188 karma · joined October 17, 2024
You want to marry someone? Make sure the government approves for your safety.
Want to make dinner? First you have to send the recipe to your local overseer with proof of your safe cooking credentials or you will have to pay heafty fines for noncompliance.
Want to make love, read a book, speak your mind, make a contract with someone, work the job you want? Sorry, you can't decide that yourself, first the politburo must approve it.
Sounds great!
The reasons are mentioned every single time these laws are brought up, I can only assume you're willfully ignoring the concerns people have:
It's a security black hole, increasing our attack surface astronomically.
It causes undue compliance costs for websites to meet basic security standards.
It does not reliably prevent the determined teenager from bypassing these restrictions, e.g. with a vpn, but imposes enormous costs on allegedly a nontarget demograpgic (e.g. everyone else). Small benefit with a large cost is a bad policy.
The problem is entirely manufactured by bureaucrats, the public is concerned with gas prices and making ends meet. The parents that are concerned about their child's internet access can and do take the appropriate precautions because child controls already exist.
Whatever justification is given, the end result is mass surveillance, with the expected consequences in reduction of personal and social liberties. This is nothing to scoff at.
[1] https://frame.work/products/fingerprint-reader-kit?v=FRANTD0...
Certainly, though nothing about the quoted fact that 97% of forest was uninhabited should lead us to make statements like "the pristine untouched Amazon idea is a European myth", nor does it give any information to go off of regarding their possible knowledge of environmental engineering.
Intellectual property creates compensation without a corresponding benefit to the public.
Edit: to add to this, the existence of copyright today does not show it has been effective for creating innovation. You need a counterfactual for that, which you did not provide.
China's hostility is not hypothetical. The US's hostility is not universal. I think my point about ignorance or propaganda is proven by your statement.
Money is a medium of exchange. It is used by exchanging it for something else. A loan involves trading money in the present, which is more valuable, for money in the future. What produces value here is surrendering present goods indirectly through the intermediary of money. The creditor gives up consumption so that others can consume or produce earlier than they otherwise could have in absence of the loan. This is the value produced by loans in the eyes of the debtor.
> Now you're getting it!
Notice how any market automatically involves said accounting immediately when money is used. Your earlier insistence that markets and capitalism are distinct cannot be maintained.
You might have noticed that I was not dismissing the costs of gambling. I was pointing out that merely pointing to the cost does not establish that a thing should not exist or that it should be regulated. Just as pointing to the benefit does not establish the opposite. Rather, that depends on whether one regards the benefits as worth the costs, which is not something established scientifically, but is a political matter based on your preferences and ideology.
> The rules and conditions of the game must be fair, even if the outcome of the game isn’t.
What counts as fair depends on the standard you use. I say what is fair that which serves a social function. Insider trading serves a social function because it more efficiently communicates knowledge about production to others. The arbitrage of insider trading which people abhor motivates insiders to eliminate those information asymmetries by engaging in insider trading. The specific profit that insider trading endows to insiders which people lambast as unfair is, in fact, the source of its fairness, because it communicates knowledge previously unknown to the market.
Communication of knowledge is also a productive activity. Laws which restrict it are unfair because they preserve or limit the means by which information asymmetries are eliminated. Laws against insider trading force information asymmetries to remain, causing a permanent rent to exist. The insiders, rather than reaping a temporary profit that communicates information, now are motivated to benefit from their information in ways that do not share it with society at large; their insider information becomes an economic rent, but one without any social function. This is quite unfair.
The social function of prediction markets is similar to that of insider trading. If you want to perpetuate unfair rentseeking, then please go ahead and regulate it.
> Housing is not an asset to society or the economy, it's a drain that wastes money on preserving human life.
You are equivocating between asset in the sense of 'generally useful thing', and the sense I used above which is a capital good. Housing is obviously a useful thing and necessary, just as all other consumptive goods like food, clothing, etc. That makes it an 'asset' in the former sense to people (there is no such thing as useful to the economy, which is just an abstraction). But housing, food, and clothing are not assets in the latter sense. I.e., paying for housing is a consumptive act and not a productive act. There is nothing good or bad about either, the distinction is simply a distinction of economic function. Eating is important, but eating uses up resources; it is consumption. Cooking is important, but it is not eating, you don't get anything out of it until you eat; it is production. Both rely on each other, neither can be given up completely without harm.
Thus, a proper balance must be struck, because it would be foolish and self-destructive to only consume. If there was only consumption, then this would simply sacrifice your future and you would not be able to survive after you have used up what was produced before. The question is about whether you want a stable, regular, and lasting way to be able to have valuable things like housing, food, and clothing. To do that, you have to refrain from consuming your entire stock of assets, you have to refrain from using up all the resources you have. But that is what you would to if you took all the capital that companies have saved up and consumed it. The purpose of my original post was to point out that you can't look at production as if it were consumption, they have different roles and if you mistake production as an opportunity to consume, it is self-destructive.
Replying by ignoring this distinction and instead making a strawman will not prevent your perspective from being self destructive.
The distinction between capitalism and earlier forms of production is that money provides a means to index the yield of assets by capitalizing the value of those assets. The ability to quantitatively track the yield provides the ability to determine whether you are able to replace the asset or if you are consuming it. Accumulation can be planned by resolving to consume less than the yield of the asset. Capital and capital accounting, too, has existed nearly as long as civilization has existed. But the cause of the yield is in principle no different from the yield of resources in pre-history, which is refraining from consuming more than you produce. What is unique is the ability to determine the economic yield of things quantitatively, not procedure by which wealth accumulates.