LWDT VI: Kropotkin's Bread Dead Redemption.

[Torrocca]

I love when Austrian boyos and the like try to pull the "basic math" meme on me. Like, I study physics. I've taken more math for my prereqs for my first physics class than most econ majors are even required to take.

I mean, there's a reason why a lot of the Physics majors I've heard stories of (as one myself, btw) go on to game the shit out of Wall Street.

>TFW your entire elite superbank system that involves global exchanges and shit gets utterly rekt by science

[The Xenopolis Confederation]

Reminder that subsidizing the wealthy is a good idea for the first world

Supply siders get out ree. Also I just realized I don't really subscribe to any economic school. I don't know what I want.

[The Xenopolis Confederation]

More like gaysed.

Libertarian

More like

lolbertarian

Xeno's my name, lolbertarianism's my game bois.

[Grenartia]

I love when Austrian boyos and the like try to pull the "basic math" meme on me. Like, I study physics. I've taken more math for my prereqs for my first physics class than most econ majors are even required to take.

I mean, there's a reason why a lot of the Physics majors I've heard stories of (as one myself, btw) go on to game the shit out of Wall Street.

I need to get on that level.

[Aellex]

I love when Austrian boyos and the like try to pull the "basic math" meme on me. Like, I study physics. I've taken more math for my prereqs for my first physics class than most econ majors are even required to take.

I mean, there's a reason why a lot of the Physics majors I've heard stories of (as one myself, btw) go on to game the shit out of Wall Street.

They really don't tbh. Good luck using fucking Cauchy-Schwarzz or Maxwell-Ampère to "game the shit out of Wall Street".

Let's not be fucking dishonest. Economic is a pseudo-science but the maths they focus on are the maths they need while probas are shit you'll just brush quickly over if you're in STEM.

[Great Minarchistan]

Such yachts are pretty much what trickles down the wealth generated by the top percent to the bottom 99. Ever wondered how much do salesmen in touristic cities earn from the rich dumping their money in there?

Lol, "I'm perfectly okay with Richie McRichFuck having a fleet of yachts because it totally means the poors are getting a few extra scraps of dollars, yuo guize!!1!"

You seem to be speaking from personal experience. :^)

[Grenartia]

I mean, there's a reason why a lot of the Physics majors I've heard stories of (as one myself, btw) go on to game the shit out of Wall Street.

They really don't tbh. Good luck using fucking Cauchy-Schwarzz or Maxwell-Ampère to "game the shit out of Wall Street".

Let's not be fucking dishonest. Economic is a pseudo-science but the maths they focus on are the maths they need while probas are shit you'll just brush quickly over if you're in STEM.

Well, lets look at the facts. Physics majors gamed the shit out of Las Vegas. Stocks are essentially gambling as well. The basic logic holds up.

[Great Minarchistan]

Such yachts are pretty much what trickles down the wealth generated by the top percent to the bottom 99. Ever wondered how much do salesmen in touristic cities earn from the rich dumping their money in there?

I mean, the Maldives for instance enjoys a very strong luxury tourism sector but everywhere outside of the capital is still pretty poor.

One third of their pop is in the capital, so it's not really bad for an otherwise resource-poor island

[Great Minarchistan]

sorry bud but math disagrees with your disagreement

"Math said I'm right" said person who doesn't actually realize basic math disagrees with them.

You seem scared enough to look at the estimations, dontcha

[Great Minarchistan]

I love when Austrian boyos and the like try to pull the "basic math" meme on me. Like, I study physics. I've taken more math for my prereqs for my first physics class than most econ majors are even required to take.

I mean, there's a reason why a lot of the Physics majors I've heard stories of (as one myself, btw) go on to game the shit out of Wall Street.

mostly because they mash up econ to create econophysics which is nothing besides massive numbercrunching price analysis models (that are either extremely vague, time-consuming or prone to fail), c.f. monte carlo method

[Aellex]

They really don't tbh. Good luck using fucking Cauchy-Schwarzz or Maxwell-Ampère to "game the shit out of Wall Street".

Let's not be fucking dishonest. Economic is a pseudo-science but the maths they focus on are the maths they need while probas are shit you'll just brush quickly over if you're in STEM.

