176 karma · joined July 29, 2021
Agreed. Very Ugolino.
Banks can’t give out fake loans. They try to all the time and are rightfully regulated/fined/charged when they do.
Banks giving out bad loans caused the 2008 collapse. Student loans will one day cause a similar problem but it won’t be big banks going bankrupt, it will be us. Hearing that 20% are obvious fraud doesn’t even surprise anyone. Imagine a bank saying 20% of their loans are fraud but it’s “not their job” to check that loans are given to anonymous recipients who don’t bother to provide even a fake name!
It’s a crime. Like the banks, the people at the top are aware but profit off doing nothing. That they work for the taxpayers just makes it that much more criminal, not less!
Unfortunately the dominant party also benefits from all of this fraud, so it is ultimately a political problem. Until there is viable outside political competition, there will continue to be zero accountability and wide scale fraud and corruption. User count = money = political power/voters. Mainstream candidates are owned, and so the only solution involves draining the swamp so to speak and it’s pretty clear at this point, the swamp usually wins.
Make them legally accountable.
Banks can’t assist fraudsters and then say “not my job.” The administrators should be jailed or lending to colleges with this problem should stop.
A better way would be to protect people by not making policy decisions that reward bad behavior and punish those who avoid debt and save. Rewarding terrible behavior may get you elected but it’s bad for society. Like giving candy to pacify a cranky baby.
But such opinions have become verboten now, and actually censored.
If you read up on the sociology of professional specialization you’ll learn that most technical complexity in a field is there for competitive purposes. Jargon exists more exclude and obscure than to facilitate.
So one predicts less productivity as competition increases lead to complexification of professions. This is all because higher education is broken. One of the functions of higher education, perhaps it’s most important function, is allocating human capital efficiently. It’s fully derelict in this, preferring instead to sell credentials to labor that labor doesn’t need, at the expense of the debt holders and students, to the delight of corporations. The result is zero productivity going back to the early 70’s.
It would be a useful study, to the extent Covid remains a concern for public health agencies. If you are familiar with poverty in America, you wouldn’t think sanitation and parasites aren’t issues here. They just aren’t as common.
If anyone were in a position to know whether it’s possible, and how to do it, he’d be on the list.
I think, regardless of his history regarding open source, water under the bridge long ago, he is worth taking seriously if we want to be prepared for the next one, which may come soon.
[0] https://www.penguinrandomhouse.com/books/704751/how-to-preve...
I read Scott’s piece the day it was published and was over all impressed but don’t buy the conclusion. Westerners are filled with all sorts of parasites and as far as I’m aware we are not universally cleaner in that regard, for example with worms, than other places. That to me suggests that to the extent a significant fraction of the population would benefit from deworming, ivermectin’s widespread use in some of our hospitals during the pandemic was not entirely illfounded and may have even played a part in more than one life saving treatment regimen.
So I would love evidence that says clearly why it doesn’t work here but works in poorer places because somehow Americans are too good for parasites. My experience tells me this is wrong, and many Americans are carrying all sorts of bugs. Go read the Amazon reviews for proguard!
People don’t complain about Floridians or iowaians. It’s always the brown bodies from California “driving up prices” and “drinking all the water.” California is a dog whistle for anti-immigrant viewpoints. “Folks from California.” We know who you mean when you say that. Immigrants and other “water drinkers.”
Elon polled Twitter users about this and the response was overwhelmingly in favor of open source and transparency. Everyone on Twitter got a vote.
If you oppose transparency, as many now are, you lose your credibility. So it’s another one of Elon’s people hacks, and look at all the morons falling for it.
https://today.duke.edu/2022/03/lead-exposure-last-century-sh...
“These entangled dynamics have also fuelled a favourable political environment for Trump, who has combined a corrupt and conservative agenda with stark claims about media corruption and demagogic incitements to violence.”
This is why people disregard the value of historical study. As though it were important scholarly work, not just an anti-Trump piece disguised as “analysis.”