Curt Doolittle

Theme: Productivity

  • In Theory, How Do Innovative New Companies Get Created In A Textbook Socialist Economy?

    You know, I have been working on debunking the pseudoscience in economics – whether under the pretenses of socialist, social democratic, classical liberal, or libertarian dogmas for a couple of decades now. And I have a very hard time grasping how anyone can be literate enough in the subject to ask such a question, and still suggest that socialism is possible ever under any conditions whatsoever.

    I know why people intuit that such a thing is possible (it isn’t), at least it isn’t for more than a few decades, any more than uninsured (unregulated) markets are possible (they aren’t).

    The better the demographics the higher trust the polity the more effective are markets (rule of law) and the worse the demographics, the lower trust the polity, the more effective is command and control (rule by discretion).

    Socialist economies do not innovate because of incentives. In socialist economies people can enact change through access to command (rule by command), and they cannot innovate privately without fear of capture(theft) of the proceeds of their RISK. So, (and this is true through all of history) people maximize their effort in obtaining rents (parasitism).

    It’s better to think of Marx, Freud, Boaz, Frankfurt School, and Postmodern schools as a kind of pseudoscientific fiction that competes with science fiction and fantasy and the novel to inspire us such that we learn about ourselves by what we wish could be but cannot be.

    https://www.quora.com/In-theory-how-do-innovative-new-companies-get-created-in-a-textbook-socialist-economy

  • Comparative advantage is not open to infinite extrapolation. At some point the t

    Comparative advantage is not open to infinite extrapolation. At some point the the lowest standard of living reduces all others to the same. There is little left to conspicuously consume other than virtue signals (which is what you’re doing).The low hanging fruit has been picked.

    Source date (UTC): 2018-03-04 03:09:43 UTC

    Original post: https://twitter.com/i/web/status/970134162823892992

    Reply addressees: @NoahCRothman @JoeNBC

    Replying to: https://twitter.com/i/web/status/969693955192389633

    IN REPLY TO:

    Original post on X

    Original tweet unavailable — we could not load the text of the post this reply is addressing on X. That usually means the tweet was deleted, the account is protected, or X does not expose it to the account used for archiving. The Original post link below may still open if you view it in X while signed in.

    Original post: https://twitter.com/i/web/status/969693955192389633

  • No. Debate me. You’re trapped in mid 20th century thought when the west had an a

    No. Debate me. You’re trapped in mid 20th century thought when the west had an advantage in every form of capital postwar. Those advantages have dissipated with the 20th century. Cherry Picking Velocity rather than Capital was a convenient postwar pseudoscience. No longer.

    Source date (UTC): 2018-03-04 03:07:28 UTC

    Original post: https://twitter.com/i/web/status/970133598564241409

    Reply addressees: @JoeNBC

    Replying to: https://twitter.com/i/web/status/969954975928455168

    IN REPLY TO:

    @ScarboroughNow

    China is focused on dominating the next century. Donald Trump wants to drag America back into the last century—economically, racially and culturally. https://t.co/8iKQ8Dnb5A

    Original post: https://twitter.com/i/web/status/969954975928455168

  • What Was The Main Cause Of America’s Rise Of Capitalism Steel, Oil Or Railways?

    Neither. It was selling off a conquered continent to new settlers. Then selling those settlers goods and services. Then financing that territory, homes, goods, services, and educations.

    Even today the primary driver of the american economy and the reason for american consumption is housing.

    https://www.quora.com/What-was-the-main-cause-of-America-s-rise-of-capitalism-steel-oil-or-railways

  • What Was The Main Cause Of America’s Rise Of Capitalism Steel, Oil Or Railways?

    Neither. It was selling off a conquered continent to new settlers. Then selling those settlers goods and services. Then financing that territory, homes, goods, services, and educations.

    Even today the primary driver of the american economy and the reason for american consumption is housing.

    https://www.quora.com/What-was-the-main-cause-of-America-s-rise-of-capitalism-steel-oil-or-railways

  • would happen to the US economy if (scenario 1) the top 5% unleashed all their sa

    https://www.quora.com/What-would-happen-to-the-US-economy-if-scenario-1-the-top-5-unleashed-all-their-savings-or-scenario-2-put-away-gradually-more-into-savings/answer/Curt-Doolittle?share=19d27838&srid=u4Qv—“What would happen to the US economy if (scenario 1) the top 5% unleashed all their savings or (scenario 2) put away gradually more into savings?”—

    I think others have answered this closely but I’ll try to add some precision:

    *There are no such savings to be unleashed*. It’s already put to use, mostly in home and business real estate – providing home ownership that could not exist otherwise.

    Why? Fiat currency inflation makes it impossible to save. You have to put your money to work just to try to preserve value. Why fiat currency inflation? Because we try to artificially increase employment by artificially stimulating consumption, by artificially discounting the price of credit, by artificially producing ‘money’ by simply debiting and crediting treasury and bank accounts.

