Archive for the ‘economics’ Category

Goodbuy NAFTA, hello USMCA

Tuesday, October 2nd, 2018

Major changes:

  1. To qualify as USMCA manufactured cars have to be (mostly) built by workers earning $16 per hour – in other words white workers, because mestizo and indio workers are generally not worth $16 per hour. Usually minimum wages are a bad idea, because they keep kids out of the job market and prevent them from gaining experience, but since you can place a car plant anywhere the major impact of this is that car companies are going to be making cars away from Democratic party vote banks, in federal electorates where the votes of working class whites are likely to matter.
  2. US gets to sell milk products to Canada. Again, jobs for Republican voters, in federal electorates where Republican votes matter.

This is a major victory for Trump’s infamous hardball deal making style. By smacking Canada hard against the wall, Canada being of all the countries in the world the country worst placed to withstand a trade war with the USA, Trump creates the expectation that you have to do trade deals his way.

Same tactic as Reagan invading Grenada. Smack the monkey to scare the gorilla. (Canada being the monkey, and China the gorilla) Also delightfully humiliates that irritating girly man with the fake eyebrows, which likely gives Trump even more joy than it gives me.

Poz, capitalism, and free markets.

Wednesday, August 1st, 2018

Is there a connection between free markets and Poz. Is a sound reactionary polity somewhat socialist?

In the comments some have been making the stupid argument that poz is the result of evil Jewish capitalists pursuing profit, that gay marriage was promoted to sell wedding cakes, which argument scarcely deserves a reply.

But others have been making more sophisticated arguments, which arguments deserve to be promoted into a post.

Obviously sound economic policy is trade with outsiders, which requires the Christian program of peace with outsiders, which is apt to result in the hyper Christian holier than Jesus program of surrender to outsiders.

Obviously the Libertarian Party promotes free markets, and also promotes poz that will at best result in whites being ethnically cleansed out of America, and males being spiritually castrated, and at worst could result in whites being physically genocided and males being physically castrated. This started with the nineteenth century English prime minister Gladstone building a coalition between economists and the hyperpuritan leftist evangelicals, which was swiftly devoured by the left, and ever since then libertarians have been trying to revive that coalition by accepting ever greater levels of ever more suicidal poz and ever more emasculating poz.

So in this sense, obviously there is a connection between sound economic policy and suicidal poz, manifest in the logic of trade, manifest in the holiness spiral of Christianity, manifest in Gladstone and manifest in the Libertarian party.

(But not however manifest in capitalists selling wedding cakes to gays, nor in capitalists selling mortgages to cat-eating illegal immigrants with no income, no job, and no assets. Obviously making marriage gay reduces marriage, does not increase it, obviously gays do not get married except to humiliate Christians and prevent straights from getting and staying married, and obviously selling mortgages to cat-eating unemployed illegal immigrants loses money. Obviously very few non Asian minorities can successfully handle a substantial mortgage, thus attempts to provide a substantial number of non Asian minorities with substantial mortgages inevitably and entirely predictably blew up in the loss of a trillion dollars. Whiteness predicts loan repayment better than credit history, except for the longest and most stringent credit histories. Even Asian nonwhites have substantially higher levels of credit scam for the same level of credit history, and non Asian non whites are all scammers, as near to all of them as makes no difference, just as all female CEOs and board members blow up the company as if it was a marriage to a beta male. If a non Asian nonwhite repaid a mortgage, it is solely because he flipped the house for a profit, and the real estate agent had to take the back payments on the mortgage out of the sale, in order to deliver a clean deed to the buyer. If he had a clean credit history before he took the mortgage, it was faked up. All women are like that, and all non asian minorities are like that.)

Carlylean Restorationist argues

Are you happy with Poz so long as there’s a free market liberated from central planners?

I’m sorry but I’m just not, at all. I’d rather live in 1988 Berlin not because I love five year plans, Soviets deciding what brands of breakfast cereal will be on the shelves (if any) and tanks on every corner.
I’d rather live in 1988 Berlin than 2018 Berlin because 2018 Berlin’s violent, rapey and full of filth, while 1988 Berlin isn’t.
I’d feel safer, more at home, in the 1988 version of Berlin.

