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THE PRIVATE PROPERTY AND PERSONAL The typical socialist view is that, in general, non-produced assets and capital goods should be collectively owned by the entire relevant population while consumer goods, once distributed, should be privately owned by the individual. The category of consumer goods WHAT IS LOST IN POST-SCARCITY? This access travels with the consumer so long as they take their phone with them and can be played on headphones, car speakers, and home speakers. Switching between genres, artists, and songs is also nearly frictionless. From the perspective of the consumer, music streaming services are essentially what a post-scarcity utopia looks like. DEMOCRATS WHO DISENFRANCHISE Democrats Who Disenfranchise. Two election process topics have dominated the discourse in the last couple of months. The first is HR1, a Democratic initiative that would, among other things, expand same-day voter registration, automatic voter registration, vote-by-mail and and early voting. The second is the Georgia votinglaw, a Republican
IS MERITOCRACY REAL? Is Meritocracy Real? Over at Slow Boring, Matt Yglesias argues that meritocracy is real but bad. Yglesias contrasts his take with the conventional position that is presented as anti-meritocracy but actually just argues that we don’t live in a meritocracy. And if you talk to people with a curious and open mind, you’ll pretty quicklyfind out
WHAT IS A MUTUALLY BENEFICIAL TRANSACTION REALLY? Imagine you are going on a nature walk on an extremely cold day. You are ten miles from your home or any other shelter. I come along, point a gun at your head, and steal all of your clothes, but leave you yourwallet.
WHAT’S MORE IMPORTANT: A COLLEGE DEGREE OR BEING BORN RICH Notice that only 10% of those kids wind up in the richest fifth. So, you are 2.5x more likely to be a rich adult if you were born rich and never bothered to go to college than if you were born poor and, against all odds, went to college and graduated. The disparity in the outcomes of rich and poor kids persists, not only when you control for MATT BRUENIG DOT COM Contracting Covid Is Like Getting an 84% Efficacy Vaccine. The discourse is ablaze with commentary about the CDC’s recommendation to temporarily halt the use of the Johnson and Johnson vaccine. The reason for the recommendation is that six women developed a rare blood-clotting disease shortly after receiving the vaccine. CONTRACTING COVID IS LIKE GETTING AN 84% EFFICACY VACCINE This study shows that previous infection with SARS-CoV-2 induces effective immunity to future infections in most individuals. The 84% efficacy is less than the Moderna and Pfizer vaccines, which clock in at 94% and 95% respectively. But it is more effective than the Johnson and Johnson vaccine, which has an efficacy of just 72%. Assuming this THE ANTI-BIGNESS IDEOLOGY Over at Slow Boring, Matt Yglesias has a piece arguing that Amazon is not a monopoly and that a lot of what passes for anti-monopoly discourse is actually anti-bigness discourse. I agree with Yglesias on this point. Not all anti-monopoly advocates are motivated by anti-bigness per se, but many of them are, and this can create some confusion when it comes to understanding what they are trying SOCIALISM AND THE WELFARE STATE Socialism and the welfare state are not competing ways to address the same problems. They are complementary ways of addressing very different problems. One of the problems with the laissez-faire capitalist system is that, in it, the ownership and control of production is concentrated in the hands of a relatively small group ofpeople.
THE PRIVATE PROPERTY AND PERSONAL The typical socialist view is that, in general, non-produced assets and capital goods should be collectively owned by the entire relevant population while consumer goods, once distributed, should be privately owned by the individual. The category of consumer goods WHAT IS LOST IN POST-SCARCITY? This access travels with the consumer so long as they take their phone with them and can be played on headphones, car speakers, and home speakers. Switching between genres, artists, and songs is also nearly frictionless. From the perspective of the consumer, music streaming services are essentially what a post-scarcity utopia looks like. DEMOCRATS WHO DISENFRANCHISE Democrats Who Disenfranchise. Two election process topics have dominated the discourse in the last couple of months. The first is HR1, a Democratic initiative that would, among other things, expand same-day voter registration, automatic voter registration, vote-by-mail and and early voting. The second is the Georgia votinglaw, a Republican
IS MERITOCRACY REAL? Is Meritocracy Real? Over at Slow Boring, Matt Yglesias argues that meritocracy is real but bad. Yglesias contrasts his take with the conventional position that is presented as anti-meritocracy but actually just argues that we don’t live in a meritocracy. And if you talk to people with a curious and open mind, you’ll pretty quicklyfind out
WHAT IS A MUTUALLY BENEFICIAL TRANSACTION REALLY? Imagine you are going on a nature walk on an extremely cold day. You are ten miles from your home or any other shelter. I come along, point a gun at your head, and steal all of your clothes, but leave you yourwallet.
