ninthcat
Joined 8 years ago
Joined 8 years ago
Not quite, the equilibrium is when marginal ad spend results in no change to profit. The ad spend at equilibrium should result in increased profit compared to no ad spend.
In other words, the highest IQ of every living person has a defined upper bound that is dependent on the number of living people and it is definitionally impossible to exceed this value. Reports of higher values are mistakes or informal exaggerations, similar to a school saying a student is one that you would only encounter in a million years. By definition it is not possible to have evidence to support such a statement.
Democracy is a governmental system where political power is vested in the people. It is characterized by competitive elections and the safeguarding of human rights[1].
It is by definition undemocratic for two wolves and a sheep to vote for who to eat for dinner. It is undemocratic to have gerrymandering. It is undemocratic to have uncompetitive primary elections. It is undemocratic for the police to quell protests. It is undemocratic to have state-backed propaganda, censorship, and misinformation.
Maintaining a democracy necessitates maintaining its institutions. An authoritarian one-party state does not magically become democratic just because it has an election or manufactures support for its project. Elections are an insufficient condition for democracy.