(I use Berlin rather than London not because of any preference for it – quite the opposite in fact. The reason is that 1988 Berlin had the worst kind of economic policy imaginable to one of our mindset. The thing is, in spite of that policy – or (red pill) because of it – it doesn’t suffer from what 2018 Berlin suffers from under global relatively free trade.)

Well yes, but the brown face of the Democratic party, like Venezuela, has close to the worst economic policy imaginable, and also at the same time has poz at ethnic cleansing levels, in that the whiteish minority is being driven out of Venezuela Kristallnacht style.

Eighteenth century England had reasonably sound economic policy, and also far less poz than any twentieth or twenty first century society.

So, if we compare 1988 Berlin with 2018 Berlin, or with the suicidal ethnomasochist globohomo policy of the Libertarian party, looks like a strong connection between sound economics, and suicidal poz.

If we compare eighteenth century England, with Gladstone’s England, looks like a strong connection between sound economic policy, and seriously damaging levels of poz. Gladstone began today’s attack on the family, began the replacement of marriage with child support, and turned the British empire into the anti British empire, foreshadowing today’s anti American “International Community” empire.

If we compare the Libertarian Party with almost anyone, looks like a strong connection between sound economic policy, suicidal ethnomasochism, and globohomo self castration.

On the other hand, if we compare Trump’s America with Venezuela, or Trump with the brown face of the Democratic Party, or eighteenth century England with almost anywhere, looks like a strong connection between sound economic policy, free markets, and lack of poz. The libertarians attack Trump for insufficient capitalism, and insufficient poz, while the brown Democrats attack him for excessive capitalism, and insufficient poz.

The emancipation of the Russian serfs was simultaneously suicidal poz, and bad economic policy. I read that the “lavish lifestyles” of the nobility were harshly curtailed, and I also read that famine followed so it would seem that the lavish lifestyles of the serfs were also harshly curtailed. Which only makes sense if leftism did exactly what it always does: Knock over the apple cart to grab the apples. The emancipation of the serfs was a disaster for almost everyone in agriculture, particularly the serfs. The emancipation of the serfs was a disaster from day one, and steadily got worse and worse all the way to the liquidation of the kulaks, because the emancipation was accompanied by the introduction of collective land ownership. The correct solution was to emancipate serfs without land, converting them into agricultural laborers, tenant farmers, and sharecroppers. But the left was already campaigning vehemently against emancipation, and had it been done that way Alexander would have gone down in Whig history as worse than Vlad the impaler. So in Czarist Russia we see a connection between unsound economic policy, and poz leading to suicidal poz. Bad economic policy, in the form of collective land ownership, led to more poz, which eventually led to a disproportionately Jewish communist party taking charge. (Albeit Stalin continued bad economic policy while massively reducing poz.)

So yes, there is a connection between sound economic policy and ethnomasochistic rule by globohomos, since sound economics favors peace with outsiders, and favoring peace with outsiders is apt to blur into favoring surrender to hostile outsiders.

But Charles the second introduced sound economic policy at the same time as he exiled poz, and burned poz at the stake for heresy.

Socialism

Sunday, July 29th, 2018

Leftism necessarily goes ever lefter. But what is “lefter”? Leftism has no essence, it is just a coalition to knock over the apple cart in order to grab some of the apples, so “lefter” is whatever direction looks like some apples could be knocked loose. “Lefter” could be almost anything, head off in almost any direction, depending on fashion, opportunity, and perceived vulnerability of people who have stuff.

Leftism necessarily goes ever lefter, because having knocked over one apple cart, there is now an apple shortage, and people then need to knock over another, and because of the broken window effect – when leftism works, in the sense that apples were rolling around, they go looking for something else to knock over, since that apple cart is already smashed up. Leftists perceive wealth as a snapshot in time, as if it were a gift from God. The ways that wealth is created are meaningless to them, it is a pie to be sliced up and enjoyed.

