Archive for the ‘economics’ Category

The Camp of the Saints

Monday, May 18th, 2015

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, (more…)

After white male america

Wednesday, May 13th, 2015

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 and punishment, which is, pretty much, that punishment is horribly oppressive and old fashioned.

Thus Krystalnacht in the small parts of Baltimore where whites are permitted, areas which were suddenly revealed as a precarious ghetto subject to the terrifying whims of a non white male majority.

If white nationalists were allowed to behave the way the rioters were, we would be back to overwhelming white majority lickety spit.

I suspect that most of the Cathedral is quite comfortable with gentrification, and are horrified to see it rolled back, but, because no enemies to the left, are unable to restrain the radicals among them.

After all, if the radical program succeeds, and ethnically cleansing white males becomes the next big holy cause, the way ladyboys were yesterday’s holy cause, each member of the establishment wants to be last to be fed to the crocodiles, and to this end will industriously feed his fellow establishment members to the crocodiles.

If Baltimore is being ethnically cleansed of whites because two thirds black, then this has no great implications for the rest of America. There is a lot of ruin in a nation. We let leftists destroy Detroit out of hatred for whites, we can let them destroy a hundred Detroits.

If on other hand Baltimore is being ethnically cleansed because the New York Times and Eric Holder are rolling back the unprincipled exception that white laws are enforced on black people, then every white male in America is in the same boat as white males in Baltimore.

The obscure town of Ferguson, Missouri remains in the spotlight of national concern because in Ferguson the cops tend to be white and the criminals black. Something must be done about this! Of course, this pattern is observable everywhere in the United States. Ferguson is an extremely average town.  Liberal cities like Santa Monica, CA tend to have racial disparities in arrest rates that are much worse. Indeed, the more liberal the city, the more that arrests consist of whites punishing blacks.

Because blacks are naturally and inevitably violent and subhuman, law enforcement is naturally and inevitably racist. Did I hear someone say “Not all blacks are like that”? But when you take statistics over all arrests, all unpleasant encounters between police and citizens, as Eric Holder has been doing, you get the mean, the median, and the mode, and the mean, the median, and the mode is that law enforcement consists of blacks being vicious subhuman thugs and whites stopping them, which is racist. So Eric Holder issues an injunction to stop this racism, which is to say, to stop police from protecting whites against black violence.

If all men are created equal, it is morally wrong for police to protect whites from black violence. And Eric Holder has proven this, in a court of law, over and over again.

If the Obama Administration and the press were out to do to every municipality in America what they’ve talked of doing to Ferguson, the country would soon become a lawless Mad Max post-apocalyptic wasteland.

Conservatives tend to suppose that progressives are basically sane, so will refrain from making the US into a lawless Mad Max post-apocalyptic wasteland.

I don’t think progressives actually think things through, I don’t think they ask themselves “would it be good if we progressives, acting as a whole, did X”. Rather each progressive does that which maximizes his status relative to other progressives, makes him holier than the next progressive, and if the net effect of all these holy actions by all these holy progressives is utterly disastrous, they rewrite history and reality that the net effect is just wonderful.

Eric Holder is just proving himself more holy by burning down Ferguson and Baltimore, and if that works, over time, lots of people will prove themselves more holy by burning down lots more.

Since trannie acceptance has maxed out with seven year olds being taught transexuality rather than the three Rs, each of the elements of the Cathedral is casting around for some new cause to be the next big thing.

And what they are right now trying on is getting rid of white males. It is ambitious, but with leftism moving left ever faster, with the overton window shrinking ever smaller, pays to be ambitious, to be in there first with the next big thing.

Quite likely there will be a reaction that causes them to try something less ambitious before all America is on fire. And quite likely there will not be.

Something similar to this happened in the period 1953 to 1969 leading to the 1967 race riots which ultimately resulted in the ethnic cleansing of whites out of Detroit and many other places, and it was rolled back, leading to the era of gentrification.

