are we back to monetising the portugese peasant life style again?

let's see, 25c a day for rabbit food, and so on...

it is a good question, what's your rough guess?

and are the guys doling it out going to have chauffeurs, limos and private dachas for potentate pajama parties?

where the eleet meet to tweet?

If'Madness is the absence of work'(Foucault), then Sanity is the presence of play..

but what if the global insititutions feed us more chicago school nonsense?

That is a legitimate concern, IMO.  But NCE is not equally appealing to all.  In its current incarnation it has a core/periphery structure and is so designed that the core can suck the life out of the periphery while claiming that "the laws of economics" made them do it.  This was very satisfying to the financial elites on Wall Street and in the City.  It was acceptable to the financial elites in Japan and in Germany, France and other EU members, even if they were not all equally enthusiastic about many of the features.

It appears very different to Brazil, Russia, India, and China, along with much of South East Asia, most of the rest of South America and almost all of Africa.  They have been on the receiving end of the "Great Sucking Sound from the North" and their interests align differently.  And they have the advantage of being in a stage of development where rapid income growth is usual.  They have achieved a certain degree of autonomy from the pressures of US style NCE and are banding together to minimize their exposure.  Their elites have enough sense to know what has been happening.

While they have the preponderance of the world's population, The West^TM has the preponderance of the worlds capital, broadly construed, (i.e. buildings, roads, rail, power and water infrastructure, etc. in addition to investment capital denominated in monetary units.)  As they become more assertive of their own self interest things will get more difficult for proponents of NCE in The West^TM, who will be forced increasingly to turn to their own population for wealth extraction.  Even if the population remains anesthetized by NCE propaganda and other distractions, the current course of policy is eating alive the very society in which NCE proponents live.  It is getting interesting.

If sanity be culturally normative, then by the norms of this culture I claim insanity.

i smile when i read of engineering professors at MIT wondering how we built sacsayhauman.

that's me as a child

Who do you think engineered the coming ecological catastrophe?  We take the long view.

ps.  after more than 500 years, i revisited Sacsayhuaman, and was impressed that you still couldn't get a razor blade between the stones too heavy to lift by modern cranes, including offshore wind.

we now return you to normal discussions regarding the end of civilization as we know it.

this planet is ours.  you will thank us if we let you survive.

Skennah Kowa

I think future generations will be laughing at us(*), who think our systems are the be all and end all. Fukuyama indeed.

(*) They always do.

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$E(X_t|F_s) = X_s,\quad t > s$