https://www.conradbastable.com/fiction daily 0.75 2021-11-21 https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1515815594464-M7RH7FBVS6LU8I5H8VZ6/image-asset.jpeg Fiction https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1515815888861-KJSI9313Y222RK9M7BHT/1656f92294407a9+%281%29.jpg Fiction https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1515816021025-HJNH30WVMXB05SIEIYNZ/sci-fi.jpg Fiction https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1515817454474-P6IXB8M7R4Q6ZC9LCQ3J/2018-01-12+20.22.40.jpg Fiction https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1637541150732-FLR5U1DC499ZJ2N9JII0/GettyImages-1257169887.jpg Fiction https://www.conradbastable.com/essays daily 0.75 2025-03-29 https://www.conradbastable.com/essays/forsaking-industrialism-the-most-expensive-thing-you-didnt-buy monthly 0.5 2025-04-03 https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/78794aae-60f7-4f5e-9e71-5bb17fbdfefd/ktm_hq.jpeg Essays - Forsaking Industrialism: The Most Expensive Thing You Didn’t Buy - Make it stand out Pictured: a nice day in the life of a KTM factory worker https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/6b37da74-5333-48be-a661-86bcacb17ea5/craigslist.jpeg Essays - Forsaking Industrialism: The Most Expensive Thing You Didn’t Buy - Make it stand out Each business here built on the unbundling of Craigslist is valuable in so far as it offers a software-based way to capture value from users (“leasification”) at massive scale. source https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/5cc055ff-bccc-454d-8606-f6f6f32ce378/50_cent.jpeg Essays - Forsaking Industrialism: The Most Expensive Thing You Didn’t Buy - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/8b0124d4-1208-415a-a08c-0afbfbcec417/tesla.jpeg Essays - Forsaking Industrialism: The Most Expensive Thing You Didn’t Buy - Make it stand out source & explanation (look at the relative magnitude of who’s putting money into each of these funding rounds) https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/45daa002-35a0-49e4-98db-e9a277da6a57/birmingham.png Essays - Forsaking Industrialism: The Most Expensive Thing You Didn’t Buy - Make it stand out “Exceptional levels of inventinveness”, you say? Schoolboy histories of the industrial revolution are informed more by anti-industrial composers, journalists, and storytellers much more than by the actual historical record. source https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/5169c35d-9070-41cc-bfd4-f9d37df04220/lg_hq.png Essays - Forsaking Industrialism: The Most Expensive Thing You Didn’t Buy - Make it stand out You too could work at LG’s Nanjing HQ! https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/a49ca47c-e4fe-422c-906c-ad41f3e980e4/byd.png Essays - Forsaking Industrialism: The Most Expensive Thing You Didn’t Buy - Make it stand out “Making things is good,” reified source https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/58265379-1e75-4c18-bdfa-929650b7d186/bmw_china_deal.png Essays - Forsaking Industrialism: The Most Expensive Thing You Didn’t Buy - Make it stand out In this deal: you give me money & IP, I give you open access to build whatever you want wherever you want to test your products in a lower-safety-standards environment before you have to bring them to market back home in Europe https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/8c04822d-9c72-40dd-977f-c824d0dd176c/irishman.png Essays - Forsaking Industrialism: The Most Expensive Thing You Didn’t Buy - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/5933de4d-7fda-4858-8c30-5c69a61632ab/smartphones.png Essays - Forsaking Industrialism: The Most Expensive Thing You Didn’t Buy - Make it stand out nice https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/d2b3aa4e-f607-4067-879f-95a54cd32f32/this_england.png Essays - Forsaking Industrialism: The Most Expensive Thing You Didn’t Buy - Make it stand out a longer thread on all these same problems, played out a century ago https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/b2ae9c23-a61b-4f38-9630-c71530885648/chongqing_charming.png Essays - Forsaking Industrialism: The Most Expensive Thing You Didn’t Buy - Make it stand out [no source because i am not actually shilling this company] https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/0f01eb29-a905-42e1-9123-f9fca302906b/bifurcation.PNG Essays - Forsaking Industrialism: The Most Expensive Thing You Didn’t Buy - Make it stand out “The kids are not alright” is a meme as old as Ancient Egypt. But these attitudes around wealth represent a marked split from prior generations. The “kids” today believe they need to make $600k/year to be successful. Also, they do not believe the current system offers them a broadly accessible path to making $600k/year. How do you think those two things are going to square? You’d be a degenerate crypto rug-pulling gambler social media hustler too if this was your future. source https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/6a442641-30c2-4195-8fd2-6ded79bccbe4/solar.jpeg Essays - Forsaking Industrialism: The Most Expensive Thing You Didn’t Buy - Make it stand out duh https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/60fff023-b119-4157-82ed-686418bdd624/trafalgar.jpeg Essays - Forsaking Industrialism: The Most Expensive Thing You Didn’t Buy - Make it stand out Pictured: Trafalgar, 1805 — somewhat of an embodiment of these values https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/cb7511cc-c981-46d9-96af-9dfe637206b2/washpost.png Essays - Forsaking Industrialism: The Most Expensive Thing You Didn’t Buy - Make it stand out Read the mainstream sources instead if you think I’m too cynical https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1743278724042-OKIQPFLGROHKCV2OR5S3/ham_1.png Essays - Forsaking Industrialism: The Most Expensive Thing You Didn’t Buy https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1743278723838-BX64WDQU5CJ7F5JGFP19/ham_2.png Essays - Forsaking Industrialism: The Most Expensive Thing You Didn’t Buy https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/b6e3ee0c-6e16-4b0b-9883-0669586893a7/homicide.jpeg Essays - Forsaking Industrialism: The Most Expensive Thing You Didn’t Buy - Make it stand out “Hey ChatGPT, remind me which years Birmingham experienced its exceptional inventiveness & industrial growth? 1760-1850, you said? Fascinating, fascinating. Anyway, I notice a spike in homicide rates around 1960 or so…” source https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/193ba812-d2b2-4676-9d3b-864c59ce238b/woosh.png Essays - Forsaking Industrialism: The Most Expensive Thing You Didn’t Buy - Make it stand out Despite the sparks, none of these trees caught fire. (source: The Germany Shock) https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/56d9d7c7-f849-4f38-8602-0db8860aa45c/dust.png Essays - Forsaking Industrialism: The Most Expensive Thing You Didn’t Buy - Make it stand out The American-made Dust Hightail! Reserve yours today! source https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/c1358c95-d3d1-4f92-8094-83c156eb2c77/thanks_ccp.png Essays - Forsaking Industrialism: The Most Expensive Thing You Didn’t Buy - Make it stand out source https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/38df173e-d506-44d5-9a14-491d6ac17b50/proper_gander.jpeg Essays - Forsaking Industrialism: The Most Expensive Thing You Didn’t Buy - Make it stand out Cool af tho https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/2122ce21-7d2c-4bfb-aba2-fd5bf06f99bf/atlas.jpeg Essays - Forsaking Industrialism: The Most Expensive Thing You Didn’t Buy - Make it stand out Final words of a hardware startup CEO before going bankrupt: “Yeah man, I’m the hardcore industrialist from American myth. Me vs. the world. Let’s gooo!” [sidenote: if this is actually you, excuse my cynicism and know that it’s directed more at the logic of capital than your own efforts — feel free to email me to talk work if you like, I’d be happy to connect you with anyone in my network who might be useful] https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/9cdeb282-f977-4dcd-b417-126c75ed8b20/godfather.gif Essays - Forsaking Industrialism: The Most Expensive Thing You Didn’t Buy - Make it stand out European regulators explaining to each other their plan to make BMW build electric cars https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/28ee59b2-a16f-45d6-afd2-0233d4d6c9cd/container.jpg Essays - Forsaking Industrialism: The Most Expensive Thing You Didn’t Buy - Make it stand out Pictured: economic majesty https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/25d226a2-fe2e-4078-969c-092e3bae3228/eu_us_blend.png Essays - Forsaking Industrialism: The Most Expensive Thing You Didn’t Buy - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/cbe02d12-fd16-45af-a55b-1f20dc736c86/battery_tech_3.png Essays - Forsaking Industrialism: The Most Expensive Thing You Didn’t Buy - Make it stand out Dramatically more attractive products (EVs) as a result of underlying technological improvements, themselves a result of multi-decade investments centralizing Capital, Labor, R&D etc. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/051969f8-dff3-426a-aa8e-9d5a908cf6ec/signull_tweet.png Essays - Forsaking Industrialism: The Most Expensive Thing You Didn’t Buy - Make it stand out When you truly understand the multi-firm multi-decade multi-city scale of the economic opportunity that was lost, you will struggle to avoid radicalization when it comes to viewing European leaders as competent (source) https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/930e0af0-e3dd-48fb-a4a7-8bee4fc0fc3d/rux.png Essays - Forsaking Industrialism: The Most Expensive Thing You Didn’t Buy - Make it stand out notes from London https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/ccbabdae-cec2-4c8f-a3b9-7d1207264d09/ktm_bankrupt.png Essays - Forsaking Industrialism: The Most Expensive Thing You Didn’t Buy - Make it stand out “On November 29, 2024, KTM filed for bankruptcy.” Thanks, KTM, for finally inspiring me to write this essay. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/452497bf-2a84-4c52-8140-b8381d1b6fde/yeoman_supremacy.png Essays - Forsaking Industrialism: The Most Expensive Thing You Didn’t Buy - Make it stand out source https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/105ddd10-95ba-449c-b389-92c90fe47a87/scientism.png Essays - Forsaking Industrialism: The Most Expensive Thing You Didn’t Buy - Make it stand out source https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1e45a210-d6eb-4564-b438-e8a40a0b6887/battery_tech_1.png Essays - Forsaking Industrialism: The Most Expensive Thing You Didn’t Buy - Make it stand out Pictured: a dark blue line showing battery energy density that is flat for 20 years and then has a dramatic positive spike in the last 3 years (source) https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/c6583e82-1d3f-4d4e-8570-a0221a95a80b/platform_industry.png Essays - Forsaking Industrialism: The Most Expensive Thing You Didn’t Buy - Make it stand out A “Platform” is so much more than a nifty website (source: American Zaibatsu: Macroeconomics for Tech Employees) https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/ffb61be0-aae8-4fbf-870a-7c16c4fd956c/surron.jpeg Essays - Forsaking Industrialism: The Most Expensive Thing You Didn’t Buy - Make it stand out Pictured: a “Sur Ron” fully electric dirt bike that looks like a glorified mountain bike https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/7cb5382a-cad6-4fe4-8086-9b42a1bd24f4/kickstarter_2016.png Essays - Forsaking Industrialism: The Most Expensive Thing You Didn’t Buy - Make it stand out This is of course much bigger than bikes. The downstream impact of “every hardware innovation you want to make has to be built in China, where it will then be copied and resold before you get your own test products” on Western innovation and hardware startups is left as an exercise for the reader to consider (source — 10 years old). Also posed is a rhetorical question: do you think BMW & Tesla were unfamiliar with this story when they built Chinese factories? https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/ecfb103c-df88-4733-b816-6a31c9533aba/silicon_valley.png Essays - Forsaking Industrialism: The Most Expensive Thing You Didn’t Buy - Make it stand out source: “How the Department of Defense Bankrolled Silicon Valley” https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/3a2b401a-038d-4901-90b9-0c0bade20251/surron_win.png Essays - Forsaking Industrialism: The Most Expensive Thing You Didn’t Buy - Make it stand out Cheap & easy beats everything else https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/17be009d-a6dd-4013-83f2-c3d842386e86/iphones.jpeg Essays - Forsaking Industrialism: The Most Expensive Thing You Didn’t Buy - Make it stand out Each of these people is doing final assembly on an iPhone — do the mental math on hourly wages vs. the value of the tiny thing in their hands https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/6f0e75a4-dcd2-4d6f-aa42-0390ecce85db/regs.png Essays - Forsaking Industrialism: The Most Expensive Thing You Didn’t Buy - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/5d4b163d-f4dc-42d2-a9d0-ddd4e829c7b9/bike.jpeg Essays - Forsaking Industrialism: The Most Expensive Thing You Didn’t Buy - Make it stand out Pictured: a bike powered by internal explosions https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/90c8b720-5d47-46f5-a757-fd6389cad315/winning.jpeg Essays - Forsaking Industrialism: The Most Expensive Thing You Didn’t Buy - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/70c0fcb7-5530-4398-872a-ceea35083e3a/ninebot.png Essays - Forsaking Industrialism: The Most Expensive Thing You Didn’t Buy - Make it stand out Pictured: a device that can, sort of, theoretically, carry an adult human male for ~25 miles at speeds above 15mph. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/31f406f5-ce09-4c66-bc6d-93e5c65e6390/founder.jpeg Essays - Forsaking Industrialism: The Most Expensive Thing You Didn’t Buy - Make it stand out Pictured: texts from a founder friend. An exaggeration, of course. But do note that your hardware pitches will be a LOT better received if you have a software layer attached to them. Software we understand. Software you can turn into a service and sell repeatedly. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/adb499a1-5a3f-4566-9baf-474f9a926caf/rc_cars.jpeg Essays - Forsaking Industrialism: The Most Expensive Thing You Didn’t Buy - Make it stand out You may have grown up with one of these! https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/2f3739af-6ae3-4cab-9e91-1aa41d648494/deng.PNG Essays - Forsaking Industrialism: The Most Expensive Thing You Didn’t Buy - Make it stand out You find the funniest stories online when you search with the benefit of hindsight (source) https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1743278106169-E4WCWDBAV9JP0FNBSQ20/eride.jpeg Essays - Forsaking Industrialism: The Most Expensive Thing You Didn’t Buy https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1743278106164-295YVO4W3JSO94FVG3XO/talaria.jpeg Essays - Forsaking Industrialism: The Most Expensive Thing You Didn’t Buy https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/27027b08-be94-497f-bd95-6c4b92de9bef/stark_varg.png Essays - Forsaking Industrialism: The Most Expensive Thing You Didn’t Buy - Make it stand out Stark Varg MX - “The fastest electric motocross bike in the world!” https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/d1d17c64-09c3-4ffd-a199-b3529e2e0eed/battery_tech_2.jpeg Essays - Forsaking Industrialism: The Most Expensive Thing You Didn’t Buy - Make it stand out Similar data, with the most recent advancements courtesy of Xiqian Yu and Hong Li of the Institute of Physics, Chinese Academy of Sciences in Beijing (source) https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1743279433315-2KROCGWC0BKO69OLUXYB/savings_1.png Essays - Forsaking Industrialism: The Most Expensive Thing You Didn’t Buy https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1743279433425-WTEY3NR7JIYQLA08B4LN/savings_2.jpeg Essays - Forsaking Industrialism: The Most Expensive Thing You Didn’t Buy https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/45e0bd1b-840c-4aae-8f9d-7d6f6f3f7b26/xiaomi.png Essays - Forsaking Industrialism: The Most Expensive Thing You Didn’t Buy - Make it stand out By analogy to smartphone manufacturing automation and plotting the course of industrial development over multiple decades: “But 1995 is when LG started investing billions into its Nanjing facility. And it had to ride the consumer laptop boom to be able to deliver the micro-mobility boom of the mid-2010s. And now, having delivered that, true next generation mass market affordable EVs are coming.” source https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/abddfd96-6172-41ec-b459-f0aba2e61354/laissez_faire.png Essays - Forsaking Industrialism: The Most Expensive Thing You Didn’t Buy - Make it stand out The mercantilist Europeans yoinked “laissez-faire” from the Chinese after beating them up in trade relations — 300 years later, our economists now preach laissez-faire to Chinese mercantilists. Ironies. History is a circle. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/83d42904-82d6-4de7-9e78-ac85296422d7/stonks.jpeg Essays - Forsaking Industrialism: The Most Expensive Thing You Didn’t Buy - Make it stand out Nobody can make a number go up like us! source https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/d98e1d39-808c-4ebf-b2e3-0c3b94c18120/sequoia.png Essays - Forsaking Industrialism: The Most Expensive Thing You Didn’t Buy - Make it stand out You want a nice office building? You better not be choosing investments with return profiles far below your cost of capital! https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/cf2081dd-3851-401c-9692-2a807df7f4b9/dji.png Essays - Forsaking Industrialism: The Most Expensive Thing You Didn’t Buy - Make it stand out naturally https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/665491fb-292d-4cb4-a2c8-4bd2b38fb1f3/elections.jpeg Essays - Forsaking Industrialism: The Most Expensive Thing You Didn’t Buy - Make it stand out source: “What the Year of Democracy Taught Us”, Financial Times https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/4a080570-e297-4199-86ec-fd52bcfc60f9/eu_bans.png Essays - Forsaking Industrialism: The Most Expensive Thing You Didn’t Buy - Make it stand out “Nothing can stop BMW from building electric now!” https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/fc4eb9f7-a8f1-4b61-80ae-5329f336f0a5/losers.PNG Essays - Forsaking Industrialism: The Most Expensive Thing You Didn’t Buy - Make it stand out “Competition is for losers” applies to Labor too! https://www.conradbastable.com/essays/monetization-amp-monopolies-how-the-internet-you-loved-died monthly 0.5 2024-07-25 https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/e4cd218e-028a-4444-a6fe-9d67d3260147/0_robber_baron.png Essays - Monetization &amp; Monopolies: How The Internet You Loved Died - Make it stand out Pictured: the guy I’m about to try and defend in this essay. A friend informs me after reading: “this is your weirdest stance, and I mean it.” https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1e4249c1-406c-4848-adf4-567b7ef712fa/google_search_now.png Essays - Monetization &amp; Monopolies: How The Internet You Loved Died - Make it stand out source https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/ba967f23-ec16-41fc-8536-fad9bbce5abd/iPod_ad.jpeg Essays - Monetization &amp; Monopolies: How The Internet You Loved Died - Make it stand out Article title: “12 Years And Counting: The Amazing Life Of Apple's iPod” — published 2013 https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/ca9e69eb-b385-4c28-b102-b106941e2fac/gpt3.png Essays - Monetization &amp; Monopolies: How The Internet You Loved Died - Make it stand out source https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/4d21e0e1-9f3b-4a9f-bfed-0306f1cb3f02/worse.png Essays - Monetization &amp; Monopolies: How The Internet You Loved Died - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1721512354424-AMKDQ0HLPY3GRWKJDQB9/tech_benefits.png Essays - Monetization &amp; Monopolies: How The Internet You Loved Died https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1721512355007-Y0G0O2JJHYPTNHPJ9XN2/tech_benefits_2.png Essays - Monetization &amp; Monopolies: How The Internet You Loved Died https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1721512875567-V3XNEQJTBAXMZ1QZPF26/bell_1.png Essays - Monetization &amp; Monopolies: How The Internet You Loved Died https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1721512875597-5KJVLY0NLOG9UBUGZMFX/bell_2.png Essays - Monetization &amp; Monopolies: How The Internet You Loved Died https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1721512876486-SPBKM78X0T9N4F7I4KT0/bell_3.png Essays - Monetization &amp; Monopolies: How The Internet You Loved Died https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1721512876524-SLT4R57GALBUSP58A71W/bell_4.png Essays - Monetization &amp; Monopolies: How The Internet You Loved Died https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1721512877491-IJO9SBYSBXZXUUKUUN4F/bell_5.png Essays - Monetization &amp; Monopolies: How The Internet You Loved Died https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/05d31b02-7bc9-4743-89d6-fbcbb4c77b69/scam4.png Essays - Monetization &amp; Monopolies: How The Internet You Loved Died - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/e2dc04c9-7f44-441b-8cb7-dbfaa45c6b08/digital_downloads.png Essays - Monetization &amp; Monopolies: How The Internet You Loved Died - Make it stand out The resurgence of vinyl music has been widely commented on, but less well known is that 2023’s millennial hipsterism just drove CD record sales ahead of MP3 sales for the first time ~20 years ($434m vs. $537m) https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/bc0366a0-4856-47f0-82d0-9d74aecdd75e/google_ad_network.png Essays - Monetization &amp; Monopolies: How The Internet You Loved Died - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/f9ef5c98-e295-4650-9082-d947bdc2f83f/wired.png Essays - Monetization &amp; Monopolies: How The Internet You Loved Died - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/93de4f35-53f5-42c2-8076-9655ad0271dd/cingular.jpeg Essays - Monetization &amp; Monopolies: How The Internet You Loved Died - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/e578498c-5ff4-4851-ab64-46ed7cdbc047/bad_names.png Essays - Monetization &amp; Monopolies: How The Internet You Loved Died - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/8ccd481d-e9b5-4c8c-9cc0-2c247cb68153/apple_loses_market.png Essays - Monetization &amp; Monopolies: How The Internet You Loved Died - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/ffa03ce2-6aca-46de-95c5-7811c6734f06/mitsubishi.png Essays - Monetization &amp; Monopolies: How The Internet You Loved Died - Make it stand out covered at greater length & with more data here — if you want to make stuff, if you want PROGRESS, the idea that you get it by subjecting producers to more competition is an academic fiction — a luxury belief, a pretty lie, and a tool of post-war reconstruction for our enemies https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/dae8e700-fe4a-4004-afc1-eda720bcfdb9/monopolists.PNG Essays - Monetization &amp; Monopolies: How The Internet You Loved Died - Make it stand out The briefest historical overview of the modern Technology cycle. Apologies to the names left off the list. