Two parts of this short and powerful piece really leapt out at me: > all under the auspices of a hard line Republican administration > Washington under any administration will have no choice but to bail out all the state and local agencies and every insolvent pension scheme wholesale There are underlying problems being forced to the surface by COVID that go deeper than political parties. Somewhere between the 1970s a…
>Somewhere between the 1970s and 2000s I think you'll find it was precisely 1971.
Pyrrhic Victory
11–20 of 180 posts
Re: Pyrrhic Victory
#12Earlier quoted context omitted.
The BLM protesters and related events smashed, looted and burned a lot of retail locations a couple weeks ago. During/after most retail locations boarded up, even 10 miles from downtown SF. This is not that unusual in the US, and happened in previous years in LA and Oakland. It's not to close long term - it's to survive until the next day or week.
They were also boarded up a month or two before the protests... At least in Seattle. It's loss prevention - don't leave merchandise visible behind windows if the entire street will be empty for months to come. Edit - E.g. This business which was not out of the ordinary when it boarded up end of March. https://www.instagram.com/p/B-GT1hhgPZS/?igshid=12qp4pjwu2jv...
Jewelry stores were previously boarded up in SF, but operating grocery stores, Target, and Walgreen's seemed to be a new thing.
Stonestown Mall, which is a long way from downtown SF, suddenly boarded up McD and Target during the protests.
Re: Pyrrhic Victory
#13Earlier quoted context omitted.
>Somewhere between the 1970s and 2000s I think you'll find it was precisely 1971.
https://wtfhappenedin1971.com/
Some of the arrows are so randomly placed it reminds me of:
https://www.tylervigen.com/spurious-correlations
https://www.buzzfeednews.com/article/kjh2110/the-10-most-biz...
Re: Pyrrhic Victory
#14One of my parents is a pensioner and their attitude towards money is that "I earned it, and so it's my money," regardless of whether that money is in their accounts or in their monthly check. They really do view all of that money which comes to them as being an entitlement which is already funded, and not part of an ecumenical system of money. > I have very clear memories of the political battles of the 1980s and 90s…
Social security taxes were never reduced. Income taxes have been through various taxation schemes but the total Federal tax revenue as percentage of GDP typically always hovers just under 20% regardless of tax legislation: https://fred.stlouisfed.org/series/FYFRGDA188S
Because the effective tax rate never really changes that much.
Re: Pyrrhic Victory
#15You ought to see Atlanta. We have more people outside now than even live in the city. The yuppie dog parks with membership fees and booze have waiting lines.
Consequently, you should also take a look at the Georgia coronavirus case volume. But it's as if nobody gives a damn.
Re: Pyrrhic Victory
#16Two parts of this short and powerful piece really leapt out at me: > all under the auspices of a hard line Republican administration > Washington under any administration will have no choice but to bail out all the state and local agencies and every insolvent pension scheme wholesale There are underlying problems being forced to the surface by COVID that go deeper than political parties. Somewhere between the 1970s a…
Economy is NOT a social construct, fabricated or not. Economic laws are direct consequences of physical laws (i.e. scarcity is the result of Fermi statistics which makes material things to take space and of the no-cloning theorem which means the material things cannot just pop into existence because somebody wished them), or otherwise rather tautological mathematical statements (for example the first welfare theorem or the law of comparative advantage). Economy doesn't require humanity or consciousness to exist, it's a resource allocation and optimization algorithm.
So is political means of acquiring wealth - this is known as intra-species aggression and is common to all social species; this is another, older, and less efficient, algorithm for resource allocation.
Basically, every time politicians and their enforcers barge in to "fix" things they break the efficient algorithm (aka "market economy") to replace it with the older one (aka "the biggest ape gets to boss others around"). And, yes, it doesn't make any economic sense. "Bailouts" are nothing more than taking from many people by force and giving to few politically-connected ones. It's just indirect form of force: instead of simply looting, they print more money - but everybody else is prevented by force by doing the same, so they have no choice but to see the value of their money to decline and be transferred to the recipients of new money.
Re: Pyrrhic Victory
#17Earlier quoted context omitted.
https://wtfhappenedin1971.com/
Some of the arrows are so randomly placed it reminds me of: https://www.tylervigen.com/spurious-correlations https://www.buzzfeednews.com/article/kjh2110/the-10-most-biz...
They all seems to point to 1971, nothing random about that
I understand that correlation != causation, but it also seems obvious that getting out of Bretton Woods has some major impact
Re: Pyrrhic Victory
#18[deleted]
Re: Pyrrhic Victory
#19You ought to see Atlanta. We have more people outside now than even live in the city. The yuppie dog parks with membership fees and booze have waiting lines. Consequently, you should also take a look at the Georgia coronavirus case volume. But it's as if nobody gives a damn.
https://ga-covid19.ondemand.sas.com/ looks like case count has been flat for the past couple months and deaths are down.
Re: Pyrrhic Victory
#20You ought to see Atlanta. We have more people outside now than even live in the city. The yuppie dog parks with membership fees and booze have waiting lines. Consequently, you should also take a look at the Georgia coronavirus case volume. But it's as if nobody gives a damn.
https://ga-covid19.ondemand.sas.com/ looks like case count has been flat for the past couple months and deaths are down.
Flat? there is literally a second peak on the daily case count chart and a 3rd peak is forming. Deaths have been dropping but are now flattening off and primed to rise.