Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

The Demoralization is just Beginning

geohot.github.io

Post reply on HN
Print view View original

211–220 of 812 posts

Re: The Demoralization is just Beginning

#211

Post by tokioyoyo »

systemf_omega wrote: post #118
lxgr wrote: post #92

Earlier quoted context omitted.

Adjust for living expenses and the situation already looks very different. Then adjust for quality of life...

This has been done before, and America comes out consistently on top. Even the median purchasing power parity (PPP) in the US is frequently ranked highest in the world. The majority of American households in the poorest US states are doing better than the majority of Europeans. This gets amplified if you're a highly sought after professional. Top senior engineers are getting paid $500k-$1M in the US. These are figure…

Have you lived in Denmark, Japan, China, Netherlands and some other countries in the past 10-15 years? I really don’t think you weigh in people’s personal preferences and general quality of life into your equations.

There is a very big reason why there’s no more large swaths of immigrants from European and some Asian countries flocking into the US. Yes there is some, but the times when it was objectively much better to live and grow in the states is in the past. Money is really not the only thing people care about, but it’s hard to understand for people for whom money is the only thing they care about.

Re: The Demoralization is just Beginning

#212

Post by vixen99 »

ikiris wrote: post #78
jazzyjackson wrote: post #58

Earlier quoted context omitted.

Well, it's deferring to experts, but whether economists are experts at anything is a hot debate.

It's only a debate if you reject the very principals of science. I realize we're getting there for a lot of people, but merely disbelieving in science is not a refutal of it. This ignores so called Austrian economists however, who are just flat out lying to either themselves or everyone else depending on the person.

You mean these 'liars': https://en.wikipedia.org/wiki/List_of_Austrian-school_econom.... NB 'principles' and 'rebuttal'.

Re: The Demoralization is just Beginning

#213

Post by saagarjha »

lrvick wrote: post #75

We used to have gold certificates. If you had a $20 gold certificate and converted it to gold in the 1930s, you would get one ounce of gold worth nearly $3k today. Then the government did an exit scam, passing a law that the gold trade in statements on the certificates are void. You can still spend one of these bills today though. For $20. Why should anyone expect any government to indefinitely honor gold certificate…

Instead, you can have it be devalued by a techbro ;)

Re: The Demoralization is just Beginning

#214

Post by tokioyoyo »

gjsman-1000 wrote: post #61
paxys wrote: post #48

Earlier quoted context omitted.

> Not really, no. If China cut off the US, for any reason, who gets hurt more? China gets hurt more. They are an export economy. US will face some temporary pain, sure, but other countries build stuff as well. Meanwhile what does China do with all the materials piling up, millions out of jobs and a half a trillion dollar hole in their economy?

China’s current government quite literally killed 30 million people under the cultural revolution and Great Leap Forward, and until 2015, killed all children past the first. China is not motivated by what makes economic sense. The party openly says this - the very fact corporations exist is a concession to not having achieved pure communism yet. The party openly hates the fact they need an economy, after having faile…

I swear, “Chinese collapse” has been on the news headlines since 2000s. At some point people need to give up on the idea that their system doesn’t work. Yes, it sucks from our perspective, because we would have less rights and freedom. But quality of life of an average Chinese has been increasing YoY, despite some hiccups. They obviously screw up big time (pandemic lockdowns, current above average youth unemployment), but they don’t mind pivoting hard. Baseless hate when a country fails to compete is just sad to watch as an outsider who has no skin in the game.

Re: The Demoralization is just Beginning

#215

Post by rNULLED »

csomar wrote: post #166
nextworddev wrote: post #104

Earlier quoted context omitted.

Doesn’t really work that way

They have nuclear weapons and a massive army/navy. They sure can pressure Brazil to not mess with them.

I think there are multiple issues with nuking the country with your food supply

Re: The Demoralization is just Beginning

#216

Post by ACCount36 »

01HNNWZ0MV43FF wrote: post #46

> I’m talking doubling the US population, bringing in all the factory workers, farmers, miners, engineers, literally anyone who produces value Based?? > Back the dollar by gold Oh haha lol No bud, gold isn't money.

Unrestricted immigration for basically anyone who can prove their mettle (whether by educational attainment, rigorous aptitude testing or just by earning money) is ballsy but could work.

It would require US to start building a metric shitton of housing though, and fast. Otherwise you just get what Canada got, or worse.

Gold standard? That's batshit insane. Like Karl Marx tier of bad fucking ideas on how to change the way economics work.

Re: The Demoralization is just Beginning

#217

Post by TurboTveit »

RajT88 wrote: post #47
selectodude wrote: post #8

Earlier quoted context omitted.

Would’ve been nice if he kept it that way. Good grief.

I will happily read his hot takes over Musk's.

Well he calls himself an "Elon swing voter", so their hot takes may be similar.

https://geohot.github.io/blog/jekyll/update/2024/12/07/elon-...

Re: The Demoralization is just Beginning

#218

Post by aredox »

pfannkuchen wrote: post #194

This feels too all over the place and contains a lot of assertions without evidence. I say this as a person who is very bearish about America. > The sun never set on the British empire. Now they put you in jail for memes. I’m pretty sure they put people in jail for the equivalent of memes during the imperial days, no? The king couldn’t put you away for speaking against him?

geohot is a deeply unserious person.

(See also: his attempt at self-driving, and his "internship" at x/twitter under Elon)

Re: The Demoralization is just Beginning

#219

Post by LarsDu88 »

George Hotz thinks silicon valley companies are all scams... in comparison to... Chinese companies????

I think this guy may need to travel the world a bit more. A lot of companies here are shiite, but you really need to understand what the competition actually looks like under the hood. And I'm not just talking about Chinese government efforts to crank out more commodities, which has been a Communist metric of success since Mao Zedong's time.

Re: The Demoralization is just Beginning

#220

Post by throwaway2037 »

tokioyoyo wrote: post #211
systemf_omega wrote: post #118

Earlier quoted context omitted.

This has been done before, and America comes out consistently on top. Even the median purchasing power parity (PPP) in the US is frequently ranked highest in the world. The majority of American households in the poorest US states are doing better than the majority of Europeans. This gets amplified if you're a highly sought after professional. Top senior engineers are getting paid $500k-$1M in the US. These are figure…

Have you lived in Denmark, Japan, China, Netherlands and some other countries in the past 10-15 years? I really don’t think you weigh in people’s personal preferences and general quality of life into your equations. There is a very big reason why there’s no more large swaths of immigrants from European and some Asian countries flocking into the US. Yes there is some, but the times when it was objectively much better…

    > The majority of American households in the poorest US states are doing better than the majority of Europeans.
I'm so tired of this trope on HN. It comes up over and over again, but never considers non-economic quality of life issues. Take for example public schools: They are awful in poor US states, and good-to-excellent in most highly developed European nations.
Post reply on HN