Right now “lefter” is heading off towards ethnic cleansing of whites and desexing of males. Many leftists find this alarming, being white or male or both, so are trying to find some other direction, any other direction – and socialism is some other direction.

Socialism is not currently a threat, being so thoroughly and totally discredited:
Socialism is bread lines

Socialist economic development

But what Democrats hope to do is run on a program of Ferguson and Krystalnacht, and then, instead of delivering Ferguson and Kristallnacht, deliver socialism. “Instead of burning down the supermarkets in Ferguson, leave them standing and we democrats, being such nice caring people, will order them to give you free stuff. So much nicer. Please don’t burn my house down, kill me, and rape my children.” Might work, but the dynamics of leftism are likely to get away from them. Venezuela promised socialism, wound up delivering socialism plus Kristallnacht.

People keep telling me that socialism works great – the statistics always improve enormously under socialism. Thus, for example, Venezuela has cured inflation and put everyone on a pension, and given everyone a university education, and provided universal healthcare. UN statistics always show socialist countries doing wonderfully well on the Human Development Index.

Of course they cured inflation by setting official prices, and you cannot actually buy anything worth buying at official prices, and universal healthcare gets you a bed to die in. Universal healthcare provides abundant caring, but a distinct shortage of health, and universal university education produces ignorance instead of knowledge.

In a thread on my blog, a supposed reactionary has been telling me how socialist agriculture worked great in Russia long ago and far away, and they had to do it because the climate being harsh, they had to have collective agriculture because it works so much better. And, similarly, lots of leftists will tell you how great socialism has been for Cuba and Venezuela – though the internet makes this story a bit more difficult to get away with than when they tell it about far away places and long ago times.

Inclusivity codes of conduct

Wednesday, May 9th, 2018

When an open source software project adopts a “code of conduct” it slowly dies. Bugs don’t get fixed, new features break stuff, and it is unable to accommodate updates and changes in the environment. Over time, it gradually suffers bitrot – unchanging and unchangeable assumptions in a changing world, combined with “fixes” that introduce new bugs, and confusing new misfeatures that irritate old users, never quite work as they were supposed to, and are an obstacle to new users.

And now the eye of Soros has fallen on the Space X reusable rocket program, and “women in tech” will likely kill the re-usable earth to orbit second stage. We will still get something called the Falcon Heavy which will reach orbit, but chances are that the promised reusability is never going to arrive, that it will not be able to land back on earth, promptly refuel, and promptly go back to orbit again. And will therefore never be able to radically lower launch costs.  And in a generation or so it will suffer the fate of the space shuttle. Too many disastrous accidents, costs keep growing without limit, eventually grounded for life. Similarly, the latest fighter planes have poorer performance than earlier generations of fighter planes, and much higher cost. People tell me that advances in missile technology and stealth make high performance fighters obsolete, and maybe that is true, but if performance is obsolete, why are fighters, like bridges that fall down, getting more expensive, rather than less? Looks to me that the government is buying all the performance it can afford – and all the performance it can afford is rather less than it used to be able to afford. Reminds me of the Obamacare website: No amount of money could get it up, until they gave up on political correctness, and went with a team of white males leavened with east Asian males – with white males on top.

Why is “inclusivity” so devastatingly lethal to tech? (more…)

China passes the US

Wednesday, March 14th, 2018

The most important, powerful, and effective weapon in the US arsenal is a fifty year old plane firing seventy year old cannons scoured from museums and looted from ancient forgotten overseas arms depots.

Some people may say that the most important, powerful, and effective weapon in the US arsenal is nukes, but after all these years, who knows if they work any more? We can no longer make tritium, we can no longer make Pu238, why should nukes have fared better?

Russia has been called a gas station masquerading as a country, because total GDP is very low, and per capita GDP unimpressive.  Its civilian technology is not especially impressive, but it produces military technology that is as good as the US at a considerably lower price, and is hoping to soon surpass the US in ways that will deny the sea and the air to the US.

