No one is interested in maximizing resource extraction; maximizing long-term resource extraction is so infinitely better than what we have now as a government it's unimaginable.
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No, it clearly isn't. Do these "oligarchs" all move to Africa where the "best cattle" are? Of course not - because those are the worst people to have as customers / employees. What the low human capital people are good at is being a (D) vote bank b/c US gibs look great to them
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If third world cattle was the best people to rule and businesses / the wealthy called the shots then you'd see a hell of a lot more movement of those people to the third world where they have all the 3rd world "cattle" they could ever want Instead the 3rd world wealthy come here
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Replying to @CovfefeAnon @parallaxoptics and
Your model is wrong. They are not motivated by rational economic calculation because they are doing horribly by that metric. They are motivated by malice.
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>The oligarchs economic calculations mad them 2 trillion this past 2 years Idiotic. They cost themselves massive, uncountable sums in real estate value and the swelling of asset prices reflects money printing - *which they controlled anyway* - which means it was a loss.
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Replying to @CovfefeAnon @parallaxoptics and
It was a loss because if they controlled money printing this control was worth more than printing a bunch of it, handing it out to (D) vote banks and (D) operators and seeing some of it trickle back into valuations of their owned assets *and* they devalued their seigniorage
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SoHo real estate was massively valuable when police protection for high end retail existed - that ended last spring.
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