WHAT’S MORE IMPORTANT: A COLLEGE DEGREE OR BEING BORN RICH Notice that only 10% of those kids wind up in the richest fifth. So, you are 2.5x more likely to be a rich adult if you were born rich and never bothered to go to college than if you were born poor and, against all odds, went to college and graduated. The disparity in the outcomes of rich and poor kids persists, not only when you control for WHAT IS LOST IN POST-SCARCITY? This access travels with the consumer so long as they take their phone with them and can be played on headphones, car speakers, and home speakers. Switching between genres, artists, and songs is also nearly frictionless. From the perspective of the consumer, music streaming services are essentially what a post-scarcity utopia looks like. THE MEIDNER PLAN FOR SOCIALISM The Meidner Plan for Socialism. Rudolf Meidner was the Swedish economist most responsible for Sweden’s economic model in the 1950s to 1970s. Near the end of his reign and the golden era of Swedish social democracy, he put forward a proposal that became known as the Meidner Plan. If followed, the Meidner Plan would have graduallytransferred
VIOLENCE, PROPERTY, THEFT, AND ENTITLEMENT The modified definition of theft goes like this: Theft occurs when (1) you threaten or use force against someone (2) to exclude them from scarce material resources (3) without their consent (4) provided the scarce material resource belongs to them. The fourth prong is the Entitlement Prong. It essentially states that (1)- (3) are only theft MATT BRUENIG DOT COM The Christian Socialist was a British publication in the late 19th and early 20th century. I pulled out this fun bit: If the means of production were monopolised by one individual, everybody would admit that a man in such a position would have despotic MATT BRUENIG DOT COM Jeremy Corbyn won the leadership of the UK Labour Party. As usually happens when the left scores an electoral victory, the center-left and others has made sure to inform Corbyn and his supporters that it is bad that he won and that he never should have tried to win. WHAT’S MORE IMPORTANT: A COLLEGE DEGREE OR BEING BORN RICH Notice that only 10% of those kids wind up in the richest fifth. So, you are 2.5x more likely to be a rich adult if you were born rich and never bothered to go to college than if you were born poor and, against all odds, went to college and graduated. The disparity in the outcomes of rich and poor kids persists, not only when you control for MATT BRUENIG DOT COM Enormous productive potential being wasted as unemployment creeps higher. The Bureau of Labor Statistics released their June employment report today, and almost all of the findings recorded in the report were awful. Unemployment is up to 9.2 percent, more HOW MANY TRANS PEOPLE ARE THERE? I was curious about this question and in my search for an answer, I found this Williams Institute report, which appears to be the best summary of the various surveys and estimates out there.The other literature on this question pegs the percent of the adult population who identify as transgender between 0.1% and 0.5%. CAN YOU SUSTAIN AN ECONOMIC PHILOSOPHY SOLELY BY BEGGING Can you sustain an economic philosophy solely by begging the question? This piece by David S. D’Amato was just brought to my attention. It is made in response to a post I wrote earlier in which I asked why we should have property at all if it is indeed a liberty-infringing institution, like libertarian Matt Zwolinski concedes.MATTBRUENIG
301 Moved Permanently. openresty CONTRACTING COVID IS LIKE GETTING AN 84% EFFICACY VACCINE This study shows that previous infection with SARS-CoV-2 induces effective immunity to future infections in most individuals. The 84% efficacy is less than the Moderna and Pfizer vaccines, which clock in at 94% and 95% respectively. But it is more effective than the Johnson and Johnson vaccine, which has an efficacy of just 72%. Assuming this THE ANTI-BIGNESS IDEOLOGY The Anti-Bigness Ideology. Over at Slow Boring, Matt Yglesias has a piece arguing that Amazon is not a monopoly and that a lot of what passes for anti-monopoly discourse is actually anti-bigness discourse. I agree with Yglesias on this point. Not all anti-monopoly advocates are motivated by anti-bigness per se, but many of them are, and this THE PRIVATE PROPERTY AND PERSONAL The typical socialist view is that, in general, non-produced assets and capital goods should be collectively owned by the entire relevant population while consumer goods, once distributed, should be privately owned by the individual. The category of consumer goods SOCIALISM AND THE WELFARE STATE Socialism and the welfare state are not competing ways to address the same problems. They are complementary ways of addressing very different problems. One of the problems with the laissez-faire capitalist system is that, in it, the ownership and control of production is concentrated in the hands of a relatively small group ofpeople.
