actionablefiber

4개월 전discuss

It's increasingly a pet theory of mine that the uncontrolled concentration of wealth into the hands of the richest, their subsequent existential ennui, and their disconnect from reality owing to media consolidation and algorithmic content feeds have basically created a world where the superrich are in a "post-game" mentality. There are no further material comforts to obtain. They just want to feel anything at all and the only way to do that is by bringing about the end of the world.

actionablefiber

2년 전discuss

> It tries to make you 'competitive' so hard.

I've found that it's really what you make of it. My city has a bunch of cycling subcultures - social slow rolls, fast road riding, sightseeing and exploration, commuting and errand-running - and different people like to see and talk about different types of rides and sometimes dabble in different subcultures, but generally people care way more about seeing the rides, and whatever fun banter or background context you add when you post it, than analyzing your speed and elevation.

I really love the social aspect of Strava because I'm friends with all the other people I follow on it. In some way I think it is more intimate than traditional social media. You could get a better picture of my life and how I spend my time from seeing my physical displacements during the day than by seeing the super filtered Instagram stuff that I only choose to share when I'm having a good time and doing something interesting.

actionablefiber

4년 전discuss

The BoE had to completely flip its policy to rescue pension funds which were getting margin calls because of Truss and Kwarteng's mini-budget destroying the gilt market, so I guess you're right.

actionablefiber

4년 전discuss

That 1/3 makes a pretty huge difference...

And more importantly she was announcing these policies at an exact time when the Bank of England was trying to raise interest rates and sell bonds to fight inflation. So you have the government and the central bank pursuing contradictory goals: one trying to jumpstart consumption by borrowing and spending and the other trying to cool it by raising the cost of borrowing and reducing spending. This lead to a lot of wasted time, money and efforts and really destroyed the government's credibility.

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