#capital — Public Fediverse posts

The #HongKong #Trade #Development #Council (#HKTDC) hosted its #flagship overseas #promotion, Think #Business, Think Hong Kong (#TBTHK), in #KualaLumpur on August 11, drawing some 1,600 business leaders from #Malaysia and Hong Kong. The #event aimed to connect Malaysian #companies with #capital, expertise, and #opportunities for regional expansion, particularly into the #Guangdong-Hong Kong-#Macao Greater Bay Area and the wider #China mainland #market. https://cnbusinessforum.com/malaysia-and-hong-kong-deepen-business-ties-at-kuala-lumpur-forum/

The #HongKong #Trade #Development #Council (#HKTDC) hosted its #flagship overseas #promotion, Think #Business, Think Hong Kong (#TBTHK), in #KualaLumpur on August 11, drawing some 1,600 business leaders from #Malaysia and Hong Kong. The #event aimed to connect Malaysian #companies with #capital, expertise, and #opportunities for regional expansion, particularly into the #Guangdong-Hong Kong-#Macao Greater Bay Area and the wider #China mainland #market. https://cnbusinessforum.com/malaysia-and-hong-kong-deepen-business-ties-at-kuala-lumpur-forum/

The #HongKong #Trade #Development #Council (#HKTDC) hosted its #flagship overseas #promotion, Think #Business, Think Hong Kong (#TBTHK), in #KualaLumpur on August 11, drawing some 1,600 business leaders from #Malaysia and Hong Kong. The #event aimed to connect Malaysian #companies with #capital, expertise, and #opportunities for regional expansion, particularly into the #Guangdong-Hong Kong-#Macao Greater Bay Area and the wider #China mainland #market. https://cnbusinessforum.com/malaysia-and-hong-kong-deepen-business-ties-at-kuala-lumpur-forum/

This is by design. And it’s exactly the same in tech.

It’s #capital seeking to destroy #labour

Teach the machine to do your job.

This is what it’s all about.

@gregjenner.bsky.social

The enemy is not #AI -- the enemy is #Capital ; it's not the machines that are to blame, it's not the code and the models that are to blame, it's who owns them. Using "intellectual property" laws like copyright to fight against the big AI companies won't help the creators, it will only lead to all the AI models being "owned" by the huge IP hoarders like Disney and Elsevier.
We need to fight a very different machine, the insane economic system known as #Capitalism . The reason why they're building insanely huge computing centres everywhere, the reason why they're training bigger and bigger machine learning models, is simply that the world economy has run out of growth. Investors are desperately trying to find any markets that have any growth potential left, but there aren't any. If we're being honest, growth is over, we have even exceeded the global ecological growth limits, which means that even the current size of the world economy is too big to become sustainable, and anything unsustainable won't be sustained for very long, meaning that the world economy will #collapse at some point not too far in our future.
If the machines didn't belong to a small number of very rich people but to everyone, if private property simply didn't exist and all the people just shared everything, nobody would have to worry about AI.
We aren't even close to AGI, let alone superintelligence; LLMs aren't even _really_ intelligent, they're just billion-dimensional word clouds, huge vector spaces made from entire libraries where words that often occur together are closer to each other than those that don't. Machines that can generate text that looks "intelligent", machines that can generate images and sounds and video, may seem like magic or like something alien or out of science fiction, but they aren't going to come alive. I'm not saying that artificial general intelligence, artificial minds, even artificial superintelligence, will never exist, but they aren't going to spontaneously emerge from LLMs or any of the other currently popular applications of machine learning. I think the probability of AGI/ASI ever coming into existence is rather low due to the fact that the Industrial Age is running on fumes and will probably collapse before ever getting there. Just like asteroid mining, orbital habitats, or factories on the Moon or Mars.

What is happening right now to knowledge workers, office workers, creative workers, artists, musicians, etc., is very similar to what happened to all kinds of other professions when automation became available for their jobs, beginning with artisanal weavers in the late 18th and early 19th century. And while attacking the machines has always been a very human thing to do, it has also always been rather stupid. We should be attacking the system instead. We need to seize the machines, end private property, reinvent and remake the technology. Machine learning is a very powerful tool, but the hardware needed to train and run them should be owned by everybody. We only need huge computing centres if we want to crunch insane volumes of numbers very quickly; if we don't need to train an entirely new AI model within a few weeks or months, if it is OK for a model's training to take a couple of years, we can do it with hige distributed networks of small consumer PCs, with volunteers contributing spare CPU and GPU cycles over the Internet. The resulting models should be small enough to run at reasonable speed on a single PC. And when there is something that needs to be trained within a shorter period of time and therefore needs a computing centre, the resulting model needs to be in the public domain, an open weights model which can be downloaded, modified, fine-tuned, by anybody.

