Category: Economics, Finance, and Political Economy

1) The three world model at present is commonly restated as the developed(first) and developing(third) world. However, in econ and finance we use it to refer to nations that fall between first and third world countries in terms of their development status and economic indicators.
2) IQ is a perfect predictor of every measurable between countries. And that’s in no small part because IQ is a reflection of the relative sizes of the classes. The primary difference between countries, regions, and continents is the size of the underclass. A competitive advantage of advanced civilizations is the “smart fraction”. For example, Japan has a half SD increase over the USA. But with ~40% of the population. This means the number of ‘smart people’ (over 125 capable of engineering, technology, and science ) is biased in favor of Japan. And while China is going through a similar IQ decline just as europeans have for the same reasons, there are reasons why china has not only large numbers but larger numbers of engineers (whole cities).
3) FWIW: and I don’t particularly like knowing this, the rate decline of basic logical cause and effect under 105 accelerates rapidly to the point where by 85 it all but doesn’t exist. At present (and we see this) that means a sixth of the population is not regularly employable in and advanced economy. And as automation increases the displacment will continue. So much so that we already can’t fill the low level technical jobs we have open, and we are going through the greatest (re)industrialization since the second world war as globalism and global trade collapse given our loss of comparative advantage in production.
4) Lesser developed cultures are largely lesser developed because the size of the classes unable to learn and compete in global trade sufficient to produce other than a local consumption economy, and so cannot produce sufficient surpluses to invest in capital structures necessary to make large leaps.

ie: If you knew what you were talking about you wouldn’t even question for a moment what I said. Beause it’s the equivalent of saying the sky is blue.

1) The three world model at present is commonly restated as the developed(first) and developing(third) world. However, in econ and finance we use it to refer to nations that fall between first and third world countries in terms of their development status and economic indicators.
2) IQ is a perfect predictor of every measurable between countries. And that’s in no small part because IQ is a reflection of the relative sizes of the classes. The primary difference between countries, regions, and continents is the size of the underclass. A competitive advantage of advanced civilizations is the “smart fraction”. For example, Japan has a half SD increase over the USA. But with ~40% of the population. This means the number of ‘smart people’ (over 125 capable of engineering, technology, and science ) is biased in favor of Japan. And while China is going through a similar IQ decline just as europeans have for the same reasons, there are reasons why china has not only large numbers but larger numbers of engineers (whole cities).
3) FWIW: and I don’t particularly like knowing this, the rate decline of basic logical cause and effect under 105 accelerates rapidly to the point where by 85 it all but doesn’t exist. At present (and we see this) that means a sixth of the population is not regularly employable in and advanced economy. And as automation increases the displacment will continue. So much so that we already can’t fill the low level technical jobs we have open, and we are going through the greatest (re)industrialization since the second world war as globalism and global trade collapse given our loss of comparative advantage in production.
4) Lesser developed cultures are largely lesser developed because the size of the classes unable to learn and compete in global trade sufficient to produce other than a local consumption economy, and so cannot produce sufficient surpluses to invest in capital structures necessary to make large leaps.

ie: If you knew what you were talking about you wouldn’t even question for a moment what I said. Beause it’s the equivalent of saying the sky is blue.

Reply addressees: @ikepigott @KiwiBreeder