People take it for granted that “the inner city” is occupied by hostile subhuman savages. But in most of the world the inner city is where the civilized and elite upper crust live and play, since it is naturally desirable to be close to the center of things, and the subhuman savages are excluded to the exurbs, the favelas, where land is naturally cheap. And, until the Warren Court, that was the way it was in America. The Inner City went black due to the courts privileging black violence against whites. If do an ngrams search on inner city and you go through google books by date, you don’t see references to the inner cities being a scary dangerous place, poor and black, until you see references to civil rights and such, until the Warren Court period. The inner cities are the way they are because, during the Warren court period, whites, rendered second class citizens, denied the right of collective self defense, were ethnically cleansed out of the most desirable real estate, with the result that it became the least desirable real estate.

In the fifties and sixties, the courts systematically abused judicial discretion and due process protections to excuse criminals generally and black attacks on whites in particular. Due process protections were systematically abused to obtain the substantive result that it was difficult to punish crime, and near impossible to punish black crime against white people.

To counter this, the politicians struck back against the judges with mandatory sentencing and terrifyingly broad prosecutorial powers, prosecutorial discretion being abused to counter abusive judicial discretion, and punitive prosecutorial process being abused to counter judicial abuse of due process to obtain substantive results.

Gentrification ensued – or rather regentrification, as parts of the inner city resumed the civilized character that they had had before Civil Rights and the Warren Court.

But since then, with unlimited nonwhite underclass immigration, with huge numbers of foreigners entering the country to live on crime and welfare, which is to say, to live on white males, the white vote has become effectively irrelevant. Most white males vote outside the Overton window, in that they will reliably vote for whichever major politician is closest to the right edge of the Overton window. Single women tend to live on welfare and affirmative action jobs, so vote with non whites.

The great majority of white males already vote for the rightmost candidate permitted.  What are we going to do?  Vote twice?   Backlash is just not going to have any noticeable electoral impact.   There is no substantial electoral downside to hating white males twice as much as the other guy and thus being twice as holy.  As a tidal wave of non white underclass immigration floods the country to live on crime and welfare, the white male vote becomes increasingly irrelevant.  Everyone is asking themselves what they can do to win these new voters.   No one wonders what will influence white males.

Thus the kind of political backlash that occurred against the courts allowing criminals to go free, that led to mandatory sentencing and alarmingly broad prosecutorial powers, is now politically irrelevant. It will not change electoral outcomes.  It does not matter how white males vote, because most of them already vote their interests, and if even more of them vote their interests, that adds up to not many votes up for grabs.

These days, alarmingly broad prosecutorial powers are apt to be used against any person who attempts to defend himself against black violence.

With white males effectively already a minority, quite likely there will not be reaction that causes them to try something less ambitious – quite likely this will slowly escalate into the coming purge of whites as a market dominant minority.

It is early days yet, but that is the way the wind blows.

And it seems to be working as a political cause. Baltimore and similar riots America wide seem to be gaining the Cathedral support. Only white males care, and they already vote for the least progressive candidate. All the church ladies are having orgasms for the manly rioters, and worrying about how the rioters are oppressed victims.

Whites are well on the way to becoming a market dominant minority. Market dominant minorities tend to get ethnically cleansed or genocided, sooner or later. Further, the necessary mythos for genocide and ethnic cleansing is already in place. We whites, merely by existing, cast baleful magic spells that cause all other groups to underperform. It is like original sin. We can only atone by vanishing. Pretty much everyone believes this, including most whites. Whites possess the evil magic mind control powers previously attributed to Jews.

The nominally Christian Churches, like the mainstream media, are all preaching we deserve ethnic cleansing for our sins, for casting these evil spells. Our powerlessness in the face of ethnic cleansing makes all white males look beta, so naturally all women will vote alpha. Women always identify with the conqueror against their own people.

Progressives collect mountains of evidence that group x is doing poorly compared to white males, for numerous values of x, and there really are only two possible explanations. Evil white males are casting evil spells harming members of group x, or group x really is inferior and needs to be ruled by their betters.

And, of course, no decent person would suggest that group x really is inferior and needs to be ruled by their betters.

