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Compare the Federal Reserve to many of these subprime "technology driven" lending startups. Who is more professionally staffed? Compare the NSA to Palantir. C

by HiLo 11y ago

Compare the Federal Reserve to many of these subprime "technology driven" lending startups. Who is more professionally staffed? Compare the NSA to Palantir. Compare NASA to SpaceX. Compare the Treasury to Enron. Compare Bell Labs with WorldCom. Your argument isn't as strong as your Econ 101 textbook made it out to be.

saosebastiao 11y ago
Do silly and subjective comparisons of handpicked outliers come in Econ 102? What exactly did I say that has anything to do with Econ 101? It isn't even an economic argument.
- HiLo 11y ago
  >All that is necessary is for the private sector to be better run and wiser than the government. Many economists would consider this to be a problem that falls under their realm of expertise. Can you provide counterexamples? If you look, there is plenty of competency in both sectors.
  - saosebastiao 11y ago
    > Many economists would consider this to be a problem that falls under their realm of expertise. Econ 101 doesn't opine on the relative efficiency merits of government vs private sectors...makes me wonder if you have ever even taken an economics course. You misrepresent both Economics as a field of study and the argument I was trying to make (which was an argument by logical reasoning, not economic reasoning). If you'll notice, I even mentioned a specific government (the german government) as one I would entrust my money to, so it should be pretty fucking obvious the argument never was about government vs private, but rather our government vs private. > Can you provide counterexamples? If you look, there is plenty of competency in both sectors. Yes, I can provide counterexamples, but that I'm not gonna beat up your straw man for you. There is plenty of competency in both sectors, but you can't deny that if my money goes to the US government, that a significantly large portion of it will go to extremely bad ideas, such as blowing arabs up and funding the militaries of foreign governments that will help blow up more arabs, subsidizing millionaire farmers, subsidizing automobile travel, creating laws that imprison people for victimless crimes and building the expensive prisons to house them for mandatory minimum amounts of time, etc. Sure, we democratically elected this shit, but we could democratically elect any pile of shit and it would still be a pile of shit. I see no utilitarian value in respecting the whims of 51% of the population.
simoncion 11y ago
> Compare NASA to SpaceX. I guess you haven't been paying attention to SpaceX. With the exception of commodity things like their microchips, they've built all of their tech from scratch. They can deliver payloads somewhere between 33% and 66% cheaper than anyone else. Their safety record is really, really good. They're doing things with their launch vehicles that noone else is. SpaceX is the best goddamn thing to happen to spaceflight since the Cold War Space Race.

by HiLo 11y ago

saosebastiao 11y ago

Do silly and subjective comparisons of handpicked outliers come in Econ 102? What exactly did I say that has anything to do with Econ 101? It isn't even an economic argument.

HiLo 11y ago
>All that is necessary is for the private sector to be better run and wiser than the government. Many economists would consider this to be a problem that falls under their realm of expertise. Can you provide counterexamples? If you look, there is plenty of competency in both sectors.
- saosebastiao 11y ago
  > Many economists would consider this to be a problem that falls under their realm of expertise. Econ 101 doesn't opine on the relative efficiency merits of government vs private sectors...makes me wonder if you have ever even taken an economics course. You misrepresent both Economics as a field of study and the argument I was trying to make (which was an argument by logical reasoning, not economic reasoning). If you'll notice, I even mentioned a specific government (the german government) as one I would entrust my money to, so it should be pretty fucking obvious the argument never was about government vs private, but rather our government vs private. > Can you provide counterexamples? If you look, there is plenty of competency in both sectors. Yes, I can provide counterexamples, but that I'm not gonna beat up your straw man for you. There is plenty of competency in both sectors, but you can't deny that if my money goes to the US government, that a significantly large portion of it will go to extremely bad ideas, such as blowing arabs up and funding the militaries of foreign governments that will help blow up more arabs, subsidizing millionaire farmers, subsidizing automobile travel, creating laws that imprison people for victimless crimes and building the expensive prisons to house them for mandatory minimum amounts of time, etc. Sure, we democratically elected this shit, but we could democratically elect any pile of shit and it would still be a pile of shit. I see no utilitarian value in respecting the whims of 51% of the population.

simoncion 11y ago

> Compare NASA to SpaceX. I guess you haven't been paying attention to SpaceX. With the exception of commodity things like their microchips, they've built all of their tech from scratch. They can deliver payloads somewhere between 33% and 66% cheaper than anyone else. Their safety record is really, really good. They're doing things with their launch vehicles that noone else is. SpaceX is the best goddamn thing to happen to spaceflight since the Cold War Space Race.