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/2d46e434-63d2-48d8-b792-186d69bcd33f/slack_ssc.png Essays - Monetization &amp; Monopolies: How The Internet You Loved Died - Make it stand out Slightly edited excerpt for brevity describing this same concept by analogy, from a much better writer source https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/2e965944-1d34-428d-ba58-0cfcfb743483/altman.png Essays - Monetization &amp; Monopolies: How The Internet You Loved Died - Make it stand out from Sam Altman source https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/fc5dd62d-042c-4612-9944-837151304f81/gecko.gif Essays - Monetization &amp; Monopolies: How The Internet You Loved Died - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/136c7b8a-a5ed-4945-810c-2f43c96f732b/black_mirror.jpeg Essays - Monetization &amp; Monopolies: How The Internet You Loved Died - Make it stand out Your every minute online must be increasingly monetized this year compared to last year in order to generate growth & returns on capital commensurate with risk adjusted interest rates, precisely because the platforms you use face more competition this year compared to last year https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/0c1d2367-b4ad-42c9-acff-f092d51e6e23/spotify_inflection.png Essays - Monetization &amp; Monopolies: How The Internet You Loved Died - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/5b139305-10b0-43f1-87cf-59a3f0acc21e/music_sales.png Essays - Monetization &amp; Monopolies: How The Internet You Loved Died - Make it stand out Hint: it rounds to zero source source https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1721512202052-NUO3ACZINNTEJE6FTUPD/apple_gallery_1.png Essays - Monetization &amp; Monopolies: How The Internet You Loved Died https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1721512202305-71YUUPKJQDN9HLV4U2V6/apple_gallery_2.png Essays - Monetization &amp; Monopolies: How The Internet You Loved Died https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1721512202691-YHU3JDL3DC4IMMTP8583/apple_gallery_3.png Essays - Monetization &amp; Monopolies: How The Internet You Loved Died https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/b6151e98-1c1f-4feb-aa4f-b40520e2a397/LoL_playercount.png Essays - Monetization &amp; Monopolies: How The Internet You Loved Died - Make it stand out Amusingly Riot Games first debuted expensive “Prestige Skins” with a hybrid “pay $200 or play 120 hours” model back in 2018 — pop-quiz: when did their growth trend first stall?? [do note some years are lacking data] https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/e4a69021-f65e-42e0-b95e-c07500553d3b/attention.png Essays - Monetization &amp; Monopolies: How The Internet You Loved Died - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/45b06b08-62d8-449c-90e3-be3cec55e06c/xerox.png Essays - Monetization &amp; Monopolies: How The Internet You Loved Died - Make it stand out Pictured: let me know if any of this is starting to rhyme with some of what’s already discussed in this essay https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/b84fd73f-a221-4a51-bca2-116c386e2309/theil_value.png Essays - Monetization &amp; Monopolies: How The Internet You Loved Died - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/c115a757-0fa7-42aa-a3ee-6196b3d7f997/sofi_tucker.png Essays - Monetization &amp; Monopolies: How The Internet You Loved Died - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/d5b4c221-62da-4377-bcb7-4ad4f1742cfa/1080p.png Essays - Monetization &amp; Monopolies: How The Internet You Loved Died - Make it stand out Next time you’re watching a video on YouTube, have a quick check: is it playing in 1080p? You haven’t seen noticeable progress here in 15 years. source https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/35c341e0-7661-4a3c-ad2d-365cf8f1028b/iTunes_reviews.png Essays - Monetization &amp; Monopolies: How The Internet You Loved Died - Make it stand out Lest you think I’m some isolated weirdo with overly sensitive taste, I present the official reviews of this app as of June ’24. The top review currently, at 1 star, reads: “Hot Steaming Garbage. So bad. I am crying. My wife left me over this. My kids said they wanted a new dad, one that did not use this program. I am in therapy. I have night-tremors because of this app.” While a tad hyperbolic, I invite you to try using iTunes on Windows too if you doubt the sincerity of this man’s feelings. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/bee71211-edc6-49f2-a441-f0b675fa5214/can_you_be_evil.png Essays - Monetization &amp; Monopolies: How The Internet You Loved Died - Make it stand out “Don’t be evil” is a meaningless catchphrase for an organization that never has the potential to be evil. “Don’t be evil” is a reminder of what could be and a juxtaposition against what came before. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1721513705908-Y0C8S1OJ1T8SSV8H45BD/scam_1.png Essays - Monetization &amp; Monopolies: How The Internet You Loved Died https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1721513705951-U3BZ9DWDWLRND1TM09C4/scam_2.png Essays - Monetization &amp; Monopolies: How The Internet You Loved Died https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1721513706639-LA8R5064D0QFCJ7U725K/scam_3.png Essays - Monetization &amp; Monopolies: How The Internet You Loved Died https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/a0c0c526-a34e-4ce4-87ee-c7833740dd36/doomscrolling.gif Essays - Monetization &amp; Monopolies: How The Internet You Loved Died - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/3c441b79-7039-4041-a86f-0973dbe3f868/500_skin.png Essays - Monetization &amp; Monopolies: How The Internet You Loved Died - Make it stand out What’s the market clearing price for a zero-marginal-cost digital asset whose development work cost on the order of tens of thousands of dollars? I don’t know, but Riot Games is on a mission to find out via digital waifu art. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/92af3970-6a35-49fd-9d9e-e73192ae31e8/google_fights_back.png Essays - Monetization &amp; Monopolies: How The Internet You Loved Died - Make it stand out source https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/7c545ab9-3cf4-477a-a1b4-f173831c8228/ben.png Essays - Monetization &amp; Monopolies: How The Internet You Loved Died - Make it stand out (also follow Ben for more good commentary) source https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/e5ea3dc9-363a-4259-ab0b-9f68debb1d29/AAPL.png Essays - Monetization &amp; Monopolies: How The Internet You Loved Died - Make it stand out You ever 75x your stock price in a decade? https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/dd21ad58-c5e4-45ba-bbfc-1f869c578ad0/google_search_results.jpeg Essays - Monetization &amp; Monopolies: How The Internet You Loved Died - Make it stand out Look at that subtle off-white coloring. The tasteful placement of ads. Oh my god. It even has a clear “Sponsored Links” header above the content. source https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1721513138412-8BG82KIUVNHQK40TE8VM/journo_1.jpeg Essays - Monetization &amp; Monopolies: How The Internet You Loved Died https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1721513138413-5CB8LNAF0SOIOQ04W9CA/journo_2.jpeg Essays - Monetization &amp; Monopolies: How The Internet You Loved Died https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1721513139180-FH7OIR98AVRSUFRD7A0Z/journo_3.jpeg Essays - Monetization &amp; Monopolies: How The Internet You Loved Died https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/23295bd0-d297-41a1-a1ee-dc1ee326c06c/google_market_share_1.png Essays - Monetization &amp; Monopolies: How The Internet You Loved Died - Make it stand out Google of course disputes its market share stats, read Thiel’s 2012 lecture notes for obvious reasons why https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/5fb17f65-5c5c-42a2-ad33-42b596374471/europoors.jpeg Essays - Monetization &amp; Monopolies: How The Internet You Loved Died - Make it stand out Europe’s most valuable companies vs. America’s. Fun fact: among Europe’s top 5, only ASML was founded in the last 100 years. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/2666d333-0351-44b0-adc1-d65ec3f6e44f/dead_internet.jpeg Essays - Monetization &amp; Monopolies: How The Internet You Loved Died - Make it stand out because it’s over now https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/426bfb70-fcc2-43e6-99ce-cdbd5eefc85b/gamer.png Essays - Monetization &amp; Monopolies: How The Internet You Loved Died - Make it stand out source — follow me on twitter for more takes justifying 10,000+ hours spent playing videogames! https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1721511960320-J0IM3BV013EBZNKQZB7A/msft_slack_gallery_1.png Essays - Monetization &amp; Monopolies: How The Internet You Loved Died https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1721511960265-NW4A6DJ49GR60X76ZHVD/msft_slack_gallery_2.png Essays - Monetization &amp; Monopolies: How The Internet You Loved Died https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1721511961169-PMQVYGDDX27KL0E56DBO/msft_slack_gallery_3.png Essays - Monetization &amp; Monopolies: How The Internet You Loved Died https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/f84d6ea2-b6ed-4951-aa72-60ea2c5fd190/hipsterism.png Essays - Monetization &amp; Monopolies: How The Internet You Loved Died - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/e1bec615-f62c-4eee-8db1-d312d915a8d2/apple_decline.png Essays - Monetization &amp; Monopolies: How The Internet You Loved Died - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/63cfc363-906b-41d6-b546-90f3612dd5d1/monopolies_granted.png Essays - Monetization &amp; Monopolies: How The Internet You Loved Died - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1721827244400-P08EYH0LE9SZZYU6QABB/search_ad_results.png Essays - Monetization &amp; Monopolies: How The Internet You Loved Died https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1721827244191-5I6Q3TVKYXAY9ZKKZKOP/search_ad_fail.PNG Essays - Monetization &amp; Monopolies: How The Internet You Loved Died https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1b6fe399-a006-4258-abcb-d56737b7cb8a/google_vs_yahoo.png Essays - Monetization &amp; Monopolies: How The Internet You Loved Died - Make it stand out “Plotted historically, this all starts to look terminal” — source https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/31f3599a-5dcb-4df1-a803-9a467d82db9b/labor_capital.png Essays - Monetization &amp; Monopolies: How The Internet You Loved Died - Make it stand out This conflict is extremely costly to growth, both at the corporate level and the national level https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1721513835951-IWQ9AJVP8JKUJ8UC3XMU/msft_beats_slack.jpeg Essays - Monetization &amp; Monopolies: How The Internet You Loved Died https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1721513835973-RMJRZMAMC2Q49DRH56ON/msft_beats_slack_2.jpeg Essays - Monetization &amp; Monopolies: How The Internet You Loved Died https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/52d40077-d321-4ac6-a047-8694e4138f47/leasification.png Essays - Monetization &amp; Monopolies: How The Internet You Loved Died - Make it stand out A note on the eventual Servicification of all software https://www.conradbastable.com/essays/escalation-theory-compliance-violence-and-overachievement-in-society monthly 0.5 2024-01-11 https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/a5cb9c74-646c-47d5-a96c-0971ce0f5e20/naruto.jpeg Essays - Escalation Theory: Compliance, Violence, and Overachievement In Society - Make it stand out now I’m not saying you should lock a powerful spirit within your child’s belly, of course — merely give them as big a leg up as you can [editor’s note: the above is also a children’s cartoon character who receives various natural & unnatural gifts from his parents — and despite inspiring much resentment from others due to these gifts, he ultimately achieves his goals and life satisfaction] https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/b5f6c9a5-9d9f-4f15-96ae-9d43851e3d6a/guilt.png Essays - Escalation Theory: Compliance, Violence, and Overachievement In Society - Make it stand out source https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/3f500859-c847-470e-ad19-c7b03f12e0a3/Marshmallows.png Essays - Escalation Theory: Compliance, Violence, and Overachievement In Society - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/2565469d-01b0-4f87-a121-d859d23ff39a/talibanned.png Essays - Escalation Theory: Compliance, Violence, and Overachievement In Society - Make it stand out (this is funny & deeply ironic & proof that modes of economic production have profound impacts on culture, but don’t forget the Taliban are still bad guys here) https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1e02d141-f98c-4f81-a6f4-5456812cfb33/patterns_of_violence_1.png Essays - Escalation Theory: Compliance, Violence, and Overachievement In Society - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/786cfa4c-8030-4d99-92c7-9556034b6d2d/1950s.png Essays - Escalation Theory: Compliance, Violence, and Overachievement In Society - Make it stand out source: 1955 PhD thesis on the various types of crimes that earned the death penalty across different states in the US — burglary was tied with lynching. Which is not to endorse that position, merely to highlight that the taking of property was viewed as a capital crime in 15% of american states during your grandparents’ era. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/c394efd0-423c-4c9f-b63d-8a418b62e116/venice_battle.jpeg Essays - Escalation Theory: Compliance, Violence, and Overachievement In Society - Make it stand out This is not what most people think of when they hear “Venice” today. And yet it was the necessary precondition to what came next. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/d9dc19a4-9dc3-4edb-8c29-8ce95ecfbaa0/actuals_3.png Essays - Escalation Theory: Compliance, Violence, and Overachievement In Society - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/19f5c707-d034-455d-a01f-c1df58a76cdd/the_internship.jpeg Essays - Escalation Theory: Compliance, Violence, and Overachievement In Society - Make it stand out Yes, this movie did also come out in 2013, what a coincidence. No, it’s not good. Watch the trailer if you’d like to relive the message: “your company is closed…you’re dinosaurs…this is the last chance you’ve got…5% of you will be offered a fulltime position, the other 95% will not…” https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/c669c1d0-e595-4d6f-bf34-40f8259ef23e/actuals_0.PNG Essays - Escalation Theory: Compliance, Violence, and Overachievement In Society - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/9e783247-6380-49a0-aa42-356f53a6b207/rock_lee.jpeg Essays - Escalation Theory: Compliance, Violence, and Overachievement In Society - Make it stand out Pictured: a high Desire To Pass Tests [editor’s note: pictured is a children’s cartoon character who has no special abilities but works 1,000x harder than everyone else — i will not spoil the ending of his character arc for you] https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/ce9198f2-dfc7-4e63-b669-742a35663810/sf_weekly_2.png Essays - Escalation Theory: Compliance, Violence, and Overachievement In Society - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/792f5175-ab46-4532-9f22-0b9ed781c38a/wayne.png Essays - Escalation Theory: Compliance, Violence, and Overachievement In Society - Make it stand out “I was talking to myself” https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/ee4affc9-696e-4c08-9cdb-1c94e17f7373/hypotheticals_1.png Essays - Escalation Theory: Compliance, Violence, and Overachievement In Society - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/715a53fe-2898-4c40-8b29-69dcf0b0b970/expectations_vs_reality.png Essays - Escalation Theory: Compliance, Violence, and Overachievement In Society - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/706d67ae-f747-461f-b553-3f11408e4bb7/google_lens.png Essays - Escalation Theory: Compliance, Violence, and Overachievement In Society - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/28dee202-defc-425b-80ef-b505696512fd/venice_wiki.png Essays - Escalation Theory: Compliance, Violence, and Overachievement In Society - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/2fdbde59-f9f7-4422-be65-443419cd731f/actuals_1.png Essays - Escalation Theory: Compliance, Violence, and Overachievement In Society - Make it stand out Pictured: Shame in action https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/eadc7f81-8e2b-443c-b530-df07522a1fb4/alchemy.jpeg Essays - Escalation Theory: Compliance, Violence, and Overachievement In Society - Make it stand out As in Venice, so in San Francisco https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/a92e7e3a-94c9-4b00-a1b2-44aba0d8d7d4/actuals_2.png Essays - Escalation Theory: Compliance, Violence, and Overachievement In Society - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1f31faac-2f74-4655-8a48-15b36b09688c/dwight.gif Essays - Escalation Theory: Compliance, Violence, and Overachievement In Society - Make it stand out Pictured: a high Desire To Pass Tests https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/35d6765d-e43c-43f0-bee9-da9e9da5651a/gavin_1.PNG Essays - Escalation Theory: Compliance, Violence, and Overachievement In Society - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/556f83ae-1e57-4522-9c5e-2a6d9b00be99/sf_vs_cities_i_care_about.png Essays - Escalation Theory: Compliance, Violence, and Overachievement In Society - Make it stand out Sorted by property crime rates, top to bottom https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/d0df9cfb-17f5-4c9d-856e-a14858691461/apec.png Essays - Escalation Theory: Compliance, Violence, and Overachievement In Society - Make it stand out “Creating Economic Opportunity” as a slogan behind 4 heavily armed police officers is a bit too on the nose, eh? https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/ea5d23aa-95f7-4c6c-9c14-a978afc1be0f/sf_weekly_1.png Essays - Escalation Theory: Compliance, Violence, and Overachievement In Society - Make it stand out Note the year-to-year increase percentages source https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1704646154743-6ZU9VGHB9R61MUV3K87A/my_bike.jpeg Essays - Escalation Theory: Compliance, Violence, and Overachievement In Society https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1704646154762-XNHEOFBN20BMCOF7MIX7/my_car.png Essays - Escalation Theory: Compliance, Violence, and Overachievement In Society https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/28cd3581-4023-43cc-9b7d-462f9b8a50ca/arson_data.PNG Essays - Escalation Theory: Compliance, Violence, and Overachievement In Society - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/9ec0c751-8cdd-4cfb-b61b-e13248cb9c76/eve_snuggly.png Essays - Escalation Theory: Compliance, Violence, and Overachievement In Society - Make it stand out 100% snuggly https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1ad9ea63-3963-4931-a638-2e2c76383bb7/TDTPT.png Essays - Escalation Theory: Compliance, Violence, and Overachievement In Society - Make it stand out this whole quote is phenomenal…”it’s really not about candy” indeed source https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/c90ef80b-c81b-4fc8-ac69-c13589e63447/shame.png Essays - Escalation Theory: Compliance, Violence, and Overachievement In Society - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/a7c3fce9-59e2-4364-bcec-86624428e25a/kids.PNG Essays - Escalation Theory: Compliance, Violence, and Overachievement In Society - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/8637c4d1-3b73-433a-b542-7eecf7aa222a/SF_crime_rates.png Essays - Escalation Theory: Compliance, Violence, and Overachievement In Society - Make it stand out 2019 reported figures show San Francisco with the 4th highest rate of property crimes in the US (on the right in table above) https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/25fefc65-00d1-40a6-948d-032dcd09d262/sf_crime_map.jpeg Essays - Escalation Theory: Compliance, Violence, and Overachievement In Society - Make it stand out crime map (source) https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/b1ad5b76-7397-447c-afbf-3eaa9ffaee41/summary.png Essays - Escalation Theory: Compliance, Violence, and Overachievement In Society - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/99e6d384-22bd-4ba2-9bd5-eefedbd59245/cursus_honorum.png Essays - Escalation Theory: Compliance, Violence, and Overachievement In Society - Make it stand out The course of honors — Cursus Honorum — in Ancient Rome during Caesar’s time. The ancient version of elite social climbing. You can feel free to tag yourself.[0] https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/45adde53-ee40-4a3e-8437-d3dc974211b4/shoula_known.jpeg Essays - Escalation Theory: Compliance, Violence, and Overachievement In Society - Make it stand out Pictured: I should’ve known better, March 2022. No, I didn’t file a report. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/c45c391a-9c7f-41c6-a3ed-a74254c05c78/mens_et_manus.png Essays - Escalation Theory: Compliance, Violence, and Overachievement In Society - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/dd52e2ff-d85f-45db-b330-b0473078c1a4/hypotheticals_3.png Essays - Escalation Theory: Compliance, Violence, and Overachievement In Society - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/a3a27e90-1791-4786-bebf-9573bfd1daea/safety_alert.jpeg Essays - Escalation Theory: Compliance, Violence, and Overachievement In Society - Make it stand out source https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/de1848c7-c964-4a96-930a-a057792eda55/please_the_teacher.png Essays - Escalation Theory: Compliance, Violence, and Overachievement In Society - Make it stand out at this point in time the boy has already been told the extra marshmallow is his…and yet. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/74d7c116-fc66-4c2d-a712-4fcda6651808/hypotheticals_2.png Essays - Escalation Theory: Compliance, Violence, and Overachievement In Society - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/9b673e72-f432-463e-b2e6-6850791f0659/eve_in_game.jpeg Essays - Escalation Theory: Compliance, Violence, and Overachievement In Society - Make it stand out Pictured: The endgame. Refer to the footnote [99] below if the psyche of initiating conflict on another person & its implications remains unclear. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/f015a41d-6ce4-462a-bf21-6c93931ff912/batman.png Essays - Escalation Theory: Compliance, Violence, and Overachievement In Society - Make it stand out I offer great thanks to the 150+ souls who read all 95 tweets in this thread, I will buy you a coffee anytime https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/f3063857-2ce6-4fd7-840c-31fb507d0e7d/my_hotel.png Essays - Escalation Theory: Compliance, Violence, and Overachievement In Society - Make it stand out Pictured: more guns in the lobby of my San Francisco hotel than have ever been in said lobby before — does living in a perpetual police state sound like fun to you? https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/c43f2e3a-559d-478a-b98f-93e33eee3c4a/open.jpeg Essays - Escalation Theory: Compliance, Violence, and Overachievement In Society - Make it stand out not only is this psychology not unique to academia, I find the athlete’s perspective on it is often more “open” and approachable to an audience who wasn’t prepared to find it outside academia — most readers never imagine themselves to have a shot at being a pro athlete and so are more easily able to slip into his worldview, like reading a good fiction book https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/bec26354-d8dc-4ef3-9b63-2b036045fdc0/eve_shakes.png Essays - Escalation Theory: Compliance, Violence, and Overachievement In Society - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/fb94cd00-734e-49e8-bbb3-4497ca8263ff/gavin_2.png Essays - Escalation Theory: Compliance, Violence, and Overachievement In Society - Make it stand out Pictured in the background: “lol, lmao, he said it, he’s not wrong though” https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1e934c67-4af8-4d1b-9bfb-d6c2f75dfef6/FBI_crime.png Essays - Escalation Theory: Compliance, Violence, and Overachievement In Society - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/cf352583-11df-4eaa-8bbd-71f34fa76d3b/patterns_of_violence_2.png Essays - Escalation Theory: Compliance, Violence, and Overachievement In Society - Make it stand out source https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/c5c457e1-beca-4ad6-b4e5-09cac460be38/eve_dangerous.png Essays - Escalation Theory: Compliance, Violence, and Overachievement In Society - Make it stand out 89% Dangerous huh? https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/3247b951-866c-4836-a721-9f8dbf2bd272/modern_caesar.png Essays - Escalation Theory: Compliance, Violence, and Overachievement In Society - Make it stand out Pictured: the modern Caesar. If you haven’t seen this footage, I highly recommend taking the 3mins to watch it. