Microblog Memes

The solution to that historically has been urbanization, which allowed people to become specialists in a chosen field. They get to absorb all the knowledge in a specific field of expertise, and then a select few are smart enough to push it further.

Unfortunately we haven't really managed to apply this to politics yet, because those who are specialists in getting elected aren't necessarily specialists in governing either. Nor are they likely good at governing everything, maybe just a specific part. But picking who is suitable enough is not done by specialists but by the general public, which is both democracy's strength and weakness.

Agreed. It's so tiring actually navigating Wikipedia. I just want a megacorp to select the best bits and inject them directly into my brain when they see fit!

I don't think it will work. Some knowledge you just can't acquire without lived experiences.

The brain drain can already be seen, most have already moved abroad, or are waiting to.

I feel like those 80s motorcycle tariffs are why the US motorcycle industry is so uncompetitive today. In the 80s, HD got fat my making bikes that wouldn't be viable anywhere else in the world. HD didn't have to compete because tariffs guaranteed their market. Meanwhile Honda, Yamaha,. Kawasaki, Suzuki were developing a lean, lightweight model, we saw the convergent evolution of the Universal Japanese Motorcycle and lean production processes. It was specifically those tariffs that made the big 4 what they are today - basically unstoppable.

Targeted tariffs are regularly used for specific reasons. We just don’t normally go all AoE with tariffs.

That's quite the oversimplification, and I approve.

Japan was expanding long before 1930's. Korea, Mongolia, and parts of China were already under Japan long before 1930.

https://saifedean.com/the-fiat-standard-chapter-11

This ones got a good section on the great depression.

"The imposition of trade barriers in turn resulted in a further deterioration of economic conditions in the countries imposing them, even as their own citizens suffered from these very policies. The governments imposing such barriers, and the economists advocating them, would of course never admit that inflation, increasing centralization, and protectionist policies caused the progressively worsening depression. Instead, political leaders blamed other countries and local ethnic minorities. Years of scapegoating and growing hostility toward foreigners and minorities came to a head in 1939. The world's totalitarian fiat regimes began to turn on each other and on their ethnic minorities. Hayek had identified this threat to global peace in his “Monetary Nationalism and International Stability” lectures in 1937."

Dont let facts get in the way of a cheeky social media post.

Looking at this through the lens of "how can the oligarchs benefit", it makes complete sense - Strip all government assistance, remove social nets, add tariffs that will basically kill most small businesses (think also farms, mom and pop shops, etc). Lead to depression, billionaires swoop in and buy up land/homes/business for pennies on the dollar (or just basically crush small businesses to get them out of the way). One couldn't design a better way to fuck over everyone and enrich the oligarchs

My macroecon book, which was written by a guy from the Bush administration, hit us over the head with that concept.

It's strange to thing that he'd be considered a pariah by his party's leadership now.

Yeah we can't make everything.

Not only do most of those low level factory jobs suck we simply don't have the workers, we're at less than 5% unemployment.

you can't make Americans sit and sew Jeans

You can with

🌈🦄 ✨ slavery ✨🦄 🌈

Aren't you glad Trump promised you don't have to vote ever again now?

Because that's the platform that needs to hear it

Circlejerk preaching to the choir is fun, but doesn't reach the people who need to hear it