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| Oct 7, 2020 | » | Fables in Service of Capitalism
4 min; updated Sep 5, 2022
EnvironmentalismOver the last 70 years, less than 10% of plastic waste has been recycled - it’s uneconomical. Recycling shifts attention from the environmental impact of plastics and their overproduction to the consumer’s willingness to recycle. Reducing and reusing is a much better environmental strategy. #environmentalism Betting (and Gambling)I’m seeing more prominent gambling sites and ads compared to when I was growing up. Based on my peers, SportPesa made lots of headway in Kenya (few companies can claim to sponsor English Premier League teams). Its backing is foreign though, so maybe SportPesa is part of a global trend? ... |
| Jun 1, 2019 | » | 02. The Madness of the Crowds
3 min; updated Sep 5, 2022
The Tulip Bulb CrazeVirus causes colored stripes in tulip petals. The Dutch valued such bulbs. Prices rose (just when one thought they couldn’t go higher). Let the tulipmania begin. Tulip bulbs options. 20 for a bulb currently worth 100. If the price moved to 200, the option holder exercises his right: buys at 100 and simultaneously sells at 200, making a profit of 80. ... |
Note: And that’s where FOMO comes in. You can’t argue with the results. You just want to dip your toes and get out. I watched Bitcoin keep climbing, until I got into the game with $50…