Glimmers of Hope

Do you follow the science? Do you have an aversion to the scolds who routinely declare code reds for humanity? Perhaps you’re being driven to despair. But we at Ricochet hope to see you flourish, we want to see you b(j)orn again! Our guest this week is the absorbingly optimistic Bjørn Lomborg, exactly the man to set us straight on the U.N. climate report and the cataclysmic media circus that’s followed. The fellas also get into infrastructure – whatever that means – and the attendant endemic of thoughtless dishonesty. Also, Rob got a smidgeon of hope from some youngsters recently and Peter needs some recommendations for a good binge-worthy TV series: help him out in the comments!

Music from this week’s show: O-o-h Child by The Five Stairsteps

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  1. kedavis Coolidge
    kedavis
    @kedavis

    filmklassik (View Comment):

    RufusRJones (View Comment):

    @ filmklassik I have a question. How much of that is driven by college and shelter being so over priced these days? The lack of being able to get a prestigious, and decent paying job like you could 40 years ago when you got out of college? Anything else related to that, like general opportunity and prestige.

    Personally I think most people are losing a lot of agency because we screwed up so badly from what the Founders set up. I would probably buy a lot of crazy crap too under those circumstances.

    If you don’t have a big opinion, that’s OK.

    Wokeness is a Western phenomenon. It has been on the march in America, Canada, the UK, Western Europe, Australia, etc. all at the same time. And this cannot be a coincidence. So I am extremely dubious about there being an economic or vocational basis for young people’s embrace of its ideas. Such a facile explanation does not accord with the facts on the ground, but I can see why traditional, “Chamber of Commerce” Republicans would be quick to offer it.

    I think the far more likely explanation is that Wokeness is a de facto religion (and an attractive one) — a secular faith that young people derive tremendous meaning from.

    Maybe only because they have too much time on their hands.

    • #91
  2. Taras Coolidge
    Taras
    @Taras

    EJHill (View Comment):

    Taras: Why British TV adopted a philosophy of quality over quantity I don’t know.

    It’s the wrong question. It’s why do we do so many? And the reason for that is that American television merely copied their business model from radio. That set a season at 26-weeks.

    That lasted until the 1970s when it fell to 22. When cable television got into the scripted business they were basically doing traditional half seasons of 13 and now it’s dropped to 10. What streaming is doing is killing the traditional September to May schedule altogether.

    The first TV season of Gunsmoke, which had been a radio program, had 39 episodes.

    Several years later, the first season of Star Trek was down to 29 episodes (but each twice as long).

    • #92
  3. kedavis Coolidge
    kedavis
    @kedavis

    Taras (View Comment):

    kedavis (View Comment):

    Mark Alexander (View Comment):

    Taras (View Comment):

    Henry Castaigne (View Comment):

    Peter Robinson (View Comment):

    Mark Alexander (View Comment):

    Binge-worthy TV, past and present:

    Elementary

    As Time Goes By

    Slings and Arrows

    Eli Stone

    Lethal Weapon (Seasons 1&2 only)

    800 Words

    After Life

    Yellowstone

    The Queen’s Gambit

    Friday Nights Lights

    The Great British Baking Show

    Longmire

    Miranda

    Corner Gas

    Bosch

    Justified

    I’ve seen half of these–but that leaves the whole other half. Thanks, Mark!

    The Other Place. (Only two seasons)

    New Tricks: After she shoots a dog during a drug raid (shooting a drug dealer would have been OK) a tough Scotland yard inspector is sent to Siberia; that is, a Cold Case unit staffed entirely by eccentric retired cops. This lasted 12 seasons.

    The Inspector Lynley Mysteries: The aristocratic Lynley is paired with a defiantly lower class policewoman, because higher-ups hope she will punch him in the nose so they can finally fire her.

    Yes on both!

    Presumably they both wound up solving lots of cases, to the surprise of everyone who thought they were being “punished.”

    P.S. “12 seasons” might sound impressive, but for UK TV that doesn’t mean a lot. Season 1 had 6 episodes. Seasons 2 through 6 had 8 episodes each. The remaining 6 seasons had 10 episodes each. Total 107 episodes. Typical American shows, especially those made for regular TV not HBO Max etc, would have that many episodes in 3 or 4 seasons, 5 at most. The original Perry Mason reached 107 episodes early in season 4.

