509 karma · joined August 9, 2016
American consultants were instrumental in organizing the massive selloff of state assets, and quite a few of them turned around and used their knowledge of the system they created to become quite rich. Andrei Shleifer said as much in an interview on the topic, though I can't find it now.
edit: it seems like someone else posted the same link while I was looking for the interview.
"The International Energy Agency (IEA) estimated that 50 percent of the deficit in European storages was due to the depletion of Gazprom-owned storages, despite the fact that Gazprom only owned 10 percent of European storages. This rapid draining of storages left European gas storage dangerously low at the height of winter, increased market panic, and further inflated gas prices."
https://www.atlanticcouncil.org/blogs/energysource/gazprom-s...
That's odd, because here are some excerpts from President Biden's remarks on covid [1].
"THE PRESIDENT: Good evening, my fellow Americans. I want to talk to you about where we are in the battle against COVID-19, the progress we’ve made, and the work we have left to do.
And it starts with understanding this: Even as the Delta variant 19 [sic] has — COVID-19 — has been hitting this country hard, we have the tools to combat the virus, if we can come together as a country and use those tools.
If we raise our vaccination rate, protect ourselves and others with masking and expanded testing, and identify people who are infected, we can and we will turn the tide on COVID-19.
...
So, let me speak to you directly. Let me speak to you directly to help ease some of your worries.
...
We know that if schools follow the science and implement the safety measures — like testing, masking, adequate ventilation systems that we provided the money for, social distancing, and vaccinations — then children can be safe from COVID-19 in schools."
And here are some from a recent press briefing [2] by the COVID response team:
"MR. ZIENTS: Good afternoon. Thanks for joining us. In a moment, I’ll turn to Drs. Walensky, Fauci, and Murthy.
I’ll start by discussing the progress we’re making on testing, vaccination, and boosters — three critical parts of the President’s six-point plan to accelerate our path out of the pandemic.
First, testing: In the past few months, testing has increased, particularly at-home testing — a convenient option that came to market earlier this year.
To meet this increased demand, the President’s plan ramps up both the availability of tests and access to free testing. In just a matter of weeks, we’ve made significant progress on both fronts.
...
I’ll close with this: We’ve made tremendous progress over the past eight months, and we are executing well against the President’s six-point plan. We’re on the right track, but we need everyone to do their part."
The experts are saying "stay strong and we'll get through this". Meanwhile you are talking about how wearing a piece of cloth on your face is "human rights crushing crap" like we're one step away from the death camps. How is that calming anyone down? And who exactly do you mean when you say "them" anyway? It's a really worrying sign when "they" are always doing all these nefarious things just to frighten and control people. Do you know many in your life who acts that way? If not, why do you imagine that "they" are any different from the people you know? Where do you think "they" live? What do "they" want to do when "they" get home from work today? Do you think "they" read to their children before "they" tuck them in at night?
[1] https://www.whitehouse.gov/briefing-room/speeches-remarks/20...
[2] https://www.whitehouse.gov/briefing-room/press-briefings/202...
Here's a fun thought experiment - if Jeff Bezos (actually Andy Jassy nowadays, but that just proves my point further) suddenly vanished, how many orders would fail to be delivered tomorrow as a result? Literally none. Now suppose everybody else working at Amazon disappeared instead. What happens? The company ceases to meaningfully exist. So who really created that wealth?
The personnel seem a bit more possible, though I'm sure China would not be interested in its most economically productive "citizens" fleeing, so it probably wouldn't allow them through a naval blockade either.
[1] https://www.laserfocusworld.com/blogs/article/14039015/how-d...
Both of those are of course complete science fiction currently, but they're not "thermodynamically impossible" like he seems to suggest. They're 'just' conditioned on a significantly deeper understanding of biochemistry and genetic engineering than we currently have.
Given the current state of the technology and the implications of meat for global warming, I suspect that meat might just become more expensive until it stops being eaten entirely. And when the technology exists to produce it artificially, there won't be a market for it anymore. Speaking as someone who eats meat regularly, it's mostly a matter of conditioning. I don't think I would have independently invented the idea of killing and consuming an animal if other's hadn't taught it to me.
This quote is Elon Musk in a nutshell.
Person A tackles person B to the ground and holds them there against their will. Is that morally acceptable? There's no way to tell.
If A is B's estranged ex-husband and is upset that she hasn't returned his calls, most people would say it's unacceptable behavior. If A is a bystander to a knife attack by B on London bridge, most people would (and did) say that it is justified.
Of course, it's not like there's any sort of clean intervention you can do to just make somebody religious or not and see what happens. So it's not clear to me what causality would even really mean here.
That being said, unlimited PTO is a scam. Nothing more to it.
Imagine if your bank didn't keep track of your account balance, instead offering "unlimited" withdrawals. Then, whenever they feel like you have withdrawn "too much", they terminate your account. Nobody would sign up for that! Unlimited PTO is no different - it's a way to take advantage of the power imbalance between employer and employee, nothing more.
At the same time, Trump is deeply insecure, and is attached to the idea of military power somehow reflecting his own masculinity. Look at his tweets in response to North Korea's provocations, for instance, and how he made them all about him personally. So I think China was careful not to take action that would cause Trump to feel slighted or emasculated and feel a need for direct military action.
So within that narrow area of military pride and perhaps domestic manufacturing, Trump represented a real threat of retaliation and escalation, but beyond that he was pretty much asleep at the wheel.
Th other side of the coin with regard to "economic dynamism" is robustness against systemic shocks. See for instance this company [1] which started over 1000 years ago, and due to its lack of "dynamism" has cash on hand to survive indefinitely with no revenue - a property that turned out useful when a global pandemic disrupted their operations.
Wall Street investors get absolutely no credit from me for expecting to wait ten whole years for their absurd, physics-defying hypergrowth. When they are lining up to fund a stand that will make mochi by hand for the next 1000 years, then I will concede that they may have learned a bit about long-term planning.
[1] https://www.nytimes.com/2020/12/02/business/japan-old-compan...