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The Demoralization is just Beginning

geohot.github.io

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Re: The Demoralization is just Beginning

#451

Post by DaiPlusPlus »

wahnfrieden wrote: post #445
RivieraKid wrote: post #440

This started out interesting but then the red flags started to pop up. Going to jail in Europe for posting memes, gold standard, salivating over doing something that benefits the US and hurts countries that are already poorer than the US. He has strong opinions on economics, but doesn't understand it. His points about economics are partially true but either subtly incorrect or interpreted incorrectly.

It's geohot Leading with a Curtis Yarvin citation as supporting material

Genuine question: Is George qualified to be making statements concerning economic outlook?

Re: The Demoralization is just Beginning

#452

Post by rco8786 »

RivieraKid wrote: post #440

This started out interesting but then the red flags started to pop up. Going to jail in Europe for posting memes, gold standard, salivating over doing something that benefits the US and hurts countries that are already poorer than the US. He has strong opinions on economics, but doesn't understand it. His points about economics are partially true but either subtly incorrect or interpreted incorrectly.

Yea I had the exact same experience reading this.

Re: The Demoralization is just Beginning

#453

Post by southernplaces7 »

flyinglizard wrote: post #420
southernplaces7 wrote: post #408

Earlier quoted context omitted.

>And a dictatorship. Democracy does not fit very well with long term plans Say again? If we're talking strictly about the United States as per the article that inspired this post, the U.S. is a case study of a prosperous, remarkably stable democracy steadily increasing its prosperity, wealth, influence and power while also for the vast majority of its history investing for the long term and in vital infrastructure. T…

In the US of 50 years ago, democracy was protected by codes of conduct, honor, and most importantly, strong content moderation in the form of monopolistic legacy media. All of this went out the door with the rise of social networks and the demise of legacy media. I don't see how democracy has the tools to survive populists with direct connection to the voting public. Even if elections happen in 2028, there's a good c…

>democracy was protected by codes of conduct, honor, and most importantly, strong content moderation in the form of monopolistic legacy media.

50 years ago? Perhaps some of what you describe applied, in very limited form and only if you view a small segment of the media/political landscape with extremely rose-tinted glasses, but go read more of U.S media history to see how completely off base you really are.

Media in the United states has spent most of its history being absolutely saturated with extremely yellow, scandal-mongering political hack journalism of the absolute most dishonest kind you can imagine (yes even in the age of social media). This was the case throughout the 19th century, the whole early part of the 20th century and it certainly applied 50 years ago, which would be roughly the late 60's to the 70s.

Overall, i'd say you have no idea at all of what you're talking about and pulled this funny notion out of nowhere for the sake of forcing an alarmist point.

Re: The Demoralization is just Beginning

#454

Post by bsenftner »

lqet wrote: post #443
flyinglizard wrote: post #410

Earlier quoted context omitted.

At this point in time, US is the global leader in personal freedoms, culture and financial opportunities. These are the things people are looking to immigrate towards. Personal freedoms can't be manufactured. They are a product of the underlying system governing a country. The US has very strong institutions and legal framework in the form of the constitution (again, at this point in time; I expect the current admin…

> These are the things people are looking to immigrate towards. In the academic world, I am definitely seeing brain-drain from the EU towards China now. 10-20 years ago, it was almost exclusively the US. I expect this shift to rapidly continue now. From a European perspective, China appears to be more stable than the US at the moment. > The language of the world in English, Hollywood is American, Hip hop is American…

If I've learned anything in my 60 years, it's that China can do the USA better than the USA can. Give it a few more short years, and "Hollywood" will be recognized as Chinese. I used to work at a Los Angeles based Academy Award winning VFX studio, now bankrupt because that is how Hollywood treats it's own, and everyone that remained in the business is now in China, developing their VFX and film industry. They even dropped their personal western names and now use Chinese names. They report life is far better there.

