Also, producing inferior good is tantamount to vandalism, my can opener money could have been used to purchase goods produced by an innovator, or more beer.
Its the defect in disaster capitalism theory, the theory that destruction, and the following rebuild, can lead to economic growth. This is wrong -it destroys the wealth that has already been produced whose replacement cost comes from future deferred investment and consumption.
I find it scary because 1) it has 'disaster' in its name and 2) Because the paradigm is only concerned with the present, implying, at the extreme, there is not going to be a tomorrow.
http://en.wikipedia.org/wiki/Disaster_capitalism
Yea, I dont often haunt restaurant supply outlets. And I doubt that Daddy, the construction worker, did either, for that matter. So actually the cost of importing from China becomes apparent in you argument. Its not such a great deal after all, its just a way to rook the consumer and defeat the 'death of demand' by propping up imposter goods.
Perhaps I will heed your advise and shop for quality kitchen and laundry implements. Germans make good stuff.
I am reminded of the company, the name eludes me, that made the American taxicab, now thats a rugged car, not exactly stylish, but rugged- easy maintenance.
ScrewMaster said it better than I could. Our dominance of world culture and innovation are carrying over, even during our supposed decline... at least for now. You can spot the winner by whose culture is spreading, China is starting to look like us rather than the opposite.
Actually, those of us who live in Mexiforniazona would be better served by learning Spanish, at least we will able to speak the native tongue of our future country/contested zone. At present there are more Spanish speaking invaders in my hood than Chinese, despite the fact that I live 5 miles from a major university heavily enrolled with Asians.
I too suspect that the Chinese are not interested in empire although the whole 'blue water navy' thing makes me suspect. I submit that its probably just a 'me too' thing.
Hm, I was going to be a smartass, but I concede you have a point, not a '60 times as much' point, but a salient point indeed.
Pop probably paid a decent price when you consider purchasing/earning power parity. Unfortunately I dont have historical can opener prices on hand to estimate, nor is he around to ask.
The Minneapolis Fed estimates that a $16 Proctor-Silex model purchased in 2011 would have cost about $2.63 in 1969. How does that compare to wages in the same period? I dunno.
Considering amortization over 37+ years vs. buying 3-4 modern analogs a year over the same period, plus waste, plus other intangibles- I say it was a good investment.
Okami -video game, video games, invented in Merica. Wii - PowerPC, microprocessor, invented in Merica. Television - partially invented in Merica, but not in Japan. Minivan - invented in Merica.
Dont misunderstand me, Japan is a great friend and ally( since we put the 'act right' on 'em, nuclear war- invented in Merica ) and I adore Japanese culture, but lets please give the devil his due.
Yea, I remember this kind talk about the Japanese back in the 1980s( yea I'm old, get off my lawn ). Ooooh, better learn Japanese if you want to succeed in business, Ooooh, they are going to take over the world with their mysterious asian cunning, that us round-eyes will never be able to match.
Glad I could put it into perspective for you. My work is done here.
My dad owned the same electric can opener my whole life, which is to say it over 30 years old. My dad owned the same clothes dryer my whole life, which is to say it over 30 years old.
I cant find an electric can opener that lasts 6 months.
Therefore I say: The Chinese need to learn to make things.
I think* the terrorists are going to start smuggling explosives into the safe zone in the anal cavities of TSA agents. We cant have these unsecured rectums wandering around in a secure area. Its for the children.
There, its out there, did my part. Spread the word.
I think what you would end up with is a FUSION pumped LASER?
Didnt this happen back in the 80s- they hired some nerd to layout a design for an x-ray laser and he was all like "Oh, cool you could make holograms of cell organelles, it will be a boon to medical science!" That is until he worked the numbers and you would need kilotons to pump it. "Why this would be totally impractical, not only would this medical diagnostic devices destroy the patient but the city that they live in -why... its better suited to be a weapon... waitaminit... Ima pacifist!!!! EEEEeeee!"
You would not want to live in a world where "Mother Gaia" is given priority over human needs. Most of your ancestors did not have a choice between scarcity or abundance- I imagine many of them did not live to your age. They were welcomed back to the bosom of "Mother Gaia".
Nature does not care about you or me. Your benefactors are our fellow wo/man. They are the ones that saw that you survived your birth, they are the ones who fill your belly every day. They are the ones who build that excellent shelters we live in, complete with hot or cold air, depending on your preference, clean water and 52' flat screen porn on demand.
Slashdot Mirror
Also, producing inferior good is tantamount to vandalism, my can opener money could have been used to purchase goods produced by an innovator, or more beer. Its the defect in disaster capitalism theory, the theory that destruction, and the following rebuild, can lead to economic growth. This is wrong -it destroys the wealth that has already been produced whose replacement cost comes from future deferred investment and consumption. I find it scary because 1) it has 'disaster' in its name and 2) Because the paradigm is only concerned with the present, implying, at the extreme, there is not going to be a tomorrow. http://en.wikipedia.org/wiki/Disaster_capitalism
No, this is what freedom of speech looks like!
http://en.wikipedia.org/wiki/Great_firewall_of_china
Yea, I dont often haunt restaurant supply outlets. And I doubt that Daddy, the construction worker, did either, for that matter. So actually the cost of importing from China becomes apparent in you argument. Its not such a great deal after all, its just a way to rook the consumer and defeat the 'death of demand' by propping up imposter goods.
