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Cake day: August 2nd, 2023

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  • That is completely true and also unlikely to matter.

    I was born 3 decades after the end of WWII. By that point Germany and Austria had gone through great lengths to repudiate the policies of the Nazis. They had paid massive reparations. They had issued numerous official and unofficial apologies. The monuments of the Nazis were torn down in favor of memorials for their victims. That didn’t stop other kids from calling me a Nazi as soon as they found out I spoke German. To this day people are comfortable making Nazi jokes about random Germans (see Oliver Zeidler).

    Similarly, we have evidence that the vast majority of sexual assaults are committed by a small number of repeat offenders. That doesn’t stop the repeated mantra of, “Not all men but always a man.”

    Many people, particularly in Asia, are offended that the Nazis turned the Swastika into a symbol of hatred. Most people are aware that the Nazis stole the symbol but you really can’t wear one without risking a fight, even if you have the little dots in it.

    It doesn’t matter if they should or shouldn’t be assumed to be complicit; they will. People around the world will see the Star of David as a symbol of death and destruction for generations.




  • That’s an incredibly frustrating problem.

    I have a fairly technical background. How technical? When you mention Black-Scholes to people you get a variety of responses.
    Most people just say, “WTF are you talking about? Why doesn’t that guy just wipe his feet?”
    Finance-curious people may have looked it up on Wikipedia.
    Actual finance professionals may get excited and talk about, “the Greeks”.
    I’m the kind of nerd who went through the entire derivation from fundamental concepts like the stochastic discount factor and then had to compare the calculated and observed convexity of utility functions to rediscover the equity premium puzzle.

    Many Democrats are happy to listen to me shred the economic “theories” that Trump blathers on about and are very satisfied to see proofs that their numbers don’t actually work in real math. Many of those same people absolutely loose their shit at the implication that Democratic policies are anything less than perfect.

    Don’t get me wrong. Trumps economic and foreign relations policies are absolute monkey turds and I’ll never get tired of throwing them in the toilet, where they belong. At the same time, hypocrisy doesn’t do Democrats any favors.











  • I don’t know if any of your predictions are true. They might be, but I don’t have nearly enough evidence to be confident in any of them.

    If they are, I don’t see how the complete collapse of Russia is even remotely feasible. Those predictions add up to saying that none of the necessary pre-conditions have been or will be met. Together, they say that we have no way to coerce Russia into the desired state and we have no way to re-align their interest to get them to do so voluntarily.

    China definitely won’t swoop in to defend Ukraine against Russia. I think we can agree on that. It’s pretty clear the US won’t either. I think we can agree on that too.

    That’s why I’m wondering if you think the EU can get big enough to do so on it’s own, and do so quickly.


  • I can see why this would be a good outcome for Europe.

    It essentially turns Russia into a puppet state. If we were to eliminate China and the US, that would make Russia Europe’s puppet state. While it has some obvious advantages to Europe, it’s clearly not in the interest of either Putin or Russia (the most pessimistic estimates put his approval rating at over 60% among Russians).

    Since it’s obviously not to their advantage they won’t agree to it. That means someone would have to force them to accept that new status quo. The US just dropped all support and China has made it pretty clear that they’re not going to participate in any operation like that either.

    So that leaves the EU. I’ll circle back to my earlier question. Do you think the EU is ready to adopt and ratify a constitution if it came up again? Absent that, do you think the EU can put together a military coalition that’s big enough and permanent enough to induce an immediate surrender by Russia? If not, do you think that the EU is willing and able to wage a protracted direct war against Russia?