Economics

As members of the white male oligarchy fall all over themselves to mock the Green New Deal in their prostrate subservience to special interest lobbyists and Wall Street, there’s an opportunity hanging out in the wind (…but mostly in the sun) for Main Street: invest in solar.

People who claim that solar power isn’t scalable are living like it’s 1999, or 1984, or maybe 1924. Solar power has been shown to so far follow the edicts of Moore’s Law, which describes the doubling of the number of transistors on the same size chip every 18 months to 2 years — leading to predictable cost reductions over time for technologies that exhibit this kind of growth curve.

Meanwhile, the substrates upon which solar photovoltaic cells can be deployed are getting smaller — ridiculously smaller. Thinner than a strand of human hair. Of course those solar implementations are still insanely expensive, but give Moore’s Law and markets some time to work and at some point (and probably in this lifetime, for some of us) we’ll be in a world where PV cells are everywhere — almost literally. We will pass out of the age of fossil fuel scarcity and into an age of true energy abundance, in which power can be harvested from almost any given surface.

So, get yourself a nice little solar ETF and plow some money into it, or squirrel away little bits over time — whatever you can afford. Eventually you’re liable to be laughing all the way to the bank as the dinosaurs cry themselves to sleep at night before the feverish petroleum-soaked nightmares set in.

Read more

Anger is the defining emotion of the internet.

It’s designed to whip you up into a frenzy in order to foment cheap pageviews. Its interest is in you becoming a histrionic attention whore, such that you suck in as much clandestinely stolen user data to your platform of choice as possible. Turns out, conflict gets attention.

Anger is also notably the “loophole” emotion — it’s the invisible one men get to have, while claiming for generations upon generations that “women are too emotional to be entrusted” with leadership or anything meaningful, really. Meanwhile male anger and aggression have killed hundreds of millions and wreaked destruction upon the earth many times over, as fragile masculinity is repeatably and predictably triggered over any little old thing.

A neat trick.

A story.

A lie.

Read more

We need to bring the fire down from the mountain. We are not on that project — we are still on the opposite project: keeping the wizards behind the curtain.

Too many of the wizards are male, and are busying themselves in playing petty economic and status zero-sum power games instead of recognizing the context they are in — we are all in — as an infinite game in which the enlargement of the participant group to include and, not just reluctantly tolerate, but to avidly welcome women in to the club will massively benefit all the players. 

Then there are the white wizards who create pseudoscientific rationalizations for wasting time obsessing over 18th century racial animus as a massive distraction from having to do the work of creating anything useful or contributing any value to the world. They’ve taken their centuries of evolutionary advantage and painstakingly developed economic pie to split hairs over who ought to be denied a few of the crumbs, as a cheap method of papering over the deep well of collective insecurity and ego fragility precipitated by a lack of meaningful individuation and their failure to create anything useful or contribute any value to the world.

We could be playing this game together. Instead, we furtively dart about in Plato’s Cave imagining we are still living in a world of scarcity, rather than leveling ourselves up to behold the vision of the new world of abundance we have the capacity to create.

Not Ready Player One.

Read more

EqualitySupremacy
opportunitygatekeepers
democracyautocracy
diversitymonoculture
rule of lawfealty
entrepreneurshipfeudalism
accountabilitycorruption
Golden Rulepersecution
freedomoppression
fairnessarbitrariness
inclusivenessxenophobia
progressiveconservative
legal customsphysical force
creativerent-seeking
noveltystatus quo
favors challengersfavors incumbents
meritocracyaristocracy
holocracyhierarchy
consensusdictatorship
consenttyranny
diplomacyviolence
curiosityfear
toleranceintolerance
flexibilityrigidity
multi-facetedsingle-mindedness
organicbureaucratic
emergentcontrolling
radialtop-down
deliberaterash
carefulreckless
self-actualizedinsecure
logical reasoningmagical thinking
universaltribal
comprehensivedismissive
caretakingmilitaristic
communitygated community
independenceconformity
Read more 

Power is the crushing sensation delivered from somewhere vaguely Above.
It is obtuse; inscrutable.
Ever-shifting and mercurial.
Confounding.
Contradicting.
Nakedly self-interested.
Confident. Conscienceless. 
Faceless. Meaningless.
A black hole sucking everything in.
A black boot in every face.
A blackness.
A contradiction; a cognitive dissonance.
The bitter taste on one's tongue.
The gnawing fear.
Capriciousness.
Corruption.
Hypocrisy.
Paranoia.
Bombastic grasping.
A slap in the face.
An endless arms race.
A shallow grave.
A cold stare.
A trap.
Read more

According to Libertarian beliefs, the government should be as minimal as possible so as not to interfere with the workings of business. But how do you then prevent monopoly capitalism under a minimalist Night Watchman State?

