Their point is that, despite Korea's cultural homogeniety, the North and South suddenly strongly diverged in their levels of prosperity. If culture was a reliable predictor of prosperity, that couldn't have happened. Simple as that. The reason is, as you said, that the North went under communist ru...

To the extent that I'm bearish on the US economy, it's due to the flaws in their political system. In line with the book's theory, we can say American political institutions have been getting more extractive recently, likely to get even more so in the future. This is mostly due to corruption enabled...

Getting pretty tired of explaining the book to people who haven't read it tbh. That's not how I envisioned this book club thing. The arrogance of sitting here reading snippets and thinking you have it all figured out, then going on ESOC to triumphantly type up your complaints about these stupid nobe...

https://i.imgur.com/iurcvEw.png I'm looking at the chapter in which they dismiss the cultural argument and I have to say this was written in a very superficial journalistic popsci way. Probably because it wouldn't sell or create much of a stir, unless they turn it into the textual version of a Nati...

[image] I'm looking at the chapter in which they dismiss the cultural argument and I have to say this was written in a very superficial journalistic popsci way. Probably because it wouldn't sell or create much of a stir, unless they turn it into the textual version of a National Geographic document...

There are 29 instances of the string "patent" in the book. If you download it (link in the OP) you can ctrl-F them yourself and see about the context. Iirc patents are brought up as an example of an inclusive economic institution. The possibility to patent ideas gives people more incentive...

You should probably read the book if you want to talk about it and not sound like an idiot to people who have

Finished it last night, just going to post my thoughts here now while the memory is still fresh. 86/100 I do think the book could've been shorter, or more time could've been spent on the implications of the theory (which was literally an afterthought) rather than illustrating it by examples. There w...

At the end of the day we’re just doing exactly what trump supporters did under Biden. Point to a short term drop in the stock market and act like something terrible is happening. eh maybe this time is a little different https://twitter.com/jd_durkin/status/1910060968626766032 "We're doing grea...

Imagine how much money you'd be making if you were insider trading on margin

Pretty expensive for a shirt. I'll wait for the Chinese copy

@Garja How is your pro career going? Have you moved?

It's kind of useless to go into any theoretical detail here considering (most of) your opponents are donkeys. This is just as well, because I happen to not know much about the "flopped nut flush draw" scenario other than that there is usually not that much EV difference between getting the...

I hope the Mossad doesn't whack ol' Donny so we can continue with the program of liberating the world from America. Him getting popped rn would be so bad. Would validate everything he's doing in the eyes of many, "see, he was sticking it to the powers that be". It's one of the few things ...

That dog might be a maga nut, you don't know. The owners put that on there without its consent

Lmao. If "being poorer is not that bad" is how the republicans are going to sell this, we're gonna laugh straight to the bank in 26

fightinfrenchman wrote: ↑

03 Apr 2025, 18:18

Trump thinks having a trade deficit with a country means they are stealing from us. This is one of his most consistent beliefs

He's in the same echo chambers as his supporters after all

Isolationism is a pretty dumb way to weaken China lol. Long term it strengthens both their geopolitical position and their economic position. Why do you think that's his real objective? In Trump's view, China is the number one existential threat to the USA's global domination. That's why the US wan...

Stock and forex markets are responding strongly today. European stocks -3%, EUR/USD +2%. Especially the latter is pretty unheard of, forex markets tend to be quite stable. I'm not sure when the last time was that the USD lost this much value in one day, it might be the first time in this millennium....

Isolationism is a pretty dumb way to weaken China lol. Long term it strengthens both their geopolitical position and their economic position.

Why do you think that's his real objective?

https://www.reddit.com/r/Conservative/c ... riffs_are/

/r/conservative being mostly reasonable for a change.

America is liberated, and great again. Historic stuff

Thanks. I would be less okay with SCOTUS rendering the 22nd amendment useless, but we agree other than that.

I don't think it's likely Trump will try this, but I kind of hope he does, considering it would probably be a free win for his opponent.

What's this in response to? Just to repeat my position, which is compatible with your post, I think most likely is that they were fully aware of everything we are now discussing, and indeed that they rejected alternatives in favor of this. I mentioned some potential reasons why. So I would say they...

At least based on this source the wording was intentional and the initial proposed amendment actually did forbid former presidents from serving as president for more than 2 terms. Here's the relevant section: Broader language providing that no such person shall be chosen or serve as President . . ....