Libertarians and Conservative Christians attempt to mark out a position somewhere in the middle, avoiding these two extremes, but a position in the middle turns out to be mighty slippery, seems that rather than avoiding both extremes, they embrace both extremes, depending on whether they are being criticized from the left or the right. Whenever they explicitly deny one position, they implicitly affirm the other.

But I really was not expecting the market dominant minority treatment until whites really were a minority. Cleansing Baltimore the way Detroit was cleansed seems premature. Efforts to cleanse New York, Baltimore style, have been forcefully checked by good old fashioned politically incorrect policing. But if ethnic cleansing is the next big cause, the way ladyboys were the last big cause, the New York check is only temporary,

From the point of view of the Cathedral as a whole, it does not make sense to make a start on ethnic cleansing and genocide so soon, but from the point of view of any one member, any one faction, any one conspiracy within the Cathedral, if ethnic cleansing and eventually genocide is inevitable sooner or later, it is in the interest of any one element of the Cathedral to try for sooner, to gain a status advantage by jumping the gun on the next big thing.

The Cathedral is more like a cancer than a conspiracy. It is not necessarily capable of following its own best interests.

Where do whites go from here? Alaska and Australia are looking good. Settlement of the Arctic is forbidden. Settlement of Antarctica is similarly forbidden, but Australia, the last white haven, has a claim, not internationally recognized, to most of the interesting parts of Antarctica.

Or we could do what the Koreans did – repel troublemakers and cops alike.

Recall the Cronulla beach riots. Police were ordered to back the Muslim rioters and repress the white rioters, but were either unable to obey those orders, or disinclined to obey them very effectively, whereupon the whites made short work of the Muslims.

Ethnic cleansing of white males from most of America, with the probable exception of Alaska, begins. It will not happen all at once, but rather, one city after another, one excuse after another. First Ferguson, now Baltimore, Krystalnacht proceeds.

Quite possibly it will hit determined opposition, and be postponed a decade or two, or many decades, until whites truly are a minority. Early days as yet. But so far, seems to be sufficient that white males are minority, and white females are being taught to despise them.

Because effective law enforcement against blacks is racist, and since the declaration of independence has been an unprincipled exception, and unprincipled exceptions get rolled back one by one, there is no lasting solution short of moving to Alaska, or rolling the enlightenment all the way back, back to that all men were not created equal, and women do not count at all.

Any politically thinkable solution merely postpones the inevitable, temporarily keeping the unprincipled exception in place to allow gentrification, and preserve areas already gentrified. Any permanent solution is going to require the politically unthinkable

And by the unthinkable I don’t mean Nazism or white nationalism. Nazis were leftists in 1930, Roosevelt on steroids, became rightists in that the rest of the left continued to move ever leftwards. I mean the reaction of the eighteenth century.

Because the establishment is secretly not all that keen on the latest program, because the establishment rather likes gentrification, it is likely that whites could fight back, and not be crushed by the united power of the state, because the state is not really all that united. We really should try a Cronulla, we should render unsafe white areas safe by judicious lynching of particularly badly behaved blacks and/or wholesale removal of nonwhites, yet I see no one trying that.

We cannot continue the enlightenment project because the effective law enforcement that preserved parts of America for whites is an unprincipled exception to the enlightenment, and always has been

One could have predicted Baltimore from Les Miserables. For whites to live in Baltimore, we need a society in which no one could take Les Miserables seriously.

Here is the outline for such a society. See also.

Libertarians, conservative Christians, and such, don’t want to accept the position that white males cast evil spells that impair the performance of other groups, which position has the disturbing implication that white males need to be eliminated, but neither do they want to accept the positions that whites should rule over inferior races and men should rule over women, and so they attempt to take a variety of intermediate positions, but these intermediate positions consist of crimestop, doublethink, and unprincipled exceptions, and so are inherently vulnerable to the superior holiness of the position that white males cast evil spells, and since it seems that no amount of punishment or castigation can stop white males from casting these evil spells, white males have to be eliminated.

Thus, for example, a libertarian may piously say that there is no such thing as race, that that is collectivist thinking.

