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  • idiom's Avatar
    Today, 01:07 AM
    That sounds really really vampirically rapey
    59 replies | 949 view(s)
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    1 replies | 56 view(s)
  • idiom's Avatar
    Yesterday, 06:16 PM
    According to an-caps the socialists would lose. Unless there is already intervention on the side of the socialists by another state? If the socialists are being supported then being against intervention would stop that support. If the an-caps can't win an a stateless civil war then what is the point of their theory? Also what happens when they defeat the tankies with your historically unprecedented covert support and then turn around and fly planes into buildings?
    89 replies | 1342 view(s)
  • idiom's Avatar
    Yesterday, 02:27 AM
    So what happens if we shorten the working day to six hours, apart from the 30% loss in wages? How will humans act with a workday synced to the school day?
    40 replies | 1071 view(s)
  • idiom's Avatar
    10-15-2018, 11:10 PM
    Point was that every wave of destruction would trigger massive moves to starvation wages instead of structural unemployment due to the huge disparities between economies suddenly joined with 300 years of economic development separating them. If half of Michigan was on $2 a day, 16 hours a day with no hope it would change, the Trumpian anger would be way hotter than it already is.
    40 replies | 1071 view(s)
  • idiom's Avatar
    10-15-2018, 10:18 PM
    Injecting capital on a competitive basis with no interest or loan burden. Low governance overhead. Return comes via future taxes. Why wouldn't it be a massive success? And yes, it does parallel several of the big advantages of UBI over welfare. With a booming extremely young population they simply don't have families with large accumulated capital saved to invest in opportunities. If that is the missing element then such a program would be economic rocket fuel.
    5 replies | 102 view(s)
  • idiom's Avatar
    10-15-2018, 10:11 PM
    We are analyzing it morally here, and foreign aid is a really mixed bag so it should be approached with caution. Prices are a form of a lot of information. In fields without prices but still involving human choice, like how will all these people respond to an injection of foreign capital, the information must surely be thinner on the ground.
    89 replies | 1342 view(s)
  • idiom's Avatar
    10-15-2018, 09:46 PM
    That's the beauty of it, and why its moral. Its not even the merit of people, but of their actions, measured objectively, and agnostic about its goal seeking. The point of it is that is better than any other welfare system and even people who are looking out purely for themselves end up benefiting others. The upside is it massively increases productivity. The downside is this process isn't necessarily humane. It works out in the global aggregate, but for example whole chunks of the US are only competitively employable at 16 hours @ $2 day if we went entirely deregulated. Now that is working its way up gradually over time. Now to go from a safe job to that, does that increase risk tolerance or lower it? Does it increase capital accumulation? Would talent flee to regulated countries? The consumer preferences change for her competitors equally, so that is not a defensible advantage. One may arrange the company so it is faster to notice and respond, but that is organisational innovation for the purpose of going something better or something new. Again if the competition adapts you have to change again.
    40 replies | 1071 view(s)
  • idiom's Avatar
    10-15-2018, 09:28 PM
    Both are human action, one has significantly less knowledge of the variables involved and hugely more important consequences.
    89 replies | 1342 view(s)
  • idiom's Avatar
    10-15-2018, 04:12 PM
    Surely the geopolitical market is more complex than a small neighborhood economy that is itself to complex to manage efficiently without price information? Trying to reduce geopolitical situations down to single factors, and also believing that manipulating that factor will yield a predictable result without even quality information from each actor of the sort prices create seems a tad fool hardy.
    89 replies | 1342 view(s)
  • idiom's Avatar
    10-15-2018, 05:11 AM
    Dunno what country Larken Rose is chained up in, but its a very american-centric viewpoint. Slavery dissolved slowly in England over 1000 years. From the Magna Carta, through feudal and corvee systems, through vagabond labour, bit by bit England became more and more democratic. It just seemed rapid in the US where it was common place for millennia and then suddenly ended by treaty. It is quite possible to imagine an ancap-corporation on its own land that allows you to live within its borders for a portion of your income, whose directors are elected by all paid up shareholders, and whose directors can change the portion of income that counts as rent. All of which would be voluntary. So his objections are based in the genesis of the system not the actions or the structure of the system. Like a Marxist saying all Capital was originally gained immorally hundreds of years ago, so no system can possibly be fair now.
    6 replies | 317 view(s)
  • idiom's Avatar
    10-15-2018, 04:52 AM
    Violating nations rights for the rights of individuals is historically fraught with massive unintended consequences. But sometimes when you don't intervene Rwanda happens. Although that was pretty much all consequence from earlier interventions. Comes down to how much do you think you know, and if you know so much why do we even need prices?