Well, lets look at the facts. Physics majors gamed the shit out of Las Vegas. Stocks are essentially gambling as well. The basic logic holds up.

Maths majors rather but their success was irrelevant to their diploma as they would have done the same had they went to econs instead because when you reach the level where you're able to count cards in your head, you'd do a slaughter even if you had taken a mechanic apprenticeship.

The point remain that probabilities make up for very little of what is taught in math in STEM and none at all in the other scientific subjects so, while I do appreciate to shit on the econs as much as the next guy, in that particular case it's actually wrong.

[Northern Davincia]

Economics shouldn't even count as math considering the non-uniformity of the models floating around leading to wildly contradictory conclusions. It's also an inherently political field of study so your mileage will definitely vary.

I love when Austrian boyos and the like try to pull the "basic math" meme on me. Like, I study physics. I've taken more math for my prereqs for my first physics class than most econ majors are even required to take.

This does not negate the validity of economics as a science whatsoever.

I mean, there's a reason why a lot of the Physics majors I've heard stories of (as one myself, btw) go on to game the shit out of Wall Street.

>TFW your entire elite superbank system that involves global exchanges and shit gets utterly rekt by science

Man, we can sure tell the difference after all those physics majors moved onto Wall Street. Everything went topsy-turvy and the world's financial system was never the same.
Or we're just spouting delusions.

[Torrocca]

I love when Austrian boyos and the like try to pull the "basic math" meme on me. Like, I study physics. I've taken more math for my prereqs for my first physics class than most econ majors are even required to take.

This does not negate the validity of economics as a science whatsoever.

>TFW your entire elite superbank system that involves global exchanges and shit gets utterly rekt by science

Man, we can sure tell the difference after all those physics majors moved into Wall Street. Everything went topsy-turvy and the world's financial system was never the same.
Or we're just spouting delusions.

Lemme enjoy my fantasies >:c

[Valrifell]

Man, we can sure tell the difference after all those physics majors moved into Wall Street. Everything went topsy-turvy and the world's financial system was never the same.
Or we're just spouting delusions.

I was just trying to dab on econ majors (it is the duty of the arts and the sciences to come together against business majors) by stating the fact that people with educations only tangentially related to their field can outclass them in games they designed.

[Valrifell]

The point remain that probabilities make up for very little of what is taught in math in STEM and none at all in the other scientific subjects so, while I do appreciate to shit on the econs as much as the next guy, in that particular case it's actually wrong.

Well, disregarding the fact that Quantum Mechanics is quite literally based on probability waves and that chaos theory exists in pure mathematics, you'd be correct

[West Leas Oros 2]

Reminder that subsidizing the wealthy is a good idea for the first world

Supply siders get out ree. Also I just realized I don't really subscribe to any economic school. I don't know what I want.

Join the Marx Side, Xeno.

[Northern Davincia]

Supply siders get out ree. Also I just realized I don't really subscribe to any economic school. I don't know what I want.

Join the Marx Side, Xeno.

Only marginally better than Keynes but still trash overall.

[West Leas Oros 2]

Join the Marx Side, Xeno.

Only marginally better than Keynes but still trash overall.

Something we can both agree on, Keynesianism is trash.

[Ostroeuropa]

Did anyone catch that shitshow at Davos where a bunch of billionaires were asked a question by a room full of moron journalists about a 70% marginal tax rate and were like "Name a country where that's worked, ever" and they and the journalists laugh, then the only smart guy in the room says;

"...The united states?"

And dipshit journalist says "Briefly, in the 80s" and gets corrected immediately that it was from about the 30s up to the 80s?

Our governing class has no idea what they are doing. They are ignorant, insular, and think they know best because they are born into wealth and ascribe their success to how brilliant they are. In reality it keeps them stupid, and lowers their empathy to levels below norms for humans.

[Valrifell]

Did anyone catch that shitshow at Davos where a bunch of billionaires were asked a question by a room full of moron journalists about a 70% marginal tax rate and were like "Name a country where that's worked, ever" and they and the journalists laugh, then the only smart guy in the room says;

"...The united states?"

