Dec 19, 2019, 4:02 PM Health the most profitable sector with a 21.6 percent net profit margin. Technology services 17.2 percent net margin were second, narrowly edging past finance 17.1 percent. Electronic technology and consumer nondurables round out the top five. Finance and insurance represent 7.4 percent (or $1.5 trillion) of U.S. gross domestic product or 266B. Health 3,823, (or 3.8T) 21.6% profit is 826B. Tech looks impressive but it doesn’t employ many people. Sort of like electricity., Small market HUGE impact.
Theme: Productivity
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Globalization Has Held Down Pay for A Large Swath of Workers
Dec 19, 2019, 5:08 PM —“One of the more striking recent developments in economics has been economists’ growing acceptance of the idea that globalization has held down pay for a large swath of workers.” Automation: “Workers whose labor can be replaced by computers, be they in factories or stores, have paid a particularly steep price.”—
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Globalization Has Held Down Pay for A Large Swath of Workers
Dec 19, 2019, 5:08 PM —“One of the more striking recent developments in economics has been economists’ growing acceptance of the idea that globalization has held down pay for a large swath of workers.” Automation: “Workers whose labor can be replaced by computers, be they in factories or stores, have paid a particularly steep price.”—
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You Don”t Need to Be an Entrepreneur, Just on An Entrepreneurial Team
You Don”t Need to Be an Entrepreneur, Just on An Entrepreneurial Team https://propertarianism.com/2020/05/25/you-dont-need-to-be-an-entrepreneur-just-on-an-entrepreneurial-team/
Source date (UTC): 2020-05-25 23:23:51 UTC
Original post: https://twitter.com/i/web/status/1265061044587659264
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You Don”t Need to Be an Entrepreneur, Just on An Entrepreneurial Team
Jan 10, 2020, 2:48 PM Competitiveness isn’t always a good thing to wish in yourself. For those of us that are hyper competitive, the warfare – so to speak – is more enjoyable than the loot that comes from winning it. I don’t like internal conflict but I love external competition. All of us that ‘achieve’ are the same. We love the battle. We’d rather fight hard and lose than not fight at all. You probably can’t make yourself do that. You can however, get on a TEAM with those that do. And use loyalty, work, and discipline to assist them – and get the loot. In other words, don’t necessarily want to be in CHARGE of warfare. Benefit from supporting those who do.
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The Problem with Efficient Markets
Jan 15, 2020, 3:10 PM Agricultural goods, construction, and housing are efficient. Is that a good thing? Food other than meat is almost free. Why shouldn’t we drive up the cost of agricultural goods, construction, and ‘materials production’ (steel etc) and housing as the returns we can produce? In other words, at what point are we making things cheaper but making everything more expensive as a consequence? I mean, why not repatriate all digital electronic technology, and all medical technology, and at least conversion of raw materials into production goods, and state finance the whole thing? We can. WE aren’t New Zealand. We aren’t a developing nation. WE are not making things cheaper. We’re spending down genetic, cultural, and institutional capital.
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The Problem with Efficient Markets
Jan 15, 2020, 3:10 PM Agricultural goods, construction, and housing are efficient. Is that a good thing? Food other than meat is almost free. Why shouldn’t we drive up the cost of agricultural goods, construction, and ‘materials production’ (steel etc) and housing as the returns we can produce? In other words, at what point are we making things cheaper but making everything more expensive as a consequence? I mean, why not repatriate all digital electronic technology, and all medical technology, and at least conversion of raw materials into production goods, and state finance the whole thing? We can. WE aren’t New Zealand. We aren’t a developing nation. WE are not making things cheaper. We’re spending down genetic, cultural, and institutional capital.
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Human Capital
Jan 19, 2020, 10:05 AM In that branch of economics called Political Economy, Human capital consists of the size of the population, their age distribution, their health, their fitness, their intellect and character, and the sum of training in behavior, skills, and knowledge: every physical emotional and intellectual asset a person can have. Human capital is beneficial not just for the individual in achieving his or her full potential but that the economy and the polity achieve their fullest potential together when there is more human capital. This is rather obvious, but it helps to tie the world together for people. The government relies on education as the primary means by which to ensure that everyone rather than just those who can afford it, can achieve their potential, and as a consequence the society achieves its greatest potential. The reason for mass education was just as much to prevent so many indolent useless criminal malcontents as it was to improve the lives of children. lol. We don’t often add that success is more dependent on the average intelligence and personality trait distribution of the group than it is on the education because that would be improper in the context.
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Human Capital
Jan 19, 2020, 10:05 AM In that branch of economics called Political Economy, Human capital consists of the size of the population, their age distribution, their health, their fitness, their intellect and character, and the sum of training in behavior, skills, and knowledge: every physical emotional and intellectual asset a person can have. Human capital is beneficial not just for the individual in achieving his or her full potential but that the economy and the polity achieve their fullest potential together when there is more human capital. This is rather obvious, but it helps to tie the world together for people. The government relies on education as the primary means by which to ensure that everyone rather than just those who can afford it, can achieve their potential, and as a consequence the society achieves its greatest potential. The reason for mass education was just as much to prevent so many indolent useless criminal malcontents as it was to improve the lives of children. lol. We don’t often add that success is more dependent on the average intelligence and personality trait distribution of the group than it is on the education because that would be improper in the context.
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I”m Doing What I Said I Would Do – Albeit Slowly
Jan 26, 2020, 3:17 PM
—“What is your Response to people now 24 who said they knew about you since they were 12 but you accomplished nothing? (not my opinion) What is your response to the same nihilists who say the Virginia rally accomplished nothing and the grassroots rights will sit around as their country gets overtaken by the left as their rally was meaningless?”—
Well, let’s see. I started a site in 09. I went public in 12-13. Eli is the only person I know of that’s been with me that long. Hmm… So it’s possible I guess. What does accomplished nothing mean? What was I supposed to have accomplished? I set out to produce a value neutral language of ethics and politics; then to express the history of my people in those terms; then to create a constitution of natural law; and I promised a set of deliverables: (a) a moral license (b) a set of demands, (c) a plan of transition, and (d) a means of insurrection. And I said I would only take a leadership role if other leadership didnt emerge. I’m either doing or have done all those things. Just over a year ago we started the institute on one hand, and john’s videos on revolution on the other. We have about a dozen people capable of using or building upon P. if we double that we’ll have the number I was shooting for, and if we get to 100 we’ll have certainly achieved our goals. Conversely, what has anyone else done except bring us the catastrophe of c’ville, get deplatformed, and learned the painful lesson I warned them about in ’16 when they went down the identitarian message, rather than revolution and rights messages? Where are all those people now? Their toast. What did Hoppe or Rothbard or the Mises institute or CATO do? Absolutely nothing. What about the Conservatives? Nothing. Why? Thy had the wrong f—king answer. There is only one solution and that is war. And there is only one way of avoiding war, and that is to make the horror of it so certain that the other side prefers to separate rather than lose two thirds of its numbers. Y’all want to move mountains on impulse. You’re filled with rage and fear. You’re first movers like me. But you are not strategic planners like me. I am an engineer. I’m doing what I said. And the Overton window is moving at exactly the rate I predicted it would. We will get our revolution when there is the least resistance from our own. And that will be shortly. Go read about the IRA and about Mao, and then study what ISIS did to fund itself. I think shit thru. That’s why I take time. And if other leadership emerges that’s fine with me. Someone just has to do it. I don’t need it. I can be happy with one woman, a computer, a sports car, and a few friends. The only reason I do this is because I love my people, it needs doing, and everyone else is doing it even worse than I am.