Theme: Institution

  • We are in the early phases of seeing Google, Facebook, Amazon transition into ut

    We are in the early phases of seeing Google, Facebook, Amazon transition into utilities that will be as regulated as any other, and in ways microsoft avoided but they will not. Even if it is microsoft that has been far more evil by intent than Google and Amazon. I still consider FB pretty borderline anti-western.


    Source date (UTC): 2017-06-27 22:36:00 UTC

  • THE UKRAINIAN LEGAL SYSTEM Legal system? You have uncles, brothers, cousins, and

    THE UKRAINIAN LEGAL SYSTEM

    Legal system? You have uncles, brothers, cousins, and friends. Why do you need a legal system? 😉 (as it should be.)

    They have at least criminal, civil, state, and human rights courts. IN other words, aside from our criminal and civil, you can legally petition the state if you’re unjustly served by the state. (something we don’t have but need – desperately).

    The law has been upgraded to match european laws in most cases as of 2010. The problem isn’t the law or the lawyers but the judges – all of whom are corrupt. (as are their staffs).

    Business law is fine other than it’s too hard to produce international contracts. usually you write two columns (one english, one russian or ukrainian), and there are translators who perform that service for you.

    There is still some lagging soviet shit like the requirement that you are ‘registered’ to a physical address. And this is punitive and archaic everywhere and a great source of corruption. It’s a holdover from state-allocated-property.

    The cops in my experience are more like our sheriff’s. They aren’t messianic like our cops. they just want to ‘restore harmony’. I love ukrainian police and have had nothing but good experiences with them. Especially the younger generation.

    Their courts are pay-as-you-go corrupt. Their prisons hell holes that you do not come out of alive. Everyone knows this is the central problem in ukraine. Why? a judge makes $700 per month. Right? and they are often the wealthiest people in the community. Right? The USA offered to take over the payroll of the entire Ukrainian Judiciary. This would have fixed the problem. Ukrainian government refused. Why? ’cause you know why.

    If you don’t engage in predatory crime you will never have a reason to need a cop or the legal system. Even car accidents, are just a matter of negotiating the cash cost of repairs on site.

    But if you get on the wrong side of the law – or even get hostile with a cop – you are in… well. I would never want to get into the system over there. You are lucky to come out of it alive. Seriously. They are’t animals like the muslims but it’s a poor country and criminals are at the end of the line.

    More importantly, *the government really hates prosecuting foreigners* for paper crimes, and to some degree you are safer as a foreigner for it. In many cases you need very high level approval to prosecute a foreigner. As high as the office of the presidency. The reason being that the soviets (and the russians still do it) were notorious for fabricating charges in order to extort money from foreigners. And Ukraine can’t afford any of that – at all.


    Source date (UTC): 2017-06-26 10:57:00 UTC

  • BLOCKCHAIN DREAMS (from elsewhere) (It’d be interesting to talk about my positio

    BLOCKCHAIN DREAMS

    (from elsewhere)

    (It’d be interesting to talk about my position of the future of blockchain, and multiple currencies, and the unlikelihood of any ‘libertarian’ vision that circumvents payment for transactions that finance the insurer of last resort for finance and trade. There is value in saving outside of the fiat currency – particularly in fractional shares of commodity money (gold/silver/platinum). But fiat currency will not go away. And the near impossibility of converting digital currency to real world goods, services, and information, is only going to get worse. So I view the current status of blockchain as the state refraining from interference in order to fund off-book research and development of more effective poly-fiat currencies. After all, the central problem the state faces is it needs to produce multiple fiat currencies that are tradeable for only subcategories of goods and services, and it needs to distribute them directly to individuals by bypassing the financial system, which serves as a distributor of fiat currencies unnecessarily. )

    Here is the deal. Won’t happen. Even the openness of the internet is going to end shortly. so the cowboy days of the internet wild west are coming to a close. We’re just funding the government’s R&D on post hard currency direct from the treasury, bypassing the financial sector. And nothing more.


