882 karma · joined August 9, 2017
These economists expressed the correct viewpoint that benefits the capital class so their viewpoint and credentials are validated and legitimized. “Right-thinking economists” are promoted while economists that have views that dont benefit multinational corporate interest are pushed to the fringes.
This is extremely well documented and when you see it spelled out in the book you will not be able to see the world in the same way.
Lex Friedman was nobody until he published a study that self driving cars were safe while Elon musk was in the midst of legal battles for his cars killing people. Lex Friedman is a “right thinking” academic so next thing you know Elon musk is talking on his podcast calling Lex “the smartest person in the world” despite having almost no credentials.
It’s literally the governments job to build out the infrastructure for society to thrive. Don’t blame technology for getting better, blame the government for not doing their job.
Blaming tech for using power is regressive, the real issue here is bad energy policy.
You can add layers of high quality simple systems to increase your overall security exponentially, think using a VPN behind TOR etc.
It would not be strange at all. We are constantly evolving and so is our environment. This argument is very similar to the "efficient market fallacy", if the market was perfectly efficient there would be no opportunity to create value, but in reality it is highly imperfect.
You already have to spend time researching airlines, buying tickets in advance, etc. but now in addition to that there is a completely contrived layer of bullshit I need to know about.
You can extend this concept even further and imagine literal series of hoops that you must jump through to earn “cash back” on your ticket at the end of the flight.
There might be some benefits to price discrimination (which is in effect what a point systems achieves) but the collective time wasted dicking around with points isn’t worth it. Make all point systems illegal.
I am not saying you’re wrong, but please educate me why is this form of corruption/cronyism is unique to fascism?
What is a VIP moment? Does this mean they care more about safety when there is a VIP flying?
https://www.vice.com/en/article/what-we-knowand-dont-knowabo...
Also in the context of federal budget, 1% is a huge number since most of the budget (like social security, interest payments, and Medicaid) is non negotiable.
~30B a year (USAID budget) is enough to make improvements domestically, e.g free college for 10% of students, transportation, housing, etc.
The difference is that in these systems the government has some stake — whether it’s providing the public insurance fund, or owning the company itself — so that the government is financially incentivized to reduce costs.
In the US case everything is private so all parties are incentivized to increase costs as much as possible.
We really should to copy the Bismarck model. Public owned “public fund”, heavily regulated private insurance and care.
In a factory you have many components operating near or at capacity. In a high growth environment you want all of your components working at capacity to explore the problem space and optimize.