And dipshit journalist says "Briefly, in the 80s" and gets corrected immediately that it was from about the 30s up to the 80s?

Our governing class has no idea what they are doing. They are ignorant, insular, and think they know best because they are born into wealth and ascribe their success to how brilliant they are.

I did see that, actually. He then proceeded to inform the billionaires in the room that the people were mad at them because they weren't actually paying fair taxes.

I find it kind of funny, actually, just imagining a bunch of rich folk in a circle wondering why the peasants hate them so.

[West Leas Oros 2]

Did anyone catch that shitshow at Davos where a bunch of billionaires were asked a question by a room full of moron journalists about a 70% marginal tax rate and were like "Name a country where that's worked, ever" and they and the journalists laugh, then the only smart guy in the room says;

"...The united states?"

And dipshit journalist says "Briefly, in the 80s" and gets corrected immediately that it was from about the 30s up to the 80s?

Our governing class has no idea what they are doing. They are ignorant, insular, and think they know best because they are born into wealth and ascribe their success to how brilliant they are.

I did see that, actually. He then proceeded to inform the billionaires in the room that the people were mad at them because they weren't actually paying fair taxes.

I find it kind of funny, actually, just imagining a bunch of rich folk in a circle wondering why the peasants hate them so.

I’m waiting for the part where the peasants start shooting at them and they say “how can you hate capitalism when the capitalists make the guns you’re using?”

[Ostroeuropa]

I did see that, actually. He then proceeded to inform the billionaires in the room that the people were mad at them because they weren't actually paying fair taxes.

I find it kind of funny, actually, just imagining a bunch of rich folk in a circle wondering why the peasants hate them so.

I’m waiting for the part where the peasants start shooting at them and they say “how can you hate capitalism when the capitalists make the guns you’re using?”

I don't actually believe they don't know fully well what they are doing. They have merely cottoned on to the fact that so long as they play stupid, repeat the same stupid memes, control the conversation through monopolizing institutions and never actually acknowledge the counter arguments, they can stonewall and keep everything in place as it is.

[West Leas Oros 2]

I’m waiting for the part where the peasants start shooting at them and they say “how can you hate capitalism when the capitalists make the guns you’re using?”

I don't actually believe they don't know fully well what they are doing. They have merely cottoned on to the fact that so long as they play stupid, repeat the same stupid memes, control the conversation through monopolizing institutions and never actually acknowledge the counter arguments, they can stonewall and keep everything in place as it is.

That’s a good point. Just because they want us to remain Ignorant doesn’t mean they should be ignorant themselves. As a matter of fact, it’s easier to manipulate people if you know the truth and hide it from them.

[Ostroeuropa]

I don't actually believe they don't know fully well what they are doing. They have merely cottoned on to the fact that so long as they play stupid, repeat the same stupid memes, control the conversation through monopolizing institutions and never actually acknowledge the counter arguments, they can stonewall and keep everything in place as it is.

That’s a good point. Just because they want us to remain Ignorant doesn’t mean they should be ignorant themselves. As a matter of fact, it’s easier to manipulate people if you know the truth and hide it from them.

It's not even a matter of having to hide it. You just don't acknowledge it.
If I beat the shit into you every single day but refuse to acknowledge that fact and just act smug and gaslight you when you bring it up, but at the same time demand that every dispute be settled by words, you my friend are shit out of luck until you get violent with me.

How can you talk me in to not doing that if I refuse?

You can't.

[Northern Davincia]

Did anyone catch that shitshow at Davos where a bunch of billionaires were asked a question by a room full of moron journalists about a 70% marginal tax rate and were like "Name a country where that's worked, ever" and they and the journalists laugh, then the only smart guy in the room says;

"...The united states?"

And dipshit journalist says "Briefly, in the 80s" and gets corrected immediately that it was from about the 30s up to the 80s?

Our governing class has no idea what they are doing. They are ignorant, insular, and think they know best because they are born into wealth and ascribe their success to how brilliant they are. In reality it keeps them stupid, and lowers their empathy to levels below norms for humans.

Let's not contribute to another period of stagflation, shall we?