PHILOSOPHY – PAGE 25 – MATT BRUENIG DOT COM A three-author piece on libertarianism and workplace coercion has been ripping through the popular political blogs in the last few days. The piece is long, and its points are varied, but the biggest one is that laissez-faire capitalism — the favored economic form of libertarianism — generates conditions of coercion that violate thevery liberty
DEMOCRATS WHO DISENFRANCHISE Democrats Who Disenfranchise. Two election process topics have dominated the discourse in the last couple of months. The first is HR1, a Democratic initiative that would, among other things, expand same-day voter registration, automatic voter registration, vote-by-mail and and early voting. The second is the Georgia votinglaw, a Republican
WHAT IS LOST IN POST-SCARCITY? This access travels with the consumer so long as they take their phone with them and can be played on headphones, car speakers, and home speakers. Switching between genres, artists, and songs is also nearly frictionless. From the perspective of the consumer, music streaming services are essentially what a post-scarcity utopia looks like. MATT BRUENIG DOT COM The Christian Socialist was a British publication in the late 19th and early 20th century. I pulled out this fun bit: If the means of production were monopolised by one individual, everybody would admit that a man in such a position would have despotic IS MERITOCRACY REAL? Is Meritocracy Real? Over at Slow Boring, Matt Yglesias argues that meritocracy is real but bad. Yglesias contrasts his take with the conventional position that is presented as anti-meritocracy but actually just argues that we don’t live in a meritocracy. And if you talk to people with a curious and open mind, you’ll pretty quicklyfind out
WHAT IS A MUTUALLY BENEFICIAL TRANSACTION REALLY? Imagine you are going on a nature walk on an extremely cold day. You are ten miles from your home or any other shelter. I come along, point a gun at your head, and steal all of your clothes, but leave you yourwallet.
CONTRACTING COVID IS LIKE GETTING AN 84% EFFICACY VACCINE This study shows that previous infection with SARS-CoV-2 induces effective immunity to future infections in most individuals. The 84% efficacy is less than the Moderna and Pfizer vaccines, which clock in at 94% and 95% respectively. But it is more effective than the Johnson and Johnson vaccine, which has an efficacy of just 72%. Assuming this THE ANTI-BIGNESS IDEOLOGY The Anti-Bigness Ideology. Over at Slow Boring, Matt Yglesias has a piece arguing that Amazon is not a monopoly and that a lot of what passes for anti-monopoly discourse is actually anti-bigness discourse. I agree with Yglesias on this point. Not all anti-monopoly advocates are motivated by anti-bigness per se, but many of them are, and this THE PRIVATE PROPERTY AND PERSONAL The typical socialist view is that, in general, non-produced assets and capital goods should be collectively owned by the entire relevant population while consumer goods, once distributed, should be privately owned by the individual. The category of consumer goods SOCIALISM AND THE WELFARE STATE Socialism and the welfare state are not competing ways to address the same problems. They are complementary ways of addressing very different problems. One of the problems with the laissez-faire capitalist system is that, in it, the ownership and control of production is concentrated in the hands of a relatively small group ofpeople.
PHILOSOPHY – PAGE 25 – MATT BRUENIG DOT COM A three-author piece on libertarianism and workplace coercion has been ripping through the popular political blogs in the last few days. The piece is long, and its points are varied, but the biggest one is that laissez-faire capitalism — the favored economic form of libertarianism — generates conditions of coercion that violate thevery liberty
DEMOCRATS WHO DISENFRANCHISE Democrats Who Disenfranchise. Two election process topics have dominated the discourse in the last couple of months. The first is HR1, a Democratic initiative that would, among other things, expand same-day voter registration, automatic voter registration, vote-by-mail and and early voting. The second is the Georgia votinglaw, a Republican
WHAT IS LOST IN POST-SCARCITY? This access travels with the consumer so long as they take their phone with them and can be played on headphones, car speakers, and home speakers. Switching between genres, artists, and songs is also nearly frictionless. From the perspective of the consumer, music streaming services are essentially what a post-scarcity utopia looks like. IS MERITOCRACY REAL? Is Meritocracy Real? Over at Slow Boring, Matt Yglesias argues that meritocracy is real but bad. Yglesias contrasts his take with the conventional position that is presented as anti-meritocracy but actually just argues that we don’t live in a meritocracy. And if you talk to people with a curious and open mind, you’ll pretty quicklyfind out
MATT BRUENIG DOT COM The Christian Socialist was a British publication in the late 19th and early 20th century. I pulled out this fun bit: If the means of production were monopolised by one individual, everybody would admit that a man in such a position would have despotic WHAT IS A MUTUALLY BENEFICIAL TRANSACTION REALLY? Imagine you are going on a nature walk on an extremely cold day. You are ten miles from your home or any other shelter. I come along, point a gun at your head, and steal all of your clothes, but leave you yourwallet.
