Category: Economics, Finance, and Political Economy

  • ( the more dependent the economy is on complex networks of production involving

    ( the more dependent the economy is on complex networks of production involving distributed capital, resources, and knowledge)


    Source date (UTC): 2016-10-25 13:39:46 UTC

    Original post: https://twitter.com/i/web/status/790910725665460224

    Reply addressees: @AltJewish

    Replying to: https://twitter.com/i/web/status/790908477694697472


    IN REPLY TO:

    Original post on X

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    Original post: https://twitter.com/i/web/status/790908477694697472

  • The more advanced the economy,the greater the economic velocity,the greater the

    The more advanced the economy,the greater the economic velocity,the greater the expansion of credit,the more overextended the state=fragile.


    Source date (UTC): 2016-10-25 13:17:51 UTC

    Original post: https://twitter.com/i/web/status/790905210818420736

  • This is true if and only if the resource and investment valued with equal emotio

    This is true if and only if the resource and investment valued with equal emotion by all. But it isn’t.


    Source date (UTC): 2016-10-25 11:45:58 UTC

    Original post: https://twitter.com/i/web/status/790882088870350848

    Reply addressees: @harrison_partch @SnapPopCrackle

    Replying to: https://twitter.com/i/web/status/790880774451032064


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    Original post: https://twitter.com/i/web/status/790880774451032064

  • DEFINITIONS: FRAGILITY OF AN ADVANCED ECONOMY Q&A: –Curt, what do you mean by a

    DEFINITIONS: FRAGILITY OF AN ADVANCED ECONOMY

    Q&A: –Curt, what do you mean by an ‘advanced economy’?—

    The more dependent the citizenry is on complex networks of production involving distributed capital, resources, and knowledge.

    In other words the degree to which the store of necessary consumption can be interrupted before the expansion of revolt over basic needs..

    In other words, people cannot return to the farm in the village to survive, and have no choice but to revolt.

    The more ‘efficient’ an economy in ‘modern economic terms’ which means the more risk it absobs in favor of discounts on consumption, the more vulnerable it is.

    The siezure of the british empire’s policing of world finance and trade, the defense of europe during its rebuilding, the prosecution of the cold war and communism, and the consequential prosecution of world islamism as the replacement for communism, while importing vast numbers of a new third-world underclass, – have caused an overextension of the economy and a weakening of civic bonds necessary to endure shocks and reversals.

    Minor disruptions in distribution of basic goods (commercial rail, roadway trucking, consumer gasoline, natural gas piplines, electricity transformers, internet phone and cable boxes and wires, and water pipelines, when combined with multiple, randomly set fires, each of which provides an opportunity to harm or kill repair workers and the police that attempt to defend them, will cause vast economic catastrophe even if prosecuted by a small number of people.

    if any given city were to experience as few as 25 people aggressively pursuing these tactics for 120 days, the military will have to intervene, and the government will lose what remaining credibility it has, and people will, after 180-270 days, be exhausted.

    This is enough time for the military and political opportunists in the world to seize openings due to weakness that the Obama administration has created through deprivation and reduction, and the demand for both internal and external force will be unbearable, and the citizenry will either end up in the streets, or demand immediate action.

    The goal of any such action is to force the military to take control and to implement constitutional, legal, and policy changes sufficient to restore order.

    The strategy is quite simple. Lay out demands that a majority of the population will accept, that will generate opportunity for change, and opportunity for multiple classes and groups to benefit from.


    Source date (UTC): 2016-10-25 09:53:00 UTC

  • The more advanced the economy,the greater the economic velocity,the greater the

    The more advanced the economy,the greater the economic velocity,the greater the expansion of credit,the more overextended the state=fragile.


    Source date (UTC): 2016-10-25 09:30:00 UTC

  • “Curt : what property has Monsanto violated?”— Great question. 1) Monsanto is

    —“Curt : what property has Monsanto violated?”—

    Great question.

    1) Monsanto is following the normal evolutionary cycle of organizations from specialists to generalists to guardians. All polities go through a phase where they pollute until they are wealthy enough to demand non-pollution due to consumer and citizen demand. The same is true of companies, and the same is true of families. All organizations create EXTERNALITIES during their youth and adolescence, and only in maturity do they produce positive externalities, and only in old age to they produce largely aesthetic externalities.