    Source date (UTC): 2017-06-26 10:06:00 UTC

  • As a longer term bit of strategy, I want the movement to be less about me, and m

    —As a longer term bit of strategy, I want the movement to be less about me, and more about the team and the idea. My agenda was to create a counter to the frankfurt school – a sort of ‘New Inquisition” against ignorance, error, bias, and deceit. A ‘cult’ of Prosecutors of Natural Law. And a group of specialists that provide historical expertise as needed to assist those prosecutors. So I would prefer to ‘go to market’ with that example, rather than just relying on myself. The purpose of the prosecutors is to function as a court that licenses the ‘activists’ to ‘act’. I do not want to be a gate nor do I want a movement dependent upon me. I will be gone eventually. The movement must persist. —


    Source date (UTC): 2017-06-25 07:41:00 UTC

  • by William L. Benge A COSTLY BUREAUCRACY Pagan Roman religion was, like nearly e

    by William L. Benge

    A COSTLY BUREAUCRACY

    Pagan Roman religion was, like nearly every aspect of anything Roman, an ordered, systematic, state-sponsored bureaucratic institution [and therefore fragile] featuring extremely costly: a) hierarchical priesthood, b) vassal virgins, c) real estate d) expensive garb e) special rites and rituals, traditions, the esoteric/exoteric, national holidays, and d) of course, taxes.

    WEALTH TRANSFER

    Emperors Constantine thru Justinian, eager to appropriate middle-class resources, convert Messiah-ism into statecraft.

    DIFFERENT GARB

    A revised Hellenism emerged featuring: a) hierarchical priesthood, b) vassal virgins, c) real estate d) expensive garb e) special rites and rituals, traditions, the esoteric/exoteric, national holidays, and d) of course, taxes.


    Source date (UTC): 2017-06-24 16:47:00 UTC

  • ARE HUMANS ALIKE? 1) The Wise make arguments to incentives and institutions 2) T

    ARE HUMANS ALIKE?

    1) The Wise make arguments to incentives and institutions

    2) The Fools make arguments to law and government

    3) The Youth make arguments to morality and shame

    4) The Children make arguments to approval and disapproval.

    1) we are alike ‘enough’ or we could not empathize.

    2) we are alike ‘enough in empathy that we can cooperate

    3) we are alike ‘enough’ that we can cooperate on means if not ends.

    4) we are unlike ‘enough’ to choose not to cooperate on means or ends.

    5) we are unlike ‘enough’ to conflict in ethics and politics

    6) we are unlike ‘enough’ that we war nearly constantly.

    7) we are unlike ‘enough’ to engage in culture-cide, and genocide.

    AFAIK,

    (a) median intelligence is proxy for neoteny (domestication) but not

    morality, and;

    (b) median intelligence determines demand for habits, norms, traditions and institutions, and ;

    (c) norms, traditions, and institutions determine the degree of trust that is possible even if unachieved, and;

    (d) the degree of trust determines the productivity of a polity relative to its competitors.

    Therefore

    (e) the standard of any polity is determined not by its best but by the size of its worst. In other words, the only way to improve a polity is the reduction of the scale of the underclasses.

    MARKET LIMIT

    The limit to all markets from commercial to reproduction to association, is whenever the benefit to the self, even in fully informed, productive, voluntary exchange, produces externalities that impose costs upon the retained capital (in all forms) of others.

    Ergo, there is a limit to free trade, and a limit to free association before one is merely profiting from the imposition of costs upon others while claiming one is virtuous.


    Source date (UTC): 2017-06-23 07:41:00 UTC

  • ON THE CURRENT STATE OF THE PSEUDOSCIENCE OF ACCOUNTING AND FINANCE (important)(

    ON THE CURRENT STATE OF THE PSEUDOSCIENCE OF ACCOUNTING AND FINANCE

    (important)(i don’t address this often enough)

    —“Curt, why do you say that accounting is fragile?”—

    Great Question.

    Our accounting systems have largely remained a technology of the era of their invention: the Age of Sail and Gold Standard with the production cycles of agrarian and international shipping.

    We still treat fiat money(shares in the state as a money substitute) as if it’s money proper (commodity money).

    If you want to make it simple:

    1) risk is not accounted for in accounting, reporting, or taxation, and is the inverse of reality.

    2) All accounting systems ‘launder’ money by pooling it, rather than tracing it.

    3) The financial system is archaic and predatory.

    4) Multiple audiences require different ‘distortions’ of management (true cash) accounting, yet we have no technical means (now) of producing those reports from a single act of data entry, because money is not traceable but pooled.