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/db4fd941-0676-4044-a741-202b3b163d36/drive.jpeg Essays - Escalation Theory: Compliance, Violence, and Overachievement In Society - Make it stand out Pictured: a movie popular with people who like the idea of responding to threats by escalating the level of violence occurring https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/cdc6bec5-8725-440d-a660-7631d1329b8f/cursus_honorum.png Essays - Escalation Theory: Compliance, Violence, and Overachievement In Society - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/cb9f9b97-475b-422c-864d-e309938b5919/eve_shakes_2.png Essays - Escalation Theory: Compliance, Violence, and Overachievement In Society - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/99103ae2-4cd4-4f92-8826-330d12ddb492/venice.jpeg Essays - Escalation Theory: Compliance, Violence, and Overachievement In Society - Make it stand out Today there are fewer nobles spilling blood in the streets of Venice https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/93793758-34f8-4bc3-be3e-fd960a7f9113/mic.png Essays - Escalation Theory: Compliance, Violence, and Overachievement In Society - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://www.conradbastable.com/essays/inside-my-first-bank-run-zombie-banks-and-magic-money monthly 0.5 2023-03-29 https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/5e77de16-8b20-4947-a8b4-ff615b05fd6c/essay_4.png Essays - Inside My First Bank Run: Zombie Banks and Magic Money - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/7b924e34-5640-412f-9c2d-59c53c911aec/patrick_0.png Essays - Inside My First Bank Run: Zombie Banks and Magic Money - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/0113cede-08b8-4e24-a881-97da17654c8f/essay_1.png Essays - Inside My First Bank Run: Zombie Banks and Magic Money - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/88d0ea65-3528-4702-b694-51d56e922f71/patrick_2.png Essays - Inside My First Bank Run: Zombie Banks and Magic Money - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/50158da0-35a0-444e-978e-d1345893c54e/mbssss.png Essays - Inside My First Bank Run: Zombie Banks and Magic Money - Make it stand out source https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/9aaeafb5-ad2d-4ec1-a140-eab198117cf1/slide_1.png Essays - Inside My First Bank Run: Zombie Banks and Magic Money - Make it stand out Each paragraph of corporate explanation translated into a simple sentence below it https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/28ecf8f0-0a5f-4086-b26f-3bef4cd925bc/fed_rates.png Essays - Inside My First Bank Run: Zombie Banks and Magic Money - Make it stand out Pictured: my first day back at the office https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/0241157a-7545-4867-80ed-353b022cae5e/patrick_1.png Essays - Inside My First Bank Run: Zombie Banks and Magic Money - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/e42c0145-b664-472d-92f9-c238e1bb9380/boss.gif Essays - Inside My First Bank Run: Zombie Banks and Magic Money - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/50845c21-9970-44d3-82ae-dde14ef91cd4/nikita.png Essays - Inside My First Bank Run: Zombie Banks and Magic Money - Make it stand out Note Nikita’s point here. It has broad implications.[0] https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/002ee2b3-25f3-414c-80e9-714e4e658591/stripp.jpeg Essays - Inside My First Bank Run: Zombie Banks and Magic Money - Make it stand out Pictured: me trying to pitch you on a whole other essay 5k words into this one https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/b86448dc-5dbc-4101-b8c0-3296b1b7a571/slide_3.png Essays - Inside My First Bank Run: Zombie Banks and Magic Money - Make it stand out voiceover: “these takes are garbage” https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/381f116f-6c6d-4838-a4f2-833ef959b285/todd_baker.png Essays - Inside My First Bank Run: Zombie Banks and Magic Money - Make it stand out a paltry 35 likes now — I think it had 11 on Wednesday night? https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/758ed9e9-155c-4054-a1c1-dac427d3ebb7/byrne.png Essays - Inside My First Bank Run: Zombie Banks and Magic Money - Make it stand out I’ve been a fan of Byrne’s since I tried to build a framework for making societies wealthier and realized he’d already had many of the same thoughts. His analysis here was bang on the money. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/87e79541-08fd-4674-ae9c-d9c69bf249b8/essay_2.png Essays - Inside My First Bank Run: Zombie Banks and Magic Money - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/b6eaf27a-ff26-4994-b770-3ab238b32440/chess.jpeg Essays - Inside My First Bank Run: Zombie Banks and Magic Money - Make it stand out if your perspective DOESN’T look like this, consider that you may not be a live player in a live game https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/8340783d-05bc-405d-b220-76ed29458ba9/augeries.gif Essays - Inside My First Bank Run: Zombie Banks and Magic Money - Make it stand out “Brrrrr” — the beautiful sound of a money printer in action https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/3476a9f0-621f-49c0-acbc-223ca4a5742e/fed_2.png Essays - Inside My First Bank Run: Zombie Banks and Magic Money - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/02501aac-9db7-4683-b3a4-3e69e7bb25a7/bank_farm.jpeg Essays - Inside My First Bank Run: Zombie Banks and Magic Money - Make it stand out I shamelessly stole this meme from /r/wallstreetbets https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/daefc449-1779-45fb-8663-2084ffac538a/ftx.jpeg Essays - Inside My First Bank Run: Zombie Banks and Magic Money - Make it stand out meme credit https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/696c4897-a711-46c6-a91c-368af55c8e05/slatestarcodex.png Essays - Inside My First Bank Run: Zombie Banks and Magic Money - Make it stand out Scott’s essay explaining “Moloch”, screenshotted here, is a wonderful exploration of the tragedy of intense competition and his own best attempts to convince people not to engage in such tragedy. My essay is instead about how to win such events. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/c81e91d6-941a-47e9-aed2-eee223eccbe4/larry.png Essays - Inside My First Bank Run: Zombie Banks and Magic Money - Make it stand out If your model — accounting — does not capture risks associated with the underlying behavior, going “boom” is built into your system source https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/40214bab-0687-4715-862d-9e8ef96ca2fd/cs_splat.png Essays - Inside My First Bank Run: Zombie Banks and Magic Money - Make it stand out Pictured: nothing to do with VCs! https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1679553289421-D1QAZ44CLSM8K7CQRCOJ/yellen_flex.jpeg Essays - Inside My First Bank Run: Zombie Banks and Magic Money https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1679553289776-D8W5BFBL0CHRBTPIWFVJ/jpow_flex.jpeg Essays - Inside My First Bank Run: Zombie Banks and Magic Money https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/5dae42d0-0817-4a02-bcad-fe406d3776e7/slide_2.png Essays - Inside My First Bank Run: Zombie Banks and Magic Money - Make it stand out obviously one can voiceover that responsible maturity management should mean that each quarter’s outflows are nicely timed to coincide with additional securities maturing…but the implication of this slide, in concert with the announcement, is that there are not enough securities maturing to pay for outflows. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/23bb87da-999d-418c-bd05-2246d83bb2f6/dynamics.jpeg Essays - Inside My First Bank Run: Zombie Banks and Magic Money - Make it stand out All 3 people pictured above have a fixed position. A small but instantaneous change in the factors modeled in the left image will result in the bench gently resting down on the ground. A small but instantaneous change in the factors modeled on the right will probably cause the child to trip, miss their step, and need an emergency trip to the dentist. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/c1b2e07b-fcc2-455b-a453-1b07801d90c1/tick_tock.gif Essays - Inside My First Bank Run: Zombie Banks and Magic Money - Why Banks Always Explode And what to do about it https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/8d42de01-f797-4c07-80ba-afec6ed91127/banks_as_gov.png Essays - Inside My First Bank Run: Zombie Banks and Magic Money - Make it stand out source: American Zaibatsu: Macroeconomics for Tech Employees https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/e3c49549-1af3-487a-a870-5f648df285a8/fed_1.png Essays - Inside My First Bank Run: Zombie Banks and Magic Money - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/c90350e1-2926-4091-9a80-8bcc45113934/jakeup_2.png Essays - Inside My First Bank Run: Zombie Banks and Magic Money - Make it stand out source https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/ed411141-a93a-49c4-8dd5-a3f7d9f39a1d/essay_3.png Essays - Inside My First Bank Run: Zombie Banks and Magic Money - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/a2ec9246-0fd6-4b9b-90db-511c602a401b/tick_tock.gif Essays - Inside My First Bank Run: Zombie Banks and Magic Money - Make it stand out Time is money. And banks are in the business of playing magic games with time. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/588a97e9-526a-403c-bd35-cacc08a2548c/jakeup_1.png Essays - Inside My First Bank Run: Zombie Banks and Magic Money - Make it stand out click to embiggen https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/ef342231-8151-446b-ad28-c27d6bccd2e8/arm_share.png Essays - Inside My First Bank Run: Zombie Banks and Magic Money - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/41dffbe5-70ae-4019-a95d-1f85019cc597/lenin.gif Essays - Inside My First Bank Run: Zombie Banks and Magic Money - Make it stand out “we see here in this art exhibit that the money printer has resurrected the zombie bank and brought its employees back to work after wiping out the owners of the company” https://www.conradbastable.com/essays/japans-housing-crisis-what-the-yimbys-dont-understand monthly 0.5 2022-11-25 https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1669317133636-HVZ2VAPSLV01SJOIUDO3/japan_pop.gif Essays - Japan’s Housing Crisis: What The YIMBYs Don’t Understand https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1669317133662-V74WH8QBDZVWJS4HXDX2/japan_pop_pyramid.gif Essays - Japan’s Housing Crisis: What The YIMBYs Don’t Understand https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/4ea6440a-5d3b-45e0-8ad2-bc3103e13f5f/nyt_excerpt_1.png Essays - Japan’s Housing Crisis: What The YIMBYs Don’t Understand - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/66c9b926-75ac-4f04-9c9d-fd728f8ebe5d/japan_trade.png Essays - Japan’s Housing Crisis: What The YIMBYs Don’t Understand - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/fc93de39-1ec9-48cf-909a-a6473c49a7d6/ft_excerpt_5.png Essays - Japan’s Housing Crisis: What The YIMBYs Don’t Understand - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1810f8dd-3c16-49fc-b5d6-71a65c2cfba1/ft_cover.png Essays - Japan’s Housing Crisis: What The YIMBYs Don’t Understand - Make it stand out source for the 2016 piece https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/08dfceff-6b55-4a7e-848c-36b0de1af9b1/japan_housing_starts.png Essays - Japan’s Housing Crisis: What The YIMBYs Don’t Understand - Make it stand out source https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/d5333cb3-1893-42c8-ab56-e8737c6f2b89/lmao_bernanke.png Essays - Japan’s Housing Crisis: What The YIMBYs Don’t Understand - Make it stand out Published on Christmas Day, 2005. Ho ho ho. To be fair, our housing decline only lasted 5 years instead of 15, so perhaps this was prescient. But maybe don’t judge the Bank of Japan too harshly for the implied terror of raising interest rates 3.5% over a 15 month period…lest you start making (unfair!) comparisons to our current situation in the USA. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/a17474bd-d9e2-40ba-8ff0-d0fc3847daaa/ft_excerpt_2.png Essays - Japan’s Housing Crisis: What The YIMBYs Don’t Understand - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/94b1e9aa-fdb5-43c2-a0cc-7215d223b595/yimbyism.jpeg Essays - Japan’s Housing Crisis: What The YIMBYs Don’t Understand - Make it stand out source + more memes https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/202a5e23-2edd-4c4c-a9e2-c25acc4fbe8d/ft_excerpt_3.png Essays - Japan’s Housing Crisis: What The YIMBYs Don’t Understand - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/80f1e614-291e-4622-9689-2f23e49089a7/ft_excerpt_4.png Essays - Japan’s Housing Crisis: What The YIMBYs Don’t Understand - Make it stand out Logic being: zoning rules = paralysis => and that’s why 1980s Tokyo saw housing price inflation https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1669315103461-JIE98NJV10HNMXJ21D4G/FT_chart_1.png Essays - Japan’s Housing Crisis: What The YIMBYs Don’t Understand https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1669324055625-3684L0T3IZ3MDB42VO0J/conrad_analysis_1.png Essays - Japan’s Housing Crisis: What The YIMBYs Don’t Understand https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/4eb6225a-688c-4e15-9d21-4ab4d8548188/conrad_analysis_red.png Essays - Japan’s Housing Crisis: What The YIMBYs Don’t Understand - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/7edfc3b9-771e-49f9-b249-f424c66f4eaf/nyt_excerpt_slam_dunk.png Essays - Japan’s Housing Crisis: What The YIMBYs Don’t Understand - Make it stand out Me: “…supply of capital available to spend on housing…” → NYT: “…credit these changes with bringing new money into the market…” https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/257c82cd-9b9e-4047-9018-84e340fb8547/great_depression.jpeg Essays - Japan’s Housing Crisis: What The YIMBYs Don’t Understand - Make it stand out should we copy their housing policy? Do you imagine Tokyo copied Manhattan’s housing policy in order to have such a similarly shaped outcome? source https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/8e8930e9-b8e0-4e4e-af1b-49c3bc2b2b41/japan_housing_cost.png Essays - Japan’s Housing Crisis: What The YIMBYs Don’t Understand - Make it stand out source https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/0394197d-0f59-4ffe-a520-b4678b81271a/nyt_excerpt_3.png Essays - Japan’s Housing Crisis: What The YIMBYs Don’t Understand - Make it stand out A nation that learns to avoid purchasing property…and a certain Ben Bernanke who appears sagely to note that Japan’s central bank is responsible by reacting too slowly to rising prices. Ah, 2005. What a blissful time. Thankfully we learned all these lessons back then. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/3653d038-c68d-4fbb-967a-907de3f5c319/tokyo_housing_prices_neat.png Essays - Japan’s Housing Crisis: What The YIMBYs Don’t Understand - Make it stand out click to embiggen, source for time-series data & source for price data https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/2f33981c-be99-46e1-8d19-9371d60f8233/japans_asset_bubble.png Essays - Japan’s Housing Crisis: What The YIMBYs Don’t Understand - Make it stand out read all about it here https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/d5282028-e839-4fca-8b74-86328ec81b06/conrad_analysis_1.png Essays - Japan’s Housing Crisis: What The YIMBYs Don’t Understand - Make it stand out Pictured: hard hitting economic analysis-slash-advocacy https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/bb370c33-bf65-41f8-affa-a4e83531b3fd/conrad_analysis_red.png Essays - Japan’s Housing Crisis: What The YIMBYs Don’t Understand - Make it stand out This is a good thing, actually. I’m underselling the % increase a little by using Q2 2021 as the endpoint, who knows if the current bump will sustain itself. And even if you fully-embrace the YIMBY perspective, +86% over 20 years for a major city is, on its face, an excellent outcome. But good luck explaining that to the lay reader in a brief piece. You’d need an 8,000 word essay to explore even a fraction of the relevant context (hello!) https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/51c651a1-247d-4412-9647-118783ebde51/japan_wages.png Essays - Japan’s Housing Crisis: What The YIMBYs Don’t Understand - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/52739e60-b62d-4dee-8200-ecc6f1485ecd/nyt_excerpt_2.png Essays - Japan’s Housing Crisis: What The YIMBYs Don’t Understand - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/2753bc13-b567-4ea2-bf00-d11edb0b6cc7/japans_asset_bust.png Essays - Japan’s Housing Crisis: What The YIMBYs Don’t Understand - Make it stand out “…the impact was worse…”, “…far worse…”, “…less than a tenth of their peak…”, “…still managed to be listed as the most expensive in the world…” https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1669321634666-6EYMNL1DQ2RHL68YSLIU/japan_stonks.png Essays - Japan’s Housing Crisis: What The YIMBYs Don’t Understand https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1669321634723-DG9IWNVSQHQEU1Z2XXOI/japan_wages_snapshot.png Essays - Japan’s Housing Crisis: What The YIMBYs Don’t Understand https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/974b77cc-4c31-4d77-aa47-3a634bfa3dc0/us_vs_jpn.png Essays - Japan’s Housing Crisis: What The YIMBYs Don’t Understand - Make it stand out in constant USD because adjusting for exchange rates would be very, very silly https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/56842028-b92d-4a43-898a-13bc65640f4c/bigger_analysis_neoliberal.png Essays - Japan’s Housing Crisis: What The YIMBYs Don’t Understand - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/d33820c3-c2c9-4026-8d82-b65b5360469d/house_price_vs_income.png Essays - Japan’s Housing Crisis: What The YIMBYs Don’t Understand - Make it stand out Both metrics are just proxies for what we’re really trying to get at — how many dollars are chasing homes in each market https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/9d886534-8d4e-4378-ba87-d41671ddecc8/ft_exerpt_1.png Essays - Japan’s Housing Crisis: What The YIMBYs Don’t Understand - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/0ed80e02-5286-467c-982c-d18ca62c7f24/japan_housing_since_1980.png Essays - Japan’s Housing Crisis: What The YIMBYs Don’t Understand - Make it stand out Note this is for Japan the country and not Tokyo the city, and therefore must content with additional factors noted below — but the core trends are the same source https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/5f38e803-8e30-4eac-95e5-89398822707d/real_estate_developers.jpeg Essays - Japan’s Housing Crisis: What The YIMBYs Don’t Understand - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/e0fd7fb4-a803-4211-b9ba-16b4769e5391/nikkei_index.png Essays - Japan’s Housing Crisis: What The YIMBYs Don’t Understand - Make it stand out Quiz: if you worked for 30 years from 1990 through to 2020 and invested 30% of your earnings each paycheck, how much would your savings & retirement account have grown over that period? The answer to that question is what makes this whole situation “tragic”, and celebrating it “ghoulish”. source https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/878f57bb-2917-4db4-b53a-238f97228e34/tap_the_sign_2.PNG Essays - Japan’s Housing Crisis: What The YIMBYs Don’t Understand - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/56ccc181-cb9e-4491-92cd-fd3e5f7132ad/japan_immigration.png Essays - Japan’s Housing Crisis: What The YIMBYs Don’t Understand - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://www.conradbastable.com/essays/book-review-discourses-on-livy-part-ii monthly 0.5 2022-07-16 https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/f04e88f2-d575-4410-92ca-3900015e9d82/alive.png Essays - Book Review: Discourses on Livy, Part II - Make it stand out source https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/b9208e54-dc2e-492d-bcef-50cf25fc33ad/waterloo.png Essays - Book Review: Discourses on Livy, Part II - Make it stand out source https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/e798fe57-45c0-4b52-b9db-b0f71098d311/aquilona.png Essays - Book Review: Discourses on Livy, Part II - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/5752c411-7c71-47aa-a86d-46cad882997a/the_build.png Essays - Book Review: Discourses on Livy, Part II - Make it stand out aka your own terrible choices making your character are the reason the game is hard https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/cf0f2c9f-2b4c-44c7-886d-d8a315363a15/chad.jpeg Essays - Book Review: Discourses on Livy, Part II - Make it stand out “Do the right thing, aggressively” https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/58cda663-d305-475b-bc9a-67bc50bd8bb2/modern_analysis.png Essays - Book Review: Discourses on Livy, Part II - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/ae2f5d7a-56a5-4d0c-ad78-da2a9112064e/cash.png Essays - Book Review: Discourses on Livy, Part II - Make it stand out source https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/2298344e-2087-4131-ac1c-57d16360d96f/rumped.png Essays - Book Review: Discourses on Livy, Part II - Make it stand out source https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/53fe37b3-7e73-48aa-967d-48d7500ad672/yomi.png Essays - Book Review: Discourses on Livy, Part II - Make it stand out source https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/142c94bc-c214-4e7d-a725-bc9a8f450158/extremists.png Essays - Book Review: Discourses on Livy, Part II - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/894a5a00-8a4f-4cf6-b497-f705e148346d/fedposted.png Essays - Book Review: Discourses on Livy, Part II - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/43a54935-211b-4b02-8dcb-b7070b3fa0c4/gigachadicus.PNG Essays - Book Review: Discourses on Livy, Part II - Make it stand out “Walls, you say?" https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/20b29d1d-39a4-4058-aaa6-44996a215bf5/intellectual.png Essays - Book Review: Discourses on Livy, Part II - Make it stand out “Who advises whom”, as they say. Watch out for icepicks. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/2c1f32f9-f91f-4a6e-a146-4ac0fbdb851b/mearsheimer.png Essays - Book Review: Discourses on Livy, Part II - Make it stand out Amazon link https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/7ffa4fb8-888c-4548-98f7-8581419fc734/samnited.png Essays - Book Review: Discourses on Livy, Part II - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/8ec96e70-ccdf-4baa-b641-e19f5c1c5305/doomer.png Essays - Book Review: Discourses on Livy, Part II - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/82ccfb5a-74b8-4c8d-8c8b-11e69d0a3c02/canute.gif Essays - Book Review: Discourses on Livy, Part II - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/92824de7-89f1-4295-b6d8-e8dd44e424e4/idiots.gif Essays - Book Review: Discourses on Livy, Part II - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/654d8d94-e38b-4869-9e79-083e9336f52c/shame.png Essays - Book Review: Discourses on Livy, Part II - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/7670a91c-65cd-4174-8a9b-c3632ee79605/elden_lord.PNG Essays - Book Review: Discourses on Livy, Part II - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/44660c35-8e8f-4548-8237-eee376d00d51/blizzcon.png Essays - Book Review: Discourses on Livy, Part II - Make it stand out This is of course not to draw an equivalency here, merely an analogy for how a whole group of people might convince themselves of a truth that simply wasn’t: namely, that an audience of 35,000 hardcore PC gaming fans who forked over $1k-$3k to attend a PC gaming convention in-person would be enthusiastic about a mobile-only cash-grab game. