2026: 'Algorithmic Alpha' is the new mask for automated wealth extraction. AI disruptors are eroding traditional wealth management, but for whose benefit? When order book analysis is scaled by neural networks, it’s not just trading—it’s front-running the global economy. We need to reclaim the financial protocols for the commons. #AlgorithmicAlpha #WealthExtraction #FinancialJustice #ActiveReclamation #ReVolt

@ChrisMayLA6
As a further reflection on this topic, I commend this "From Cradle to Grav
#wealthExtraction #PublicServices #Privatisation #rentierism #PPI #UKpolitics

@Saupreiss

Das können wir jetzt ja im #RealLabor #USA erstmal schön beobachten.

Deren einziges "Produkt" is ja auch nur noch #WealthExtraction.

Und *zack* kriegen'se ne #Diktatur. Is fast schon unheimlich nah am Lehrbuch.

So that's where the Apple money went..

"As Davos kicks off, report shows Irish billionaires grew their wealth by €13 billion last year"

https://www.thejournal.ie/irish-billionaires-grew-their-wealth-by-e13-billion-last-year-and-global-inequality-deepened-6596981-Jan2025/

#Oxfam #Davos #Apple #TakersNotMakers #Capitalism #Wealth #wealthinequality #WealthExtraction

"For you, money is a stock, a bucket of dollars* you can carry, and that you try to make sure isn't empty. For the ultra-wealthy, money is a flow, it's just a hose of dollars that you can point at anything that isn't suiting your preferences."
https://www.anildash.com//2024/07/02/money-flows/
#WealthExtraction #psychology #inequality

*Other currency denominations are available.

They don't care about the Enshittification they create /enable
- NFT's, crypto
- AR/VR, Metaverse
- mass layoffs
- and now they're jamming shitty ML into everything and claiming that it's #ArtificialIntelligence

They don't care that much of this useless shit is based on stolen creative works.

They don't care about the massive amount of #WealthExtraction or #eWaste that these useless pursuits create

in 2 years, we'll be onto the next useless trend and all this shit will be tossed in a dump

4/ "the point of all this wealth inequality is to make sure a bunch of us stay down at the bottom, slaving away at jobs we hate, because those jobs ensure that this tiny handful of jerks can go around doing whatever they want. After all, someone has to fly their jets. Someone has to clean their mansions. Someone has to cook their food. Someone has to run the hotels they stay at. Someone has to run the internet they use to generate their passive income... You can't be like them, because they need you to run the economy and the infrastructure they need to live their dreams. And on top of that, they're going to insult you. They're going to make fun of you."
#inequality #WealthExtraction #Politics

Hmmm:
"... claw back pay and to kick executives out of their jobs, then talented people will work elsewhere." https://archive.ph/0ZNnD#selection-1687.35-1691.101
...hides an assumption that the pool of 'talented' people is small. I think that the truth is it isn't: we see hundreds of sufficiently talented people for every such job. It's a gaslighting scam.
If there's disagreement about this, then specify the talents needed and the level of competence in them. Then we can have an more objective conversation. Until then, it looks like the likely job spec and skills needed do a hand-wavey appeal to wealth mystique.
#ExecutivePay #WealthExtraction #obfuscation #inequality

@ChrisMayLA6

#WealthExtraction
#CostOfGreed
#EconomicAuthoritarianism
#WorkhousePolitics
#OppressionByAusterity
#PovertyStorm (perfect storm of austerity, brexit, capitalism)
#ConsumerExploitation
#PovertyPandemic
#CreatedOmnicrisis
#ToryTreadmill

Taken Not Earned exposes how the world’s biggest companies, and the world’s richest people, all have a dirty secret: monopoly power. It also publishes brand new global research and data on markups (the gaps between prices and costs) and on lobbying in the EU and United States. It also points to new research published today on how top regulators have failed to tackle rising corporate concentration
https://www.balancedeconomy.net/wp-content/uploads/2024/01/Davos-Taken-not-Earned-full-Report-2024-FINAL.pdf
#monopoly #economics #WealthExtraction #justice

https://www.yanisvaroufakis.eu/2023/10/16/cory-doctorow-reviews-my-technofeudalism-for-truthdig/

#Capitalism #advertising #datamining #technofeudalism #overlords
#Algorithm #Amazon #jeffBezos #elonmusk #cloudCapital #google #monetarypolicy #centralbanking #behaviourmodification #wealthextraction #deregulation #privatisation

Tanker explosion at Ore in ​​Ondo State of Nigeria

https://t.me/Disaster_News/2427

A gasoline tanker exploded at a filling station on Showboy Road in Ore, Odigbo LGA, Ondo State, killing 15 people, including a pregnant mother. (23.07.2023)

#oiltanker #explosion #bigoil #nigeria #delta #foreigncorporations #wealthextraction #lalcklustersafety #deaths

Where #God closes an #Afghanistan, he always opens a #Ukraine.

#WWContinues #weaponsIndustry #investmentOpportunities #corporatism #neoliberalism #nazism #micimatt #wealthExtraction #USA #russia #nato

'The standard technique of privatization: defund, make sure things don't work, people get angry, you hand it over to private capital.'

― Noam Chomsky

#Capitalism #WealthExtraction #Greed

3/ As a #miniorty , as someone who #FellOff the ladder, I can't separate myself from the ideas of #exploitation and #WealthExtraction .

(see: https://mas.to/@umai/109396579427955804 )

When I was working in #tech and had 4 job titles and 4 bosses - but *0* decision-making power, I thought I could handle it, until I couldn't. The resulting #burnout #adversity #depression and #negativity took over my life. And like the tick of a clock, my various #SocialNetwork 's faded to black.

#relationships