The answer is: you don’t — which is “working as intended” to a libertarian. Both because their contempt for the government is so great they would sacrifice our very national treasures if it meant squeezing another cent out of the public coffers, and because they are fans of monopoly capitalism. Greed is good, and “competition is for losers” (according to tech billionaire Peter Thiel) — so what if the invisible hand must be made to slap around the little guy?!

Money is a religion, and these people are True Believers.

Read more

For friends of the Open Society who, like me, would prefer not to block the movement of people, ideas, and trade — some arguments for an open world:

  • Trade agreements are net contributors to economic growth
  • Immigrants are net contributors to economic growth
  • Money spent on the security industrial complex economy has low ROI vs. education, infrastructure, and research spending
  • A diversity of ideas more likely leads to the best outcomes vs. a paucity of ideas
  • Companies with more women leaders are more profitable
  • The more the merrier!

It’s the opposite of tribalism

Philosopher Karl Popper defined an open society as being opposed to a tribal or collectivist society — one driven by magical beliefs and magical thinking. He theorized that because all knowledge is provisional, we should always remain open to alternative points of view that may offer new information and perspectives. Critical thinking is paramount, as individuals are confronted with personal decisions that have no ready-made ritual to apply to their solution.

Values of an open world:

  • cultural and religious pluralism
  • humanitarianism
  • equality
  • political freedom
  • critical thinking in the face of communal group think
Read more

I’ve been reading John Stuart Mill’s “On Liberty” and am reminded of the quintessential liberal definition of the term:

The only freedom which deserves the name, is that of pursuing our own good in our own way, so long as we do not attempt to deprive others of theirs, or impede their efforts to obtain it.”

— John Stuart Mill, On Liberty
(emphasis mine)

It seems to me that Libertarian proponents tend to make a systematic error in portraying liberty as only commensurate with the first part of Mill’s description: essentially interpreting it as, “I should be able to do whatever I want, and have no constraints placed upon my person by the government whatsoever.” The idea of “cancel culture” is a reflection of this ideal, whereby the right wing complains that moral constraints that apply to everyone should not apply to them.

This mentality misses completely the essential boundary established by the second part of Mill’s quote: that doing what one wants has limits attached, and that those limits are a proscription on engaging in activities which either harm others, or deprive others of their own rights in pursuit of liberty. An essential part of the social contract, the concern for others’ rights naturally stems from concern for your own — as the collective will bands together to guarantee our rights in common, everyone has a stake in preserving the system.

Harm

Being fixated with avoiding taxation, the Libertarian will proclaim that the government is coercing him out of his hard-earned monies — but this fails to recognize the real harm being done to the lower classes by the deprivation of funds to support the basic level of public goods required to preserve life at a subsistence level as well as social mobility: the essence of the American dream.

In short, Libertarian dogma tends to be singularly focused on the self-interest of the upper classes without any attendant regard to the rights of others that may be trampled on by either class oppression or the capturing and consolidation of political power in the hands of the wealthy. It fails systematically to recognize the perspective of the “other side,” i.e. those who are harmed by the enactment of the Libertarian ideology — much as a narcissist lacks empathy — and with it, the capability of seeing others’ perspectives. You could in some ways consider it yet another form of denialism, as well as a cousin or perhaps even sibling to authoritarianism.

The Libertarian narcissist Venn Diagram is practically a circle.

Libertarianism sees itself in control

It believes its ideology should dominate others despite its extreme minority status. The Libertarian narcissist wants to get the benefits of the social contract and civil society, without having to pay back into the system in proportion to their usage of public resources at scale. The Libertarian political philosophy violates the fundamental, cross-cultural principle of reciprocity — exhibited in societies through the ages.

Read more

Gather ’round, y’all — it’s the fight of our times…

How much decision-making should be privately made, vs. collectively? Arguably, decisions that affect most of us ought, in some way, to incorporate input from the public.

But as Elizabeth Warren 2020 (!!) notes — it’s getting harder and harder to do that, even as economic opportunities dry up and the wealthy capture more and more of the political class.

