Bonum Certa Men Certa

The Problem is Distribution of Money, Not a Lack of Money

The fiction of shortages

Summary: If one can always generate a new Bitcoin or print more paper money, then 'lack' of money certainly cannot be the issue

THE UNITED STATES -- more so than Britain -- demonstrates huge disparity in wages [1], despite or because of prosperity at the very top. As one writer has just put it, "America has its own real-life upstairs/downstairs thing going on at the moment, best embodied by the Walton clan, who own the lion's share of Walmart Stores, Inc. Walmart is the single largest private employer in America with a work force of some 1.3 million. Each of the four Walton's who have an interest in the stores increased their net worth by $7bn last year alone. Meanwhile, the company's sales associates, who make up the bulk of the work-force, earn an average of $8.81 per hour – less than the federal poverty level for a family of four." People are willing to kill one another over basic merchandise in places like Walmart [2] -- something which in in a debt-saddled Spain we cannot see quite because despite poverty the gap between rich and poor there is not as massive as it is in the US and UK (number 1 and 2 when it comes to disparity, depending on how it is measured). It's not just class war. The UK finds new reasons to feud with the Spaniards [3], as always, but one thing that all Western nations seem to agree on is that it's OK for the top 1% of salary earners should earn about as much as the bottom 50% combined (if not much more). No wonder there is a rush to Bitcoins [4] and other alternative currencies.



Wearing golden things and living in a palace at one of the world's richest countries, one man in a gown speaks out against corruption and greed [5,6]. Sadly, we still live in a world where we look at to the richest people (like Bill Gates) as though it's them who will reduce poverty. All they do is hoard and speak about poverty without actually doing something except contribute to the problem (albeit in secrecy).

Related/contextual items from the news:



  1. Walmart and Downton Abbey: rampant inequality and detachment from reality


  2. Mobs, Stampedes, Fights, Brawls, A Stabbing And Shooting: A Video Compilation Of Black Thursday 2013


  3. David Cameron: Gibraltar diplomatic bag incident was an 'extremely serious action'
    David Cameron has said that Spain was guilty of “an extremely serious action” by opening a diplomatic bag at the Gibraltar border and disclosed that the Spanish have assured the UK “this will not happen again”.

    Britain asked Spain for an “urgent explanation” this week after Guardia Civil officers opened and searched a UK diplomatic bag as it crossed the border from Gibraltar.

    Mr Cameron said he had received the assurance that it would not be repeated after Spain played down the incident and insisted that “technically it was not a diplomatic bag”.


  4. Missing: hard drive containing Bitcoins worth €£4m in Newport landfill site
    A digital 'wallet' containing 7,500 Bitcoins that James Howells generated on his laptop is buried under four feet of rubbish


  5. Pope Francis 'is mafia target after campaigning against corruption'


  6. Pope Francis 'Evangelii Gaudium' Calls For Renewal Of Roman Catholic Church, Attacks 'Idolatry Of Money'


Recent Techrights' Posts

Techrights Will Spend the Next Few Years Writing a Lot About Strategic Lawsuits Against Public Participation (SLAPPs)
It's a growing problem
The State of EPO Staff's Health in Rijswijk or The Hague
We're going to cover the EPO some more later in the month
NVIDIA Corp Lost 36% of Its "Value" Since Cheeto Inauguration, But "Gen Hey Hi" (GenAI) is Totally Not a Bubble
Selling loads of unneeded hardware based on hysterical hype; like selling shovels during a Gold Rush
 
