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MrCapitalism

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Posts posted by MrCapitalism

  1. I work at The Boeing Company

    I don't know where you work in the company, but imagine if it has any relation to commercial aircraft then everything is probably a mess. They've got some serious problems that go way beyond the scope of this issue, and I'm sure they're pretty sick of "the book" right about now [:P]

  2. Assuming you work in a department other than HR, this sounds like an institutional problem. I wouldn't continue unless you want to form some real tension within your company. The fact that HR is going to back up a manager who is obviously going to violate written protocol clearly tells you how things run at your place, and how you can expect them to run in the future. If you want that position make your desires known to those who promote, don't be adversarial to decisions they've already made, they'll remember you for doing it.

  3. Your thoughts?

    IMO, Excluding Gustave de Molinari, truely principled libertarianism-anarchism is so new that it hasn't even established itself in any way amongst even the rest of the libertarian mindset. Murray Rothbard's generation was really the first that advocated a complete abolishment of government. Even Mises, his teacher and mentor, was a minarchist. It just hasn't been around long enough, and doesn't have enough influence to be a target for co-opting. Minarchism, as you rightly pointed out, was co-opted long long ago.

     

     

  4. If what I read on the internet can be trusted, the slippers were originally silver.

    The story is 'supposedly' about the government's institution of "bimetallism" thus outlawing the market between gold and silver. Bimetallism is the legal mandate of an exchange rate, instead of freely floating prices on an open market.

    Oz is the shorthand for the unit of measurement of weight = ounces. The Emerald City is Washington D.C. and it is green because it represents useless Greenbacks paper money.

    The yellow brick road is gold. The slippers are silver. Bimetallism is a scheme to demonitize silver in favor of gold, and turn silver money into tokens (value acording to face and law instead of weight, thus the government steals the value).

    Dorothy is the average american. Tin Man is the Steel industry. Scarecrow is the nations farmers. The Cowardly Lion I think was a politician or something.

  5. So in terms of game theory, the game has to be generalized in some way to allow for additional plays, as the standard type of game (see link in OP) is artificially restricted (only two moves are possible -- cooperate or not).  This definitely makes sense, as there seems to be massive profit potential to be exploited in some way, and there exists enormous creativity in sophisticated free markets.  The non-excluable, non-rival axiom of the game is the way the narrow range of possibilities are justified -- so one may be able to argue one of the following points a) no such non-excludable, non-rival situation actually exists in real life or b) the non-excludable, non-rival axiom doesn't actually translate into the commonly accepted limitations on the game.

    To put it in terms of the OP video; If any of the 100 individuals will refuse to provide the good any time that the individual cost is greater than 3, then 29,500 units of productivity are lost. This means any entrepeneur who is capable of devising a means of excluding non-contribiters will reap a benefit of up to 29,499-e units of productivty, where e = the cost of implemention of the solution.

     

     

  6.  

     even though there is a huge net value gain if everyone cooperates and does not pollute).

     

     

    I don't remember where I saw it (somewhere in mises.org), but I'll try to paraphrase the answer until/if I find it.

    But the underlying statement in the "tragedy of the commons" type of arguments is that the net benefit of collective action far outweighs the costs acruing to any individual participant. Or put more simply, that there is a profit to be found in solving the problem of the common (in this case air polution). The argument rephrased is that private profit seeking individuals will be unable to exploit a profitable situation, even though there is a stated economic gain in solving the problem.

    Tom Woods jokingly give a sort of answer.

    Posted Image

     

  7.  

    Not sure why you are posting this. Is it to point out that the "asteroid threat" is nothing new?

     

    Yes.

     

    Anybody who's flunked out of West Point knows you have to "soften up" your tactical insertion point.....

    Not sure what you mean here. Could you please clarify.

    Obviously it's an alien aerial bombardment, a precursour and preparation for the eventual invasion (as the woman in the video made reference).

     

  8. Is the mainstream media continuing with an asteroid scare-tactic, and now starting to associate it with spaceships?

    http://cosmiclog.nbcnews.com/_news/2013/02/19/17020030-out-of-control-spaceship-nope-its-asteroid-2012-da14-seen-on-radar?lite

    Recall the speech by Carol Rosin in the video link I provided at the beginning ot this thread.  "And the last card....[after the asteroids] will be the extraterrestrial threat." (located at around 1:15 on the counter).  This speech was delivered I believe in 2007 (at least that's when it was outloaded to You Tube.)

    Anybody who's flunked out of West Point knows you have to "soften up" your tactical insertion point.....

     

  9. I live near the two major airports in the Miami - FTL area and have eyes on them daily. I never see anything near them that resembles the image you posted.

    It's a very rare phenomenon at low altitude, this is one (I think the only) decent photograph of it's existence. You are gauranteed to never see this happen in south Florida.

     

     

  10. Quoting Rothbard

    The receipt of gifts has often been considered simple
    income. It should be obvious, however, that the recipient produced
    nothing in exchange for the money received; in fact, it is
    not an income from current production at all, but a transfer of
    ownership of accumulated capital. Any tax on the receipt of
    gifts, then, is a tax on capital. This is particularly true of inheritances,
    where the aggregation of capital is shifted to an heir, and
    the gift clearly does not come from current income. An inheritance
    tax, therefore, is a pure tax on capital. Its impact is particularly
    devastating because (a) large sums will be involved, since
    at some point within a few generations every piece of property
    must pass to heirs, and (b) the prospect of an inheritance tax
    destroys the incentive and the power to save and build up a family
    competence. The inheritance tax is perhaps the most devastating
    example of a pure tax on capital.
    A tax on gifts and bequests has the further effect of penalizing
    charity and the preservation of family ties. It is ironic that
    some of those most ardent in advocating taxation of gifts and
    bequests are the first to assert that there would never be
    “enough” charity were the free market left to its own devices.

    The second criticism is that ultimately the problem is that captialism gives people what they want. If people desire satisfaction of their primal needs and instant gratification then the market will adjust to it. However, if people desire culture, then the market will adjust to that as well (actually it currently does both, high culture is easily obtainable if you one desires it. Everybody wants to tell everybody else what kind of person they should be, and doesn't consider what kind of people they want to be.

    The two complaints also contradict the states solutions. IF people only desire instant gratification THEN there would be no problem of "inherited wealth" since nobody would look farther into the future than the end of their own lives. Likewise, as Rothbard discussed, if estates are taxed at 100% then this society towards instant consumption and gratification, since there is no point in saving for future generations. It also serves to break up capital accumulation, which hampers the rate at which society can create wealth.

     

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