    And, “Inspector Lynley” has a total of 24 episodes (23 if the premiere is counted as single), over 7 years, ending in 2007.

    But at least they didn’t go YEARS between “series” (as they’re called over there) as many UK shows do. “Seasons” of 4 or 6 episodes, maybe 3 or more years apart, is not something most Americans want to deal with, except maybe when they can “binge” them all at once. “New Tricks” ended in 2015 so that’s easy.

    Exactly: it began in 2003. The only thing that eventually killed New Tricks was the cast wandering off. Even so, not many UK police shows have lasted so long.

    When actors are only being paid to do 6, or 8, or 10 episodes per year, you can’t expect them to remain committed to a project.

     

    Why British TV adopted a philosophy of quality over quantity I don’t know. (In effect, each episode of a good show like Endeavour or Lynley is a made-for-TV movie.) Certainly, as American TV audiences have become more demanding, we see the number of episodes per season declining here, too.

    I think in the US at least it’s about cost, not quality.

    • #93
  4. filmklassik Inactive
    filmklassik
    @filmklassik

    Lois Lane (View Comment):

    Finally, I think its right to view the woke as members of a powerful cult. What did I do to fight that in my own family, which includes a kid under 30????? I raised a Christian kid who thought through his own faith and decided as an adult to become a Catholic… not the Biden version either. There was no need for him to want to fit into a woke world. In fact, he’d tell you it’s full of false idols and lost souls…. That’s a family/cultural issue. And a God thing. Fortunately, God is bigger than any false faith.

    Yeah, these conversations frequently devolve into one of the two participants (usually the more Pollyanna-ish one) getting their hackles up in self-righteous anger (or at least annoyance) and saying some variation of “Well, this is what I did!  What are you doing?!”

    In other words, somebody makes it personal, and, by doing so, loses sight of the true magnitude of the problem. So you’ll hear lots of variations of “My husband and I don’t put up with that nonsense. When Jimmy comes home from school with his head full of progressive lies, we set him straight!” and “My wife and I are home-schooling.” Etc.

    Replies like these will make the speaker feel better (naturally), but they fail to address the enormity of the challenge the West is facing.  (And Woke is not — repeat, not — confined to elite institutions anymore.  I wish it was.). We’ve got two generations of young people now who have received Wokeness from an IV drip — 24/7/365 — and they are either zealously on board with the Woke agenda (the committed minority) or willing to shrug their shoulders and let Wokeness wash across the culture like a tsunami (the vast majority).

    Because Wokeness is not about creating zealots.  While zealotry is an integral (but relatively small) part of the phenomenon, Wokeness is mainly about moving the Overton Window to the point where objectively toxic (not to mention racist) ideas that would have been dismissed out of hand 30 years ago … become acceptable to the majority.

    • #94
  5. filmklassik Inactive
    filmklassik
    @filmklassik

    Henry Castaigne (View Comment):

    filmklassik (View Comment):
    Wokeness is a Western phenomenon. It has been on the march in America, Canada, the UK, Western Europe, Australia, etc. all at the same time. And this cannot be a coincidence.

    Also Scandinavia. So the retreat of Protestantism makes people woke? Everyplace you mentioned is mostly Protestant.

    No.  Emphatically not.  That’s a rather parochial way of looking at it.  Ireland, for example, is a majority Catholic country and is as Woke as any country in Europe.

    Wokeness has displaced organized religion – – or rather, has filled the void left by organized religion – – but let’s not kid ourselves that only Protestant-majority countries are susceptible to it.  The problem is much larger than that.

    • #95
  6. Lois Lane Coolidge
    Lois Lane
    @LoisLane

    For the record, @filmklassik, I am neither a Pollyanna nor annoyed.  I am simply pragmatic and trying to have a dialogue with you.  

    I mentioned concrete things that are being done to combat this issue.  You seem certain that all kids below 30 are simply of one mind.  That is how I’m reading what you wrote.  They are not.  That is based on my experiences with literally hundreds of students under 30 over the last decade.  But if they are, then what specific thing do you wish to *do* apart from *saying* that’s not good?  

