Curt Doolittle

Category: Economics, Finance, and Political Economy

  • Isn’t paying for a grad position a bit like giving head for access to porn gigs?

    Isn’t paying for a grad position a bit like giving head for access to porn gigs?

    Source date (UTC): 2017-01-22 11:31:00 UTC

  • Commercial Prices alone do not capture the entire change in state of total capit

    Commercial Prices alone do not capture the entire change in state of total capital

    Source date (UTC): 2017-01-21 15:15:00 UTC

  • “No one thinks for a single moment how consumer demand drives efficiency which d

    —“No one thinks for a single moment how consumer demand drives efficiency which drives automation and scaled consolidation which collapses manual industry. Together with a regressive tax scheme and fealty to the faith of trickle-down economics, and that’s what you get: all over.”—

    Yes. But just as heroin makes available incentives with profound consequences, fiat credit makes available incentives with profound consequences.

    And there is a huge difference between REMOVING a resource that produces profound consequences, and trying to convince people to BELIEVE in a general good and not to follow incentives.

    People don’t do that. They self report the moral high ground but they demonstrate a preference for pursuing the material incentives.

    This is why I say that adults talk about institutions and incentives, well intentioned people talk about punishments, and fools talk about ‘beliefs’.

    Remove the incentive.

    The incentive is credit.

    The solution is very firm borders, very firm citizenship, and high investment in the kinship commons.

    People follow incentives. we cannot cast moral judgement on other for their beliefs. We can only make illegal those actions which are criminal.

    Source date (UTC): 2017-01-21 11:16:00 UTC

  • (from elsewhere) While students from elite schools will always be in demand, tha

    (from elsewhere)

    While students from elite schools will always be in demand, that does not tell us much about the value of a college degree.

    Just as the American and British Economies experienced purges of middle management built up between the period 1920–1980 because of the influence of ‘managerialism’ (socialism), the entire world is about to go through a set of severe employment contractions between now and at least 2025.

    1 – political management – on a vast scale.

    2 – much more of lower middle management – on a vast scale.

    3 – a little more labor due to automation – perhaps on a perceptible scale.

    and (possibly)

    4 – much, much, much, of the financial sector on a frightening scale.

    In my (rather informed I think) opinion, if you do not possess a STEM degree for employment purposes, and perhaps a philosophy/law minor (so you think clearly), you have very little chances of employability other than “gee I have a degree”.

    Like most things, it’s more (a) who you know, and (b) what industry you can get into early, and (c) how much you can save of your income and invest before you are 30.

    Why? Because the west has held a 500 year military, technical, legal, financial, cultural, literacy, and knowledge advantage over the world, and Because Americans inherited the British empire’s institutions of world finance, trade, and oil. It is quite possible that Americans will descend to european standards of living (which are much lower unfortunately), and even more possible that europeans will descend as well.

    We no longer hold those advantages, and what we have seen since about 1992, a brief boom as we collected the post-cold-war (world communism) dividend, but by 2006 it was fairly evident that ‘the great leveling’ in the world economy would occur at the same time as ‘the great sort’ was occurring in the US population.

    ie: minimum bar for a college degree with any employability is a STEM degree. College degree only tells employers you can follow direction. It is the same bar as a high school diploma used to be before they discounted the high school diploma by lowering the standards. The same has occurred in colleges and universities. This is because while only about 15% of the work force has the IQ necessary to obtain a ‘legit’ college degree, about 50% of our people go to college. Ergo, 2/3 of the people who hold college degrees are meaningless. And of the remaining 1/3, only those with a STEM degree are employable.

    Worse, a PhD is a liability not an asset when seeking employment outside of research or STEM classes.

    Employers need to know you have a degree worth having from a school worth issuing it. The degree itself is now just a permission slip to seek work. Not a criteria for creating demand.

    Cheers

    Curt Doolittle

    Source date (UTC): 2017-01-18 14:39:00 UTC

  • kinds of job opportunities are available for people with a PhD in political econ

    https://t.co/o1jJtmEVDEWhat kinds of job opportunities are available for people with a PhD in political economy? https://t.co/o1jJtmEVDE

    ANSWER

    Just as the American and British Economies experienced purges of middle management built up between the period 1920–1980 because of the influence of ‘managerialism’ (socialism), the entire world is about to go through a set of severe employment contractions between now and at least 2025.