China’s total GDP has passed the US, though the US official statistics are in denial.  Per capita GDP remains well below that of the US, but the gap is rapidly shrinking, with increasing numbers of westerners seeking Chinese jobs.  Technologically, China has focused on buying, stealing, and copying US civilian technology and Russian military technology.  But in civilian technology, the pupil has surpassed the master.  All Chinese CPUs are based on the Arm design that they purchased from the US long ago, but they are now improving on this design in ways that arguably leave the US behind.   They are at least equal in CPU design and fabbing, arguably superior.  They are still copying, but are less reliant on copying.

Meanwhile US academia focuses on combating masculinity and raising female self esteem by showering them with unearned credentials.

Externalities

Monday, March 5th, 2018

About twenty percent of a car is, or should be, high quality specialty steel which is not made in America. Because there are no local sources of such steel, it is organizationally difficult to make such parts in the US, so the parts tend to be made overseas. Or, disturbingly often, made out of crappy steel.

When Jobs was creating the smartphone, he went to Corning to talk to the people who make specialty glass. If we had been importing our specialty glass from China, the way we are importing our specialty steels from India, maybe no smartphones, or smartphones with easily scratched plastic screens.

Let’s say that you’re after armor steel, and you want to buy it direct from the mill. Your options are more or less limited to:

  • Arcelor Mittal’s “Mars” Steel from India.
  • SSAB’s “Armox” or “Ramor” from Sweden.
  • ThyssenKrupp’s “Secure” From Germany.

And if you want it cheap, and you want a supplier who speaks English, probably India.

Assume the God Emperor is not a complete moron. If a tariff on all steels, an intent that locals will start producing specialty high tech steels. Remember all those people declaring that Trump was lying when he promised coal miners coal jobs were coming back? They told us coal jobs were gone, and were not coming back. Specialty steels are coming back.

Tariffs tend to have bad consequences, because they tend to reflect corruption and special favors. What happens is that there is a high tariff on goods imported by regular folks, and someone who is cozy with the government gets a special permit, a recategorization, or some such, and he gets to import stuff without a tariff, and mark it up.

But the biggest indignation against Trump’s tariff is that he is taxing specialty steels, taxing steel that you just cannot buy in America, which tax is not a gift of free money to existing steel producers, but a demand that they get their act together and an opportunity for them to do so.

And, if they do so, they create high skill, high pay jobs for white males in flyover country
High pay high skill male jobs
jobs for Trump voters in electorates where their votes make a difference.

Never forget who whom.  Be mindful of who are your friends, and who are your enemies.  The Democrats do not attempt to follow an economically optimal policy, but a policy that harms their enemies economically, even if it causes some lesser harm to their friends.  They have been aggressively destroying jobs in flyover country to force the great centralization, so as to get the most voter power out of the people they have been importing to live on crime, welfare, and voting Democrat.

It is likely that this policy tariff policy is economically efficient, because of technological externalities, but even it was not, ask whom it harms, and whom it helps.

Protectionism

Saturday, March 3rd, 2018

Trump, in accordance with his campaign promises to the rust belt and flyover country, has just slapped a tariff on steel and aluminum.

If you look at the Nucor product catalog, you can see that the USA has ceded high end steel production to foreigners.

Ceding high end steel production to foreigners is militarily unwise.

Ceding the high end is also likely to have externalities. A network of skills unravels. If company A does something high tech, it cultivates employees, customers, and suppliers that make it substantially easier and cheaper for company B to do something high tech, and this benefit is not captured by company A, unless, as in South Korea during the dictatorship, the state gives company A substantial monopolistic privileges, something difficult to do in a democracy, particularly a democracy where covetousness is deemed the highest virtue and high status.

And if company A stops doing something high tech causing other companies to stop doing high tech stuff – you have the rust belt, which is the network of high skilled white males unravelling. You have smart white men deskilling, taking opiates, and committing suicide.

That the rust belt is rusting means that white males commit suicide or move to the big coastal megacities. Which means they move from where their votes are useful to Trump and Republicans, to where their votes are useless, because massively outvoted by hordes of aliens imported to live on crime, welfare, and voting Democrat.

Stopping the rust gives republicans a little more time, regardless of whether it is economically justified or not. Even if it was a total money loser (and quite likely externalities make it economically lucrative) it would still be politically a big winner, by halting the great centralization.

