It starts badly.
“A core failure of the RMA was the absence of clear direction from central government,” says Bishop.
No. RMA's core failure is the complete absence of private property rights.
This "reform" promises rights, but looks like it delivers more planning documents
Green Party co-leader Chlöe Swarbrick says massive power-hungry AI data centres risk driving up electricity prices for the impoverished. Yet, as she knows, her push for Net Zero makes rising electricity prices a 100% certainty. She cries crocodile tears.
I actually really love that my timeline is entirely consumed with discourse on The Odyssey. So many wonderful little tangents & details, from odysseys’ relationship with Penelope, to the motives of men, and root of temptation…it’s been a long time since I’ve enjoyed popping on here and just quietly perusing what people have written, most of which is quite intelligent and thoughtful. At any rate, it sure beats the endless barrage of engagement farming questions that were clogging this place for a while.
For most of human history, poverty was normal. Prosperity is the strange achievement.
Young people should learn what made that achievement possible before they vote to destroy it.
People who have never set up a medium sized business want to tax others to set up a power company to compete with three other majority state owned power companies, and then tell you it will be "cheaper" presumably because it will run at a loss https://t.co/M7adBx5474
Is there anything better in world sport than watching England fans tearing their hair out at ANOTHER last-minute World Cup semifinal exit. Never gets old. #ThisIsWhyWeGoToTheFootball
Outrageous. Has Russia ended its brutal war? Has Russia stopped bombing Ukrainian sports facilities and killing Ukrainian athletes? Has Putin returned the abducted children to their families? Has the Russian army stopped committing war crimes? Then what the hell, @iocmedia?
As you become an adult, you realize that things around you weren't just always there; people made them happen. But only recently have I started to internalize how much tenacity *everything* requires. That hotel, that park, that railway. The world is a museum of passion projects.
The collectivist says the billionaire exploits the workers beneath him. Ayn Rand answered this completely with what she called the pyramid of ability.
In a free economy, the man of greater ability gives far more to those below him than they give to him. The physicist who discovers a principle hands a gift to every engineer who uses it. The industrialist who organizes production raises the wage and the standard of living of every worker he employs. But the reverse isn't true. The workers could never replace him, and could not produce on their own what he makes possible.
As Rand put it: "the man at the top of the intellectual pyramid contributes the most to all those below him."
So the truth is the exact opposite of the Marxist claim. The able man is not the exploiter. He is the benefactor of everyone beneath him, earning in payment only a fraction of the value he creates and spreads to all the rest.
Envy calls that theft. Reality calls it the gift of genius.
What would it require to enforce Piketty’s plan? About this matter, he is conveniently vague. Confiscating something on the order of 10% of world GDP and redirecting it through a newly created supranational body does not happen by asking nicely. You cannot restructure the global economy at that scale without a coercive apparatus that dwarfs anything in human history.
The mechanism must be authoritarian. It would require a world government with the power to tell billions of people which jobs they may and may not hold, what they may build, what they may eat and how many hours they are permitted to work.
And to what end? “Climate change” is an insufficient answer when Picketty’s entire edifice is built on a discredited foundation. The report relies on a baseline from the RCP8.5 climate scenario that projects Earth warming by as much as 4.8 degrees Celsius by 2100. But last month, the UN’s own climate panel officially retired RCP8.5 (always a high-end estimate) as “implausible.” A more central projection is about 2.7 C. Replies to Piketty’s X feed pointed this out immediately. His response, as far as anyone can tell, has been silence.
That leaves the inequality argument. Worldwide income inequality is nearing a 150-year low, but Piketty insists that radical redistribution of wealth is essential for the Global South. And where have billionaires and wealth been popping up fastest in recent decades? Embarrassingly, data from Piketty’s World Inequality Database confirms that it’s in South and Southeast Asia, as well as East Asia. These are the exact Global South regions that have spent recent decades rescuing hundreds of millions of people from poverty through market-directed economic growth.
https://t.co/dfj8GYc91c