Curt Doolittle

Theme: Incentives

  • It’s amazing how slow service is at some restaurants until you start to walk out

    It’s amazing how slow service is at some restaurants until you start to walk out without paying. Then all of a sudden it seems like customer service is more important than chit chat. Walked out day before yesterday but left paid bill without tip on the front desk.

    Why is it that you have time to chase me for the bill, but not time to come to my table?

    Source date (UTC): 2014-08-17 14:58:00 UTC

  • UKRAINIAN WIFE’S POV: “A man can have as many mistresses and pets as he wants, a

    UKRAINIAN WIFE’S POV:

    “A man can have as many mistresses and pets as he wants, as long as he doesn’t spend the family budget on them.”

    Source date (UTC): 2014-08-16 05:38:00 UTC

  • Why Do We Keep Hearing That Production In America Is Now A Pipe Dream Since It Is So Much Cheaper To Produce Abroad? Wasn’t This The Case Throughout Much Of America’s History?

    Americans still produce. Since 1972 the cost per unit has been steadily increasing. And america still produces complex goods. And inly complex goods that require increasingly skilled labor. However, from the civil war onward, America produced cheap goods because of cheap land and labor – so much so that it caused the european depression if the 1870s as prices and labor collapsed in europe. So the rest of the world, by converting from communism to capitalism, has done to ameruca what ameruca did to europe. 

    As such, we cannot produce jobs for american laborers. And so our labor pool is increasing while our economic ability to create jobs for labor is decreasing. 

    The solution is autarkic. But that has ewually dangerous insequences.

    We won the battle with world communism.  We may or may not win the battle with world Islamism. Which is the same battle in different words.

    But in foung so we gave up our privileged position in the world economy.

    Had we retained our homogeneity our high trust woukd have been our advantage.  But that is dissipating as well. 

    The future doesnt look politucally positive even if it looks technologically positive.

    https://www.quora.com/Why-do-we-keep-hearing-that-production-in-America-is-now-a-pipe-dream-since-it-is-so-much-cheaper-to-produce-abroad-Wasnt-this-the-case-throughout-much-of-Americas-history

  • Capitalism: Why Are Investors And Shareholders Profitseekers Alone?

    They are not.

    The data clearly demonstrates that companies operate at the minimum profitability that is tolerated by creditors, and that employees and management seek the highest extraction possible that creditors will tolerate. 

    Government bureaucrats demonstrate exactly the same behavior, but government, because it is a monopoly cannot be ‘corrected’ by the forces of competition, or in practice, by law, and therefore companies tend to have very short life spans, and even very big and successful companies have very short periods at the top, where governments can persist as corrupt enterprises indefinitely.

    https://www.quora.com/Capitalism-Why-are-investors-and-shareholders-profitseekers-alone

  • Capitalism: Why Are Investors And Shareholders Profitseekers Alone?

    They are not.

    The data clearly demonstrates that companies operate at the minimum profitability that is tolerated by creditors, and that employees and management seek the highest extraction possible that creditors will tolerate. 

    Government bureaucrats demonstrate exactly the same behavior, but government, because it is a monopoly cannot be ‘corrected’ by the forces of competition, or in practice, by law, and therefore companies tend to have very short life spans, and even very big and successful companies have very short periods at the top, where governments can persist as corrupt enterprises indefinitely.

    https://www.quora.com/Capitalism-Why-are-investors-and-shareholders-profitseekers-alone

  • (Deny parasitism, deny consumption, force production and capital accumulation.)

    (Deny parasitism, deny consumption, force production and capital accumulation.)

    Source date (UTC): 2014-08-10 06:48:00 UTC

  • Is anyone else a late adopter? I have no interest in early adoption. Too costly

    Is anyone else a late adopter? I have no interest in early adoption. Too costly in time. Bad return. Better to let the market do the R&D and select the best once established. But I mean, Viber is awesome. 🙂 Wish I was an earlier adopter. 🙂

    Source date (UTC): 2014-08-06 05:21:00 UTC

  • DAILY MISSION TO SWAP DECREASED HUMAN CAPITAL FOR SORT TERM CONSUMPTION You do r

    http://www.nytimes.com/2014/08/05/upshot/why-is-the-economy-still-weak-blame-these-five-sectors.html?smid=tw-shareNYT’S DAILY MISSION TO SWAP DECREASED HUMAN CAPITAL FOR SORT TERM CONSUMPTION

    You do realize that the NYT is all about Critique right? That western civilization produces the worlds greatest commons, and that the Cosmopolitans have been trying to force us to increase consumption and therefore profit the merchants and bankers, at the expense of constructing our competitive advantage: our ability to create commons by denying short term consumption.

    (I figured it out you know. Aristocratic Egalitarianism : The Only People Who Could Make Voluntary Commons)

    Source date (UTC): 2014-08-05 02:05:00 UTC

  • YA DEPARTMENT: CASH FOR CLUNKERS PRODUCED THE OPPOSITE EFFECT

    http://www.aei-ideas.org/2014/08/oops-obamas-cash-for-clunkers-program-actually-lowered-total-new-vehicle-spending/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+aei-ideas%2Feconomics+%28AEIdeas+%C2%BB+Economics%29TOLD YA DEPARTMENT: CASH FOR CLUNKERS PRODUCED THE OPPOSITE EFFECT

    http://www.aei-ideas.org/2014/08/oops-obamas-cash-for-clunkers-program-actually-lowered-total-new-vehicle-spending/

    Source date (UTC): 2014-08-05 02:02:00 UTC

  • SEEMS THEY TOOK A RISK” —- – Of the Forbes 400 from 1987, 327 people have drop

    http://www.aei-ideas.org/2014/08/how-did-superrich-americans-become-superrich-americans/”IT SEEMS THEY TOOK A RISK”

    —-

    – Of the Forbes 400 from 1987, 327 people have dropped off the list. Of the remaining 73 people, those with the highest annual rates of return are generally self-made entrepreneurs and investors—not heirs—with an average annual real rate of return of 5.6 percent over the last 26 years.

    – The rate of return for the Forbes 400 as a whole, 2.4 percent, is roughly equal to Piketty’s estimated returns for the entire population.

    – Wealth today is largely generated by entrepreneurial skill, with the number of entrepreneurs on the Forbes 400 list rising from 40 percent in 1982 to *****69 percent in 2011*****.

    – The role of inheritance has diminished over the last generation; the share of the Forbes 400 that grew up wealthy has fallen from 60 percent in 1982 to 32 percent today.

    —-

    Source date (UTC): 2014-08-05 01:56:00 UTC