Even if they exfiltrate the money, China as every other fiat economy can replace it using a keyboard.
If these folks are indeed knowledgeable and experienced workers, then having them leave isn’t ideal. But whether they’re such people or not is an open question. They might also be people who are good at exploiting others’ labor for profit, just like their western many-multi-mil counterparts.
China saw the world’s biggest outflow of high-net-worth individuals last year and is expected to see a record exodus of 15,200 in 2024, dealing a further blow to its economy, a new report says.
It’s interesting how through the neoliberal lens this looks like “a blow” to their economy. But from a Keynesian or MMT lens, China doesn’t need high net worth individuals to drive the economy. Public investment can and has done this in China as well as many other parts of the world.
From another angle, letting high net worth individuals flee, could reduce apparent wealth inequality in China.
Title says growth, article paragraph says contraction. Yeah technically contraction is negative growth. Still misleading.
On one hand I’d like it if the Democrats put up someone more certain to beat Trump. On the other Joe has shown he supports labor and things are moving in the right direction in that regard. I’d hate it if he we get a corpo Democrat that halts this progress.
They’ll do an unprofitable thing? X
Perfect. This is consistent with what I was thinking and that Cloudflare’s changes won’t fix any recent bundles that might include malicious code.
I read the story and specifically the bit about the Github account. Isn’t this the Polyfill lib’s Github account? Because if that’s the case, how would a bundler solve the issue? The new owners could modify the original source, then the CICD jobs would happily publish that to registries and from there down into the bundles. Is it a different Github account they’re talking about?
Nice. Unfortunately this won’t tackle the mountains of sites that use bundlers.
“at the expense of economic and social sustainability, [but] defending and promoting European production and safeguarding tens of thousands of jobs.”
I mean, she’s right in general that the EU might not be taking care of the workers of the affected industries. But that doesn’t mean the way to take care of them is to halt the transition of the worst offending sectors. There’s no reason not to super subsidize the auto sector transition to make EVs in the EU other than ideology. The transition doesn’t mean dependence on Chinese EVs and jobless or downskilled auto workers.
To a central server via a cellular network. So GPS and a modem. There are such trackers, I thought this was one of them. 😊
For a moment I thought it might have GPS. 😅
deleted by creator
Well this is nice. One downside is that folks who play games without VSync can’t turn it off in Wayland as far as I’m aware.
Debian is as great as it’s ever been.
I’m serious. Politics are a good chunk of the job, meetings is a major place for that. What happens there can have dramatic effects on how long something takes and therefore on the “produced output per unit of time.” I’ve been at it for 13 years now and embracing that has had positive results on my well-being and career. 🥹
Thanks for the recap. Yeah I think I was more or less aware of most of those bits. I guess I didn’t get to the conclusion. 😅 Also I think they handled Justin Roiland’s issues fairly unambiguously. Assuming he was a bastard, I didn’t skip a beat watching the Justin-free season.
I know it’s officially not cool to like Rick and Morty anymore
I’m sorry what?
Meetings are part of the productive time.
The Play Store is pretty good with keeping things up to date.
In fiat economies financial capital isn’t a limiting factor since it can be and is created out of thin air as needed. The need for private citizens’ money to grow the economy is often repeated idea but it doesn’t hold water when you consider how their money was created in the first place. Specifically, currency issuing governments spend money into existence before being able to tax it. Therefore they don’t need to tax in order to spend. If there are the real resources needed for certain economic activity to occur but the limiting factor is the lack of money, a competent government will spend the required money into that sector and the activity will materialize. There’s no need to wait for private individuals to accumulate it over time in order to spend it to enable this economic activity. Crucially, even if you wait, the money is still going to come from a government’s “printing press.”
Other types of capital such as human, intellectual, can limit growth since they’re not as easily replaceable. That’s why I think your second point about who those people are is important. It is possible that they’re knowledgeable workers in different domains. It is also possible that they’re people skilled in exploiting others. If we assume the former, losing them isn’t ideal. If we assume the latter, then it’s a social value judgement of whether you want to have more or fewer of these types in your society, but they’re not essential for economic growth.