(i’m sorry for the hung 1/ and nothing following! i got a call i had to take!)
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/
“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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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.
whether you call it waste or rents, the numbers overstate the prosperity people experience.
it would buy more goods and services, ie represent greater prosperity.
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.)
it's not even making more stuff, often. it's just charging more for stuff.
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/
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/
But the US drops in ranking if, for example, you subtract health care from GDP (of every country in your dataset). 2/
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/
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/
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/
Rentierism is real growth, from investors’ perspective. It is extraction from everybody else’s perspective. 6/
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.
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/
yes. an irony. they are performing the perception of villainy they so adroitly exploited to gain power.
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.
I think you're all great and I rarely have any trouble with any of you.
[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