Technocapitalism, Human Evil, and Sedation Through Technologically Induced Dopamine Spikes

I am a misanthrope because I hate people. It is not one particular factor that makes me disgusted with humanity but various factors. At work yesterday a colleague spoke to me about how he loves to go to the gym to build muscle so he can attract women. He is so superficial and status conscious that it disgusts me, and he is not the only one who behaves like this. This is normal behavior. If you are not working to make yourself appealing in the eyes of others, you are abnormal. You are not trying hard enough to get a promotion, get a wife, and have a family. Society and its cultural norms promotes conformity, superficiality, and a culture of appeasement and slavery.

Something I have been trying to do more of recently is to be more anti-social. I have a habit of catching up with people. I have lunch or dinner with various colleagues and friends, but often these catch ups are nothing more than bragging sessions for others to go on and on about how great they are. Many complain about narcissism on Facebook, but social media merely accentuates what happens in real life, and at least most social media apps such as Facebook allow you to effortlessly block or unfollow someone whereas blocking or unfollowing someone in real life is far more awkward. Nevertheless, I have tried to reject many offers to catch up with people. Sometimes I will just tell people directly that I don’t like something e.g. someone invited me over to a wedding, but I told her that I don’t like weddings. Sometimes I will just make up some excuse not go.

I hate being around people, but I cannot simply walk away from humanity because I need a job in order to build dividend income so that I can shield myself from humanity, so it is a gradual process. I need to learn how to be more assertive so I can be more anti-social so that I can isolate myself more, but at the same time I need to work in order to earn money, and I need to learn how to cope with being constantly exposed to the corruption of humanity yet not being affected by it by being fake and by numbing or sedating myself with technology.

I commute via train, and something that first shocked me about commuters was how fixated they were to their smartphones, but I realized that they are probably like me. Being around people takes its toll. You need to be fake, conform, and be a witness to the superficiality and vulgarity of humanity. When you walk away from work, you have a choice: dwell on it and hurt yourself more, or crowd out these thoughts by consuming something else from your smartphone.

Human history is marked by war and conflict. There is innate in humans greed and ego, and these emotions lead to conflict, violence, and oppression, which result in suffering and pain.

When you’ve spent your life trying to appease others and then when you stop because you realize that the opinions of others do not matter, then you feel an emptiness. You felt that life was all about impressing others, e.g. impress your manager to get a promotion or impress a girl to get married. But when you realize this is all a sham designed to enslave you, there is no point in your life anymore, and you must build for yourself a new reason for living. For me it is about escaping, being free, and being autonomous.

I need to learn how to clear my mind. I have heard that meditation is healthy because it allows you to focus and clear out distractions. I am mostly distracted either because I dwell on the evil of humanity or I am engrossed in stimuli that I have consumed in order to distract myself from the evil of humanity. I need to eliminate my exposure to humanity and then if thoughts of humanity emerge in my mind, I need to expel so I can focus on more important things rather than try to displace it with stimuli. The problem is that the evil of humanity is a potent stimulus, so to overcome it you need a stimulus more potent, e.g. pornography, and this is why I believe pornography is so popular. However, if you consume potent stimulus like pornography, you can become addicted to it. It distracts you from the evil of humanity yet it also distracts you from important tasks you need to do.

 

How Money Printing Can Fail

The world economy came crashing in 2009 but was rescued through money printing. Standard economic theory would say that money printing would increase inflation, but we haven’t seen that.

If anything, the threat has been deflation (prices falling), and central banks lower interest rates or print money to cause inflation and fight deflation.

Lower interest rates encourage more people to borrow, and borrowing increases the money supply, so the effect is similar to money printing in that there is more money in the economy.

When people are confident, they tend to borrow money so that they can e.g. expand their business or buy more shares or real estate so that they can make even more money. However, when people are bearish, they don’t borrow because they may not be able to make enough money to pay off the loan, and so they tend to focus on paying off the debt. If going into debt increases money supply, paying off debt does the opposite, which is reduce the money supply. Paying off debt destroys money, which leads to deflation.

The game central banks seem to be playing is to wait for a dip in the market or a time when there is falling confidence and hence there is deflation. Then they lower interest rates or print money. People then expect the higher money supply will push up the prices of the property, shares, businesses, etc that they hold due to higher money supply increasing inflation, and then they borrow or leverage more, which pushes the market back up.

In theory, this can go on forever. As deflation occurs, just stimulate more.

There is one problem with this, which is what happens when money is printed but the recipients of printed money don’t do anything with it because they are concerned and want to “wait and see.” If interest rates are lowered, the expectation is that people will borrow more, but what if they don’t? Even if interest rates are zero, if returns on investments are negative, it’s not worth borrowing to invest. Likewise, if the recipients of printed money feel that all investments are poor and that the best use of money is to just leave it as cash, then this reduces the so-called velocity of money in the economy, which is deflationary.

In the past, assets produced great income. However, as money is bring printed in record quantities and interest rates are lowered, people are grabbing that easy money and investing it. If, say, a house in South America produced a rental yield of 10 percent, then as investors borrow money and buy the house, the prices go up, which lowers the rental yield. As the yield goes down, investors search for other assets. This is the so-called global hunt for yield.

As the global hunt for yield continues, investors need to search far and wide to find returns. Two ETFs have been released for the ASX that satisfy investor appetite for yield. There is an ETF that invests in junk bonds, i.e. lending money to bad companies (iShares Global High Yield Bond (AUD Hedged) ETF). There is also an ETF that lends money to emerging market governments (iShares J.P. Morgan USD Emerging Markets Bond (AUD Hedged) ETF).

As interest rates and money printing intensify, investors may reach the point where the global hunt for yield ends because all avenues will be exhausted. Investors then either don’t borrow at all or if money is printed and thrown at them, they do nothing with it. This bubble in yield pops.

This is when stimulus fails, and it looks like we are getting close to that day.