Recollect that the government was importing hordes of black male military age Mohammedans screaming for infidel blood and white pussy, and bombing marginal electorates in flyover country with them. The permanent government continued doing this for the first year of the Trump presidency, but in 2017 December, Trump finally managed to put a stop to it. This also gives Trump and Republicans a little more time.

A policy of economic autarky ruined Nazi Germany. The very similar Smoot Hawley Tariff Act of 1930 was also an economic disaster, ruining the USA. And, similarly, India’s program of economic autarky kept India stagnant and desperately poor for decades. But these three examples of bad, indeed utterly disastrous, protectionism were accompanied by massive regulation. Trump is deregulating. That is a big and important difference.

The disastrous effects of females in power

Monday, February 5th, 2018

Women cannot do men’s jobs, and the pretense that they can and are is doing immense damage to men’s work and the creation of value by men.

Women in men’s positions subtract value. Women in powerful male positions subtract enormous amounts of value. Men at work get paid for creating value, and are forced to pay women for destroying the value that men create.

The reason for female under representation among top engineers, scientists, etc, is that women are slightly less competent on average and have a narrower distribution.

The reason for female under representation among CEOs is moral and emotional, unrelated to competence. Women are very competent managers. A woman has always managed my affairs, and generally done so very well, but women are uncomfortable running things without a strong alpha male supervising them and approving their work from time to time. If they don’t get the supervision that they emotionally need from someone masculine, patriarchal, and sexy, they start acting maliciously, and self destructively, running the operation off the road and into the ground in a subconscious effort to force an alpha male to appear and give them a well deserved beating. The problem is that if she does not get the supervision that she emotionally needs, she will maliciously run the operation into the ground, like a wife married to a beta male husband whom she despises, destroying the family assets and the lives of their children.

Happens every single time, as near to every single time as makes no difference, no matter how smart and competent and hard working they are. Exceptions are so rare as to be nonexistent for all practical purposes.
CEOettes
I would explain the fact that a company with a female founder was one eighth as likely to get follow on funding by the fact that absolutely none of them should have received funding, and the only reason that any of them got any follow on funding was that the venture capitalists wanted to deny that anything was wrong. The official and enforced explanation is that it is proof of irrational hatred and misogyny by venture capitalists. And if you doubt this, you obviously must hate women.

So, to decide between these two explanations, let us look at company acquisitions. When venture capitalists fund a company, they intend it that if it succeeds it will be acquired by a big company. If a company is not acquired, the venture capitalists have pissed away their money. Most times they lose, sometimes they win big.

So, that eleven percent of companies with all male founders were acquired represents the venture capitalists winning one time in nine.

With all female founders, they won one time in two hundred and seventy. With all female founders they had only one thirtieth the chance as with all male founders.

One might suppose that this indicates that women are one thirtieth as likely to be able to operate a company as a man, but obviously this conclusion is absurd. The companies must have been acquired for political brownie points, not because they were being operated successfully. It is as plain as the nose on your face that women are absolutely disastrous when given this kind of authority, but official sources will deny what is spitting in their faces and kicking them in the balls, so how do we check this? Are they insane, or am I insane?

Answer: Look at companies with both male and female founders. If the reason is misogyny, then the female founder will have no effect, because the purchasers will assume she is only there for decoration and to warm the bed of the real founders.

So, if misogyny, companies with mixed founders should be purchased at roughly the same rate as companies with all male founders.

If the problem is that women are just naturally incompetent as CEOs, then companies with mixed founders should be purchased at a somewhat lower rate, as the male founders carry the female founders on their backs while the purported female founders paint their nails, powder their faces, and discuss their most recent booty call from Jeremy Meeks.

If, however, the problem is that women in power just invariably and uniformly act like feral animals, as if they had been raised by apes in the jungle, then zero companies with mixed founders will be purchased. If the problem is that the female founders need to be placed in cages and put on leashes, but the male founders are not allowed to do so, then zero companies with mixed founders will be purchased. If the problem is that these days women are no longer subject to the restraints of civilization, then zero companies with mixed founders will be purchased.

