Curt Doolittle

Category: Economics, Finance, and Political Economy

  • Why Do Some Economists Believe That American Corporations Will Close Down Their Overseas Factories And Come Back To America And Lower Prices And Hire Droves Of Americans When They Are Doing Just Fine Right Where They Are?

    The only reason to go overseas is to avoid taxation or to obtain cheap labor. As emerging economy labor increases the value of low cost labor diminishes. However, the primary reason is simply cultural and institutional. It’s just a lot easier to do business in America than anywhere else on earth. The entire society is organized to help businesses compete.

    https://www.quora.com/Why-do-some-economists-believe-that-American-corporations-will-close-down-their-overseas-factories-and-come-back-to-America-and-lower-prices-and-hire-droves-of-Americans-when-they-are-doing-just-fine-right-where-they-are

  • How Likely Is It That Toronto Will Suffer A Recession Considering House Prices And The Consumer Debt Continues To Rise At A Very Fast Rate And The Wages Do Not Rise?

    Ontario is bankrupt and attempting to use immigration to offset the problem temporarily, which only exacerbates the problem long term. It’s not so much that Toronto will suffer a recession but it will (like Detroit, Hartford…) eventually end up with vast ghettos, and an inability to maintain its infrastructure, followed by an inability to justify the governmetn.

    This is a common cycle that many states get into when they are large enough to accumulate enough debt that there is no correlation between their actions and the consequences due to the time it takes for consequences to occur.

    https://www.quora.com/How-likely-is-it-that-Toronto-will-suffer-a-recession-considering-house-prices-and-the-consumer-debt-continues-to-rise-at-a-very-fast-rate-and-the-wages-do-not-rise

  • My opinion is that w/o NN we will pay for major internet sites like Netflix,Yout

    My opinion is that w/o NN we will pay for major internet sites like Netflix,Youtube and Facebook, on a per-site basis (this is already happening in other countries). Cable/Telco’s have the lowest customer sat in the country. It’s a bad idea to reverse NN and further empower them.

    Source date (UTC): 2017-12-14 23:57:41 UTC

    Original post: https://twitter.com/i/web/status/941457196012974080

    Reply addressees: @AlHernandez21

    Replying to: https://twitter.com/i/web/status/941416833340596229

    IN REPLY TO:

    Original post on X

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    Original post: https://twitter.com/i/web/status/941416833340596229

  • My answer to Russia has 75 trillion worth of natural resources. How does this af

    My answer to Russia has 75 trillion worth of natural resources. How does this affect its economy and the world? https://www.quora.com/Russia-has-75-trillion-worth-of-natural-resources-How-does-this-affect-its-economy-and-the-world/answer/Curt-Doolittle?share=2428b3fa

    Source date (UTC): 2017-12-14 19:47:25 UTC

    Original post: https://twitter.com/i/web/status/941394215875088391

  • Russia Has 75 Trillion Worth Of Natural Resources. How Does This Affect Its Economy And The World?

    Please research the economic term “Resource Curse”.

    This excerpt from Ivestopedia.

    What is a ‘Resource Curse’

    Countries with an abundance of non-renewable resources tend toward stagnant growth or even economic contraction. This is because easy and profitable resources pull talent and capital, and prevent the development of a diverse, complex, innovative, and adaptive economy.

    The country then becomes dependent upon the price of commodities, and GDP (Gross Domestic Product) becomes volitaile because of the volatile price of commodities. (This is how the world is ‘punishing’ Russia for invasion of Ukraine – over-production of petroleum products upon which the entire country depends. So resource economies are ‘vulnerable’ not strong.)

    Worse, resources are attractive for government corruption (Again, russia and ukraine are exceptional examples. Russian resources, and Ukrainian farm land. )

    This is a problem in the USA, and in Canada, and in Australia, where all three countries had an abundance of territory that they are selling off to immigrants and creating a consumer economy rather than competing as their predecessor england did, or as japan has done, using technology, institutions, and culture. Or as Switzerland and Belgium have done. If you want to be prosperous you want a small homogenous country with no chance but to compete. (Switzerland is perhaps the best run country in the world.)

    Cheers

    https://www.quora.com/Russia-has-75-trillion-worth-of-natural-resources-How-does-this-affect-its-economy-and-the-world

  • Russia Has 75 Trillion Worth Of Natural Resources. How Does This Affect Its Economy And The World?

    Please research the economic term “Resource Curse”.

    This excerpt from Ivestopedia.

    What is a ‘Resource Curse’

    Countries with an abundance of non-renewable resources tend toward stagnant growth or even economic contraction. This is because easy and profitable resources pull talent and capital, and prevent the development of a diverse, complex, innovative, and adaptive economy.

    The country then becomes dependent upon the price of commodities, and GDP (Gross Domestic Product) becomes volitaile because of the volatile price of commodities. (This is how the world is ‘punishing’ Russia for invasion of Ukraine – over-production of petroleum products upon which the entire country depends. So resource economies are ‘vulnerable’ not strong.)

    Worse, resources are attractive for government corruption (Again, russia and ukraine are exceptional examples. Russian resources, and Ukrainian farm land. )

    This is a problem in the USA, and in Canada, and in Australia, where all three countries had an abundance of territory that they are selling off to immigrants and creating a consumer economy rather than competing as their predecessor england did, or as japan has done, using technology, institutions, and culture. Or as Switzerland and Belgium have done. If you want to be prosperous you want a small homogenous country with no chance but to compete. (Switzerland is perhaps the best run country in the world.)

    Cheers

    https://www.quora.com/Russia-has-75-trillion-worth-of-natural-resources-How-does-this-affect-its-economy-and-the-world

  • The Economics Of Planets And Their Populations

    Humans will make excellent domesticated animals to use as pets (amusing slaves), slaves(cheap labor), or food (I”m betting on food). Otherwise It sure looks like planets are rare and valuable enough – and trade costly and useless enough – that they are the ultimate ‘good’ in the community. Economics in everything. Marginal difference produces trading incompatibility, and cooperative in compatibility. Investment in a competitor is a catastrophe – which is the less on I take from Colonization. Habitable planets are scarce *in time*.

  • The Economics Of Planets And Their Populations

    Humans will make excellent domesticated animals to use as pets (amusing slaves), slaves(cheap labor), or food (I”m betting on food). Otherwise It sure looks like planets are rare and valuable enough – and trade costly and useless enough – that they are the ultimate ‘good’ in the community. Economics in everything. Marginal difference produces trading incompatibility, and cooperative in compatibility. Investment in a competitor is a catastrophe – which is the less on I take from Colonization. Habitable planets are scarce *in time*.

  • THE ECONOMICS OF PLANETS AND THEIR POPULATIONS Humans will make excellent domest

    THE ECONOMICS OF PLANETS AND THEIR POPULATIONS

    Humans will make excellent domesticated animals to use as pets (amusing slaves), slaves(cheap labor), or food (I”m betting on food). Otherwise It sure looks like planets are rare and valuable enough – and trade costly and useless enough – that they are the ultimate ‘good’ in the community.

    Economics in everything.

    Marginal difference produces trading incompatibility, and cooperative in compatibility. Investment in a competitor is a catastrophe – which is the less on I take from Colonization. Habitable planets are scarce *in time*.

    Source date (UTC): 2017-12-09 13:33:00 UTC

  • Look, Digital Currencies Will Evolve. They Have To.

    I doubt very seriously that such a thing will be btc. On the other hand, the moment they reach such potential the largest actors will invest in, and manipulate it.