Curt Doolittle

Theme: Subsidy

  • State Sponsored Hyperconsumption of Goods, Services, Info, and Virtue Signals

    —“What we like or want may not be good for us.” –Curt Doolittle

    Context of the original quote was that we have used a variety of techniques to generate hyper-consumption and especially conspicuous hyper consumption, and even worse, conspicuous hyper consumption of virtue signals. In other words, we may like hyper consumption but that does not mean it is good for us, any more than hyperconsumption of the pleasure response by drugs is, or hyperconsumption of sedation by alcohol, or hyperconsumption of calming by nicotine, or anything else in any similar spectrum. So, yes, “all things in moderation” for the individual but this isn’t enforceable if the entirety of the political economy is generating hyperconsumption for hyper-taxation, and hyper-redistribution. The state should not engage in the provision of the incentive to hyperconsume. This only benefits the financial sector. Instead, just redistribute liquidity in response to shock and sags directly to the consumer and cause business to fight over it.

  • State Sponsored Hyperconsumption of Goods, Services, Info, and Virtue Signals

    —“What we like or want may not be good for us.” –Curt Doolittle

    Context of the original quote was that we have used a variety of techniques to generate hyper-consumption and especially conspicuous hyper consumption, and even worse, conspicuous hyper consumption of virtue signals. In other words, we may like hyper consumption but that does not mean it is good for us, any more than hyperconsumption of the pleasure response by drugs is, or hyperconsumption of sedation by alcohol, or hyperconsumption of calming by nicotine, or anything else in any similar spectrum. So, yes, “all things in moderation” for the individual but this isn’t enforceable if the entirety of the political economy is generating hyperconsumption for hyper-taxation, and hyper-redistribution. The state should not engage in the provision of the incentive to hyperconsume. This only benefits the financial sector. Instead, just redistribute liquidity in response to shock and sags directly to the consumer and cause business to fight over it.

  • Defining Socialism for Yang

    Defining Socialism for Yang https://t.co/hz6wDsBgab

  • Defining Socialism for Yang

    Defining Socialism for Yang https://propertarianism.com/2020/06/01/defining-socialism-for-yang/

    Source date (UTC): 2020-06-01 00:34:34 UTC

    Original post: https://twitter.com/i/web/status/1267253168016166917

  • Defining Socialism for Yang

    —“Journalists who come to Des Moines tomorrow with an open mind will have those minds blown. #Yangapalooza secure the center secure the future”—@AndrewYang —“Its not socialist to tax big tech companies and give everyone a $1,00 a month. Everyone gets it, its pay for with technology. Its not socialist!”— @ironpatriot2016 —“Curt?”—

    Rule of law = Sovereignty, Property(Demonstrated Interest), Reciprocity, Court,Testimony, Jury, Resulting in markets. Socialism = Borrowing by the state, to make investments by the state, in industries producible by the state, and the redistribution of earnings into the commons. Authoritarianism = Borrowing by individuals, Investment by individuals, in industries producible by individuals, producing returns for individuals, that is appropriated (stolen) by the state, and redistributed to non-borrowers, investors, producers. The principle means by which jews,christians,muslims, in the old world, and marxists, postmodernists, and feminists in the modern world, is to use words people don’t comprehend in operational terms, to conduct false promises by sophisms that do little but bait fools into hazard. Unfortunately there are a lot of fools to bait into hazard. Unfortunately we let them vote into a single house of representatives, creating rule by majority-of-fools best deceived by false promise. When if we had created houses for commoners, and women we could debate and trade. I would happily debate Andrew because I am not aware of anyone else living who understands issues of modernity as well as I do. Because some of his desire can be produced by moral rather than immoral means. But really, he’s not very smart he just says ‘free stuff!’ for attention. And fools come for the bait.

  • Defining Socialism for Yang

    —“Journalists who come to Des Moines tomorrow with an open mind will have those minds blown. #Yangapalooza secure the center secure the future”—@AndrewYang —“Its not socialist to tax big tech companies and give everyone a $1,00 a month. Everyone gets it, its pay for with technology. Its not socialist!”— @ironpatriot2016 —“Curt?”—

    Rule of law = Sovereignty, Property(Demonstrated Interest), Reciprocity, Court,Testimony, Jury, Resulting in markets. Socialism = Borrowing by the state, to make investments by the state, in industries producible by the state, and the redistribution of earnings into the commons. Authoritarianism = Borrowing by individuals, Investment by individuals, in industries producible by individuals, producing returns for individuals, that is appropriated (stolen) by the state, and redistributed to non-borrowers, investors, producers. The principle means by which jews,christians,muslims, in the old world, and marxists, postmodernists, and feminists in the modern world, is to use words people don’t comprehend in operational terms, to conduct false promises by sophisms that do little but bait fools into hazard. Unfortunately there are a lot of fools to bait into hazard. Unfortunately we let them vote into a single house of representatives, creating rule by majority-of-fools best deceived by false promise. When if we had created houses for commoners, and women we could debate and trade. I would happily debate Andrew because I am not aware of anyone else living who understands issues of modernity as well as I do. Because some of his desire can be produced by moral rather than immoral means. But really, he’s not very smart he just says ‘free stuff!’ for attention. And fools come for the bait.

