Agricultural surpluses have been spent on military parades, crown jewels, tall cathedrals, vast priesthoods, gigantic tombs, arrays of monoliths, treasure fleets, moon shots, & a dizzying variety of other things. /2
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Economic history has been dominated by basics: growing food & fuel, mating & child rearing, fighting wars, clothing & shelter, worrying about afterlife. Occasionally there have been major agricultural surpluses, which have been spent in a bizarre variety of ways (thread) /1
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These seem like irrational bubbles, yet in many cases persisted for or recurred across centuries or millennia. We moderns seem to be trending towards competitions for scholastic credentials & efforts at longer & healthier lives, each of which appeal to insatiable needs. /3
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Almost any way developed countries spend our titanic industrial surpluses will be epic frivolity by historical standards, whether it be sprawling regulatory & scholastic priesthoods or a “service economy” where mobile servants wait on the tables of secular priests & investors. /4
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There are no solid standards of historical precedent or economic rationality that can help us much in predicting which forms of frivolity will dominate, rather they point to the optionality & unpredictability among a vast universe of choices. /5
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Fundamentally there is thermodynamics;- Sun Gold (Sun x2 collision) Coal Diamonds Oil Gas Wind Waves Sun SoV Sun Waves Wind Energy Mining BTV immutable SoV Transfer of thermodynamic energy into what you can dream = code Universe is built on code. Immutable truth shared...
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BTC added value;- Equitable fairness; Immutable truth; Open source; Decentralised; Consensus; Predictability; Borderless; Permissionless; Leaderless; Anti-censorship; Anti-confiscation; Stateless; Infectious ness; A human rights tool; Dictatorships destroyer; Amoral construct
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Plants store energy due to thermodynamics from our Sun, Animals store thermodynamic energy from eating animals and plants, we eat plants or and animals, we transact in many ways and develop our brains and understanding of truth. Understanding truth. Immutable understanding...
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Okay
@threadreaderapp Bot
please automate my job away when you unroll the macroeconomic frivolity bubble. -
Hallo there is your unroll: Thread by
@NickSzabo4: "Economic history has been dominated by basics: growing food & fuel, mating & child rearing, fighting wars, cloth […]" https://threadreaderapp.com/thread/1103435201865117698.html … Enjoy :)
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What a great historian, in Asian history, or China, the cycle is population reaching 50mil, then a natural disaster coming, not enough food, half ppl dead, old dynasty gone, another coming, rebooting, 300 yrs later, population back to 60mil, another crash
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And I guess in Europe, only first son can inherit assets is the mechanism to solve the issue, go fighting, second sons...
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We can learn a lot from history. Money has an interesting story!
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Now....riches is spend on space flights, advanced robots, and cultivation of sheep embryos in artificial wombs, gene editing...The techno gap is increasing at such a rate and the occult wealth so astronomical that niche "advanced" cohorts are developing ,forever out of reach
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Yes , the hangover (babalas) cult. This earth is is our home... not. Since ancient times we have had the urge to alleviate our "outsiderness" in this world
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Epidemiology follows these rules too
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Yo hace tiempo que veo claro que el actual funcionariado sustituye al clero, la ideología socialista sustituye al credo de la iglesia, las asociaciones sin ánimo de lucro sustituyen a la aristocracia, y los políticos sustituyen a la nobleza.
@Nickszabo4 lleva esta idea mas allá.Thanks. Twitter will use this to make your timeline better. UndoUndo
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pre combo breaker. "we choose to go to the moon" the cold war defined Pax Americana economic growth until the brick's realized it was all marketing. NASA needed no corn surpluses.
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trade wars built on agriculture surplus are a softer touch than energy surplus. Basal caloric intake matters less on average than energy needs.
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homeless people own mobile phones
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the homeless dont knock over dumpsters to plant crops. they sleep on trains so they can charge their phones. The basic caloric count for humans is not only the sum of what they ingest.
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