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Economy

Capitalism and the “failed” business – Post#507

Capitalism and the "failed" business - Post#507
Funky electronics chain Fry’s is no more | The Seattle Times Even as a young platypus I was into electronics. I used to take things apart and solder them back in different formats. When Fry's Electronics opened up it was my Mecca. I loved going in and picking a case, a motherboard, a processor, graphics card, hard drive, etc. Putting together your own system was the way to do it. I could afford...
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The Minimum Wage is Bad. Bad I tell you! Bad.

Blog Post 506 Minimum Wage
People want to do well. It is understandable that they would want government to ensure they get a good wage. People, you and I, want others to do well. It makes sense, that those who don't need the minimum wage, might still support it for the benefit of others. The idea breaks down quickly though if one ponders it honestly. If $15 is good, why not $20 or even $50? Eventually people will tell yo...
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Student Debt Crisis – Just Pay it off Already?

Students with debt on caps
Biden has said he will cancel student debt on day one. He won't of course but there is a reason he is saying he will. Pelosi, Warren, many of the Democrats, have said this. Searching Google for Republicans who want to cancel the debt retrieves the results you would expect, a few unknown Republicans.    Maybe the student debt crisis isn't a matter of republican vs democrat, conservative vs prog...
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Edge vs Chrome – a symbol of the free market

Edge vs Chrome
When the browser battles began I stuck with Internet Explorer. I found it to be a very forging browser in term of the code I wrote. As time went on I switched wholeheartedly over to Chrome and have been using it. I try all the latest things to come out but always reject them in favor of chrome. I now use OneDrive for back up and storage and have found that most of what I need connected is now w...
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Your Bills and Budget Don’t Add Up – Now What?

The Magic isn't Free
Disney CEO Bob Iger has a skill set few people in the world have. That he makes millions is justified by the rarity of such people and the labor they perform and its value to the company. While I greatly value my Disneyland Dole Whip and Churro I could literally get them myself. There is no special skill set required for these tasks. I find it difficult to understand how someone could NOT understa...
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Being Poor – If You Want

Coal Miner
The linked article is an interesting read. It's also a bit schizophrenic. On the one hand it seems to decry government as the problem, and on the other it seems to suggest a more socialistic government would solve it. I don't know if that's because I'm reading too much between the lines or because the author of the piece doesn't equate socialism with tyrant the way I do. I make that connection bec...
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The Spirit of Value

Value
Value is something people probably don't think about too often even though they are faced with it every single day. As a matter of fact, value is the primary behavioral motivator of human beings. We do what we do based on what we value. There are many theories of value. For example the rather Marxist theory of value as a product of labor. How much work goes into a product determines its value. ...
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Socialist Alexandria Ocasio-Cortez: A Knife in Need of Sharpening

Dumb as a box of rocks
I have two saying I often use to express my wonderment at some people. I say either, "They're as dumb as a box of rocks" or I say, "They don't have the brains God gave a stick." I have a feeling Alexandria Ocasio-Cortez falls into one of those two camps. It has often been said that socialists lack a basic understanding of economics. This is no less true of newly primaried socialist Alexandria O...
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Is it Charity or “Philanthrocapitalism”? – Libertarians Beware. 

Billionaire giving lots of money away
This article is one reason we have such an uphill battle when trying to reduce government. Libertarians especially are big on saying that things should be done, and could be done, voluntarily and if the rich want to increase taxes to help the poor then they should just give away their money and do it already! I agree. I think the government should do much less than it does (almost nothing) and tha...
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Socialism Grows from Guilt and Fear

Baby with gold coin
1% is such a small number of people to hate after all. It should be expanded to 9.9% so that includes so many more people worthy of righteous indignation and disdain. And, conveniently, the article says, "You’re probably part of the problem." And what is the problem? This group is successful and they pass that success on to their offspring. "The meritocratic class has mastered the old trick of con...
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Bill Harris finally says it, “Bitcoin is a scam”

Coin on eyes like a dead president but they are bitcoins
The below editorial is from Bill Harris, Founding CEO of PayPal, former CEO of Intuit and Personal Capital. That's all laid out there as his appeal to authority. He says something about Bitcoin that I've pondered but not come out and said since I'm not sure. He writes, "I’m tired of saying, “Be careful, it’s speculative.” Then, “Be careful, it’s gambling.” Then, “Be careful, it’s a bubble.” Okay, ...
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Minimum Wage: the Value of an Hour

Two angry men and a dollar
How much is an hour worth? For me that question has an easy answer though not a simple one. The answer is, whatever someone will pay. The complex part comes when we try to figure out all the variables that go into creating that value. But in the end it really does boil down to whatever someone will pay. In a sense it also is partly answered "whatever someone will take" I suppose but even that real...
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America isn’t going broke America is broke

Throw money at it
This article was shared in the comments by Platypus Club member David Grantham. It points out some data that David called, "staggering". I have to agree. The article begins with an erroneous claim, "Entitlements are driving deficits and debt. Absent reform, the problem will soon become a crisis." It is erroneous because it already has become a crisis, in fact, it has long been a crisis but one tha...
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Just because Capitalists are bad doesn’t mean Capitalism is bad

I am a fan of capitalism. I sometimes call it a system, or economic system but truth is capitalism is just the natural outgrowth of human interaction. It's built into us. Socialism requires force because it's not built into us. Kids in a lunch room have a natural understanding of how much they value the tuna sandwich they have vs how much they value an orange a friend has and trading takes place. ...
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Corporations are people. Lots of people. People with rights.

teddy roosevelt
Literally speaking corporations aren't people. Literally speaking corporations are legal authorizations recognizing multiple people as a single person under the law. So, in a legal sense Wal-Mart is a person, a legal person, not a literal person. But figuratively speaking corporations are people in that they represent many individuals. A larger corporation could have more than a thousand people re...
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