Links 05/04/2025: TikTok Unsold (Still), Royal Society is Dead
Links for the day
GNU/Linux Growing in East Asia, Windows by Default No More?
GNU/Linux is now on the shelf
Slopwatch: Anti-Linux 'Articles' From Linux-Hostile LLMs
It is almost always negative things and nobody can be held responsible for it except the charlatans prompting the LLMs
Links 05/04/2025: Fentanylware (TikTok) "Sale Looks Highly Imminent" (US), Stock Market Drowning in Panic
Links for the day
Gemini Links 05/04/2025: Moving Plants, No to Smartwatches, RAID Hygiene
Links for the day
Over at Tux Machines...
GNU/Linux news for the past day
IRC Proceedings: Friday, April 04, 2025
IRC logs for Friday, April 04, 2025
Techrights Has Dealt With More Potent SLAPPs Than Violent Microsofters Begging to Hide What They Did to Women
I became accustomed to SLAPPs
Links 04/04/2025: Fury in South Korea, Flight MH370 Remains Mystery
Links for the day
Gemini Links 04/04/2025: Anger and Raspberry Pi CM4
Links for the day
Links 04/04/2025: LLM Slop Bubble Bursting and Korea Music Copyright Association Bans Slop 'Music'
Links for the day
Traf-O-Data, the Company That Jeffrey Epstein's BFF (Bill Gates) (Co)Founded 53 Years and Went Out of Business Due to Heavy Losses
Who will die first, Bill or Microsoft?
Why Microsoft's Shares Sank Almost 20% in Recent Months (the Bubble is Imploding)
verified press reports from the past 24 hours
A Note on SimilarWeb
Or why SimilarWeb is meaningless for more than 99% of the sites on the Web
GNU/Linux Rises to Almost 5% in Algeria While Windows Sinks to All-Time Low
GNU/Linux grew tenfold
Where to Get More Gags
A valued reader recommended that to us
Links 04/04/2025: Tech Stock (Inc. GAFAM) Fall, Google Pretends to Do End-to-End Encrypted Emails (With Google in Control)
Links for the day
IBM Said to be Shutting Down Offices or Sites in the United States
the press can no longer avoid admitting that IBM moves many jobs to India
To Participate in Fedora Diversity You Must Use Proprietary Software
Not for the first time either
LLM Slop as Attack Vector on the Reputation of Linux
The attacks on Linux have escalated to information warfare
Yandex About to Be Three Times Bigger Than Microsoft (Bing) in Asia
That's about 60% of the world's population
Gemini Links 04/04/2025: Decoupling Updates, Elaho as Gemini Client
Links for the day
Over at Tux Machines...
GNU/Linux news for the past day
IRC Proceedings: Thursday, April 03, 2025
IRC logs for Thursday, April 03, 2025
Microsoft's Trouble in Africa and Asia
A new all-time high for GNU/Linux
Brett Wilson LLP Reported to the Solicitors Regulation Authority (SRA)
The saddest thing in all this is that law firms can maintain high standards shall they wish to
Links 03/04/2025: Tariff Pains and C.D.C. Cuts
Links for the day
StatCounter: Microsoft is Masking a Disaster, It's Way Behind DeepSeek Already and Interest in LLMs Has Waned
it turns out the money "raised" for "Open" "AI" may not even exist at all
Links 03/04/2025: SoftBank Money for Microsoft "Open" "AI" Probably Doesn't Even Exist, Wikimedia Foundation Blasts LLM Nuisance While Microsoft Admits Demand Has Shrunk
Links for the day
Gemini Links 03/04/2025: Patch Panel and Pictures
Links for the day
Islamic Republic of Iran: GNU/Linux at All-time High This Month, Windows Falls to 12%
Vista 10 is up this month despite being "end of life" (EoL) soon
Indonesia: All-Time Highs for GNU/Linux
What's noteworthy right now is the growth of GNU/Linux
statCounter Says GNU/Linux Usage is Up Again (Internationally)
some preliminary April data
Only on April 1st Can the Free Software Foundation Associate With Microsoft's Open Source Initiative (OSI)
We saw some pranks that day linking the FSF to Microsoft (e.g. "endorsing" Windows)
Confirmed in the Mainstream Media: A Lot of Microsoft "Workloads" Were Just LLM Slop (Helping to Fake Growth for Years, as Microsoft Had Paid "Open" "AI" to Become a "Client") and Demand is Rapidly Waning, Datacentres Canceled and/or Shut Down
Anything to facilitate further accounting fraud
Taiwan's Media Covers Closure of Microsoft's "AI" Lab, It's Time to Talk About the Gradual Death of Windows and Implosion of the "AI" Bubble
Earlier this week we showed that mostly Asian media had the 'nerve' to mention Microsoft silently shutting down its 'AI' lab
IBM Gets Rid of Kelly Chambliss as Mass Layoffs Reported in IBM Consulting, IBM Loses Key Contracts/Graft
IBM Consulting has been in disarray lately
More Gains for GNU/Linux, Based on Web Surveys
the Steam site shows rapid growth for "Linux" this month
Slopwatch: Anti-Linux Articles, Not Even Written by Humans
Why aren't Web sites more vocal about this problem?
Over at Tux Machines...
GNU/Linux news for the past day
IRC Proceedings: Wednesday, April 02, 2025
IRC logs for Wednesday, April 02, 2025
Links 03/04/2025: Apple Fined Over Secret Surveillance, "Elegant Writer For A More Civilized Age"
Links for the day