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#laissez faire
vintage-tigre · 11 months
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dndtreasury · 1 year
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Laissez-Faire
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toastyslayingbutter · 1 month
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A fantastic takedown of Thomas Sowell's writings, logic, and ideology.
A worthwhile watch - a little lengthy at 2.5 hours though - but he has a lot of work to get through.
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tenth-sentence · 6 months
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The essentially laissez-faire doctrines of social Darwinism had occasionally given rise to calls for sterilisation of the feeble-minded, but it was not until the rise of an organised eugenics movement that such suggestions commanded widespread support.
"Frankenstein's Footsteps: Science, Genetics and Popular Culture" - Jon Turney
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srndpt2024 · 9 months
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elegantzombielite · 2 years
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"I tire so of hearing people say, / Let things take their course. / Tomorrow is another day. / I do not need my freedom when I'm dead. / I cannot live on tomorrow's bread."
Langston Hughes, poet and novelist (1 February 1902-1967)
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raglanphd · 2 years
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racefortheironthrone · 3 months
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Why do economists need to shut up about mercantilism, as you alluded to in your post about Louis XIV's chief ministers?
In part due to their supposed intellectual descent from Adam Smith and the other classical economists, contemporary economists are pretty uniformly hostile to mercantilism, seeing it as a wrong-headed political economy that held back human progress until it was replaced by that best of all ideas: capitalism.
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As a student of economic history and the history of political economy, I find that economists generally have a pretty poor understanding of what mercantilists actually believed and what economic policies they actually supported. In reality, a lot of the things that economists see as key advances in the creation of capitalism - the invention of the joint-stock company, the creation of financial markets, etc. - were all accomplishments of mercantiism.
Rather than the crude stereotype of mercantilists as a bunch of monetary weirdos who thought the secret to prosperity was the hoarding of precious metals, mercantilists were actually lazer-focused on economic development. The whole business about trying to achieve a positive balance of trade and financial liquidity and restraining wages was all a means to an end of economic development. Trade surpluses could be invested in manufacturing and shipping, gold reserves played an important role in deepening capital pools and thus increasing levels of investment at lower interest rates that could support larger-scale and more capital intensive enterprises, and so forth.
Indeed, the arch-sin of mercantilism in the eyes of classical and contemporary economists, their interference in free trade through tariffs, monopolies, and other interventions, was all directed at the overriding economic goal of climbing the value-added ladder.
Thus, England (and later Britain) put a tariff on foreign textiles and an export tax on raw wool and forbade the emigration of skilled workers (while supporting the immigration of skilled workers to England) and other mercantilist policies to move up from being exporters of raw wool (which meant that most of the profits from the higher value-added part of the industry went to Burgundy) to being exporters of cheap wool cloth to being exporters of more advanced textiles. Hell, even Adam Smith saw the logic of the Navigation Acts!
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And this is what brings me to the most devastating critique of the standard economist narrative about mercantilism: the majority of the countries that successfully industrialized did so using mercantilist principles rather than laissez-faire principles:
When England became the first industrial economy, it did so under strict protectionist policies and only converted to free trade once it had gained enough of a technological and economic advantage over its competitors that it didn't need protectionism any more.
When the United States industrialized in the 19th century and transformed itself into the largest economy in the world, it did so from behind high tariff walls.
When Germany made itself the leading industrial power on the Continent, it did so by rejecting English free trade economics and having the state invest heavily in coal, steel, and railroads. Free trade was only for within the Zollverein, not with the outside world.
And as Dani Rodrik, Ha-Joon Chang, and others have pointed out, you see the same thing with Japan, South Korea, China...everywhere you look, you see protectionism as the means of achieving economic development, and then free trade only working for already-developed economies.
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locklaicy · 2 days
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les gars on s'est fait gaulé.......
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buckybarnesss · 23 days
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i made a teen wolf discord server if anyone is interested in joining myself and @dear-massacre. you can send me a DM or ask if you want an invite link.
it's for 18+
for those interested in meta, discussing canon and fan theories
silly memes
friendly to all ships
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mori-no-majou · 20 days
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she hasn’t even said anything yet and already I can’t wait for izutsumi to ditch shuro and go hang out with the cool kids instead
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solitarelee · 10 months
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hi! what was the name of the chuck tingle short story?
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Conservative Pounded by the Realization that the Protest Music He Grew Up On Does Not Actually Support His Current Hateful Ideology! You can get it on Amazon for like $3 or just join his Patreon and get it and a ton more stuff for like $5 which is obviously the way better deal because then you have Patreon access for a month.
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coquelicoq · 1 month
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ian eagle just said that a player "put some english on it, but not enough", meaning he didn't give the ball enough spin. i only knew what he meant because this is sometimes a crossword clue for MASSE, because of the massé shot in billiards (i don't know anything about billiards, i just do a lot of crosswords). i looked up the etymology and it's from french anglé (which sounds like anglais). i fucking love words dude
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utilitycaster · 8 months
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I know this is coming from me, a morbid bitch, and I know we are talking about a world in which resurrection is possible and communication past death is as well. But that's still not an option for the vast majority of people in that world; even in Exandria most people die and they don't come back in any capacity. Indeed, one might say that a theme of this campaign is a people who either have been brought back - not always willingly - or people who lived past the point where they wanted to or expected to die. (this is also a theme of the Mighty Nein, but in a very different way.) Anyway, this is going to sound immensely cheesy but I do hope that a number of Bells Hells go check out Evontra'vir and spend some time hanging out in there, but also perhaps the fandom should, metaphorically, do so as well, because I think a lot of disagreement or weird takes could be improved by accepting that there will be death in these stories.
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chroma-imp-draws · 7 months
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OC-tober Day 4: Redesign
I took a stab at redesigning Zen and her main outfit a little bit for this one! She's part of the magical girl coded horrible women's club lol
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elminx · 2 months
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My take on spirit work is pretty laid back in comparison to a lot of people.
Like, of course, you can live in my house and come hang out and stuff so long as you can generally get along with everybody else. But that doesn't mean you get special treatment.
I'll try to remember your birthday, but no guarantees.
If you want something, you need to use your words. (that one's pretty metaphorical but you do need to be able to communicate with me)
Sure, if you tell me it's your birthday and you ask for something reasonable, I will do my very best to accommodate you. It would be nice if you would do the same.
Right?
Like, we're buds. We hang out. Sometimes we do things for each other. But I don't always pick up the phone, so you shouldn't have to either.
If you wander away, I'll get sad and nostalgic about it, and, in most cases, you are welcome to wander back. If I wander too far, remind me that you exist.
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