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/47df0f29-9ad4-4a69-8ad3-c3fe361a5829/cheeks.png Essays - Book Review: Discourses on Livy, Part II - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/be2c8f7b-5ae7-41ef-8823-8befa7dfeace/walls.jpeg Essays - Book Review: Discourses on Livy, Part II - Make it stand out Pictured: regrets https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/d01161de-ba09-48e2-8edd-727b5e76686d/rump.png Essays - Book Review: Discourses on Livy, Part II - Make it stand out source https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/5a56262a-82a9-48df-98e9-009d0bada284/exiles.jpeg Essays - Book Review: Discourses on Livy, Part II - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/4dad31e1-a29b-47d8-8853-accfc22f10fa/normies.png Essays - Book Review: Discourses on Livy, Part II - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://www.conradbastable.com/essays/book-review-discourses-on-livy-part-i monthly 0.5 2022-07-04 https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/4568af60-e318-413c-891a-546f0987eeff/kalanick.png Essays - Book Review: Discourses on Livy, Part I - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/22634c1c-77de-4569-88b8-6fc674d793a8/no_country.jpeg Essays - Book Review: Discourses on Livy, Part I - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1655772188097-3MSY3SPJL41OM5GZM14Q/fed.png Essays - Book Review: Discourses on Livy, Part I https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1655772188186-Z7W8Z570UO5K7W1ER1Y7/fed_2.png Essays - Book Review: Discourses on Livy, Part I https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1655772188577-F3BL4FG7MKA7NNCI61FJ/fed_3.png Essays - Book Review: Discourses on Livy, Part I https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/099fb10b-2e91-4c76-b663-c3bedfbe6a56/cosimo.jpeg Essays - Book Review: Discourses on Livy, Part I - Make it stand out Cosimo di Medici, chief banker of Florence https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/f98fee46-8893-451a-a503-697eed26b170/cant_wait_on_god.png Essays - Book Review: Discourses on Livy, Part I - Make it stand out Pictured: Machiavelli after the fall(out) https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/37693bd9-0492-4fe4-ac00-d10b970a7c08/homelander_security.gif Essays - Book Review: Discourses on Livy, Part I - Make it stand out Because you're predisposed to overlook the bad actions of “high performers”, people who want cover to do bad things will intentionally try to meet your standards of “high performer” — across any and all status hierarchies. Picture unrelated ;) https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1655772727660-HS4PV5KYZ8BVNOP60B67/ceo_age.png Essays - Book Review: Discourses on Livy, Part I https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1655772727719-FN9THD4KSQXWXGI6LKTY/college_pres_age.jpeg Essays - Book Review: Discourses on Livy, Part I https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1655772728268-SL2C7SKLTKR0O0PVZ0Q6/pres_age.png Essays - Book Review: Discourses on Livy, Part I https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1655772728282-EAKT3YW82VSAEIDYTO8Z/reps_age.png Essays - Book Review: Discourses on Livy, Part I https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/b81c98e1-5560-4ffb-952b-d475d74bb3cc/arms.png Essays - Book Review: Discourses on Livy, Part I - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/ff1d27ff-d5bc-4899-be42-d25a9d63d84c/yoda.gif Essays - Book Review: Discourses on Livy, Part I - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/ff99068a-d5f3-499e-a311-e32a72b76def/aapl_moon.png Essays - Book Review: Discourses on Livy, Part I - Make it stand out Pictured: the upside of generating Cash Flow https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1ad25885-c591-4f82-9154-16dc134a9ebd/mac_daddy.jpeg Essays - Book Review: Discourses on Livy, Part I - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/2296534c-43f0-419f-ba9a-73b53b36e3ab/mercantilism.PNG Essays - Book Review: Discourses on Livy, Part I - Make it stand out source https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/46228488-f02c-436d-a1a3-d62085e9a330/ender.png Essays - Book Review: Discourses on Livy, Part I - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/5620f883-ed27-4aa8-9c6e-6f23d06f9542/godfather.gif Essays - Book Review: Discourses on Livy, Part I - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/a3986bc2-aa68-49bc-aa3f-d58e368e0018/big_george.jpeg Essays - Book Review: Discourses on Livy, Part I - Make it stand out Pictured for no reason: George Washington https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/5f0a9228-3f40-49e0-af06-7f9b400280ce/corruption.png Essays - Book Review: Discourses on Livy, Part I - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/0189e958-a325-494d-8052-d09087986afd/trucked.png Essays - Book Review: Discourses on Livy, Part I - Make it stand out Pictured: “’their united defiance changed to individual obedience, everyone having fears for himself’” https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/9cdefab8-9881-4316-a3d2-c36d71c48d45/florence_2.PNG Essays - Book Review: Discourses on Livy, Part I - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/6b251896-fd57-4ad4-9626-86b8af76e235/uber_boober.png Essays - Book Review: Discourses on Livy, Part I - Make it stand out Not pictured: “a man’s merits never compensate for his faults” https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/b3273abd-f4e6-4135-a393-153794d7a7aa/share_buybacks.gif Essays - Book Review: Discourses on Livy, Part I - Make it stand out William Lazonick writes in the Harvard Business Review (2014): “During that period, they used 54% of their earnings—a total of $2.4 trillion—to buy back their own stock…That left little to fund productive capabilities or better incomes for workers. Why are such massive resources dedicated to stock buybacks? Because stock-based instruments make up the majority of executives’ pay, and buybacks drive up short-term stock prices.” https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/bfaed90c-9e9d-4953-90cd-783de1ef3fa2/college_math.PNG Essays - Book Review: Discourses on Livy, Part I - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/88cef095-bee9-42a6-a30a-8c511357f2df/torture.png Essays - Book Review: Discourses on Livy, Part I - Make it stand out Wise readers will not be surprised to learn that Machiavelli gave “The Prince” to a member of the Medici family in that very same year, 1513, signing off on the dedication of the book with: “And if your Magnificence from the summit of your greatness will sometimes turn your eyes to these lower regions, you will see how unmeritedly I suffer a great and continued malignity of fortune.” https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/d1c70e2d-babb-4bd6-9b9e-4fc777057720/imf.png Essays - Book Review: Discourses on Livy, Part I - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/515c57a2-44f9-4eb4-8dd4-f319d70a4d46/who.PNG Essays - Book Review: Discourses on Livy, Part I - Make it stand out Thank you Nature for giving me enough cover to write this section If you think I’ve been at all harsh in my description here, I promise the full Nature article paints a much harsher picture https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/97ed54a6-8872-4c41-b4a4-917610ccb875/elon.png Essays - Book Review: Discourses on Livy, Part I - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/40eed2ad-f095-4650-b38c-caf8162ba67a/cinncinatus.gif Essays - Book Review: Discourses on Livy, Part I - Make it stand out Pictured: Cincinnatus heading back to his farm one week after being made Dictator https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/dd9938d9-3b6f-461d-a9c4-4577e96e1209/slatstarcodex.png Essays - Book Review: Discourses on Livy, Part I - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/d27700b1-f2fb-463c-ad08-aa3250f372aa/big_mac.png Essays - Book Review: Discourses on Livy, Part I - Make it stand out RIP https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/41c5d2c3-297e-44e7-8072-1b2c2d22edec/brack.png Essays - Book Review: Discourses on Livy, Part I - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/c5a2700b-1af8-4687-ab41-a906a1dc4ec9/who_guidance.PNG Essays - Book Review: Discourses on Livy, Part I - Make it stand out Posted 5 days after Scott Alexander’s first essay on the subject of airborne transmission, this stunning FACT can still be found here, along with some criticism in the replies. Lidia Morawska, an aerosol scientist at the Queensland University of Technology in Brisbane, Australia, was trying to convince the WHO’s Head of Health Emergencies that the virus was airborne within a week of this tweet. Alas. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/719dbcf2-ca65-4c13-b394-a73caa07cd3c/beefs.png Essays - Book Review: Discourses on Livy, Part I - Make it stand out read how it works here https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/a17eeeb7-b94a-4daf-9ff8-d282dfb705b3/money.gif Essays - Book Review: Discourses on Livy, Part I - Make it stand out Pictured: a man who would not defend liberty https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/2cfaf741-3cf4-4a34-86d9-736f7401a9f8/confdence.png Essays - Book Review: Discourses on Livy, Part I - Make it stand out source: Gallup https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/5cdcfe86-bdb1-474b-8a3e-66a57da76219/robbie_nohead.PNG Essays - Book Review: Discourses on Livy, Part I - Make it stand out If you’re not sure who Robespierre is, he managed to get through 16,594 official executions, plus 10,000 prisoner-deaths-without-trial, in a 12 month period in the 1700s. His biography is the archetypal story of “Democratizing Tyranny”. It didn’t take Napoleon long after this to get himself crowned Emperor. https://www.conradbastable.com/essays/american-zaibatsu-macroeconomics-for-tech-employees monthly 0.5 2022-07-04 https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/97dd0d98-1f33-4584-bfc7-db4142568a1d/Part+1+Yegge+Rant+2.png Essays - American Zaibatsu: Macroeconomics for Tech Employees - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/db5f66b5-8781-454b-a1e6-536ac7f50fd6/Appendix1.png Essays - American Zaibatsu: Macroeconomics for Tech Employees - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/8a440a91-3cba-40f9-9073-bbd15615bbe8/Part+I+SaaS+revenue+streams.png Essays - American Zaibatsu: Macroeconomics for Tech Employees - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/dedff195-d15b-418e-b0c4-8dd854e7503d/Part+5+we_do_not_sow.png Essays - American Zaibatsu: Macroeconomics for Tech Employees - Make it stand out Read more: Feudalism: The Bottom of the Stack, Political Solutions to Economic Problems https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/d01398af-56b2-428e-a30a-87636d0b369b/Part+2+apple+amen.png Essays - American Zaibatsu: Macroeconomics for Tech Employees - Make it stand out “The biggest issues is what to do about all the existing apps that sell direct today.” A-men. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/b431029b-523b-4309-92d7-5115b5abf7c7/Part+2+Top+China+Companies.png Essays - American Zaibatsu: Macroeconomics for Tech Employees - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/140aed32-900d-4fd0-97a5-b123c4ea9d71/Part+2+MITI.png Essays - American Zaibatsu: Macroeconomics for Tech Employees - Make it stand out Just read the f’ing book https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1e878aa0-16c1-458f-a206-082194407e6c/Part+1+Thiel+3.png Essays - American Zaibatsu: Macroeconomics for Tech Employees - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/3056eb89-7009-471b-bf07-7937f37e1718/Part+4+interested_parties.png Essays - American Zaibatsu: Macroeconomics for Tech Employees - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/88ed4514-f3a7-4dd8-8876-d14d85d0d92d/Part+3+merc%27d.png Essays - American Zaibatsu: Macroeconomics for Tech Employees - Make it stand out A shared Global market for goods is nothing new (read more about Mercantilism here) https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/48a340bd-3805-4fc2-900e-5eb0fdca0ea5/Part+2+Top+US+Companies.png Essays - American Zaibatsu: Macroeconomics for Tech Employees - Make it stand out These are all Tech companies for a reason. See above. Data as of December 29th, 2021 source https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1e697535-c8e0-4801-bf7a-c42254d177eb/Part+2+pareto.png Essays - American Zaibatsu: Macroeconomics for Tech Employees - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/999af9ad-b8f6-4702-b919-3b55b5573761/Part+3+clayton.jpeg Essays - American Zaibatsu: Macroeconomics for Tech Employees - Make it stand out You really ought to have read this one… https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/ece97ee8-9f0e-4c6d-966c-8ce92fcd4c31/Part+2+Top+Japan+Companies.png Essays - American Zaibatsu: Macroeconomics for Tech Employees - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/a5ee2b3d-a77a-40fc-abeb-48d583f6935e/Part+4+happy_commie_friends.png Essays - American Zaibatsu: Macroeconomics for Tech Employees - Make it stand out “In this poster from 1968, a farmer and steelworker are featured with the caption 'everyday work is step towards communism'.” A pretty heavy quote there from the Guardian describing this picture, highlighting wonderful national harmony under communism. I included it for the spicy-ironic juxtaposition that follows below… — source https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/394d9bd1-219d-464e-a68c-73b550b12029/Part+1+Gwern+3.png Essays - American Zaibatsu: Macroeconomics for Tech Employees - Make it stand out I didn’t highlight it above, but Gwern’s final paragraph above — “In practice, the division winds up being…” — is the money shot of this whole section. Vae victis. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/e75c64b0-495f-42c7-be93-5d71851f33de/quantian.PNG Essays - American Zaibatsu: Macroeconomics for Tech Employees - Make it stand out source https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/0a695c14-4116-47e6-9d1c-6bfcfb9638e9/Part+5+duel_mandate.png Essays - American Zaibatsu: Macroeconomics for Tech Employees - Make it stand out It’s time to d-d-d-duel source (Official Fed website) https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/7a7e6583-e195-4963-9600-8641d55f64a5/Part+5+omnipotent_or_priest.gif Essays - American Zaibatsu: Macroeconomics for Tech Employees - Make it stand out The gif above fits both side of this discussion depending on your religiosity https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/9ebde458-e37e-47a0-b7a1-08e45a643d5a/go_off_kings.png Essays - American Zaibatsu: Macroeconomics for Tech Employees - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/aea80e60-5746-46f6-b16a-a59a1e8c8053/Part+1+Gwern+2.png Essays - American Zaibatsu: Macroeconomics for Tech Employees - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/b3d7f4e7-c8cc-4818-acc7-9c4766745d21/Part+2+money_shot_2.png Essays - American Zaibatsu: Macroeconomics for Tech Employees - Make it stand out click to embiggen https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/a1c43144-dd2a-4c48-a34e-9140606a625b/Part+4+Big+Banking.png Essays - American Zaibatsu: Macroeconomics for Tech Employees - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/c9681ee2-205f-4bd6-ac3b-fcf4023cd54b/Part+4+TLP.jpeg Essays - American Zaibatsu: Macroeconomics for Tech Employees - Make it stand out This may be the right framework for you & your family, but it is not the right framework for the whole team. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/a0794415-bd90-4a66-8a61-5162693dba0e/Part+5+fed_needs_cheats.png Essays - American Zaibatsu: Macroeconomics for Tech Employees - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/c31fdefd-b100-4f7d-a702-a5fa81eb53c5/Part+3+saudi_lol.png Essays - American Zaibatsu: Macroeconomics for Tech Employees - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/abf89866-f420-4f21-96a8-a07bfab1b27c/Part+1+Gwern+1.png Essays - American Zaibatsu: Macroeconomics for Tech Employees - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/09580bc1-c401-46ed-ac86-a71bf3304994/Part+2+unequal+growth.png Essays - American Zaibatsu: Macroeconomics for Tech Employees - Make it stand out Source: Unequal Growth: The Zero Sum Games You Don’t See https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/ae87545c-6ab4-4e41-984c-859642de9a91/Part+4+post_unification_bliss.png Essays - American Zaibatsu: Macroeconomics for Tech Employees - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/95f4cf33-7936-4835-9f9b-408db1b46c8b/Apple+Dolls.png Essays - American Zaibatsu: Macroeconomics for Tech Employees - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/8850860c-ea5d-4b86-886f-0b2c8eac49a5/Part+5+gallon_of_milk.png Essays - American Zaibatsu: Macroeconomics for Tech Employees - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/a46a28ea-350d-4457-9632-195045b504c8/Part+4+banking_wizards.png Essays - American Zaibatsu: Macroeconomics for Tech Employees - Make it stand out source https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/d1da8bf1-e663-475a-b524-d9c39c959e55/lenin_think.png Essays - American Zaibatsu: Macroeconomics for Tech Employees - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/2b7c5e98-b462-4ebf-b82b-3fc1d8fdbda7/Part+1+Strategy+Letter.png Essays - American Zaibatsu: Macroeconomics for Tech Employees - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/862150d4-1831-4c67-b1e4-0b0bca46f484/Part+5+debased_desires.png Essays - American Zaibatsu: Macroeconomics for Tech Employees - Make it stand out This is what it looks like when you, quite literally, Dilute the value of your currency source https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/9130e606-0de7-45d6-9435-816059bb3664/Appendix4.png Essays - American Zaibatsu: Macroeconomics for Tech Employees - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/52911011-08bc-4872-a068-5f49328bad2a/russian_dolls.gif Essays - American Zaibatsu: Macroeconomics for Tech Employees - Make it stand out Pictured: nations and companies, Japan & Mitsubishi, America & Apple https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/8df8da7e-1677-4ad6-a3b9-2f1276eac9d5/Part+5+fed_cheat_codes.png Essays - American Zaibatsu: Macroeconomics for Tech Employees - Make it stand out (Of course I will present conclusions for you further down the page) https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/ab1b652d-5ca6-4b4d-8f30-8394e21cad62/Part+4+good_news.png Essays - American Zaibatsu: Macroeconomics for Tech Employees - Make it stand out Good news! source https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/77917541-f194-41e0-bdd4-09a187cc21ac/Part+5+dont_buy_the_book.png Essays - American Zaibatsu: Macroeconomics for Tech Employees - Make it stand out buy the book (2018) or read the interview (free, 2016) or watch any of the lectures on YouTube (free, 2012-2016) — as with most content, the more well-packaged the ideas are, the less authentic insights you get https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/0ca207a3-c35a-40c7-969b-56f56425e282/Part+3+oddballs.png Essays - American Zaibatsu: Macroeconomics for Tech Employees - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/46480fbf-388c-46c4-b156-c658cd507a41/Part+4+central_bankers.gif Essays - American Zaibatsu: Macroeconomics for Tech Employees - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/35a23790-23cf-420c-9199-1eea2afbe8d7/Part+2+Top+20+GDP.png Essays - American Zaibatsu: Macroeconomics for Tech Employees - Make it stand out *I was going to do the top 20, but my data source is the World Bank and they can’t call Taiwan a country for reasons of utmost diplomatic importance. When I saw Taiwan would be #21, I felt obligated to include them. Also, they make for a fantastic case study, as you’ll see shortly… https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/cc4c8da8-12fe-4979-8b4f-27c413803b76/Appendix3.png Essays - American Zaibatsu: Macroeconomics for Tech Employees - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/0e8a2f35-358a-44e5-925a-658306aeddd0/russian_dolls.gif Essays - American Zaibatsu: Macroeconomics for Tech Employees - Make it stand out Pictured this time: Saudi & Saudi Aramco, Netherlands & ASML, Taiwan & TSMC, Switzerland & [Nestle+Roche] https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/7d4f7b6b-9590-4c70-8aec-b3a41e380e2b/Part+5+manga_girls.png Essays - American Zaibatsu: Macroeconomics for Tech Employees - Make it stand out House motto: “We do not sell.” source https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/6d71eee4-443b-40f6-8179-681dc29a15a3/Part+1+Cathedral.png Essays - American Zaibatsu: Macroeconomics for Tech Employees - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/7f0791ef-1643-4587-92a7-38bee3315ed7/Part+1+Thiel+4.png Essays - American Zaibatsu: Macroeconomics for Tech Employees - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/7b211ee3-4ccc-43c0-9b73-699bbd05a5a6/Always+Has+Been+Apple.png Essays - American Zaibatsu: Macroeconomics for Tech Employees - Make it stand out Using a Standard Oil logo instead of Apple’s may have been more ironic, but would’ve felt very 20th century https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/c911fac1-4f7d-4045-a954-debb5a26d0d2/Part+5+zillow_yolo.png Essays - American Zaibatsu: Macroeconomics for Tech Employees - Make it stand out Note the x-axis on home value here is not linked to the previous 3 charts — Zillow only provides data since 2000, and the current data is through December ’21. Average home value increases over the last 2 years were equal to Home Value increases in the 6 year period between May ‘13 → Dec ‘19 source https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/fce7282e-6863-414d-9930-db06ab31bbd5/Part+2+money_shot.png Essays - American Zaibatsu: Macroeconomics for Tech Employees - Make it stand out Each coloured sliver represents the dollar-value of a public company’s equity. The nations are still ordered by GDP, as before. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/59f2ecdc-c601-42e1-9939-bef0d95aab1e/Part+1+Thiel+2.png Essays - American Zaibatsu: Macroeconomics for Tech Employees - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/6b72c06f-86e4-4153-8a21-df6f50cdbdde/Part+5+get_zuccd.gif Essays - American Zaibatsu: Macroeconomics for Tech Employees - Make it stand out *unless you’re Eduardo Saverin, in which case lawyer up. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/6f18cf08-c742-41cc-be34-8f3260d36c16/Part+5+germans_can_be_fun.png Essays - American Zaibatsu: Macroeconomics for Tech Employees - Make it stand out The goal is to leave your competition in the pictured state. source https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/5f919aad-ea42-462c-bb8e-dbb1a13a81ee/Appendix2.png Essays - American Zaibatsu: Macroeconomics for Tech Employees - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/cd66bfe7-667c-4b9d-857f-763fac6344c6/Part+5+this_is_normal.png Essays - American Zaibatsu: Macroeconomics for Tech Employees - Make it stand out The time period on the x-axis above exactly matches the 2 charts above, to the day. Scrolling up/down should link them together if your browser settings are the same as mine https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/17dea58a-211e-4d2f-becf-9578e2dc3a5b/Part+1+Always+Has+Been+East+India+Company.png Essays - American Zaibatsu: Macroeconomics for Tech Employees - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/61117ea2-633d-451b-a381-172dc92dcd3b/Part+5+pls_dear_god_grow.png Essays - American Zaibatsu: Macroeconomics for Tech Employees - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/dc1ee5e8-b3fe-4808-b8ef-abdb8a202f84/Part+1+Yegge+Rant+1.png Essays - American Zaibatsu: Macroeconomics for Tech Employees - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/93c118c1-0d70-44b0-87ee-7ce272e4278f/Part+I+Thiel+1.png Essays - American Zaibatsu: Macroeconomics for Tech Employees - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/7136ceb8-f87c-4ddd-b3d8-f8c9b03d02f8/Part+2+Post-war+era.png Essays - American Zaibatsu: Macroeconomics for Tech Employees - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/b6ecbcc2-ca65-498c-9398-5ac01c806647/Part+5+bullseye.png Essays - American Zaibatsu: Macroeconomics for Tech Employees - Make it stand out source https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/f689c711-fa17-42a0-847f-692a875bca3c/Part+5+your_ceo.png Essays - American Zaibatsu: Macroeconomics for Tech Employees - Make it stand out Pictured: your boss, your investors, your customers, you & your fellow employees, and some journalists (back right) https://www.conradbastable.com/essays/video-games-professional-society-what-older-generations-dont-understand-about-gaming monthly 0.5 2022-07-04 https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1631132781817-YIPZY9WPR3TX0FQQ6TBR/game_on.gif Essays - Video Games &amp; Professional Society: What Older Generations Don’t Understand About Gaming - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1631132433448-T146DUSUH7GIOGVYID1D/golden_rule.png Essays - Video Games &amp; Professional Society: What Older Generations Don’t Understand About Gaming - Make it stand out source https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1631132561794-GMY4H423MNLS4X0DK704/are_ya.jpeg Essays - Video Games &amp; Professional Society: What Older Generations Don’t Understand About Gaming - Make it stand out “We do these things not because they are fun, but because they are steps on the journey.” https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1631132694679-YG1YXFN11PHO7XPDUVVL/boomer_ceos.png Essays - Video Games &amp; Professional Society: What Older Generations Don’t Understand About Gaming https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1631132695143-JI983J7BD1ZU672OCXTC/boomer_presidents.png Essays - Video Games &amp; Professional Society: What Older Generations Don’t Understand About Gaming https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1631132694701-1KSV33KATM134Y953QN2/boomer_lawyers.png Essays - Video Games &amp; Professional Society: What Older Generations Don’t Understand About Gaming https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1631131963404-LA338JW2WGDS36UG0VY9/juggle.gif Essays - Video Games &amp; Professional Society: What Older Generations Don’t Understand About Gaming - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1631131894341-QB8ZHF6L0A29KHWB2YNQ/play_to_win.png Essays - Video Games &amp; Professional Society: What Older Generations Don’t Understand About Gaming - Make it stand out You can read Sirlin’s book for free (link) on the important facets of competitive gaming, on fundamentals, on sequencing of fundamentals, on creative remixing of sequences, on vision and reading your opponent. