For me the problem with "austerity" is not that it should be unthinkable. There are times when policies or changes in underlying conditions create real losses, and these losses cannot simply be monetized. They genuinely have to be absorbed by some sector or other of the economy…
For me the problem with "austerity" is not that it should be unthinkable. There are times when policies or changes in underlying conditions create real losses, and these losses cannot simply be monetized. They genuinely have to be absorbed by some sector or other of the economy…
Everyone wants capitalism for society, but socialism for themselves.
Socialism is great.
The problem is that someone has to pay for it.
In other words, you can’t have socialism, without capitalism.
Contrary to popular belief, that’s exactly what we have in the US.
You have…
> be 25 year old Taiwanese STEM grad, top 10% of class
> land “prestigious” job at world-famous ODM sweatshop
> starting salary: 22K NTD/month, same as 2009 intern subsidy
> boss proudly announces 0.5% raise, “beats inflation if you don’t eat”
> shareholders pocket record…
> be 25 year old Taiwanese STEM grad, top 10% of class
> land “prestigious” job at world-famous ODM sweatshop
> starting salary: 22K NTD/month, same as 2009 intern subsidy
> boss proudly announces 0.5% raise, “beats inflation if you don’t eat”
> shareholders pocket record…
The saddest but most consistent Canadian trope is that we demand to be taken seriously as a country, and then immediately become outraged when it turns out you have to spend money on things to be taken seriously as a country.
The saddest but most consistent Canadian trope is that we demand to be taken seriously as a country, and then immediately become outraged when it turns out you have to spend money on things to be taken seriously as a country.
"Left behind" implies we were in the race and lost.
No, it is more idiotic/worse than that - we literally gave it away. 30 years ago, we took our best tool makers and engineers and taught everyone else how to build these components, then exited the race.
Then we took all our…
"Left behind" implies we were in the race and lost.
No, it is more idiotic/worse than that - we literally gave it away. 30 years ago, we took our best tool makers and engineers and taught everyone else how to build these components, then exited the race.
Then we took all our…
What is more or less capitalistic?
1) The government openly buying 10% of a stock in a strategic autonomy sector that conventional market forces would otherwise wipe out.
2) A foreign government buying a significant stake in a strategic autonomy sector that conventional market…
What is more or less capitalistic?
1) The government openly buying 10% of a stock in a strategic autonomy sector that conventional market forces would otherwise wipe out.
2) A foreign government buying a significant stake in a strategic autonomy sector that conventional market…
"But the problem with our competition policy is not one clause. It’s the whole act trying to function as both competition law and industrial policy. If you chase two rabbits, you will not catch either one." policyoptions.irpp.org/magazines/augu…
The thing that the YIMBY crowd often misses — and I say this lovingly, because I am also a YIMBY, and I believe in zoning and building code reform — is that we need regulatory reform *beyond* local codes in order to achieve the housing abundance and neighborhood vibrancy we all…
Hats off to whoever picked the sound for Mayor Adams turning on the big router — announcing a plan to provide free WiFi to Section 8 housing in the Bronx.
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My Personal Views posted here.
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Discussing economy, finance, real estate, entrepreneurship, etc.
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