    5) Because of this accounting is far behind, terribly complex, and understates fragility (risk) dramatically.

    6) it is incredibly profitable for the state and the financial sector to preserve this universal deception that obscures the truth at the expense of the entrepreneurial, management, professional, craftsmanly, and laboring classes.

    GOVERNMENT DISTORTION

    Interference by Calendar (monthly) rather than Lunar (weekly) measurements.

    Interference and Distortion by Taxation and Double Taxation

    Interference and Distortion by taxes on dividends vs appreciation and loss.

    Interference by Amortization and Depreciation to maximize taxation.

    Lack of taxation by liquidity (personal, small cap, large cap) creates scale and fragility

    THE PROBLEM

    1) Business is volatile, management actions take time to produce results, and so risk is not accounted for in either accounting nor in taxation.

    2) Few capital intensive businesses, more knowledge and talent and customer-relationshp businesses, none of which the company can ‘own’ but the upper 10% of which constitutes its entire competitive difference, and persistence.

    3) R&D off book by small companies, profit by large companies that scale but buy smaller companies that do R&D.

    4) Few inter-decade (inter-generatinoal) companies, and larger networks of increasingly fragile self-organizing companies with less predicable outcomes.

    5) “Pensions” and liabilities (incalculable intergenerational transfers).

    6) Preferential treatment given to landlords and others during liquidation and those that have access to legal teams, on a first come first serve basis rather than by orderly payments. in other words, in financial duress the courts should have no recourse to cause preference in payments, and lender should “beware”.

    7) Vast, unimaginable, thefts on scales unheard of in history by manipulation of courts and financialization of agreements. (lender privilege rather than lender beware).

    8) Distribution of liquidity through the financial system to the benefit of the financial system yet running into the zero bound problem rather than distribution of liquidity directly to consumers to the benefit of the consumer and business sectors.

    9) The asymmetric power of lobbyists in funding political campaigns such that those attempts at reform since the 1980’s when the problems were first accepted, were

    10) Fallacy (and harm) of Common-Shareholder-as-owner which allows large financial interests to takeover companies, extend the risk, take profits and allow failure. (Same for george soros. Violates principle of productive voluntary fully informed and warrantied exchanges).

    What this all means is that the political, financial classes constantly extract money from the SMB space, the entrepreneur, the manager, the craftsman and the laborer by the gradual but constant transfer of risk downward, and the redistribution of gains upward, thereby institutionalizing the socialization of losses and privatization of gains.

    ACCOUNTING DISTORTION

    Management reporting (operating success), vs bank reporting(credit worthiness) vs tax reporting (taxation) vs investor reporting(balance sheet) vs stock market reporting (nonsense).

    The method of recording financial transactions and the work necessary to produce various reports for various audiences, means that accounting does what serves its interests, and the truth of the business is obscured from everyone and the viability of the going concern vastly overstated. There is too little algorithmic processing in accounting. it’s still manual or ‘macros’ (policies).

    Going Concern/Asset (credit) Value/ Tax Value / Liquidation Value. AFAIK the only ‘value’ proper is liquidation value, and that’s empirically the case. (In addition, conflating market CAP with market VALUE should be illegal. I would argue that PE ratio is the only )

    Selective Accounting (not measuring market potential vs debt). It is entirely possible to measure market capture and report it month to month and this is the best indicator of management performance, and management performance is nonsense without it.

    Conflating Operating from Non Operating Performance. Businesses should report on profit and loss from operations and produce separate profit and loss from capital operations, tax, credit, and shareholder reports from the same data.

    Eliminating intergenerational transfers. ie: there can be no post liquidation debts constructed – period, and no debts beyond the operating horizon of the business.

    Pooling (laundering) money – (obscuring) rather than tracing (transparency) There is no reason all financial transactions are not tagged and directed and traceable down to the penny (just as they are with Blockchain(bitcoin) transactions.

    IMPORTANT: My solution to this problem of pooling is to use blockchain ledgers on legally mandated financial categories so that each financial transaction inside an accounting system transfers ledger values, producing perfect transparency. This produces a perfect audit trail not open to ‘fudging’ which is so common.

