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Comment The reality is... (Score 1) 102

... online DRM'd games lead to this naturally. Game devs/pubs brought this on themselves by taking servers out of the control of players hands because of greed. Many people get hacks to get around paying for anything in online DRM'd games. Who'd of thought it, cheats being cheated by the original cheats (game pubs/devs).

Comment STL is painful to use (Score 1) 435

Speaking just about STL, I'd have to say it's one of the worst designed container APIs I've worked with. It just goes out of its way to make your code painful to write and hard to read.

Suppose you want to determine if a collection c contains an element e. In any other language, you'd write something like c.contains(e). But the STL designers, in their infinite wisdom, decided instead you should write c.find(e) != c.end(). Because that's just so much more readable. Suppose you want to determine if a string s ends with some suffix t. In any other language you would write something like s.endswith(t). But in C++ you write s.rfind(t) == s.size()-t.size(). I think? I'm not 100% sure I didn't make a mistake in there.

C++11 tried to fix some of the worst aspects of STL, but they didn't redesign it from scratch, which is what it really needs.

Comment The reality is... (Score 5, Interesting) 55

... one issue based bullshit is not going to stop this. We had SOPA and CISPA and they are preparing CISPA round 3.

The internet is something 'everyone can agree on' but unfortunately most people trying to 'protect the internet' are too historically and politically illiterate to really do so. None of you who are hardcore capitalists are "protectors" of the internet, in fact why SOPA and TPP are trying to lock it down is BECAUSE they fear the masses rising up against corporate (capitalist) powers. That's why we got governments and corporations going gangusters on surveillance worldwide.

If you doubt this check the spyfiles

https://wikileaks.org/the-spyf...

Corporate power is global, and resistance to it cannot be restricted by national boundaries. Corporations have no regard for nation-states. They assert their power to exploit the land and the people everywhere. They play worker off of worker and nation off of nation. They control the political elites in Ottawa as they do in London, Paris and Washington.

Consider the G20 Protests in Toronto

http://www.cbc.ca/news/canada/...

This is just more part and parcel of state suppression of dissent against corporate interests. They're worried that the more people are going to wake up and corporate centers like the US and canada may be among those who also awaken. See this vid with Zbigniew Brzezinski, former United States National Security Advisor.

https://www.youtube.com/watch?...

Look at the following graphs:

http://www2.ucsc.edu/whorulesa...
http://www2.ucsc.edu/whorulesa...
http://www2.ucsc.edu/whorulesa...

And then...

WIKILEAKS: U.S. Fought To Lower Minimum Wage In Haiti So Hanes And Levis Would Stay Cheap
http://www.businessinsider.com...

https://www.youtube.com/watch?...

Free markets?

https://www.youtube.com/watch?...

http://www.amazon.com/Empire-I...

"We now live in two Americas. One—now the minority—functions in a print-based, literate world that can cope with complexity and can separate illusion from truth. The other—the majority—is retreating from a reality-based world into one of false certainty and magic. To this majority—which crosses social class lines, though the poor are overwhelmingly affected—presidential debate and political rhetoric is pitched at a sixth-grade reading level. In this “other America,” serious film and theater, as well as newspapers and books, are being pushed to the margins of society.

In the tradition of Christopher Lasch’s The Culture of Narcissism and Neil Postman’s Amusing Ourselves to Death, Pulitzer Prize-winner Chris Hedges navigates this culture—attending WWF contests, the Adult Video News Awards in Las Vegas, and Ivy League graduation ceremonies—to expose an age of terrifying decline and heightened self-delusion."

Comment A much more reasonable explanation is... (Score 5, Insightful) 499

... food companies have scientists working 24/7 to hack human tastebuds for profit.

Much of this problem simply comes down to the fact that bad food is engineered to taste better than natural food we found in our environment over evolutionary history. The problem is our bodies aren't designed to deal with this new food environment and hence obesity. The environment that kids are raised in by clueless over stressed parents and shitty school environments doesn't help either.

Last but not least, human beings are not free. Probably one of the biggest myths that go along with the myth of responsibility.

