(I studied fine art. I think four of us were straight in the whole college of art. lol. I don’t have a problem with preference. I have a problem with the externalities on society that people of preferences seem to demand. )
Source date (UTC): 2020-01-24 22:00:00 UTC
Another axis of causality is the difficulty in cooperating on externalities, when it’s the collective sum of externalities that produces scale returns on cooperation (trust, velocity, tolerance).
Source date (UTC): 2020-01-24 12:54:57 UTC
Original post: https://twitter.com/i/web/status/1220691458258296832
Reply addressees: @DegenRolf
Replying to: https://twitter.com/i/web/status/1220365382441226241
IN REPLY TO:
@DegenRolf
Robin Dunbar argues that religion evolved to allow humans to live together in previously unknown large-scale communities without killing each other. https://t.co/gyUNYBdBxr https://t.co/lWSgDVdT1Q
Original post: https://twitter.com/i/web/status/1220365382441226241
Another axis of causality is the difficulty in cooperating on externalities, when it’s the collective sum of externalities that produces scale returns on cooperation (trust, velocity, tolerance).
We make many decisions every day that can be biased for or against the group interest regardless of cost to us.
Likewise hostile groups within a polity can bias their decisions against the host people’s interests.
This is how social warfare is conducted: undermining.
Source date (UTC): 2020-01-24 07:57:00 UTC
HAMSTER WHEEL OF URBAN ECONOMICS
Proximity decreases opportunity costs (time).
Decreases in opportunity costs increase transactions.
Increases in transactions increase monetary velocity.
Monetary velocity increases possibility of consumption.
Increases in consumption increase possibility of taxation.
Increase in taxation increase possibility of commons.
Increases in commons produce increases in demand for use (if not consumption)
Increase in use of commons creates demand for government
Increase in demand for government create increases in opportunities for rent.
Increase in opportunity for rent increase rents.
Increases in rents decrease opportunity for commons and consumption
and… you see where this goes.
There is greater incentive and control in accessing rents than in creating or using commons or production.
As in all cases rents accumulate until maintenance of commons is impossible
Incomes decline.
Rents and debt remain.
Top margin leaves.
Leaving only extractors (financial sector), and rent extractors (dependence and the state).
Finally the major industries leave.
And that’s it.
Urban death follows.
The only possibility is external wealth, such as byzantium could extract as trade moved through the narrow straights.
This is why the middle east is a disaster.
It evolved to specialize in parasitism not production.
When the trade route fell because of the age of sail it was dark ages for them, just as the muslim destruction of mediterranean trade caused the economic dark ages in europe.
The Hamster Wheel of economics.
Source date (UTC): 2020-01-05 17:20:00 UTC
The most controversial proposition is to extend progressive taxation such that we tax by density because density decreases opportunity costs.
Source date (UTC): 2020-01-04 11:21:00 UTC
WHY THE AUTO INDUSTRY?
by James Santagata
Here is a simply application of the P macro Framework (parasite suppression, denial of cost shifting/externalities, markets in everything).
As I… https://www.facebook.com/permalink.php?story_fbid=538487556748139&id=100017606988153
Source date (UTC): 2019-12-26 02:03:38 UTC
Original post: https://twitter.com/i/web/status/1210018298919829506
WHY THE AUTO INDUSTRY?
by James Santagata
Here is a simply application of the P macro Framework (parasite suppression, denial of cost shifting/externalities, markets in everything).
As I pointed out earlier, 60% of the US deficit was vehicles, vehicle parts, oil/energy products.
Why? US automakers got slammed three way in the 1970s – first was the oil crisis – which really was retaliation by Arabs for the US supporting Israel’s pre-emptive attacks on Arabs during the Yom Kippur war – Arabs tanks were about to overrun Israel but US military supplies kept the Israelis armed – in response OPEC and the US consumers paid over $1 trillion at the pumps.
If you adjust for opportunity cost and present dollars, it is around $2 to $2.5 trillion impact on the US. At the same time, this killed our beloved muscle car industry over night. And put all automakers at risk. Because this was not a normal, long term cost shifting but short term hits against capital intensive industries with major tooling costs and lead time needed for new cars.