    GOVERNMENT

    The government for example measures velocity but not capital. That’s what GDP does. Marylin Waring (a horrible feminist) at at least addresses the issue in the production of offspring. Mother’s production of children is a capital good. Yet we don’t account for it.

    Average age is a capital good.

    IQ is a capital good yet we don’t account for it.

    Personalities are a capital good but we don’t account for them.

    Trust is a capital good – perhaps the most important.

    Truth telling is a capital good – perhaps the most important.

    Rule of Law is a capital good – perhaps the most important.

    Monuments, parks, architecture (aesthetics) are a capital good.

    Work to Leisure ratio is a capital good.

    Savings are a capital good.

    Homogeneity of race and culture is a capital good.

    BLAME IT ON ACCOUNTING AS A PSEUDOSCIENCE

    We can easily say that the evils of the 20th century are produced by a combination of mathematical pseudoscience (keynesian economics) and monetary accounting (pseudoscience) because they both cherry pick consumption rather than changes in the state of capital

    Money is no longer money. Accounting no longer accounts. We are flying blind, and fragile, and burning down 1000 years of accumulated cultural capital.

    How do we separate science from pseudoscience?

    FULL INTERTEMPORAL ACCOUNTING OF OPPORTUNITY, COST, RISK, AND CONSEQUENCE.

    Is our accounting a science for the purpose of truth? Or is it a pseudoscience for the purpose of deceit?

    We know the answer.

    And we have known for twenty years how to fix the problem.

    Curt Doolittle

    The Propertarian Institute

    Kiev, Ukraine


    Source date (UTC): 2017-06-22 09:01:00 UTC

  • CAUSES OF POVERTY 1-The destruction of the family by divorce,common property, no

    CAUSES OF POVERTY

    1-The destruction of the family by divorce,common property, no fault marriage. (divorce makes both poorer permanently)

    2- The rapid expansion of single motherhood. 70black/50hisp/30%wht.

    3-The import of as much as a third of the third world’s underclass. The single most important means of increasing your people’s standard of living is eliminating the underclasses. That’s just all there is to it.

    4-The financialization of the economy and extraction of rents via interest on fiat money.

    5-The outsourcing of labor to avoid un-payable pensions demanded by unions.

    6-The decline in education, particularly grammar, logic, and rhetoric, and history and geography.

    7- The infantilization of three consecutive generations in postmodern classrooms.


    Source date (UTC): 2017-06-20 22:15:00 UTC

  • BOOKS ON THE PRESS (left wing slant) The Image: A Guide to Pseudo-Events in Amer

    http://observer.com/2017/01/these-books-explain-the-media-nightmare-we-are-supposedly-living-in/INTERESTING BOOKS ON THE PRESS

    (left wing slant)

    The Image: A Guide to Pseudo-Events in America by Daniel Boorstin In 1960, before talk radio, before Fox News or blogs, Boorstin wrote a scathing indictment of the deliberately false reality molded around us by our media culture. Consider the constant talk of “the narrative” in media, the way we cover premieres and press conferences. These are not real things—they become real only by nature of their media coverage. And the public plays its role in the farce. Boorstin was the Librarian at the Library of Congress—he knows his history and he knows what matters. You can’t read this book without beginning to see the ways you are manipulated by politicians and organizations on a daily basis.

    Amusing Ourselves to Death: Public Discourse in the Age of Show Business / Technopoly: The Surrender of Culture to Technology by Neil Postman The spiritual sequel to The Image is Amusing Ourselves to Death. Postman says that culture conforms to fit the constraints of its dominant cultural medium. In his era it was television—which meant compelling visual events, developing stories you must stay tuned for, it meant style and appearance over actionable information. You realize that the last thing we have to fear is a malicious Orwellian news industry, because what we have is so much worse: culture incentivized to be as shallow, fabricated and captivating as possible, at the expense of what is actually real or true or meaningful. Technopoly, Postman’s next book, is equally compelling; it tells us why the inventors of a technology are absolutely the worst people to listen to when it comes to deciding how to use it.

    The Filter Bubble by Eli Pariser In The Filter Bubble, Eli Pariser warns of the danger of living in bubbles of personalization that reinforce and insulate our worldview. Pariser is a great media thinker and has also written some important work recently on fake news. The only criticism one might have of the filter bubble is that his creations, Moveon.org and Upworthy are hugely responsible for creating their own versions of the problem.