MATT BRUENIG DOT COM Contracting Covid Is Like Getting an 84% Efficacy Vaccine. The discourse is ablaze with commentary about the CDC’s recommendation to temporarily halt the use of the Johnson and Johnson vaccine. The reason for the recommendation is that six women developed a rare blood-clotting disease shortly after receiving the vaccine. WHAT IS LOST IN POST-SCARCITY? This access travels with the consumer so long as they take their phone with them and can be played on headphones, car speakers, and home speakers. Switching between genres, artists, and songs is also nearly frictionless. From the perspective of the consumer, music streaming services are essentially what a post-scarcity utopia looks like. MATT BRUENIG DOT COM The Christian Socialist was a British publication in the late 19th and early 20th century. I pulled out this fun bit: If the means of production were monopolised by one individual, everybody would admit that a man in such a position would have despotic VIOLENCE, PROPERTY, THEFT, AND ENTITLEMENT The modified definition of theft goes like this: Theft occurs when (1) you threaten or use force against someone (2) to exclude them from scarce material resources (3) without their consent (4) provided the scarce material resource belongs to them. The fourth prong is the Entitlement Prong. It essentially states that (1)- (3) are only theft THE MEIDNER PLAN FOR SOCIALISM The Meidner Plan for Socialism. Rudolf Meidner was the Swedish economist most responsible for Sweden’s economic model in the 1950s to 1970s. Near the end of his reign and the golden era of Swedish social democracy, he put forward a proposal that became known as the Meidner Plan. If followed, the Meidner Plan would have graduallytransferred
PHILOSOPHY – PAGE 26 – MATT BRUENIG DOT COM One of the fundamental splits between libertarians and left-liberals is the two groups’ understanding of voluntariness. For libertarians, voluntariness is a purely procedural notion. WHAT’S MORE IMPORTANT: A COLLEGE DEGREE OR BEING BORN RICH Notice that only 10% of those kids wind up in the richest fifth. So, you are 2.5x more likely to be a rich adult if you were born rich and never bothered to go to college than if you were born poor and, against all odds, went to college and graduated. The disparity in the outcomes of rich and poor kids persists, not only when you control for HOW MANY TRANS PEOPLE ARE THERE? I was curious about this question and in my search for an answer, I found this Williams Institute report, which appears to be the best summary of the various surveys and estimates out there.The other literature on this question pegs the percent of the adult population who identify as transgender between 0.1% and 0.5%. CAN YOU SUSTAIN AN ECONOMIC PHILOSOPHY SOLELY BY BEGGING Can you sustain an economic philosophy solely by begging the question? This piece by David S. D’Amato was just brought to my attention. It is made in response to a post I wrote earlier in which I asked why we should have property at all if it is indeed a liberty-infringing institution, like libertarian Matt Zwolinski concedes.MATTBRUENIG
301 Moved Permanently. openresty CONTRACTING COVID IS LIKE GETTING AN 84% EFFICACY VACCINE This study shows that previous infection with SARS-CoV-2 induces effective immunity to future infections in most individuals. The 84% efficacy is less than the Moderna and Pfizer vaccines, which clock in at 94% and 95% respectively. But it is more effective than the Johnson and Johnson vaccine, which has an efficacy of just 72%. Assuming this SOCIALISM AND THE WELFARE STATE Socialism and the welfare state are not competing ways to address the same problems. They are complementary ways of addressing very different problems. One of the problems with the laissez-faire capitalist system is that, in it, the ownership and control of production is concentrated in the hands of a relatively small group ofpeople.
WHAT IS LOST IN POST-SCARCITY? This access travels with the consumer so long as they take their phone with them and can be played on headphones, car speakers, and home speakers. Switching between genres, artists, and songs is also nearly frictionless. From the perspective of the consumer, music streaming services are essentially what a post-scarcity utopia looks like. THE PRIVATE PROPERTY AND PERSONAL PROPERTY DISTINCTION The typical socialist view is that, in general, non-produced assets and capital goods should be collectively owned by the entire relevant population while consumer goods, once distributed, should be privately owned by the individual. The category of consumer goods IS MERITOCRACY REAL? Is Meritocracy Real? Over at Slow Boring, Matt Yglesias argues that meritocracy is real but bad. Yglesias contrasts his take with the conventional position that is presented as anti-meritocracy but actually just argues that we don’t live in a meritocracy. And if you talk to people with a curious and open mind, you’ll pretty quicklyfind out
ME AND MODERN MONETARY THEORY Normally, we would say it will tax $10 from Rachel, thus causing her bank account to fall to $90, and the government’s bank account to jump to $10. We understand this as transferring $10 from Rachel to the government. MMTers say that we are mentally confused when we call this a transfer. Money is not a real thing like that. WHAT IS A MUTUALLY BENEFICIAL TRANSACTION REALLY? Imagine you are going on a nature walk on an extremely cold day. You are ten miles from your home or any other shelter. I come along, point a gun at your head, and steal all of your clothes, but leave you yourwallet.