This pious tactic works just fine in Turkey, in most of Latin America, and in Egypt, where anyone who notices that the ruling class is white, and the underclass brown, is apt fall down several flights of stairs in a one story police station. In consequence, everyone piously agrees that all Turks are one race, all nationals of the Latin American country in question are all one race. Similarly, there are a lot of black countries where the ruling elite varies from milk chocolate to “Huh? That guy is white!” and somehow strangely no one seems to notice.

But in America, such piety does not go far, because a progressive points out that black schools are invariably very bad schools, and proposes that whites fix this problem (presupposing that whites caused this problem). Saying that there is no such thing as black school because there is no such thing as a black is unlikely to be persuasive, because it is perfectly obvious that the progressive is correct in that there are such things as black schools, and that black schools vary from bad to worse.

So the libertarian, inconsistently, temporarily dumps his position that there is no such thing as race, and snarkily asks “Why is that when blacks are bussed to good schools, those schools then immediately become bad schools”

But the libertarian dare not answer his own question, for the true answer is crimethink, whereas the progressive can easily answer the question: White males are so evil and hateful that they cast evil spells upon the school when blacks are bussed there.

So the progressive asks the libertarian what is to be done about black schools. And the libertarian cannot answer, for were he to answer, the true answer is that the black schools must be subject to white authority, black students forced by harsh discipline, including the frequent application of corporal punishment, to behave like white students, (in other words, whites must rule over blacks), and that mothers who deprive children of their biological fathers need to be shamed and punished as trash, sluts, and whores, (in other words, males must rule over females).

And so the libertarian has no answer that he dare speak, or even dare think, but the progressive does have an answer: Somehow make sure that white males are just somehow not around any more.

Any program for races and sexes living together as equals will always run into the problem that they are not in fact equal, and political activists will then always make hay out of this inequality.

And the end result of activists making hay is that one race must be eradicated, or one race must rule the other.

Any solution short of whites ruling over blacks and men ruling over women is always necessarily vulnerable to the superior holiness of those who wish to prevent evil white males from casting evil spells.

Any measure to prevent evil white males from casting evil spells will always fail, requiring ever more drastic action to deal with the evil committed by white males and the very great harm that they magically inflict.

The stupid elite

Monday, March 30th, 2015

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 of the World Bank, Obama’s scriptwriters, and so on and so forth.

Purging engineers for real, suspected, or imagined heresy, seemed to me to purge the smartest engineers – seemed to me that whether or not smarts equate to heresy, smarts are suspected to equate with heresy regardless of whether the suspect is really a heretic or not, much as the Khmer Rouge wound up murdering everyone who wore glasses. They did not intend to murder everyone who wore glasses, or even intend to murder intellectuals. If you told one of them they were murdering all the intellectuals he would not have believed you. He would have said “We are intellectuals, would we murder ourselves?” (And immediately thereafter the secret police would have dragged him away to the torture chambers because of excessively complicated sentence construction, leading to suspicions of disloyalty and plots, much as the New York Times gets agitated because it is unable to parse sentences spoken by Sarah Palin.)

But all this is anecdotal. Ferguson has some actual statistics, showing systematic discrimination against dangerously smart people.

The probability of entering and remaining in an intellectually elite profession such as Physician, Judge, Professor, Scientist, Corporate Executive, etc. increases with IQ to about 133. It then falls about 1/3 by 140. By 150 IQ the probability has fallen by 97%!

Observing heresy persecutions in engineering, looks to me to a good approximation, they are getting rid of everyone above 145, that everyone above three standard deviations is excluded from engineering or science in high status firms, so I am unsurprised by Ferguson’s report that the same applies in academia, law, and so forth.

Looks like they are recruiting people two standard deviations above the norm, but purging anyone significantly smarter, whether out of deliberate hostility to dangerously smart people, or because smart people exclude women and blacks.

When a female engineer tries to talk to a smart engineer, she finds it hard to talk to him about engineering, so she concludes he raped her repeatedly and demands a million dollars in compensation. Thus the exclusion of smart people could be inadvertent, as the extermination of smart people was with Khmer Rouge. The purging of smart engineers appears to be inadvertent, a byproduct of including women. Likely the same thing is happening to judges, as I see happening to engineers. I see engineers, don’t see judges. Ferguson sees judges.

