Tangible Liability

Tangible Liability

Social/ SilenceOnKey/ TopiksAnOldMemik/ HabitWeMustNowGraspOrFace/ TheEnd

Ten weeks ago who would have said that the unemployment rate in the world’s biggest economy would have gone from ‘brag rights’ lowest level in 70 years: to worst level on record. Thus we are introduced to some massive damage to the world’s progress, as we survey the liaility cost of a predictable problem.

Costs you will remember make that liability tangible

The Tangible Liability inherent in under-investment securing our position in the multiverse of imaginary wealth and prosperity that we call a global economy: has revealed the myth of our brave new world.

Ironically, a bookkeeping rule prevents us from going some considerable way to solving the most problematic part of the catastrophe we currently face… the disappearance of consumption expenditure when people have no work..

The rule requires that certain classes of Assets reflected on a business’s financial records, most specifically on the Balance Sheet; may only be recorded at a nominal and prudent value because they are INTANGIBLE Assets.The value cannot be measured.

One such INTANGIBLE asset is called DATA.

So a business may have a million dollars’ worth of bath plugs on its books at a value that can be measured: e.g. 10 bath plugs to the Dollar= tangible asset

On the other hand, the brand name of the business may be famous, like Perrier once was; yet the value as an “intangible Asset” as reflected on the balance sheets, is normally modest: relative to the turnover of the business. Its value became noticeable when some bad news killed a multi-billion dollar business in hours.

Value here is abstract and basically non-measurable… other than through proxy formulas that often themselves are no more than attitude surveys. Or when the shit hits the fan.

So when value is abstract the rules of the Basle Agreements on Accounting standards require, reasonably, that the value be a prudent assessment: erring on conservative.

Thus; along with such quaint ideas as Goodwill, and Brand Identity: Data takes its place in the ranks of intangibility. Apparently: In practice DATA ranks generally low; often at almost absurdly low numbers, in the books of the standard tech or less tech business.

Check Facebook for instance. It beautifully exploits its vast data holdings to produce 29 Billion dollars[US] of income… But the data itself doesn’t even get a mention in the balance sheet. Presumably it is there somewhere: but not noticeably.

However, prudent accounting practices can sometimes be, almost foolishly, understating risk regarding the asset… Plus risk can often impact only after some time after the event. Thus did Cambridge Analytica demonstrate the real tangibility: of the liability that was incurred through sloppy data management… As does the Covert 19 virus now.

The basic ‘bookkeeping’ rules that require data to be shown as an intangible asset at a prudent value that may see DATA being less highly valued than its records allow…. While the corresponding costs [ie;liability] of holding the DATA hacked are huge.The market understands value better than bookkeepers in this case.

Nonetheless; the facts of life are that all Assets sit on the credit side of the account: because they are OWNED.

So let it be with DATA

And the OWNERS are the PEOPLE who supplied it.

Another way to look at this: is that the OWNERS thus have EQUITY in the data.

So. The world is faced with a catastophe. This virus is here and usually they stay.
So this disruption will continue and we face a global depression that could be worse than any ever known. Universal Basic Income is a 4th Industrial Revolution Tool that can alleviate pain.

The world has changed and now runs on DATA… something in which the Owners have equity that is not being realised.

So the solution starts with a change in the rule that says data has an intangible value because it is turning out, that the damage could see the end of all things that we have ever known.

Therefore i postulate the Thesis that:
Data holds the key to a Universal Basic Income…
That Universal Basic~Income Is Not Founded On the illusion of infinite Debt because it coomes from the Credit side of the business.
Debt is the short version of Debit the opposite of equity

TheEar/ LySciFiWri/ TersLikeHeinleinAsi/ MovAndHerbertPlayedAWorldCalled/ Credits/

Those credits belong to those who gave them … We the People.

Go Figure

Loves ya all

Mental Kolonization: The New, ‘New World invasion’

The Colonization of the Mind:


Never mind 1492: konsider 2018….
Mr. Z meets Kongress


In the fictional world that I have invented: and about which I am currently writing, circa 2037, an anomaly that did not exist before 2011 is remedied. As a result the concept of universal income in our reversion to a pre-industrial era neo-cottage services based economy, has become a reality.


However it is not something ‘given’ for ‘free’’ by the/ or even a/ State organisation… The era of centralized control we have known for the past few centuries rapidly disintegrates under the trend to quantum computing; linked to blockchains [aka distributed ledgers] & crypto currencies. Not to mention a host of corresponding trends and developments as yet as undiscovered: as was DATA at the teenage dawning of the era.


Universal Income becomes a concept based on trillions of micro payments, moving from businesses like Facebook [et al] to data owners, and back…. Creating a virtuous circle of satisfactions where the idea that Governments control all things: is as historical an idea as the one that says happiness is the destiny of humanity.


The future is a decentralized one.


Konfederacy rulz.


Pragmatically this has to happen: in order to sustain what is rapidly evolving into a globally, services based, AI dominated, robotically moved economy.


In that place to which we
Are
Evolving [in my fictional world,
Anyway]
at
Breakneck speed, a majority of
Ordinary people does not
[Apparently] have the com
Petence to do any
Thing more complex than
Shop: and mutter
OMG.



The following piece of abstraction, disguised as poetic form, had a curiously viral progression in that past before 2037… through the annals of day to day existance: and slowly allowed the idea of liberation to filter into conciousness.


The Mind as the New world


We are witness now to what will
In decades to come, be seen as
A most momentous moment: in
The brief history of homo
Sapiens sapiens.
We are witness to
And participants in: the kolo
Nization of the mind.


