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Cake day: July 1st, 2023

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  • If however a country would be prepared to cut through the red tape and have a standard design developed for say 10 plants at the same time, the price and construction time would be decreased greatly.

    That’s a pretty big ask for a democratic government where half of the politicians are actively sabotaging climate initiatives…

    The only countries where this is really feasible are places where federal powers can supersede the authority of local governments. A nuclear based power grid in America would require a complete reorganization of state and federal authority.

    The only way anyone thinks nuclear energy is a viable option in the states is if they completely ignore the political realities of American government.

    For example, is it physically possible for us to build a proper deep storage facility for nuclear waste? Yes, of course. Have we attempted to build said deep storage facility? Yes, since 1987. Are we any closer to finishing the site after +30 years…no.


  • Eh, it could be a multitude of reasons. It could be that they just had a bad contract. Even if there is a morality clause, how that morality clause is enacted may be dependent on actual charges being filed.

    It is possible they had a reasonable concern about the situation, but it wasn’t drastic enough for them to legally terminate the contract. Wanting to save face in this scenario isn’t exactly too hard to imagine considering their demographics.

    Or it could be that it was simply cheaper to pay the rest of the contract than it would to arbitrate in court. Or they may have feared themselves being further implicated during a proceeding if someone at twitch enabled or tried to cover it up.

    Really, it could be just about anything.



  • Wikileaks was never really a beacon of free speech its always been more of a platform where people can leak information about goverments and other powerful individuals or organizations doing bunch of shady or downright evil stuff behind our back. These often offer rare glimpse behind the scenes allowing us to be little less blind when voting during whather elections comes next.

    When WikiLeaks first came about it’s original goal was aimed at leaking information about authoritarian governments, primarily China and some countries in the Middle East. It was pretty big news at the time because assange had wrangled together a team of some pretty high profile Journalist and privacy tech people.

    However, most of those people were never really involved in the organization, and were mainly utilized as a marketing scheme. The rest slowly left the organization as works in their fields within WikiLeaks stagnated, or left over security and leadership concerns.

    Imo Assange has always been a duplicitous attention seeker. However, if that were illegal, pretty much everyone involved in media would be thrown in a cell. I think his biggest failures that should tarnish his public image is his handling of the leaks. Him rushing to release information against the advise of his security experts, information that hadn’t been properly vetted to protect the whistle blowers from prosecution.

    Multiple people have had their lives ruined because he didn’t take the time and effort to protect his sources. And not because they didn’t have the ability to, or lacked the proper protocols, but because Julian didn’t care so long as his name got air time.










  • “Protests must be polite and not ruffle any feathers” is what I’m hearing.

    I don’t think that protests have to be polite, however protests do have to be productive. If your environmental group’s political agitation only results in turning public opinion away from the greater movement…I’m not sure if that’s a productive use of political capital.

    I think it’s perfectly reasonable to question a group’s motivation who are participating in unproductive political agitation. Especially considering that their funding comes from an oil heiress, who could be using her vast fortune to be lobbying to the people whom actually have access to the power that can bring about real change.

    the protests will only become more radical.

    I’d hardly say paying some teens to “vandalize” a painting that your family owns is really a radical act of protest. Now if they were conducting these types of actions against oil companies, or the political bodies who support them… That would be radical.




  • Fair enough. I think then it’s important to distinguish between what subsidies are worth tariffing and what subsidies are not. If Germany rezones an area to allow car factories to be built, is that a subsidy worth tariffing?

    Eh, I don’t really have a strong opinion on tariffing. Tbh I don’t really have strong opinions about subsidizing private equity, other than they really shouldn’t really exist.

    Under “free market” capitalism subsidies nor tariffs should exist by definition. And under socialism or communism, I would much prefer that the state employ the workers to do the work of the state. Subsidizing private equity just moves the people’s money into the pockets of middle men.

    I think the current global regression back to an odd stage of mercantilism is the product of the moneyed class in China and the west attempting to goad political leaders into abandoning their economic principles for greater profit margins.

