objectivistbrit

10 ms·

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by objectivistbrit 10y ago
Up-to-date price here: http://www.coindesk.com/price/
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Bitcoin Price Chart(bitcoincharts.com)
60 points by objectivistbrit 10y ago|66 comments
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by objectivistbrit 10y ago
A gwern classic - the second sentence of this wall of text contains 112 words and 14 verbs. I think your tendency to include tons of parenthetical remarks, caveats and every example you can think of, confuses the reader and makes it hard to
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by objectivistbrit 10y ago
'Capitalism' doesn't create jobs. Companies create jobs. Many companies are badly managed, and employ staff they don't need. This is true. (And only has one solution - people not taking jobs they think are pointless, and
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by objectivistbrit 10y ago
Re-read my post. Laws are needed, government is needed, taxation and coercion are not needed.
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by objectivistbrit 10y ago
The government is needed to enforce the laws. This does not mean the goverment needs to redistribute wealth, regulate business or manage the economy. A government which stuck to this role could be funded by tax rates of about 5-8%. My ideal
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by objectivistbrit 10y ago
Since WW2 most basic research has been funded by governments, but prior to WW2, the industrial revolution happened without state funding. Varoufakis' argument is that since the state has been taxing the productive to fund research, tha
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by objectivistbrit 10y ago
> No human alive has the self-awareness to write about themselves objectively. You and OP make way too much of this. Have you actually read any autobiographies? As with any piece of writing, you have to form your own judgements, but peop
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by objectivistbrit 10y ago
People who seriously think a basic income future is desirable should invest the bulk of their research efforts in automation technology. How do you build a fully automated farm? How do you build a fully automated factory and logistics netwo
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by objectivistbrit 10y ago
"Every day, innovative companies promise to make the world a better place. Are they succeeding?" Companies promise to make money by offering valuable goods and services to customers. "Making the world a better place" is
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by objectivistbrit 10y ago
The irrationality you are noticing is to do with the modern concept of rights. Since the New Deal and the Universal Declaration of Human Rights, 'right' has come to cover things like right to a job, right to healthcare, right to e
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by objectivistbrit 10y ago
Despite my username, I agree that the market will not fix discrimination. (Which I used to not believe was a problem, until I saw it first hand). Markets are made up of individuals, and if most of those individuals are irrational, irrationa
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by objectivistbrit 10y ago
This doesn't surprise me based on my own reading. Perception is a very hard problem to crack. Also, even a seemingly simple task like driving involves situations requiring "human-level" decision making and judgement. Also int
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by objectivistbrit 10y ago
Many of the largest undertakings. (Here's one counter-example - the world's first transatlantic cable: https://en.wikipedia.org/wiki/New_York,_Newfoundland_and_Lon... ). The mistake many libertarians make is t
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by objectivistbrit 10y ago
The EU is too large and diverse to be a viable country. Inevitably, it ends up ruled by a technocratic elite (because there's no way democracy can work with 500 million people and 28 cultures) and with recurring crises (because there&#
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by objectivistbrit 10y ago
"Or is the objection merely to some wholly imaginary threat to the purity of the anglo-saxon race and culture and an unthinking and instantaneous embracing of anything nationalist and right leaning?" Yes. Yes it is. Everyone who d
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by objectivistbrit 10y ago
Right, saying "we won't invest under these conditions" is extortion. On a sane planet, one not following clown world logic, it would be obvious that the telcos are telling the government to stop extorting them.
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by objectivistbrit 10y ago
US is big and sparsely populated. Also, telecoms there are heavily regulated. Contrary to common claims, there isn't a huge difference between the European and American models (both are free markets with heavy state involvement in pret
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by objectivistbrit 10y ago
From the report: "In this context we must highlight the danger of restrictive Net Neutrality rules, in the context of 5G technologies, business applications and beyond. 5G introduces the concept of “Network Slicing” to accommodate a wi
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by objectivistbrit 10y ago
It's a property rights issue. Specifically, should private organisations be allowed to own major pieces of infrastructure? The European vision of capitalism is where you can own, say, a cafe or mobile app, and do what you want with it.
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by objectivistbrit 10y ago
I see from your comment history you know finance, so - um, what? There are different definitions of "profit".
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by objectivistbrit 10y ago
We're several years too late to stop it, and we still have half of our government (in the US) utterly denying the problem even exists. I suggest looking up what people on the opposite side of the debate actually believe, rath
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by objectivistbrit 10y ago
Those policies were both very expensive and caused a slowdown in economic growth. Sweden has rolled many of them back recently. https://mises.org/library/how-modern-sweden-profits-success-...
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by objectivistbrit 10y ago
> And from the late-1800s till the mid-1900s, there were huge government investments made in building new and innovative infrastructure in the US--railroads, the phone network, state universities and K-12 public education, electricity ge
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by objectivistbrit 10y ago
"The SEDA, or Sustainable Economic Development Assessment ranks more than 160 countries across 10 areas including economic stability, health, governance and environment." A country's SEDA score could easily go up or down dras
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by objectivistbrit 10y ago
Denmark also has a less regulated financial system than the US. The idea of the US, when compared to Europe as representing extreme laissez-faire capitalism, is not an accurate reflection of reality. They're all variants of state-regul
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by objectivistbrit 10y ago
Brett Victor mentioned Apple experimenting with many futuristic interfaces, but not developing them further after realising they didn't work from a UI pov. I suspect they may have similar feelings about AI. Many 'clever' syst
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by objectivistbrit 10y ago
smt88 is entirely correct. In fact, his arguments in this thread are excellent, and there's nothing I want to add. Rights are a political concept, and the right to free speech is entirely an issue of government censorship. A private co
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by objectivistbrit 10y ago
Thanks for the correction. I was researching the different political parties of Eurozone countries yesterday and it's difficult keeping track of whether a particular 'People's Party' is on the left or right. I overstated
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by objectivistbrit 10y ago
I should have been clearer: every country in the EU has a welfare state, and since the more fiscally responsible countries bankroll the less responsible, they're indirectly supporting welfare recipients in those countries. Plus direct

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