Dec 31, 2019, 4:52 PM —“Between the US, the EU, Russia, and China, what do you think is the most capitalist society?”— The Capitalism vs Communism dichotomy is a fabrication of the Marxists to distract from the reality that: (a) all states must practice mixed economies, with state centralization solving market limitations at the cost of poor capital efficiency and high corruption, until private capital can decentralize production and increase capital efficiency and decrease corruption; Advanced economies must innovate and require markets (private sector) majority production, and backward economies must catch up and create markets by state (public sector) majority production. (b) all states capable of collecting revenues either by investment and returns, taxation, interest collection, profiting from direct management, or all of the above, can choose whether to spend the income on consumption (redistribution) or production( further investment). Those states that are unable to collect revenues can militarize the population (as did the soviets) and minimize wages so that the maximum resources can be directed to production of commons. (c) the question is whether one operates by rule of law that naturally produces markets, rule by legislation negotiated between classes, or rule by regulation by monopoly bureaucracy, or rule by command (discretion) by dictator. ANGLOSPHERE countries are by far – without even a close competitor – dependent upon rule of law, rule by legislation, and state funding basic research, but almost no state involvement in production – why? Because judges were always independent professionals and less subject to corruption. Mixed Economy, Favoring Private Sector, and Rule of Law. CONTINENTAL – countries practice the napoleonic law of rule by legislation and rule by regulation. Why? Because french judges were appointed or purchased their positions and napoleon could not trust them to refrain from discretionary rulings (making up law). Mixed Economy, Favoring mixed public private sectors, and Rule of Legislation. POST SOVIET – Countries are cripple by soviet legal codes, but while russia and ukraine have reformed their laws (ukrainian law is quite good really), the problem in both countries has been reducing corruption that was endemic under the soviets in all walks of life. Although we must compliment Putin on tripling the number of cases in in the courts, even if he has not succeeded in preventing coercive thefts of businesses by state members (I could not find a single company to buy in Moscow because they must keep ‘fake’ books in order to prevent people in the government from conspiring to take over the business by confiscatory corruption.) Mixed economy, Both Heavy public and Private sectors, and rule by legislation and rule by Regulation INDIA. Indian law is fine. Like everything else in india, the engine of indian order is not the government but culture, tradition, and the family. Russia crosses eleven time zones but it’s still a country. America is an empire and each state or region a different country. Europe is trying and failing to repeat the american experiment and failing at the same time america is failing. India likewise is a continent and an empire not a country. India is unable to devote sufficient resources (for reasons we do not understand) to either providing speedy (timely) justice, or to producing sufficient infrastructure, given her people’s rates of reproduction. India lacks china’s authoritarianism and remains familialism which is both beautiful on the one hand but slows her rate of adaptation. Long term india will do wonderfully. Mixed Economy, Favoring Private Sector, Rule by Legislation CHINA has never practiced any semblance of law in the western sense, and instead has practiced arbitrary rule: Rule by Command, and Rule by Regulation and this seems to be the preference of the chinese people. China was a very poor (still is) backward country having made the mistake to reject modernity, then to embrace communism in order to prevent the south from seceding, leaving beijing in the north to rule poverty, and the commercial south to separate and join modernity. Mao would not tolerate this. After the failure of communism China saw the failure of the Soviets, and then the american defeat of the Iraqis, and this combination created today’s Chinese strategy of restoring her traditional position as the central power in east asia – despite all her neighbors fearing that china will also return to violence. Unlike india, china has a long history of monopoly authoritarian rule, and even more so, has the power of the Red Army (which really governs china’s factions). The chinese have a long history of pragmatism and reason – and almost no sense of the value of human life, and nothing approaching indian or european ethics. Secondly the chinese people are rather industrious and hard-working. So between authoritarian hierarchy, a means of enforcing political will with the army, a literate and intelligent hard working workforce, an endless supply of cheap labor, and endless debt capacity, and willingness to have an economic crash, china has been able to maximize state investment, migration of people into the workforce, and expansion of the military, and then to clamp down in response to an end to the boom. There is no question that for china, this is the optimum method of ‘catching up from behind’. Mixed Economy, Heavily Favoring State Sector, Rule by Command The most capitalist countries are those with the most rule of law and the most private sector. (anglosphere) The Most** mixed economies** are those with rule of legislation, a mix of private and state sector, (continental) The most **command economies **are those with the least rule of law and the most state sector (china) China has more successfully used debt capacity than any country in the world. This does not mean it is capitalist, since capitalism means bias to the private sector and minimizing the state sector.