Sam harris on free will

https://www.youtube.com/watch?...

Comment Re:Pfft... (Score 1, Interesting) 231

"FTFY. If you're making this about (R) vs (D), you're part of the problem."

If you're making this about your libertarian or other capitalist fantasies you are part of the problem.

War is a racket

http://www.amazon.com/War-Rack...

WIKILEAKS: U.S. Fought To Lower Minimum Wage In Haiti So Hanes And Levis Would Stay Cheap

http://www.businessinsider.com...

On elites

https://www.youtube.com/watch?...

Free markets?

https://www.youtube.com/watch?...

http://www.amazon.com/Empire-I...

"We now live in two Americas. One—now the minority—functions in a print-based, literate world that can cope with complexity and can separate illusion from truth. The other—the majority—is retreating from a reality-based world into one of false certainty and magic. To this majority—which crosses social class lines, though the poor are overwhelmingly affected—presidential debate and political rhetoric is pitched at a sixth-grade reading level. In this “other America,” serious film and theater, as well as newspapers and books, are being pushed to the margins of society."

Comment Pfft... (Score 3, Insightful) 231

.. they got to be joking. Considering everyone is racing to total information awareness to gain competitive advantage (NSA, GCHQ, etc). There's no stopping this, this is all token bullshit at this point. The only way to deal with this is to make the opaque institutions more transparent. You create data wherever you go, modern technology is so embedded in everyday life that it's impossible not for someone to build any kind of profile on you. Corporations have long been buying and selling data six ways to sunday, we can already assume they (NSA and helpers) will turn the packets they are harvesting off the net from anything you've ever posted into a permanent dossier on you.

Let's just be honest the leaders don't give a fuck, Obama is a moderate right republican. Most voters in North america are completely and totally politically illiterate.

What the elite are worried about is political awakening... Many in the bottom billions of poor on planet earth are in abject poverty and oppression. Elites want to keep those people in their place, hence the elites desire to control the internet.

People are waking up to the fact that the governments are all power hungry and corrupt and are not there to serve the interests of the people, but that of the global elite and the multi-billion dollar corporations.

https://www.youtube.com/watch?...

Comment It's not about making sense... (Score 2) 169

... it's about setting the tone for a story and then radically breaking from it. We saw this in mass effect 3's ending and Mass effect 2's ret-conning. ME3's ending was just fucking awful for all the amazing shit they set up in Mass effect 1. The reapers had a real mystery and atmosphere and that was slowly deflated by mistakes made in ME2 (aka the human abuction to create a human reaper, like wtf?) and then totally screwed over by ME3 with star child stupid ass choice ending.

If a game gives gamers the impression of being a serious story they set up those expectations. No one playing say Saints row 3 or SR4 is going to have serious expectations about the story. But it's different for RPG's like mass effect, etc. When you give the story a serious tone and show serious effort and then start phoning it in that's when gamers get pissed off. You need to decide from the start whether your story is going to be a serious effort or a half assed one and don't give gamers the impression otherwise.

Comment Re:Big data, spying? (Score 1) 118

How you spend your time online, what you play, what websites you access. That information can be correlated and traced back to you. Say you move to another country, fire up steam. bam IP address, etc. Anytime you are tied to a website that you are communicating with you are leaving breadcrumbs from which who you are, how you spend your time and what kind of person you are can be reconstructed with math and theory.

Comment Re:Big data, spying? (Score 1) 118

"The points is SO WHAT? Where's the Evil part?"

NSA and other government agencies taking advantage of security holes in steam or infiltrating valve to spy on you and collect data (aka conversations, etc, etc). Anything chained to online DRM naturally leaves you open to being spied on.

Not only that, should valve store sensitive data on their servers about you (studies/etc). This could be stolen by hackers. Online just opens a huge can of worms. You're not thinking about what being exposed to the online world really means. This is why DRM is such a pain in the ass.

Comment Re:The Economist is British . . . (Score 0) 285

. . . the last time I checked, the Economist was not a US publication. Does the BBC World News have a, "US centric perspective," too?

Yes.