With Senate giants Cory Booker, Kamala Harris, Joe Biden, and Bernie Sanders all exploring bids too, it’s shaping up to be a very interesting 2020 indeed. With so many all-star Democrats in this mix, it’s hard to imagine we won’t come out of this with an interesting campaign season — beginning approximately now, with Warren’s semi-official entry into the arena and owning the airwaves as Trump comes unhinged at “Pocahontas.”

She dressed him down easily, gracefully, and quickly — before moving on into substantive economic issues most Americans are going to want to hear a lot more about. Trump cannot speak this way about the economy, which means his ruse on the Hillbilly Elegies of the world is about to come to an abrupt end, with many of their rude awakening.

For some it will never dawn on them that the man of the golden toilets (and golden showers!) who inherited hundreds of millions of dollars from his New York real estate mogul father before bankrupting himself 4 times in the casino business, in point of fact can in no way understand their experience living in a motor home or ramshackle apartment complex in some run-down suburb in the rust belt. But many may finally see that he’s just been pretending, like all the other rich people who still rule their damn lives despite all the promises to “drain the swamp” of corruption.

Let’s hope.

Here’s to 2020! 🥂

Read more

We have endured much together these past 2-3 years, Team America. Thankfully our civil society is incredibly robust — and time is accelerating demographic gains in an inexorably democratic direction. As Boomers give way to Millennials — slated to happen as early as this year — we are experiencing a seismic shift in the national consciousness.

Look out, Boomers!

Our values as a nation-state have always been evolving as the political consciousness and cultural landscapes shift, but in recent political times the changes have been radical, seemingly sudden, and jarring in a way that collective memory does not easily recall. I believe we are witnessing the swan song of a generation — the largest post-WWII generation dominant demo for decades, now facing only the long decline.

Much is said of the Hillbilly Elegies of our country, but to be fair these elders are legitimately terrified: of the U.S. they see around them today — bearing little resemblance to the nation of their boomingly patriarchal childhoods; of the world outside our borders and the immigrants (theoretically; allegedly) streaming into them illegally; of long disused portions of America drying up and economically (and in some cases literally) tumbleweeding away; of their own impending mortality.

We go high

Michelle Obama was right. Is right. We should make ourselves aware of the kinds of games the other side is willing to employ, but endeavor not to play them ourselves as much as we can. But beyond a moral reason to love thy neighbor, there’s the practical matter that we may find common cause in surprising territories. Non-wealthy elder whites and young Millennials who struggled through the 2008 housing and banking crash both have reason to want a robust safety net, for example. This is the essence of democratic politics done well: coalition-building — not among special interests, but among elected leaders representing their constituents in good faith.

The arc of justice

…goes at its own pace, or something like that. Fascism has a creep (or at the moment, more of an open stride), and justice has a methodical process of evidence-gathering and weighing; we can have some solid faith in the latter to do its work. Regardless of the levels of bitter partisanship in the air, we have an enormous cadre of professional civil servants who do their often thankless jobs tirelessly for years and decades out of the limelight, for sub-private sector pay and little recognition. This cohort works tirelessly for us now, investigating the many tentacles of the Trump corruption operation stretching back years and decades into American life and foreign investment.

Mr Mueller, do your worst. By which I mean your best. We understand each other, I think. 👍🏽⚖️

Read more

Peter Thiel at Isengaard looking into the Palantir

Peter Thiel and Palmer Luckey are a particularly toxic breed of billionaire welfare queen, who outwardly revile government with every chance they get while having both sucked at its teat to make their fortunes, and currently making a luxe living on taxpayer largesse.

Thiel’s Paypal and Facebook-induced riches rode the coattails of the DARPA-created internet, while Luckey had his exit to internet giant Facebook. Now Thiel helms creepy-AF data mining company Palantir, whose tentacles are wrapped all the way around the intelligence community’s various agencies, while Luckey’s Thiel-funded startup Anduril is bidding for lucrative defense contracts to build Trump’s border wall. It’s the stuff of full-on right-wing neocon wet dreams for both men.

They follow in a long line of right-wing denialism in which Austrian School econ acolytes (and trickle down aficionados) have claimed to be self-made men while reaping untold rewards from lucrative military contracts and other sources of government funding or R&D windfall. Barry Goldwater once famously invoked the mythology of the independent cowboy to describe his successful rise (as would union man Ronald Reagan years later) — when in reality he inherited the family department store business that itself became viable only due to the public money pouring in to nearby military installations springing up in Arizona since as far back as the Civil War.