    89 replies | 1342 view(s)
  • idiom's Avatar
    10-15-2018, 04:43 AM
    In reverse order: Lets say you are good at raising sheep, and can manage 1000 sheep on your own. That great in a closed system on your own farm, you get to have more sheep and wool that you can possibly use. You are rich in sheep and wool, regardless of what other do. As soon as you are in an exchange economy producing those sheep for exchange your productivity becomes relative. If someone can produce sheep a wee bit more efficiently than you, or better sheep, you are completely fucked. Your production capabilities become unprofitable, and thereby worse than useless, they become capital sinks. At equilibrium in a free market with no barriers to entry and so on, one only makes an profit equivalent to the risk rate plus a small premium related to cost of entry. So if an individual wants to create a profit they must create a dislocation. There are bad ways to do this, but the good ways are technology innovation, organisational innovation, market innovation, branding, or anything else that creates a temporary concrete difference between your product and that of everyone else. Either you can make something cheaper, more appropriately, or something new. One can't make a noteworthy profit by doing the same thing as everyone else in a competitive market. This is the blessing and curse of capitalism, a permanent revolution. We tolerate millions being made obsolete en masse, because what they were doing was sub-optimal, and now they can do something better. But maybe they can't, not all of them as individuals, or maybe they all can, maybe they need a boost, maybe they need to be left to become desperate enough to create the next dislocation.
    40 replies | 1071 view(s)
  • idiom's Avatar
    10-13-2018, 08:13 PM
    Foreign Aid is often give in ways that intentionally or unintentionally create horrific distortions in the target economy. Loans are often usurious requiring the country getting "help" to impose massive taxes to show they are credit worthy. It can also be disturbingly imperialistic or disruptive. For example giving money to Israel to buy weapons from the US, crowding out its native industry. Most export banks are guilty of the same thing.
    89 replies | 1342 view(s)
  • idiom's Avatar
    10-13-2018, 06:51 PM
    The goal isn't to ascribe blame but to describe the forces at work. The other difficulty is we are describing equilibrium conditions, when capitalism is inherently seeking of a disequilibrium as at the equilibrium nobody makes a profit. In a model market economy things should always get better, and historically in aggregate they do. The accounts quoted above were the result of massive rapid local dislocations. Peasants in England urbanized incredibly quickly with the mechanization of agriculture. Cities would double or halve from one year to the next with the incredible pace of innovation wiping out industrial centers and rebuilding them just as quickly. Thus we examine where the sweat shops come from, how we have alleviated conditions historically, if the cure is worse than the disease, etc. We also have the difference between an economic model and actual human action in the face of upheaval at beyond human scales, like when its not your neighbour that leap frogs your factory and shuts you down, but another country leap frogs your entire region and obliterates the regional economy fair and square. Are the realistic non-state responses better or worse than the reality of state interventions.
    40 replies | 1071 view(s)
  • idiom's Avatar
    10-13-2018, 03:26 PM
    8 Employers, 9 labourers.... Its just supply and demand. If supply of labour outstrips employment then you get subsistence wages and a 16 hour working day, and still one unemployed dude. If the employers voluntarily restrict the working day, you end up with a shorter working day, workers all still getting their bread, one unemployed dude, but lower productivity at the specific thing the employers are doing. Maybe you end up losing an employer or two and you end up with 5 guys with no bread. Point being with a labour surplus, the employers are punished severely for not working labourers as hard as they can as long as they can for as little as they can. So its not the employers exploiting the labourers, but competitive forces threatening employers.
    40 replies | 1071 view(s)
  • idiom's Avatar
    10-13-2018, 02:54 AM
    One of them can earn the loaf of bread in 5 hours then, the other gets no loaf of bread. Why would the second individual not under bid the first and offer to work six hours for the same total pay?
    40 replies | 1071 view(s)
  • idiom's Avatar
    10-12-2018, 11:30 PM
    Hey, Marvel films kick ass. But yesh, there are people who become ideologically possessed. Everything they say is straight from a text book, whether Rand, Mises, Marx, or Sarte, they have an uncritical worldview and an answer for everything.
    30 replies | 691 view(s)
  • idiom's Avatar
    10-12-2018, 11:12 PM
    Two paupers from the 16th century with the same productivity, both will work until they can buy bread, but the employer only needs one person to tend a machine. The wage for the day is going to end up at the price of the bread. Who decides how long they will work for?