(from citigroup memo download below)

http://pissedoffwoman.files.wo...
http://pissedoffwoman.files.wo...
http://pissedoffwoman.files.wo...

At the beginning of the first memo "Plutonomy: Buying Luxury, Explaining Global Imbalances", the analysts introduce the subject:

Little of this note should tally with conventional thinking. Indeed, traditional thinking is likely to have issues with most of it. We will posit that:

1) the world is dividing into two blocs - the plutonomies, where economic growth is powered by and largely consumed by the wealthy few, and the rest.

Plutonomies have occurred before in sixteenth century Spain, in seventeenth century Holland, the Gilded Age and the Roaring Twenties in the U.S. What are the common drivers of Plutonomy?

Disruptive technology-driven productivity gains, creative financial innovation, capitalist- friendly cooperative governments, an international dimension of immigrants and overseas conquests invigorating wealth creation, the rule of law, and patenting inventions. Often these wealth waves involve great complexity, exploited best by the rich and educated of the time.

2) We project that the plutonomies (the U.S., UK, and Canada) will likely see even more income inequality, disproportionately feeding off a further rise in the profit share in their economies, capitalist-friendly governments, more technology-driven productivity, and globalization.

Citigroup explains how the "non-rich" consumers become increasingly irrelevant within the "plutonomies":

4) In a plutonomy there is no such animal as “the U.S. consumer” or “the UK consumer”, or indeed the “Russian consumer”. There are rich consumers, few in
number, but disproportionate in the gigantic slice of income and consumption they take.

There are the rest, the “non-rich”, the multitudinous many, but only accounting for surprisingly small bites of the national pie. Consensus analyses that do not tease out the profound impact of the plutonomy on spending power, debt loads, savings rates (and hence current account deficits), oil price impacts etc, i.e., focus on the “average”consumer are flawed from the start. It is easy to drown in a lake with an average depth of 4 feet, if one steps into its deeper extremes. Since consumption accounts for 65% of the world economy, and consumer staples and discretionary sectors for 19.8% of the MSCI AC World Index, understanding how the plutonomy impacts consumption is key for equity market participants.

The analysts of Citigroup then invent a new term - "The New Managerial Aristocracy":

THE UNITED STATES PLUTONOMY - THE GILDED AGE, THE ROARING TWENTIES, AND THE NEW MANAGERIAL ARISTOCRACY

Let’s dive into some of the details. As Figure 1 shows the top 1% of households in the U.S., (about 1 million households) accounted for about 20% of overall U.S. income in 2000, slightly smaller than the share of income of the bottom 60% of households put together. That’s about 1 million households compared with 60 million households, both with similar slices of the income pie!

Clearly, the analysis of the top 1% of U.S. households is paramount. The usual analysis of the “average” U.S. consumer is flawed from the start. To continue with the U.S., the top 1% of households also account for 33% of net worth, greater than the bottom 90% of households put together. It gets better(or worse, depending on your political stripe) - the top 1% of households account for 40% of financial net worth, more than the bottom 95% of households put together.

This is data for 2000, from the Survey of Consumer Finances (and adjusted by academic Edward Wolff). Since 2000 was the peak year in equities, and the top 1% of households have a lot more equities in their net worth than the rest of the population who tend to have more real estate, these data might exaggerate the U.S. plutonomy a wee bit.

Was the U.S. always a plutonomy - powered by the wealthy, who aggrandized larger chunks of the economy to themselves? Not really.

Citigroup also makes clear what the CEO's of the world need: More money.

Society and governments need to be amenable to disproportionately allow/encourage the few to retain that fatter profit share. The Managerial Aristocracy, like in the Gilded Age, the Roaring Twenties, and the thriving nineties, needs to commandeer a vast chunk of that rising profit share, either through capital income, or simply paying itself a lot. We think that despite the post-bubble angst against celebrity CEOs, the trend of cost-cutting balance sheet-improving CEOs might just give way to risk-seeking CEOs, re-leveraging, going for growth and expecting disproportionate compensation for it. It sounds quite unlikely, but that’s why we think it is quite possible. Meanwhile Private Equity and LBO funds are filling the risk-seeking and re-leveraging void, expecting and realizing disproportionate remuneration for their skills.

