Finnish electricity price drops BELOW ZERO after the latest nuclear reactor is switched on.
That is what the world could have looked like if the greens did not stop humanity from expanding nuclear power.
Remember: nuclear power = no CO2 emissions!
Netherlands is 203 times smaller than Brazil and 26% of the former's territory is below sea level. Yet, Netherlands exports more food than Brazil.
Proof positive that - given the right institutions and human capital - we will never run out of food.
🚨📈📉 NEW GRAPH: Inflation has risen by 80% since 2000.
Highly regulated products like 💡 electricity, 🏘️ housing, and 👪 childcare have had rapid price increases.
But... competitive and innovative markets like 📷cameras,👗 clothing, 🐻 toys have had price decreases.
The U.S. data is terrible and extremely sad but shows that suicide is a problem specific to the U.S. There is no broader Western crisis. Do you know of any GOOD papers explaining why the U.S. is an outlier among advanced countries?
.
@billmaher
asks to connect the dots. Here it goes:
More Humans = More Ideas
More Ideas = More Innovations
More Innovations = Higher Productivity
Higher Productivity = Greater Wealth
Greater Wealth = Cleaner Environment
This Israeli firm prints a steak in 1 minute and a fish fillet in 3 minutes.
No land, no water, no emissions, and no animal suffering.
Welcome to a superabundant future, brought to you by human ingenuity.
The amount of time an unskilled worker (e.g., janitor) in the U.S. had to work to buy an egg fell by 96.2 percent between 1919 and 2019. The same amount of time that bought him/her 1 egg in 1919 bought him/her 26.19 eggs in 2019. (For more, see our book Superabundance).
ON PRIVATIZATION OF STATE-OWNED ENTERPRISES IN ARGENTINA:
I recall post-communist economic reforms. I was in Eastern Europe during the initial stages. Looking back, I think that the most pernicious idea floating about was that "selling off the nation's wealth" was…
You can deffinitely get more stuff now than before. The same amount of work that earned a blue-collar worker one egg in 1919, bought 36 eggs in 2019. More here: .
The way I prefer making the opportunity cost point is that couples have voted with their actions and chosen “more stuff” over “1950s family”. They can get more stuff today than in the past. Social conservatives’ job is to convince people they’ve chosen badly. Tough sell.
.
@jordanbpeterson
Hard pass on equality of outcome. My "lived experience" (to use a fashionable term) in Eastern Europe under communism immunized me from
@KamalaHarris
's nonsense. Advice to my young American friends: please learn from other people's mistakes.
The same place: the hell of the idiot faux-compassionate egalitarians. Haven't we tried this enough and failed? (USSR, CCP, Cambodia)
@VP
: inexcusable.
I was 8 years old when I stood in front of the Wall (on the Eastern side) with a GDR soldier pointing his AK-47 at me. That was to keep people like me from running to the West. So, yes, I agree with Jacobin: it was menacing ... and potentially deadly (like communism).
Here is how I would write the headline:
"Green religion and a succession of stupid governments made it impossible for the British to produce enough energy to keep comfortable in summer."
Amazing to watch thousands of Argentineans chant "Liberta!" on the streets of Buenos Aires.
Congratulations to
@jmilei
. I hope that he does not disappoint the hopes of ordinary people.
They deserve better than Peronist corruption, misgovernance, and impoverishment.
Dangerous Malthusian nonsense. She has no idea (yet again) what she is talking about!
People are not a problem. They and their ideas are a solution to our problems.
Truly, our governing class is (and has been for some time) laughable.
"When we...reduce population, more of our children can breath clean air and drink clean water."
–
@KamalaHarris
As PJ O'Rourke said, the philosophy of those who want to reduce population is: "Just enough of me, way too much of you."
A terrific primatologist so steeped in the study of chimps that she consistently underestimates the differences between them and us. Chimps don't innovate, we do. Hence, our problems are lesser, not greater than they were in the past: less hunger, less conflict, longer lives, etc
WEF member Jane Goodall says we wouldn't have these "problems" if the human population was the same as it was 500 years ago. The world population in 1500 was 461 million. *That* is what they mean by increasing "sustainability."