Category: Economics, Finance, and Political Economy
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Economics Is Just Physics with Debits and Credits (memory)
Economics Is Just Physics with Debits and Credits (memory) https://propertarianism.com/2020/05/26/economics-is-just-physics-with-debits-and-credits-memory/
Source date (UTC): 2020-05-26 21:21:36 UTC
Original post: https://twitter.com/i/web/status/1265392665748738059
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Economics Is Just Physics with Debits and Credits (memory)
Jan 4, 2020, 10:43 AM
—“Women crave privilege and license. Men desire liberty and justice. Prove me wrong.”—Joshua Fox
Turn that statement into economic language: women desire consumption and men desire opportunity for production – the consequence of which is trading sex and reproduction for resources: a division of labor organized by voluntary exchanges.
—“To the root!”–Joshua Fox
Human behavior is all physics. It has to be. Economics is just physics with debts and credits. Our consciousness is just a vehicle for negotiating terms of cooperation. Cooperation is just a means of obtaining higher returns on investments of time and calories. Marriage – especially universal marriage – is the optimum compromise and the optimum means of calculating reproduction. The feminists are under the impression that men will behave by current means if the compromise of marriage and therefore exchange disappears. But if universal marriage and exchange of productivity for sex and offspring without imposing costs on others no longer exists, men will either invent new ways or revert to old ways that do not require cooperation. Women choose individually. Men choose collectively. Marriage and family is the compromise.
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Economics Is Just Physics with Debits and Credits (memory)
Jan 4, 2020, 10:43 AM
—“Women crave privilege and license. Men desire liberty and justice. Prove me wrong.”—Joshua Fox
Turn that statement into economic language: women desire consumption and men desire opportunity for production – the consequence of which is trading sex and reproduction for resources: a division of labor organized by voluntary exchanges.
—“To the root!”–Joshua Fox
Human behavior is all physics. It has to be. Economics is just physics with debts and credits. Our consciousness is just a vehicle for negotiating terms of cooperation. Cooperation is just a means of obtaining higher returns on investments of time and calories. Marriage – especially universal marriage – is the optimum compromise and the optimum means of calculating reproduction. The feminists are under the impression that men will behave by current means if the compromise of marriage and therefore exchange disappears. But if universal marriage and exchange of productivity for sex and offspring without imposing costs on others no longer exists, men will either invent new ways or revert to old ways that do not require cooperation. Women choose individually. Men choose collectively. Marriage and family is the compromise.