And of course the people must decide what is included in the training data. I don't think anybody should be able to say something _shouldn't_ be in the training data because it's their IP, I think IP is an abomination, a legal fiction which only serves capital (just like physical property, which is used to keep the means of production under corporate control). However, the people need to be able to decide that some things should be excluded, like fascist or corporate propaganda.

All of this needs to be embedded in a larger revolutionary movement against capitalism itself. We need to replace this insane economy with one that not only works without any net growth but also doesn't collapse entirely when it needs to shrink. None of the existing flavours of #Marxism will do us much good because they were designed for a world where growth is still possible, and that world is over. However, #Anarchism is always a good starting point.

#Christian #Conservatism s attempt to Immanentize the eschaton is societal suicide in an attempt to draw out God. #Oligarchs have embraced it as the final solution to the #war between #labor and #capital. The #Epstein class has convinced itself that the #proletariat is no longer needed in an age of robot farming and #AI #datacenters replacing #labor. No more pesky #Praetorean guard problem thanks to drones. The Egoists are trying for their coup.

What did we do to be cursed with living in interesting times.

The #HongKong #Trade #Development #Council (#HKTDC) hosted its #flagship overseas #promotion, Think #Business, Think Hong Kong (#TBTHK), in #KualaLumpur on August 11, drawing some 1,600 business leaders from #Malaysia and Hong Kong. The #event aimed to connect Malaysian #companies with #capital, expertise, and #opportunities for regional expansion, particularly into the #Guangdong-Hong Kong-#Macao Greater Bay Area and the wider #China mainland #market. https://cnbusinessforum.com/malaysia-and-hong-kong-deepen-business-ties-at-kuala-lumpur-forum/

Яка доля чекає на компанію #OpenAI у найближчі місяці - банкрутство, поглинання з боку #Microsoft, чи злиття з більш успішним і менш заборогованим конкурентом - #Anthropic? Дивіться у розборі поточного фінансового стану лідера збиткової ШІ індустрії від Еда Цитрона.

#EdZitron #AI #LLM #AIScam #IPO #capital #scam #SamAltman
https://youtu.be/53fso6tOSKs?is=FjlXaxlvLATgBPzc

Friday, August 21, 2026

https://activitypub.writeworks.uk/2026/08/friday-august-21-2026/

The #HongKong #Trade #Development #Council (#HKTDC) hosted its #flagship overseas #promotion, Think #Business, Think Hong Kong (#TBTHK), in #KualaLumpur on August 11, drawing some 1,600 business leaders from #Malaysia and Hong Kong. The #event aimed to connect Malaysian #companies with #capital, expertise, and #opportunities for regional expansion, particularly into the #Guangdong-Hong Kong-#Macao Greater Bay Area and the wider #China mainland #market. https://cnbusinessforum.com/malaysia-and-hong-kong-deepen-business-ties-at-kuala-lumpur-forum/

The #HongKong #Trade #Development #Council (#HKTDC) hosted its #flagship overseas #promotion, Think #Business, Think Hong Kong (#TBTHK), in #KualaLumpur on August 11, drawing some 1,600 business leaders from #Malaysia and Hong Kong. The #event aimed to connect Malaysian #companies with #capital, expertise, and #opportunities for regional expansion, particularly into the #Guangdong-Hong Kong-#Macao Greater Bay Area and the wider #China mainland #market. https://cnbusinessforum.com/malaysia-and-hong-kong-deepen-business-ties-at-kuala-lumpur-forum/

Niger : le canadien Zimar va investir 1,9 milliard $ dans un complexe de raffinage
https://www.agenceecofin.com/actualites/1708-140911-niger-le-canadien-zimar-va-investir-1-9-milliard-dans-un-complexe-de-raffinage
#Afrique #Canada #énergie #pétrole #raffinerie #import #Chine #export #Nigeria #Niger #Zimar #capital #expertise #affaires

Le capitalisme a déjà socialisé la production

Marx montre que le capitalisme rend la production de plus en plus sociale tout en maintenant l’appropriation privée du capital. Les capitalistes deviennent progressivement superflus comme propriétaires et organisateurs de la production. Le véritable enjeu est de transformer cette socialisation de fait en contrôle démocratique du crédit, de l’investissement et du surplus. #Marx #Capital #Socialism #Democracy #WorkersCouncils…

https://homohortus31.wordpress.com/2026/08/17/le-capitalisme-a-deja-socialise-la-production/

Philippines Attracts FDI Worth $210 Million in May 2026

The Philippines, which hosted the summit of the Association of Southeast Asian Nations (ASEAN) and other related conferences, failed once again on attracting significant foreign direct investment (FDI) as the May 2026 FDI net inflow was counted at $210 million only making it the lowest in eleven years, according to a news report by the Manila Bulletin.

