#BritishColumbia is blowing through its sudden windfall just as #DavidEby draws up #budgets designed to make #budgetary #surpluses a thing of the past. The new premier’s first budget, tabled just last month, forecasts a $4.2 billion #deficit for 2023-24. And with a downturn on the horizon, an 11th hour injection of unexpected #TaxRevenue seems unlikely.

https://nationalpost.com/opinion/bc-6-billion-spending-spree

#BCPoli #BCgovernment #BCNDP

Enshittification, you'll recall, is the lifecycle of the online platform: first, the platform allocates #surpluses to end-users; then, once users are locked in, those surpluses are taken away and given to business-customers. Once the advertisers, publishers, sellers, creators and performers are locked in, the surplus is clawed away from them and taken by the publishers.

https://pluralistic.net/2023/01/21/potemkin-ai/#hey-guys

2/

The core of the argument revolves around #surpluses - that is, the value that exists in the service. For a user, surpluses are things like "being able to converse with your friends" and "being able to plan activities with your friends." For advertisers, surpluses are things like "being able to target ads based on the extraction and processing of private user data" and "being able to force users to look at ads before they can talk to one another."

3/

"Her legacy should be tied to the euro, and to Greece, and there her legacy of #austerity, fiscal adjustment, which allowed Germany to maintain fiscal and current account #surpluses is an undeniable #disaster."

#Merkel
#Neoliberalism
#Capitalism
#EU
#Germany
https://nakedkeynesianism.blogspot.com/2021/09/merkel-scholz-german-social-democrats.html