    That is not be getting personal.  I simply don’t see anything that you’ve posted that addresses the issue.  

    (Now imagine a woman much older than thirty shrugging.) 

     

    • #96
  7. Lois Lane Coolidge
    Lois Lane
    @LoisLane

    kedavis (View Comment):

    Lois Lane (View Comment):

    filmklassik (View Comment):

    kedavis (View Comment):

    Lois Lane (View Comment):

    I think Rob is right about boys being “less woke” than girls. At least I see this in discussions with students, though I don’t lead any of them to any ideology at all. (Since I don’t, they often have more open conversations.) I don’t know the reason for the sex connection, but his anecdote sounds spot on to me. I’m glad his goddaughter was done with masks, too, though mask mandates are quickly sweeping through schools again, including in red states. I totally just don’t get it. I would home school at this point whatever that did to my budget.

    Except of course for the boys playing along with whatever the girls claim to believe in order to get sex. And if they end up married etc, the pretense must continue. At that point, does it really matter if the boys actually believe the nonsense, if they vote like they do?

    But here’s the thing: At least half the boys do believe it, and fully 3/4 of the girls do — this according to someone who was right there on the front lines and knows whereof he speaks (sorry Lois; sorry Rob):

    https://bariweiss.substack.com/p/i-refuse-to-stand-by-while-my-students

     

    I guess you could assay I’m also “on the front lines” because I am also a teacher. I’m not in Manhattan, but I reject the idea that NYC is a good reflection of our entire country.

    Some kids are definitely very, very “woke” to the point of self righteous brainwashed level. I’ve had those kids in classes. The overwhelming ideology they are fed is Leftist, so that makes sense. But there are other students, too. And they definitely don’t fit into that category. Even in the elite law schools, which are the wiliest of the woke woke woooookkkkke.

    Who do you think joins the Federalist Society?

    Also, men and women have different voting patterns. Is a man who can’t hold his own ideas a man? Ummmm…. I think a woman has her own mind, too. Additionally. People might be woke to get laid. But they don’t marry people with different values unless they are stupid.

    There are LOTs of stupid people in the world. And they get married often.

    Touché. 

    • #97
  8. Quinnie Member
    Quinnie
    @Quinnie

    I totally disagree with Mr. Lomborg.   He believes investing in innovation will resolve global warming.   Global warming is a hoax that deserves no investment.    Each dollar going to global warming is a dollar not going to cancer research, infrastructure improvements, military upgrades, and space exploration.   We have enough black holes for our taxpayer dollars, let’s limit what we allocate to an overblown non-issue.  

    • #98
  9. Henry Castaigne Member
    Henry Castaigne
    @HenryCastaigne

    Quinnie (View Comment):
    Global warming is a hoax that deserves no investment. 

    I really haven’t heard many folks who look at the science stuff say that. They usually say stuff like Bjorn Lomborg. Global Warming is a real problem but it’s not a big deal.

    • #99
  10. Mark Alexander Inactive
    Mark Alexander
    @MarkAlexander

    Henry Castaigne (View Comment):

    Quinnie (View Comment):
    Global warming is a hoax that deserves no investment.

    I really haven’t heard many folks who look at the science stuff say that. They usually say stuff like Bjorn Lomborg. Global Warming is a real problem but it’s not a big deal.

    It’s happening, but not human caused, nor a problem, since global cooling would be the problem. Warm expands habitable lands and agricultural posbilities.

    • #100
  11. Richard Easton Coolidge
    Richard Easton
    @RichardEaston

    Henry Castaigne (View Comment):

    kedavis (View Comment):

    filmklassik (View Comment):

    kedavis (View Comment):

    filmklassik (View Comment):

    I’m eager to hear others’ reactions to Rob’s persistent belief that America’s young people — its young boys, especially — are rolling their eyes at most Woke shibboleths — particularly the ones having to do with Race.

    Where the culture is concerned — where Wokeness is concerned — it is astonishing to me that even as Rome is burning, Rob continues to maintain that someone left the oven door open.

