Category Archives: Screenshot
A screenshot from a digital device.
Its spooky when you create an example of the insanity of central planning by selecting a product at random and then explain how central planning would fail in managing supply of said product.
The real problem with central planning (a communist / Marxist economic paradigm) is that the real world is simply far to complex to model for a handful of bureaucrats. I used the example of vacuum cleaners and explained the insanity that ultimately you would need a minister for each product, of course each minister would need a salary and then attempt to manage production and supply of vacuum cleaners. Ultimately this is a fascist corporate monopoly and completely impossible to do.
After giving this example to a European tourist she mentioned that the European Union was about to ban the sale or importation of high powered vacuum cleaners.
I laughed hard.
This insane knee jerk reaction really made me laugh. I was imagining people hoarding vacuum cleaners soviet style. Then it actually happened.
So the next trip of why Marxism fails is this, why are there so many different types of vacuum cleaners? Because people have different needs.
You might find your eye drawn to the red out lined words “Pets 2000W”, some people have pets and need more power to remove animal hair form the floor.
So how is the minister of vacuum cleaners going to know what kind of vacuum cleaner the people want? Why would he care? Where is the additional motivation for the minister to innovate or increase the efficiency of production.
After you start asking yourself these questions, you will realize the impossibility of central planning.
So why the sudden hatred of high power vacuum cleaners?
Supposedly it is an energy efficiency measure. Strangely these bureaucrats failed to notice an important trend (because of course they have no incentive to care at all). Central planners refuse to think of people as individuals and would rather people fit tot he economic paradigm rather than the economic paradigm needing to fit the nature of people as individuals.
The important trend:
The decoupling of electric power consumption with GDP. These days it seem we are either using as much power as we could possibly desire, and/or able to more with the same energy consumption.
If you consider how much of the GDP is generated by computers (algo trading, software and data processing industry) and how much more efficient they have become in terms of teraflops per MW of the last few decades this chart make some sense.
Are you going to feel less or more comfortable at 23C than at 22C, there is even a limit to how fussy people want to be a about heating and cooling along with a greater focus on energy efficiency. It would seem the west has lost its appetite for electricity consumption.
So is it really going to make any sense to vacuum for twice as long with a 1000W vacuum cleaner, than once with a 200W vacuum cleaner? No and I would bet there is a sweet spot where energy is reduced and cleaning is maximized. So any way would you vacuum all day just for the sake of it,?well no. We are talking about a device that get used infrequently and for short periods of time.
I guess the minister of vacuum cleaners has to justify the high office he/she wants to hold.
I should admit now that I am a capitalist pig with two vacuum cleaners each of 1000W.
While on the same day yesterday, The age published two stories on Muslim issues but seemed to fail to understand any connection between the two stories. Do you guys even read your own paper? Of course it didn’t help that a ugly caricature of Tony Abbott in Speedos with a soccer ball was between the two stories discouraging any intelligent eye from moving in that path.
These publications took an interest in the mega mosque story.
Funny you didn’t care when they were building a mosque in Bendigo, but on your own doorstep, you did.
We call that NIMBY, Not In My Back Yard. Maybe you should all care more about this country, not just your own house price or debt to equity ratio.
Any statement from an Islamic body cannot be relied on,
as Islam demands that all Muslims must lie in order to advance the cause of Islam.
This practice is called:
Where is the money coming from?
In other news… Denice Cosgrove WorkSafe Victoria still at large
Now that’s what I call journalism…
there is a little thing at the bottom of the page called ‘comments’ with a number next to it, if you read that section you might get some more context before you run off half cocked, I think you have that feature on some of your articles, we have it on all of our articles. And yes we moderate comments also.
Of course the global warming people will call the Met Office ‘a fringe anti-government cult’ or ‘paid off shill’.
The last time global warming was a plausible theory was when Bill Clinton was in office.
Global warming and climate change celebrates 15 years of cognitive dissonance.
It started out as an internet meme of a dog on a couch, made into the mascot of a cryptocurrrency ( similar in principle to bitcoin). But now this underdog has had a massive surge in value, increasing by more than 500% in the last week. As stated it is similar to Bitcoin for those not acquainted with the Bitcoin/altcoin/cryptocurrency world, but has significant differences. It has a maximum number of coins at 100 Billion compared to Bitcoins 21 million. The block time ( related to transaction time) of just 1 minute compared to Bitcoins 10 minutes, and those lucky enough to have mined this coin are being rewarded with block reward shares of 500,000 DOGE.
Could DOGE be the dark horse of the crypto currency world, after all the first player in the golden age of any industry is rarely the one to survive once the industry matures.
For those still totally mystified, 1000 DOGE is currently trading at about $2.21 AUD, last week 1000 DOGE would have been about $0.19 AUD.
In keeping with the DOGECOIN theme all I can say is:
WOW, Such currency!
Bitcoin sis certainly not dead. This latest price hike is apparently based on Chinese businessmen seeing the real estate market tank and tired of capital flight (and other) laws are moving into Bitcoin. Of course many use Bitcoin as a way of avoiding taxes and regulations, avoiding regulations (and making a deal) is somewhat of a Chinese tradition. You only have to see a Chinese Buddhist monk in the middle of a group ceremonial dance stop dead to answer his mobile phone to know that making an arrangement is a very serious matter. People ate already talking about $10,000USD Bitcoins. Of course there are about 12M bitcoins in circulation and there is a limit of 21M (by 2140), and fiat currencies (like the US Dollar) keeps spewing out more worthless paper and plastic. I doesn’t take a genius to work out scarcity is a fundamental driver of economics.
In trying to get a local take on the bitcoin market I stumbled into this local Bitcoin trader, who ran out of Bitcoins today. I’m sure s/he will try to get more.
Get in fast to see the video it get updated quite regularly
On October 2nd 2013 Silk road (the notorious and biggest ‘no question asked’ online bit coin market place) went offline, most likely forever.
It’s founder arrested on a number of charges.
Silk road and other market places like it (which are now competing for silk roads formerly commanding market share) are the places that created the perception that bit coin was only for shady deals.
Any currency can be used for shady deals, Australian dollars, US dollars or Euros it really makes little difference. Following the shut down of Silk road bit coin prices took a large initial hit in price dropping 10% in a day but recovering most of the losses in the following 3 days. This means either the competitors to silk road a really stepping up to the plate ( and hoping they are better at staying out of jail) or the shady deals are only a small part of the bitcoin market that it can survive without. Most likely both reasons are somewhat true.
I’d like to see a fiat currency retain 97% of its value after a bank run.
Now we generally don’t support commercial style campaigns, but this one is a little different.
It challenges and attempts to find a solution for the growing tide of electronic waste, It makes phones more repairable and customizable and it encourages phone developers to compete a little more for you support.
The concept is brilliant, a series of blocks you can just plug onto the back of a circuit board and there is your phone, with all the features you want, and if any break or become obsolete, just replace then in a few minutes.
An unwanted block can be on sold if still working, or be much easier to recycle if not working.
I think they need rounded corners on the phone somehow, but it looks really good.
The idea is trending like mad right now.
Nice find boingboing.net