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Joined 3 years ago
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Cake day: July 6th, 2023

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  • demolished the conventional wisdom that Democrats need to run cautious, corporate-friendly centrists to win in purple and red states

    Hah, no. We’ll have the year of the Linux desktop before that ever happens. Leftist candidates won because the Democrats were so strongly favored that even weak candidates won, but the leftists did worse than a generic Democrat would have done.

    El-Sayed, for example, won Michigan 52.5 to 45.5 as of the current count. Meanwhile the Democratic candidate for governor Jocelyn Benson won 54.5 to 43.7. There were enough people voting for her but not for him to swing a normal election to the Republicans.










  • Corporations aren’t moral agents, and therefore a fine against a corporation should be intended to compensate for the illicit harm done (adjusted by the probability of getting caught). The compensation necessary does not depend on how much money the corporation has available. In other words, it’s like a “you break it, you buy it” policy - you charge as much as the broken thing costs, regardless of how much money the person who broke it happens to have.

    Edit: here’s another way of thinking about it. A corporation’s motivation to break a rule is equal to (expected_profit - fine * chance_of_getting_caught). You want that motivation to be less than the harm breaking the rule does. The size of the corporation isn’t a variable in the equation.






  • Imagine if I had a collectible Lex Luthor action figure which you really wanted - you would be willing to pay me $100 for it. Then you stopped thinking that superhero stuff was cool and didn’t want the action figure anymore for more than $10. What has changed about the world is that I no longer have the option to get the $90 difference from you by selling the action figure, but only because you would keep the $90. No money went anywhere. However, market value was reduced. If my action figure and your money were all that existed in the world, then the world would no longer be a place with $200 of value. It would now only have $110 of value, and in that sense it would be a worse place to the extent that market value corresponds to happiness or abstract utility.

    Wealth is not a conserved quantity. You can reduce my wealth just by wanting what I have less, even if afterwards we both have exactly what we had before.