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Cake day: April 10th, 2022

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  • Rapidity of growth is based on starting conditions, available labor, available natural resources, AND the available technological state.

    When the starting conditions are making maximum use of available technology with the super majority of labor being employed towards the domestic economy, then the limiter to growth is the available technological state. Innovation in this case becomes the driver for growth as the delta between what is currently possible and what innovation makes possible is the domain of growth.

    But then the starting conditions are not making maximum use of available technology, when the majority of labor is employed making an imperialist leech richer, and when natural resources are dominated by imperialists, then the delta between current state and potential state is predominantly in labor, natural resources, and building known technological capabilities. Innovations cannot even be taken advantage of under those starting conditions, let alone developed.

    The idea that a peasant society should either innovate beyond the state of technology of the imperialists or else should be tributary states is really just a position that everyone should be tributaries because innovation under imperialist dominance is not feasible as a means of growing an economy.

    China’s shift to innovation is therefore not a question of strategy but rather if material conditions and the shift to innovation will emerge only in so far as it is made possible and feasible by labor participation in domestic enrichment, natural resource sovereignty, and development of globally-known technologies that lack uncertainties.


  • They keep talking about fiscal cost as though money is a resource. MONEY IS NOT A RESOURCE. It’s an arbitrary medium of exchange. It’s only useful to measure money cost if you can translate it to either A) natural resource consumption, B) labor, C) externalities you want minimized, D) deepening ensnarement in foreign debt, or E) an increase in money supply disrupting exchange.

    If China didn’t borrow internationally to make those investments, it didn’t get deeper into debt to it’s enemies.

    If China isn’t seeing inflation, it didn’t flood the money supply.

    No country has come even close to fully pricing its externalities and China uses democracy to manage those, so the fiscal cost doesn’t represent that.

    If China has better things to do with its labor, then this could represent missed opportunities to do those better things. However, as we’ve seen, China has ever improving living conditions, infrastructure, education, cost of living, etc. It would be difficult for someone to argue what specific things that labor should have been allocated to.

    And natural resource consumption is very much the same.

    Writing an entire article about the ‘fiscal cost’ as though money is an actual resource with real use valuebis exactly the sort of brain rot to expect from the North Atlantic.