    Which raises the question: What would Rob need to see in order to be persuaded that most (not all, mind you, but most) Americans under the age of 30 fall into two overlapping categories where Wokeness is concerned:

    1) Those who have fully embraced the new Woke religion, and —

    2) — those who have not fully embraced it, but — like most compliant majorities throughout world history — are not sufficiently alarmed by it to put up much of a fight?

    What would Rob need to see?

    Even those who don’t fully embrace it may not mind using it as a tool to force out older workers to make room for themselves.

    That’s another Rob Long argument: That a lot of “Wokeism” is more of an economic cudgel than a de facto (and growing) religious movement. He’s wrong, my friend. Big time. And that means, on this issue, that you are too.

    By “you” I hope you mean Rob, because I agree with you.

    Rob is an Episcopalian. Why would he know about religious faith?

    Whenever four Episcopalians are gathered, there’s always a fifth.

    • #101
  12. Miffed White Male Member
    Miffed White Male
    @MiffedWhiteMale

    Taras (View Comment):

    EJHill (View Comment):

    Taras: Why British TV adopted a philosophy of quality over quantity I don’t know.

    It’s the wrong question. It’s why do we do so many? And the reason for that is that American television merely copied their business model from radio. That set a season at 26-weeks.

    That lasted until the 1970s when it fell to 22. When cable television got into the scripted business they were basically doing traditional half seasons of 13 and now it’s dropped to 10. What streaming is doing is killing the traditional September to May schedule altogether.

    The first TV season of Gunsmoke, which had been a radio program, had 39 episodes.

    Several years later, the first season of Star Trek was down to 29 episodes (but each twice as long).

    First season of the Beverly Hillbillies (1962/1963) was 36 episodes.

    First season of the Fugitive (1963/1964) was 30 hour-long episodes.

    • #102
  13. kedavis Coolidge
    kedavis
    @kedavis

    EJHill (View Comment):

    Taras: Why British TV adopted a philosophy of quality over quantity I don’t know.

    It’s the wrong question. It’s why do we do so many? And the reason for that is that American television merely copied their business model from radio. That set a season at 26-weeks.

    That lasted until the 1970s when it fell to 22. When cable television got into the scripted business they were basically doing traditional half seasons of 13 and now it’s dropped to 10. What streaming is doing is killing the traditional September to May schedule altogether.

    Also, US TV networks are trying to get viewer loyalty for their ads and the products therein.  You don’t get that from showing maybe 10 episodes with sometimes even a gap of 2 or more years between “series.”

    • #103
  14. Richard Easton Coolidge
    Richard Easton
    @RichardEaston

    kedavis (View Comment):

    EJHill (View Comment):

    Taras: Why British TV adopted a philosophy of quality over quantity I don’t know.

    It’s the wrong question. It’s why do we do so many? And the reason for that is that American television merely copied their business model from radio. That set a season at 26-weeks.

    That lasted until the 1970s when it fell to 22. When cable television got into the scripted business they were basically doing traditional half seasons of 13 and now it’s dropped to 10. What streaming is doing is killing the traditional September to May schedule altogether.

    Also, US TV networks are trying to get viewer loyalty for their ads and the products therein. You don’t get that from showing maybe 10 episodes with sometimes even a gap of 2 or more years between “series.”

    For a while, it was 39 episodes and then there were the summer reruns. I remember when the beginning of the fall season was a big deal. 

    • #104
  15. DonG (2+2=5. Say it!) Coolidge
    DonG (2+2=5. Say it!)
    @DonG

    RufusRJones (View Comment):
    You can leave the environmental stuff out of it, fossil fuel is a good target for a consumption tax because it’s a finite resource. Obviously there are other finite resources, but there is nothing that an economy wants more because of the output it creates. 

    That is silly.  Everything is a finite in a finite time.  Unless, you can think of some resource that is infinitely available.   Of course if you had an infinite supply of something, were would you put it?

    • #105
  16. Miffed White Male Member
    Miffed White Male
    @MiffedWhiteMale

    DonG (2+2=5. Say it!) (View Comment):
    Unless, you can think of some resource that is infinitely available. 

    Stupidity.

     

    • #106
  17. DonG (2+2=5. Say it!) Coolidge
    DonG (2+2=5. Say it!)
    @DonG

    Henry Castaigne (View Comment):

    Quinnie (View Comment):
    Global warming is a hoax that deserves no investment.