STRUCTURAL POVERTY, OBVIOUSLY THE CASE Structural Poverty. To rehash the basic idea: structural poverty refers to poverty that is derivative of the way that we have structured our economy. In particular, when I use it, I am generally referring to the way in which market economic structures (which, recall, are imposed by governments) distribute income, and how thatdistribution
THE NOZICKIAN CASE FOR RAWLS’ DIFFERENCE PRINCIPLE The decision to opt into whatever non-Rawlsian system you are using therefore always runs afoul of Nozick’s non-worsening requirement. Thus, there is a very strong Nozickian case to be made for Rawls’ difference principle. Because the reality of scarcity causes the use of resources to necessarily infringe upon the liberty of others, it WHAT’S MORE IMPORTANT: A COLLEGE DEGREE OR BEING BORN RICH Notice that only 10% of those kids wind up in the richest fifth. So, you are 2.5x more likely to be a rich adult if you were born rich and never bothered to go to college than if you were born poor and, against all odds, went to college and graduated. The disparity in the outcomes of rich and poor kids persists, not only when you control for CONTRACTING COVID IS LIKE GETTING AN 84% EFFICACY VACCINE This study shows that previous infection with SARS-CoV-2 induces effective immunity to future infections in most individuals. The 84% efficacy is less than the Moderna and Pfizer vaccines, which clock in at 94% and 95% respectively. But it is more effective than the Johnson and Johnson vaccine, which has an efficacy of just 72%. Assuming this SOCIALISM AND THE WELFARE STATE Socialism and the welfare state are not competing ways to address the same problems. They are complementary ways of addressing very different problems. One of the problems with the laissez-faire capitalist system is that, in it, the ownership and control of production is concentrated in the hands of a relatively small group ofpeople.
WHAT IS LOST IN POST-SCARCITY? This access travels with the consumer so long as they take their phone with them and can be played on headphones, car speakers, and home speakers. Switching between genres, artists, and songs is also nearly frictionless. From the perspective of the consumer, music streaming services are essentially what a post-scarcity utopia looks like. THE PRIVATE PROPERTY AND PERSONAL PROPERTY DISTINCTION The typical socialist view is that, in general, non-produced assets and capital goods should be collectively owned by the entire relevant population while consumer goods, once distributed, should be privately owned by the individual. The category of consumer goods IS MERITOCRACY REAL? Is Meritocracy Real? Over at Slow Boring, Matt Yglesias argues that meritocracy is real but bad. Yglesias contrasts his take with the conventional position that is presented as anti-meritocracy but actually just argues that we don’t live in a meritocracy. And if you talk to people with a curious and open mind, you’ll pretty quicklyfind out
ME AND MODERN MONETARY THEORY Normally, we would say it will tax $10 from Rachel, thus causing her bank account to fall to $90, and the government’s bank account to jump to $10. We understand this as transferring $10 from Rachel to the government. MMTers say that we are mentally confused when we call this a transfer. Money is not a real thing like that. WHAT IS A MUTUALLY BENEFICIAL TRANSACTION REALLY? Imagine you are going on a nature walk on an extremely cold day. You are ten miles from your home or any other shelter. I come along, point a gun at your head, and steal all of your clothes, but leave you yourwallet.