    The Cathedral (Academy – Media – State complex that replaced the military industrial complex ) quite intentionally misrepresent the fact that owning (controlling) money, is different from having (storing) it.

    For the (a) voluntary organization of production, distribution, and trade, to evolve into (b) patterns (networks) of specialization and trade, and into (c) markets that provide continuous adaptation to demand, shocks, innovation, and continuously reduce prices money(wealth, capital) must be organized into a pareto distribution (20% of the population must control at least 80% of the capital), and within that pareto distribution’s 20% another pareto distribution, and so on. (Really, it has to be so. It’s just math and incentives.)

    The reason goods get cheaper is that people at the top of any distribution (and at every level under it) seek signals. We can virtue signal (words), we can membership signal (dress), we can status signal (consumption).

    People at the tops of distributions pay for research and development in signals, that then decrease in cost and increase in ownership. Hence why Gucci bags, and Ferrari’s (neither of which are expensive to produce) are so expensive: to make them scarce, and therefore to preserve their signal value. (Hence why iphones can be so profitable for apple: signal value.)

    Because really, all we all do is chase status signals like mice, hamsters, rats , and squirrels, in the squirrel cage wheel.

    The greatest subconscious fear of humans is ‘being left behind’.

    Hence: status signals.

    Source date (UTC): 2018-02-25 20:53:00 UTC

  • “What would happen to the US economy if (scenario 1) the top 5% unleashed all th

    —“What would happen to the US economy if (scenario 1) the top 5% unleashed all their savings or (scenario 2) put away gradually more into savings?”— I think others have answered this closely but I’ll try to add some precision: *There are no such savings to be unleashed*. It’s already put to use, mostly in home and business real estate – providing home ownership that could not exist otherwise. Why? Fiat currency inflation makes it impossible to save. You have to put your money to work just to try to preserve value. Why fiat currency inflation? Because we try to artificially increase employment by artificially stimulating consumption, by artificially discounting the price of credit, by artificially producing ‘money’ by simply debiting and crediting treasury and bank accounts. The Cathedral (Academy – Media – State complex that replaced the military industrial complex ) quite intentionally misrepresent the fact that owning (controlling) money, is different from having (storing) it. For the (a) voluntary organization of production, distribution, and trade, to evolve into (b) patterns (networks) of specialization and trade, and into (c) markets that provide continuous adaptation to demand, shocks, innovation, and continuously reduce prices money(wealth, capital) must be organized into a pareto distribution (20% of the population must control at least 80% of the capital), and within that pareto distribution’s 20% another pareto distribution, and so on. (Really, it has to be so. It’s just math and incentives.) The reason goods get cheaper is that people at the top of any distribution (and at every level under it) seek signals. We can virtue signal (words), we can membership signal (dress), we can status signal (consumption). People at the tops of distributions pay for research and development in signals, that then decrease in cost and increase in ownership. Hence why Gucci bags, and Ferrari’s (neither of which are expensive to produce) are so expensive: to make them scarce, and therefore to preserve their signal value. (Hence why iphones can be so profitable for apple: signal value.) Because really, all we all do is chase status signals like mice, hamsters, rats , and squirrels, in the squirrel cage wheel. The greatest subconscious fear of humans is ‘being left behind’. Hence: status signals.

  • “What would happen to the US economy if (scenario 1) the top 5% unleashed all th

    —“What would happen to the US economy if (scenario 1) the top 5% unleashed all their savings or (scenario 2) put away gradually more into savings?”— I think others have answered this closely but I’ll try to add some precision: *There are no such savings to be unleashed*. It’s already put to use, mostly in home and business real estate – providing home ownership that could not exist otherwise. Why? Fiat currency inflation makes it impossible to save. You have to put your money to work just to try to preserve value. Why fiat currency inflation? Because we try to artificially increase employment by artificially stimulating consumption, by artificially discounting the price of credit, by artificially producing ‘money’ by simply debiting and crediting treasury and bank accounts. The Cathedral (Academy – Media – State complex that replaced the military industrial complex ) quite intentionally misrepresent the fact that owning (controlling) money, is different from having (storing) it. For the (a) voluntary organization of production, distribution, and trade, to evolve into (b) patterns (networks) of specialization and trade, and into (c) markets that provide continuous adaptation to demand, shocks, innovation, and continuously reduce prices money(wealth, capital) must be organized into a pareto distribution (20% of the population must control at least 80% of the capital), and within that pareto distribution’s 20% another pareto distribution, and so on. (Really, it has to be so. It’s just math and incentives.) The reason goods get cheaper is that people at the top of any distribution (and at every level under it) seek signals. We can virtue signal (words), we can membership signal (dress), we can status signal (consumption). People at the tops of distributions pay for research and development in signals, that then decrease in cost and increase in ownership. Hence why Gucci bags, and Ferrari’s (neither of which are expensive to produce) are so expensive: to make them scarce, and therefore to preserve their signal value. (Hence why iphones can be so profitable for apple: signal value.) Because really, all we all do is chase status signals like mice, hamsters, rats , and squirrels, in the squirrel cage wheel. The greatest subconscious fear of humans is ‘being left behind’. Hence: status signals.