When we [humans] colonized
[Allegedly empty] land
Back in the 15th cent
Ury; assuming everyone already
Living there
To be irrelevant to
Purpose
Mainly because they were
Undocumented, unlettered and
Innumerate
Primitives. We
[The invaders] simply
Appropriated the land and
Its bounty:
As we had done for
Thousands of years. This bounty
Became a cost
Free
Windfall
[Almost: unearned].


For instance, plundering
Entire mountains of silver in
South
America: bounty; from which
Inordinate profits could
Be generated: with little
Or no regard for
The source.


The most fascinating aspect of the recent interrogation of Mr. Z
Uckerburg by the Congress of the
Firmian elites… Senators and Representatives
Alike
Was the latter persons’ complete incomp
Rehension at the scale of what had
Happened: while they had been busy
Ruminating
On perennial peccadillo’s.


There was a disconcerting sense of
The time machine. Here was
Cortez meeting the
Aztec royalty, who were
Baffled
At this predicted even
Anticipated yet
Unexpected
Arrival.


Mysterious people, with
Serious intentions: and powerful,
Incomprehensible machinery. Then… whoops
Before they could say SH*T!! … They were in
History’s garbage bag.


In effect, the worthy Congresspersons became as one with the beguiled “Natives”, of many colonized lands: faced with the incomprehensible.


Therefore, they trotted
Out their
Memes and
Things; and each, thinking ‘stomach’
First, asked all the
Questions regarding the inhe
Rent trivia of Mr.
Z’s offence.


Not one
However of that
Kolektion of [apparently] f
Undamentally out of touch
Human’s e
Ven got to grips with the
Kore of the
Dilemma: facing their konstituents.


A Tji-Nyanees participant in a Davos debate
Earlier this year, spoke
Of a Grey Rhino effect, which
He explained represented
“Something so huge it completely
Obscured
The screen”.


The Grey Rhino here is
The word
DATA
And the
Kolonisation of the mind
That it represents.


Naturally the more cynical
Amongst us
May argue that ignoring
The grey rhino is essential to
The continuation
Of their pleasure: which
At heart concerns the Kolonisation of the mind.


Of course that would assume they understood what was happening.


What does this mean?


Simply this. Using the language of
Mr. Adam Smith…. He,
Famously, of The Wealth
Of Nations… Mr. Z
Uckerburg [and
His illustrious peers]
are the most
Successful kolonizers of all
Time.


According to
The hype surrounding the man’s
Recent forage around the
Firmian Capitol’ he gains some 25
Billion dollars of
[Profit] annually from
Some 40 Billion $US
Revenue. In a competitive
World of
Razor thin margins that is beyond
HUGE.


The revenue comes from companies
That use the data given
So f
Reely by the b
Illions of
Users of his
‘Machine’.


They use the
Insights it presents to target
Prospects for product
Purchases, more efficiently
Than ever known.
Inherently, this means that, like
The Konquista
Dors, who found mountains
Of silver back in the 16th
Century; appropriated it from naïve
Possessors: like those
Who purchased Manhattan: for bags of
Beads; and
Achieved great
WEALTH.


Mr. Z [et al] have achieved a similar,
Inherently
‘Unearned income’. They are
The
El Supremo
Rentiers.


When Mssrs. Smith and
Ricardo talked of ‘Economic
Rent’, they were referring
To this windfall effect


Resulting from control over the product
Of a natural resource.


In this case, data
Emanating from a human
Source: the ultimate in a natural
Resource.


It also took about a hundred and
Fifty years then: for the penny
To drop too.


We hope the penny will drop
sooner, for humans
today or the rest
of the century could get seriously
rough: especially for those
absently
left behind.


Jerome Powell [new chairman of the Firmian Federal Reserve,] admitted
something in his opening salvo with
the same group of kongresspersons, earlier
this year;
that “The Slack”, to which he made constant
reference when justifying the
continuing,
no inflation trend
of the past decade:


In spite of allegedly: full employment
Conditions in Firmia.


“The Elliot curve is cracked,” they call…
“The mob in here, are all


In thrall to


The slack,” he said: “beyond the Wall”:


The
Fifty million people across the
World
Living daily off the Web… who
Are an almost infinite
Resource
at wage levels way below
Those of the Firmian
Norms.


No one
Has ever admitted that before:
Publically.


So in building Facebook Mr. Z’s true
genius lay in solving
one of humanities greatest
needs… to be in sharing kontakt
with one’s fellows
And
through the power of
digitalization he [and all
the rest of the merry
band of tech’ dudes]
invented
The thing called
DATA… symbolically
Packaging James Surowieki’s: “Wisdom
of Crowds”. Hence


The DATA then… becomes the new
‘Goldfields’ now and the
Klondike rush is being relived: as they
ALL
Kapitalize on the window of
Oppor
Tunity by ‘mone
Tizing’ his “free” source
Of ‘data’.


And as with the Silver
Exchanges of past time glory
No mention in the exchange pays rent
to the source.


No wonder the planet is all messed up
And getting hotter by the day


As the greatest beneficiary of “unearned
Income”
in history, the
Question the Kongresspersons should
Have been asking, related to that share of
Unearned income [i.e. Economic
Rent]
that should be returning
To source, rewarding
Loyalty work
Presently
Given freely: in order
To sustain
And maintain their
Ability to keep feeding
The machine.


!NiK[‘18]


To all my fellow Jedi’s “May de Forth be wid ya”