Well, guess what.


If a woman has a strong husband who is himself wealthy and powerful, and she washes his dishes and sorts his socks, then she can be a good CEO. Today, however, husbands are generally weak, and therefore competent female CEOs correspondingly rare.

Females can no more do large group socialization than they can chop wood with an axe, or clear a path through the jungle with a machete. Females in or near positions of power have a disastrous effect on the social cohesion of the group to which they belong, on the propensity of group members to cooperate with each other, on the asabiyyah of the group, on the group’s capability to pursue goals in common.

It is a standard psychiatric finding that women are supposedly more agreeable than men, and in very important ways they are.

If tell a woman I have mislaid my keys, she will find them. In this sense women really are more agreeable than men.

If I tell a woman to get me coffee, she will get me coffee. In this sense women really are more agreeable than men.

If I slap a woman on the backside, she will yelp and jump, but then smile and laugh. In this sense women really are more agreeable than men.

But who is it that interrupts the boss?

It is always a woman. Yes, she interrupts in a supposedly friendly, supportive, and agreeable manner, but interrupting is in reality unfriendly, undermines him, and is in fact disagreeable.

Women are catty. Two women are friends, three women are a contest to see which two will become friends. Women are disruptive. They never stop shit testing their bosses. If a woman interrupts her boss, talks over her boss, even though her interruption is supposedly friendly, supportive, and all that, as it always supposedly is, she is disrupting and damaging the organization.

Women take advantage of and abuse restrictions on physical violence, and other rules commanding prosocial behavior, which abuse undermines prosocial behavior and impairs large group cooperation between males. Women are bad for and disruptive of any large group that attempts to cooperate to get something done. They undermine asabiyya, throwing sand in the wheels just for the hell of it. They are always throwing down shit tests to find which male is alpha enough to subdue their bad behavior, always disrupting, always looking for a well deserved spanking.

The psychiatric category of “agreeableness” is cooked to support the doctrine that women are wonderful. It conflates going along with bad behavior, with going along with good behavior. It declares resisting bad behavior to be disagreeable, while ruthlessly and cynically imposing on good behavior is supposedly not disagreeable.

Yes, women really are wonderful in their proper sphere. In power, they are only tolerable to the extent that strong males keep them in line.

A more accurate analysis of female behavior is that females are bad at, and bad for, large group social dynamics. Female or substantially female businesses fail, often fail very badly. Women are better at one on one dynamics than men – all women, all the time. Worse at large group dynamics than men. All women, all the time. All women are like that.

It is obvious to me that women are having a devastating effect on male efforts to create wealth, and I have long been puzzled at other people’s inability to see what is not merely right in front of their faces, but repeatedly spitting in their face and then slapping them.

A business appoints a female boss because progress. She acts in an angry hostile manner, infuriating customers and vital employees, disruptively knocking the business off track instead of keeping it on track, as if the business was a beta husband, and she wanted a divorce with the house, the children, and alimony. Business goes down the tubes. No one notices. Supposedly the business ran into mysterious head winds that have absolutely no connection to the new boss whatsoever.

When males aggress, they get in each other’s faces, they shout, there is always a hint of the possibility it might turn physical, a suggestion of physical menace. Women aggress and disrupt in a more passive manner, and these days we are not allowed to react to female aggression by shouting at them and getting in their faces, by menacing them. It used to be, within living memory, within my memory, that female misbehavior was met with a male response that hinted at the possibility that she might get spanked, put in a metaphorical cage, or put in metaphorical or literal irons, just as an aggressively misbehaving male got then and gets today a response that hints at the possibility of a punch in the face or imprisonment. Women today therefore routinely aggress and disrupt in a manner I find shocking, crazy, disgraceful, bizarre, and extreme, and do so with shocking and disgraceful impunity, as if within my lifetime women came to be possessed by demons, and everyone is walking around like zombies pretending to not notice. Recall in the infamous interview, Jordan Peterson looks away from Kathy before calling out her bad behavior, because if he looked her in the face while calling out her bad behavior it would have been socially unacceptable, because women are supposedly wonderful.