    2) Monsanto is a biotechnology company that has found itself so successful that it has transformed into an industrial farming company, to an international shipping and distribution company, but has failed to transform into an ‘aesthetic’ company (as did the robber barons).

    3) Monsanto commits an objective series of crimes:

    a) social disruption (imposition of costs) on local people

    b) the export of a nation’s wealth (the source of their profits really)

    c) the bribery and corruption of developing country officials (you should see Ukraine)

    d) externalizing immediate costs, and externalizing risk that they cannot perform restitution for through pollution

    e) externalizing risk that they cannot warranty that they can perform restitution through GMO.

    4) The current movement against Monsanto is a demand that they transform into a company that seeks social status for its aesthetics in exchange for preserving its markets.

    5) This is the same process that religions use to control governments, the same process that people used to control warrior nobility, and the same process that consumers use to constrain companies, and the same process that women use to constrain alpha males: imposing opportunity costs and increasing transaction costs, by means of ridicule, gossip, shaming, and rallying.

    PROPERTARIANISM

    I would say that the reason that this problem exists is that people cannot appeal in court to a judge and thereby stop everything.


    Source date (UTC): 2016-10-25 08:08:00 UTC

  • Wealth is not the same word as resource, and invest is not the same word as entr

    —Wealth is not the same word as resource, and invest is not the same word as entrust—

    This is true if and only if the resource and investment valued with equal emotion by all. But it isn’t.

    The fact that I eschew attempts at falsely stating a homogeneity of interests is why I use unloaded verse.

    Conversely, the reason people use loaded verse is to deceive: to cast as universal that which is particular

    So to an honest man wealth is a resource and entrust is an investment. A dishonest man moralizes instead.

    Commons are created by the surrender of opportunities for violence, theft, fraud, deceit, and free riding.

    Just as much as commons are created by the contribution of time, effort, and resources.

    Western High Trust Society was built by forgoing early marriage and reproduction, free riding, and deceit.

    Just as much as it was by the aggressive suppression of violence, theft, and fraud.


    Source date (UTC): 2016-10-25 08:05:00 UTC

  • when you cut a slab of pork and eat it, and after the cost of digestion produce

    when you cut a slab of pork and eat it, and after the cost of digestion produce a net gain in calories.


    Source date (UTC): 2016-10-24 15:43:49 UTC

    Original post: https://twitter.com/i/web/status/790579555778097152

    Reply addressees: @SnapPopCrackle

    Replying to: https://twitter.com/i/web/status/790556015003480065


    IN REPLY TO:

    @SnapPopCrackle

    @curtdoolittle I am a physics major. I know what expenditure of energy is, but what is “capture of energy?”

    Original post: https://twitter.com/i/web/status/790556015003480065

  • How is my labor, my thought, my time, my wealth invested in the state? What abou

    How is my labor, my thought, my time, my wealth invested in the state? What about the opportunities I don’t seize? See?


    Source date (UTC): 2016-10-24 08:10:24 UTC

    Original post: https://twitter.com/i/web/status/790465452648632321

    Reply addressees: @SnapPopCrackle

    Replying to: https://twitter.com/i/web/status/790437586535710721


    IN REPLY TO:

    @SnapPopCrackle

    @curtdoolittle How is violence a freaking resource that can be “invested” in the state?

    Original post: https://twitter.com/i/web/status/790437586535710721

  • THE LOTTERY EFFECT HAS DEVOLVED AGRARIAN DEMOCRACY. One of the undesirable conse

    THE LOTTERY EFFECT HAS DEVOLVED AGRARIAN DEMOCRACY.

    One of the undesirable consequences of consumer capitalism, is that it dramatically increases the lottery effect – meaning that great wealth is not necessarily produced immorally (although in finance it can be), but that it is often produced without extraordinary merit: the disciplined accumulation of wealth by small amounts, rather than speculation and windfalls.

    This results in a government whose members are not by any stretch, our best.

    We are not even that careful with the judiciary. But it seems to me that our houses would be better staffed with members of the judiciary, and the presidency by the military, at one extreme, or people of property, randomly selected by lot, than the current democratic process by which well-off, well-meaning fools spend economies-worth-of-wealth getting elected and held in place by donors and special interests.


    Source date (UTC): 2016-10-21 19:42:00 UTC