Hearted Youtube comments on Bloomberg Originals (@business) channel.
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High fashion is sometimes very abstract, very elitist, very bizarre and sometimes purely ridiculous. But if you push all of the crazy price tags aside and all the ridiculous celebrity endorsers too, you find artisans, people who study and excel in a craft. They deserve to be highlighted more. Behind that overpriced Chanel bag is a leather/chain/fabric artisan and years of creative thought and passion. Fast fashion is slowly killing our planet (water consumption, landfills, toxic chemical dumped in village waters, people paid pennies etc), haute couture is rare, it’s scarce. I find the luxury scene beyond ridiculous but I love my high end pieces, that have lasted me years and will continue to do so. Behind these fashion shows are artisans, that will always be better than any fast producing machine.
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I listened to the whole podcast (except the trade war thingy) and must I tell you as an-unemployed-yet-to-graduate, aiming-for-a-master's-degree Indian youth, that the analysis was quite sound, atleast in AEC sector since I have observed it firsthand during my 9 month internship period, demonitisation and GST hit us quite hard, and infrastructural development stimulated by the ruling government through hiring contractors, has cut down on low skill labour jobs, atleast in the cities, although increasing investment in pre-cast building methods, Ready to mix concrete, JCBs and such machinery etc.
There's plenty of work in the tier three city though, but due to an acute lack of infrastructure and contempt for innovation, no person who ever leaves for tier 1 city, ever goes back.
This is similar pattern of say the Americas in the last decades of 20th century, just with extra layers of disruptive innovation, increasing bipartisanship, poor education system leading to low skill even in the educated making them unemployable, rampant class inequality, underlooked Agragarian distress etc.
Also, there's severe lack of confidence between today's youth, and the older generations; to us everything feels expensive, and the ever-accesible 4G smartphones give us information hangover, through breakfast to dinner.
To them it's just what life is- survival.
And ofcourse this is solely the top 1% of this country (monthly income of ~₹65k/month)
Everybody just lives in their own information bubbles, the likes of which only celebrities had privileges to before Social Media(tiktok has one of the largest user base here) wanting to hold on to that temporary feeling of approval given by people we never even had a real conversation with.
There's a severe lack of commendable blogs, and reports, and the TV Media is cashing in the most out of it!
All this will either go into something very positive or direly negative, no in-between for sure, really depends on how the policy development and execution works on the political level, and what we ourselves choose to focus on, on an individual level. 'Community' is diminishing to obscurity.
Edit: Grammar
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At least from the video, I'm not sold on the paper. We are assuming that $515 quintillion is a massive amount for the Star Wars universe. However, we don't know enough about the debt or underlying economics to make that judgement. Here's why:
1- Through my extensive but not complete consuming of Star Wars material, I've found no way of understanding GDP per capita. Without a baseline income number to work off of, any debt numbers are meaningless. If we don't know the total Empire's Debt to GDP ratio, we don't know how much trouble they are in.
2- Functionally, the Galatic Empire's bonds should be the safest in the Galaxy. Imagine US Treasury bonds but backed by every government everywhere. It can't go bankrupt because it's the underpinning of all financial institutions everywhere. There is no foreign capital and very few alternative investments. Thus, even if the new government declares bankruptcy, creditors are unlikely to hold off on it because it's still the safest investment you can make. For the Galatic government to go bankrupt, they would have to build two death stars and then have them destroyed by a band of rebels. What are the odds of that happening again?
To me, Emperor Palpatine, despite the WashU Prof's assertions, didn't make a strong financially backed play. He didn't even have the support of the guild/trade systems. Sounds like he should have hired an accountant instead of Darth Maul tbh.
Thanks for coming to my Ted talk.
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