    1 – political management – on a vast scale.

    2 – much more of lower middle management – on a vast scale.

    3 – a little more labor due to automation – perhaps on a perceptible scale.

    and (possibly)

    4 – much, much, much, of the financial sector on a frightening scale.

    In my (rather informed I think) opinion, if you do not possess a STEM degree for employment purposes, and perhaps a philosophy/law minor (so you think clearly), you have very little chances of employability other than “gee I have a degree”.

    Like most things, it’s more (a) who you know, and (b) what industry you can get into early, and (c) how much you can save of your income and invest before you are 30.

    Why? Because the west has held a 500 year military, technical, legal, financial, cultural, literacy, and knowledge advantage over the world, and Because Americans inherited the British empire’s institutions of world finance, trade, and oil. It is quite possible that Americans will descend to european standards of living (which are much lower unfortunately), and even more possible that europeans will descend as well.

    We no longer hold those advantages, and what we have seen since about 1992, a brief boom as we collected the post-cold-war (world communism) dividend, but by 2006 it was fairly evident that ‘the great leveling’ in the world economy would occur at the same time as ‘the great sort’ was occurring in the US population.

    ie: minimum bar for a college degree with any employability is a STEM degree. College degree only tells employers you can follow direction. It is the same bar as a high school diploma used to be before they discounted the high school diploma by lowering the standards. The same has occurred in colleges and universities. This is because while only about 15% of the work force has the IQ necessary to obtain a ‘legit’ college degree, about 50% of our people go to college. Ergo, 2/3 of the people who hold college degrees are meaningless. And of the remaining 1/3, only those with a STEM degree are employable.

    Worse, a PhD is a liability not an asset when seeking employment outside of research or STEM classes.

    Employers need to know you have a degree worth having from a school worth issuing it. The degree itself is now just a permission slip to seek work. Not a criteria for creating demand.

    Cheers

    Curt Doolittle

    Source date (UTC): 2017-01-18 14:38:00 UTC

  • What Kinds Of Job Opportunities Are Available For People With A Phd In Political Economy?

    Just as the American and British Economies experienced purges of middle management built up between the period 1920–1980 because of the influence of ‘managerialism’ (socialism), the entire world is about to go through a set of severe employment contractions between now and at least 2025.

    1 – political management – on a vast scale.
    2 – much more of lower middle management – on a vast scale.
    3 – a little more labor due to automation – perhaps on a perceptible scale.
    and (possibly)
    4 – much, much, much, of the financial sector on a frightening scale.

    In my (rather informed I think) opinion, if you do not possess a STEM degree for employment purposes, and perhaps a philosophy/law minor (so you think clearly), you have very little chances of employability other than “gee I have a degree”.

    Like most things, it’s more (a) who you know, and (b) what industry you can get into early, and (c) how much you can save of your income and invest before you are 30.

    Why? Because the west has held a 500 year military, technical, legal, financial, cultural, literacy, and knowledge advantage over the world, and Because Americans inherited the British empire’s institutions of world finance, trade, and oil. It is quite possible that Americans will descend to european standards of living (which are much lower unfortunately), and even more possible that europeans will descend as well.

    We no longer hold those advantages, and what we have seen since about 1992, a brief boom as we collected the post-cold-war (world communism) dividend, but by 2006 it was fairly evident that ‘the great leveling’ in the world economy would occur at the same time as ‘the great sort’ was occurring in the US population.

    ie: minimum bar for a college degree with any employability is a STEM degree. College degree only tells employers you can follow direction. It is the same bar as a high school diploma used to be before they discounted the high school diploma by lowering the standards. The same has occurred in colleges and universities. This is because while only about 15% of the work force has the IQ necessary to obtain a ‘legit’ college degree, about 50% of our people go to college. Ergo, 2/3 of the people who hold college degrees are meaningless. And of the remaining 1/3, only those with a STEM degree are employable.

    Worse, a PhD is a liability not an asset when seeking employment outside of research or STEM classes.

    Employers need to know you have a degree worth having from a school worth issuing it. The degree itself is now just a permission slip to seek work. Not a criteria for creating demand.