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1631132358350-DITSEBSIYELWPRQPPTSL/eve_carpenter.png Essays - Video Games &amp; Professional Society: What Older Generations Don’t Understand About Gaming https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1631132358540-NSB5FQ5ADLKEWECPLIVA/eve_cloaky_camper.png Essays - Video Games &amp; Professional Society: What Older Generations Don’t Understand About Gaming https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1631132359644-VMTIMS311H7V3ND1MFU2/eve_trader.jpeg Essays - Video Games &amp; Professional Society: What Older Generations Don’t Understand About Gaming https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1631131710264-U192VTKRHD408JW9MOZ3/wsj.png Essays - Video Games &amp; Professional Society: What Older Generations Don’t Understand About Gaming - Make it stand out source https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1631132270231-N6JYBFNMKGCGDHTQ5MVY/mission_accomplished.jpeg Essays - Video Games &amp; Professional Society: What Older Generations Don’t Understand About Gaming - Make it stand out This image is more apt than it first appears…there is no real end to your Mission. The struggle begins again soon after you succeed. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1631132046824-GY2XXJD7WAS18FN291IC/curve_good.png Essays - Video Games &amp; Professional Society: What Older Generations Don’t Understand About Gaming https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1631132046776-Q3AHCNSZHCMS80MYFMQD/curve_bad.png Essays - Video Games &amp; Professional Society: What Older Generations Don’t Understand About Gaming https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1631132159008-I2C5WYPFWCTP0ARLQTQM/wartime_ceo.png Essays - Video Games &amp; Professional Society: What Older Generations Don’t Understand About Gaming - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1631132829832-4JTG6RQHQE2OTMRYEN08/boyd.png Essays - Video Games &amp; Professional Society: What Older Generations Don’t Understand About Gaming - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1631225702037-TZUY1JZ75M5LZTIIQ010/playing_house.PNG Essays - Video Games &amp; Professional Society: What Older Generations Don’t Understand About Gaming - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://www.conradbastable.com/essays/elite-underproduction-why-we-cant-solve-hard-problems-anymore monthly 0.5 2022-07-16 https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1623369898837-HBWMGD255LGM417S2QQ2/metagaming.PNG Essays - Elite Underproduction: Why We Can’t Solve Hard Problems Anymore - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1619907367807-FNLFDDN1PMY28LWRBAPL/aci.png Essays - Elite Underproduction: Why We Can’t Solve Hard Problems Anymore Read here for more on what this chart shows & what it means to be able to consume more than you produce — obviously this is a very different but very interesting topic! https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1619907659052-SKHSIVNPE75QP4PENX47/mad_engineer.png Essays - Elite Underproduction: Why We Can’t Solve Hard Problems Anymore A totally arbitrary hypothetical in which the background Financial situation undermines value creation for the builder. Read more here. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1619907319745-U8F80RSQ27GW0K1AZ6TF/carnegie_quote.png Essays - Elite Underproduction: Why We Can’t Solve Hard Problems Anymore Andrew Carnegie’s autobiography, shoutout Jason Crawford for sharing this tidbit https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1619933048290-FC4USC4B5LJ8Q535QHGY/comment_vs_make.PNG Essays - Elite Underproduction: Why We Can’t Solve Hard Problems Anymore https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1619908307104-HMMEKUMZALXVI0IRWFWD/notes_samzdat.png Essays - Elite Underproduction: Why We Can’t Solve Hard Problems Anymore https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1619907160673-L8BE9G0PWJ9P33QG4MFE/outcome_2.png Essays - Elite Underproduction: Why We Can’t Solve Hard Problems Anymore “If we solve initial financing considerations, the rest will take care of itself” https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1619907754168-H4440D2V6B3GYJYLBH8A/asian_crisis.png Essays - Elite Underproduction: Why We Can’t Solve Hard Problems Anymore In such a scenario, it would be shocking not to see sharply negative Financial Outcomes! source https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1619907864038-GR4U1VXG7DCJKEZQ4F5E/asian_crisis_new_york.png Essays - Elite Underproduction: Why We Can’t Solve Hard Problems Anymore Apologies for the tinfoil-hat diagramming here — this is my best attempt at laying out the current New York School mental model of what happened circa 1997 in Asia [3] https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1619907409595-2CDMBD18QQNLYVR0TMWG/outcome_muddled.png Essays - Elite Underproduction: Why We Can’t Solve Hard Problems Anymore https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1619908275078-3IDP0OBHTDFMXXGZVB0B/notes_seeing_state.png Essays - Elite Underproduction: Why We Can’t Solve Hard Problems Anymore https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1619907512618-OSW9C2N1X0UE6XXX8QB0/outcome_san_fran.png Essays - Elite Underproduction: Why We Can’t Solve Hard Problems Anymore Rule #1: Everything begins in the green circle. There are no other rules. Begin by doing. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1619907042177-98GHRCQV2YK42N6D1BBO/dumbledore.png Essays - Elite Underproduction: Why We Can’t Solve Hard Problems Anymore https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1623097777256-E8C5Y30XJP4AJVQTONM7/alchemy.PNG Essays - Elite Underproduction: Why We Can’t Solve Hard Problems Anymore - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1619908195979-Z3BA92UU9WZIFZVV4MUH/notes_byrne.png Essays - Elite Underproduction: Why We Can’t Solve Hard Problems Anymore https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1619907198465-8WIX80YT0MDCDU4HK1V3/outcome_3.png Essays - Elite Underproduction: Why We Can’t Solve Hard Problems Anymore “If we build the best product, we’ll all get rich” https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1619907957560-9AXJDR307IJQSIJA6WFM/japan_housing.png Essays - Elite Underproduction: Why We Can’t Solve Hard Problems Anymore https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1619907123450-N9F253WL2TLH3QT57Z8C/outcome_full.png Essays - Elite Underproduction: Why We Can’t Solve Hard Problems Anymore https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1619907707306-66TBH29JLWS8I493UG0Y/zenn_diagram.png Essays - Elite Underproduction: Why We Can’t Solve Hard Problems Anymore The Zenn Diagram https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1619907917430-ZDPW1A74RXMRT6H6QEIC/trade_war_issues.png Essays - Elite Underproduction: Why We Can’t Solve Hard Problems Anymore Read more on “The Currency Problem” that plagues Industrial economies here https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1623099733481-LEC4BXGW66VM89HJE55M/japan_stonks_figma.jpg Essays - Elite Underproduction: Why We Can’t Solve Hard Problems Anymore - Make it stand out Please note the y-axis is plotted on a log scale. Red lines correspond to roughly the same time period https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1619908051266-N2DR586430POQTD02AET/outcome_loopy.png Essays - Elite Underproduction: Why We Can’t Solve Hard Problems Anymore https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1619907611731-1O537QK6C7V4S1RKY5K7/outcome_muggled.png Essays - Elite Underproduction: Why We Can’t Solve Hard Problems Anymore https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1623353915550-DLUP37RRMPET7BAC6OF7/san_fran_pack.png Essays - Elite Underproduction: Why We Can’t Solve Hard Problems Anymore Pictured: San Francisco School Starter Pack https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1619907821684-U3NZ9SBHLNF7NHSBKBTJ/currency_shares.png Essays - Elite Underproduction: Why We Can’t Solve Hard Problems Anymore https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1623092838454-8SO0ZLAKOENJUG0ATATO/compounding.png Essays - Elite Underproduction: Why We Can’t Solve Hard Problems Anymore - Make it stand out “All the pain, none of the gains.” source https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1623355456000-WIAPDAHGM1HCIECXKZTU/metagaming.PNG Essays - Elite Underproduction: Why We Can’t Solve Hard Problems Anymore - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1623092377454-USOUSGCI5Y7GU2HJU5J4/outcome_4.png Essays - Elite Underproduction: Why We Can’t Solve Hard Problems Anymore - Make it stand out San Francisco / Warriors-Tony Stark https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1623100079684-TVHFH8DOCK5N620RUTGH/incremental_value_adds_up.png Essays - Elite Underproduction: Why We Can’t Solve Hard Problems Anymore - Make it stand out This sort of stuff has a large impact on real estate prices in your major Financial Center & primary city source https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1619907282245-TRIFMNIYC9LHZ2IDMYRH/new_york_pack.png Essays - Elite Underproduction: Why We Can’t Solve Hard Problems Anymore Pictured: New York School Starter Pack https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1623357539163-TY3DBTQAYPI2D4UPLSAG/200+years.PNG Essays - Elite Underproduction: Why We Can’t Solve Hard Problems Anymore - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1619907090902-YO9Q1BKRXQRW8PD5JYN5/outcome_1.png Essays - Elite Underproduction: Why We Can’t Solve Hard Problems Anymore New York / Yankees-Dumbledore https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1623092206677-QBBCIDSNQ1T9D7UWSJGR/outcome_full.png Essays - Elite Underproduction: Why We Can’t Solve Hard Problems Anymore - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1619908241442-WY8BN1NRRBID4CNWI0MP/notes_knowledge.png Essays - Elite Underproduction: Why We Can’t Solve Hard Problems Anymore “Attempts to position metis, phronesis, techne and episteme” from Baumard 1994 Baumard’s diagram which represented the four Greek forms of knowledge along two continua… source https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1619907453885-9EM9QUGDCR1VQZ3IRUPQ/new_york_production.png Essays - Elite Underproduction: Why We Can’t Solve Hard Problems Anymore Pictured: The Product Creation Process as seen by The New York School https://www.conradbastable.com/essays/ouroboros-theory monthly 0.5 2023-12-23 https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1604256158155-TU3P13TGNYA5C2VB9QX0/image-asset.png Essays - Ouroboros Theory: Describing The Nature of Right vs. Left https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1604257209426-2WPCF9ZYB5WKII2EB4NB/colonialism.png Essays - Ouroboros Theory: Describing The Nature of Right vs. Left https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1604257072099-FG9YCOFAYSBEEN2MOI5V/sowell.png Essays - Ouroboros Theory: Describing The Nature of Right vs. Left Example of a well-researched book by a Right-Wing intellectual covering a Right-Wing worldview of injustices https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1604256474542-6O9GSXTC7FPH1OEEFJEL/tweet.png Essays - Ouroboros Theory: Describing The Nature of Right vs. Left link to thread https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1604256819533-SQEFRULNMQM9E5EAK0HC/naval.png Essays - Ouroboros Theory: Describing The Nature of Right vs. Left source https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1604257349983-JHKL1IVGYYNOZ5ZYUHYA/kaladin.png Essays - Ouroboros Theory: Describing The Nature of Right vs. Left Past failures are a never-ending source of unsolvable agony https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1604257860321-92T0R8ETDFB5309GLEOB/Ourobos.jpeg Essays - Ouroboros Theory: Describing The Nature of Right vs. Left https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1604256259325-291IJMNYH86OMZP0GIU7/full_of_terrors.gif Essays - Ouroboros Theory: Describing The Nature of Right vs. Left https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1604257804710-83KCAC42V89TG88YOPKV/political_compass.png Essays - Ouroboros Theory: Describing The Nature of Right vs. Left source https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1604257515357-0LDAWMY2A4ZQ18HQNRPF/Ourobos.jpeg Essays - Ouroboros Theory: Describing The Nature of Right vs. Left Horseshoe Theory is a static representation of this symbiosis, “Ouroboros Theory” is how it plays out across time https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1604256532396-1NZ3EY9S41XSJS0V8SX3/40k.jpeg Essays - Ouroboros Theory: Describing The Nature of Right vs. Left Visions of the future only bring despair https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1604257118170-AAIUCS2JJCWWRFK0H93N/lady_justice.png Essays - Ouroboros Theory: Describing The Nature of Right vs. Left Lady Justice, the Roman Goddess — blindfold first added in the 1500s by a Swiss sculptor, perhaps not unrelated to the timing of the subsequent Enlightenment https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1604257565660-K7M2UY3YFMEO0ENMB4OW/falcon_heavy.png Essays - Ouroboros Theory: Describing The Nature of Right vs. Left Pictured: the Narrative war between Right & Left https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1604257611566-S5E80RIVSET13DTCCJM3/j-curve.jpeg Essays - Ouroboros Theory: Describing The Nature of Right vs. Left Pictured: progress. The part below the x-axis is all we ever see of our opponents. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1604257178732-TAJA8OGGQ8D23GBVMB29/nihilism.png Essays - Ouroboros Theory: Describing The Nature of Right vs. Left https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1604257313146-MSGHXW7UGSM86RLD4JTQ/revised_conquest_law.png Essays - Ouroboros Theory: Describing The Nature of Right vs. Left The exception to the revised rule is death: every institution that actually overcomes the struggle of its Founding conditions becomes Left-Wing eventually — the rest die https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1604256652376-4NYDLS2Y77JLM9VDV6XW/kinetic_energy.gif Essays - Ouroboros Theory: Describing The Nature of Right vs. Left In 1992 we recorded video of an asteroid that broke apart and impacted Jupiter (bottom-left). Jupiter is ~11x larger than Earth — making that fireball about the same size as our home planet. Fun fact? The rock that killed the dinosaurs was about 3x larger than this rock, so these sorts of things really do happen https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1604256734802-UN61WKCS6FMUTJNTE4RM/xenos.png Essays - Ouroboros Theory: Describing The Nature of Right vs. Left This coffee mug is more complex than that noise https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1604256233908-M7KPK8SS8J5YGVG1FQBZ/shield.gif Essays - Ouroboros Theory: Describing The Nature of Right vs. Left https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1604257666959-CMMT9TEPQXHBV7LMCOVQ/bubbles.png Essays - Ouroboros Theory: Describing The Nature of Right vs. Left source https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1604256805333-273I815SVJLNXTKK1SWY/wash.jpeg Essays - Ouroboros Theory: Describing The Nature of Right vs. Left President Washington’s farewell address https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1604256968908-ODSEAOLGQX3UZGW9BYYE/millenials.jpeg Essays - Ouroboros Theory: Describing The Nature of Right vs. Left https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1604257472151-EA6HY0R87E3M9OG7SUAW/helter_skelter.jpeg Essays - Ouroboros Theory: Describing The Nature of Right vs. Left Pictured: society (also I grew up near this cathedral and this picture is a hilarious metaphor) https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1604257240392-X32M4TZVTNL06Z92S8AM/chains.jpeg Essays - Ouroboros Theory: Describing The Nature of Right vs. Left "Examining the mechanism, we must admit it was a safe thing to trust in securing merchandise such as Margaret Toogood.” — Margaret Toogood was the last slave in Maryland. This sentence was written by the wife of the man who freed her. Mere merchandise. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1604257442312-RVPX81D2XFK3GZYLT05W/tutu.png Essays - Ouroboros Theory: Describing The Nature of Right vs. Left https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1604257028342-FYIO360XA14GH7WGVSGX/economic_justice.png Essays - Ouroboros Theory: Describing The Nature of Right vs. Left (I’m picking an example here that is likely to make the largest number of Right-Wing-leaning people recoil in disgust, hopefully triggering an admission of the disconnect between their views of ‘Justice’ and others’) https://www.conradbastable.com/essays/unequal-growth-the-zero-sum-games-you-dont-see monthly 0.5 2024-09-09 https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1592948835893-QFJVF9OCFCL6TH80T5LD/3_dogs_1_meals.gif Essays - Unequal Growth: The Zero-Sum Games You Don’t See https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1592950399983-46DB73X0B3F2IM2DXGFL/japa-.png Essays - Unequal Growth: The Zero-Sum Games You Don’t See https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1592947802853-Y5OXQLUBRG6RCJXFW8L8/contraction_table_1_offset.png Essays - Unequal Growth: The Zero-Sum Games You Don’t See https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1592950529985-F600QAE9CUKH319OQYIZ/1996_vs_2018.png Essays - Unequal Growth: The Zero-Sum Games You Don’t See https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1592948309300-BLYAZVLFLMUN4A4R6CBM/1996_pre_crisis_exports_to_usa.png Essays - Unequal Growth: The Zero-Sum Games You Don’t See It’s hard to notice, seems like such a small thing really, but this is what the beginning of Industrial irrelevance looks like. Market leaders throughout history have failed to notice such small blips before, usually right before their fall. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1592947540891-RYLM1130EQ0GLD510YK0/growth_scale_contribution_1.png Essays - Unequal Growth: The Zero-Sum Games You Don’t See Zero adjustments made to this data and an R2 of 0.95! This data includes all 182 countries (except Iraq, for whom no data is available), and gives us an unbelievably good fit on the linear regression. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1592949969021-4FTHL41YAL1LWN6PPVOK/contraction_table_4_conractors.PNG Essays - Unequal Growth: The Zero-Sum Games You Don’t See In all, 130 nations saw y-o-y GDP declines in 2015! https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1592947648849-6X4D15G9BHXE0KE57PDH/growth_scale_contribution_1-2.png Essays - Unequal Growth: The Zero-Sum Games You Don’t See https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1592950366112-U0UABKM7DNFUHCDYA8JJ/eu_phone.png Essays - Unequal Growth: The Zero-Sum Games You Don’t See reminder: All of Europe’s GDP shrank in 2015 source https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1592947088207-PYY40TDSWSOVD0OWJJFR/4+periods.png Essays - Unequal Growth: The Zero-Sum Games You Don’t See https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1592946388729-8M3M0XH81VEBG3P23K8T/Growth+Inequality.png Essays - Unequal Growth: The Zero-Sum Games You Don’t See click to embiggen — left pie chart is 1999-2008, right pie chart is 2009-2018, to reflect the most recent publicly available data https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1592950029843-HZ27SM2J75LM5LFOHAVR/contraction_table_4_offset.png Essays - Unequal Growth: The Zero-Sum Games You Don’t See obviously this doesn’t come close to offsetting the collapse that happened everywhere else https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1592947286711-I0PW1LXFMAIY1Q8ER8TH/growth_pie_1.png Essays - Unequal Growth: The Zero-Sum Games You Don’t See https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1592949222287-8KKPX9N81WLS3H1RTTTL/growth_table_2.png Essays - Unequal Growth: The Zero-Sum Games You Don’t See "% of total” difference between the pie chart and the table here is because the table includes all 182 nations while the pie chart is just looking at the top 20 https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1592950184660-PQDVC5U91C4WGPVYWLLF/coyote.gif Essays - Unequal Growth: The Zero-Sum Games You Don’t See https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1592948633721-KXG08OSPTDWC3B4ZA4V1/2001_juxtaposed_views.png Essays - Unequal Growth: The Zero-Sum Games You Don’t See The Positive-Sum view notes that if you step back far enough, things as-a-whole trend upwards. The Zero-Sum view agrees — but notes that if you look closely, there’s not a single year where all 4 nations grew as much as the market. In every year you can spot a clear “loser”. