Originally posted by Aeson
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Indian kid describes America
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If you make everything endogenous then everything is endogenous. I have no urge to dive into a chain of possibility that follows environment->culture->politics->economics. That is a fool's errand. What I can do is say that luck of the draw plays a direct role in the outcome of Norwegian wealth in a way that us luck does not. Oil extracted at a fraction of the sale price is free money which tells us little to nothing about the value of the policy choices of the Norwegian state. And you are being very dim or very disingenuous to avoid admitting that.12-17-10 Mohamed Bouazizi NEVER FORGET
Stadtluft Macht Frei
Killing it is the new killing it
Ultima Ratio Regum
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Watching you run away is even more funOriginally posted by KrazyHorse View PostWatching you twist to try to make this reasonable is entertaining.

Your assertioni was that HC is right that if a nation's wealth is partly based on natural resources it shouldn't count. So how much of the US wealth is based on extraction of natural resources?
Then how much of it is indirectly fueled by commodity extraction/funding? We can then have aa valid comparison. Maybe one that doesn't suit your and HC's desire to masturbate furiously over how much more productive the people that came before you were ... but that's the price of truth ...
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You're the one trying to move goalposts. I'm fine at the ones HC set, which is for calculating how much wealth should count in a direct comparison between countries, we should eliminate commodity based wealth, since it comes from the land and isn't equally apportioned on a per capita basis.Originally posted by KrazyHorse View PostIf you make everything endogenous then everything is endogenous. I have no urge to dive into a chain of possibility that follows environment->culture->politics->economics. That is a fool's errand. What I can do is say that luck of the draw plays a direct role in the outcome of Norwegian wealth in a way that us luck does not. Oil extracted at a fraction of the sale price is free money which tells us little to nothing about the value of the policy choices of the Norwegian state. And you are being very dim or very disingenuous to avoid admitting that.
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You actually just moved my goalposts, *******. I don't know why I ever read your posts. You're unbelievably dishonest.
Norway and Luxembourg (or some random city state) were brought up as counterexamples to US GDP per capita being higher than Europe's. Clearly our GDP per capita today is driven by pursuits other than resource extraction. Norway's isn't. It's not useful to compare our public policy to Norway.If there is no sound in space, how come you can hear the lasers?
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You think the farmers in Norway wouldn't love to be able to exploit the N American corn belt? What do you expect them to do, be as productive with land and climate that isn't anywhere near as productive? So should we not use American agriculture as part of our wealth? Or is that splitting hairs like disallowing oil extraction?
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Countries like Japan and korea have undergone a shift from medieval to modern economies in the amount of time since resource extraction has been a significant piece of the puzzle distinguishing the US and Europe. I will go ahead and posit that you don't need to understand resource extraction to understand why Americans are richer than Europeans today. kthxbyeOriginally posted by Lorizael View PostIf you're asking why a particular country is rich, then looking at its history of natural resource usage is not idiotic. Is America today driven by resource extraction? No. Was America driven by resource extraction in the past? Yes. Did that past lead to this present? Hmm...12-17-10 Mohamed Bouazizi NEVER FORGET
Stadtluft Macht Frei
Killing it is the new killing it
Ultima Ratio Regum
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You're just too stupid to understand what you said. You said Norway's wealth shouldn't count since it's partly derived from oil. We can extrapolate everything else I said easily enough from there.Originally posted by Hauldren Collider View PostYou actually just moved my goalposts, *******. I don't know why I ever read your posts. You're unbelievably dishonest.
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Just ignore the factors that don't agree with your dumb friend's assertion? Seems dishonest to me.Originally posted by KrazyHorse View PostCountries like Japan and korea have undergone a shift from medieval to modern economies in the amount of time since resource extraction has been a significant piece of the puzzle distinguishing the US and Europe. I will go ahead and posit that you don't need to understand resource extraction to understand why Americans are richer than Europeans today. kthxbye
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That is not what I said, and if you think it's what I said, it can only be because you're an idiot or doing your autistic thing where you take everything super literally in order to create false equivalencies and win the argument that is happening only inside your head, rather than the one actually playing out on the forum.Originally posted by Aeson View PostYou're just too stupid to understand what you said. You said Norway's wealth shouldn't count since it's partly derived from oil. We can extrapolate everything else I said easily enough from there.If there is no sound in space, how come you can hear the lasers?
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Sorry, try again. My assertion is that if you can attribute all of the out performance of an economy directly to found money, then the performance diff tells you nothing. If you're going to construct strawmen, please do so with greater cleverness.Originally posted by Aeson View PostWatching you run away is even more fun
Your assertioni was that HC is right that if a nation's wealth is partly based on natural resources it shouldn't count.
****.12-17-10 Mohamed Bouazizi NEVER FORGET
Stadtluft Macht Frei
Killing it is the new killing it
Ultima Ratio Regum
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No, what isn't useful is pretending that the end state had nothing to do with the process which created it. It tells us nothing because you're ignoring all the factors that actually lead to the US wealth, outside of "we don't have Norways oil" and "EU is lazy/socialist". Both of which may be true, but crediting the entirety of wealth distribution to those two things is absurd.Originally posted by Hauldren Collider View PostNorway and Luxembourg (or some random city state) were brought up as counterexamples to US GDP per capita being higher than Europe's. Clearly our GDP per capita today is driven by pursuits other than resource extraction. Norway's isn't. It's not useful to compare our public policy to Norway.
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Aeson either deliberately misunderstands people or he is simply unable to understand degrees of scale. This is not the first time I've seen this.12-17-10 Mohamed Bouazizi NEVER FORGET
Stadtluft Macht Frei
Killing it is the new killing it
Ultima Ratio Regum
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