To put things in perspective, posted below is an excerpt from the Manila Bulletin news report. Some parts in boldface…

Foreign direct investment (FDI) net inflows into the Philippines plunged to $210 million in May, the lowest monthly total in more than 11 years as global economic volatility and geopolitical tensions prompted foreign companies to delay capital commitments.

According to the latest data from the Bangko Sentral ng Pilipinas (BSP), released on Monday, Aug. 10, the May figure represents a 64.7 percent contraction from the level recorded in May 2025 and falls below the previous record low of $200.43 million seen in March 2015.

The sharp monthly drop dragged total net inflows for the first five months of 2026 to $2.18 billion, a 33.4 percent decline from the $3.27 billion recorded in the same period last year.

According to the BSP, the cumulative decline was “driven by lower foreign net investments in debt instruments and reinvestment of earnings, which more than offset the increase in net equity capital investments (other than reinvestment of earnings).”

The central bank added that this trend “reflected lower intercompany borrowings from foreign direct investors and reduced earnings retained for reinvestment during the period.”

Among its components, the primary driver of the May shrinkage was the sharp fall in net investments in debt instruments, which tumbled 92.1 percent to $35 million from $440 million a year earlier.

As of end-May, debt instruments—which “consist mainly of intercompany borrowing or lending between foreign direct investors and their subsidiaries or affiliates in the Philippines”—totaled $1.25 billion, dropping by nearly half from the $2.48 billion recorded in 2025.

This five-month performance follows a challenging 2025, during which annual net inflows plunged to $7.79 billion from $9.40 billion in 2024. The BSP forecasts inflows to clock in lower at $7 billion before rebounding to $8 billion in 2027.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think hosting the ASEAN Summit will lead the Philippines to economic miracles and stronger FDI in the near future?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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The #HongKong #Trade #Development #Council (#HKTDC) hosted its #flagship overseas #promotion, Think #Business, Think Hong Kong (#TBTHK), in #KualaLumpur on August 11, drawing some 1,600 business leaders from #Malaysia and Hong Kong. The #event aimed to connect Malaysian #companies with #capital, expertise, and #opportunities for regional expansion, particularly into the #Guangdong-Hong Kong-#Macao Greater Bay Area and the wider #China mainland #market. https://cnbusinessforum.com/malaysia-and-hong-kong-deepen-business-ties-at-kuala-lumpur-forum/

The #HongKong #Trade #Development #Council (#HKTDC) hosted its #flagship overseas #promotion, Think #Business, Think Hong Kong (#TBTHK), in #KualaLumpur on August 11, drawing some 1,600 business leaders from #Malaysia and Hong Kong. The #event aimed to connect Malaysian #companies with #capital, expertise, and #opportunities for regional expansion, particularly into the #Guangdong-Hong Kong-#Macao Greater Bay Area and the wider #China mainland #market. https://cnbusinessforum.com/malaysia-and-hong-kong-deepen-business-ties-at-kuala-lumpur-forum/

Matthias Tillmann, Chairman of the board of Aufsteiger FC Schalke 04, has criticized the distribution of television revenue in German professional football week... https://news.osna.fm/?p=59571 | #news #calls #capital #ceo #disparity

The #HongKong #Trade #Development #Council (#HKTDC) hosted its #flagship overseas #promotion, Think #Business, Think Hong Kong (#TBTHK), in #KualaLumpur on August 11, drawing some 1,600 business leaders from #Malaysia and Hong Kong. The #event aimed to connect Malaysian #companies with #capital, expertise, and #opportunities for regional expansion, particularly into the #Guangdong-Hong Kong-#Macao Greater Bay Area and the wider #China mainland #market. https://cnbusinessforum.com/malaysia-and-hong-kong-deepen-business-ties-at-kuala-lumpur-forum/

The #HongKong #Trade #Development #Council (#HKTDC) hosted its #flagship overseas #promotion, Think #Business, Think Hong Kong (#TBTHK), in #KualaLumpur on August 11, drawing some 1,600 business leaders from #Malaysia and Hong Kong. The #event aimed to connect Malaysian #companies with #capital, expertise, and #opportunities for regional expansion, particularly into the #Guangdong-Hong Kong-#Macao Greater Bay Area and the wider #China mainland #market. https://cnbusinessforum.com/malaysia-and-hong-kong-deepen-business-ties-at-kuala-lumpur-forum/

The #HongKong #Trade #Development #Council (#HKTDC) hosted its #flagship overseas #promotion, Think #Business, Think Hong Kong (#TBTHK), in #KualaLumpur on August 11, drawing some 1,600 business leaders from #Malaysia and Hong Kong. The #event aimed to connect Malaysian #companies with #capital, expertise, and #opportunities for regional expansion, particularly into the #Guangdong-Hong Kong-#Macao Greater Bay Area and the wider #China mainland #market. https://cnbusinessforum.com/malaysia-and-hong-kong-deepen-business-ties-at-kuala-lumpur-forum/