Curt Doolittle

Theme: Incentives

  • The Lack Of Women CEO’s and Women Founders – The Myth of Social Justice

    —“Very inspiring and encouraging for me, after reading how rarely angels and venture capitalists fund women founders. There’s hope for me, even if the suits are sexist! Fighting for social justice online: how can we use the Internet to make the world a better place? “— Charlotte A.

    [S]tatistics are Statistics. Data is Data. Fact is Fact.

    Few women will pay the dear price in time, stress, health, family, friends, risk, and life demanded of high growth businesses. Few women endear the kind of loyalty required of risk taking-talent marginally superior enough to crate a marginally superior product or service. Few women choose to operate in markets that are competitive, technical, novel, with business models that are marginally different. Few women argue entirely empirically and entirely from incentives. Few women can make a man trust them with large amounts of money that he has been entrusted with by others. Women do, but few women do. So, it is not a matter of justice but of empirical evidence. And arguing otherwise merely disqualifies you from receiving investment. People with money and responsibility that they have been entrusted with by others to make objective decisions cannot betray that trust by preferring to invest in your business idea versus the business idea of someone who does not make those same mistaken assertions. And I say this only because whomever has given you an education has done you a tragic disservice. We do not invest in religious doctrine. Investment is a science of eliminating error, bias, wishful thinking, and deceit from business hypotheses, leaving only survivable business models as candidates. And betting upon people who demonstrate error, bias, wishful thinking, and deception (including self-deception), is unscientific. Investors do not bet on any form of mysticism — including the myth of social justice. (A term which both Socrates and Hayek have demonstrated, does itself not survive critical and empirical analysis.) You should be angry at the people who lied to you. Not the people who will not perpetuate the lies that were told to you. In investments, everyone has one color, creed, and gender: money. And investment is more color, creed and gender blind than Lady Justice ever dreamed of being. Curt Doolittle The Propertarian Institute Kiev, Ukraine

  • The Lack Of Women CEO’s and Women Founders – The Myth of Social Justice

    —“Very inspiring and encouraging for me, after reading how rarely angels and venture capitalists fund women founders. There’s hope for me, even if the suits are sexist! Fighting for social justice online: how can we use the Internet to make the world a better place? “— Charlotte A.

    [S]tatistics are Statistics. Data is Data. Fact is Fact.

    Few women will pay the dear price in time, stress, health, family, friends, risk, and life demanded of high growth businesses. Few women endear the kind of loyalty required of risk taking-talent marginally superior enough to crate a marginally superior product or service. Few women choose to operate in markets that are competitive, technical, novel, with business models that are marginally different. Few women argue entirely empirically and entirely from incentives. Few women can make a man trust them with large amounts of money that he has been entrusted with by others. Women do, but few women do. So, it is not a matter of justice but of empirical evidence. And arguing otherwise merely disqualifies you from receiving investment. People with money and responsibility that they have been entrusted with by others to make objective decisions cannot betray that trust by preferring to invest in your business idea versus the business idea of someone who does not make those same mistaken assertions. And I say this only because whomever has given you an education has done you a tragic disservice. We do not invest in religious doctrine. Investment is a science of eliminating error, bias, wishful thinking, and deceit from business hypotheses, leaving only survivable business models as candidates. And betting upon people who demonstrate error, bias, wishful thinking, and deception (including self-deception), is unscientific. Investors do not bet on any form of mysticism — including the myth of social justice. (A term which both Socrates and Hayek have demonstrated, does itself not survive critical and empirical analysis.) You should be angry at the people who lied to you. Not the people who will not perpetuate the lies that were told to you. In investments, everyone has one color, creed, and gender: money. And investment is more color, creed and gender blind than Lady Justice ever dreamed of being. Curt Doolittle The Propertarian Institute Kiev, Ukraine

  • We incentivize man to engage in productive rather than parasitic action. That is

    We incentivize man to engage in productive rather than parasitic action. That is the history of civilization.