So at that time, US auto makers started to make adjustments, and were also hit with government regulations, DOT, CAFE, and NRLA for unions. they were squeezed dry but rather than fight back, they figured, we will just cost shift onto the backs of consumers – and that worked, until the US consumers found better cars at at fraction of the operating cost in terms of reliability and operation – gas. Japanese.
By then automakers couldn’t responds, some Honda’s like CVCC were selling for 2x and 3x sticker price! And our energy industry couldn’t respond as environmentalists blocked all the domestic drilling and nuke plants. This resulted in the destruction of Detroit, Ohio, Penn, for cars, car parts, suppliers, and steel. Beyond that, any other industry would back fill – like in silicon valley.
Ashton Tate to IBM DBs, to Informix, to Siebel to FoxPro to Oracle, competitors swarm, winners win, only to evolve or get replaced themselves – but the US stays on top of those markets – databases, CRM, semiconductors, etc. etc.
But not in automotive. Super high barriers due to government parasitism and cost shifting. DOT, NTSB, CAFE, NLRA, etc. crush all that industry by industry.
Source date (UTC): 2019-12-25 21:03:00 UTC
Ezra – What’s your take (or position), on the disruption caused by Amazon? I can’t make a negative argument other than a) taxation b) Impact on relationship between shopping socialization and manners, c) and strategic fragility. None of which are convincing.
Source date (UTC): 2019-12-18 23:24:40 UTC
Original post: https://twitter.com/i/web/status/1207441581118304257
Reply addressees: @ezraklein
Replying to: https://twitter.com/i/web/status/1207434207653285888
IN REPLY TO:
@ezraklein
Lots of fascinating charts in here, but this one, showing the sharp rise in public companies calling Amazing a “risk factor,” is particularly striking https://t.co/qnh8l4oRC9 https://t.co/4Viq4c4N2C
Original post: https://twitter.com/i/web/status/1207434207653285888
4) What is the demarcation between productive voluntary transfer and rent seeking? 5) What is the demarcation between profitability, productivity, and privatization of commons, socialization of losses? Libertarianism=private property marxism. Communism=common property marxism.
Source date (UTC): 2019-12-17 17:22:08 UTC
Original post: https://twitter.com/i/web/status/1206987959607672833
Reply addressees: @ChristaylorBrwn @dallas101346 @PeterSchiff @realDonaldTrump
Replying to: https://twitter.com/i/web/status/1206987165898563584
IN REPLY TO:
Unknown author
@ChristaylorBrwn @dallas101346 @PeterSchiff @realDonaldTrump You know, all libertarian tropes are half truths that use the abrahamic technique of deception, to bait you into hazard.
1) How do you distinguish productive from parasitic transfers? 2) how do you prevent externalities? 3) Can private capital produce returns on 20+ yr horizons?
Original post: https://x.com/i/web/status/1206987165898563584
IN REPLY TO:
@curtdoolittle
@ChristaylorBrwn @dallas101346 @PeterSchiff @realDonaldTrump You know, all libertarian tropes are half truths that use the abrahamic technique of deception, to bait you into hazard.
1) How do you distinguish productive from parasitic transfers? 2) how do you prevent externalities? 3) Can private capital produce returns on 20+ yr horizons?
Original post: https://x.com/i/web/status/1206987165898563584
You know, all libertarian tropes are half truths that use the abrahamic technique of deception, to bait you into hazard.
1) How do you distinguish productive from parasitic transfers? 2) how do you prevent externalities? 3) Can private capital produce returns on 20+ yr horizons?
Source date (UTC): 2019-12-17 17:18:59 UTC
Original post: https://twitter.com/i/web/status/1206987165898563584
Reply addressees: @ChristaylorBrwn @dallas101346 @PeterSchiff @realDonaldTrump
Replying to: https://twitter.com/i/web/status/1206985387589165057
IN REPLY TO:
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Original post: https://twitter.com/i/web/status/1206985387589165057