    Cheers
    Curt Doolittle

    https://www.quora.com/What-kinds-of-job-opportunities-are-available-for-people-with-a-PhD-in-political-economy

  • What Kinds Of Job Opportunities Are Available For People With A Phd In Political Economy?

    Just as the American and British Economies experienced purges of middle management built up between the period 1920–1980 because of the influence of ‘managerialism’ (socialism), the entire world is about to go through a set of severe employment contractions between now and at least 2025.

    1 – political management – on a vast scale.
    2 – much more of lower middle management – on a vast scale.
    3 – a little more labor due to automation – perhaps on a perceptible scale.
    and (possibly)
    4 – much, much, much, of the financial sector on a frightening scale.

    In my (rather informed I think) opinion, if you do not possess a STEM degree for employment purposes, and perhaps a philosophy/law minor (so you think clearly), you have very little chances of employability other than “gee I have a degree”.

    Like most things, it’s more (a) who you know, and (b) what industry you can get into early, and (c) how much you can save of your income and invest before you are 30.

    Why? Because the west has held a 500 year military, technical, legal, financial, cultural, literacy, and knowledge advantage over the world, and Because Americans inherited the British empire’s institutions of world finance, trade, and oil. It is quite possible that Americans will descend to european standards of living (which are much lower unfortunately), and even more possible that europeans will descend as well.

    We no longer hold those advantages, and what we have seen since about 1992, a brief boom as we collected the post-cold-war (world communism) dividend, but by 2006 it was fairly evident that ‘the great leveling’ in the world economy would occur at the same time as ‘the great sort’ was occurring in the US population.

    ie: minimum bar for a college degree with any employability is a STEM degree. College degree only tells employers you can follow direction. It is the same bar as a high school diploma used to be before they discounted the high school diploma by lowering the standards. The same has occurred in colleges and universities. This is because while only about 15% of the work force has the IQ necessary to obtain a ‘legit’ college degree, about 50% of our people go to college. Ergo, 2/3 of the people who hold college degrees are meaningless. And of the remaining 1/3, only those with a STEM degree are employable.

    Worse, a PhD is a liability not an asset when seeking employment outside of research or STEM classes.

    Employers need to know you have a degree worth having from a school worth issuing it. The degree itself is now just a permission slip to seek work. Not a criteria for creating demand.

    Cheers
    Curt Doolittle

    https://www.quora.com/What-kinds-of-job-opportunities-are-available-for-people-with-a-PhD-in-political-economy

  • THE TRAGEDY OF THE “UNMANAGED COMMONS” ONLY. (important concept) (minor discussi

    http://www.onthecommons.org/magazine/elinor-ostroms-8-principles-managing-commmonsITS THE TRAGEDY OF THE “UNMANAGED COMMONS” ONLY.

    (important concept) (minor discussion of big box retailer phenom.)

    Philip Saunders : —“Read “Governing the Commons” by Elinor Ostrom. Very good explanation of the logical/game theoretic issues around managing common pool resources. Also refutes Garett Hardin’s “tragedy of the commons” argument.”—

    8 Principles for Managing a Commons

    1. Define clear group boundaries.

    2. Match rules governing use of common goods to local needs and conditions.

    3. Ensure that those affected by the rules can participate in modifying the rules.

    4. Make sure the rule-making rights of community members are respected by outside authorities.

    5. Develop a system, carried out by community members, for monitoring members’ behavior.

    6. Use graduated sanctions for rule violators.

    7. Provide accessible, low-cost means for dispute resolution.

    8. Build responsibility for governing the common resource in nested tiers from the lowest level up to the entire interconnected system.

    In economics, a common-pool resource (CPR), also called a common property resource, is a type of good consisting of a natural or human-made resource system (e.g. an irrigation system or fishing grounds), whose size or characteristics makes it costly, but not impossible, to exclude potential beneficiaries from obtaining benefits from its use.

    Unlike pure public goods, common pool resources face problems of congestion or overuse, because they are subtractable. A common-pool resource typically consists of a core resource (e.g. water or fish), which defines the stock variable, while providing a limited quantity of extractable fringe units, which defines the flow variable. While the core resource is to be protected or entertained in order to allow for its continuous exploitation, the fringe units can be harvested or consumed.

