Human curiosity fuels technological innovation, driving efficiency gains that naturally exert deflationary pressure on prices across industries. In a competitive market, prices should decline, converging with the marginal cost of production. However, the current global monetary system operates in opposition to these forces, increased money creation distorts price signals through inflation. This is evident in central banks' definition of "price stability"-typically a 2% annual price increase, an arbitrary target that entrenches inflation as a systemic norm. How can individuals ever experience the deflationary benefits of technological progress in the form of greater purchasing power when such a system is designed to suppress it? Is it time to rethink our monetary framework to align with the natural deflationary trajectory of innovation?
If his following themes interest you listen to MIT economics scholar Daron Acemoglu's (Armenian: Տարոն Աճեմօղլու) smartly illustrated and multidisciplinary perspectives on technology and progress from the recent past and the likely near future. His themes include economics, productivity, ethics, IT since about 1990, and the digital Gilded Age. He notes at 59:27 mins that just before it was broken up Standard Oil's value, inflation adjusted, was 100 times less than "each one of Google, Microsoft, Amazon and Apple". Acemoglu's 2023 559 page book, co-authored with Simon Johnson, is titled Power and Progress: Our Thousand-Year Struggle Over Technology and Prosperity.
Discussed the employee and the employer, more salary and employer lead to less margin. Fewer employers and salaries are not too much different, the problem is there should be a focus on individual daily needs in the local market. The difference between an employer in an old company and an AI engineer focused on improvement and cutting costs company, that the difference between these two workers should be more than different kinds of food it should be at least a kind of an A-class traveling or 4000 square meter house. We can see these differences in Asia BECAUSE OF the fair prices of living but here if the company pays these kinds of differences will make losses, not profit. So, HIGH PRICES WILL MAKE THEIR CONTRISE BACKWORD AND HIGH PRICES IS NOT A SIGHN OF MODERNITY BUT A SIGHN OF STUPIDITY
Let's build an open source global platform that can merge the knowledge and sentiment expressed in public conversations with billions of people around the world. I would like to have conversations with collective terrestrial intelligence, CTI.
What do you think? Did Daron Acemoğlu reply to me, plagiarize from me, or copy me? Which one happened at the UBS Speech in Zurich in February 2025? …. you will see that I have included two screenshots of his video and the cover of my book, Digitalism vs. Capitalism, printed by Amazon KDP on July 28, 2024, which has a part criticizing Daron Acemoğlu’s approach to institutions and technology, beside the Harari, Suleyman, the Economist, and Varoufakis approaches. … continued at BOOKS IN PLATO'S CAVE
I was there and I think it was a very insightful talk around his last work, but it seems to me he is getting closer and closer to an anti-corporatism left ideology.
Human curiosity fuels technological innovation, driving efficiency gains that naturally exert deflationary pressure on prices across industries. In a competitive market, prices should decline, converging with the marginal cost of production. However, the current global monetary system operates in opposition to these forces, increased money creation distorts price signals through inflation. This is evident in central banks' definition of "price stability"-typically a 2% annual price increase, an arbitrary target that entrenches inflation as a systemic norm.
How can individuals ever experience the deflationary benefits of technological progress in the form of greater purchasing power when such a system is designed to suppress it? Is it time to rethink our monetary framework to align with the natural deflationary trajectory of innovation?
If his following themes interest you listen to MIT economics scholar Daron Acemoglu's (Armenian: Տարոն Աճեմօղլու) smartly illustrated and multidisciplinary perspectives on technology and progress from the recent past and the likely near future.
His themes include economics, productivity, ethics, IT since about 1990, and the digital Gilded Age. He notes at 59:27 mins that just before it was broken up Standard Oil's value, inflation adjusted, was 100 times less than "each one of Google, Microsoft, Amazon and Apple".
Acemoglu's 2023 559 page book, co-authored with Simon Johnson, is titled Power and Progress: Our Thousand-Year Struggle Over Technology and Prosperity.
Discussed the employee and the employer, more salary and employer lead to less margin. Fewer employers and salaries are not too much different, the problem is there should be a focus on individual daily needs in the local market. The difference between an employer in an old company and an AI engineer focused on improvement and cutting costs company, that the difference between these two workers should be more than different kinds of food it should be at least a kind of an A-class traveling or 4000 square meter house. We can see these differences in Asia BECAUSE OF the fair prices of living but here if the company pays these kinds of differences will make losses, not profit.
So, HIGH PRICES WILL MAKE THEIR CONTRISE BACKWORD AND HIGH PRICES IS NOT A SIGHN OF MODERNITY BUT A SIGHN OF STUPIDITY
Let's build an open source global platform that can merge the knowledge and sentiment expressed in public conversations with billions of people around the world. I would like to have conversations with collective terrestrial intelligence, CTI.
patents are an useless measure of innovation... what if a sector is not regulated with patents like design or the luxury sector
Why do you delete my comments?
What do you think? Did Daron Acemoğlu reply to me, plagiarize from me, or copy me? Which one happened at the UBS Speech in Zurich in February 2025?
…. you will see that I have included two screenshots of his video and the cover of my book, Digitalism vs. Capitalism, printed by Amazon KDP on July 28, 2024, which has a part criticizing Daron Acemoğlu’s approach to institutions and technology, beside the Harari, Suleyman, the Economist, and Varoufakis approaches. … continued at BOOKS IN PLATO'S CAVE
I was there and I think it was a very insightful talk around his last work, but it seems to me he is getting closer and closer to an anti-corporatism left ideology.
Unbelievably naive comment
Yeah screw workers , praise profits, amirite