A male quarrels with a male. They get in each other’s faces, you feel that violence might happen, or at least one of them will call security and have the other shown the door. They have the body language of two male goats about to butt heads over possession of a female goat.

A female quarrels with a male. She interrupts him and talks over him in a supposedly friendly and supportive way “So what you are really saying is …”

A male who intends to aggress against another male who is ignoring him intrudes into the other male’s space and just plain gets close enough that the male he is aggressing against has to drop what he is doing and pay attention. Again we see the body language of two male goats about to butt heads over a female goat.

A female who intends to aggress against a male who is ignoring her also intrudes, but not so close, and proceeds to interrupt what he is doing and distract him with some halfway plausible excuse as to why he has to stop what he is doing and pay attention to her, which excuse is something that in theory should not irritate him, and he has trouble understanding why he is irritated, and why she lacks any real interest in the nominal justification that she supposedly has for demanding his attention and interrupting his activities. Supposedly she is helping him in a friendly pleasant nice way, though her “help” is hostile, nasty, angry, disruptive and entirely unwanted, and she ignores his forceful denials that he needs any such “help”.

We need a society where women feel that if they act like Cathy Newman did in that infamous interview with Jordan Peterson, they might get slapped in the face, or sent to the kitchen and the bedroom and restricted from getting out except on a short leash. But if Jordan had responded to her bad behavior by getting in her face as if she was a man, they would probably have called security and tossed him out. Notice that whenever Jordan calls out Cathy Newman’s bad behavior he looks away and gives a little laugh. If he called out her bad behavior while looking at her, it would have been socially unacceptable. What needs to be socially acceptable is that her husband should have given her a slap in the face for publicly disgracing his family with her bad behavior. The same government policies that helicoptering women into powerful positions are allowing them to act badly and destructively in those positions.

As affirmative action makes the differences between men and women starkly and dramatically visible to everyone, at the same time it makes it a criminal offense to notice, or even think about, those differences.

A woman in power is like a woman who finds herself the breadwinner, and her husband is a kitchen bitch, like a dog who finds himself the alpha male of the household, like a woman who intrudes into a males space and proceeds to feminize it and make it hostile to males. She behaves badly in an unconscious effort to smoke the alpha male out of hiding by provoking him to give her a beating.

Supposedly the reason there are so few female CEOs is because of evil sexism, not because boards keep appointing female CEOs and those CEOs keep driving their companies into the ditch. From time to time some big important Harvard expert informs us that female headed or female founded companies do better than male companies, but they will not show us their data, which data conspicuously flies in the face of common sense, anecdote, and casual observation. And if you ask to see their data, you are a racist sexist islamophobic misogynist, and the only reason you could be asking such an obviously hateful question is because you just hate women and are trying to harm them by asking hate questions about hate facts. Also, you are anti science and a global warming denier. We ignorant hateful hicks who keep asking to see the evidence that women can do a man’s job are just like those ignorant hateful hicks who keep asking to see the evidence for global warming. We are anti science, because the science is settled.

Well, fortunately, a surprisingly truthful feminist chick went looking for the data.

Her graphics were truthful, but somewhat misleading, as she de-emphasized and partially hid the most important and dramatic datum, so I edited her graphics for clarity. The graphic at the start of this post is mine, but based on her data and graphics.

Bitcoin and the May scale of monetary hardness

Saturday, December 9th, 2017

The current price of bitcoin is only justified if there is a significant probability of bitcoin taking over the world, and substantially replacing other assets that are less easily transferable and/or more subject to the caprice and violence of an increasingly disorderly, unpredictable, destructive, and anarchic state.

If it does take over, will rise a hell of a lot further.

For example, investing in real estate rental property is lucrative, with steady modest income and impressive capital appreciation – but it is subject to the Ferguson effect. One fine day you find that the police protecting your investment have been deemed racist, now have a bunch of fat blue haired lesbians from the federal government supervising them at twelve thousand dollars per day per fatso to cure their horrid racism, and the police have pulled back to give the mob room to burn your property, and maim and rape your tenants. Your male tenants then leave, ashamed of their horrible racism, and your female tenants never paid the rent themselves anyway.

