The inadequacy of fiscal mechanisms for dealing with global disasters is mind boggling On the one hand, this 2T deal is the largest thing of its kind ever OTOH it buys 3 months of time tops, best case implementation. Drop in this bucket.
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What was bad about stock buybacks was they overvalued production flows in current reality rather than capability stocks in adjacent realities. That’s the pernicious part about them. What if that value had been stored in empty, underutilized hospitals or warehouses ventilators?
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You know the only area where we understand this? Military capability. If you want peace prepare for war, if you want war prepare for peace. We don’t see piles of barely-used tanks and missiles as unproductive capital. We see it as adjacent possible potentiality.
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Ultimately this insanity is due to optimizer mentality. Fat in the system, underutilized resources for alt adjacent realities. That’s mediocritizaton thinking.https://www.ribbonfarm.com/2019/04/15/mediocratopia-4/ …
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Insurance is NOT the right way to think about the adjacent possible. Insurance can at best pick out a countably infinite set of scenarios to hedge against. The adjacent possible is a continuum of normal accidents waiting to happen. https://en.wikipedia.org/wiki/Normal_Accidents …
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I’m getting seriously mad at optimizer theology. That’s what got us into this mess. Specific ideas like lean/fat don’t kill. Mathematical techniques like optimization don’t kill. What kills is idiots fetishizing what they know over what they don’t. Optimizers incapable of doubt.
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Doubt is not uncertainty or risk Doubt is not a probability estimate < 1 Doubt is not ambiguity Doubt is the capacity for living with a consciousness of true ignorance without anxiously covering it up Optimizer theology as opposed to the math of it is about removing doubt
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I missed this. This is the sort of flaming idiocy that makes the very sight of trump grate for me. I can tolerate quite a lot of evil if it is smart and quite a lot of stupid if it is kind. It is evil stupid that pisses me off. https://twitter.com/pneumatik/status/1243033644819550209?s=21 …https://twitter.com/pneumatik/status/1243033644819550209 …
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The flip side is that we don’t allow for serendipity (surprising luck) in the adjacent possible any more than we allow for zemblanity (unsurprising bad luck). Insufficient capacity for doubt cuts both ways. Optimizers don’t invent crazy futures. Only fine tune the present.
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End of conversation
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