140 karma · joined October 29, 2009
This is unsubstantiated sensational bs. Plastics do end up in landfill or incinerator, but the US does not have waterway pollution problem.
Brinks' entire CIT vehicle business is based upon just a subset of this function, and we can agree their value is not zero.
If you believe the socioeconomic pyramid to hold true, the middle and lower classes will always outnumber the top 1%. And by achieving this power of economic majority, they can gang up on the "elites" by means described in this paper. I'm not going to get into the messy debate of whether it's justifiable; just that the capability exists. Maybe this paper won't do it. Maybe one that comes out in 30 years will, under the correct economic and political climate, finally incite people to make this happen.
Or you could argue that the top 1% would have been prepared by using some of their wealth to gain control of the means of production (mining machines) and secure an economic majority. What's to guarantee they won't rig up some positively reinforcing rules to ensure their prosperity at the expense of the general public?
Currencies run on immutable rules. BitCoin has had a good run so far, but its kill switch is already in the collective hands of three people: the leaders of ASICMiners, Slush, and BTC Guild.
One of two things:
1: It sits in the bank, where it's lent out for investment
2: It's spent, possibly on something optional but still legitimately useful and non-frivolous, in which case it flows back out into the economy
I don't see a bad outcome..!
How did you guys manage to ruin that.