Re: The Demoralization is just Beginning

#455

Post by dudefeliciano »

RivieraKid wrote: post #440

This started out interesting but then the red flags started to pop up. Going to jail in Europe for posting memes, gold standard, salivating over doing something that benefits the US and hurts countries that are already poorer than the US. He has strong opinions on economics, but doesn't understand it. His points about economics are partially true but either subtly incorrect or interpreted incorrectly.

is there any reliable source for that "going to jail in europe for posting memes"? I keep seeing this argument in online arguments, but can not find a credible source

Re: The Demoralization is just Beginning

#456

Post by jmyeet »

RivieraKid wrote: post #440

This started out interesting but then the red flags started to pop up. Going to jail in Europe for posting memes, gold standard, salivating over doing something that benefits the US and hurts countries that are already poorer than the US. He has strong opinions on economics, but doesn't understand it. His points about economics are partially true but either subtly incorrect or interpreted incorrectly.

It didn't even start out interesting. The main product of the US is weapons not "the dollar". Electricity generation is a metric for what exactly? China's popoulation is rapidly urbanizing. That's all that shows.

But the killer is the gold standard. The author seems to be confusing this with fractional reserve banking. Interestingly, they're anti-crypto, which is kinda odd because most gold bugs became crypto bros.

China's foreign policy is very different. China invests in creating infrastructure in countries to help make them future customers for Chinese products. US foreign policy is simply to loot the Global South and to use foreign aid as a form of economic imperialism.

Re: The Demoralization is just Beginning

#457

Post by cvwright »

chazhaz wrote: post #436
rsanek wrote: post #400

Earlier quoted context omitted.

income inequality today is about the same as it was 100 years ago. https://ourworldindata.org/how-has-income-inequality-within-...

...and about twice what it was 50 years ago. How have Sweden, Japan, France, etc. managed to keep income inequality around postwar lows while America hasn't?

> How have Sweden, Japan, France, etc. managed to keep income inequality around postwar lows while America hasn't?

They didn’t import millions of poor people to do all the dirty or unpleasant jobs in their countries.

Re: The Demoralization is just Beginning

#458

Post by RivieraKid »

janalsncm wrote: post #99
jazzyjackson wrote: post #55

Earlier quoted context omitted.

Right, velocity of money! I think this is the meatier part of the essay and I wish geohot would have skipped the bit about the gold standard - our main measure of growth is how quickly we hand money back and forth (is there another measure that allows expenditures to cancel out ? Net Domestic Product ?) The graph that shocked me tho was the electricity production, I didn't realize US was so flat but it rings true, I…

Intuitively, if a toaster costs 5x in the US what it would cost in China, GDP says that a sale in the US was more productive when in reality it’s the same thing in both places. My opinion is the money is a means to an end and we’d be served better by focusing on those ends instead: healthcare, housing, education, life expectancy etc.

The question is why would people buy a US-made toaster if the Chinese is 5 times cheaper.

Re: The Demoralization is just Beginning

#459

Post by braiamp »

DaiPlusPlus wrote: post #451
wahnfrieden wrote: post #445

Earlier quoted context omitted.

It's geohot Leading with a Curtis Yarvin citation as supporting material

Genuine question: Is George qualified to be making statements concerning economic outlook?

Think about this: in a complex enough information system, there's almost no one that understands all of it, therefore you need teams to take care of certain functions and processes. Multiply that by 3x10^33 and you have a economic system. Creating a representative of society like the state and the state creating institutions responsible of education, housing, finances, security, food production, etc. is why countries advance as a collective of individuals.

No individual, other than setting up lofty but ambiguous goals like reducing hunger/malnutrition, understand how or why certain goals should or not be set for certain sectors and why the processes are what they are to accomplish them.

Re: The Demoralization is just Beginning

#460

Post by Clubber »

dudefeliciano wrote: post #455
RivieraKid wrote: post #440

This started out interesting but then the red flags started to pop up. Going to jail in Europe for posting memes, gold standard, salivating over doing something that benefits the US and hurts countries that are already poorer than the US. He has strong opinions on economics, but doesn't understand it. His points about economics are partially true but either subtly incorrect or interpreted incorrectly.

is there any reliable source for that "going to jail in europe for posting memes"? I keep seeing this argument in online arguments, but can not find a credible source

https://www.youtube.com/watch?v=-bMzFDpfDwc

https://www.bbc.com/news/uk-scotland-glasgow-west-43478925

https://www.cheshire.police.uk/news/cheshire/news/articles/2...

These things seem abhorrent to Americans who have nearly unlimited free speech protection.

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