World News

38506 readers

2658 users here now

A community for discussing events around the World

Rules:

Rule 1: posts have the following requirements:
- Post news articles only
- Video links are NOT articles and will be removed.
- Title must match the article headline
- Not United States Internal News
- Recent (Past 30 Days)
- Screenshots/links to other social media sites (Twitter/X/Facebook/Youtube/reddit, etc.) are explicitly forbidden, as are link shorteners.
Rule 2: Do not copy the entire article into your post. The key points in 1-2 paragraphs is allowed (even encouraged!), but large segments of articles posted in the body will result in the post being removed. If you have to stop and think "Is this fair use?", it probably isn't. Archive links, especially the ones created on link submission, are absolutely allowed but those that avoid paywalls are not.
Rule 3: Opinions articles, or Articles based on misinformation/propaganda may be removed. Sources that have a Low or Very Low factual reporting rating or MBFC Credibility Rating may be removed.
Rule 4: Posts or comments that are homophobic, transphobic, racist, sexist, anti-religious, or ableist will be removed. “Ironic” prejudice is just prejudiced.
Posts and comments must abide by the lemmy.world terms of service UPDATED AS OF 10/19
Rule 5: Keep it civil. It's OK to say the subject of an article is behaving like a (pejorative, pejorative). It's NOT OK to say another USER is (pejorative). Strong language is fine, just not directed at other members. Engage in good-faith and with respect! This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.
Rule 6: Memes, spam, other low effort posting, reposts, misinformation, advocating violence, off-topic, trolling, offensive, regarding the moderators or meta in content may be removed at any time.
Rule 7: We didn't USED to need a rule about how many posts one could make in a day, then someone posted NINETEEN articles in a single day. Not comments, FULL ARTICLES. If you're posting more than say, 10 or so, consider going outside and touching grass. We reserve the right to limit over-posting so a single user does not dominate the front page.

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.

Lemmy World Partners

News !news@lemmy.world

Politics !politics@lemmy.world

World Politics !globalpolitics@lemmy.world

Recommendations

How to spot Misinformation and Propaganda

For Firefox users, there is media bias / propaganda / fact check plugin.

https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/

Consider including the article’s mediabiasfactcheck.com/ link

founded 1 year ago

MODERATORS

quinten@lemmy.world

NewsAutoMod@lemmy.world

jordanlund@lemmy.world

Tenthrow@lemmy.world

little_cow@lemmy.world

lemmyAtom@lemmy.world

FlyingSquid@lemmy.world

171

Thailand is set to roll out a controversial $13.8 billion handout plan in digital money to citizens (apnews.com)

submitted 1 month ago by lemmee_in@lemm.ee to c/world@lemmy.world

58 comments fedilink hide all child comments

Thailand’s prime minister said Monday that eligible businesses and individuals can register from August for digital cash handouts, a controversial program that will cost billions of dollars and is meant to boost the lagging economy.

The government announced in April the widely criticized ambitious plan, named the Digital Wallet, meant to give 10,000 baht (about $275) to 50 million citizens in digital money to spend at local businesses.

However, economists have criticized the program, calling it an ineffective way to contribute to sustainable economic growth compared to other measures.

Thailand has in recent years suffered from a sluggish economy that appears to have deteriorated with no clear sign of growth. This month, the World Bank’s Thailand Economic Monitor projected GDP growth of 2.4% for the year 2024.

you are viewing a single comment's thread
view the rest of the comments

[–] Evil_Shrubbery@lemm.ee 2 points 1 month ago* (last edited 1 month ago)

Hehe, I know what a house is, the issue I was bringing up was why is it an investment, if the person absolutely needs it (assuming it's the house to live in).

And no, that's false analogy, not Bob the builder or Bob the manager, that's just another employee payed the same as other workers - Bob the shareholder is the party benefiting here (capital as a production factor).

Perhaps more illustrative: "Bob the me" who just clicks and buys an xtrackers or ishares etf funding hundreds of Bobs the worker ("CEO") and demanding profit growth from them or we will find someone who will. All without me knowing anyone's names.
That's why I ask why is her house an investment in the first place.

Ah, the fabled disruption tactic - which doesn't add value, but with sheer force of capital transforms the free market into a monopoly. Investors love that shit.
Eg it's not like Uber was a new idea that would ever be profitable, investors dumped insane amounts of money into a company hemorrhaging even more money all in the promise that at some point other market players (regular Taxi folk) will go bankrupt & Uber can start charging profitable prices. Which happened where local lawmakers didn't block it (also because they basically funded themselves on not paying their "employees" any benefits). And now Uber costs more than the Taxies ever did.

And no, 100 year light bulbs cannot be done, and that's not due to lack of materials or knowhow.

Just BTW, not an example or claim for the above, tho documents show companies decided to shorten lightbulb lifespans. \

The Centennial Light is an incandescent light bulb, recognized as the oldest known continuously operating light bulb. It was first illuminated in 1901, and has only been turned off a few brief times since.

And I also think that "voting with your money" isn't democratic unless on a very small scale ("village"), because in a lot is things you simply don't have a choice if you want a normal life.