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Old 05-26-2019, 05:00 PM
 
Location: Silicon Valley
3,604 posts, read 1,622,110 times
Reputation: 6112

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Quote:
Originally Posted by Thatsright19 View Post
I can confirm from Sid Meyers civilization that a hotter earth is indeed a wetter earth and a colder earth is in fact more dry.

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Old 05-26-2019, 06:28 PM
 
7,895 posts, read 5,024,944 times
Reputation: 13528
Quote:
Originally Posted by redguard57 View Post
If we want to think in large-scale terms capitalism certainly won't survive. It's very likely that by 2100 the economy will be quite different, and by 2200 more different still. Heck, it was only 150 years ago that we still had slavery, and only 80 years before that, that we had a working definition of capitalism.

If or when China becomes the world economic leader, the economy will have a major paradigm shift, probably so significant that humans will term the world economy something different. Chinese values are more collective and less individualistic than the American version of Western values.
Modern capitalism really only dates back to the advent of the publicly-owned corporation. In loose form, forebears of such corporations were around in England or Holland in the 17th century, but these were rarities. Broad ownership of public corporations really only dates back to the mid or even late 19th century. It's only around 150 years old. For similar reasons, it's hard to use historical precedent to predict the stock market's future performance. There just isn't enough history, or enough instances of this or that trend, to distinguish between signal and noise. It also stands to reason, that "modern capitalism" may indeed be radically transformed in only a few generations, as it was already so transformed not even 10 generations ago.

But capitalism in the broadest sense, is as old as the Neolithic Revolution. As soon as people started to specialize in their vocation, to stake-out land as being personally theirs, to regard property as something that can be bought and sold and exchanged for labor, capitalism was born. To obviate capitalism in such broad sense, is inconsistent and inapposite with human nature. This is where strident, radical calls for reform go astray. They won't work because they call for a basic rethinking of what it mean to own stuff, to buy and to sell, to bequeath and to inherit. Most people won't accede to such radical transformations, even in in very dire cases, such as war.

My enduring belief, is that the transformation that we're going to see in the next 100 years, will be the sort that reverses and undoes the main trend of the 20th century, which is a majority middle class. I don't believe that a majority-middle-class society is stable, and wouldn't be surprised if the next iteration of "capitalism" will revert to its pre-industrial form. The 21st century may well end, much like the 19th century began.
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Old 05-26-2019, 06:48 PM
 
Location: Aurora Denveralis
8,579 posts, read 3,001,676 times
Reputation: 12774
Quote:
Originally Posted by Thatsright19 View Post
I can confirm from Sid Meyers civilization that a hotter earth is indeed a wetter earth and a colder earth is in fact more dry.
Ah, good, some hard facts in the discussion, from a... computer game.
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Old 05-26-2019, 07:04 PM
 
2,730 posts, read 1,747,774 times
Reputation: 5962
Quote:
Originally Posted by Quietude View Post
Ah, good, some hard facts in the discussion, from a... computer game.
I guess you arenít aware of the concept of a joke?
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Old 05-26-2019, 07:11 PM
 
Location: Aurora Denveralis
8,579 posts, read 3,001,676 times
Reputation: 12774
Quote:
Originally Posted by Thatsright19 View Post
I guess you arenít aware of the concept of a joke?
It was explained to me once, but the strange humorlessness of the Econ forum crowd makes them quite foreign here.
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Old 05-26-2019, 09:36 PM
 
Location: Silicon Valley
3,604 posts, read 1,622,110 times
Reputation: 6112
Quote:
Originally Posted by Thatsright19 View Post
I guess you arenít aware of the concept of a joke?

I for one, thought it was hilarious.
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Old 05-26-2019, 09:49 PM
 
Location: Holly Neighborhood, AUSTINtx
3,582 posts, read 5,306,897 times
Reputation: 2205
Quote:
Originally Posted by MinivanDriver View Post
I don't understand the hold this nitwit has on the public imagination.

Many are thinking she is the new guard replacing the Pelosi old guard. Even locally I have noticed "progressive" candidates echo her like one Austin city council member who referred to "immoral market forces" without any explanation as to what that might be. We now have Red Guard anti-gentrification protests, hammer and sickle graffiti, and even the defacing of a Beto O'Rourke mural because of some of his more centrists positions. All this is very populist and from a younger demographic who probably wouldn't find any reason to not support a system that provides "economic security for all who are unable or unwilling to work" but is too naive to understand that could only ever exist in a utopia.
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Old 05-26-2019, 10:04 PM
 
Location: Riding a rock floating through space
1,857 posts, read 545,995 times
Reputation: 4706
Quote:
Originally Posted by BigCityDreamer View Post
The United States has:

400% more millionaires than China

520% more millionaires than Japan

700% more millionaires than Germany

1,300% more millionaires than Canada

And 100 times more millionaires than Norway.

Actual numbers count in the land of milk and honey.
If anything these numbers underline the flaws of capitalism. No other developed country has a greater wealth inequality, and no other developed country has no universal health care.
Capitalism is a huge fail, it just doesn't know it yet. The debt crisis is coming.
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Old 05-26-2019, 11:38 PM
 
Location: Tucson/Nogales
17,370 posts, read 21,218,356 times
Reputation: 24195
Quote:
Originally Posted by BigCityDreamer View Post
Capitalism is the most successful economic system in the history of humankind. It will not go away anytime soon. The United States will remain a capitalist country for a long time to come.

That said, there will likely be an increase in certain kinds of taxes and social programs over time.
The socialist-leaning Millennials now outnumber the Baby Boom generation but it's too early to fasten our seatbelts!
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Old 05-27-2019, 01:16 AM
 
Location: Oregon, formerly Texas
5,448 posts, read 3,754,329 times
Reputation: 9257
Quote:
Originally Posted by Mircea View Post
Just because they can, it does not logically follow they should, and given the fact that they're clueless, they shouldn't.



There are no effects.

It's an irrefutable scientific fact that when Earth warms, it gets wetter, not drier.

At no time in Earth's history has it ever been warm and dry. It's been cold and dry, but never once has it been warm and dry. There's a reason why that's true.

Claims that increased temperatures will turn Earth into a big giant desert are just scare-tactics by pompous asses seeking power and control.

What happens when sea levels rise?

The surface area of the oceans increases.

What happens when the surface area of the oceans increases?

The amount of water evaporated increases.

Note that the evaporation rate does not change, but the amount of water evaporated does. That's why Earth is always warmer and wetter, and never warmer and drier.

Sea level rise is so slow as to be unnoticeable, and the Free Market will effectively deal with any issues.

As the amount of flood damage increases, regardless of the reason, insurance companies will either stop insuring specific properties, or census tracts, or entire zip codes as the case may be, or they'll increase the rates so that property owners, including homeowners, businesses and governments cannot afford them.

At that point, financial institutions stop lending money, which not only halts all new development on coastal areas, it also halts re-development of existing properties.

At that point, people, businesses and even governments start trickling inland to other locales away from affected areas.

There's no mass migration of Millions of people, it's just a trickle effect.



Why wouldn't it?

Nothing fundamental has changed, nor will it change.

Individuals know best, and they know far better than government. The individual always has known better than government and always will know better than government.

Individuals respond faster to the changing market and the needs of the consumers than governments ever could. That has always been true and always will be true.

Technology won't alter that reality, either.

And, if history is any indicator, then China will become more democratic, not less.
Have you ever been to China?

They don't value what we do. Individual rights are not nearly as important to them. They show no signs of getting more democratic; their leader just changed his term limitations.
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