It would be nice to have your assets in a form that perhaps was unlikely to generate value, but did not need to be defended.

If, at the time of Caesar, a wealthy Roman invested in income producing properties, what would his wealth be worth now?

Absolutely nothing.

And this has been typical over most of the world throughout most of time, including most of the world during most of the twentieth century. If, on the other hand, he buried gold in a hole in the ground, what would it be worth now?

About what it was worth then.

But right now today, bitcoin is hitting its scaling limits hard. If scaling is not solved, the current price of bitcoin is difficult to justify. If scaling is not fixed, the price will collapse eventually.

The current plan, or perhaps it is merely a hope, rather than a plan, is the Lightning Network. The Lightning Network, if ever implemented successfully, will be able to handle and exceed Visa scale levels of transactions and Visa speed.

But money in the Lightning Network will, like Paypal money or credit card money, like Visa card money, be soft money, soft bitcoin. At the cost of a fee and some delay, you will be able to convert it into hard bitcoin. You will be able to convert hard bitcoin into Lightning Network bitcoin quickly and for no fee. Transfers from Lightning Network Bitcoin to hard Bitcoin will still be subject to scaling limits. But perhaps these limits will be acceptable when we only do such transfers infrequently and for very large sums.

Your hard bitcoin is represented by a secret key and a public key, by a collection of secret keys and public keys. (Unless, of course, it is an account at a bitcoin exchange, as it usually is, in which case it is a promise to deliver bitcoin by some guy whose only known assets are a business suit he purchased from a Chinese supplier on Ebay and two airline travel bags.)

Your Lightning Network bitcoin will be represented by an account at an exchange. And if the exchange goes down, or decides to mess with you, you will be out of pocket. Which makes it soft money. Rather like Paypal or that account on the bitcoin exchange operated by some guy with two airline travel bags who is presently located in the nicest international business hotel in Outer Mongolia, which is not actually all that nice as international business hotels go. (You did put your bitcoin into a wallet where you have real control, right?)

So here is the May Scale of monetary hardness, updated to include Bitcoin and a hypothetical future Lightning Network Bitcoin:

May Scale of monetary hardness
Hardness
Hard
1
Street cash, gold, US dollars, Bitcoins where you hold the secret keys
2
Street cash, euro currencies, japan
3
Street cash, other regions
4
Interbank transfers of various sorts (wires etc), bank checks
5
personal checks
6
Consumer-level electronic account transfers (eg bPay)
7
Business-account-level retail transfer systems, bitcoins on the hypothetical future Lightning Network
Soft
8
Paypal and similar ‘new money’ entities, bitcoins on a bitcoin exchange controlled by your username and password login
9
Credit cards

The difference between hard money and soft money is that people are always happy to take hard money, not so happy to take soft money. Always willing to give you soft money for hard money, not so keen to give you hard money for soft money.

A good time to invest in bitcoin

Monday, December 4th, 2017

In 2013 I recommended investing in bitcoin.

Quite recently I recommended not investing in bitcoin, because my cleaning lady who has no idea what to do when her computer freezes up, is investing in bitcoin. When the widows and orphans start buying stocks, it is time to sell.

Lately I have heard tell of thought criminals opening bitcoin accounts, because they noticed “Nazis” getting their accounts blocked, and figured that come the terror, they would need some money that could not be blocked.

That, people getting bitcoin accounts for actual monetary use, is a mighty good reason to invest in bitcoin. Time was when these people would have purchased gold or uncut diamonds.

Total value of Bitcoin it is currently around two hundred billion. People hold gold for roughly the same purpose as they hold cryptocurrency. It is reasonable that the total value of all crypto currencies should be comparable to the total value of gold, which is at present ten trillion.

Some other crypto currency may, and quite likely will, replace bitcoin.

But at the present moment, Bitcoin is where it is at. The aggregate value of all the various cryptocurrencies out there is dominated by aggregate value of bitcoin.

Which gives room for Bitcoin to rise by a factor of fifty.