1,123 karma · joined November 27, 2019
Here is the issue: it is more than mere competition. We co-exist in a delicate balance with the rest of life, or at least we used to. Now we threaten to destroy them, and the planet on which we depend, exactly because of this implicit belief that we compete with them instead of relying on them.
Additionally every bank has an app and some of them don't have branches in every city so they say "just deposit checks via mobile"
If you can't maintain your aircraft in peacetime, what do you think will happen when you go to war? Aircraft become more difficult to repair because the op tempo increases and lower echelon maintenance must be performed in theater. There is a thing called 'readiness' and you're attempting to normalize the lack of it.
> Second point was a known flaw with a long history that was overlooked,
Yeah it doesn't look good for the defense industry when they knowingly build stuff that is overpriced and doesn't work as a 'jobs program.'
> Third point, this is a point on maintenance of some super large ships - which is both difficult and can only be carried out at ONE shipyard in the whole USA for the two newest carrier classes (Newport News).
Sounds like my point still stands, we can't build new technology that works and we can't keep the old stuff going because of a lack of defense industry capability.
> You've selected three problems on complex systems in a country that makes hundreds of different defense products. I think my point still stands.
This might work to persuade some bureaucrats but when you go to war, the enemy doesn't care about why you can't keep your war machine functional, they just like it that you can't (because they get to win). These are just high profile instances of a general malaise. There are dozens of examples we could discuss.
> Why is it that capitalists can't seem to understand supply/demand curves when it comes to wages?
If they were 'capitalists' they would use the same supply/demand curve logic to labor costs as everything else.
https://news.usni.org/2021/01/19/navy-calls-freedom-lcs-prop...
https://www.defensenews.com/news/your-navy/2020/08/21/watchd...
Not very well anymore, we can't even keep the old stuff operational, let alone make new stuff that works.
This is called 'Whig history' and in my view it is an incorrect characterization of history that gives people a false impression that things will get better without them having to understand the enabling factors that lead to social improvement, ironically leading to the possibility of a decrease in prosperity and social welfare as people take improvement for granted and fail to bring it about through their actions.
Imagine if you did a study on whether air bags in automobiles reduced fatalities, and excluded 'problematic' data involving cases where the occupants were injured by the air bag.
Google search is severely broken.
> the countries that use the same euro currently posted different inflation rates.
this is expected.
> In your economic model we should have evenly distributed inflation.
no one expects inflation to occur uniformly. its well understood that one of the prime distortionary factors that result from money printing is that the price level does not adjust uniformly, but responds to where the money is spent. This is bad for inequality because typically the newly printed dollars are preferentially routed to politically connected client groups who then use these new (unearned) funds to purchase assets at prices that have not had time to adjust to the increased money supply.