    I mean, in this case it’s more that the developers lost money and the government gained assets sold below book value… That’s pretty good return imo. The developers’ investors got fucked, yes, but have you looked at, say, Evergrande’s ownership? Not all Chinese developers are state-owned. In fact, the distressed ones are not.

    Right, but the developers are way over leveraged meaning that it’s not really their money but the banks. The banks/government is making the best out of a bad situation, but they are still loosing substantial amounts of capital. One of the reasons this kicked off in the first place was the government trying to get a handle on private equity borrowing more than their company is worth. That’s not really not criticism on the government action, it’s best to pull that bandaid off as soon as possible, but it still hurts. I think it’s mainly the fault of local banks who have probably been either careless or fraudulent in their reporting to the central bank.

    Do you know how China imputes rent for their GDP calculations? It’s the construction cost depreciated linearly over the life of the building. Think about that for a second, then come back to me. I can explain it to you, but when I realized what it meant it shook me to the core so maybe it’ll have the same effect on you lol. For reference, the US imputes rent by asking “what would the homeowner have paid if they had to rent.”

    Again, this just isn’t something I really care about much. GDP and how it’s calculated is mostly legal fiction, utilized primarily for international bragging rights and as a way to lull investments from foreign capital.

    It sounds like China utilizes user cost approach, and the west utilizes the comparison approach. China’s approach makes sense for a more centralized lending apparatus, as it can help prevent the boom and bust cycle so common in western real estate market. But it’s still susceptible to market collapse if you miscalculated building cost or depreciation values, and makes it harder to sustain value in real estate investments unless you are constantly building more and more.

    I think in the end it just creates two different types of problems. In the west the comparison approach provides less motivation for developers to build an adequate amount of housing. In China, it creates too much incentive for developers to overdevelop housing to the point where it devalues the very concept of individual investments in housing.

    I think a better solution would be to consider affordable housing development to be a natural monopoly that is provided by the government without the input of private capital. But that would be a blow to GDP for both systems, and I think we both know how the capital class of both China and the west would respond to that.


  • Your claim that surveillance flights are not considered an action worth intercepting in inside EEZ is disproven by the actions of basically every country on the planet.

    I didn’t claim that, as I already said there are specified clauses within unclos that delineate between military and commercial aircraft that limit the freedoms of travel for military aircraft.

    Which is why it doesn’t make sense to assume a delineation of “military action” vs navigation at sea. If they really wanted to limit navigation for military vessels they would have specified so, as they did with military aircraft.

    Again, I’m not saying this is fair or reasonable. Laws of the Sea were originally developed by nations that could enforce them with a strong navy, mainly to maintain a monopoly of that power. It doesn’t make any sense for these nations to ratify a system of rules that strip those powers away from them. The goal is to maintain the hierarchy of power, making the laws just reasonable enough for other nations to sign, as opposed to fighting a stronger naval power.



  • Land management. In the same way that changing zoning is not a subsidy, changing land management rules is not a subsidy. It’s government support, agreed, but to call it a subsidy…?

    I think I prefaced the statement with it depended on what you consider a subsidy. I admit it isn’t semantic, but I really consider any government assistance to private equity a subsidy. Mainly because it in truth and investment in which the government is hoping for a return.

    Subsidizing low income housing. This has been a new policy used to seize distressed assets and make sure they don’t sit… Well, distressed. The central bank is an arm of the government, and the government is achieving it’s goals of housing access. At the end of the day, your claims on profit detract from the actual benefits of public housing.

    Right, but this is a reclamation action. It’s not what the original investment was meant for, and surely they aren’t getting the same monetary return they originally hoped for.

    I support governments subsidizing affordable housing, this is another thing I think western states need to realize. However, it doesn’t seem like they needed to focus on that much housing at the moment, and it doesn’t seem like that was their original intention.

    By your arguments, public transit is robbing Peter to pay nobody, because the government sure as hell doesn’t recover operating costs from fares. That’s never been the point of public infrastructure.

    I think the government’s entire existence should evolve around fulfilling their public’s needs, including adequate public transportation. The key word there is need. The Chinese government didn’t need to throw billions of dollars to private equity to build more homes than necessary. They did it because they wanted to maintain their gdp, so they could flaunt their economic vanity alongside the US on the international stage.