    Getting It Wrong: Ten of the Greatest Misreported Stories in American Journalism by W. Joseph Campbell The media loves to puncture every myth but its own. Even some of the most seminal books on media repeat easily disprovable myths like Hearst’s “you furnish the pictures, I’ll furnish the war,” Edward Morrow taking down McCarthy, the New York Times suppressing the Bay of Pigs and LBJ saying “We lost Cronkite, we lost Middle America.” Authors use them like filmmakers use well-known songs in nostalgic movies: instant, inarguable mood setters. But they are not true. Taking the time to destroy these false images is important work. It reminds you that the media can’t get its own history right, let alone the rest of the world’s. That it sees itself occupying a role in society and culture that it does not quite deserve. This will help you with your news diet today—and add a touch of salt to it. Campbell’s book on yellow journalism is also a great, evenhanded biography of the controversial moment in media time.

    Within the Context of No Context and My Pilgrim’s Progress: Media Studies, 1950-1998 by George W.S. Trow Rich Cohen described Trow’s work to me as half brilliant and half insane. I think that’s right. Within these pages are some of the most cogent analysis of the 50s, of our media culture, of what a world looks like when the current generation grew up on garbage television and no important traditions. Within the Context of No Context first appeared as an essay in the New Yorker—a rare instance for the magazine to devote a significant chunk to one single piece of writing—and was later published in book form. It is his best known work and examines the destructive effects of television on American culture; the book was later described as “a cold description of where things are going. There aren’t many books that are unafraid to be that negative.” My Pilgrim’s Progress analyzes the cultural state of the U.S. in the 1950’s and is a tough book to read, but I am glad I did.

    Winchell: Gossip, Power and the Culture of Celebrity by Neal Gabler I knew Walter Winchell’s name and I knew he was a famous journalist, but that’s it. I had no idea that he was unquestionably the most famous media figure of the 20th century (2/3 of American adults read his column daily. It was syndicated in 2,000 newspapers. Even FDR took his advice). I also had no idea that he was basically a monster. This biography is a fascinating look at the way that ambition and power eats at the human soul. It’s also a reminder that there have always been problems in the media and that fake news is not new. (In fact, something like 50% of his column was inaccurate or partly inaccurate). There was great stuff in this book on McCarthyism, Damon Runyon, the Roaring 20s and the Golden Age of Hollywood. I followed it up by reading Winchell’s autobiography, Winchell Exclusive. It was interesting to watch him essentially prove all the negative things said about him in the biography—he was vindictive, cruel, shallow, self-obsessed, but of course, also creative and compelling. Both are important reads for anyone in media. The other Stoic lesson for me in these two books was to read about all the gossip and the scandals of some of the most famous people in the world…and how almost none of them turned out to matter in anyway. A sobering reminder for sure. If you want a shorter read on Winchell the fictional take on him in Sweet Smell of Success: And Other Stories by Ernest Lehman is great (perhaps the greatest fictionalization of a journalist or PR person too—though I also love The Harder They Fall and All The King’s Men). This book is actually a collection of short stories, two of which are about Hunsucker, a ruthless and cruel journalist and the press agent who does his bidding. It’s wonderfully written because it was written by Ernest Lehman, who would go on to write the screenplays for “Hello Dolly,” “The King and I” and “Who’s Afraid of Virginia Woolf?”

    News from Nowhere: Television and the News; Between Fact and Fiction: The Problem of Journalism; The Big Picture: Money and Power in Hollywood by Edward J Epstein In Trust Me, I’m Lying I used economic reasons to explain why bloggers act the way they do. I could not have done this without the father of this line of thinking, Edward Jay Epstein. From his 1973 Harvard thesis, which was later published as News from Nowhere, that pioneered the study of network news (the first and last person to get access to their inner sanctum) to his wonderful books on the movie business, Epstein finds, exposes, and explains the hidden economic factors that determine the courses of entire industries. I followed in his footsteps for my book at almost every turn. I had the privilege of meeting him, which only increased my advocacy for his methods. I am morally obligated to press his books into your hands just as they were pressed into mine by my mentors.