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1592950569875-3J47573Q0HCFEXXIJOP4/growth_scale_contribution_4.png Essays - Unequal Growth: The Zero-Sum Games You Don’t See https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1592948466997-L7OSJRS35X9ZFUA1WSG0/2001_overview.png Essays - Unequal Growth: The Zero-Sum Games You Don’t See https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1592949309518-ECLR1ZSJ0CQYGLM67AND/growth_scale_contribution_2.png Essays - Unequal Growth: The Zero-Sum Games You Don’t See https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1592949560791-YOQ4P7XJE69QTUHZ7MRG/growth_table_3.png Essays - Unequal Growth: The Zero-Sum Games You Don’t See rip 2002-2008 equality https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1592950489756-NTBP0CWZ9C5CO6AWNQMG/growth_table_4.png Essays - Unequal Growth: The Zero-Sum Games You Don’t See (when including all 181 nations) https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1592948704525-7OWDIBQCWIG362LEUATT/contraction_table_2_offset.png Essays - Unequal Growth: The Zero-Sum Games You Don’t See https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1592949372096-F40FK6J1PYJDIJO1MT6Q/image-asset.png Essays - Unequal Growth: The Zero-Sum Games You Don’t See https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1592949450543-W9AR91O2U5EJSDNUSSOJ/contraction_table_3_offset.png Essays - Unequal Growth: The Zero-Sum Games You Don’t See https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1592948076728-4ECNU5OOXQL5WZ16O8H6/1996_yoy_growth_in_exports.png Essays - Unequal Growth: The Zero-Sum Games You Don’t See Pictured: a decent year, pre-crisis, according to Global GDP. “Other Asia, nes” refers almost entirely to Taiwan, which the World Bank is disallowed from naming directly due to the intersection of small politics and big egos https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1592948501702-8YOYYF2T9LOQCB9FWR2J/contraction_table_2_conractors.png Essays - Unequal Growth: The Zero-Sum Games You Don’t See A note on the data in this table: [0] https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1592948585779-RJCWD2AJELPC0WB0K1YO/image-asset.png Essays - Unequal Growth: The Zero-Sum Games You Don’t See https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1592947842745-KUQI1GFW9IRWLJ5HNPWF/shopping_time.gif Essays - Unequal Growth: The Zero-Sum Games You Don’t See Industrial goods are on sale! https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1592948596982-T7M3GOE4SPRS0H0NG9E7/image-asset.png Essays - Unequal Growth: The Zero-Sum Games You Don’t See https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1592949526690-9V8XANBOB41VPSF4JQEC/image-asset.png Essays - Unequal Growth: The Zero-Sum Games You Don’t See https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1592949604192-DL3VBPUW2F9ZN8MK8X5K/growth_scale_contribution_3.png Essays - Unequal Growth: The Zero-Sum Games You Don’t See click to embiggen https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1592948993286-MFKJ806O1JR8JS368YKK/tariff_mfn.png Essays - Unequal Growth: The Zero-Sum Games You Don’t See No comment on the human rights stuff… source https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1592946802203-7ES0EAI915QEJBANPACE/Overview.PNG Essays - Unequal Growth: The Zero-Sum Games You Don’t See I’m counting 1998 & 2001 as 2 back-to-back Contractions https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1592949123795-OTEHF92FN381EI3WV78L/another_one%21.png Essays - Unequal Growth: The Zero-Sum Games You Don’t See oh no… https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1592949409558-OLINFR51EP8QN1A10NI5/contraction_table_3_conractors.png Essays - Unequal Growth: The Zero-Sum Games You Don’t See https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1592947361661-SA1FA3C7CQNURPIDYRGD/growth_table_1.png Essays - Unequal Growth: The Zero-Sum Games You Don’t See The other 174 countries are quite literally rounding errors https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1592947929582-U39N9STSIS12MQPW2SK0/currency_havoc.png Essays - Unequal Growth: The Zero-Sum Games You Don’t See https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1592946878190-LCWXF72RWW4ZOXDLK2R3/money_shot.png Essays - Unequal Growth: The Zero-Sum Games You Don’t See $ are in Billions of constant-2018 USD. I made this by summing the GDP of every nation in the WorldBank data set (~180 countries). https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1592947742521-K2Y873YPDV2STZ1OVFTG/contraction_table_1_conractors.png Essays - Unequal Growth: The Zero-Sum Games You Don’t See yes, that is an impressive $800 Billion decline in Japan’s GDP https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1592948369193-1HLCLKRMGHLWVAYQA6UO/japan_be_like.png Essays - Unequal Growth: The Zero-Sum Games You Don’t See Shoutout SoftBank https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1592948257812-CJ0IVWJ6TKI10G2Z95UW/1996_us_growth.png Essays - Unequal Growth: The Zero-Sum Games You Don’t See Point being: the US buys more stuff than ever before from other nations (blue bar), both in absolute terms and as a percentage of its GDP https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1592949794278-TQADTLX400JH52JEV7PO/mates_like_greece.gif Essays - Unequal Growth: The Zero-Sum Games You Don’t See https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1592950302244-UKL46W8NITTDS76RP6G7/in_the_bleak_midwinter.png Essays - Unequal Growth: The Zero-Sum Games You Don’t See That’s 8 years of running in place. “In the bleak midwinter…” — y-axis is in Billions of constant-2018 USD https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1592950447356-XXTGZN6XQUFBNU4JM8Y3/image-asset.png Essays - Unequal Growth: The Zero-Sum Games You Don’t See https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1592947888378-PV3TTSPWMS5ZFHUETV4Q/china_vs_india_gdp_split.png Essays - Unequal Growth: The Zero-Sum Games You Don’t See re-using this image from an earlier essay to highlight the apparent inflection in China’s growth curve precipitates the 1997 crisis https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1592947026288-R4OJ2JY06TID4ONXJCRH/boring_overview.png Essays - Unequal Growth: The Zero-Sum Games You Don’t See click to embiggen -- I included year-over-year growth, as well as 2-year and 3-year growth to show longer-term trends https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1592949175496-0Y3I0P9SIQE4DBAV9I8Y/growth_pie_2.png Essays - Unequal Growth: The Zero-Sum Games You Don’t See I tried to keep every country in the same place & with the same color as Growth Period 1 https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1592949695361-5ZSQOZFT925FPJGA5M2I/fast_furious.gif Essays - Unequal Growth: The Zero-Sum Games You Don’t See Pictured: USA & [Japan -> China] https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1592949755555-9C82TN91DH83RQ140PQJ/2015_lolz.png Essays - Unequal Growth: The Zero-Sum Games You Don’t See https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1592948409073-YCCVTY3MQJC79SBLAKG2/1996_share_of_export_increase.png Essays - Unequal Growth: The Zero-Sum Games You Don’t See https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1592949052853-R1XL1FD1MVOVCN5UBR0E/tariff_surprised_pika.png Essays - Unequal Growth: The Zero-Sum Games You Don’t See This meme is of course the naive position, which assumes the surprise at Japan’s difficulties is genuine, and that nobody in the administration noticed the timing of implementing trade barriers on one partner and trade accelerants on others https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1592950661337-46EO5ORUVJXS4KO62ABV/incremental_value_adds_up.png Essays - Unequal Growth: The Zero-Sum Games You Don’t See Citizens, corporations, and governments have the opportunity to capture all that incremental value in the US. Each of those 3 categories is perpetually unhappy with the amount they are actually able to capture…but at least it’s there. Don’t take it for granted. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1592948904218-SSL2U8TC8E3C86U5OTFJ/tariff_bikes.png Essays - Unequal Growth: The Zero-Sum Games You Don’t See https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1592948904289-6TO3POGO0Z4ZPLM5QOS8/tariff_cars.png Essays - Unequal Growth: The Zero-Sum Games You Don’t See https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1592948904546-YSMMP41WADIUK7XXEM91/tariff_pcs.png Essays - Unequal Growth: The Zero-Sum Games You Don’t See https://www.conradbastable.com/essays/chinas-trillion-dollar-tech-war-when-to-defend-a-monopoly monthly 0.5 2023-10-24 https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1584298929169-XZ3HJHMP62E8CQNHOGK5/gdp_flex.png Essays - China’s Trillion-Dollar Tech War: When To Defend A Monopoly https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1584298526910-KAY8LCP4Y84573Y3GOKP/google_hub.png Essays - China’s Trillion-Dollar Tech War: When To Defend A Monopoly https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1584298411318-A9YV3EC7CX0833VXFZDL/loseternet.png Essays - China’s Trillion-Dollar Tech War: When To Defend A Monopoly https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1584298841229-JZULEGOVW0SHO6FTW4XF/mary_meeker_top_30.png Essays - China’s Trillion-Dollar Tech War: When To Defend A Monopoly https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1584298841517-C3LGHXHMGK25F5CCINOB/mary_meeker_top_15.png Essays - China’s Trillion-Dollar Tech War: When To Defend A Monopoly https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1584298725422-55IK2537J14Y1DCNJW4D/mary_meeker_top_30.png Essays - China’s Trillion-Dollar Tech War: When To Defend A Monopoly Mary Meeker’s annual Tech Trends report — readers of my last essay might note the total absence of the world’s 4th largest economy on this list. The sum of circled market caps is ~$982B. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1584298014192-DV13KJZOYG1OOYEH0KTL/google_stonk.png Essays - China’s Trillion-Dollar Tech War: When To Defend A Monopoly date range set to 1/10/2010 - 1/10/2012 source https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1584298437316-7FB8LLHG80TJYZBNCOJE/vpn_for_china.png Essays - China’s Trillion-Dollar Tech War: When To Defend A Monopoly See note [2] for a simple summary of how a VPN works https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1584297774677-ECEVNYJQD7FLNOO3BKL4/literally_firewalled.png Essays - China’s Trillion-Dollar Tech War: When To Defend A Monopoly Date: 2015; Symbolism: heavy; Facebook chances in China: zero https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1584298477384-RGV5CC031L5HDQQO5IOO/great_fire_wall.png Essays - China’s Trillion-Dollar Tech War: When To Defend A Monopoly Of course the second “PC” does not actually exist, it’s just a server source https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1584298354215-JTNZDYBQFR2M8N2FSZZO/winternet.png Essays - China’s Trillion-Dollar Tech War: When To Defend A Monopoly source https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1584298988092-T4UT6WMG41COW32ATB3K/mens_et_manus.png Essays - China’s Trillion-Dollar Tech War: When To Defend A Monopoly https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1584297875025-5DZVSCGK0L9A65XU9MJ6/google_surrender.png Essays - China’s Trillion-Dollar Tech War: When To Defend A Monopoly The instinctive decision to place their censorship-dodging servers in neighboring Hong Kong should not be ignored either — it should help “contextualize” China’s recent attempts to exercise political power over Hong Kong source https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1584298663770-MXCFA67TP1D5RI1PCEM1/imperialism.jpeg Essays - China’s Trillion-Dollar Tech War: When To Defend A Monopoly Pictured: trying to sell product to Chinese citizens in the 1800s https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1584298203457-38WAEPV7VCRZD7QX7Z4M/china_liberalization.png Essays - China’s Trillion-Dollar Tech War: When To Defend A Monopoly “Change is the main event in China, and America should welcome it. Chinese hard-liners will not be able to stop the coming political reform…” https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1584298769687-SAJH8VC4MNQIDCXLHFI8/facecrooked.jpeg Essays - China’s Trillion-Dollar Tech War: When To Defend A Monopoly 2016 really wasn’t that long ago source — and the artist’s website https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1584299027361-HLJK8XV1U8VLAEAI800K/cisco_nsa_partnership.png Essays - China’s Trillion-Dollar Tech War: When To Defend A Monopoly https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1584298599277-6EV4FZMYCFKOUBQJPVML/space_x_fun.jpeg Essays - China’s Trillion-Dollar Tech War: When To Defend A Monopoly https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1584298599289-T23D8OF66DF2IJZTER4K/space_x_math.png Essays - China’s Trillion-Dollar Tech War: When To Defend A Monopoly https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1584298320512-W3J73DQTCYUCFU2U5DMD/googles_secret_weapon.png Essays - China’s Trillion-Dollar Tech War: When To Defend A Monopoly Note the date source https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1584298061740-5L1CWPGJDH1G3S0SYF6P/baidu_stonk.png Essays - China’s Trillion-Dollar Tech War: When To Defend A Monopoly same date range as above source https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1584298263650-OY0KG0OIO9O2BO3MACBV/dont_be_evil.jpeg Essays - China’s Trillion-Dollar Tech War: When To Defend A Monopoly Ideals were part of Google’s founding manifesto. To be clear — conceding to a strong & unyielding Idealist is not “evil”! It’s just sensible. Smart. Rational. Pragmatic. https://www.conradbastable.com/essays/the-germany-shock-the-largest-economy-nobody-understands monthly 0.5 2022-07-16 https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1579039799638-RE5FEGKHRSH8Y76N8XZJ/germany_focus_graph_2017.png Essays - The Germany Shock: The Largest Economy Nobody Understands Pasted the same chart here to aid readability https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1579040655696-0KSLVN3H1REEHSSYSNPT/foreign_exchange_reserves.png Essays - The Germany Shock: The Largest Economy Nobody Understands You read that as “Trillions”, by the way https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1579041149339-VZ99FMIRBVFXUBFMI0VU/inevitable.png Essays - The Germany Shock: The Largest Economy Nobody Understands https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1579041421347-YML1JST7NPQHCOX58SIW/hyperinflation_is_fun.png Essays - The Germany Shock: The Largest Economy Nobody Understands Pictured: unstable prices. Not pictured: what came next. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1579040303652-4NGME4CHIBXVHII6C1WP/manufacturing_exposure.png Essays - The Germany Shock: The Largest Economy Nobody Understands “Geographic Exposure to Trade Shocks at the Commuting Zone (CZ) Level” Note that those brown areas are bigger than most European countries. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1579041056073-948NJTQ4V3OGKTBIEJZQ/yen_dollar_exchange_rates.png Essays - The Germany Shock: The Largest Economy Nobody Understands Red line = what it costs to make stuff, Blue line = what you sell it for. Gap between the two == the opposite of profit. source https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1579041287110-72XU9VHI03RN453YE1MG/industrial_ussr.png Essays - The Germany Shock: The Largest Economy Nobody Understands Circled: lots of cheap labour & idle factories https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1579040064148-V5J9SKZTXJ6SN4699189/germany_china_usa_case_study_choice.png Essays - The Germany Shock: The Largest Economy Nobody Understands https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1579040547895-31WUXPG1SMBR2ILMJH0T/scrooge.png Essays - The Germany Shock: The Largest Economy Nobody Understands I’m not kidding, this was actually their whole strategy. Unironically. Also, note how ripe for political abuse this sort of fiscal policy can be in a democracy — voters can be fooled that your policies are working by the actions of a few bankers and couple of newspaper headlines https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1579041770989-BHZZTE66BNNHIZ00DJE0/the_euro.jpeg Essays - The Germany Shock: The Largest Economy Nobody Understands Pictured: just a meme that made me laugh https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1579041094246-0R0JEZ4VI8YINQMIJLQR/japanese_electronics_industry_collapse.png Essays - The Germany Shock: The Largest Economy Nobody Understands Pictured: (╯°□°）╯︵ ┻━┻ source https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1579042055301-JWUDKP713Z1UEYD3WW5N/image-asset.png Essays - The Germany Shock: The Largest Economy Nobody Understands The density of roads (transportation networks) should tell you how German Imports & Exports are getting in and out of Germany — and who is able to benefit by making a market for them and taking a small slice. The number of cities that Google’s algorithms choose to show for each nation at the same level of zoom is also deeply revealing about the distribution of economic-relevance. Paris looks lonely indeed. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1579040918458-P6E15F6VMGKW0CMNCBP1/reserve_currencies.png Essays - The Germany Shock: The Largest Economy Nobody Understands Compare 1995 Pound/Franc/Mark Reserve Holdings to today’s Euro holdings to put 2 + 2 together (click to embiggen) https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1579041005073-THX1LDY0BL7VRSP7WWY1/water_fire.gif Essays - The Germany Shock: The Largest Economy Nobody Understands You might get a big spark, but those trees are gonna stay wet — too wet to catch fire https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1579041874407-CP0ESJOH9KAB61AJIUCO/germany_focus_graph_2017.png Essays - The Germany Shock: The Largest Economy Nobody Understands This is the chart from the beginning of this essay https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1579041344127-31PQ8W63BPGY3F243PIC/1_euro.png Essays - The Germany Shock: The Largest Economy Nobody Understands https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1579041343780-XP304I4QTDNG14FRYQFC/single_market.png Essays - The Germany Shock: The Largest Economy Nobody Understands https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1579042097476-T8YWLYDCJ740CP7QSNC9/science_of_progress.png Essays - The Germany Shock: The Largest Economy Nobody Understands “Germany: Master of the Industrial Arts” https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1579039682224-P51YYCXU0010QNWEJEPN/core_graph.png Essays - The Germany Shock: The Largest Economy Nobody Understands Barely legible, I know, let me zoom in https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1579041576123-ET5PKU4DNQBXNDT3QWH5/manufacturing_employment.png Essays - The Germany Shock: The Largest Economy Nobody Understands https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1579041617715-LJOMGQHWP8NOIHRBI7E6/german_ancestry.png Essays - The Germany Shock: The Largest Economy Nobody Understands https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1579041936534-FES2MHD2HGZZ059Z4GI1/germany_focus_graph_1993.png Essays - The Germany Shock: The Largest Economy Nobody Understands Note [7] on why Japan had to be cut from the picture (the ’90s weren’t so good for them) https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1579039748726-KEXJ94KGWCQU6AP7V35K/germany_focus_graph_2017.png Essays - The Germany Shock: The Largest Economy Nobody Understands Click to embiggen — The area of each bubble is based on each country’s GDP. See Notes [0] and [1] for data sourcing — I made zero adjustments, these are all World Trade Organization numbers https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1579041475982-KPT523GNU3STGXKGS8UO/industry_consolidation.png Essays - The Germany Shock: The Largest Economy Nobody Understands I hope the parallel between “Industry Deregulation Promotes Company Consolidation” and “National-trade Deregulation Promotes Geographic Consolidation” is somewhat clear. Source here is the Harvard Business Review, so this is pretty mainstream stuff https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1579041194034-4UCYEAQDGCYVRLE2TDAH/musky.jpeg Essays - The Germany Shock: The Largest Economy Nobody Understands Pictured: you for the next 250 words https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1579040510134-H04LDX93Z5JLEUO2BM56/yuan_usd_exchange_rates.png Essays - The Germany Shock: The Largest Economy Nobody Understands In case you’re unfamiliar with this stuff, normal 40-year exchange rate graphs don’t have this many straight lines source https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1579041995574-OVMILXM9ZUEVI68ZTIBU/magic_money_printer.png Essays - The Germany Shock: The Largest Economy Nobody Understands Pictured: The Spanish/Greek/Dutch/UK/French strategy https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1579041235639-E5KFV1E0ZZLLM7LFC8UD/tesla_electric_cars_in_china.png Essays - The Germany Shock: The Largest Economy Nobody Understands Spoiler: if you’ve got a 401k, your retirement money is invested in the stocks of US companies that have been doing exactly this, which makes you an equity holder in CCP Protectionism — make sure to vote in your own best interest! source https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1579039970766-9XX8ETHMVIJED82MWMA8/japan_export_partners.png Essays - The Germany Shock: The Largest Economy Nobody Understands Note the 10x delta between their top customer (USA) and their 12th customer (Indonesia) in the table on the right source https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1579039831791-605SMLPKDKRFR7I2B98V/germany_focus_graph_2017.png Essays - The Germany Shock: The Largest Economy Nobody Understands Re-pasted the same chart here to aid readability https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1579040429978-SE2EJYX11AKD149KB1B9/government_transfer_receipts.png Essays - The Germany Shock: The Largest Economy Nobody Understands sourced from the same paper https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1579039878545-8PRW1C19TFVDEXIZETVR/german_export_partners.png Essays - The Germany Shock: The Largest Economy Nobody Understands Yes, I also think the chart on the left would look better as a pie chart, but the UN pays top dollar to produce these charts and it’d be a shame to recreate it in a more readable format source https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1579041704089-I8CD8RLMKYT2I8I5JOV4/memes_of_production.jpeg Essays - The Germany Shock: The Largest Economy Nobody Understands Germany: “Yes.” https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1579041814286-VUBI6FOXH5D1ABVMJU4W/tesla_electric_cars_in_germany.png Essays - The Germany Shock: The Largest Economy Nobody Understands source https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1579040701542-JR5L8FNNPN8D5JV7BRSF/chinese_money_supply.png Essays - The Germany Shock: The Largest Economy Nobody Understands ~4x increase in Chinese Money Supply since 2009. Some critics have noted that the Chinese response to the 2008 crisis was to print their way out of trouble. I leave whether or not there’s an inflection point here to the reader to decide source https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1579040742335-ORT2QVZDLN156Z3HKEEN/us_money_supply.png Essays - The Germany Shock: The Largest Economy Nobody Understands <2x increase in US Money Supply since 2009 source https://www.conradbastable.com/essays/steelmanning-free-speech-an-argument-for-unfettered-content monthly 0.5 2022-07-04 https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1570651873073-HTSB9TWCBZUKJN7LMO3N/polarized_torpedo_launchers.png Essays - Steelmanning Free Speech: An Argument for Unfettered Content I’m sure things have come together since 2014 though https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1570651683274-DJVOREQHT2ZHDYTABK18/image-asset.gif Essays - Steelmanning Free Speech: An Argument for Unfettered Content https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1570651982829-5EFXMECVYQYIV305MDVS/church_meets_heretic.gif Essays - Steelmanning Free Speech: An Argument for Unfettered Content Beta readers told me they couldn’t recognize a young Alex Jones in this gif https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1570651595346-990VTNQ3IJQK7YCCK76P/gulag.jpeg Essays - Steelmanning Free Speech: An Argument for Unfettered Content Stalin’s Free Speech position is hard to defend… https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1570651741477-97FLKR0HM38PKYUPM9AK/hate_the_pats.jpeg Essays - Steelmanning Free Speech: An Argument for Unfettered Content “Daddy, why do we hate the Patriots?” https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1570652224469-DFRAD322UL5S9BCHELUX/bathing_apes.jpeg Essays - Steelmanning Free Speech: An Argument for Unfettered Content Pictured: us https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1570651528335-J6675DDHKGPMQ6BADH0A/yo_numba.gif Essays - Steelmanning Free Speech: An Argument for Unfettered Content https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1570651460906-E6PI6JWVS87O9ZRRUHX1/variance.png Essays - Steelmanning Free Speech: An Argument for Unfettered Content Picturing the Free Speech Debate: Blue and Red sections here have the exact same average value. By analogy, Blue represents internal Thought and Red represents socially-accepted Speech. The scale & respective Standard Deviations are defined by (y)our Culture. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1570651809363-H1S0QQAHGC5OWC7MUWQC/thou_shalt_not_question.png Essays - Steelmanning Free Speech: An Argument for Unfettered Content https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1570651944466-9ST1Z4ACDVPL9DRJHAEL/unrelated_pic.jpeg Essays - Steelmanning Free Speech: An Argument for Unfettered Content Picture unrelated. Follow me on Twitter btw. https://www.conradbastable.com/essays/steelmanning-censorship-an-argument-for-the-removal-of-content monthly 0.5 2024-09-01 https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1561423200124-9IG5S6Y5URJCQLAXNT3J/shhh.jpeg Essays - Steelmanning Censorship: An Argument for the Removal of Content https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1561616927332-0S5ZFQ58FVX96USHZNVU/bottoms_up.gif Essays - Steelmanning Censorship: An Argument for the Removal of Content https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1561415942461-9Z1Z7OHALHB7YMEG8XZ9/caleb.PNG Essays - Steelmanning Censorship: An Argument for the Removal of Content 6 months of left-wing videos (turquoise) is all it took to turn Caleb Cain from a radical alt-right figure into a left-wing progressive, which you should primarily take as terrifying evidence that a small group of people are incredibly easily swayed by persuasive video content and have abnormally low “ideological inertia” — remember how he became “radicalized” in the first place? No matter where you live, I firmly believe your average friend could watch 500 alt-right videos and not become a Nazi-lite https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1561587324807-GQTENULKVU84EQOBN6KH/values.PNG Essays - Steelmanning Censorship: An Argument for the Removal of Content …this is just for starters https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1561415833881-62NDZHK2PTZQ32JAJXQH/media_wars.png Essays - Steelmanning Censorship: An Argument for the Removal of Content Tweet A Media War beneath a Culture War beneath a Political War beneath an ever-increasing stream of tragedies [see more examples of media-motivated action here] https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1561416034467-0XHI9SN580QZ0W9PGVK8/Bayesian.png Essays - Steelmanning Censorship: An Argument for the Removal of Content Multiplied by 330 million Americans… https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1561416120868-YX92UBQS0PXW9YK51ZVE/precrime.gif Essays - Steelmanning Censorship: An Argument for the Removal of Content Sadly Pre-Crime isn’t perfect…yet: “Pre-crime in criminology dates back to the positivist school in the late 19th century, especially to Cesare Lombroso's idea that there are "born criminals", who can be recognized…” https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1561415617793-3QHX828RMDNJSXM79LE0/krupke.jpeg Essays - Steelmanning Censorship: An Argument for the Removal of Content https://www.conradbastable.com/essays/the-full-stack-of-society-can-you-make-a-whole-society-wealthier-recaps-only monthly 0.5 2019-05-24 https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558654057081-KU4RSVL5RUXEMZCHK665/Industrialism.jpg Essays - The Full Stack of Society: Can You Make A Whole Society Wealthier? [RECAPS ONLY] If you haven’t noticed yet, the right-hand side of each image is a mirror of the left-hand side from the prior Stack, which is why these images are getting more complex (much like society) https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558654099262-WJFX8ZJ0YM9IFF4WSAZX/Globalism.jpg Essays - The Full Stack of Society: Can You Make A Whole Society Wealthier? [RECAPS ONLY] Everybody smiling! https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558653980243-QQE10TQJG7MCQLTRTAIN/Feudalism.jpg Essays - The Full Stack of Society: Can You Make A Whole Society Wealthier? [RECAPS ONLY] I made this high quality picture to explain it for my fellow Millennial readers https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558653953918-FWKFNMTI88L44BSAW3AQ/the_full_stack_of_society.png Essays - The Full Stack of Society: Can You Make A Whole Society Wealthier? [RECAPS ONLY] The Full Stack in all its glory. I like to summarize my essays up-top for people with jobs and/or Social-Media-addictions, but they say a picture’s worth a thousand words so I made this instead. Note: UBI = Universal Basic Income https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558654015508-4IQKJDDMRN6JE0203VQP/Mercantilism.jpg Essays - The Full Stack of Society: Can You Make A Whole Society Wealthier? [RECAPS ONLY] I think this is a decent drawing, but seriously, if you know a better artist, please get them to email me! https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558654145908-Y7CGGJCLSWTKG0IE8N08/the_full_stack_of_society_FINANCIALISM.png Essays - The Full Stack of Society: Can You Make A Whole Society Wealthier? [RECAPS ONLY] https://www.conradbastable.com/essays/the-full-stack-of-society-can-you-make-a-whole-society-wealthier-full-version monthly 0.5 2024-11-23 https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558650517656-H3BMVJ5ARNQTDW9FGDCB/putins_plans.png Essays - The Full Stack of Society: Can You Make A Whole Society Wealthier? [Full Version] Excuse my awesome MS paint skills. All the Oil in the world is buried on the shores labeled “Persian Gulf”. Red border = Russian border, black arrow is over Russian land and points towards the shortest route to get the Spice to Moscow https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558651619159-NNJE5FWN8DSVVYAJFANW/hamilton_ten.jpeg Essays - The Full Stack of Society: Can You Make A Whole Society Wealthier? [Full Version] https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558651533635-KKDQD02S495AVY1270XJ/yer_a_wizard_arry.gif Essays - The Full Stack of Society: Can You Make A Whole Society Wealthier? [Full Version] https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558650752054-9FWM6OT81I41125C1Y60/big_deng.jpeg Essays - The Full Stack of Society: Can You Make A Whole Society Wealthier? [Full Version] https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558650752450-FWL912ORCQWHM3M4JYL8/chinese_factory.jpeg Essays - The Full Stack of Society: Can You Make A Whole Society Wealthier? [Full Version] https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558650778780-HV0J66LXRUL7173UQ1PC/oecd_tax_rates_ireland.png Essays - The Full Stack of Society: Can You Make A Whole Society Wealthier? [Full Version] Source: Red arrows == 4 largest economies in the EU https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558651198476-5WQQMKDIUJK5E39I1P81/Germany.gif Essays - The Full Stack of Society: Can You Make A Whole Society Wealthier? [Full Version] Pictured: Germany negotiating with The Rest of Europe https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558650686352-KM25ZSSWJBKDMR0U1LXF/network_effect_traps.png Essays - The Full Stack of Society: Can You Make A Whole Society Wealthier? [Full Version] See this tweet from Patrick Collison on the geographic stickiness of Economic Networks established under a Feudal system https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558650600821-S9SO8R27OV955PA1WIX1/the_full_stack_of_society_INDUSTRIALISM.png Essays - The Full Stack of Society: Can You Make A Whole Society Wealthier? [Full Version] https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558650276543-92GA9F7ZFFPEBMG4KE1I/the_full_stack_of_society_MERCANTILISM.png Essays - The Full Stack of Society: Can You Make A Whole Society Wealthier? [Full Version] https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558650623307-9BAQDDC9HE3BK9D5231E/factory_1.jpeg Essays - The Full Stack of Society: Can You Make A Whole Society Wealthier? [Full Version] https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558650623383-UMJJ5Z3JZKUTVQT7EIYK/factory_2.png Essays - The Full Stack of Society: Can You Make A Whole Society Wealthier? [Full Version] https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558650624380-S7OEZ0GR6RGUUVXLVIEJ/factory_3.jpeg Essays - The Full Stack of Society: Can You Make A Whole Society Wealthier? [Full Version] https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558651371094-HRYJKG9USWUBRM4CKUQP/actual_individual_consumption_aic.png Essays - The Full Stack of Society: Can You Make A Whole Society Wealthier? [Full Version] "Actual Individual Consumption (AIC) per capita is more than 50% higher in the US than in the European Union as a whole!” Per RandomCriticalAnalysis, who wrote much more than you wanted to know about Health Care costs as they relate to AIC vs. GDP https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558650905822-HAUEU252V8OAQ2STNJYH/chinese_cars.png Essays - The Full Stack of Society: Can You Make A Whole Society Wealthier? [Full Version] If you want to make a trillion dollars selling cars…there’s 2 markets you have to capture. By my napkin math, China has room for growth of 2-8x. The question is: would Tesla be allowed to Capture this market without their commitment to invest $5B+ and create jobs & Wealth on the ground? Is that investment even allowed to be majority-owned, on paper, by US citizens? https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558650121468-1N55F46S9UOBG7XXH9P3/left_response.png Essays - The Full Stack of Society: Can You Make A Whole Society Wealthier? [Full Version] https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558650121475-22EN8S29KLVSWQB2ONTQ/libertarian_response.png Essays - The Full Stack of Society: Can You Make A Whole Society Wealthier? [Full Version] https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558650121809-TORLXWONQYM5P12L6JG7/right_response.png Essays - The Full Stack of Society: Can You Make A Whole Society Wealthier? [Full Version] https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558650557305-S3SICLFP488B8SUBS4OQ/carrier_strike_group.jpg Essays - The Full Stack of Society: Can You Make A Whole Society Wealthier? [Full Version] Pictured: "…after which it was largely replaced by more laissez-faire policies.” https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558650497057-M51EDW47KTKUEF4UF7J8/the_office_1941.gif Essays - The Full Stack of Society: Can You Make A Whole Society Wealthier? [Full Version] A rough day at the Pearl Harbor branch office in the year 1941 https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558651128998-27XWFDVDZ0USUN2Q4SHY/China.gif Essays - The Full Stack of Society: Can You Make A Whole Society Wealthier? [Full Version] Pictured: China’s Growth Plan https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558650306374-NXWLSNDXO15QT6I4KCUL/image-asset.png Essays - The Full Stack of Society: Can You Make A Whole Society Wealthier? [Full Version] A replica 1700s trading ship, used for trading by a private corporation. The red flaps are not decorative: as in nature & Eve Online, “Red Means Dead” https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558650923103-23WV5RDJVW3KVEG2JSJA/hamilton.jpeg Essays - The Full Stack of Society: Can You Make A Whole Society Wealthier? [Full Version] Right. Ctrl-f for “dearness of labour” if you’re curious https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558650157909-0Z652H0JE4GUN0HZMKZC/violent_response.png Essays - The Full Stack of Society: Can You Make A Whole Society Wealthier? [Full Version] This plays as edgy irony to most people Above the API [5 favorites] https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558650203808-G3VCWSED161MOPBMEWSN/starship_voters.gif Essays - The Full Stack of Society: Can You Make A Whole Society Wealthier? [Full Version] “Go Vote!” doesn’t quite have the same rhetoric weight… https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558651108455-6OH7VCAJZFS5GPT10YQY/america.gif Essays - The Full Stack of Society: Can You Make A Whole Society Wealthier? [Full Version] Pictured: America https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558650990253-NEB13S01HV6ZE9I9HJEB/the_full_stack_of_society_GLOBALISM.png Essays - The Full Stack of Society: Can You Make A Whole Society Wealthier? [Full Version] https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558651282807-GS4QY36Y3ZX2B2LJTN0G/the_full_stack_of_society_FINANCIALISM.png Essays - The Full Stack of Society: Can You Make A Whole Society Wealthier? [Full Version] https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558651573179-ACW3J1LCIOEPN5OMZSXO/the_full_stack_of_society.png Essays - The Full Stack of Society: Can You Make A Whole Society Wealthier? [Full Version] https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558650946953-ONOBOPD6CROCPGI002DS/east_india_company.png Essays - The Full Stack of Society: Can You Make A Whole Society Wealthier? [Full Version] Pop Quiz: Why does the US Flag have 13 stripes? Is this not the world’s best ever /r/HailCorporate? https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558651509281-GBS7G6JVCUQ7AEI4I1MR/household_debt_to_gdp.PNG Essays - The Full Stack of Society: Can You Make A Whole Society Wealthier? [Full Version] Source (The growth in the Debt-to-GDP ratio works out to ~1.07% CAGR over this 48 year period. Real GDP Growth CAGR over the same 48 year period was ~2.77%) https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558650449720-TZP6M1UBLWMG1EFL6WQ5/carrier_strike_force.png Essays - The Full Stack of Society: Can You Make A Whole Society Wealthier? [Full Version] This map shows the accurate locations of U.S. Carrier Strike Groups and Amphibious Ready Groups. It’s publicly available and updated weekly, because what’s the point of having a Big Swinging Navy if you don’t tell people about it? https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558651315186-0FH8NVL4EIEHKUAGSKFG/j_p_morgan_wizard.png Essays - The Full Stack of Society: Can You Make A Whole Society Wealthier? [Full Version] J.P. Morgan, Godfather of American Financial Wizardry https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558650345427-ZGLYT5DHB0RK09WVZCPE/spicy.gif Essays - The Full Stack of Society: Can You Make A Whole Society Wealthier? [Full Version] Am I? https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558651015066-2R9D0YH9IUU83GWBKHNG/bretton_woods.jpeg Essays - The Full Stack of Society: Can You Make A Whole Society Wealthier? [Full Version] No! Like Derrick Rose — “we wanna go higher!” https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558650655942-0IA4GT047JTILWXHY2KC/british_coal.jpeg Essays - The Full Stack of Society: Can You Make A Whole Society Wealthier? [Full Version] British Coal Exports in the year 1864, 1mm thickness on the blue bars is equal to 20,000 tons — note that the bulk of British Coal was actually consumed in domestic production — this was just the leftovers https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558650730817-2E2GTB9KYPUOT7NH0RYE/divergent_gdp.png Essays - The Full Stack of Society: Can You Make A Whole Society Wealthier? [Full Version] See here. Also, source on Chinese Billionaires https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558651042082-O76QHOCK4NASVNTBKPC1/jayz.png Essays - The Full Stack of Society: Can You Make A Whole Society Wealthier? [Full Version] U.S. Economic Development Plan, 1944-1971, as brought to you by the Great American J. Z. in my favorite song of his. The placement of the comma before “to me” really ruins the double-entendre… https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558650394398-B4N0Z4664DSSAF951NNO/the_office_1492.jpeg Essays - The Full Stack of Society: Can You Make A Whole Society Wealthier? [Full Version] A rough day at the office in the year 1492 https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558651351650-RZJ3DYNDWD6MJL3163H5/harry_potter_investment_banker.gif Essays - The Full Stack of Society: Can You Make A Whole Society Wealthier? [Full Version] Accio Value! https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558651437794-YWSO6JLCCV6HFIFUGPCL/health_care_expenditures_by_aic.png Essays - The Full Stack of Society: Can You Make A Whole Society Wealthier? [Full Version] https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558651216528-4DG3TM31CFRHTB2IEFI3/eu_debt_to_gdp.PNG Essays - The Full Stack of Society: Can You Make A Whole Society Wealthier? [Full Version] Source — the expansion of debt allows your customers to buy more of your exports without actually needing to build more Surpluses of their own to spend https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558651644230-8D7WZ02PAXL4BWV8X4G4/gauntlet.jpg Essays - The Full Stack of Society: Can You Make A Whole Society Wealthier? [Full Version] https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558651468548-0SB0MWO4807NICKAQA94/american_tariffs.png Essays - The Full Stack of Society: Can You Make A Whole Society Wealthier? [Full Version] Read the y-axis closely for a laugh and don’t judge China too harshly for their 17% Tariff today — they learned from the best https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558649932586-LQCIQUZSY94542TJJSXE/the_full_stack_of_society_FEUDALISM.png Essays - The Full Stack of Society: Can You Make A Whole Society Wealthier? [Full Version] https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558649901535-8G59NSZ9HNN4FFPMFBV0/the_full_stack_of_society.png Essays - The Full Stack of Society: Can You Make A Whole Society Wealthier? [Full Version] The Full Stack in all its glory. I like to summarize my essays up-top for people with jobs and/or Social-Media-addictions, but they say a picture’s worth a thousand words so I made this instead. Note: UBI = Universal Basic Income https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558651416888-U7D0FUNLS37SEBDJWVAW/increased_prices.png Essays - The Full Stack of Society: Can You Make A Whole Society Wealthier? [Full Version] I should honestly just keep including this chart in every essay I write. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558651491352-BCRF58793A24S6CG6N30/consumer_credit.png Essays - The Full Stack of Society: Can You Make A Whole Society Wealthier? [Full Version] Source (I set start date to 1971) https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558650866795-O9RGWX70C3HIO3MJS5JQ/chinese_version_of_game.png Essays - The Full Stack of Society: Can You Make A Whole Society Wealthier? [Full Version] This is what the game is all about. Pick another country and try to get a more valuable autocompleted list. It’s a fun game. I’ll buy you coffee in SF/Boston if you win. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558651165367-U8U4CCLY58TNYWKW89CF/Japan.gif Essays - The Full Stack of Society: Can You Make A Whole Society Wealthier? [Full Version] Pictured: Japan Clinging To Positive GDP Growth https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558650089301-3I2EUKWEZF21LLZD3JY5/uber_no_car_no_problem.png Essays - The Full Stack of Society: Can You Make A Whole Society Wealthier? [Full Version] The future is now! https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558650372856-K3IA4WUDHVA9QDMXMR73/middle_men.png Essays - The Full Stack of Society: Can You Make A Whole Society Wealthier? [Full Version] https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558651075093-UBO40KYTFNBNWXQ8VW8P/gdp_surpluses.png Essays - The Full Stack of Society: Can You Make A Whole Society Wealthier? [Full Version] https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558651075113-X7YTT6RJW5VLND222D5R/trade_surpluses.png Essays - The Full Stack of Society: Can You Make A Whole Society Wealthier? [Full Version] https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558649983469-K8TIRW6DYNXY3XUYH3B9/maximus_decimus_meridius.gif Essays - The Full Stack of Society: Can You Make A Whole Society Wealthier? [Full Version] https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558649980514-GGQVM573Q9M8255BJSEA/we_do_not_sow.gif Essays - The Full Stack of Society: Can You Make A Whole Society Wealthier? [Full Version] https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558651595691-5SK5EYBYLO3RVHPCZUL5/global_gdp.png Essays - The Full Stack of Society: Can You Make A Whole Society Wealthier? [Full Version] Highly scientific https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558650051519-0PLH449IRO09XXMBH0WM/the_office_1066.jpeg Essays - The Full Stack of Society: Can You Make A Whole Society Wealthier? [Full Version] A rough day at the office in the Year 1066 https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558650824725-RBCKL55613NKHQFY3TJR/trade_reversal.png Essays - The Full Stack of Society: Can You Make A Whole Society Wealthier? [Full Version] This is the exact inverse of China’s Import-Export balance with Britain during the Mercantilist Era, in which China was relegated to a barely-autonomous Consumption State for British-owned Spices https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558650885136-PGEC6Y78YSRWGZ6GA0X0/economic_scoreboard.png Essays - The Full Stack of Society: Can You Make A Whole Society Wealthier? [Full Version] Are we winning if we have more of the top places? Or if the sum total of all our valuations goes up? I know how the Econ professors would answer that question — but what would China say? How about Germany? https://www.conradbastable.com/essays/the-full-stack-of-society-can-you-make-a-whole-society-wealthier monthly 0.5 2019-05-24 https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558474484454-X7PJPCMJJ717R9T9HNBX/violent_response.png Essays - The Full Stack of Society: Can You Make A Whole Society Wealthier? This plays as edgy irony to most people Above the API [5 favorites] https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558474236648-X0Y1ZDZS9GXHCQJXFLDG/the_full_stack_of_society.png Essays - The Full Stack of Society: Can You Make A Whole Society Wealthier? The Full Stack in all its glory. I like to summarize my essays up-top for people with jobs and/or Social-Media-addictions, but they say a picture’s worth a thousand words so I made this instead. Note: UBI = Universal Basic Income https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558474263632-MSZM0SIU8QBXKCSYRVC3/the_full_stack_of_society_FEUDALISM.png Essays - The Full Stack of Society: Can You Make A Whole Society Wealthier? https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558474304935-QOAJUT6QVVKVRRKKV70Z/maximus_decimus_meridius.gif Essays - The Full Stack of Society: Can You Make A Whole Society Wealthier? https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558474303551-K79SU310LZQUOTWDZ12H/we_do_not_sow.gif Essays - The Full Stack of Society: Can You Make A Whole Society Wealthier? https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558474569424-TFMMVF4QWIRGQ6O7VC90/Feudalism.jpg Essays - The Full Stack of Society: Can You Make A Whole Society Wealthier? I made this high quality picture to explain it for my fellow Millennial readers https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558474406531-3Z6XQXMUBWCL0ROZ491V/left_response.png Essays - The Full Stack of Society: Can You Make A Whole Society Wealthier? https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558474406533-LNH7T2PRSPZMALXV1APZ/libertarian_response.png Essays - The Full Stack of Society: Can You Make A Whole Society Wealthier? https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558474406731-T88NQ6MJ6PNEDB3ZAO0A/right_response.png Essays - The Full Stack of Society: Can You Make A Whole Society Wealthier? https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558474529687-WCAAEON1NDZDJLH5DZHL/starship_voters.gif Essays - The Full Stack of Society: Can You Make A Whole Society Wealthier? “Go Vote!” doesn’t quite have the same rhetoric weight… https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558474339982-XXPLQG6CK8945T6G6ADS/the_office_1066.jpeg Essays - The Full Stack of Society: Can You Make A Whole Society Wealthier? A rough day at the office in the Year 1066 https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558474368622-0IH4ESOJAAF5K7P2TUOF/uber_no_car_no_problem.png Essays - The Full Stack of Society: Can You Make A Whole Society Wealthier? The future is now! https://www.conradbastable.com/essays/mercantilism-a-new-path-to-wealth-through-imperfect-competition monthly 0.5 2021-04-17 https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558473863800-6HP78OTBUU94ADHN4YCF/the_full_stack_of_society_MERCANTILISM.png Essays - Mercantilism: A New Path To Wealth Through Imperfect Competition https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558474085534-FY4PQ4H2RPMEQBRA7AAE/putins_plans.png Essays - Mercantilism: A New Path To Wealth Through Imperfect Competition Excuse my awesome MS paint skills. All the Oil in the world is buried on the shores labeled “Persian Gulf”. Red border = Russian border, black arrow is over Russian land and points towards the shortest route to get the Spice to Moscow https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558474020844-8R044O5HR8B0LZXCHNX4/carrier_strike_force.png Essays - Mercantilism: A New Path To Wealth Through Imperfect Competition This map shows the accurate locations of U.S. Carrier Strike Groups and Amphibious Ready Groups. It’s publicly available and updated weekly, because what’s the point of having a Big Swinging Navy if you don’t tell people about it? https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558473938968-89EKNQV22CX49PNZ929L/middle_men.png Essays - Mercantilism: A New Path To Wealth Through Imperfect Competition https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558474156677-PCGMA2S9Z45YJWGIV3Q5/Mercantilism.jpg Essays - Mercantilism: A New Path To Wealth Through Imperfect Competition I think this is a decent drawing, but seriously, if you know a better artist, please get them to email me! https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558474061025-8URBAJ2WSWJVOIQFLQVA/the_office_1941.gif Essays - Mercantilism: A New Path To Wealth Through Imperfect Competition A rough day at the Pearl Harbor branch office in the year 1941 https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558473913957-LGMZGM5SJSMY4K8UP1U8/spicy.gif Essays - Mercantilism: A New Path To Wealth Through Imperfect Competition Am I? https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558474114222-E6EAVKAGWA4XBE18TGNI/carrier_strike_group.jpg Essays - Mercantilism: A New Path To Wealth Through Imperfect Competition Pictured: "…after which it was largely replaced by more laissez-faire policies.” https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558473960044-N7ZU3Q98ZDPSGWGDTKJV/the_office_1492.jpeg Essays - Mercantilism: A New Path To Wealth Through Imperfect Competition A rough day at the office in the year 1492 https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558473886260-JCNNVZPIOJV86UN7OQKW/private_traders.png Essays - Mercantilism: A New Path To Wealth Through Imperfect Competition A replica 1700s trading ship, used for trading by a private corporation. The red flaps are not decorative: as in nature & Eve Online, “Red Means Dead” https://www.conradbastable.com/essays/industrialism-mercantilism-but-with-production-brought-in-house monthly 0.5 2020-02-08 https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558473266163-ZJ8NWCDRR3XERGFUZKYH/factory_1.jpeg Essays - Industrialism: Mercantilism, But With Production Brought In-House https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558473266276-DLPL3HL73MSX7AFLDVJH/factory_2.png Essays - Industrialism: Mercantilism, But With Production Brought In-House https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558473266672-3WA17GRVAW3QMCG1RAGS/factory_3.jpeg Essays - Industrialism: Mercantilism, But With Production Brought In-House https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558473624148-LNHUNJKOX2KOKAAL7V3V/chinese_version_of_game.png Essays - Industrialism: Mercantilism, But With Production Brought In-House This is what the game is all about. Pick another country and try to get a more valuable autocompleted list. It’s a fun game. I’ll buy you coffee in SF/Boston if you win. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558473286896-YV5CMLNYJ0VOHWR0JP0C/british_coal.jpeg Essays - Industrialism: Mercantilism, But With Production Brought In-House British Coal Exports in the year 1864, 1mm thickness on the blue bars is equal to 20,000 tons — note that the bulk of British Coal was actually consumed in domestic production — this was just the leftovers https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558473452258-Z6ZACTIMWTZ241AGQZN7/divergent_gdp.png Essays - Industrialism: Mercantilism, But With Production Brought In-House See here. Also, source on Chinese Billionaires https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558473507672-9Z4VSFTGLE0AD7BRXIST/big_deng.jpeg Essays - Industrialism: Mercantilism, But With Production Brought In-House https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558473507802-4FSHZ9GS8B2X6ACW2UPS/chinese_factory.jpeg Essays - Industrialism: Mercantilism, But With Production Brought In-House https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558473643451-YFAXFO8GMFXU8Q0Y4W7W/economic_scoreboard.png Essays - Industrialism: Mercantilism, But With Production Brought In-House Are we winning if we have more of the top places? Or if the sum total of all our valuations goes up? I know how the Econ professors would answer that question — but what would China say? How about Germany? https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558473672166-9DMRNPR1DDOCEPJXBAXJ/chinese_cars.png Essays - Industrialism: Mercantilism, But With Production Brought In-House If you want to make a trillion dollars selling cars…there’s 2 markets you have to capture. By my napkin math, China has room for growth of 2-8x. The question is: would Tesla be allowed to Capture this market without their commitment to invest $5B+ and create jobs & Wealth on the ground? Is that investment even allowed to be majority-owned, on paper, by US citizens? https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558473543193-G0HRKKGFE9WXJODRLV57/oecd_tax_rates_ireland.png Essays - Industrialism: Mercantilism, But With Production Brought In-House Source: Red arrows == 4 largest economies in the EU https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558473228604-BK3WD6YNFAZK0UVB4AXJ/the_full_stack_of_society_INDUSTRIALISM.png Essays - Industrialism: Mercantilism, But With Production Brought In-House https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558473563653-13KQTHOWUGA50J9D9NYV/trade_reversal.png Essays - Industrialism: Mercantilism, But With Production Brought In-House This is the exact inverse of China’s Import-Export balance with Britain during the Mercantilist Era, in which China was relegated to a barely-autonomous Consumption State for British-owned Spices https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558473401381-OSPDZDTAR8ZP4WYR6G5S/network_effect_traps.png Essays - Industrialism: Mercantilism, But With Production Brought In-House See this tweet from Patrick Collison on the geographic stickiness of Economic Networks established under a Feudal system https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558473692180-HHLSZHWMVC8M9YDH6M6B/hamilton.jpeg Essays - Industrialism: Mercantilism, But With Production Brought In-House Right. Ctrl-f for “dearness of labour” if you’re curious https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558473710991-P17AV292GMAPTLFWEHPX/east_india_company.png Essays - Industrialism: Mercantilism, But With Production Brought In-House Pop Quiz: Why does the US Flag have 13 stripes? Is this not the world’s best ever /r/HailCorporate? https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558480538259-J7FDX6O5V5GM7P4DPGS4/Industrialism.jpg Essays - Industrialism: Mercantilism, But With Production Brought In-House If you haven’t noticed yet, the right-hand side of each image is a mirror of the left-hand side from the prior Stack, which is why these images are getting more complex (much like society) https://www.conradbastable.com/essays/globalism-export-industrialism-itself-amp-share-in-the-wealth monthly 0.5 2019-05-24 https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558473179856-8WM5H9OUEPQ2ALI3EQEE/Globalism.jpg Essays - Globalism: Export Industrialism Itself &amp; Share In The Wealth Everybody smiling https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558472823009-IJR4WJRM8O7UUCK3ZUI4/jayz.png Essays - Globalism: Export Industrialism Itself &amp; Share In The Wealth U.S. Economic Development Plan, 1944-1971, as brought to you by the Great American J. Z. in my favorite song of his. The placement of the comma before “to me” really ruins the double-entendre… https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558473079388-B5LKSWGTH7GT129DAP4Y/Germany.gif Essays - Globalism: Export Industrialism Itself &amp; Share In The Wealth Pictured: Germany negotiating with The Rest of Europe https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558472793887-Z0DJRR18N2VBG015B5HE/bretton_woods.jpeg Essays - Globalism: Export Industrialism Itself &amp; Share In The Wealth No! Like Derrick Rose — “we wanna go higher!” https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558473115240-20EKTJ0XEGDAGHUKPW6U/eu_debt_to_gdp.PNG Essays - Globalism: Export Industrialism Itself &amp; Share In The Wealth Source — the expansion of debt allows your customers to buy more of your exports without actually needing to build more Surpluses of their own to spend https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558473044968-P9R1USJVPSDHUEWGKATU/Japan.gif Essays - Globalism: Export Industrialism Itself &amp; Share In The Wealth Pictured: Japan Clinging To Positive GDP Growth https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558472969466-RL2R9M0TIUJGZCSCKP4B/america.gif Essays - Globalism: Export Industrialism Itself &amp; Share In The Wealth Pictured: America https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558472767775-J52LB15YF5HTHA5LFGX0/the_full_stack_of_society_GLOBALISM.png Essays - Globalism: Export Industrialism Itself &amp; Share In The Wealth https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558473016873-FINQ7WGP2O5OARJFHAGX/China.gif Essays - Globalism: Export Industrialism Itself &amp; Share In The Wealth Pictured: China’s Growth Plan https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558472859195-EPTIXS9NVGN9OAKYGVM0/gdp_surpluses.png Essays - Globalism: Export Industrialism Itself &amp; Share In The Wealth https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558472863611-VHQRAK3RRQ8H2OASIFVE/trade_surpluses.png Essays - Globalism: Export Industrialism Itself &amp; Share In The Wealth https://www.conradbastable.com/essays/financialism-you-dont-need-surpluses-if-you-can-trade-with-the-future monthly 0.5 2019-05-24 https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558472646237-59HRUXHWR0JAUL3TRN30/household_debt_to_gdp.PNG Essays - Financialism: You Don’t Need Surpluses If You Can Trade With The Future Source (The growth in the Debt-to-GDP ratio works out to ~1.07% CAGR over this 48 year period. Real GDP Growth CAGR over the same 48 year period was ~2.77%) https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558472628011-6ZUMAZ98K3J98NGM5Q99/consumer_credit.png Essays - Financialism: You Don’t Need Surpluses If You Can Trade With The Future Source (I set start date to 1971) https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558472509457-IFZI26DBT23QNPFHS7K3/harry_potter_investment_banker.gif Essays - Financialism: You Don’t Need Surpluses If You Can Trade With The Future Accio Value! https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558472537385-0AI7TIDEMEHVASBWSM0Y/actual_individual_consumption_aic.png Essays - Financialism: You Don’t Need Surpluses If You Can Trade With The Future "Actual Individual Consumption (AIC) per capita is more than 50% higher in the US than in the European Union as a whole!” Per RandomCriticalAnalysis, who wrote much more than you wanted to know about Health Care costs as they relate to AIC vs. GDP https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558472605884-A56ZPG1XSY696GGU9D63/american_tariffs.png Essays - Financialism: You Don’t Need Surpluses If You Can Trade With The Future Read the y-axis closely for a laugh and don’t judge China too harshly for their 17% Tariff today — they learned from the best https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558472416106-RO99MSQUWWW5IEUWI1G9/j_p_morgan_wizard.png Essays - Financialism: You Don’t Need Surpluses If You Can Trade With The Future J.P. Morgan, Godfather of American Financial Wizardry https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558472670603-6H68O4P9TUULTFZY8CTU/yer_a_wizard_arry.gif Essays - Financialism: You Don’t Need Surpluses If You Can Trade With The Future https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558472406037-LRIB07OZ0RR67IY6PS88/the_full_stack_of_society_FINANCIALISM.png Essays - Financialism: You Don’t Need Surpluses If You Can Trade With The Future https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558472587757-BK88IA9W1SZT3A9LHRCO/health_care_expenditures_by_aic.png Essays - Financialism: You Don’t Need Surpluses If You Can Trade With The Future Quote per RandomCriticalAnalysis: “High US health care spending is quite well explained by its high material standard of living” https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558472566626-1AS6E51XD1CUKQ78H5EN/increased_prices.png Essays - Financialism: You Don’t Need Surpluses If You Can Trade With The Future I should honestly just keep including this chart in every essay I write. https://www.conradbastable.com/essays/so-can-you-make-a-whole-society-wealthier monthly 0.5 2022-07-04 https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558471844113-S5XDTEEPJR6Y79DTXAUT/hamilton_ten.jpeg Essays - So Can You Make A Whole Society Wealthier? https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558471892405-5WM6NY0CV8TF5N3NQMY1/gauntlet.jpg Essays - So Can You Make A Whole Society Wealthier? https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558471810439-PUTP3KB4AJSLVFCY7GVM/global_gdp.png Essays - So Can You Make A Whole Society Wealthier? Highly scientific https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1558471780053-EZYGVFCYS38H7MR0IEW6/the_full_stack_of_society.png Essays - So Can You Make A Whole Society Wealthier? https://www.conradbastable.com/essays/the-panopticon-prism-all-facts-serve-a-narrative monthly 0.5 2022-07-04 https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1548964093681-0BTMNYY6ZPB10ZJNCW99/cap.gif Essays - The Panopticon Prism: All Facts Serve A Narrative That sentence was a mouthful, so here’s Cap’ explaining it simply https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1548962451002-UY3VLK3U3L24EBGSSUM1/this_is_america.png Essays - The Panopticon Prism: All Facts Serve A Narrative This is America, afterall… https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1548961534146-VR2R3X43KWMX628TDY6F/zuckerberg_as_angel.png Essays - The Panopticon Prism: All Facts Serve A Narrative And this is the counter Narrative, brought to you by…who? Me? Social Platforms sent me >25,000 readers in the last few months. Total Cost: $0.00. God Bless the Internet. Note to lawyers: this is all transformative satire https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1548963275046-4613PXBUZZOMKOLA60V5/post-truth.jpeg Essays - The Panopticon Prism: All Facts Serve A Narrative This is real https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1548963180927-BRMA6QMIHSZIHXRZJSYP/breaking_up_with_me.gif Essays - The Panopticon Prism: All Facts Serve A Narrative https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1548963369393-A2BQJ8L260FAWZW1R715/what_do_women_want.gif Essays - The Panopticon Prism: All Facts Serve A Narrative I’d rather have the fractal intersectionality of Tumblr than these chucklefucks — and this is the “best”-case-scenario. Read Orwell for more details. https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1548963642054-P1A8SG49R9PC0KCI4MK5/panopticon.png Essays - The Panopticon Prism: All Facts Serve A Narrative https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1548963665550-8SV88YS68ETZIMA0R8D0/cell.png Essays - The Panopticon Prism: All Facts Serve A Narrative https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1548964339482-TTIY7ORURSYH0B9ILJDN/self_harm.png Essays - The Panopticon Prism: All Facts Serve A Narrative Spoiler: it’s not working https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1548962131128-TMKJ6A9IH3WHV3OBCSF3/harvey_crazy.gif Essays - The Panopticon Prism: All Facts Serve A Narrative https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1548962130967-CQLVSRPGG8G1E80WH6V3/kanye_shrug.gif Essays - The Panopticon Prism: All Facts Serve A Narrative https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1548964433384-8RHP6XPLYEK0QADN21HJ/super_saiyan.gif Essays - The Panopticon Prism: All Facts Serve A Narrative https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1548964620687-ZAH1MMAVRTOFJ0IS8T37/ideological_distribution_industry_donations.png Essays - The Panopticon Prism: All Facts Serve A Narrative This uses the standard Left-Right scale that we all know and love, Y-axis scales are adjusted, academics & lawyers have the most donors https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1548963036050-8Z0LICPK0JF5TCC747K5/print_sales.png Essays - The Panopticon Prism: All Facts Serve A Narrative [Citation] https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1548962886716-5A9TOZZKE7ESMKXIOLL9/the_history_of_you.gif Essays - The Panopticon Prism: All Facts Serve A Narrative And even then, it’d be a passive experience: no choices == no skin in the game… https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1548961965278-C19FYQH3I3F3UVZZKRMU/socioeconomic_status.png Essays - The Panopticon Prism: All Facts Serve A Narrative https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1548961606284-AL2WIMGXUZSS2QTOLKAP/where_boys_outperform_girls.png Essays - The Panopticon Prism: All Facts Serve A Narrative Note Y-axis cut off to save on white space https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1548962410374-TG50SSFZHACNBESSST41/the_prism.gif Essays - The Panopticon Prism: All Facts Serve A Narrative https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1548964715325-CXA70HO3CLM9SXVRUE9Z/Wall+St+Journal.PNG Essays - The Panopticon Prism: All Facts Serve A Narrative https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1548964713559-PA6O22U6V9IC1R6OF0PJ/Economist.PNG Essays - The Panopticon Prism: All Facts Serve A Narrative https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1548964713969-ASVLP53C0MQWZ6ROFIBN/BBC.PNG Essays - The Panopticon Prism: All Facts Serve A Narrative https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1548962728548-TI5OGCRWFCYUY4LA6227/gambino_is_a_mastermind.gif Essays - The Panopticon Prism: All Facts Serve A Narrative Gambino is a mastermind https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1548963486130-EY5EQTLFJTV4Q59MEWOG/what_the_money_is_for.gif Essays - The Panopticon Prism: All Facts Serve A Narrative Millennials, here’s Don Draper lecturing you on your place in the office, which he has to do because you keep asking for all this extra shit that his generation never got — or at least that’s the writers’ Narrative. Our Counter Narrative begins: “In 2008…” https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1548961433880-LD7G45CGNX1XO5OOCVMO/zuckerberg_as_devil.png Essays - The Panopticon Prism: All Facts Serve A Narrative This is the current Narrative of Zuck, brought to you by Congress & the Old Media… https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1548963931766-X276UY59Q59VFGB4N1F0/the_facebook.jpeg Essays - The Panopticon Prism: All Facts Serve A Narrative Now this almost sounds useful! I’ve met so many interesting people in SF over the last few years who were friends of friends of friends…I wonder how many connections I’m missing out on. Contact link is up there ^ https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1548962315125-GU3625KY2LD4HCVPCTKY/mean_girl.gif Essays - The Panopticon Prism: All Facts Serve A Narrative https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1548963221579-FQTO525XPZY3J8V4CUKE/understand.png Essays - The Panopticon Prism: All Facts Serve A Narrative https://www.conradbastable.com/essays/the-uncharity-of-college-the-big-business-nobody-understands monthly 0.5 2022-07-16 https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1546034521385-7VRPD8BJSSWKC4NLBX38/untaxed_investment_returns.gif Essays - The Uncharity of College: The Big Business Nobody Understands https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1546033651571-WYVWHWWL99PLJC712RFN/maximum_tax_advantaged_donation.png Essays - The Uncharity of College: The Big Business Nobody Understands https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1546060782288-I3FNN1ETZ8CEE7ETTRD0/endowment_growth_example.png Essays - The Uncharity of College: The Big Business Nobody Understands You think its your TUITION dollars that add $1 billion a year to this? https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1546032962473-4F49J36S2Y8YEUNI7J96/justice_department.png Essays - The Uncharity of College: The Big Business Nobody Understands https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1546033383768-Q9SH6ZNQKBTAIWG6LNNV/MIT_revenues_2016.png Essays - The Uncharity of College: The Big Business Nobody Understands Little pink slice in the bottom right https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1546125397855-2IBFU1GFZQEK1X9OY3L5/wages_by_education_level.png Essays - The Uncharity of College: The Big Business Nobody Understands https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1545949019549-60W2Y06JU628ZMUX1C42/mit_class_of_2022.png Essays - The Uncharity of College: The Big Business Nobody Understands https://web.archive.org/web/20181120235014/https://mitadmissions.org/apply/process/stats/ https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1546041358158-KLHTOS3JS2IYNUXNPJZ9/rocky_road.png Essays - The Uncharity of College: The Big Business Nobody Understands https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1545948959835-B83LYXWOC2NFCO7IQ29V/mit_class_of_1997.png Essays - The Uncharity of College: The Big Business Nobody Understands http://news.mit.edu/1993/class-0331 https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1545948537186-GULMGR4S2LG9XNHNI9DT/1993_college_enrollment.png Essays - The Uncharity of College: The Big Business Nobody Understands https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1545948537060-UU18GVRXNQ5YXM5ILQ6M/2018_college_enrollment.png Essays - The Uncharity of College: The Big Business Nobody Understands https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1545948742163-IP20FRKN32DO3IK05HD4/cost_of_tuition.png Essays - The Uncharity of College: The Big Business Nobody Understands https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1546033581704-N3C9VFFGG9G4ZOLRVLZN/MIT_investment_returns.png Essays - The Uncharity of College: The Big Business Nobody Understands Units are in millions btw https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1545949117107-MGU39OW9Q5TZSLE3SBVW/vertical_supply_curve.png Essays - The Uncharity of College: The Big Business Nobody Understands Thanks to McGill for this chart — here’s a link to MIT’s Microeconomics class if anyone needs to brush up on the fundamentals. Don’t worry, taking this class online for free doesn’t lower the value of getting accepted by MIT — why is that? 6.7% btw https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1546033479273-P7I0KJXAYGM2M0448Z22/quick_tuition_maths.png Essays - The Uncharity of College: The Big Business Nobody Understands Uncharitable observation: if all students paid exactly the same price — zero financial aid — and MIT collected the same $113M in total tuitions, the revenue from a new student would be $25,105 per student per year. Rephrased: the Expected Value of a marginal student to MIT is $25,105… https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1546033076776-TJ81DOP0S9IE5G6GGT6Y/sad_justice_department.jpeg Essays - The Uncharity of College: The Big Business Nobody Understands Pictured: Justice Dept., circa 1993 https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1546032849979-M9L3P2CK1S2HGXONVTL8/increased_competition.gif Essays - The Uncharity of College: The Big Business Nobody Understands Pictured: College admissions for the Class of 2035 https://images.squarespace-cdn.com/content/v1/5a571a7d80bd5e91de77e8e6/1546033237657-78UEZKL00MTVEDWLU7UA/middle_class_wealth.png Essays - The Uncharity of College: The Big Business Nobody Understands I said I wouldn’t include another chart from my first essay, but sometimes you just gotta do it. 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