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Economics Is Just Physics with Memory
Economics Is Just Physics with Memory https://propertarianism.com/2020/05/26/economics-is-just-physics-with-memory/
Source date (UTC): 2020-05-26 21:21:03 UTC
Original post: https://twitter.com/i/web/status/1265392528888561674
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Economics Is Just an Extension of Physics
Economics Is Just an Extension of Physics https://propertarianism.com/2020/05/26/economics-is-just-an-extension-of-physics/
Source date (UTC): 2020-05-26 21:10:54 UTC
Original post: https://twitter.com/i/web/status/1265389976461758465
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Economics Is Just an Extension of Physics
Jan 5, 2020, 3:53 PM We can quantify all sorts of metrics of human behavior, but you’re confusing mathematics with physics, the same way most people confuse averages with instances or distributions. In other words, mathematics describes averages of points in time, it doesn’t not describe operations.Mathematics consist of operations that describe states and changes in states and averages. But not the underlying operations. Physics studies both the quantitative and the operational. Mathematics just the quantitative (positional). So while mathematics describes ‘sums’ operations describe changes in state. Here: At every “level’ of reality we discover an underlying limited number of operations (Grammar) producing some set of symmetries (outcomes, equilibria), and above that a new limited number of operations (Grammar, outcomes, equilibria)) that produce another set of symmetries, and above that and so on. So, we don’t yet know what causes the quantum level We have a fairly good idea what causes the subatomic level. we have a very good idea what causes the atomic level. We have such a good understanding of chemistry that it’s boring. We are getting a fair understanding of biochemistry (and that it’s mechanical). We are getting a beginning understanding of proteins (and that it’s mechanical(operational) ) We are getting a beginning understanding of genetic reproduction (and that it’s mechanical- operational) . We are getting a fairly good understanding of cells. We have a more than fairly good understanding of multi-cellular (complex) organisms. I’ll stop there since I think you can see the pattern of some set of physically possible operations producing a finite set of physically possible states, followed by another set of physically possible operations producing a finite set of physically possible states, and that this process continues indefinitely, all the way to what we call consciousness. Now life buys us conservation of energy (defeat of entropy), but it’s still bound by the laws of physics (the underlying grammars). Memory buys us prediction. And prediction provides our ability to perform operations (actions) that improve our defeat of entropy. Increase in neural( brain) volume provides Competition between predictions, which provides us choices of options for defeating entropy. Increase in Brain volume provides iterations on predictions for increasing choices of defeating entropy the sequence of actions (or inactions for that matter). Increase in brain volume provides prediction of others predictions and predicting opportunities for cooperation that further improve our ability to capture and use energy by defeating entropy. Human ability to capture energy is limited by the grammar of human action (possible actions and sequences of actions and parallel combinations of other’s actions). So the grammar of human action consists in the physical, emotional-intuitionistic, and cognitive operations. Those operations are bounded by physical limitations of the grammars upon which they are constructed. Both Physics and Economics are bound by the same underlying grammars (laws) but because humans have memories, prediction, sentience, and consciousness, reason, calculation, symbolism, and computation, we can use debts and credits with each other to temporarily lend to each other, in presumption of future returns on that investment or debt. We don’t violate that physical law. Because humans observe reciprocity (equilibrium) just as the physical world obeys equilibrium (entropy). If we didn’t we wouldn’t be here. And so some people specialize in capitalization (productivity) and some people specialize in consumption, and others in parasitism or predation. But in the end, over time, we are limited by the physical laws of the universe. We can create productivity (as does life), or we can parasite upon other lives (as do bacteria and viruses). We cannot run the clock on parasitism (Socialism or gypsies) or conquest (islamism) forever because we will run out of hosts to prey upon. So economics is just physics with debits and credits (ability t steal, to borrow, to exchange,to produce, or to save) made possible by consciousness, by test of reciprocity (account balances), within the limit of proportionality (exit). TRIANGLE: What limits to human operations? ………………What Limits?………………. ………………………|………………………… …………….Human Actions…………….. ……………..Consciousness……………. …………………Sentience……………….. …………………….Life……………………… …………………./…………………………… ……….subatomic..macro-atomic….. ………………./…………………………….. ……….?Limits………….Limits?………… Human limits are reciprocity (positive) with the limits of proportionality (negaitve). The subatomic level appears to run out of energy by maximum dissipation. The macro atomic level appears to run out of ability to compress energy. Sorry but it’s just Physics with the ability to use each other for debt and credit that we call ‘cooperation”.