    The Tragedy of the Commons refers to a scenario in which commonly held land is inevitably degraded because everyone in a community is allowed to graze livestock there.

    This parable was popularized by wildlife biologist Garrett Hardin in the late 1960s, and was embraced as a principle by the emerging environmental movement.

    But Ostrom’s research refutes this abstract concept once-and-for-all with the real life experience from places like Nepal, Kenya and Guatemala.

    “When local users of a forest have a long-term perspective, they are more likely to monitor each other’s use of the land, developing rules for behavior,” she cites as an example. “It is an area that standard market theory does not touch.”

    (Garrett Hardin himself later revised his own view, noting that what he described was actually the Tragedy of the

    Unmanaged Commons.)

    Hardin explicitly stated that we should exorcise the “dominant tendency of thought that has… interfered with positive action based on rational analysis, namely, the tendency to assume that decisions reached individually will, in fact, be the best decisions for an entire society” (Hardin, 1968). The Tragedy of the Commons argument

    was a reaction against – not for – the contemporary laissez-faire interpretation of Adam Smith’s “invisible hand of the marketplace”!

    —-

    CURT’S EXPANSION ON THE MATTER:

    ie: proposing the choice of anarchic commons vs private property is just another a deception by framing: a false dichotomy.

    The problem is created when the shareholder agreement is unenforcible, or because no shareholder agreement is in place, or (which Ostrom Does Not Address) when credit (or fiat money) can be used to sufficiently compensate the existing users (shareholders) so that they will permit exhaustion of the resource under their management.

    This last example is what the ‘big box retailer’ phenomenon does that local communities object to. By destroying the local micro-economy, then growing until they bust the big box retailer created fragility to which the local economy could not recover.

    This scenario violates the natural law requirement that one cannot take any action that in the event of one’s failure, one cannot perform restitution for. If that were the case, all ‘ugly commercial architecture’ would have to be insured such that in the event of a collapse it was returned to natural state (clean land).

    Curt Doolittle

    The Propertarian Institute

    Kiev, Ukraine

    Source date (UTC): 2017-01-15 11:55:00 UTC

  • STATUS PRODUCTION IN THE DEFLATIONARY SOCIETY (important piece)(new insight by S

    STATUS PRODUCTION IN THE DEFLATIONARY SOCIETY

    (important piece)(new insight by Saini)

    Ricky Saini: —“Deconflation allows more status seekers to acquire status productively – as opposed to a monopoly of status acquired by a specific elite group of individuals that hoards it over everyone else.”—

    In a conflationary society one group attempts to hold all the status.

    In a deflationary society, we find elites in all methods of coercion (Martial/Paternal:Force/Threat, Economic/Brotherly: Remuneration/Payment, and Priestly/Maternal:Gossip/Advocacy-Shame), plus one method of decidability: the Judiciary, and one ‘Craftsmanly’ Art, Science, Engineering, Craftsmanship. and one familial: Paternal, Maternal, Number of Children, Manners/Culture.

    A deflationary society provides many more opportunities for high status by many other means, and therefore more incentive for personal achievement by social ‘competition’. There is more room for winners by moral means.

    Curt Doolittle

    The Propertarian Institute

    Kiev, Ukraine

    Source date (UTC): 2017-01-14 22:11:00 UTC

  • ERROR CORRECTION AND A RETURN TO CONQUEST? —“I’m seeing reports that indicate

    ERROR CORRECTION AND A RETURN TO CONQUEST?

    —“I’m seeing reports that indicate that we’ve captured most of the low-hanging fruit of exploration now, and our returns on exploration are continually reducing (collecting boulders > rocks > pebbles > sand) .

    Now it seems that we may be best employed by trying to use our discoveries more efficiently, removing error (refining). Perhaps this is the Olympian stage that has to result from the end of the Faustian evolution. (Punctuated Equilibrium).”—William Butchman

    In other words there is an inverse relationship between investment and return on exploration. And as a consequence an increasing return ON CONQUEST AND DOMESTICATION.

    😉

    Source date (UTC): 2017-01-13 19:50:00 UTC