Party planning is going well for president Trump's upcoming 90th birthday; now in his 11th year of his second term. He said via his speaking box "this will be the greatest party, possibly ever in the history of the world, many people are saying it"
Thanks.
4 was such a big one; I knew I couldn't do it justice in a shortish post. But it is a fundamental assumption that is very wrong.
You are correct; information asymmetry is one big driver of people making "non-rational" choices.
I see it as an unstable economic model; it will either devolve to capitalism with monopolies capturing most if not all sectors; or devolve into communism with a single state-like entity controlling everything. At which point; no matter which way it went; it will collapse under its own weight.
The way it swings will depend on the people who are there at the start.
The modern version of libertarianism that we see most of; is based off some really bad assumptions:
- (1) the market is perfect
- (2) barriers to entry are irrelevant
- (3) monopoly is not bad
- (4) humans are rational actors
- (5) if the market can't address the issue, it is irrelevant
(1) The market is perfect:
This leads to the assumption that all regulation is bad; and that it merely works to reduce personal freedoms and the ability of the market to produce things in the most efficient way possible.
It completely ignores history and the reason regulatory bodies were created. It also ignores that the market is not a thing unto itself; but is composed of people (see 4).
(2) Barriers to entry are irrelevant:
This follows directly from (1); even the simplest business has some barrier to entry. You have to buy somethings that your business needs to run. These are real costs, and will provide a barrier. Obviously, the bigger the barrier then more entrenched players have an advantage (see 3)
(3) Monopoly is not bad:
This is a subtle acknowledgment that (1 & 2) are completely false. Basically it is a cope, that even if monopolies form; clearly this is the market producing the most efficient production framework.
This ignores history; the major monopolies that were broken up. The crazy shit that went on to protect their monopoly status.
(4) Humans are rational actors:
Most economic models assume that consumers will make rational choices; they will make the most economically rational choices. Libertarians (in my experience) love this.
This ignores so much of reality; it also assumes that the values of all are the same as their own.
There is really too much in this point to cover here. So many things that we actually do make no sense if you were a rational actor, such as brand loyalty.
(5) If the market can't address the issue, it is irrelevant:
There are many things that the market cannot address; but in the libertarian model these things are ignored.
e.g. fire fighting; this is the classic example where a market solution didn't work.
But equally; policing; education; major infrastructure; functional health systems. There are so many examples; where if left to a purely market solution, simply would not get done.
Keep your flexibility...... Almost impossible to get out back once it's gone.
You can do alright, but keeping it is soooooo much easier. It will never get back to what you had if you don't work to keep it.
All good; Sir Terry is my favorite author of all time.
I re-read all of discworld at the start of the year. I usually do another read through every 3-4 years; I've read through all of them 7 or 8 times by now....
Really, I would place them at teen fiction level.
I started reading them at around 15.
Edit: yes teens are still children.
A bunch of other stuff has been covered, so I'll just talk about communication.
Talking to teachers, preschool especially; kids are coming in with worse and worse communication skills.
The #1 bit of advice to have a kid that speaks well; talk to your baby, regularly,like about everything you are doing with/to them. Before they can speak they are learning words; phrasing and cadence.
I read somewhere years ago, before our first baby; that, babies learn new words when they are spoken to directly, they cement how to use those words when they hear their parents use words with others.
Edit: "baby speak" is not required....speak normally; singing however is great they love it.
Sir Terry, was an absolute gem of a human. He wrapped philosophy in comedy and fed it to (mainly) children; the world is better because of his work.
If you want to understand; check out the boots theory
"Capable of Practically Anything"
No cellular connectivity....so anything except the one thing that makes a portable device in a "phone-like" form factor useful.
Yes it can do cool stuff; but I can't replace the other portable device with it...
Hey this is an info graphic, not actual data to make informed decisions on....
But I assume that the middle of the scale is equally likely (50/50 same sex, mixed sex); and the ends are heavily skewed at like (90/10).
In NZ we (mostly) pronounce it arc-ah-pela-go some however are weird and say arc-ee-pelE-go
view more: next ›
I'd compare you to a colostomy bag, but they are at least useful!