STRUCTURAL POVERTY, OBVIOUSLY THE CASE Structural Poverty. To rehash the basic idea: structural poverty refers to poverty that is derivative of the way that we have structured our economy. In particular, when I use it, I am generally referring to the way in which market economic structures (which, recall, are imposed by governments) distribute income, and how thatdistribution
THE NOZICKIAN CASE FOR RAWLS’ DIFFERENCE PRINCIPLE The decision to opt into whatever non-Rawlsian system you are using therefore always runs afoul of Nozick’s non-worsening requirement. Thus, there is a very strong Nozickian case to be made for Rawls’ difference principle. Because the reality of scarcity causes the use of resources to necessarily infringe upon the liberty of others, it WHAT’S MORE IMPORTANT: A COLLEGE DEGREE OR BEING BORN RICH Notice that only 10% of those kids wind up in the richest fifth. So, you are 2.5x more likely to be a rich adult if you were born rich and never bothered to go to college than if you were born poor and, against all odds, went to college and graduated. The disparity in the outcomes of rich and poor kids persists, not only when you control for MATT BRUENIG DOT COM Contracting Covid Is Like Getting an 84% Efficacy Vaccine. The discourse is ablaze with commentary about the CDC’s recommendation to temporarily halt the use of the Johnson and Johnson vaccine. The reason for the recommendation is that six women developed a rare blood-clotting disease shortly after receiving the vaccine. CONTRACTING COVID IS LIKE GETTING AN 84% EFFICACY VACCINE This study shows that previous infection with SARS-CoV-2 induces effective immunity to future infections in most individuals. The 84% efficacy is less than the Moderna and Pfizer vaccines, which clock in at 94% and 95% respectively. But it is more effective than the Johnson and Johnson vaccine, which has an efficacy of just 72%. Assuming this IS MERITOCRACY REAL? Is Meritocracy Real? Over at Slow Boring, Matt Yglesias argues that meritocracy is real but bad. Yglesias contrasts his take with the conventional position that is presented as anti-meritocracy but actually just argues that we don’t live in a meritocracy. And if you talk to people with a curious and open mind, you’ll pretty quicklyfind out
MATT BRUENIG DOT COM The Christian Socialist was a British publication in the late 19th and early 20th century. I pulled out this fun bit: If the means of production were monopolised by one individual, everybody would admit that a man in such a position would have despotic DEMOCRATS WHO DISENFRANCHISE Democrats Who Disenfranchise. Two election process topics have dominated the discourse in the last couple of months. The first is HR1, a Democratic initiative that would, among other things, expand same-day voter registration, automatic voter registration, vote-by-mail and and early voting. The second is the Georgia votinglaw, a Republican
MATT BRUENIG DOT COM Conor P. Williams has a piece at 74 million that dabbles in a genre I’ve been meaning to comment on for a while. The nut of it is suggested by the title: Liberals Push to Correct Inequality — Just Not If It Involves Opening Up Our Neighborhood Schools. PHILOSOPHY – PAGE 26 – MATT BRUENIG DOT COM One of the fundamental splits between libertarians and left-liberals is the two groups’ understanding of voluntariness. For libertarians, voluntariness is a purely procedural notion. VIOLENCE, PROPERTY, THEFT, AND ENTITLEMENT The modified definition of theft goes like this: Theft occurs when (1) you threaten or use force against someone (2) to exclude them from scarce material resources (3) without their consent (4) provided the scarce material resource belongs to them. The fourth prong is the Entitlement Prong. It essentially states that (1)- (3) are only theft THE MEIDNER PLAN FOR SOCIALISM The Meidner Plan for Socialism. Rudolf Meidner was the Swedish economist most responsible for Sweden’s economic model in the 1950s to 1970s. Near the end of his reign and the golden era of Swedish social democracy, he put forward a proposal that became known as the Meidner Plan. If followed, the Meidner Plan would have graduallytransferred
A BASIC PRIMER ON RAWLSIAN AND EGALITARIAN DISTRIBUTIVE Defenders of egalitarianism have at least two arguments against the Rawlsian approach. First, some argue that the introduction of inequality in and of itself creates social problems. This is the basic thesis of The Spirit Level. At some point, marginal increases in total consumption do not deliver that much more enjoyment or happiness. CONTRACTING COVID IS LIKE GETTING AN 84% EFFICACY VACCINE This study shows that previous infection with SARS-CoV-2 induces effective immunity to future infections in most individuals. The 84% efficacy is less than the Moderna and Pfizer vaccines, which clock in at 94% and 95% respectively. But it is more effective than the Johnson and Johnson vaccine, which has an efficacy of just 72%. Assuming this MATT BRUENIG DOT COM The Christian Socialist was a British publication in the late 19th and early 20th century. I pulled out this fun bit: If the means of production were monopolised by one individual, everybody would admit that a man in such a position would have despotic ME AND MODERN MONETARY THEORY Normally, we would say it will tax $10 from Rachel, thus causing her bank account to fall to $90, and the government’s bank account to jump to $10. We understand this as transferring $10 from Rachel to the government. MMTers say that we are mentally confused when we call this a transfer. Money is not a real thing like that. WHAT IS A MUTUALLY BENEFICIAL TRANSACTION REALLY? Imagine you are going on a nature walk on an extremely cold day. You are ten miles from your home or any other shelter. I come along, point a gun at your head, and steal all of your clothes, but leave you yourwallet.
