He's one of the worst presidents we've ever had. I can't believe people still support him.
There is no widespread white supremacy happening either. The elephant in the room no one is allowed to talk about is that it's not white people with a disproportionate rate of murder and violent crimes.
Instead of improving education, job training and promoting healthy two-parent families, it's easier for Biden to pass the buck and blame the decay of society on white supremacy. It's disgusting and causing major resentment between the races. White people are NOT the ones attacking Asian people in large numbers either. I'm so sick of the lies.
"White supremacy" is the useful inflammatory statement. Biden, the lifelong mediocrity-award politician, liked all those guys he served with whose names are now anathema. His only interest was being in the power boys' club. At this moment in time, he likes to yell slogans because that's the extent of his oratory skills.
The far left is the usual gang of overgrown student radicals whose only purpose is ostentatious protestation.
Everyone else throughout the political spectrum is either too cowed to act or to incompetent to act effectively.
For the rest, though--as usual, you're the master.
Great article Bill and it is clear we are on the same page. My whole thesis is based on the concept of our economy being an energy system with emergent properties which will of themselves simplify the outcome as EROEI has now turned negative.
As a systems engineer I have spent my life engaged with such systems and learned from six-sigma production engineers as we cooperated to solve MRP and ERP implementations.
As you wrote about complex systems, I wandered into https://austrianpeter.substack.com/p/diesel-underpins-global-economy-eroei?s=r where I saw an interesting bit about why things are coming apart. "But all bubbles pop, and public agencies are incapable of reducing their budgets, staff and complexity, because one politically influential constituency or another favors every program. So there's no way to trim anything without igniting a political firestorm as whatever sacred-cow program that gets trimmed arouses the constituency committed to preserving that sacred-cow." Read on: http://charleshughsmith.blogspot.com/2022/05/what-happens-when-complexity-unravels.html" That kind of thing was the observation of Cyril Northcote Parkinson (https://en.wikipedia.org/wiki/C._Northcote_Parkinson). Parkinson's law of 2000 always struck me as true - all organizations over 2000 expand at a given rate regardless of useful function.
"The Ratchet Effect is: costs and complexity only increase, they never decrease because organizations are optimized to expand, not shrink, and so there are no institutionalized pathways to reducing complexity and costs. Everybody clamors for a larger budget and another assistant. Nobody clamors for a radically reduced budget and staff. This raises a question few seem to ask: what happens when complexity unravels?"
I could only wish for a clearer view of our future. When money is worth nothing (zero interest rates) then asset bubbles are certain. But eventually, like the real estate market in 2007, prices can't go up forever - we run out of bigger fools. We didn't deal with 2008 well at all and that remains with us. We are now seeing complexity unravel and a bunch of foundational assumptions seem to be failing.
Perhaps (as we have examined in the past) what happens when service on the debt requires hard, uncomfortable political choices is arriving faster than we expected. We have had distractions of Covid and a war to intervene with the inevitable. Given the effort to discredit our system over the last 30-40 years, can we find our way to a better future? Much uncertainty ahead.
Of course the lockdowns were tragic economic errors. They destroyed working systems perhaps as the Chinese intended. That a few places recovered well wasn't promoted mainly because of politics is sad. All that said the efforts of the government to intervene in those complex systems like all central planning has failed. We are likely to enter recession and a bunch of politicians will be replaced but the core regulators will remain. If we can find a leader who understands the adverse effects of excessive regulation we might recover in several years.
It's rather amazing how much we have damaged in such a short period.
He's one of the worst presidents we've ever had. I can't believe people still support him.
There is no widespread white supremacy happening either. The elephant in the room no one is allowed to talk about is that it's not white people with a disproportionate rate of murder and violent crimes.
Instead of improving education, job training and promoting healthy two-parent families, it's easier for Biden to pass the buck and blame the decay of society on white supremacy. It's disgusting and causing major resentment between the races. White people are NOT the ones attacking Asian people in large numbers either. I'm so sick of the lies.
I disagree wherever you say "Biden believes..."
"White supremacy" is the useful inflammatory statement. Biden, the lifelong mediocrity-award politician, liked all those guys he served with whose names are now anathema. His only interest was being in the power boys' club. At this moment in time, he likes to yell slogans because that's the extent of his oratory skills.
The far left is the usual gang of overgrown student radicals whose only purpose is ostentatious protestation.
Everyone else throughout the political spectrum is either too cowed to act or to incompetent to act effectively.
For the rest, though--as usual, you're the master.
Great article Bill and it is clear we are on the same page. My whole thesis is based on the concept of our economy being an energy system with emergent properties which will of themselves simplify the outcome as EROEI has now turned negative.
As a systems engineer I have spent my life engaged with such systems and learned from six-sigma production engineers as we cooperated to solve MRP and ERP implementations.
As you wrote about complex systems, I wandered into https://austrianpeter.substack.com/p/diesel-underpins-global-economy-eroei?s=r where I saw an interesting bit about why things are coming apart. "But all bubbles pop, and public agencies are incapable of reducing their budgets, staff and complexity, because one politically influential constituency or another favors every program. So there's no way to trim anything without igniting a political firestorm as whatever sacred-cow program that gets trimmed arouses the constituency committed to preserving that sacred-cow." Read on: http://charleshughsmith.blogspot.com/2022/05/what-happens-when-complexity-unravels.html" That kind of thing was the observation of Cyril Northcote Parkinson (https://en.wikipedia.org/wiki/C._Northcote_Parkinson). Parkinson's law of 2000 always struck me as true - all organizations over 2000 expand at a given rate regardless of useful function.
"The Ratchet Effect is: costs and complexity only increase, they never decrease because organizations are optimized to expand, not shrink, and so there are no institutionalized pathways to reducing complexity and costs. Everybody clamors for a larger budget and another assistant. Nobody clamors for a radically reduced budget and staff. This raises a question few seem to ask: what happens when complexity unravels?"
I could only wish for a clearer view of our future. When money is worth nothing (zero interest rates) then asset bubbles are certain. But eventually, like the real estate market in 2007, prices can't go up forever - we run out of bigger fools. We didn't deal with 2008 well at all and that remains with us. We are now seeing complexity unravel and a bunch of foundational assumptions seem to be failing.
Perhaps (as we have examined in the past) what happens when service on the debt requires hard, uncomfortable political choices is arriving faster than we expected. We have had distractions of Covid and a war to intervene with the inevitable. Given the effort to discredit our system over the last 30-40 years, can we find our way to a better future? Much uncertainty ahead.
Of course the lockdowns were tragic economic errors. They destroyed working systems perhaps as the Chinese intended. That a few places recovered well wasn't promoted mainly because of politics is sad. All that said the efforts of the government to intervene in those complex systems like all central planning has failed. We are likely to enter recession and a bunch of politicians will be replaced but the core regulators will remain. If we can find a leader who understands the adverse effects of excessive regulation we might recover in several years.
It's rather amazing how much we have damaged in such a short period.