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Economics Is Just an Extension of Physics
Jan 5, 2020, 3:53 PM We can quantify all sorts of metrics of human behavior, but you’re confusing mathematics with physics, the same way most people confuse averages with instances or distributions. In other words, mathematics describes averages of points in time, it doesn’t not describe operations.Mathematics consist of operations that describe states and changes in states and averages. But not the underlying operations. Physics studies both the quantitative and the operational. Mathematics just the quantitative (positional). So while mathematics describes ‘sums’ operations describe changes in state. Here: At every “level’ of reality we discover an underlying limited number of operations (Grammar) producing some set of symmetries (outcomes, equilibria), and above that a new limited number of operations (Grammar, outcomes, equilibria)) that produce another set of symmetries, and above that and so on. So, we don’t yet know what causes the quantum level We have a fairly good idea what causes the subatomic level. we have a very good idea what causes the atomic level. We have such a good understanding of chemistry that it’s boring. We are getting a fair understanding of biochemistry (and that it’s mechanical). We are getting a beginning understanding of proteins (and that it’s mechanical(operational) ) We are getting a beginning understanding of genetic reproduction (and that it’s mechanical- operational) . We are getting a fairly good understanding of cells. We have a more than fairly good understanding of multi-cellular (complex) organisms. I’ll stop there since I think you can see the pattern of some set of physically possible operations producing a finite set of physically possible states, followed by another set of physically possible operations producing a finite set of physically possible states, and that this process continues indefinitely, all the way to what we call consciousness. Now life buys us conservation of energy (defeat of entropy), but it’s still bound by the laws of physics (the underlying grammars). Memory buys us prediction. And prediction provides our ability to perform operations (actions) that improve our defeat of entropy. Increase in neural( brain) volume provides Competition between predictions, which provides us choices of options for defeating entropy. Increase in Brain volume provides iterations on predictions for increasing choices of defeating entropy the sequence of actions (or inactions for that matter). Increase in brain volume provides prediction of others predictions and predicting opportunities for cooperation that further improve our ability to capture and use energy by defeating entropy. Human ability to capture energy is limited by the grammar of human action (possible actions and sequences of actions and parallel combinations of other’s actions). So the grammar of human action consists in the physical, emotional-intuitionistic, and cognitive operations. Those operations are bounded by physical limitations of the grammars upon which they are constructed. Both Physics and Economics are bound by the same underlying grammars (laws) but because humans have memories, prediction, sentience, and consciousness, reason, calculation, symbolism, and computation, we can use debts and credits with each other to temporarily lend to each other, in presumption of future returns on that investment or debt. We don’t violate that physical law. Because humans observe reciprocity (equilibrium) just as the physical world obeys equilibrium (entropy). If we didn’t we wouldn’t be here. And so some people specialize in capitalization (productivity) and some people specialize in consumption, and others in parasitism or predation. But in the end, over time, we are limited by the physical laws of the universe. We can create productivity (as does life), or we can parasite upon other lives (as do bacteria and viruses). We cannot run the clock on parasitism (Socialism or gypsies) or conquest (islamism) forever because we will run out of hosts to prey upon. So economics is just physics with debits and credits (ability t steal, to borrow, to exchange,to produce, or to save) made possible by consciousness, by test of reciprocity (account balances), within the limit of proportionality (exit). TRIANGLE: What limits to human operations? ………………What Limits?………………. ………………………|………………………… …………….Human Actions…………….. ……………..Consciousness……………. …………………Sentience……………….. …………………….Life……………………… …………………./…………………………… ……….subatomic..macro-atomic….. ………………./…………………………….. ……….?Limits………….Limits?………… Human limits are reciprocity (positive) with the limits of proportionality (negaitve). The subatomic level appears to run out of energy by maximum dissipation. The macro atomic level appears to run out of ability to compress energy. Sorry but it’s just Physics with the ability to use each other for debt and credit that we call ‘cooperation”.
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The Universally Preferable Behavior Is the Opposite.
Jan 13, 2020, 4:42 PM Sorry by “Parasitism”, “Rent Seeking”, and “Free Riding” are demonstrably the universally preferable behavior (UPB). It takes a majority middle class for demand for reciprocity. Man is amoral, not moral. Morality is just advantageous because we’re superpredators – and dangerous.
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The Universally Preferable Behavior Is the Opposite.
Jan 13, 2020, 4:42 PM Sorry by “Parasitism”, “Rent Seeking”, and “Free Riding” are demonstrably the universally preferable behavior (UPB). It takes a majority middle class for demand for reciprocity. Man is amoral, not moral. Morality is just advantageous because we’re superpredators – and dangerous.