    Lincoln and the Power of the Press: The War for Public Opinion by Harold Holzer Not very often do I find a book that combines the two things I have studied with great effort over the last few years: media and the Civil War. I was very excited to read this book and found it utterly fascinating (though admittedly not for everyone). As you can see from my much longer Observer piece about it there are a lot of parallels between Lincoln’s media environment and the toxic one we live in today. Then, as now, it’s the media who manipulates itself and often, a good president must in turn figure out how to play it, just to get back to even. If you want a slightly lighter take on the role of media during the Civil War, then you might really like Junius and Albert’s Adventures in the Confederacy: A Civil War Odyssey which is about two Civil War reporters taken prisoner during the battle of Vicksburg.

    It’s Not News, It’s Fark: How Mass Media Tries to Pass Off Crap As News by Drew Curtis There are few people who have read more news stories than Drew Curtis, founder of Fark.com. Creating and running one of the web’s first and biggest news aggregators gave him one of the best perspectives you could hope for in a book about the media. Plus, he’s actually funny—not a boring, old and condescending media studies nerd. Everything you need to know about spotting, catching and protecting yourself from media fluff and sensationalism is in this book. Read it.

    Public Opinion by Walter Lippmann This is a seminal text in media studies and the first place to coin the term ‘manufacture of consent.” It is, like Sinclair’s The Brass Check, still relevant all these years later—there’s a reason James Carey considered it “the founding book of modern journalism.” Lippmann’s belief was that intellectuals and government had an important and essential role in shaping public opinion—and that if they were to fail in their job, the fabric of society crumbles. There is a lot of blow back today against the ‘elites’—Lippmann’s book explains why they matter. And what we’re seeing right now is a good example of what happens when their role is diminished (we get chaos).

    The Journalist and the Murderer by Janet Malcolm This book famously opens with “Every journalist who is not too stupid or too full of himself to notice what is going on knows that what he does is morally indefensible. He is a kind of confidence man, preying on people’s vanity, ignorance or loneliness, gaining their trust and betraying them without remorse.” I would argue that this the first self-aware and self-critical book I’ve come across in all the reading I’ve done about media. We need more like it.

    Manufacturing Consent by Noam Chomsky This book is like the works of Ayn Rand—if you don’t go any further after reading it, it arrests your development. Chomsky’s most important concept here is what he calls Tacit Collective Action. Media outlets, no matter their ideological positions, are shaped much more by their similarities as businesses and as a social clique. In this way, they collaborate and conspire together, even when they are not aware of doing so. It’s this action that builds up a Trump candidacy—even when they claim to be repulsed by it. It’s this that delivers trivialities over real information, or makes the press generally subservient to power (they crave access). Anyway, this is an important book, but I’ve listed it last because it must be paired with others.

    Further, further reading:

    In terms of shorter related reads, I suggest Fakes in American Journalism by Max Sherover, a 100 year old manifesto of media criticism which stands up incredibly well. This Scribner’s article on privacy and journalism is important—it was cited by Brandeis in his famous “Right to Privacy” article. Michael Schudson’s Discovering the News is great and so is Manufacturing the News by Mark Fishman. Eric Alterman’s book on the rise of the pundit class is good—even he couldn’t have predicted their horrible offspring of “surrogates.” It’s also worth reading Jonah Berger’s book on why things spread virally (for instance, the number one predictor of viral New York Times articles is how angry they make a reader). My last recommendations would be biographies of the news barons. The Uncrowned King, about the newspaper years of William Randolph Hearst is good. So is Bennett’s New York Herald which is about the forgotten media genius whose paper Herald Square in New York City is named after.

    Ryan Holiday is the best-selling author of Trust Me, I’m Lying: Confessions of a Media Manipulator. Ryan is an editor-at-large for the Observer, and you can subscribe to his posts via email. He lives in Austin, Texas.

    http://observer.com/2017/01/these-books-explain-the-media-nightmare-we-are-supposedly-living-in/


    Source date (UTC): 2017-06-20 20:24:00 UTC

  • The American Revolution was not a Revolution, but a War of Colonial Independence

    The American Revolution was not a Revolution, but a War of Colonial Independence followed by a restructuring of political institutions.

    The Civil war was our second war of independence, that unfortunately failed.

    This Next Civil War will be a third war of Independence – one that will succeed.


    Source date (UTC): 2017-06-20 15:50:00 UTC