Month: December 2021
Patents held back the Industrial Revolution
For example, each new innovation on the steam engine had to wait for the last patent to expire. Patents need to be abolished as they are a parasite on humanity.
Brilliant ideas: Henry Ford’s autobiography
Henry Ford’s autobiography is jam packed with brilliant ideas so far:
Give the customer the best possible deal. Every year Henry Ford reduced prices on vehicles.
Pay employees more. Henry Ford paid double the going average wage.
Focus intensely. Henry Ford only built one car: the Model T and tried to make it as simple, reliable, and inexpensive as he could.… read more “Brilliant ideas: Henry Ford’s autobiography”
Antiwork and the Labor Shortage
The antiwork movement is extremely popular online. Supporters of this view are brigade downvoting any view they see as opposed to this: especially if it suggests that government handouts result in people not wanting to work.
I think the desire for better pay and better work conditions are well founded. Most of our Fortune 500 companies are run by hired gun CEOs, not founders, that are trying to extract maximum short term profits at the expense of employees and customers and the environment.… read more “Antiwork and the Labor Shortage”
The Importance of Price Signals
Econ history lecture
Apparently most early corporations like the Dutch East India companies engaged in raids, pirating, and outright warfare. Warfare. Could you imagine modern corporations with military divisions? I think I’d be most afraid of Oracle as that company has no soul.
Google started started out as righteous, but after the founders left turned evil.
Replication Crisis in Science
A study should be required to be replicated by an independent party prior to publication.
Evil George B. Selden – Patent Troll
This guy was one of the original patent trolls. Held back the auto industry for years until a real entrepreneur took him on.
Watch “How Much Does it Cost to Build a Post Frame?” on YouTube
Lecture on Economic History
I listened to my economic history lecture while riding my bike. I learned that most nations in the 1500-1700s believed in mercantilism, basically the theory that wealth in the world was fixed and the only way to make a nation wealthy was to export more than it imported. Adam Smith disagreed (rightly) and theorized that labor * labor efficiency was what created wealth.… read more “Lecture on Economic History”