    Source date (UTC): 2015-11-07 08:27:24 UTC

    Original post: https://twitter.com/i/web/status/662909199471521792

    Reply addressees: @DIA_operative

    Replying to: https://twitter.com/i/web/status/662656207094575105

    IN REPLY TO:

    @DIA_operative

    @curtdoolittle If immorality is more fruitfully incentivized than morality then it’s likely men will defect, given an imperfect world.

    Original post: https://twitter.com/i/web/status/662656207094575105

  • Unless you’re trying to make the claim that consumption is an intrinsic good sup

    Unless you’re trying to make the claim that consumption is an intrinsic good superior to all other goods.

    Source date (UTC): 2015-11-06 15:28:08 UTC

    Original post: https://twitter.com/i/web/status/662652695711522816

    Reply addressees: @DIA_operative

    Replying to: https://twitter.com/i/web/status/662643866063892480

    IN REPLY TO:

    @DIA_operative

    @curtdoolittle Except you’ve only ‘proven’ that trade can run at a loss, which is part of the process. Freed capital is an intrinsic good.

    Original post: https://twitter.com/i/web/status/662643866063892480

  • Freed capital is a general rule not an intrinsic good. Accumulating capital is a

    Freed capital is a general rule not an intrinsic good. Accumulating capital is an equally intrinsic good.

    Source date (UTC): 2015-11-06 15:26:08 UTC

    Original post: https://twitter.com/i/web/status/662652192294326272

    Reply addressees: @DIA_operative

    Replying to: https://twitter.com/i/web/status/662643866063892480

    IN REPLY TO:

    @DIA_operative

    @curtdoolittle Except you’ve only ‘proven’ that trade can run at a loss, which is part of the process. Freed capital is an intrinsic good.

    Original post: https://twitter.com/i/web/status/662643866063892480

  • Fallacy of Free Trade Absolutism (Libertarian Contrarianism of the Day)

    https://t.co/CP349kHro1The Fallacy of Free Trade Absolutism (Libertarian Contrarianism of the Day)

    Source date (UTC): 2015-11-06 09:32:00 UTC

  • ON THE FALLACY OF FREE TRADE ABSOLUTISM (very important piece) (this will ruffle

    ON THE FALLACY OF FREE TRADE ABSOLUTISM

    (very important piece) (this will ruffle some feathers)

    The three means of coercion can be used for good or ill.

    1) Violence can be used to create property rights and prosperity or it can be used to conduct parasitism predation and destruction.

    2) Gossip can be used to reward contributors to the commons with opportunity for cooperation and mates, or it can be used to lie, cheat, deceive, rally, shame, and justify parasitism, or instill violence.

    3) Trade can be used to increase prosperity for all by accumulating genetic, knowledge, physical and institutional capital, or to destroy the either the producer’s or the consumer’s economy by causing the depreciation of genetic, knowledge, physical, and institutional capital.

    Trade is no more an INTRINSIC good, than is violence or gossip.

    That is the end of it. Trade is nor more a good than violence or gossip. The only determinant of the morality or immorality of trade is whether capital is accumulated or destroyed in the process of production, distribution, trade and consumption, and whether the transfers were voluntary.

    ***This is what I call the requirement for “full accounting” in any truthful (moral) argument. Without full accounting someone is undoubtably lying. General rules expressed without limits are used as means of suggestion by which to deceive the altruistic mind. Free Trade is as much a folly as Autarky. Free Trade is yet another cosmopolitanism by which to rely on suggestion in order to conduct parasitism.***

    This argument is finished. Cosmopolitan Libertarian absolutism is finished. Libertine libertarianism is finished. It is a dead ideology. I have killed it – forever. And I have demonstrated as thoroughly as any man can, that the only possible liberty from which we obtain our prosperity is TRUTHFUL COOPERATION: The productive, fully informed, warrantied, voluntary exchange of property-en-toto, free of imposition of costs by externality, wherein our statements survive tests of identity (non conflation), internal, consistency, external correspondence, existential possibility, parsimony, limits, full accounting, and voluntary exchange.

