DoomPosting
IQ vs GDP vs Communism One of the most important charts you’ll ever see. National IQ alone is usually extremely predictive of nations’ wealth, EXCEPT, Communism so badly destroys nations that it produces a huge downward shift in national wealth, even…
“If socialism causes poverty then why are some socialist-legacy countries in less poverty than some non-socialist-legacy countries?”
Answer,
= Just add IQ & natural resources factors
With just those 2 factors added, suddenly everything perfectly separates into nearly perfectly-separated clusters
(Cleanly separating in a low-dimensional projection = explaining, see AI as to why)
= i.e. socialist-legacy countries ARE much poorer than non-socialist-legacy countries, all else being equal
But all else is not equal, namely IQ and natural resources,
But once you control for those, everything NEARLY-PERFECTLY separates out
= Extremely clear evidence that had those countries not gone down the socialist path, they’d be much richer
Put another way, what is real, when it comes to effect on money — IQ, natural resources, or communist tendencies?
Answer: All 3 are very real, as the charts clearly show
Now ofc we’re talking about basic counterfactual reasoning here, e.g. “but I didn’t have breakfast this morning”, and apparently most people cannot do even basic counterfactual reasoning — so if that’s you then too bad
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Answer,
= Just add IQ & natural resources factors
With just those 2 factors added, suddenly everything perfectly separates into nearly perfectly-separated clusters
(Cleanly separating in a low-dimensional projection = explaining, see AI as to why)
= i.e. socialist-legacy countries ARE much poorer than non-socialist-legacy countries, all else being equal
But all else is not equal, namely IQ and natural resources,
But once you control for those, everything NEARLY-PERFECTLY separates out
= Extremely clear evidence that had those countries not gone down the socialist path, they’d be much richer
Put another way, what is real, when it comes to effect on money — IQ, natural resources, or communist tendencies?
Answer: All 3 are very real, as the charts clearly show
Now ofc we’re talking about basic counterfactual reasoning here, e.g. “but I didn’t have breakfast this morning”, and apparently most people cannot do even basic counterfactual reasoning — so if that’s you then too bad
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
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#BREAKING: Now Police scanners are saying A ‘Middle Eastern’ man wearing a bulletproof vest just opened fire on officers in the East Side of Midtown NYC.
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DoomPosting
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“So we're not a real capitalism country then, according to this post eh?”
Well.. yes,
To suggest otherwise is to fundamentally misunderstand what so-called “capitalism” is
Capitalism = financial/economic technology = a so-called AI-complete problem
More specifically, a name describing a collection of properties for measuring the goodness of a technology, where these properties are such that they can never be “achieved” except achieving a relative improvement over existing technologies, there is no upper bound
I.e.
= Exact same idea as that “AI-complete” problems can never be “solved”
(When properly-defined, AI-complete involves types of problems where the problem could always be made harder and the tech to solve them could always be made better, with infinite bounds)
E.g.
+ a prover that can create proofs for any math statement in finite time
+ an oracle for which you can ask any question and you get the right answer
+ a synthesizer for which you can input arbitrary circuit requirements and it gives you a satisfying circuit
etc
Financial tech is in the exact same spirit
Not only is there no upper-bound, but today’s financial/economic tech often fails horribly at key properties that it should easily achieve, e.g. in efficiency, trustworthiness, bypassing common economic problems that in theory are clearly bypassable, etc
To say you’ve “achieved capitalism” or “achieved meritocracy” or “are capitalism”, in an absolute rather than relative sense,
— Like saying “everything that can be invented has been invented”
Basically saying you’ve “achieved” all inventions
Absolute absurdity
MANY more economic and financial mechanisms still yet to be invented, money and Bitcoin are still only just the beginning
— let alone ensuring that countries actually use the endless stream of increasingly superior mechanisms, instead of corrupting and subverting them
Those countries who forget that there’s still much more financial tech yet to be invented — are setting themselves up to get wrecked
No, you do not EVER “achieve capitalism”, in the absolute, other than relatively versus others
Financial/economic tech is a never-ending technological race — that we’re only just barely getting started at
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
Well.. yes,
To suggest otherwise is to fundamentally misunderstand what so-called “capitalism” is
Capitalism = financial/economic technology = a so-called AI-complete problem
More specifically, a name describing a collection of properties for measuring the goodness of a technology, where these properties are such that they can never be “achieved” except achieving a relative improvement over existing technologies, there is no upper bound
I.e.
= Exact same idea as that “AI-complete” problems can never be “solved”
(When properly-defined, AI-complete involves types of problems where the problem could always be made harder and the tech to solve them could always be made better, with infinite bounds)
E.g.
+ a prover that can create proofs for any math statement in finite time
+ an oracle for which you can ask any question and you get the right answer
+ a synthesizer for which you can input arbitrary circuit requirements and it gives you a satisfying circuit
etc
Financial tech is in the exact same spirit
Not only is there no upper-bound, but today’s financial/economic tech often fails horribly at key properties that it should easily achieve, e.g. in efficiency, trustworthiness, bypassing common economic problems that in theory are clearly bypassable, etc
To say you’ve “achieved capitalism” or “achieved meritocracy” or “are capitalism”, in an absolute rather than relative sense,
— Like saying “everything that can be invented has been invented”
Basically saying you’ve “achieved” all inventions
Absolute absurdity
MANY more economic and financial mechanisms still yet to be invented, money and Bitcoin are still only just the beginning
— let alone ensuring that countries actually use the endless stream of increasingly superior mechanisms, instead of corrupting and subverting them
Those countries who forget that there’s still much more financial tech yet to be invented — are setting themselves up to get wrecked
No, you do not EVER “achieve capitalism”, in the absolute, other than relatively versus others
Financial/economic tech is a never-ending technological race — that we’re only just barely getting started at
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CHAOS ON PARK AVENUE
NYPD officer has been shot in an active shooter incident on Park Avenue near E 52nd Street. At least one confirmed victim is an NYPD officer.
Reports indicate the suspect was armed with an AR-15-style rifle. Around 100 people sheltered in place as police flooded the area. The suspect was reportedly located on the 32nd floor of 345 Park Ave and is now in custody.
.
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NYPD officer has been shot in an active shooter incident on Park Avenue near E 52nd Street. At least one confirmed victim is an NYPD officer.
Reports indicate the suspect was armed with an AR-15-style rifle. Around 100 people sheltered in place as police flooded the area. The suspect was reportedly located on the 32nd floor of 345 Park Ave and is now in custody.
.
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