Friday, 27 December 2024

Billionaires Are Not As Rich As We And They Like To Pretend


The Scrooge McDuck model of obscene wealth, as propagated by inequality activists 
There are supposedly more than 2,500 billionaires in the world these days. While I certainly agree that these people are very very rich, it is important to be clear that they are not as rich as the infographics put about by the likes of Oxfam imply. The wealth of billionaires is largely theoretical - an accounting construction built upon generous assumptions rather than a literal pile of money. It would be more accurate to simply call them the super rich.

Monday, 16 December 2024

The Case Against Bottle Deposits

A common sight in Europe:
poor person searching bare-handed through
garbage bins in search of deposit bottles
Many environmentalists support the idea of charging deposits on drink bottles and cans in order to persuade people to bring them back for recycling. They believe this is a good and obvious way to reduce humans environmental impact.

They are mistaken.

While bottle deposit systems are superficially attractive they are a horrendously expensive way to do not much good, while also creating degrading and fundamentally worthless work for the poor. They are not the outcome of a real commitment to reducing humans' environmental impact but of our flawed human psychology. The fundamental political attraction of bottle deposits is twofold. They appeal to voters' underlying presumption that inflicting something mildly annoying on ourselves must be an effective means to address a problem, because the constant annoyance itself keeps in our mind that we really are doing something about it. (This resembles the folk-theory of medicine: If it tastes nasty it must be doing us good.) And bottle deposits appeal to governments' preference for getting something for free, since all they have to do is pass a law requiring that lots of other people organise and carry out a lot of fiddly work. It's a tax, but not one they have to justify and defend.

Monday, 9 December 2024

Artificial Wombs: A Technological (Partial) Solution To Gender Injustice and Global Fertility Collapse?

An artificial womb that allowed the entire gestation of babies to take place outside the human body would be an enormous benefit to humanity. Governments should be pouring tens of billions into the relevant sciences and technologies.

Such an invention would free women from the physiological burden of reproductive labour. It would also revolutionise fertility by expanding the number of people whose wish to have children can be fulfilled. Enormous direct value to human lives would be created by allowing such earnest desires to be met. In addition, if more people who want children could have children, then the global fertility collapse we are currently experiencing could be greatly reduced in severity, with beneficial political, social, and economic consequences for all.

Sunday, 1 December 2024

Why Is Trump's Administration So Packed With Losers? They Will Be Loyal

A great many of Trump's picks for government positions are obvious losers. Matt Gaetz, Tulsi Gabbard, Robert F. Kennedy, Marco Rubio, and so on have all tried and failed dismally to make any kind of impact in their political careers. Many others on Trump's list are such nobodies that no one had heard of them until this moment. Why?

The explanation is quite simple: Trump prefers hiring losers because they have no better option than loyalty.