Curt Doolittle

Category: Economics, Finance, and Political Economy

  • Curt Doolittle updated his status. THOUGHTS ON THE GERMAN POSTWAR THEORY: ORDOLI

    Curt Doolittle updated his status.

    THOUGHTS ON THE GERMAN POSTWAR THEORY: ORDOLIBERALISM

    —“Is ordoliberalism an effective economic theory in your opinion? Why/why not?”—
    https://en.m.wikipedia.org/wiki/Ordoliberalism

    THE CORRECT ANSWER

    Ordoliberalism refers to the state-private alliance used by Germans after world war two. The premise is for the state to extend the market such that it provides desired goods and services rather than to take over the market for the production of goods and services.

    Ordoliberalism (geramn) differs from classical liberalism (anglo) just as continental law (german/french) differs from common law (anglo), in that the anglo seeks to suppress the state’s interference in the market (optimistic), and the german seeks to guard and manage the market (pragmatic to pessimistic).

    The anglo model is Imperial and expansionist (seizing all growth opportunities), and the german is domestic (maximizing known wants).

    The principle issue here is (a) demographic and (b) cultural. You can only conduct the german model with a martial (professional) bureaucracy and very honest people (farming). You can only conduct the anglo model when innovation is accessible (sail, piracy, conquest).

    So again, there is no ‘best’ model of government, there are only organizations that satisfy wants, needs, and exploit opportunities.

    The german postwar model was somewhat like the Chinese postwar model, and that is when you are ‘behind’ and want to ‘catch up’ it is a problem of organization. When you are ‘ahead’ and want to ‘stay ahead’ it’s a problem of innovation. The german model would be ‘bad’ for imperial purposes, and ‘good’ for postwar purposes.

    Germans are unique because of superior and homogeneous genetics, superior political culture due to lack of a central state, superior culture due to mastering craftsmanship for production of quality products, and the professionalization of the bureaucracy in imitation of Frederick the Great – and the subsequent investment in technical education that allowed Germany to produce the scientific (rather than British empirical) revolution – from which the postwar era has so soundly benefitted. In other words, the Germans and the Japanese both pursued superior export goods as a postwar strategy – and they COULD because of genetic(demographic) and cultural superiority. This is not a strategy all peoples can pursue – they lack the genetics, culture, and institutions to do so.

    As I’ve said repeatedly, and will continue to, the primary economic advantage any culture can seek is demographic. This will exacerbate over the next century such that smaller states with superior demographics will constantly outperform larger states with worse demographics. The people you live with have greater influence on your potential than do your abilities.

    Source date (UTC): 2018-07-30 15:10:58 UTC

  • (worth repeating) —As I’ve said repeatedly, and will continue to, the primary

    (worth repeating)

    —As I’ve said repeatedly, and will continue to, the primary economic advantage any culture can seek is demographic. This will exacerbate over the next century such that smaller states with superior demographics will constantly outperform larger states with worse demographics. The people you live with have greater influence on your potential than do your abilities.—

    Source date (UTC): 2018-07-30 12:09:00 UTC

  • THOUGHTS ON THE GERMAN POSTWAR THEORY: ORDOLIBERALISM —“Is ordoliberalism an e

    THOUGHTS ON THE GERMAN POSTWAR THEORY: ORDOLIBERALISM

    —“Is ordoliberalism an effective economic theory in your opinion? Why/why not?”—

    https://en.m.wikipedia.org/wiki/Ordoliberalism

    THE CORRECT ANSWER

    Ordoliberalism refers to the state-private alliance used by Germans after world war two. The premise is for the state to extend the market such that it provides desired goods and services rather than to take over the market for the production of goods and services.

    Ordoliberalism (geramn) differs from classical liberalism (anglo) just as continental law (german/french) differs from common law (anglo), in that the anglo seeks to suppress the state’s interference in the market (optimistic), and the german seeks to guard and manage the market (pragmatic to pessimistic).

    The anglo model is Imperial and expansionist (seizing all growth opportunities), and the german is domestic (maximizing known wants).

    The principle issue here is (a) demographic and (b) cultural. You can only conduct the german model with a martial (professional) bureaucracy and very honest people (farming). You can only conduct the anglo model when innovation is accessible (sail, piracy, conquest).

    So again, there is no ‘best’ model of government, there are only organizations that satisfy wants, needs, and exploit opportunities.

    The german postwar model was somewhat like the Chinese postwar model, and that is when you are ‘behind’ and want to ‘catch up’ it is a problem of organization. When you are ‘ahead’ and want to ‘stay ahead’ it’s a problem of innovation. The german model would be ‘bad’ for imperial purposes, and ‘good’ for postwar purposes.

    Germans are unique because of superior and homogeneous genetics, superior political culture due to lack of a central state, superior culture due to mastering craftsmanship for production of quality products, and the professionalization of the bureaucracy in imitation of Frederick the Great – and the subsequent investment in technical education that allowed Germany to produce the scientific (rather than British empirical) revolution – from which the postwar era has so soundly benefitted. In other words, the Germans and the Japanese both pursued superior export goods as a postwar strategy – and they COULD because of genetic(demographic) and cultural superiority. This is not a strategy all peoples can pursue – they lack the genetics, culture, and institutions to do so.

    As I’ve said repeatedly, and will continue to, the primary economic advantage any culture can seek is demographic. This will exacerbate over the next century such that smaller states with superior demographics will constantly outperform larger states with worse demographics. The people you live with have greater influence on your potential than do your abilities.