    I really haven’t heard many folks who look at the science stuff say that. They usually say stuff like Bjorn Lomborg. Global Warming is a real problem but it’s not a big deal.

    Then you haven’t looked at the claim.  Global Warming is a hoax.  It is a set of claims:
    1) the earth is warming
    2) CO2 increase is causing the warming
    3) human are causing the increase
    4) the warming is catastrophic
    5) there is certainty in all all the claims above

     

    Point 4 is economic and is foolish.  Lomborg admits such saying the economic cost of GW is 3% of GDP, but any proposed “fix” would cost more.
    Point 2 is based on abusing old data and assuming there are no other causes.  That is not science, it is activism.
    Point 5 if meaningless, since the previous points are disproved.

    The continued claim of something disproved is a hoax.

    • #107
  18. Henry Castaigne Member
    Henry Castaigne
    @HenryCastaigne

    Richard Easton (View Comment):

    Henry Castaigne (View Comment):

    kedavis (View Comment):

    filmklassik (View Comment):

    kedavis (View Comment):

    filmklassik (View Comment):

    I’m eager to hear others’ reactions to Rob’s persistent belief that America’s young people — its young boys, especially — are rolling their eyes at most Woke shibboleths — particularly the ones having to do with Race.

    Where the culture is concerned — where Wokeness is concerned — it is astonishing to me that even as Rome is burning, Rob continues to maintain that someone left the oven door open.

    Which raises the question: What would Rob need to see in order to be persuaded that most (not all, mind you, but most) Americans under the age of 30 fall into two overlapping categories where Wokeness is concerned:

    1) Those who have fully embraced the new Woke religion, and —

    2) — those who have not fully embraced it, but — like most compliant majorities throughout world history — are not sufficiently alarmed by it to put up much of a fight?

    What would Rob need to see?

    Even those who don’t fully embrace it may not mind using it as a tool to force out older workers to make room for themselves.

    That’s another Rob Long argument: That a lot of “Wokeism” is more of an economic cudgel than a de facto (and growing) religious movement. He’s wrong, my friend. Big time. And that means, on this issue, that you are too.

    By “you” I hope you mean Rob, because I agree with you.

    Rob is an Episcopalian. Why would he know about religious faith?

    Whenever four Episcopalians are gathered, there’s always a fifth.

    Same with four Irish Catholics. But the Irish Catholics actually believe in the Trinity. 

    • #108
  19. DonG (2+2=5. Say it!) Coolidge
    DonG (2+2=5. Say it!)
    @DonG

    Taras (View Comment):

    “Bjorn [Lomborg] flip-flops continually between ‘GW is a problem that must be stopped’ and ‘GW has no downsides’.”  It would be more accurate to say that he never “flip-flops” between these positions.

    His position has always been, global warming is a problem, but the sky is not falling.  He argues that, while the conventional solutions would do more harm than good (especially to the poor), there are rational things we can do to limit the damage.  For example, he advocates carbon taxes as the least harmful ways to reduce the production of CO2.

    But what exactly is the problem?   It was a long interview with many refutations of alleged problems, yet not one actual problem stated.  He is a flip-flopper.  He is trying to juggle two incompatible ideas at the same time.  It is clear to see, if you look without the perspective of the corporate media.  

    • #109
  20. Taras Coolidge
    Taras
    @Taras

    DonG (2+2=5. Say it!) (View Comment):

    Taras (View Comment):

    “Bjorn [Lomborg] flip-flops continually between ‘GW is a problem that must be stopped’ and ‘GW has no downsides’.” It would be more accurate to say that he never “flip-flops” between these positions.

    His position has always been, global warming is a problem, but the sky is not falling. He argues that, while the conventional solutions would do more harm than good (especially to the poor), there are rational things we can do to limit the damage. For example, he advocates carbon taxes as the least harmful ways to reduce the production of CO2.

    But what exactly is the problem? It was a long interview with many refutations of alleged problems, yet not one actual problem stated. He is a flip-flopper. He is trying to juggle two incompatible ideas at the same time. It is clear to see, if you look without the perspective of the corporate media.

