Reasons to be Impossible

From the BBC:

Over a five year period up to 2010 (the latest data available) the number of UK taxpayers with an annual taxable income over £10m more than doubled from 131 to 274.

In 2010 they owed £2.1 billion between them. This is a good and hard data. Whilst it doesn't cover all the super rich (after all, some manage to arrange their affairs so they don't have to pay tax on their super incomes); but we know that these 274 people had more than £10 million in earnings in 2010. My rough maths makes that a total of over £5 billion in annual income (or roughly £18 million each) that the tax was paid on. Note the curious fact that the figures increased dramatically after a fall due to the 2008 crisis. Now, inflation will be playing a big part in all this, but it does suggest some are benefiting nicely from the crisis, thank you. Now, some might be footballers, not all will be capitalists qua capitalists (a few barristers and lawyers might sneak in there) but it shows that out of 60 million, much fewer than 1% are doing very well indeed.

Labels: 316.34, Income distribution, Taxation

I love steam engines me. Even little ones. Well, micro-scale Stirling Engines. Of course, as they say, it's not a perfectly reliable power source; but imagine if they break through and we can have powered nano/microscale devices? I know I should flag up the Higgs Boson, but I'm waiting for final confirmation. In the meanwhile, this is a breakthrough to celebrate in a small way.

Labels: 621.1, Nanotechnology, Steam engines, Stirling Engines

...I think I'd add a tin helmet to the shopping list. My favourite source, Der Spiegel strikes again:

This October was the third straight month Chinese exports decreased. Along with it, the hopes of German manufacturers that Asia's growth market might help lift them out of the global crisis as it did in 2008 are also evaporating. This time China faces enormous challenges of its own -- a real estate market bubble and local government debt -- that could even pose a risk to the global economy.

The Germans can't borrow, and Chinese growth is about to hit the skids. *Gulp*

It's worth reading that article in full. In world terms, this is the crisis spreading from the financial sector into the real economy of manufacturing: coupled with a massive balance of trade gap. Remember, China holds much of the dollar debt in the world, and it has been China that has helped prop up the debt bubble in America in order to keep its markets going.

I also note the mention of the ghost cities -- so reminiscent of Ireland's boom/slump situation (and, I believe consistent with David Harvey's model of capitalist crisis).

Part of what this shows is that even state capitalism and pump priming isn't enough to end the crisis: we've seen austerity here and spending for growth there, eventually, someone has to admit that a market economy just doesn't work for the majority of humanity. In the meantime, get tying kitchen knives to broomsticks and start a pike practice squad in your street:you may be needing it soon.

Labels: 338.2, China, Economic crisis, Real estate, State capitalism

From the BBC: Scientists at MIT replicate brain activity with chip:

Researchers at the Massachusetts Institute of Technology have designed a computer chip that mimics how the brain's neurons adapt in response to new information.

As Searle noted in his Chinese room essay, the only route to Artificial intelligence is to build a physical brain. Well, it looks like what MIT have done. here's the ominous bit:

Such systems could be much faster than computers which take hours or even days to simulate a brain circuit. The chip could ultimately prove to be even faster than the biological process.

That is, super human intelligence may be around the corner, and with it, the singularity. Rapture those nerds. Come what may, this could very well lead to massive break throughs in computing and our knowledge of human intelligence and neuroscience.

Labels: 130.1, Artificial intelligence, Chinese room, John Searle, Philosophy, Singularity

At last I am moved by a story to write: German Urban Farms the company's website is here.

The Frisch vom Dach, or Fresh from the Roof project, plans to create a 7,000-square-meter roof garden, complete with a fish farm, to provide Berliners with sustainable, locally-grown food....

The fish will be sold as food and, crucially, their excretions, especially the ammonia excreted through the gills, will be converted into nitrates. That will serve as fertilizer for the plants growing in green houses above the fish tanks. In turn, the plants will purify the water for the fish. The system for sustainable food production is known as "aquaponics."

The first instance of vertical farming, or industrial farming. Bringing the countryside into the city. As the Spiegel article points out, this model is low energy, unlike the more science fictional dreams of vertical farms. It also fits in with the permaculture crowd. That said, it does offer the prospect of advancing the cause of re-wilding (and of driving urbanisation faster).

I'd be interested in how much their prototype container farm manages to produce, since the idea of mass producing and distributing a container/greenhouse strikes me as being an efficient way to spread food production massively.

Labels: 631.2, Agriculture, Ecology, Permaculture, Rewilding, Vertical farming

The time may have come to start hoarding tins of baked beans, wearing furs and running around in a post apocalyptic landscape:

Germany has been considered a safe haven of financial stability amid the ongoing euro crisis -- but that may be changing. Growing mistrust from investors seems apparent after what has been described as a "disastrous" government bond auction on Wednesday. Just two-thirds of the German bonds sold, leaving analysts concerned but not panicked[Spiegel].

I suggest now is precisely the time to panic, while the analysts are being cautiously worried. If we leave panicking till everyone is doing it, we'll have to fight for those tins of beans with our teeth.

The fucking Germans cannot borrow money! the country that escaped recession, the one that is still growing, the one that has been bailing everyone else out. Now, the Spiegel article suggests this may be a lack of confidence in the Eurozone as a whole, and of some of the fundamentals in the German economy; but it also has an expert suggest:

"Because of the low rate of return in Germany, some investors are now cautiously going to countries that they had recently avoided," he added. "In France, or even in Ireland, chances for returns are certainly promising."

that's right, it's more profitable to lend to risky countries because you get more interest. There is the cause of this mess in the first place: it's more profitable to lend to people who a less able to pay back (until the day they actually default that is, at which point you own their soul).

More to the point, though, this seems to me to reflect that there may not be as much money floating around generally: surely, normally, someone, someone, would want to pick up safe, unprofitable low hanging fruit.

Start breaking out the old family blunderbus: the apocalypse is here.

Labels: 339.7, Bond markets, Debt, Economic crisis, Eurozone, Germany

OK, so, clarification time. I didn't want to give the impression that I was against the #Occupy movement, or even thought it was just the usual suspects: my point is that our obligation, and even my own inclination, is to raise the issue of challenging for political power; and that unless the movement spreads into something that reaches into every street, then it will be smothered -- one way or another.

Let's put it this way, the image of Tahrir Square, and the Arab spring on which it is modelled were very dramatic. But the substance of the Arab spring happened the other week, with the election of the new government, the final grasping of the levers of political power by the new Ennahda Government in Tunisia (and the same old military in Egypt).

The old Trotskyist image of the steam and piston comes to mind: the popular protests were the steam on which the piston of the Islamist/Military parties came to power. Doubtless that image is still motivating Trotskyists here.

What I hope for, though is that we all become not steam, but small cogs, wielding a share in a precision mechanism in which we all can fine tune and control (and which we can brake by our refusal). Note how quietly the elections have gone, but how oh so determining they were in the future direction. The devil is in the detail.

Of course, in Oakland the protest has spread and taken the form of a "General Strike" -- lets hope our can do the same come N30; but I'm going to keep banging the tedious drum for the necessity for political action.

Labels: #Occupy, 329, Arab Spring, N30, Partyism, Political action, Strikes, Trade unions