  • What Would Happen To The Us Economy If (scenario 1) The Top 5% Unleashed All Their Savings Or (scenario 2) Put Away Gradually More Into Savings?

    THE FULL ANSWER

    I think others have answered this closely but I’ll try to add some precision:
     
     *There are no such savings to be unleashed*. It’s already put to use, mostly in home and business real estate – providing home ownership that could not exist otherwise.

    Why? Fiat currency inflation makes it impossible to save. You have to put your money to work just to try to preserve value. Why fiat currency inflation? Because we try to artificially increase employment by artificially stimulating consumption, by artificially discounting the price of credit, by artificially producing ‘money’ by simply debiting and crediting treasury and bank accounts.

    The Cathedral (Academy – Media – State complex that replaced the military industrial complex ) quite intentionally misrepresent the fact that owning (controlling) money, is different from having (storing) it.

    For the (a) voluntary organization of production, distribution, and trade, to evolve into (b) patterns (networks) of specialization and trade, and into (c) markets that provide continuous adaptation to demand, shocks, innovation, and continuously reduce prices money(wealth, capital) must be organized into a pareto distribution (20% of the population must control at least 80% of the capital), and within that pareto distribution’s 20% another pareto distribution, and so on. (Really, it has to be so. It’s just math and incentives.)

    The reason goods get cheaper is that people at the top of any distribution (and at every level under it) seek signals. We can virtue signal (words), we can membership signal (dress), we can status signal (consumption).

    People at the tops of distributions pay for research and development in signals, that then decrease in cost and increase in ownership. Hence why Gucci bags, and Ferrari’s (neither of which are expensive to produce) are so expensive: to make them scarce, and therefore to preserve their signal value. (Hence why iphones can be so profitable for apple: signal value.)

    Because really, all we all do is chase status signals like mice, hamsters, rats , and squirrels, in the squirrel cage wheel.

    The greatest subconscious fear of humans is ‘being left behind’.

    Hence: status signals.

    https://www.quora.com/What-would-happen-to-the-US-economy-if-scenario-1-the-top-5-unleashed-all-their-savings-or-scenario-2-put-away-gradually-more-into-savings

  • What Would Happen To The Us Economy If (scenario 1) The Top 5% Unleashed All Their Savings Or (scenario 2) Put Away Gradually More Into Savings?

    THE FULL ANSWER

    I think others have answered this closely but I’ll try to add some precision:
     
     *There are no such savings to be unleashed*. It’s already put to use, mostly in home and business real estate – providing home ownership that could not exist otherwise.

    Why? Fiat currency inflation makes it impossible to save. You have to put your money to work just to try to preserve value. Why fiat currency inflation? Because we try to artificially increase employment by artificially stimulating consumption, by artificially discounting the price of credit, by artificially producing ‘money’ by simply debiting and crediting treasury and bank accounts.

    The Cathedral (Academy – Media – State complex that replaced the military industrial complex ) quite intentionally misrepresent the fact that owning (controlling) money, is different from having (storing) it.

    For the (a) voluntary organization of production, distribution, and trade, to evolve into (b) patterns (networks) of specialization and trade, and into (c) markets that provide continuous adaptation to demand, shocks, innovation, and continuously reduce prices money(wealth, capital) must be organized into a pareto distribution (20% of the population must control at least 80% of the capital), and within that pareto distribution’s 20% another pareto distribution, and so on. (Really, it has to be so. It’s just math and incentives.)

    The reason goods get cheaper is that people at the top of any distribution (and at every level under it) seek signals. We can virtue signal (words), we can membership signal (dress), we can status signal (consumption).

    People at the tops of distributions pay for research and development in signals, that then decrease in cost and increase in ownership. Hence why Gucci bags, and Ferrari’s (neither of which are expensive to produce) are so expensive: to make them scarce, and therefore to preserve their signal value. (Hence why iphones can be so profitable for apple: signal value.)

    Because really, all we all do is chase status signals like mice, hamsters, rats , and squirrels, in the squirrel cage wheel.

    The greatest subconscious fear of humans is ‘being left behind’.

    Hence: status signals.

    https://www.quora.com/What-would-happen-to-the-US-economy-if-scenario-1-the-top-5-unleashed-all-their-savings-or-scenario-2-put-away-gradually-more-into-savings