressed wealth in "A Model of Christian Clarity" because he called for members of his community so they could establish successful colonies in the face of numerous hardships. This was because many were not willing to share their wealth with others or cooperate. He wanted to place the interests of the community over the interests of the individual.

Citations: Wood, Dr. Andrew. “Summary of John Winthrop’s ‘Model of Christian Charity.’” San Jose State University COMM 149 Rhetoric and Public Life, www.sjsu.edu/faculty/wooda/s149/149syllabus5summary.html. Accessed 8 Sept. 2021.

Financialization of the economy may indicate that this isn't the case. What labor is really being done? Isn't more of it built on information and information flows?

These numbers definitely need to be checked.

What level of rich are we talking about with this comparison? The uber-rich or the rich?

The rich need at least some level of education to prevent themselves from being scammed certainly, but how hard do the uber-wealthy really need to work?

This may be the case for high-earners, but where do these people sit with respect to the higher elite or "leisure class"?

Are these hard working high-earners a new class of people that has emerged that aren't the previous elite of the mid-1900s?

What effect does the rise of finacialization (versus manufacturing or service sectors) since the 1970's have on this shift? Did these high-earners arise out of a hole in the market to service the elites on the highest rung up to make their wealth grow faster?

There seems to be a hole in this argument with respect to the prior quote:

Fifty, 60, 70 years ago, you could tell how poor somebody was by how hard they worked. Today, that relationship has been completely reversed. Elites work for a living. They work harder than they used to. They work harder in terms of brute hours than the middle class on average, and they get most of their income by working.

Migration from Mexico, Reasons, Violence, Domestic Violence

Mexico/ Before the US, Mexican Childhood, Family; Migration From Mexico, Reasons, Domestic Violence

The dominant culture being in a position of power and wealth makes it far easier to direct the future to ensure that the dominate culture stays in power and wealth.

How does one "break this wheel" of power?

correspondent, S. W. E. (2021, January 21). Home schooling is widening attainment gap between rich and poor, finds report. The Guardian. https://www.theguardian.com/education/2021/jan/21/home-schooling-is-widening-attainment-gap-between-rich-and-poor-finds-report

Mecca is considered the holy city of Islam, near Cairo, Egypt on the west side of Africa. When Mansa Musa made his pilgrimage, as is tradition for a Malian sovereign, he impressed the court so much with his offering that people wrote about it for decades to come. Looking further at his journey, we note that he left Niani and most definitely passed one of the branches of Mount Tauris (the Tibesti Mountains). It's incredibly interesting to think about how long this journey was, and the fact that he left such a large impression by his gifts and wealth was fascinating to me considering the era. In our readings, it also said he brought 10,000 of his followers, which is even more incredible that that many people made this perilous journey

In this section, the atlas is referring to the Malian King, Mansa Musa. I was not aware that he was also called Musse Melly, but was able to infer due to the familiar image of him as well as the description of his wealth. As we know, Mansa Musa is still believed to be the richest human in world history. We also learned that Mansa Musa used his wealth to benefit his country, though this was not mentioned in this section.

Hier sind vor allem die Links zu anderen Berichten in EcoWatch interessant.

Zur Studie der Heinrich-Böll Stiftung vom Dezember, die jetzt vom IPCC debattiert wird.

I appreciate what Barron is getting at here but I think he's taking an extremely contrarian stance to get at his point. Obviously Venmo is not condoning childhood alcohol consumption - a better and more nuanced take (which he alludes to elsewhere in the article) is that the conditions of modern life have prolonged adolescence for millennials (and generation z) - the traditional signifiers of adulthood are gone and the aesthetics of contemporary corporate app and internet design have adjusted to reflect this shift.

This is what happened when 125 participants were given $500/month over two years to see what would happen.

Heroy, Samuel, Isabella Loaiza, Alexander Pentland, and Neave O’Clery. ‘Controlling COVID-19: Labor Structure Is More Important than Lockdown Policy’. ArXiv:2010.14630 [Physics], 5 November 2020. http://arxiv.org/abs/2010.14630.

