5,182 karma · joined December 1, 2018
That's exactly what they're doing.
In fact a lot of the rich EU members should be doing that, but they all have a misguided notion of "fiscal prudence". As if the government's budget is the same as a household's budget.
Yeah this is not the outcome Germany or the EU needs to worry about. It's experiencing Japanese deflation for 20 years.
>This is a looming political issue that's only just beginning.
Yes there's been plenty of hard money cranks that have said this for 10 years since the Great Financial Crisis in the US. Zero Hedge, gold bugs, hedge fund managers, etc have all been sounding the alarm about "money printing" and the deficit. There's no inflation in sight.
Germany is a country with a broken military and infrastructure. They should spend money on that. They should cut taxes for workers. There's plenty of shit for Germany to spend money on, and it would cause yields to finally rise.
The ECB has no choice because rich countries refuse to spend money.
[1] https://en.wikipedia.org/wiki/National_Commission_on_Fiscal_...
[2] https://www.politico.com/news/2020/01/31/dnc-superdelegates-...
[3] https://www.politico.com/news/2020/01/31/dnc-shifts-debate-r...
Organized labor may not have been targeted explicitly like by Republicans, but Democrats haven't really been a friend to them either [1]. Both parties have been on board with the neoliberal agenda for 40 years.
[1] http://nymag.com/intelligencer/2018/01/democrats-paid-a-huge...
This is not going to happen unless antitrust regulators deal with what reinforces Google's search market share: the distribution they buy with TAC (e.g Safari and Firefox) and what they get for free (Chrome) and close to free (Android).
The antitrust remedy should be to separate Chrome and Android from Google and place a ban for some amount of time where they can't buy being the default.
Tech people might have switched to Google because it was legitimately better than the competition, but you're still living in 2000 if you think that's how Google got big. There's a reason why the CEO of Google is someone who was responsible for building the moat around Search (Google Toolbar and Chrome).
An extremely 90s tech utopian world view that time has proven to be misguided. And if you're not adjusting your thinking after the multi decade experiment where we tried it this way, then it's just an ideology and you're not really the educated and rational ubermensch you believe to be.
-Genocide of Rohingya in Myanmar
-Ethnic cleansing of Uyghurs in China
Then there's just garden variety xenophobic polices like travel bans from predominately Muslim countries in the US to the electoral gains of various far right parties in Europe because of the refugee crisis.
Pretty wide spread there, but clearly fascism is on the rise.
https://www.newyorker.com/magazine/2019/12/09/blood-and-soil...
Fascism is gaining in many parts of the world today. But the 'other' this time aren't Jews, they're Muslims.
"or used as an excuse for new legislation against encryption."
By not making iCloud backups end-to-end encrypted, they likely did exactly that.
Although I'd find it funny if by doing so they caused a backlash from governments with new laws that ruined encryption for everybody. It'd be dystopian but also funny.
iCloud backups are definitely encrypted. They just aren't end-to-end encrypted.
That should have been plainly obvious to any technically knowledgeable user because you don't lose your data forever when you forget your Apple ID password. Or the fact that you can see your photos through a web browser on icloud.com
>iCloud secures your information by encrypting it when it's in transit, storing it in iCloud in an encrypted format, and using secure tokens for authentication. For certain sensitive information, Apple uses end-to-end encryption. This means that only you can access your information, and only on devices where you’re signed into iCloud. No one else, not even Apple, can access end-to-end encrypted information.