Blog http://personal-view.com/talks/categories/blog/p102/feed.rss Wed, 22 May 24 07:17:35 +0000 Blog en-CA War: Trade war map http://personal-view.com/talks/discussion/25912/war-trade-war-map Wed, 21 Jul 2021 05:20:19 +0000 Vitaliy_Kiselev 25912@/talks/discussions image

image

]]>
Humor: President Biden as cryptosocialist http://personal-view.com/talks/discussion/25907/humor-president-biden-as-cryptosocialist Tue, 20 Jul 2021 15:12:26 +0000 Vitaliy_Kiselev 25907@/talks/discussions

Start by paying people to do nothing—1.8 million workers, according to a recent Morning Consult poll, have turned down jobs due to generous unemployment benefits, including an extra $300 a week from the federal government in some states. Meanwhile, Burger King is offering a $1,500 signing bonus.

Anticapitalists then shut pipelines (except Russian ones) and suspend drilling leases in parts of Alaska, helping send oil prices above $70. The government says it wants to limit carbon emissions, but then it squashes better energy options like nuclear. On June 30, months after New York state closed the Indian Point nuclear power plant, Mayor Bill de Blasio asked New Yorkers to cut back on energy usage during a heat wave. You can’t make this stuff up.

An anticapitalist would next restrict capital formation, so President Biden has proposed raising the top capital-gains rate from 23.8% to a punitive 43.4% and the top individual income-tax rate to 39.6%. Mr. Biden also wants to waive Covid vaccine patents—making pharma companies think twice before investing in new drugs—and is even pushing a series of antitrust bills that could reverse mergers, like Facebook ’s 2012 purchase of Instagram, as if that would do anything good for the economy or consumers. Nothing is safe.

https://www.wsj.com/articles/president-biden-progressive-economics-capital-gains-socialism-infrastructure-11626623593

]]>
War: US top maritime importers http://personal-view.com/talks/discussion/25905/war-us-top-maritime-importers Tue, 20 Jul 2021 09:57:47 +0000 Vitaliy_Kiselev 25905@/talks/discussions image

]]>
War: Male testosterone tragedy http://personal-view.com/talks/discussion/25903/war-male-testosterone-tragedy Mon, 19 Jul 2021 19:30:12 +0000 Vitaliy_Kiselev 25903@/talks/discussions image

image

https://sci-hub.se/10.1186/s12958-020-00575-2

http://sci-hub.se/10.1016/j.euf.2020.02.006

Btw, this thing is not random, as less testosterone means higher profits for corporations, as you can push such people to work more and they spend less time on private life and are less distracted during work time. Also sperm quality has total correlation with testosterone level, 1:1.

]]>
Energy: Consumption by country http://personal-view.com/talks/discussion/25902/energy-consumption-by-country Mon, 19 Jul 2021 04:54:56 +0000 Vitaliy_Kiselev 25902@/talks/discussions image

image

image

]]>
MAGA: Leftists are out of their mind http://personal-view.com/talks/discussion/25899/maga-leftists-are-out-of-their-mind Sun, 18 Jul 2021 17:28:19 +0000 Vitaliy_Kiselev 25899@/talks/discussions image

  • The United States is the only developed country that requires zero paid time off for maternity leave
  • Unemployment rose to 14% in 2021 because companies refused to raise wages
  • The Federal Minimum wage hasn't been raised since 2009
  • 40 million Americans live at, or below the national poverty line
  • Pharmaceutical companies are extorting patients for medications
  • The average American is $90,460 in debt just to afford basic necessities like housing, food, clothes, education, and medical bills

As usual social democrats want to "improve capitalism":

  • % corporate tax rate (No loopholes)
  • Free Healthcare for all
  • 12 weeks paid paternity and maternity leave
  • $20 minimum wage
  • 4 day work week
  • Stricter Environmental Regulations on Corporations (Bans on single-use and microplastics, and limited emissions)

None of this will ever happen, sadly :-)

]]>
Good quote: On essence of capitalism http://personal-view.com/talks/discussion/25898/good-quote-on-essence-of-capitalism Sun, 18 Jul 2021 17:21:25 +0000 Vitaliy_Kiselev 25898@/talks/discussions

They rob us, hiding behind the laws that they themselves come up with.
And is it the such important difference, according to the law, I will be robbed or not according to the law?
I do not care!

N. Nosov "Dunno on the Moon"

]]>
Capitalism: Retail markup rose 3 times since 1980 http://personal-view.com/talks/discussion/25896/capitalism-retail-markup-rose-3-times-since-1980 Sun, 18 Jul 2021 12:39:20 +0000 Vitaliy_Kiselev 25896@/talks/discussions

We document the evolution of market power based on firm-level data for the US economy since 1955. We measure both markups and profitability.
In 1980, average markups start to rise from 21% above marginal cost to 61% now. The increase is driven mainly by the upper tail of the markup distribution: the upper percentiles have increased sharply. Quite strikingly, the median is unchanged. In addition to the fattening upper tail of the markup distribution, there is reallocation of market share from low to high markup firms. This rise occurs mostly within industry. We also find an increase in the average profit rate from 1% to 8%. While there is also an increase in overhead costs, the markup increase is in excess of overhead. We then discuss the macroeconomic implications of an increase in average market power, which can account for a number of secular trends in the last four decades, most notably the declining labor and capital shares as well as the decrease in labor market dynamism.

https://www.janeeckhout.com/wp-content/uploads/RMP.pdf

]]>