The trouble with socialism is that eventually you run out of other people’s money. The level of economic freedom in Greece is fortieth out of forty three in the Eurozone. It has been falling like a stone for some time. The real Greek economic crisis has been happening since about 2002, though it was partially hidden by very large amounts of other people’s money until 2009. Supposedly only twenty five …
Category: economics
The Camp of the Saints
The good and the great have announced there is no such thing as an illegal immigrant, in part because anyone who (however implausibly) claims to be a refugee, is legal. Some time ago Australia adopted a policy of turning the boats around,
After white male america
Law enforcement against blacks is inherently racist. Gentrification proceeded under an unprincipled exception. Eric Holder is rolling back that unprincipled exception. Not only does every good progressive know that being black is no indicator of propensity to commit crimes, he also knows that a past history of criminal conduct is no indicator of propensity to commit crimes in future – see “Les Miserables” for the correct progressive position on crime …
The stupid elite
It seems obvious to me that our ruling elite has been getting less and less elite, less and less intelligent, since around 1875, and I have previously produced a great pile of anecdotal data on this subject, for example the endless dumbing down of university entrance tests throughout the twentieth century, the hilarious conversations found in the Challenger inquiry archives, showing spectacular examples of pointy haired boss syndrome, the staff …
The bubble in government paper
Using money as a store of value is inherently problematic. One can store value as canned beans, as rice, but as money? The usual trick to this is to lend money to young people to build homes and start families. The value is stored in their home, the bank holds a lot of mortgages to these homes, and these back a lot of on demand deposits. This creates the notorious …
The Trichotomy
The last time I posted this, people did not like the trefoil graphic, and proposed the triquetra, which has the handy property of symbolizing both Odinism and Christianity. So here is the improved graphic. We need capitalism, because we need wealth and technology, we need patriarchy and tradition, to uphold the enforcement of the marital contract without which our population will disappear, and to keep ethnonationalism in line to prevent …
America number two
“In recent years both the Chinese and American economies have been fundamentally transformed.” In fourteen years, America went from three times the size of the Chinese economy to slightly smaller, and the rate of relative decline shows every sign of quite rapidly accelerating. Chinese GPD per capita is still substantially lower than American GDP per capita, but the number of Chinese with middle class lifestyles is arguably larger than the …
Heroic entrepeneurship after the Restoration
According to the Whig/Marxist version of history, the roots of the Industrial revolution were in the Glorious Revolution, which represented the rights of man and the rising political power of businessmen. There are several problems with this story. One is that the rise of China decisively proves that the rights of corporations matter a whole lot more for economic development than the rights of man, and if you are looking …
No Peak Oil
If you ask what are total estimated reserves of some resource, and divide by the amount produced and consumed, the answer is usually about ten years or so – and has been about ten years for the last several thousand years, because people who look for resources look for resources that they intend to use in the near future, and if they find more than they can use in the …
Famous Barbie realism
A commenter draws my attention to the Barbie book “I Can Be an Actress/I Can Be a Computer Engineer (Barbie) (Deluxe Pictureback)“, which appears to be directly and accurately based on the actual careers of real life affirmative action female engineers in the gaming industry. Barbie is off away in the the art harem, to keep her out the hair of the boys who do the actual programming. I urge …