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Joined 4 months ago
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Cake day: March 1st, 2024

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  • I’m talking more about the UK that i know more about than other countries, i think the USA has some similarities - but all countries do have important differences.

    There used to be a lot more regulation - both intra and inter nationally - that limited how much they could do in terms of international and mortgage investment. Since deregulation banks have typically shifted into investing more into the housing market and to some degree overseas (hard to observe the net position though, especially with multinational corps. and banks). Essentially I’d argue this “crowded out” domestic capital intensive industrial sectors. And generally reduced the savings multiplier in favour of more bubbly type investments - or household sector.

    The conequence was that the “job” of the banking sector used to be to fund domestic (business) investment and growth - and to try not to debauch the currency too badly - at least in the post war period. They had to manage the balance between bubbles , stable investments and their non-performing loan rate, and maintain reserve requirements and central bank deposits as a buffer against bank runs .

    But since 70s/deregulation they just invest more wherever they like - with less constraints in place to protect the whole system. They seem to be able to get bail outs without major consequences for management when they fuck up. (This was probaably the case in the 50s and 60s, but the other rules prevented them from fucking up too disastrously. Even back before the 30s when there was much less specific regulation there was still the “gold standard” to keep them in check to some degree.



  • Historically it’s not miracles that brought banking regulation (unless you believe that bit abut Jesus in the temple), it’s trajedy, like 1929 and WW2.

    it probably won’t get that bad though because these days they’ll keep bailing them out, their failures paid for by your economic future - gradually enough so that it’s not as bad in concentration as 1929, just spread it out into long term inflation so that it’s harder to notice. All the whiile people can keep tightening their belts.

    And, I’m not saying people shouldn’t; being frugal is good, but, once you’ve switched to your frugal lifetyle, it’s increasingly hard to make the next round of cuts, and the next one and the next . . .





  • You’ve probably not infringed the copyright, only the court can decide though; if you were to be challenged by the rights holder.

    I think there are lots of factors in your defence:

    • you’re not selling it , your use is an example for education
    • I don’t think you’re reducing the market value for the original(s) in any way
    • you’ve not included substantial verbaitim sections of the original works , but I think you have used more than just facts and ideas (not sure though).

    But add in some more quotes, flesh it out, and then try to sell it . . . each step weakens the ‘fair use’ defence.

    This the the problem for the LLM, it can be used for many things, and if it has no filter or limit, then eventually the collective derived works might add up to commercial, substantial reuse, and might include enough to have copied a substantial portion of the original. Very hard to determine I’d think. Each individual use might be fair, but did the LLM itself go too far at some point?

    Copyright holder probably struggles to challenge the LLM on the basis of all the things infinite mokeys might use it for in future.



  • cool, that actually looks like a good idea. Interesting for sync uses too , say, in film as i think so long as you re-performed the melody (not the “song”) you’d be royalty free. I do think it’d be funny to hear the Joni Mitchell paved paradise melody in a car commercial - but that’s still creative freedom. Interesting stuff.







  • They’re just looking at death rates, not the reduced economic activity due to restrictions in usable land, and the transition costs for moving. They also looked at, say, the mortality rate for the thyroid cancer and count the 2-8% death rate only The other 92% suffered nothing I guess. . . /s

    But i’ll grant them that coal seems way way worse. Though basing on 2007 study is a time before the IED kicked in and a lot of LCPD plants were running limited hours instead of scrubbers - modern coal has to be cleaner by the directive - unfortunately the article is paywalled so hard to tell what their sample was based on time-wise and tech-wise.

    Hydro estimate is interesting because it shows the impact of the one off major catastrophic event.