Even without the American government as their businesses’ largest client, the Libertarian ideal of disproportionately enjoying the fruits of public goods while viciously fighting against the taxation required to pay for them puts the lie to these mens’ claims of Ayn Randian moral supremacy. The ritual flogging of so-called “Great Man Theory” animates all sorts of dangerous social projects such as the world’s richest man purchasing the de facto town square and turning it into a right-wing plaything.

If we’re lucky, Luckey will create some sort of VR seasteading community that sucks the Silicon Valley Supremacists right in and traps them in a sort of Libertarian Matrix forever.

More on Peter Thiel and his right-wing political network:

  • Buddies with right-wing Silicon Valley venture capitalist David Sacks
  • Member of the PayPal Mafia
  • Funded successful Ohio Senator JD Vance‘s campaign
  • Funded loser Blake Masters’ Senatorial campaign in Arizona in 2022
Read more

oligarchs in the 19th century

Some people like to argue that more economic inequality is a good thing, because it is a “natural” byproduct of capitalism in a world of “makers and takers,” “winners and losers,” “wolves and sheep,” [insert your favorite Manichaean metaphor here]. However, too much inequality is deleterious for both economics and politics — for with oligarchy comes the creep of fascism.

Those who amass exorbitant wealth often increasingly use a portion of their gains to capture politics. While the mythological premise of trickle-down economics is that we must not have progressive taxation, because giving more money to the already wealthy is the only way to spur economic investment and innovation and create jobs — in actual fact the majority of tax cut windfalls go to stock buybacks, offshore tax havens, regulatory capture, political lobbying, and campaign donations in the form of dark money (and regular money). All this is a runaway amplifying feedback loop that tilts the playing field further away from equal opportunity, social mobility, and democratic process — the original American Dream.

In the oligarchy, your vote doesn’t matter

Wealthy elites seek to preserve the power structures that have benefitted them, and keep them (and their descendants) in the ruling class. It is a slow recreation of the aristocratic societies of old Europe that we fought a bloody war of independence to separate ourselves from. Yet the erosion of civil values, public engagement, and collective will — largely as fomented by the conservative elite over the past 50 years in America — and the ascendancy of the myth of “rugged individualism” have conspired to create a perilous condition in which corruption operates so openly in today’s White House [2018] and Wall Street that democracy itself is in great danger. The creep of fascism is felt in the fell winds that blow.

Moreover, we have learned these lessons once, not quite a century ago, yet have forgotten them:

“Where there is a crisis, the ruling classes take refuge in fascism as a safeguard against the revolution of the proletariat… The bourgeoisie rules through demagoguery, which in practice means that prominent positions are filled by irresponsible people who commit follies in moments of decision.”

— Czeslaw Milosz, The Captive Mind
Read more

Dictatorships generally do not foster, or even tolerate, the kind of creative disruption of the status quo necessary to the existence of a dynamic free market. Plus, the economy of the Russian state can best be described as a mafia state, or kleptocracy. Thus Vladimir Putin needs to find other ways to shore up both the national finances and the support of his cronies (much less so, of his people, who are primarily afterthoughts in the Russian power structure).

After the fall of the Soviet Union, the rapid shift to capitalism was done with little oversight and many hands in the cookie jar. The Russian land’s rich stores of minerals, oil and gas, heavy metals, and other natural resources were rapidly privatized and newly-minted oligarchs flexed wealth and power in a way never before dreamed of in the former USSR.

The combination of powerful new gatekeepers who locked up the Russian economy early via capital flight and never let it go overshadowed the capitalistic transition and, in a very real way, hijacked it before it ever really got underway. The result is, some 30 years on, an unpopular creaking kleptocratic regime reviled around the world for its stubborn aggression, subversion of democratic processes around the world particularly in Europe and the United States, support for organized crime, and significant financial crimes on the part of the state itself.

Putin’s autocratic rule from dull to terrifyingly devious has a chilling effect on hope, self-determination, self-governance, and ultimately — on happiness, freedom, and creativity. Totalitarianism is capable of exerting control, but always fails to inspire anything except for eventual revolution against the oppressors.

Here is a granular look at major indicators of the economy of the Russian Federation.

OECD Country Dashboard: Russian economy

Read more