Source: Original Site Post

  • What Are The Hard Truths That People Don’t Like To Admit About Themselves?

    • 80% of people are in the bottom 80% of people.
    • <20% of people organize the bottom 80%.
    • <1% of people organize the remaining top 20%.
    • <.1% of people are ‘important’ to organizing the top 1%.
    • People are not intrinsically valuable, because labor is not intrinsically valuable.
    • We are compensated by others for our ability to use incentives to organize increasing numbers people.
    • About 1/3 of people at the bottom are a dead weight on the remaining 2/3 of people.
    • In other words, with rare exceptions, you are important only to the degree you do not harm or interfere with the 20% of people that matter.
    • the people that matter most are those that prevent everyone from impeding, acting parasitically upon, or preying upon, others: the sheriffs the judges – without whom the competition between parasitism and cooperation balances in favor of corruption.

    https://www.quora.com/What-are-the-hard-truths-that-people-dont-like-to-admit-about-themselves

  • How Long Will It Take For China To Be Economically Superior To America?

    In gdp? Or in per capita gdp? Per capita? NEVER.

    https://www.quora.com/How-long-will-it-take-for-China-to-be-economically-superior-to-America

  • What Are The Hard Truths That People Don’t Like To Admit About Themselves?

    • 80% of people are in the bottom 80% of people.
    • <20% of people organize the bottom 80%.
    • <1% of people organize the remaining top 20%.
    • <.1% of people are ‘important’ to organizing the top 1%.
    • People are not intrinsically valuable, because labor is not intrinsically valuable.
    • We are compensated by others for our ability to use incentives to organize increasing numbers people.
    • About 1/3 of people at the bottom are a dead weight on the remaining 2/3 of people.
    • In other words, with rare exceptions, you are important only to the degree you do not harm or interfere with the 20% of people that matter.
    • the people that matter most are those that prevent everyone from impeding, acting parasitically upon, or preying upon, others: the sheriffs the judges – without whom the competition between parasitism and cooperation balances in favor of corruption.

    https://www.quora.com/What-are-the-hard-truths-that-people-dont-like-to-admit-about-themselves

  • “There will be no “reset” after post-80s busts, as the booms were all financiall

    —“There will be no “reset” after post-80s busts, as the booms were all financially engineered by banks: they amounted to net transfers of wealth to financial institutions and the underlying rich. The development of the mass internet is an exception: but ultimately — in the complete vacuum of national policy dealing with its externalities — it’s a mass net destroyer of social productivity and cohesion, and a mere reorganizer of social utility with objectively dangerous characteristics.”– Joel Katz
  • “There will be no “reset” after post-80s busts, as the booms were all financiall

    —“There will be no “reset” after post-80s busts, as the booms were all financially engineered by banks: they amounted to net transfers of wealth to financial institutions and the underlying rich. The development of the mass internet is an exception: but ultimately — in the complete vacuum of national policy dealing with its externalities — it’s a mass net destroyer of social productivity and cohesion, and a mere reorganizer of social utility with objectively dangerous characteristics.”– Joel Katz
  • “There’s a deeper thread here. Possibly all these premia (American Windfalls) wo

    —“There’s a deeper thread here. Possibly all these premia (American Windfalls) would not have been so wasted if a genuine socio-political transformation had occurred, and not just various technological ones. It’s one reason the left is so pathetic, because they’re anachronistic — clamoring for social change as if the surplus of the 60s still existed.”— Joel Katz
  • “There’s a deeper thread here. Possibly all these premia (American Windfalls) wo

    —“There’s a deeper thread here. Possibly all these premia (American Windfalls) would not have been so wasted if a genuine socio-political transformation had occurred, and not just various technological ones. It’s one reason the left is so pathetic, because they’re anachronistic — clamoring for social change as if the surplus of the 60s still existed.”— Joel Katz
  • Everyone assumes that changing one variable or another will lead to equality but

    Everyone assumes that changing one variable or another will lead to equality but equilibration rules and it’s simply turning out that we have made a world excellent for women to work in and that we must find something else interesting to do – like conquer and rule. 😉