    My view of Bjorn Lomborg is based on actually reading his work.

    • #110
  21. RufusRJones Member
    RufusRJones
    @RufusRJones

    DonG (2+2=5. Say it!) (View Comment):

    RufusRJones (View Comment):
    You can leave the environmental stuff out of it, fossil fuel is a good target for a consumption tax because it’s a finite resource. Obviously there are other finite resources, but there is nothing that an economy wants more because of the output it creates.

    That is silly. Everything is a finite in a finite time. Unless, you can think of some resource that is infinitely available. Of course if you had an infinite supply of something, were would you put it?

    Labor and innovation are infinite. 

    I’m just talking about the most logical target for a consumption tax. Theoretically of course you could target some of that money for future alternatives, but we are too stupid and corrupt to pull that off. If oil goes to $250 a barrel, we are going to wish we did something like that.

    We would never give up the income tax anyway so this is all theoretical. 

    • #111
  22. RufusRJones Member
    RufusRJones
    @RufusRJones

    Miffed White Male (View Comment):

    DonG (2+2=5. Say it!) (View Comment):
    Unless, you can think of some resource that is infinitely available.

    Stupidity.

    Keynesianism and leftism waste all kinds of resources. If those guys wanted to save the environment you would jack up interest rates and shrink the government down to Strait public goods.

    One example is maybe, smart contracts and this new defi thing. Block chain. If that stuff actually works it’s going to save tons of resources. This is going to get in the way of all kinds of rent seeking, so we won’t do it until something bad happens and they are forced to do it.

    • #112
  23. kedavis Coolidge
    kedavis
    @kedavis

    RufusRJones (View Comment):

    DonG (2+2=5. Say it!) (View Comment):

    RufusRJones (View Comment):
    You can leave the environmental stuff out of it, fossil fuel is a good target for a consumption tax because it’s a finite resource. Obviously there are other finite resources, but there is nothing that an economy wants more because of the output it creates.

    That is silly. Everything is a finite in a finite time. Unless, you can think of some resource that is infinitely available. Of course if you had an infinite supply of something, were would you put it?

    Labor and innovation are infinite.

    I’m just talking about the most logical target for a consumption tax. Theoretically of course you could target some of that money for future alternatives, but we are too stupid and corrupt to pull that off. If oil goes to $250 a barrel, we are going to wish we did something like that.

    We would never give up the income tax anyway so this is all theoretical.

    If oil goes to $250/barrel, I hope a lot of people clean up their voting habits, especially those who voted for Biden.

    • #113
  24. RufusRJones Member
    RufusRJones
    @RufusRJones

    Three facts.

    The only reason fracking was cash flowing (which is not the same as profitable) was because the Fed was suppressing interest rates. Now it’s taken over by the big corporations and they aren’t going to use it unless prices stay up. I watched one video where the guy said that it was simply a flow of printed money to whoever owned the land. This is how stupid our system is. 

    I have heard multiple experts say that we are under invested in capital projects for oil and it’s going to be a problem. This isn’t like fracking where it can be set up really fast. These things take a lot of time.

    We aren’t doing a damn thing about the grid and infrastructure if we really want to drive electric cars.

     

    • #114
  25. kedavis Coolidge
    kedavis
    @kedavis

    RufusRJones (View Comment):
    We aren’t doing a damn thing about the grid and infrastructure if we really want to drive electric cars.

    Or about making batteries that don’t rely on China.

    • #115
  26. RufusRJones Member
    RufusRJones
    @RufusRJones

    kedavis (View Comment):

    RufusRJones (View Comment):
    We aren’t doing a damn thing about the grid and infrastructure if we really want to drive electric cars.

    Or about making batteries that don’t rely on China.

    Trading with the communist mafia was one of the biggest mistakes this country has ever made. We can import deflation from better places. 

    It would be terrible for the global economy, but it would be really great if that China imploded somehow.

    • #116
  27. kedavis Coolidge
    kedavis
    @kedavis

    RufusRJones (View Comment):

    kedavis (View Comment):

    RufusRJones (View Comment):
    We aren’t doing a damn thing about the grid and infrastructure if we really want to drive electric cars.

    Or about making batteries that don’t rely on China.