    Source date (UTC): 2018-07-30 11:10:00 UTC

  • The Virtuous Tariffs

    by Pat Buchanan William McKinley, the veteran of Antietam who gave his name to the McKinley Tariff, declared four years before being elected president: “Free trade results in our giving our money…our manufactures and our markets to other nations. …It will bring widespread discontent. It will revolutionize our values.” Campaigning in 1892, McKinley said, “Open competition between high-paid American labor and poorly paid European labor will either drive out of existence American industry or lower American wages.” Substitute “Asian labor” for “European labor,” and is this not a fair description of what free trade did to U.S. manufacturing these last 25 years? The results have been some $12 trillion in trade deficits, arrested wages for our workers, six million manufacturing jobs lost, 55,000 factories, and plants shut down. McKinley’s future vice president Teddy Roosevelt agreed with him: “Thank God I am not a free trader.” What did the Protectionists produce? From 1869 to 1900, GDP quadrupled. Budget surpluses ran for 27 straight years. The U.S. debt was cut two-thirds to 7 percent of GDP. Commodity prices fell 58 percent. America’s population doubled, but real wages rose 53 percent. Economic growth averaged 4 percent a year. And the United States, which began this era with half of Britain’s production, ended it with twice Britain’s production.

  • The Virtuous Tariffs

    by Pat Buchanan William McKinley, the veteran of Antietam who gave his name to the McKinley Tariff, declared four years before being elected president: “Free trade results in our giving our money…our manufactures and our markets to other nations. …It will bring widespread discontent. It will revolutionize our values.” Campaigning in 1892, McKinley said, “Open competition between high-paid American labor and poorly paid European labor will either drive out of existence American industry or lower American wages.” Substitute “Asian labor” for “European labor,” and is this not a fair description of what free trade did to U.S. manufacturing these last 25 years? The results have been some $12 trillion in trade deficits, arrested wages for our workers, six million manufacturing jobs lost, 55,000 factories, and plants shut down. McKinley’s future vice president Teddy Roosevelt agreed with him: “Thank God I am not a free trader.” What did the Protectionists produce? From 1869 to 1900, GDP quadrupled. Budget surpluses ran for 27 straight years. The U.S. debt was cut two-thirds to 7 percent of GDP. Commodity prices fell 58 percent. America’s population doubled, but real wages rose 53 percent. Economic growth averaged 4 percent a year. And the United States, which began this era with half of Britain’s production, ended it with twice Britain’s production.

  • Ageism in The Workplace (insufficient Demand)

    The problem is (a) delayed entry into the workforce by unnecessary education, excessive educational debt, and immigrant labor filling entry level jobs, (b) immigration of cheap labor favoring upper middle and upper classes at the expense of the working and under classes (c) common property, no fault divorce, alimony and child support guaranteeing elder male poverty and alienation, (d) the replacement of the ‘easy jobs’ with females at the expense of replacement rates of reproduction, and the displacement of males who are less able to self-modify to suit heavily female environments into only the dangerous, physically degenerative, and dirty jobs – or out of the workplace altogether. Business satisfy demand, but government creates demand by immigration, taxation, and family policy. Fools talk about what is good directly (oughts), and adults talk about incentives that produce goods (is’s). Unfortunately due to Dunning Kruger education effects popularized by the island 120 median, the fools do not know they are such.

  • Ageism in The Workplace (insufficient Demand)

    The problem is (a) delayed entry into the workforce by unnecessary education, excessive educational debt, and immigrant labor filling entry level jobs, (b) immigration of cheap labor favoring upper middle and upper classes at the expense of the working and under classes (c) common property, no fault divorce, alimony and child support guaranteeing elder male poverty and alienation, (d) the replacement of the ‘easy jobs’ with females at the expense of replacement rates of reproduction, and the displacement of males who are less able to self-modify to suit heavily female environments into only the dangerous, physically degenerative, and dirty jobs – or out of the workplace altogether. Business satisfy demand, but government creates demand by immigration, taxation, and family policy. Fools talk about what is good directly (oughts), and adults talk about incentives that produce goods (is’s). Unfortunately due to Dunning Kruger education effects popularized by the island 120 median, the fools do not know they are such.

  • Untitled

    https://www.quora.com/What-did-Ludwig-Von-Mises-get-right-about-economics/answer/Curt-Doolittle?share=2f28e5f4&srid=u4Qvhttps://www.quora.com/What-did-Ludwig-Von-Mises-get-right-about-economics/answer/Curt-Doolittle?share=2f28e5f4&srid=u4Qv

    Source date (UTC): 2018-07-29 17:26:00 UTC

  • Untitled

    https://www.quora.com/What-did-Ludwig-Von-Mises-get-right-about-economics/answer/Curt-Doolittle?share=2f28e5f4&srid=u4Qv

    Source date (UTC): 2018-07-29 17:26:00 UTC

  • Curt Doolittle updated his status. AGEISM IN THE WORKPLACE (INSUFFICIENT DEMAND)

    Curt Doolittle updated his status.

    AGEISM IN THE WORKPLACE (INSUFFICIENT DEMAND)

    The problem is (a) delayed entry into the workforce by unnecessary education, excessive educational debt, and immigrant labor filling entry level jobs, (b) immigration of cheap labor favoring upper middle and upper classes at the expense of the working and under classes (c) common property, no fault divorce, alimony and child support guaranteeing elder male poverty and alienation, (d) the replacement of the ‘easy jobs’ with females at the expense of replacement rates of reproduction, and the displacement of males who are less able to self-modify to suit heavily female environments into only the dangerous, physically degenerative, and dirty jobs – or out of the workplace altogether. Business satisfy demand, but government creates demand by immigration, taxation, and family policy. Fools talk about what is good directly (oughts), and adults talk about incentives that produce goods (is’s). Unfortunately due to Dunning Kruger education effects popularized by the island 120 median, the fools do not know they are such.

    Source date (UTC): 2018-07-29 14:40:21 UTC