"Someone should create a machine storing up the energy generated in these spinning classes. Then, whoever loses the most body fat at the end of the month, gets that energy delivered to their house through the SmartGrid of their utility company. This will save almost half their utility bill a month (basically a tax deduction, which helps stimulate the economy) and will give people incentive to lose weight. BAM! Two problems solved at once. How can you not love that?"
These are NOT innocuous "good ideas" for the market.
These are endorsements of corporate-police state mechanisms to hook each individual more closely into a system that insiders could rig to their benefit....and probably financialize and trade.
James Altucher (via LRC):
ReplyDelete"Someone should create a machine storing up the energy generated in these spinning classes.
Then, whoever loses the most body fat at the end of the month, gets that energy delivered to their house through the SmartGrid of their utility company. This will save almost half their utility bill a month (basically a tax deduction, which helps stimulate the economy) and will give people incentive to lose weight. BAM! Two problems solved at once. How can you not love that?"
These are NOT innocuous "good ideas" for the market.
These are endorsements of corporate-police state mechanisms to hook each individual more closely into a system that insiders could rig to their benefit....and probably financialize and trade.
http://www.smartgridnews.com/artman/publish/Business_Markets_Pricing_News/Report-Smart-Grid-Market-Could-Double-in-Four-Years-1662.html
http://en.wikipedia.org/wiki/Smart_grid