It's just curious that some sectors in the economy have people leaving businesses and starting directly competiting companies all the time, while others never do.
Some bottlenecks must exist that prevent more competition in the manufacture of semiconductors and chips. Surely, such a high demand sector would have many more competitors.
I imagine it has a lot to do with intellectual property laws
I did computer science as well. Felt the same way about Physics a whole ago. Astrophysics my favourite though. Wouldn't mind going back and learning the basics tbf
Programming is cool.
But I've always loved writing. So I chose that as my career.
I love Physics too. But I'm deep down an economics and politics rabbithole that's been too damn fun.
If education itself in the end and there's enough savings to dispose of, then it'd be cool
If the goal rather is to learn things that would help one survive in the world, I doubt it's advisable
People blame old people, the weather, greedy corporations, immigrants, people in other countries
Everything except the Government, which will apparently fix the problems it caused
Granted, provided you're not doing it for the sake of doing it and know what you want to get out of it.
The best economic and educational decision I made was to not study economics at a university and download the books of some of these people for free at mises(.)org instead 😂
Nice!
😂
That's still a pretty good guess though!
Also the name is up there with one of my favorite names in nostr in nostr:npub1yzvxlwp7wawed5vgefwfmugvumtp8c8t0etk3g8sky4n0ndvyxesnxrf8q. Never change the name nostr:npub1xtwy7fvu8f7wdtgnpm68wyrf6uxshf49tn5kp7kyusu6872amn8qh06rus. More people need to hear nostr:npub147whqsr5vsj86x0ays70r0hgreklre3ey97uvcmxhum65skst56s30selt tell the story of the name of Yakihonne.
Is this accurate? 😂
Hazlitt doesn't talk about Capitalism vs Socialism in his book 'Economics in One Lesson', but rather takes apart particular economic interventions by the government in a 'wertfreiheit' (value-free) manner, and analyzes their causes and consequences.
Lot of ammo in there for Bitcoiners to use when advocating against fiat money, since the demand for most interventions are downstream of the distortionary effects of fiat policies.
Entrenched concentration of wealth caused by the cantillon effect results in people finding progressive income tax and other taxes on the wealthy more palatable as a policy.
Small and Medium businesses face some of the biggest challenges from the fiat system as the big corpos, as a function of being closer to the money spigot, outcompete them despite losing money in the process. Despite being profitable and efficient, they see those who simply have access to cheaper credit lines wreck their operations. Thus, they demand support in the form of cheap credit, price fixing and production subsidies.
Without money that appreciates in value, or the prices of goods and services never going down, there will be ever lower standards of living for savers and workers. Add to this the fact that small and medium businesses simply can't fill the gap in demand for employment, since they are competing with the fiat cronies. Electoral demand for minimum wage laws, employment programs, socialization of industries to generate employment, affirmative action for the economically backward, establishment or expansion of welfare programs, direct cash transfers will all follow.
As savings decline and productivity takes a hit, governments start becoming uncomfortable with the increase in imports from more productive economies. This impacts the margins of existing domestic producers. Hence, they start demanding restrictions in trade, which means trade restrictioms, trade bans and import tariffs. Export subsidies would also be introduced.
It's a slow creep of government into the economy, with the support of the populace, and they would barely realize or recognize what's actually going on. People in the market would actually welcome these interventions because they think it is in their best interests. The government would think that they are indeed acting in the best interests of the people they claim to serve.
The result is a tool of wealth extraction by the power elite from market entrepreneurs and capital formers, with the latter willingly enabling this without realising what they are consenting to.
It is a form of slavery in which the slave doesn't know that he is being enslaved. Even if he does, he thinks it is a good thing. He thinks the alternative of being free would be a bad thing.
That's one of the most insidious consequences of fiat money.
Natural Law explained by an AI-generated voice of Murray Rothbard.
https://video.nostr.build/46324c4e264e4ce45864b01f1ec45615135c134db3b87d26004c96aeb5a189f8.mp4
Source: Ancap Doggo on Instagram
Link to original:
'Ten Things Millennials Should Know About Socialism' by Thomas DiLorenzo
If a set of retarded ideas has wiped out the wealth, culture and lives of every single society that has adopted it, we ought to be aware of atleast ten things about it.
Quentin Tarantino: Music
From The Films
https://youtube.com/playlist?list=PL618GZhz39ntE-fgVJncR69IsjMcMKPSl