THE MEIDNER PLAN FOR SOCIALISM The Meidner Plan for Socialism. Rudolf Meidner was the Swedish economist most responsible for Sweden’s economic model in the 1950s to 1970s. Near the end of his reign and the golden era of Swedish social democracy, he put forward a proposal that became known as the Meidner Plan. If followed, the Meidner Plan would have graduallytransferred
STRUCTURAL POVERTY, OBVIOUSLY THE CASE Structural Poverty. To rehash the basic idea: structural poverty refers to poverty that is derivative of the way that we have structured our economy. In particular, when I use it, I am generally referring to the way in which market economic structures (which, recall, are imposed by governments) distribute income, and how thatdistribution
A BASIC PRIMER ON RAWLSIAN AND EGALITARIAN DISTRIBUTIVE Defenders of egalitarianism have at least two arguments against the Rawlsian approach. First, some argue that the introduction of inequality in and of itself creates social problems. This is the basic thesis of The Spirit Level. At some point, marginal increases in total consumption do not deliver that much more enjoyment or happiness. WHAT’S MORE IMPORTANT: A COLLEGE DEGREE OR BEING BORN RICH Notice that only 10% of those kids wind up in the richest fifth. So, you are 2.5x more likely to be a rich adult if you were born rich and never bothered to go to college than if you were born poor and, against all odds, went to college and graduated. The disparity in the outcomes of rich and poor kids persists, not only when you control for MATT BRUENIG DOT COM Enormous productive potential being wasted as unemployment creeps higher. The Bureau of Labor Statistics released their June employment report today, and almost all of the findings recorded in the report were awful. Unemployment is up to 9.2 percent, moreMATTBRUENIG
301 Moved Permanently. openresty CONTRACTING COVID IS LIKE GETTING AN 84% EFFICACY VACCINE This study shows that previous infection with SARS-CoV-2 induces effective immunity to future infections in most individuals. The 84% efficacy is less than the Moderna and Pfizer vaccines, which clock in at 94% and 95% respectively. But it is more effective than the Johnson and Johnson vaccine, which has an efficacy of just 72%. Assuming this MATT BRUENIG DOT COM The Christian Socialist was a British publication in the late 19th and early 20th century. I pulled out this fun bit: If the means of production were monopolised by one individual, everybody would admit that a man in such a position would have despotic ME AND MODERN MONETARY THEORY Normally, we would say it will tax $10 from Rachel, thus causing her bank account to fall to $90, and the government’s bank account to jump to $10. We understand this as transferring $10 from Rachel to the government. MMTers say that we are mentally confused when we call this a transfer. Money is not a real thing like that. WHAT IS A MUTUALLY BENEFICIAL TRANSACTION REALLY? Imagine you are going on a nature walk on an extremely cold day. You are ten miles from your home or any other shelter. I come along, point a gun at your head, and steal all of your clothes, but leave you yourwallet.
THE MEIDNER PLAN FOR SOCIALISM The Meidner Plan for Socialism. Rudolf Meidner was the Swedish economist most responsible for Sweden’s economic model in the 1950s to 1970s. Near the end of his reign and the golden era of Swedish social democracy, he put forward a proposal that became known as the Meidner Plan. If followed, the Meidner Plan would have graduallytransferred
STRUCTURAL POVERTY, OBVIOUSLY THE CASE Structural Poverty. To rehash the basic idea: structural poverty refers to poverty that is derivative of the way that we have structured our economy. In particular, when I use it, I am generally referring to the way in which market economic structures (which, recall, are imposed by governments) distribute income, and how thatdistribution
A BASIC PRIMER ON RAWLSIAN AND EGALITARIAN DISTRIBUTIVE Defenders of egalitarianism have at least two arguments against the Rawlsian approach. First, some argue that the introduction of inequality in and of itself creates social problems. This is the basic thesis of The Spirit Level. At some point, marginal increases in total consumption do not deliver that much more enjoyment or happiness. WHAT’S MORE IMPORTANT: A COLLEGE DEGREE OR BEING BORN RICH Notice that only 10% of those kids wind up in the richest fifth. So, you are 2.5x more likely to be a rich adult if you were born rich and never bothered to go to college than if you were born poor and, against all odds, went to college and graduated. The disparity in the outcomes of rich and poor kids persists, not only when you control for MATT BRUENIG DOT COM Enormous productive potential being wasted as unemployment creeps higher. The Bureau of Labor Statistics released their June employment report today, and almost all of the findings recorded in the report were awful. Unemployment is up to 9.2 percent, moreMATTBRUENIG
301 Moved Permanently. openresty MATT BRUENIG DOT COM Contracting Covid Is Like Getting an 84% Efficacy Vaccine. The discourse is ablaze with commentary about the CDC’s recommendation to temporarily halt the use of the Johnson and Johnson vaccine. The reason for the recommendation is that six women developed a rare blood-clotting disease shortly after receiving the vaccine.MATT BRUENIG