    Trading with the communist mafia was one of the biggest mistakes this country has ever made. We can import deflation from better places.

    It would be terrible for the global economy, but it would be really great if that China imploded somehow.

    Maybe that happens when we can’t pay interest on the debt they hold.  On the plus side, that also means we stop paying for their military buildup etc.

    • #117
  28. RufusRJones Member
    RufusRJones
    @RufusRJones

    kedavis (View Comment):

    RufusRJones (View Comment):

    kedavis (View Comment):

    RufusRJones (View Comment):
    We aren’t doing a damn thing about the grid and infrastructure if we really want to drive electric cars.

    Or about making batteries that don’t rely on China.

    Trading with the communist mafia was one of the biggest mistakes this country has ever made. We can import deflation from better places.

    It would be terrible for the global economy, but it would be really great if that China imploded somehow.

    Maybe that happens when we can’t pay interest on the debt they hold. On the plus side, that also means we stop paying for their military buildup etc.

    We are producing the rope that they are going to hang us with so many ways it’s unbelievable. They aren’t even real communists, they are mafia trying to rip off their own people and the whole world. 

    • #118
  29. RufusRJones Member
    RufusRJones
    @RufusRJones

    RufusRJones (View Comment):

    DonG (2+2=5. Say it!) (View Comment):

    RufusRJones (View Comment):
    You can leave the environmental stuff out of it, fossil fuel is a good target for a consumption tax because it’s a finite resource. Obviously there are other finite resources, but there is nothing that an economy wants more because of the output it creates.

    That is silly. Everything is a finite in a finite time. Unless, you can think of some resource that is infinitely available. Of course if you had an infinite supply of something, were would you put it?

    Labor and innovation are infinite. 

    Also, if you run your society right, capital is effectively unlimited. 

    When capital is mentioned in the present-day political debate, the term is usually subject to a rather one-dimensional interpretation: Whether capital saved by citizens, the question of capital reserves held by pension funds, the start-up capital of young entrepreneurs or capital gains taxes on investments are discussed – in all these cases capital is equivalent to “money.” Yet capital is distinct from money, it is a largely irreversible, definite structure, composed of heterogeneous elements which can be (loosely) described as goods, knowledge, context, human beings, talents and experience. Money is “only” the simplifying aid that enables us to record the incredibly complex heterogeneous capital structure in a uniform manner. It serves as a basis for assessing the value of these diverse forms of capital.

    Modern economics textbooks usually refer to capital with the letter “C”. This conceptual approach blurs the important fact that capital is not merely a single magnitude, an economic variable representing a magically self-replicating homogenous blob but a heterogeneous structure. Among the various economic schools of thought it is first and foremost the Austrian School of Economics, which stresses the heterogeneity of capital. Furthermore, Austrians have correctly recognized, that capital does not automatically grow or perpetuate itself. Capital must be actively created and maintained, through production, saving, and sensible investment.

    The article goes on to explain how inflationism destroys capital, but you can see that all kinds of bad social and government policy destroys capital as defined in this article.

    https://mises.org/wire/were-living-age-capital-consumption

    • #119
  30. Miffed White Male Member
    Miffed White Male
    @MiffedWhiteMale

    kedavis (View Comment):

    RufusRJones (View Comment):

    DonG (2+2=5. Say it!) (View Comment):

    RufusRJones (View Comment):
    You can leave the environmental stuff out of it, fossil fuel is a good target for a consumption tax because it’s a finite resource. Obviously there are other finite resources, but there is nothing that an economy wants more because of the output it creates.

    That is silly. Everything is a finite in a finite time. Unless, you can think of some resource that is infinitely available. Of course if you had an infinite supply of something, were would you put it?

    Labor and innovation are infinite.

    I’m just talking about the most logical target for a consumption tax. Theoretically of course you could target some of that money for future alternatives, but we are too stupid and corrupt to pull that off. If oil goes to $250 a barrel, we are going to wish we did something like that.

    We would never give up the income tax anyway so this is all theoretical.

    If oil goes to $250/barrel, I hope a lot of people clean up their voting habits, especially those who voted for Biden.

    If oil goes to $250, there won’t be any voting, because the country will collapse.

    • #120
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