More:

IS THERE A BACKLASH BUILDING?

Plutonomy, we suspect is elastic. Concentration of wealth and spending in the hands of a few, probably has its limits. What might cause the elastic to snap back? We can see a number of potential challenges to plutonomy.

The first, and probably most potent, is through a labor backlash. Outsourcing,
offshoring or insourcing of cheap labor is done to undercut current labor costs. Those being undercut are losers in the short term. While there is evidence that this is positive for the average worker (for example Ottaviano and Peri) it is also clear that high-cost substitutable labor loses.
Low-end developed market labor might not have much economic power, but it does have equal voting power with the rich. We see plenty of examples of the outsourcing or offshoring of labor being attacked as “unpatriotic” or plain unfair. This tends to lead to calls for protectionism to save the low-skilled domestic jobs being lost. This is a cause championed, generally, by left-wing politicians. At the other extreme, insourcing, or allowing mass immigration, which might price domestic workers out of jobs, leads to calls for anti-immigration policies, at worst championed by those on the far right.

To this end, the rise of the far right in a number of European countries, or calls (from the right) to slow down the accession of Turkey into the EU, and calls from the left to rebuild trade barriers and protect workers (the far left of Mr. Lafontaine, garnered 8.5% of the vote in the German election, fighting predominantly on this issue), are concerning signals. This is not something restricted to Europe. Sufficient numbers of politicians in other countries have championed slowing immigration or free trade (Ross Perot, Pauline Hanson etc.).

More:

Then comes a key-part of the first "Plutonomy" memo: Plutonomy only works if the members of a society have the impression that they can still participate, despite the harsh inequalities, that they "can join it." The analysts use the term "robber-baron economies" and conclude that a "potential social backlash" is possible. Becoming a "Pluto-participant" is the "embodiement of the 'American Dream'" -and this dream should not die, otherwise the Plutocrats could be in real trouble.

A third threat comes from the potential social backlash. To use Rawls-ian analysis, the invisible hand stops working. Perhaps one reason that societies allow plutonomy, is because enough of the electorate believe they have a chance of becoming a Pluto-participant. Why kill it off, if you can join it? In a sense this is the embodiment of the “American dream”. But if voters feel they cannot participate, they are more likely to divide up the wealth pie, rather than aspire to being truly rich.

Could the plutonomies die because the dream is dead, because enough of society does not believe they can participate? The answer is of course yes. But we suspect this is a threat more clearly felt during recessions, and periods of falling wealth, than when average citizens feel that they are better off. There are signs around the world that society is unhappy with plutonomy - judging by how tight electoral races are.

But as yet, there seems little political fight being born out on this battleground.

A related threat comes from the backlash to “Robber-barron” economies. The population at large might still endorse the concept of plutonomy but feel they have lost out to unfair rules. In a sense, this backlash has been epitomized by the media coverage and actual prosecution of high-profile ex-CEOs who presided over financial misappropriation. This “backlash” seems to be something that comes with bull markets and their subsequent collapse. To this end, the cleaning up of business practice, by high-profile champions of fair play, might actually prolong plutonomy.

The second memo, titled "Revisiting Plutonomy: The Rich Getting Richer" deals mainly with the consequences for investments which follow the analysis in the first memo.

There are, in our opinion, two issues for equity investors to consider. Firstly, if we are right, that plutonomy is to blame for many of the apparent conundrums that exist around the world, such as negative savings, current account deficits, no consumer recession despite high oil prices or weak consumer sentiment, then so long as the rich continue to get richer, the likelihood of these conundrums resolving themselves through traditionally disruptive means (currency collapses, consumer recessions etc) looks low. The first consequence for equity investors who worry about these issues, is that the risk premia they ascribe to equities to reflect these conundrums/worries, may be too high.

Secondly, if the rich are to keep getting richer, as we think they will do, then this has ongoing positive implications for the businesses selling to the rich. We have called these businesses “Plutonomy stocks”. We see three reasons to take another look at those plutonomy stocks.

There's more but that's enough, I'm sure.

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