Discover and read the best of Twitter Threads about #excuseflation
Most recents (5)
Amazon is a perfect #enshittification parable - platforms subsidize end users until they're locked in, then make life good for business customers at users' expense, until *they're* locked in, then claw back all the value they can, leaving just enough to keep the lock-in going.
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If you'd like an essay-formatted version of this thread to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:
pluralistic.net/2023/06/14/fly…
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pluralistic.net/2023/06/14/fly…
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In a new report for @SOMO, @margaridasilva2 describes how the end-stage enshittification of Amazon is playing out in the #EU, with Amazon repeating its US playbook.
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My latest @locusmag column is "The Swivel-Eyed Loons Have A Point," about all the ways that I agree with the Right's paranoid fringe, whom I mostly *disagree* with:
locusmag.com/2023/05/commen…
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locusmag.com/2023/05/commen…
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If you'd like an essay-formatted version of this thread to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:
pluralistic.net/2023/05/03/par…
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pluralistic.net/2023/05/03/par…
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The impetus for the article was a widely reported, bizarre protest against the plan to create a #15MinuteCity in Oxford, England.
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When students of statistics are introduced to creating and interpreting models, they are introduced to George Box's maxim:
*All models are wrong, some are useful.*
It's a call for humility and perspective, a reminder to superimpose the messy world on your clean lines. 1/
*All models are wrong, some are useful.*
It's a call for humility and perspective, a reminder to superimpose the messy world on your clean lines. 1/
If you'd like an essay-formatted version of this thread to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:
pluralistic.net/2023/04/03/all… 2/
pluralistic.net/2023/04/03/all… 2/
Even with this benediction, modeling is forever prone to the cardinal sin of insisting that complex reality can be reduced to "a perfectly spherical cow of uniform density on a frictionless plane." 3/
Profit-led inflation (#greedflation or #excuseflation) is the third inflation wave since the pandemic. It is starting to attract increased media attention, which could well be its undoing. So what is it, how widespread is it, and what can be done? A🧵
Profit-led inflation is not a demand surge allowing higher margins. Profit-led inflation occurs when companies spin a fairy tale to persuade people profit margin expansion is "fair" - the price elasticity of demand is lowered. Prices up with stable demand.
This is very different from the demand-led transitory inflation of 2021 (everyone rushing to buy flat screen TVs), or the energy supply shock inflation of March 2022. But this has been around for a while, and was the main inflation driver late Q3/early Q4
ft.com/content/837c38…
ft.com/content/837c38…
Giving workers modest sums to prevent them from starving during the lockdowns enraged #inflation hawks, who insist that improvements to workers' material lives will transform America into an amateur Weimar revival, with wheelbarrows of useless bank-notes. 1/
If you'd like an essay-formatted version of this thread to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:
pluralistic.net/2023/03/11/pri… 2/
pluralistic.net/2023/03/11/pri… 2/
"Democrats" like Larry Summers - a Clintonite ghoul who is on record as saying that women are biologically incapable of doing science - insisted that preserving workers' living standards was a terrible mistake. 3/