    40 replies | 1071 view(s)
  • idiom's Avatar
    10-12-2018, 05:57 PM
    /Popcorn
    11 replies | 349 view(s)
  • idiom's Avatar
    10-12-2018, 04:18 AM
    The really evil fuckers are guys like Wakefield apparently, just digging into him. Though that colonies had a hard time because people were not compelled to become pitiful wage slaves, so colonial governments should put in price floors on land so that people have to work for the rich. Marx cites this as proof of his theories. When people bitch about colonialism, this is the dude they mean, a bloody awful strawman of colonial theory. Poor old industrialists travelling to the new world with tonnes of machinery but can't find cheap labour. My heart breaks for them. Marxists genuinely believe capitalists feel entitled to magic profit. The problem is a lot of people do, hence 2008 etc. Ayn Rand excoriated this sort pretty fiercely.
    40 replies | 1071 view(s)
  • idiom's Avatar
    10-11-2018, 03:51 PM
    Found it, in Chapter 19 Hazlitt advocates for unionization to solve the problem "The only exception to this occurs when a group of workers is receiving a wage actually below its market worth. This is likely to happen only in rare and special circumstances or localities where competitive forces do not operate freely or adequately; but nearly all these special cases could be remedied just as effectively, more flexibly and with far less potential harm, by unionization." Thanks for the help guys.
    40 replies | 1071 view(s)
  • idiom's Avatar
    10-11-2018, 03:35 PM
    Thanks, this is roughly what I was after and has the same conclusions I reached regarding 30 hour weeks, but doesn't address the historical cases of 7 year olds working 16 hour days. Is that simply a desirable market outcome to avoid paying tax? Also his claims that labour campaigned against 18 hour days in order to decrease unemployment is also untrue, and is straw-manning it. Unions can create serious economic difficulties, but luddite type action is not what we are addressing here. What free market mechanisms lead to a world where children aren't working themselves to the bone with menial labour? Bear in mind that the English state was also hanging 7000 people a year for the crime of begging.
    40 replies | 1071 view(s)
  • idiom's Avatar
    10-11-2018, 12:53 PM
    Its not arbitrary. We got there after centuries of labour organisation. It is enforced by the state. Before that 10 and 12 hour days were they maximums. Without maximums the working day extends to be extremely long. Do Hazlitt, Mises, or Hayek have any discussion of this? Now Marx thinks that the length of the working day is where profit comes from, right. He is wrong here, but its why socialists fixate on it, and why labour has fought for shorter work days. However his discussion of commodification is interesting in this regard. His costing of a commodity is basically marginal. The cost of something isn't what it cost to make, but the replacement value using the latest technology, so on a cost basis everything you have in stock is constantly depreciating as capitalism moves technology forward. Of note by Marx's commodity rather than surplus value framework employees are forever being overpaid. Now we look at a machine operator, a worker babysitting a machine, so easy a child can do it. Almost no opportunity for a person to differentiate their value. Also assume a market where supply outstrips demand. The value of this job is going to be set by the lowest bid. Lowest bid is going to be the cost of staying alive divided by the number of hours per day worked. Under these conditions there is strong incentive to work as many hours as physically possible. The work will also go to women or children who are cheaper to keep alive.
    40 replies | 1071 view(s)
  • idiom's Avatar
    10-11-2018, 06:36 AM
    I meant any papers on it or books. So without state intervention the ideal workday is like 12 or 14 hours? 30 hours? Is it just a continuous race to the bottom? Say you have to make $100 per day to cover your living costs. You can work 5 hours for $20 per hour. Similar person to you offers to do the same job for $10 per hour as long as they get 10 hours of work. Do you try and get 20 hours of work at $5 per hour? Or consider it in another form:
    40 replies | 1071 view(s)
  • idiom's Avatar
    10-11-2018, 06:27 AM
    Hey, Where do I go for Austrian discussion of the length of the working day? Outside of Marx discussions about it and the forces controlling it are pretty thin on the ground. Any guidance appreciated.
    40 replies | 1071 view(s)
  • idiom's Avatar
    10-09-2018, 03:56 AM
    This is not a grab-em-by-the-pussy reference?
    124 replies | 3117 view(s)
  • idiom's Avatar
    10-09-2018, 03:53 AM
    What happens in American bathrooms that suddenly turns people into rapists that doesn't happen anywhere else? Don't you people rape each other in unisex alleys anymore?
    14 replies | 329 view(s)
  • idiom's Avatar
    10-09-2018, 03:51 AM
    Third option, Its okay if the government executes the wrong people, as long as the government is strong and stable. - Chinese attitude.
    53 replies | 1626 view(s)
  • idiom's Avatar
    10-09-2018, 03:49 AM
    Good time to be in a country with a 22% debt to gdp ratio ;) We were 5.4% in 2008. Dandy.
    31 replies | 822 view(s)
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