Ferguson’s data does not address whether problem is getting worse or better. My anecdotal information indicates that the problem is getting worse, and has been getting worse since around 1870 or so. You notice that smart members of the elite, like Rumsfeld, are much older than regular members, and that when they say something that shows that they are smart, all the chimps get rattled, start shrieking and flinging poop.

The elite:

OK, I hear you saying, these are two dumb as toad dropping nigger scum who won the debate because black and female.

But could not they find someone black and female who had an IQ above retarded?

OK then, lets look for a white male Jewish member of the elite chosen for his performance in a STEM field. Aaron Swartz. Official genius. a Fellow of Harvard’s Ethics Center Lab on Institutional Corruption.

Aaron Swartz conspicuously lacked hacking and social skills.

If he had been marginally competent at computers, he could have downloaded millions of documents from JSTOR through the MIT network without bringing the MIT network to a screaming halt, without committing burglary and vandalism against the MIT network administrators, without creating side effects that every single user of the MIT network noticed and was enraged by.

If he had been marginally competent at social skills, he would have known that despite the fact that the police and prosecutors were treating him as just another dumb no account petty crook, who got videotaped by security cameras performing criminal acts and got bagged by security, he was not going to prison, not going to be convicted, that he was still a member of the elite that never goes to jail or gets convicted no matter how stupid the crimes they commit.

If he had any of the normal prosocial qualities like diligence and forethought, would have found a way to hack the MIT network that was not blindingly obvious to every single user of the network.

Aaron Swartz, Jewish Harvard fellow, official genius, is only marginally smarter than the two retarded black ghetto scum that won the debate.

Now you can find genuinely smart members of the elite, for example Larry Summers. But notice: They are getting mighty long in the tooth.; whereas when you find a conspicuously retarded member of the elite, like Aaron Schwartz, they are very young. This is an elite that is getting dumber. When the likes of Larry Summers retire, they will be replaced by the likes of Aaron Swartz.

This is an elite that has been getting steadily dumber since 1875 or so. And it has been getting dumber faster.

Larry Summers born 1954. Aaron Swartz, official genius, born 1987.

A lot of people looking at the war powers debate say, ahh, that was Jews making black people look stupid. Well Aaron Swartz did not make Jews look smart.

The bubble in government paper

Friday, January 23rd, 2015

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 problem of term transformation, which can be ameliorated by flexible interest rate mortgages – or by an alarming willingness of the government to print money for cronies, but I am here addressing a different problem.

Suppose there are not enough young people building homes and starting families.

We then face the problem of money with nowhere to be stored. So the natural rate of interest falls to zero and tries to go negative So instead of storing it in young people’s promises to work hard and build a life for their families, we store it in taxpayer futures. Governments borrow to buy votes, and to “stimulate the economy” So money is backed by a liability on taxpayers.

An ever larger liability on ever fewer taxpayers.

But, surely money can store value even if backed by absolutely nothing. Money is always a bubble. So why worry. How can the capacity of government to borrow enormous amounts of money at negative real interest rates be a bad thing. Surely the interest rates that governments are paying show that our governments are more solvent than ever. The decline of the high IQ working taxpaying population and its replacement by people on welfare and single women in makework jobs has been a huge bonanza for governments, that has deluged them with free money. Indeed, the more single women in makework jobs, the less they will reproduce, and the more money the government can borrow.

Assuming a virtuous and competent government, a deluge of free money is not going to cause that government any harm. If, on the other hand, we assume government thinks no further ahead than the next election …

The Trichotomy

Wednesday, December 31st, 2014

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 ethnonationalism from devouring capitalism with socialism and demotism, and we need ethnonationalism to prevent outsiders from devouring our society and our capitalism with it.

America number two

Saturday, December 6th, 2014

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 number of Americans with middle class lifestyles, and will soon become a great deal larger.

