Steve Randy Waldman
@interfluidity.com

(i’m sorry for the hung 1/ and nothing following! i got a call i had to take!)

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Steve Randy Waldman
@interfluidity.com

I guess I’m not thinking in terms of an exercise in political persuasion, but reality. In reality, GDP per capita is not under contemporary circumstances remotely an accurate measure of relative welfare (as Kuznets, when he invented then-GNP, suggested it would not be). 1/

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Steve Randy Waldman
@interfluidity.com

“If you’re a political party, your goal is not just to know where voters stand, but to know how to move them.” ~Peter Shamshiri

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Steve Randy Waldman
@interfluidity.com

delighted to meet you!

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Steve Randy Waldman
@interfluidity.com

a bit ironic that it's the people making a world ever more dystopian who are most up-in-arms about the crisis of collapsing birth rates.

Steve Randy Waldman
@interfluidity.com

whether you call it waste or rents, the numbers overstate the prosperity people experience.

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Steve Randy Waldman
@interfluidity.com

it would buy more goods and services, ie represent greater prosperity.

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Steve Randy Waldman
@interfluidity.com

Just ask, if they think they prefer US-style "growth", would they really prefer to live in a country like the United States? (The answer for the very wealthy, or those who imagine they will become very wealthy, might be yes. For everyone else, there's really no comparison in quality of life.)

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Steve Randy Waldman
@interfluidity.com

"The grass is always greener" can be a dangerous tendency in politics. "Don't it always seem to know you don't know what you got 'til it's gone." ~Joni Mitchell

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Steve Randy Waldman
@interfluidity.com

it's not even making more stuff, often. it's just charging more for stuff.

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Steve Randy Waldman
@interfluidity.com

Do you really wish Facebook, Google, Coinbase, Amazon were European “successes”? Maybe Apple, NVIDIA, but they are as much Chinese and Taiwanese as American stories. The programming language I write all day is developed in Switzerland and Poland. 1/

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Steve Randy Waldman
@interfluidity.com

Europe lags not in technology, but friendliness to business and capital. And that is at best a double-edged sword. /fin

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Steve Randy Waldman
@interfluidity.com

Are you sure the claim is true that the US has grown so much faster? It is true, if you define growth by conventional stats. 1/

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Steve Randy Waldman
@interfluidity.com

But the US drops in ranking if, for example, you subtract health care from GDP (of every country in your dataset). 2/

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Steve Randy Waldman
@interfluidity.com

If you think the US does not overall provide more welfare conducive health care than European states (a pretty easy claim to support!), then health care’s larger share of GDP in the US should not count as prosperity. 3/

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Steve Randy Waldman
@interfluidity.com

The claim generalizes. Mechanically, rentierism increases GDP. If good internet costs twice as much here, because telecoms are not competitive, that’s scored as greater GDP. 4/

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Steve Randy Waldman
@interfluidity.com

Magazines like The Economist will talk about US outperformance. But they implicitly view the world from the perspective of investors. Most people’s welfare is not primarily a function of financial investment returns. But they persuade us this is a valid, “objective” way to look at the world. 5/

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Steve Randy Waldman
@interfluidity.com

Rentierism is real growth, from investors’ perspective. It is extraction from everybody else’s perspective. 6/

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Steve Randy Waldman
@interfluidity.com

The contemporary United States is not to be emulated. It is a cautionary tale. Europe’s social difficulties stem from having taken too much inspiration from the US, not from failing to follow in US footsteps sufficiently. Careful what you wish for. /fin

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Steve Randy Waldman
@interfluidity.com

is there more entrepreneurship in the US? that’s a thing i don’t know, would want to look into. there are a lot of VC style startups and “successes” in the US, but that might be because the US tolerates (and celebrates) monopoly power and rentierism more than more civilized countries.

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Steve Randy Waldman
@interfluidity.com

Nope.

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Steve Randy Waldman
@interfluidity.com

it has not always been like this. it’s always been a thread of American culture, but during some time periods (especially the early postwar years), the US government was highly trusted. 1/

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Steve Randy Waldman
@interfluidity.com

the failures and injustices of the early 21st century, plus media able to circumvent traditional gatekeepers which are well funded by plutocrats to discredit government, have left us in a very bad place. /fin

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Steve Randy Waldman
@interfluidity.com

yes. an irony. they are performing the perception of villainy they so adroitly exploited to gain power.

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Steve Randy Waldman
@interfluidity.com

the default american attitude is "the government is fucking up and screwing us", so whoever is the government has to swim upstream hard to avoid becoming unpopular.

Steve Randy Waldman
@interfluidity.com

Likewise!

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Steve Randy Waldman
@interfluidity.com

I think you're all great and I rarely have any trouble with any of you.

Steve Randy Waldman
@interfluidity.com

[tech notebook] Zero-ish overhead logging facade in Scala 3 https://tech.interfluidity.com/2025/05/26/zero-ish-overhead-logging-facade-in-scala-3/index.html

Steve Randy Waldman
@interfluidity.com

📌

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