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Cake day: June 21st, 2023

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  • The house is an asset to Laura because she values it and it acts as an investment because it has value to others and their evaluation may change. If she buys it then she is assuming the risk from Bob that people’s valuation of it may go down or that something might happen to it. If she buys it primarily because she needs a place to live then that risk vs reward is likely less important to her than having a home.

    Not involving Bob would be very beneficial in many ways for both Laura and Frank if that can be arranged, any middle man will add cost and without him Laura will pay less and Frank will earn more. The problem is Laura may be busy and not have time to find Frank, buy all the building supplies, and wait for the house to be built. She also avoids the risks involved with the building of the house (e.g. it turns out different than the plan and she hates it, it takes longer/ requires more parts and the cost goes way up, etc.) By having Bob involved her experience becomes vastly smoother, she gets to show up, see the finished product, say “I like it and I’m willing to spend this much on it”, and start moving in the next day.

    If you can manufacture a lightbulb that lasts 100 years and price it reasonably you can absolutely start competing with light bulb companies. You may not make as much per customer over 100 years time, but if you convince enough of their customers they’ll save money with you then you’ll make a killing. Some types of investors are very willing to gamble on potentially disruptive ideas like that. The existing lightbulbs companies and their shareholders do have the exact lack of incentive to innovate you talked about but that doesn’t necessarily stop a new actor.

    I completely agree that an unregulated market will tend towards greed and cause immense suffering. Ideally that’s one of the primary purposes of government, (unfortunately mine hasn’t functioned that way at all for my whole lifetime) but an entity that is “for the people by the people” which can intervene when greed could cause harm, ensure human rights and needs are provided for, and pull the correct levers to ensure the economy has both enough investment and healthy labor compensation to keep generating value (and to ensure the value generated actually ends up in the hands of the people) is absolutely critical.

    I also totally agree with the fact that it’s critical to have other value systems besides money. In a small way I believe what we as individuals place value on and encourage in our communities has an impact. Obviously it won’t solve the issue or make society pivot in a dime, but it’s important nonetheless. Glorifying wealth and those who have it, entertainment factor, and fame/ infamy and losing sight of concepts like civic duty and an obligation to your community, society, or polis has consequences. I understand feelings on patriotism being complex as it’s been co-opted as a hateful concept by nationalists in many places but embracing more collectivist and less individualist attitudes at all levels of society help reinforce other value systems besides late stage capitalism


  • Investors do provide an important role by taking on risk and enabling growth that otherwise wouldn’t occur. The concept of an economy that constantly grows is that, through investment and work, value greater than the sum of the parts put in can be generated.

    If Bob pays Frank to build a house and buys all the supplies, Frank does the actual labor, and Laura buys it then Bob and Frank are left with more money than they started with and Laura is left with an asset worth to her what she paid for it. Her net worth is unchanged and she can borrow against the house or sell it some day. All three people have gained from the situation.

    If Bob and Frank can’t sell the house though or the price of houses drops while it’s being built Frank still gets his salary, Laura’s life is unchanged or she got a good deal, but Bob just lost everything he put in.

    The problem is our society is wildly imbalanced towards Bob, so Frank is going to earn pennies for actually doing the work to build a house and Bob is going to rake in most of the profits. Taking the risk and enabling something to be built is obviously important and a valuable service, but it’s deeply overvalued in our current system as compared to actual labor

    That’s how an economy can be doing well (generating lots of value) but for regular humans almost none of the value gets passed to us and instead gets concentrated in the hands of Bobs and Lauras who contribute money instead of labor.

    Ensuring us Franks have enough money to spend is critical because, as you pointed out, a far larger share of my money is recirculating into the economy than a billionaire who spends tiny percentages of their net worth. Conversely, someone living paycheck to paycheck is by definition recirculating essentially 100% of their net worth back into the economy every pay cycle.

    Lastly being poor is expensive, and has large costs associated. Not having savings to cover unexpected expenses often leads to debt, not being able to afford a large one time purchase often leads to many smaller expenses that add up much higher in total, etc. Enabling people to break out of those cycles is massively beneficial to economies and obviously (and more importantly imo) to individuals and communities



  • From what I’ve heard people got their accounts at random other companies/ services hacked, their emails and passwords were posted/ sold online, and then the hackers bought them and tried entering them into 23andMe which succeeded for a number of users who use the same creds across services. I agree the article could have been clearer, but it does seem like a meaningful distinction to me that 23andMe itself didn’t get hacked







  • Totally agree, I remember how amazed I was the first time I rode in a Tesla and the first time I got to drive one. The car is so fun, I especially love being able to stay warm sleeping in the car on snowboard trips or winter camping. The core is there it’s just crazy the little user experience and quality control things are starting to slip more and more.

    Not sure how you revolutionize the industry and develop crazy battery tech but are stopped by windshield wipers, turn signals, and suspensions. I hope they can replace Elon and get their focus back, but I hope he finds a nice bounce castle or something to fuck with rather than shifting his focus to ruining twitter lol


  • Unfortunately I’m on the other side of that, my family has a Tesla which has been to the shop more times in the 2 years we’ve owned it than our past 3 cars combined needed to over more than 20 years. We have genuinely researched lemon laws it’s so bad. The windshield wipers hit each other and broke, the windshield stress fractured for no reason, the camera was full of water when we drove it off the lot, the side fender fell off on a country road 2 weeks after that… I could go on for ages.

    I think the earlier models when Elon was less of an unhinged arrogant asshole doing his best to follow Kanye’s arc and wasn’t inserting himself into the design process randomly (make the steering wheel square, make a space truck no one needs, make it have stupid windshield wipers, etc.) were much better.

    My family needed a loaner while our car was in for one of the many repairs and they gave us the previous model of our same car, made 2 years earlier, and it was much better. Other people I know with older models haven’t suffered from the same issues.

    To me it seems that Elon’s leadership is now actively harming the company and making the cars worse, they have serious quality control issues which are leading to out of control repair and service expenses for the company, and are designing features based on what an out of touch billionaire manchild thinks would be neat instead of what any sane average consumer needs from a vehicle.

    Things like the turn signal being on the wheel making signaling 2 turns back to back in opposite directions extremely difficult, making the horn a tiny off center button with no ability to feel so you have to take your eyes off the road to find it, glove boxes that won’t open unless you navigate to the right submenu of a terrible ui, gullwing doors that don’t open all the way reliably, a steering wheel that isn’t round and makes driving less comfortable, the deep flaws in optical only self driving, a work truck that can’t actually accomplish work, etc. are all glaring issues which should become clear in user testing, but as the famous “bulletproof” window smashing demo indicated: Tesla either doesn’t do adequate or even baseline testing, or (as I believe) Elon is just too arrogant to listen to the smart people around him who might point out those issues and has created an echo chamber of yes men afraid to point out obvious problems



  • What?? The whole reason for this is because the US is too focused on their issues at home and have abdicated their self imposed role as defenders of democracy in Europe. That Poland feels they need to build up their own military to absolutely insane levels and forge deeper defense alliances within Europe is not at all kowtowing to either Putin or America, it’s finally building up the sovereign resources that they and the rest of Europe should have been working on for decades to void the need to bend over and spread it for their preferred superpower.