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Joined 11 months ago
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Cake day: August 7th, 2023

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  • On average, insufficient education and critical thinking skills because of a quasi-oligarchy that favors lots of desperate people to keep unskilled labor costs down. These oligarchs are also in league with sociopath religious leaders who know that religious recruitment is higher when life is miserable. Because 80% of our leadership are effectively solipsists, little is done to improve anything long term because it doesn’t benefit them immediately or personally.

    Based on the probabilities we can derive from examining history, the situation will have to deteriorate for a few more generations before a widespread radical event changes key aspects of civilization. We should all try to change things now in less destructive and less risky ways, but I fear it won’t work.




  • None of the answers I’ve read so far actually answer your question with basic facts.

    When you invest then you are buying a tangible financial instrument: a share of a company or a treasury bill or a municipal bond and so on. There is the expectation that over time, the value of your financial instrument will increase in value but this is not guaranteed. The lack of guarantee is the risk. Some instruments are riskier than others. The level of risk does not define gambling.

    When you walk into a casino and bet money on roulette, what are you buying? You are buying nothing more than a fleeting chance at winning more money. It is entertainment by thrill. There is no tangible thing that you own from gambling.

    Investing is one way that companies can raise capital to expand their business. Business expansion can lead to greater employment and higher standard of living. For investing to work as an economic system there must be liquidity. Someone must be willing to buy your financial instrument later at a higher price or some town must still be collecting taxes to pay back your bond years later.

    Hopefully you can see now why investing is encouraged and supported in society and gambling is either illegal or merely tolerated.



  • Serious question. Why have a combination of operating system and email system that even allows this problem to exist at all?

    It’s like, what if stepping on a crack really did break your mother’s back? Wouldn’t we just build seamless sidewalks instead of constantly reminding every sidewalk user to not step on all the cracks everywhere?