lurking15

> while the west is using its fossil fuel resources to shove crayons up its nose

what a bunch of empty invective

Wait so there was near universal outcry on the left about “Jan 6 insurrection” but assassination of public figures is actually fine if they have a low approval rating and allegedly negatively affect people’s lives? Guess what? Congress is lucky if 10% of people across the board think they AREN’T screwing up the country.

> they effectively subsidize residents

the universities are swimming in money, it's not an actual subsidy and in my experience ends up just crowding out native students

The worst metric obsession that defines things now is stock price, which really went into overdrive with the financialization of the 70s~80s. Of course financialization was downstream of the money supply and people seeking out returns on their savings in inflationary environments (modern economic theory that thinks never-ending inflation is just a law we must all accept and conform to), which is used a way to finance big government.

I feel similarly.

I'm not sure how this applies to what I said.

It's an outrage once you work at these companies and behold the sheer dysfunction and they're all getting paid wages native American citizens would take.

Ah got it. I think the idea of knowledge management is maybe misguided when applied to economics.

Knowledge in economic terms is much less definite because prices reflect subjective value.

I guess I see this as an attempt or yearning to discredit him, but following in the work that sprung from Hayek and friends, the motivation for his work is clearly curiosity and wonder about how does anything get done in the world without coordination, never mind the wondrously complex things that are created nowadays.

His conclusion is that knowledge is dispersed, represented in prices that arise from markets which is simply understood as cooperation. Knowledge may frankly be expressed as whatever enables and motivates someone to offer something on the market. If that's too vague for your taste, too bad.

The wonder is that uncoordinated, independent cooperation gives rise to such abundant and sophisticated products. Not only that it's in a system that expresses everyone's individual preferences and competing interests. Central planning fails spectacularly to do this, and there's no reason to believe that it ever will even with fantastic computational power.

Just going to take the time to indicate that this is a conspiracy theory, since conservatives are always lambasted with that term.

No disagreement from me regarding that.

> Want to know what food and housing was like before regulation? Read the jungle.

Not convincing since you're reducing the entire time period to The Jungle which was sensationalized fiction, effectively political propaganda.

But to your broader point, things improved directly from capitalism and markets. My reading recommendation? Deirdre McCloskey "Why Liberalism Works" on the absurd increase in living standards brought about through innovation enabled by capitalism, we're talking some 3,000% in average income over the course of time you're referring to.