  • Definitions: Regulatory Capture and Rent-Seeking and Corruption

    Definitions: Regulatory Capture and Rent-Seeking and Corruption https://propertarianism.com/2020/05/31/definitions-regulatory-capture-and-rent-seeking-and-corruption/

    Source date (UTC): 2020-05-31 23:57:43 UTC

    Original post: https://twitter.com/i/web/status/1267243893063639040

  • Definitions: Regulatory Capture and Rent-Seeking and Corruption

    Definitions: Regulatory Capture and Rent-Seeking and Corruption https://t.co/jkoPPlOvLJ

  • Definitions: Regulatory Capture and Rent-Seeking and Corruption

    REGULATORY CAPTURE (THE RESULT) Regulatory capture is a corruption of authority that occurs when a political entity, policymaker, or regulatory agency is co-opted to serve the commercial, ideological, or political interests of a minor constituency, such as a particular geographic area, industry, profession, or ideological group. When regulatory capture occurs, a special interest is prioritized over the general interests of the public, leading to a net loss for society. Government agencies suffering regulatory capture are called “captured agencies.” Regulatory capture is the result of “rent-seeking” and political failure; client politics “occurs when most or all of the benefits of a program go to some single, reasonably small interest (e.g., industry, profession, or locality) but most or all of the costs will be borne by a large number of people (for example, all taxpayers).” RENT SEEKING (THE PRIVATE SECTOR) Rent-seeking in public choice theory, as well as in economics, involves seeking to increase one’s share of existing wealth without creating new wealth. Rent-seeking results in reduced economic efficiency through misallocation of resources, reduced wealth-creation, lost government revenue, heightened income inequality, and potential national decline. Attempts at capture of regulatory agencies to gain a coercive monopoly can result in advantages for the rent seeker in a market while imposing disadvantages on their incorrupt competitors. This is one of many possible forms of rent-seeking behavior. CORRUPTION (THE POLITICAL SECTOR) Corruption is dishonesty or criminal activity undertaken by a person or organization entrusted with a position of authority, often to acquire illicit benefit, or, abuse of entrusted power for one’s private gain. Corruption may include many activities including bribery and embezzlement, though it may also involve practices that are legal in many countries. Political corruption occurs when an office-holder or other governmental employee acts in an official capacity for personal gain. Corruption is most commonplace in kleptocracies, oligarchies, narco-states and mafia states. Corruption can occur on different scales. Corruption ranges from small favors between a small number of people (petty corruption), to corruption that affects the government on a large scale (grand corruption), and corruption that is so prevalent that it is part of the everyday structure of society, including corruption as one of the symptoms of organized crime. Corruption and crime are endemic sociological occurrences which appear with regular frequency in virtually all countries on a global scale in varying degree and proportion. Individual nations each allocate domestic resources for the control and regulation of corruption and crime. Strategies to counter corruption are often summarized under the umbrella term anti-corruption.

  • Definitions: Regulatory Capture and Rent-Seeking and Corruption

    REGULATORY CAPTURE (THE RESULT) Regulatory capture is a corruption of authority that occurs when a political entity, policymaker, or regulatory agency is co-opted to serve the commercial, ideological, or political interests of a minor constituency, such as a particular geographic area, industry, profession, or ideological group. When regulatory capture occurs, a special interest is prioritized over the general interests of the public, leading to a net loss for society. Government agencies suffering regulatory capture are called “captured agencies.” Regulatory capture is the result of “rent-seeking” and political failure; client politics “occurs when most or all of the benefits of a program go to some single, reasonably small interest (e.g., industry, profession, or locality) but most or all of the costs will be borne by a large number of people (for example, all taxpayers).” RENT SEEKING (THE PRIVATE SECTOR) Rent-seeking in public choice theory, as well as in economics, involves seeking to increase one’s share of existing wealth without creating new wealth. Rent-seeking results in reduced economic efficiency through misallocation of resources, reduced wealth-creation, lost government revenue, heightened income inequality, and potential national decline. Attempts at capture of regulatory agencies to gain a coercive monopoly can result in advantages for the rent seeker in a market while imposing disadvantages on their incorrupt competitors. This is one of many possible forms of rent-seeking behavior. CORRUPTION (THE POLITICAL SECTOR) Corruption is dishonesty or criminal activity undertaken by a person or organization entrusted with a position of authority, often to acquire illicit benefit, or, abuse of entrusted power for one’s private gain. Corruption may include many activities including bribery and embezzlement, though it may also involve practices that are legal in many countries. Political corruption occurs when an office-holder or other governmental employee acts in an official capacity for personal gain. Corruption is most commonplace in kleptocracies, oligarchies, narco-states and mafia states. Corruption can occur on different scales. Corruption ranges from small favors between a small number of people (petty corruption), to corruption that affects the government on a large scale (grand corruption), and corruption that is so prevalent that it is part of the everyday structure of society, including corruption as one of the symptoms of organized crime. Corruption and crime are endemic sociological occurrences which appear with regular frequency in virtually all countries on a global scale in varying degree and proportion. Individual nations each allocate domestic resources for the control and regulation of corruption and crime. Strategies to counter corruption are often summarized under the umbrella term anti-corruption.