War is the most profitable enterprise – but like socialism, you eventually run out of other people’s wealth. And under both conquest and socialism, you eventually lack the resources and incentives to govern and tax the conquered, which is much harder than conquest and looting whether by military or political means.
Theme: Subsidy
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War is the most profitable enterprise – but like socialism, you eventually run o
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War is the most profitable enterprise – but like socialism, you eventually run o
War is the most profitable enterprise – but like socialism, you eventually run out of other people’s wealth. And under both conquest and socialism, you eventually lack the resources and incentives to govern and tax the conquered, which is much harder than conquest and looting whether by military or political means.
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Our Proposal Is Hard to Refuse
Feb 5, 2020, 7:41 PM P-Constitution, it’s nationalization of consumer credit, and its prohibitions on rent seeking, will destroy the entire rent seeking structure of the western economies, preserving only those investments that contribute to production. The entire insurance industry, mortgage industry, credit card industry, and any business that makes it’s money from credit rather than production and sale of goods and services will collapse with all the wealth retained by the laboring, working, and middle classes. The Concentration of wealth in DC, NY and via New York to Hollywood/LA will vaporize within months. Investors will flee to Assets. The prohibition on baiting into hazard, and the institution of involuntary warranty; the liability for testimonial speech in public, restoration of defamation, and the extension of defamation to defense of the commons; and the loss of copyright protection other than creative commons will collapse the media and advertising business as they desperately seek to reform. Capital will seek safety first, then alliance with the treasury on investments, and the states will have no alternative than to follow germany, japan, and south korea into competing with china on tech, and depriving china of its market. The requirement for right to repair and limits to labor arbitrage will restore european markets. The distribution of liquidity directly to citizens to maintain spending, and the deprivation of ‘undesirables’ from this distribution will drive them out of the market. This strategy amounts to paying off the middle to destroy the top and bottom.
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Why Empires Fall: Accumulated Rents and Dysgenia
—“British historian Arnold Toynbee spent his career trying to figure out why even the greatest nations and empires seem to be relatively helpless in escaping cycles of decline once they have taken hold. I think we have accumulated enough scientific knowledge to understand what drives self-reinforcing dysgenic demographic feedback loops to lock in and become seemingly path dependent until ever lower average Intelligence/conscientiousness and concomitant low trust cause social fracture and economic collapse. Codified legal prohibitions of anything encouraging or contributing to the furtherance of such dysgenic undertows is evidently both moral (reciprocal) and necessary.”—Scott De Warren
Yep. Book on this topic in fact. Civilizations develop an aristocracy by genetic advantage that provides a strategic advantage, then the classes expand to take advantage of the aristocratic advantage, then, everyone maximizes rents, the middle class serves consumers, consumers breed, the underclass increases, until all advantage has been consumed by the underclass, and no capital is available for adaptation to opportunity, threat, stress, or shock.
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Why Empires Fall: Accumulated Rents and Dysgenia
—“British historian Arnold Toynbee spent his career trying to figure out why even the greatest nations and empires seem to be relatively helpless in escaping cycles of decline once they have taken hold. I think we have accumulated enough scientific knowledge to understand what drives self-reinforcing dysgenic demographic feedback loops to lock in and become seemingly path dependent until ever lower average Intelligence/conscientiousness and concomitant low trust cause social fracture and economic collapse. Codified legal prohibitions of anything encouraging or contributing to the furtherance of such dysgenic undertows is evidently both moral (reciprocal) and necessary.”—Scott De Warren
Yep. Book on this topic in fact. Civilizations develop an aristocracy by genetic advantage that provides a strategic advantage, then the classes expand to take advantage of the aristocratic advantage, then, everyone maximizes rents, the middle class serves consumers, consumers breed, the underclass increases, until all advantage has been consumed by the underclass, and no capital is available for adaptation to opportunity, threat, stress, or shock.
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“IS TAXATION DYSGENIC?”
“IS TAXATION DYSGENIC?” https://propertarianism.com/2020/05/29/is-taxation-dysgenic/
Source date (UTC): 2020-05-29 12:34:08 UTC
Original post: https://twitter.com/i/web/status/1266347088591360004
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“IS TAXATION DYSGENIC?”
Mar 8, 2020, 8:00 PM “IS TAXATION DYSGENIC?” It is if it increases the rate of reproduction of the underclasses, or decreases the rate of reproduction of the middle classes.
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“IS TAXATION DYSGENIC?”
Mar 8, 2020, 8:00 PM “IS TAXATION DYSGENIC?” It is if it increases the rate of reproduction of the underclasses, or decreases the rate of reproduction of the middle classes.
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“Economic Crisis: Curt, What About Strategic Industries Like Boeing Going Under?
“Economic Crisis: Curt, What About Strategic Industries Like Boeing Going Under? https://propertarianism.com/2020/05/28/economic-crisis-curt-what-about-strategic-industries-like-boeing-going-under/
Source date (UTC): 2020-05-28 19:10:46 UTC
Original post: https://twitter.com/i/web/status/1266084520224309250
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“Economic Crisis: Curt, What About Strategic Industries Like Boeing Going Under?
Mar 23, 2020, 2:40 PM
—“I hope you are well Curt. Can I ask, where does P stand on redistributing or Nationalizing corps like Boeing? Obviously it’s a question of Nation Security to have warplanes and such. I don’t like the propping up where the corps have no fear of loss though. Can’t we take it over, keep the jobs, keep it producing as-is, but extract all the old profits from the Losers? I’m sure you have an answer, so I’m not trying to start any shit here. I’m interested.”— Twitter
EASY ANSWER
- Management and investors must pay for their folly not force the people to pay for their folly.
If the management and investors fail to manage the company and it can survive by taking a loan, that’s the answer.
If management and investors fail to manage the company so that it can survive shocks, and it must be bought back by the state (nationalized) and the investors wiped out, then resold once recovered, at a profit, then that’s the answer.
If it is a strategic industry then the state should be an inactive majority investor, and sell off only a minority interest to investors. Why? Private companies make FAR better use of capital.
Why state interest? If you look at how the russians and chinese produce military technology it is an industry better managed. American advantage is only in that we spend more on training and on practicing individual initiative and manoeuvre in combat, are more empirical in our training, and we are more loyal to each other than other peoples. I hav not studied the russian procurement process but I know it is far better than ours. They don’t appeal to congress. Our congress interferes all the time. We have many hands in the pie during every stage. we have too many people involved and not enough soldiers testing iterations of the equipment. The russians give one man responsibility for a program. That is probably enough a set of changes to fix most of it. My great-x uncle jimmy doolittle did a postwar evaluation of the pentagon for the president and was not terribly critical. I do not know what I would find if I did the same. The clinton military change and the obama undermining of the military did severe damage to the trustworthiness of the officer classes – but that is still repairable.