Tootfinder

How AI automation can fulfill Thomas Piketty's predictions on rising economic inequality, and why highly progressive taxes on capital can help slow the spiral (Philosopher Count)
https://philiptrammell.substack.com/p/capital-in-the-22nd-century

Capital in the 22nd Century
Piketty was wrong about the past. He’s probably right about the future.

"Debt does matter, but the debt that matters in a capitalist economy is not so much public debt, but corporate debt. The latest estimates are that in the major economies, some 30%-plus of companies have so much debt that they do not earn enough profits to service that debt."
...
"the stock market may be booming ... but the rest of the economy is not so buoyant; and there appear to be cockroaches eating into the clean running of the world of debt. "
Michae…

Debt and the cockroaches
Let the Financial Times sum it up: “US stocks ride AI hype and trade truce to 6-month winning streak S&P 500 and Nasdaq post longest runs of monthly gains in years.” The FT points out that US s…

Good Morning #Canada
We are almost at the end of our #CanadianCapitals series and today's post is about the sunniest city in Canada. Yellowknife and its surrounding water bodies were named after a local Dene tribe, who were known as the "Copper Indians" or "Yellowknife Indians", because they traded tools made from copper deposits near the Arctic Coast. Yellowknife is a relatively new capital becoming the seat of Government for the Northwest Territories in 1967. The settlement was founded in 1934 with the discovery of gold and became a centre of economic activity in the NWT. As gold production began to decrease, Yellowknife shifted from being a mining town to a centre of government services in the 1980s but a new mining boom started with the discovery of diamonds north of the city in 1991. Established on the shore of the world's 9th largest lake, Yellowknife is a popular tourist destination for watching the Northern Lights.
#CanadaIsAwesome #History #Geography
https://thecanadianencyclopedia.ca/en/article/yellowknife-nwt

AI video startup Luma AI raised a $900M Series C led by Humain, sources say at a ~$4B valuation (Vaibhavi Khanwalkar/The Economic Times)
https://economictimes.indiatimes.com/tech/funding/vide…

Video generation platform Luma AI raises $900 million, valued at $4 billion
The firm’s Indian-American CEO Amit Jain, an IITian who was formerly with Apple, told ET that the domain the company operated in is capital-intensive and requires sizable investments to scale. Sources close to the company pegged its valuation at around $4 billion.

AI video startup Luma AI raised a $900M Series C led by Humain, sources say at a ~$4B valuation, and partners with Humain on a 2GW AI cluster in Saudi Arabia (Vaibhavi Khanwalkar/The Economic Times)
https://economictimes.i…

Video generation platform Luma AI raises $900 million, valued at $4 billion
The firm’s Indian-American CEO Amit Jain, an IITian who was formerly with Apple, told ET that the domain the company operated in is capital-intensive and requires sizable investments to scale. Sources close to the company pegged its valuation at around $4 billion.

Fascism has arrived in the US. Here's a video of a (liberal) lawyer just straight up saying the courts won't save you.
The system only speaks two languages now: money and violence. If you want a chance to avoid the second, now is the time to use the first. #MassBlackout is a #Boycott of the American corporations that support the dictatorship. By showing that people have the power to shut down the economy if elites don't listen, we can hit them where it actually hurts.
From now until December 2nd, do as many of these things as you can:
- Stop online or in-store shopping (except for small businesses)
- Stop work
- Stop streaming, cancel subscriptions, no digital purchases
This is one of the few times that boosting stuff on social media and doing nothing else actually *can* make a difference. Boost posts tagged with #WeAintBuyingIt, #MassBlackout, and #BlackOutTheSystem. Make sure everyone you know knows about it. Hold each other accountable to keep from spending. You may already not be spending because.... well,.. #Trump has already made everything too expensive. The thing is that elites can't actually tell the difference. Spreading word, making the protest seem as big and impactful as possible is all that's really needed to fracture elites and turn them against each other. Boost, write your own post, make these tags trend on every platform you can, then do nothing.
Don't buy things, don't work. Just stop. Refuse to participate in capitalism. This is the ultimate "fuck you, make me" because they absolutely can't make you. This is the ultimate reminder of where power actually comes from.
If you're outside the US, (continue to) boycott American products (if the tariffs haven't already taken care of that) until the regime falls. Cancel all American streaming services, and any other American tech you can. If you're stuck on American tech, spend some time to look for local alternatives.
It turns out the world is more interconnected than capitalists would like you to believe, and we all actually have the power to change things. It's time to prove it.
#USPol

While I'm not much for the law, I recognize that not everyone I talk to thinks the same way. But even if you are like me, the enormity of the list of Trump's crimes is just staggering. There really couldn't be any more clear of an illustration of the fact that there are two legal systems: one for the elite, and one for everyone else.
We all know #Trump just does crimes all the time, but it can be hard to track the enormity of it. The YouTube lawyer LegalEagle put together a list and it's pretty incredible. It's a little over 40 minutes of him rapidly listing times that Trump has violated the law during his second term (completely ignoring his first term).
#MassBlackout is a #Boycott of the American corporations that support the dictatorship. By showing
that people have the power to shut down the economy if elites don't listen, we can hit them where it actually hurts.
From now until December 2nd, do as many of these things as you can:
- Stop online or in-store shopping (except for small businesses)
- Stop work
- Stop streaming, cancel subscriptions, no digital purchases
This is one of the few times that boosting stuff on social media and doing nothing else actually *can* make a difference. Boost posts tagged with #WeAintBuyingIt, #MassBlackout, and #BlackOutTheSystem. Make sure everyone you know knows about it. Hold each other accountable to keep from spending. You may already not be spending because.... well,.. Trump has already made everything too expensive. The thing is that elites can't actually tell the difference. Spreading word, making the protest seem as big and impactful as possible is all that's really needed to fracture elites and turn them against each other. Boost, write your own post, make these tags trend on every platform you can, then do nothing.
Don't buy things, (if you can) don't work. Just stop. Refuse to participate in capitalism. This is the ultimate "fuck you, make me" because they absolutely can't make you. This is the ultimate reminder of where power actually comes from.
I've been trying to remind everyone, every day. Please do the same. Keep this opportunity at the top of everyone's mind. Keep it in your mind.
Trump is more vulnerable now than he's ever been, and there is no time in the next year that we have more power than right now. This is one of the most important parts of the year for the US economy. What you do, or don't do, right now has more of an impact than any other time.
#USPol #BlackFriday #CyberMonday