Alfani, G. (2020, October 15). Pandemics and inequality: A historical overview. VoxEU.Org. https://voxeu.org/article/pandemics-and-inequality-historical-overview

I love this point, there are so many different places and there is always inequality everywhere.

Network, T. O. F. (2021, February 8). The Haves and Have-Nots: The geopolitical dilemma of COVID vaccine equity. The OECD Forum Network. http://www.oecd-forum.org/posts/the-haves-and-have-nots-the-geopolitical-dilemma-of-covid-vaccine-equity

A "brocade" is "a rich fabric woven with a raised pattern, typically with gold and silver thread."

How rich does one have to be to wear literal gold?

Think about the extra work needed to attain a start to generational wealth. How is this different for different people? What have you seen in or around your life that seems similar or which has a different pattern?

EXAMINE THE SYSTEMS WHICH HELP TO ENFORCE THIS RACIAL INCOME DIVIDE! Most relate. Fixing these systems could help to bridge the income gap between racial groups. Even laws so ingrained in us.

Harvard’s Chetty Finds Economic Carnage in Wealthiest ZIP Codes. (2020, September 24). Bloomberg.Com. https://www.bloomberg.com/news/features/2020-09-24/harvard-economist-raj-chetty-creates-god-s-eye-view-of-pandemic-damage

If rich countries monopolize COVID-19 vaccines, it could cause twice as many deaths as distributing them equally. (n.d.). Retrieved September 17, 2020, from https://news.northeastern.edu/2020/09/14/if-rich-countries-monopolize-covid-19-vaccines-it-could-cause-twice-as-many-deaths-as-distributing-them-equally/

Goodman, J. D. (2020, August 31). A Quick Virus Test? Sure, If You Can Afford It. The New York Times. https://www.nytimes.com/2020/08/31/nyregion/rapid-coronavirus-test.html

This is why I doubt Snowden's claim that most plagues did not discriminate against the poor or rich. The poor will always have it worse as they are forced to congregate with others for income and live in unsanitary conditions, for example

Rich get richer while poor get poorer. Why is this? Perhaps find an article explaining this

research unemployment statistics more, compare to financial hardships in pandemics throughout history

how are communities with zero or negative wealth harmed during pandemics? Do research on this

I think there is potential to do that, but then you hear cases like how some companies have reduced the pay for remote workers based on the cost of living of the cities that they live in.

Gale, W. G., Gelfond, H., Fichtner, J. J., & Harris, B. H. (2020). The Wealth of Generations, With Special Attention to the Millennials (Working Paper No. 27123; Working Paper Series). National Bureau of Economic Research. https://doi.org/10.3386/w27123

Should Contact Bans Be Lifted in Germany? A Quantitative Prediction of Its Effects. COVID-19 and the Labor Market. (n.d.). IZA – Institute of Labor Economics. Retrieved August 8, 2020, from https://covid-19.iza.org/publications/dp13151/

The Cost of the COVID-19 Crisis: Lockdowns, Macroeconomic Expectations, and Consumer Spending. COVID-19 and the Labor Market. (n.d.). IZA – Institute of Labor Economics. Retrieved August 7, 2020, from https://covid-19.iza.org/publications/dp13224/

Lin, Z., & Meissner, C. M. (2020). Health vs. Wealth? Public Health Policies and the Economy During Covid-19 (Working Paper No. 27099; Working Paper Series). National Bureau of Economic Research. https://doi.org/10.3386/w27099

Brown, C. S., Ravallion, M., & van de Walle, D. (2020). Can the World’s Poor Protect Themselves from the New Coronavirus? (Working Paper No. 27200; Working Paper Series). National Bureau of Economic Research. https://doi.org/10.3386/w27200

Glover, A., Heathcote, J., Krueger, D., & Ríos-Rull, J.-V. (2020). Health versus Wealth: On the Distributional Effects of Controlling a Pandemic (Working Paper No. 27046; Working Paper Series). National Bureau of Economic Research. https://doi.org/10.3386/w27046