    Children require virtue ethics, because they can but imitate. The young require rule ethics because they lack experience. The adult requires outcome ethics because otherwise he can use rules to obscure his frauds. Any ethical claim must hold to all THREE forms of ethic:

    a) virtue: should every man do this, the outcome would be moral

    b) rule: should every man obey this rule, the outcome would be moral.

    c) outcome: should every man do this, the outcome would be moral.

    It is not that one ethical method supersedes any other. It is that we can only expect the child to imitate, the young to obey rules, and the old to obey experience. As such we tolerate greater error from the child, than the young, and least from the experienced. It is not that any ethical method produces greater results. It is that each method requires making full use of the knowledge that each actor possesses, and that as long as he acts according to those principles, that we forgive him for his failures.

    Curt Doolittle

    The Philosophy of Aristocracy

    The Propertarian Institute

    Kyiv, Ukraine

    Source date (UTC): 2015-11-06 09:30:00 UTC

  • POLITICAL ECONOMIST’S ANALYSIS: (Important concept) 1) Yes, global inequality on

    http://techcrunch.com/2015/11/03/marc-andreessen-and-sheryl-sandberg-tech-is-not-driving-income-inequality/A POLITICAL ECONOMIST’S ANALYSIS:

    (Important concept)

    1) Yes, global inequality on a COUNTRY by COUNTRY level is declining (profoundly). This is because few countries fail to adopt and practice consumer capitalism (the voluntary organization of production distribution and trade, made possible by fiat money and credit: the use of shares in the nation’s government as a money substitute.)

    2) BUT, as a consequence, the FIRM that you work for is now more influential than your COUNTRY in determining your relative income.

    *If you let that sink in, it will profoundly alter your perception of the world. The west developed rule of law (instead of rule by law), property rights, contract law, accounting, banking, credit, interest, fiat money, fiat credit, high-trust, and consumer capitalism – but like any technology, this consumer capitalism is open to adoption. Furthermore, it is this consumer capitalism that is the origin of western relative prosperity, and democracy is an expensive luxury good made possible by consumer capitalism and high trust. The west will continue to prosper as long as high-trust is preserved. But, preservation of this high trust – the extension of kinship trust to customers and neighbors – is incompatible with current political doctrine. Small homogenous scandinavian countries on the edge of a wet continent with no hostile borders, and no competitors are not role models – they are outliers.*

    Curt Doolittle

    The Philosophy of Aristocracy

    The Propertarian Institute

    Kiev, Ukraine

    Source date (UTC): 2015-11-05 05:40:00 UTC

  • is merely unsophisticated and lacks understanding of the construction business i

    http://www.nydailynews.com/opinion/tama-starr-ugly-art-trump-deals-article-1.2422470?utm_content=buffer54c86&utm_medium=social&utm_source=facebook.com&utm_campaign=bufferShe is merely unsophisticated and lacks understanding of the construction business in which the majority of players are scamming the developer – the one who has the money. The developer’s rational strategy is to force all parties into negotiations post delivery. In general the rule of thumb is that profitability of construction is obtained in court.

    This is very similar to international relations where no parties deal ethically and most have little concept of it and many see ethics as stupidity.

    That is why trump is the perfect man for this stage of Americas development.

    Curt Doolittle, the Propertarian Institute, Kiev Ukraine.

    Source date (UTC): 2015-11-04 16:13:00 UTC

  • Personal Tax Annoyance of the Day: That those of us with low liquidity are taxed

    Personal Tax Annoyance of the Day:

    That those of us with low liquidity are taxed at the same rate as those with high liquidity. If we are to have progressive taxation, then lets tax progressively by liquidity. If we are to have income taxes, then lets not tax by year but by the production cycle.

    Source date (UTC): 2015-11-04 12:14:00 UTC