Heroic entrepeneurship after the Restoration

Wednesday, December 3rd, 2014

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 for the origin of the rights of corporations, you are looking at the Restoration. (more…)

No Peak Oil

Friday, November 21st, 2014

World Oil production, millions of barrels

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 near future, they forget about them or conceal them, for fear someone else will go after them.

Famous Barbie realism

Wednesday, November 19th, 2014

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 those of my readers with experience in the gaming industry to commend the book for imitating life so well and preparing girls for the reality of affirmative action careers in engineering.

Almost immediately after I posted this, the book was, unfortunately, suppressed, for giving entirely accurate information about female careers.

Gamergate and corruption

Thursday, October 30th, 2014

Gawker media’s primary audience is nerds.

Their primary income comes from advertisers, who pay them to show ads to nerds.

And this is what Gawker has to say about nerds.

Ultimately GamerGate is reaffirming what we’ve known to be true for decades: nerds should be constantly shamed and degraded into submission

Upon receiving a hostile reaction from their audience:

@hamiltonnolan @Based_Tet@max_read Max just told me I’m getting a raise because I made gamers cry

And, when the advertisers did not like that, that is nothing compared to what they said about advertisers.

Intel is run by craven idiots. It employs pusillanimous morons. It lacks integrity. It folded to misogynists and bigots who objected to a woman who had done nothing more than write a piece claiming a place in the world of video games. And even when confronted with its own thoughtlessness and irresponsibility, it could not properly right its wrongs.

And, did I mention that Gawker is anticapitalist?

It is apparent that many of the writers attacking gamergate do not have skin in the game with their own publications. They are willing to burn their boss’ companies and quite likely it will help their career. They’ll keep riling up the mob because they think it means greater notoriety and promotions later on. The longer that they keep riling up the mob, the worse terms that they will get for the companies that they work for, but they are fine with that.

To bypass the first amendment, the government has been systematically installing political commissars in every company. This has the unintended effect that nominally private companies tend to wind up controlled by the state sponsored left.

In any nominally private organization controlled by the left, people get power and promotions not for actions that benefit shareholders, but for actions that benefit the left.

If shareholders lose control, the logical behavior then is to max out every company credit card and company line of credit, pile up everything moveable and take it to the pawnbroker, rip the copper wiring out of the walls, and set fire to company headquarters to collect the insurance.

Hollywood has long been controlled by the left, and by and large, for the most part there are no longer continuing corporations, Hollywood studios, that own production assets, have valued brand names, and regularly produce one movie after another.  Rather, people usually get together case by case to produce a movie.

Surviving Hollywood corporations tend to be notoriously under attack for insufficient leftism, for example Disney, and often their movies contain subtle hints of less than total capitulation  But even they are tending to outsource their real production to off the radar contractors, while they stuff their nominal production departments with politicals, a process that ends in the company being eaten out by the politicals, and replaced by teams of contractors that come together contract by contract, project by project.

Tim Cook has not ripped the copper out the walls and set fire to Apple headquarters – not yet, but he has rather casually burned Apple’s major asset – that it was the high quality, high status brand name, that its stuff just worked.

The modern world was created by the joint stock corporation with the CEO kept answerable to the shareholders by double entry accounting.  When King Charles the Second let joint stock corporations off the leash they, in addition to pillaging the third world, used science to build technology, and the resulting technology enabled science, massively raising everyone’s standard of living, including that of third worlders and even of slaves shipped from the third world to the first.

Sarbanes Oxley has destroyed double entry accounting, and politicizing corporations has disempowered the shareholders.  In America and Europe, the social technology that brought us science and the industrial revolution is being dismantled.

The social technology that made the west wealthy and knowledgeable survives in Hong Kong and Singapore, and is spreading to China. It has been successfully transplanted to Dubai by their high IQ aristocracy (Some aristocracies eugenically breed themselves smart), and, surprisingly, is doing fine in Nigeria. (I conjecture that in Nigeria a hidden consortium of white and east asian capitalists bribe the government into doing the right thing, always a dangerous mode of existence since the government is always tempted to kill the goose that lays the golden eggs.)

Despite official truth that GDP per head is rising, everyone can see the reality that it is falling.