Perhaps I will heed your advise and shop for quality kitchen and laundry implements. Germans make good stuff.
I am reminded of the company, the name eludes me, that made the American taxicab, now thats a rugged car, not exactly stylish, but rugged- easy maintenance.
Found it:
http://en.wikipedia.org/wiki/Checker_Motors_Corporation
I have not been in a Walmart in years.
within the interval of convergence its close enuff for... government accounting. 8)
Party hats off to alcohol lubricated Slashdot posts!!!
ScrewMaster said it better than I could. Our dominance of world culture and innovation are carrying over, even during our supposed decline... at least for now. You can spot the winner by whose culture is spreading, China is starting to look like us rather than the opposite.
Actually, those of us who live in Mexiforniazona would be better served by learning Spanish, at least we will able to speak the native tongue of our future country/contested zone. At present there are more Spanish speaking invaders in my hood than Chinese, despite the fact that I live 5 miles from a major university heavily enrolled with Asians.
I too suspect that the Chinese are not interested in empire although the whole 'blue water navy' thing makes me suspect. I submit that its probably just a 'me too' thing.
Hm, I was going to be a smartass, but I concede you have a point, not a '60 times as much' point, but a salient point indeed.
Pop probably paid a decent price when you consider purchasing/earning power parity. Unfortunately I dont have historical can opener prices on hand to estimate, nor is he around to ask.
The Minneapolis Fed estimates that a $16 Proctor-Silex model purchased in 2011 would have cost about $2.63 in 1969. How does that compare to wages in the same period? I dunno.
Considering amortization over 37+ years vs. buying 3-4 modern analogs a year over the same period, plus waste, plus other intangibles- I say it was a good investment.
ask your Mom.
Update, cant buy a manual can opener that lasts 3 months,
Thanks for reminding me... and missing the point entirely.
Okami -video game, video games, invented in Merica.
Wii - PowerPC, microprocessor, invented in Merica.
Television - partially invented in Merica, but not in Japan.
Minivan - invented in Merica.
Dont misunderstand me, Japan is a great friend and ally( since we put the 'act right' on 'em, nuclear war- invented in Merica ) and I adore Japanese culture, but lets please give the devil his due.
Glad I could be of help again!
Merica, Fuck Yea!
Yea, I remember this kind talk about the Japanese back in the 1980s( yea I'm old, get off my lawn ). Ooooh, better learn Japanese if you want to succeed in business, Ooooh, they are going to take over the world with their mysterious asian cunning, that us round-eyes will never be able to match.
Glad I could put it into perspective for you. My work is done here.
My dad owned the same electric can opener my whole life, which is to say it over 30 years old.
My dad owned the same clothes dryer my whole life, which is to say it over 30 years old.
I cant find an electric can opener that lasts 6 months.
Therefore I say:
The Chinese need to learn to make things.
America, Fuck yea.
And the damn fire kept going out, then it would come back for a minute, then it would go out...
That's what she said.
Beowulf clusters YOU!
I think* the terrorists are going to start smuggling explosives into the safe zone in the anal cavities of TSA agents. We cant have these unsecured rectums wandering around in a secure area. Its for the children.
There, its out there, did my part. Spread the word.
Gas, bloating, confusion, reverse mermaid, anal leakage, suicide, bad breath, explosive diarrhea, fire, missing teeth, unexpected death, unexplained pregnancy, moles, sawdust, traffic congestion, slight bleeding from the ear canal, voice immodulation, income tax, vaginal leakage( in men), religious intolerance, elves, anal fissures, webbed toes, sleep-driving, and rectal myopia.
"Miss! dont move! be very still... there is a bee in your hair..." /click/ /wrrrr/
"ok, its gone... whew! close call"
Of course hanging out all day by a ladies room at the food court kinda sucks. And you better be sure the fucking flash is off.
In my day we used to have to glue mirrors to our shoes, kids these days got it easy.
Hey, we'll let the engineers worry about that.
The oldies live forever.
HEY! did my message post on the internet?
I think what you would end up with is a FUSION pumped LASER?
Didnt this happen back in the 80s- they hired some nerd to layout a design for an x-ray laser and he was all like "Oh, cool you could make holograms of cell organelles, it will be a boon to medical science!" That is until he worked the numbers and you would need kilotons to pump it. "Why this would be totally impractical, not only would this medical diagnostic devices destroy the patient but the city that they live in -why... its better suited to be a weapon... waitaminit... Ima pacifist!!!! EEEEeeee!"
Here ya go!
Thank you very much, please drive thru.
You would not want to live in a world where "Mother Gaia" is given priority over human needs. Most of your ancestors did not have a choice between scarcity or abundance- I imagine many of them did not live to your age. They were welcomed back to the bosom of "Mother Gaia".
Nature does not care about you or me. Your benefactors are our fellow wo/man. They are the ones that saw that you survived your birth, they are the ones who fill your belly every day. They are the ones who build that excellent shelters we live in, complete with hot or cold air, depending on your preference, clean water and 52' flat screen porn on demand.
"Mother Gaia" pffft! We all we got.