The Communal Feeling of Monopoly. Netflix is currently streaming The Last Blockbuster, a movie about the rise and fall of the monopoly video rental giant. There are a lot of interesting tidbits in the movie, including a former executive explaining that the company did not really get caught flat-footed by services like Netflix but wasinstead
MATT BRUENIG DOT COM The layer of topsoil a person has mixed their labor with could be shoveled into a truck and moved elsewhere. Once that soil is moved, nothing is left in the space that the person has mixed their labor with. The same is true of any other labor mixed in any other space. A house built on some piece of land could be loaded onto a special truckand
MATT BRUENIG DOT COM The Christian Socialist was a British publication in the late 19th and early 20th century. I pulled out this fun bit: If the means of production were monopolised by one individual, everybody would admit that a man in such a position would have despotic WHAT IS LOST IN POST-SCARCITY? This access travels with the consumer so long as they take their phone with them and can be played on headphones, car speakers, and home speakers. Switching between genres, artists, and songs is also nearly frictionless. From the perspective of the consumer, music streaming services are essentially what a post-scarcity utopia looks like. IS MERITOCRACY REAL? Is Meritocracy Real? Over at Slow Boring, Matt Yglesias argues that meritocracy is real but bad. Yglesias contrasts his take with the conventional position that is presented as anti-meritocracy but actually just argues that we don’t live in a meritocracy. And if you talk to people with a curious and open mind, you’ll pretty quicklyfind out
THE PRIVATE PROPERTY AND PERSONAL PROPERTY DISTINCTION The typical socialist view is that, in general, non-produced assets and capital goods should be collectively owned by the entire relevant population while consumer goods, once distributed, should be privately owned by the individual. The category of consumer goods DEMOCRATS WHO DISENFRANCHISE Democrats Who Disenfranchise. Two election process topics have dominated the discourse in the last couple of months. The first is HR1, a Democratic initiative that would, among other things, expand same-day voter registration, automatic voter registration, vote-by-mail and and early voting. The second is the Georgia votinglaw, a Republican
PHILOSOPHY – PAGE 26 – MATT BRUENIG DOT COM James Kwak has an article in The Atlantic today about the ideological motivations of the modern-day Republican party. Specifically, he tries to explain why Republicans — the pre-eminent haters of taxation — often suggest raising taxes on the very poor. VIOLENCE, PROPERTY, THEFT, AND ENTITLEMENT The modified definition of theft goes like this: Theft occurs when (1) you threaten or use force against someone (2) to exclude them from scarce material resources (3) without their consent (4) provided the scarce material resource belongs to them. The fourth prong is the Entitlement Prong. It essentially states that (1)- (3) are only theftSkip to content
MATT BRUENIG DOT COM THE ANTI-BIGNESS IDEOLOGY Over at Slow Boring, Matt Yglesias has a piece arguing that Amazon is not a monopoly and that a lot of what passes for anti-monopoly discourse is actually anti-bigness discourse. I agree with Yglesias on this point. Not all anti-monopoly advocates are motivated by anti-bigness per se, but many of them are, and this can… Continue reading The Anti-Bigness IdeologyJune 3, 2021
WHAT IS LOST IN POST-SCARCITY? Last month, David Dayen set off a discussion about music in the age of streaming. Most of Dayen’s piece was about the economics of it all, but he also found space to lament the cultural effect of the shift towards these buffet-style music services. Perhaps most distressing of all, Spotify has changed how we listen to music,… Continue reading What Is Lost in Post-Scarcity?May 12, 2021
THE COMMUNAL FEELING OF MONOPOLY Netflix is currently streaming The Last Blockbuster, a movie about the rise and fall of the monopoly video rental giant. There are a lot of interesting tidbits in the movie, including a former executive explaining that the company did not really get caught flat-footed by services like Netflix but was instead just financially mismanaged to the… Continue reading The Communal Feeling of MonopolyMay 12, 2021
SOCIALISM AND THE WELFARE STATE Over at Twitter, Matt Yglesias shared my last post alongside the observation that it is weird that one of the biggest proponents of the welfare state in the policy game is “officially a socialist for Twitter feud purposes.” In the spirit of bringing the old blogging back, I figured I’d use it as a peg… Continue reading Socialism and the Welfare StateMay 12, 2021
THE PRIVATE PROPERTY AND PERSONAL PROPERTY DISTINCTION In beginner socialist circles, you see a strangely large amount of discussion about the difference between private property and personal property. This seems to be in significant part because certain kinds of people are partial to rhetoric like “abolish private property,” which they then need to walk back because that’s not actually what they want… Continue reading The Private Property and Personal Property DistinctionMay 12, 2021
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