How much will the standard Thanksgiving dinner cost this year?
1986 nominal price: $28.74
1986 nominal hourly wage (blue-collar): $8.96
1986 time price: 3.2 hrs of work
2023 nominal price: $61.17
2023 nominal hourly wage (blue-collar): $29.19
2023 time price: 2.01 hrs of work
Folks, this experiment was run between 1917 and 1991. There is absolutely no doubt in the academic literature that environmental conditions in socialist economies were significantly worse than in capitalist economies. To re-run it would be stupid and pointless.
Saving the planet, I’m told, requires abolishing capitalism.
We need “an environment that provides for all people” says
@AOC
.
Greed “is literally destroying our planet," says
@SenSanders
.
Their answer is: socialism.
They’re wrong—free markets protect nature better.
.
@jordanbpeterson
has been a generous supporter of our pro-human and anti-Malthusian ideas. I am happy to announce that
@gpooley
and I will be recording an 8-hour course on Superabundance for the
@petersonacademy
.
Mr. Huntsman holds up a plastic water bottle: “We can make 10 of these for the amount of plastic we used in one of them a decade ago. . . . I don’t know why we don’t celebrate these accomplishments.”
Green extremists don't want solutions:
Problem: CO2 emissions
Solution: nuclear
Greens: no
Problem: biosphere decline due to agriculture
Solution: high-yielding GMO crops
Greens: no
Problem: freshwater shortages
Solution: desalination, dams, piping, etc.
Greens: no
"We've only got 12 years left to save the planet!”
I doubt it.
But if that were true, we'd better switch to
#nuclear
power NOW.
The fastest decarbonization ever happened when France successfully switched to nuclear power:
It cannot be repeated often enough:
The damage to the Argentine economy has ALREADY been done.
It had nothing to do with
@JMilei
and the necessary correction cannot be achieved without temporary pain.
"Under Argentina’s New President, Fuel Is Up 60%, and Diaper Prices Have…
For decades, the joke was that "Indians succeed everywhere except in India." Today, India is on the rise. Why? In 1991, India dropped socialism, and embraced market economy. The entrepreneurial spirit of the Indian people was unleashed. Beautiful.
Can we please stop panicking about lithium now? As we explain in Superabundance, when the price of a commodity rises, people a) search for more deposits, b) conserve, and c) substitute. That's why we have never run out of anything.
Britain has less to apologise for on slavery than any other nation on Earth
Ending the African slave trade is a proud chapter in the Royal Navy’s history
Lithium is down over 80% since the start of 2023 because the market suspects that lithium-ion batteries will give way to sodium-ion batteries, among other inventions and innovations that await us.
@Adarshjoseph33
@gpooley
@goodreads
@Marian_L_Tupy
Even if resources are finite the ability to use and reuse the resources is infinite. 100 years ago nobody would have heard of lithium.. Today there is a scramble to find lithium deposits for car batteries
I never know what to make of the doomers who are freaking out over rising sea levels in 2100, etc. Are they seriously suggesting we can't handle what our much poorer ancestors did with much more primitive tech?
It is with immense pleasure and infinite gratitude that I am able to announce that
@gpooley
and I will be the recipients of the 2023 Julian L. Simon Memorial Award from
@ceidotorg
.
More on this news here: and here:
Rare Earth elements are not that rare after all:
"The discovery of 2.34 billion metric tons of rare-earth elements near Wheatland, Wyo., signals the beginning of a new era in the competition for the raw materials that power the global economy. If wisely exploited, this…
1972 Club of Rome: population will grow and result in an ecological catastrophe.
2023 Club of Rome: population will decline and result in ecological catastrophe.
No matter what happens, the result is always the same: End of Days.
Beautiful.
When I was a kid, I saw old women bent over in the fields of commie Czechoslovakia, manually planting and digging potatoes.
Thank God that mind-numbing and health-destroying labor was outsourced to the machines.
.
@mboudry
identifies 7 laws of pessimism:
1. The Law of the Invisibility of Good News: Progress happens gradually and imperceptibly, while regress happens all at once and immediately grabs our attention.
2. The Law of The Velocity of Bad News: Nothing travels faster than the…
Rents in Argentina have fallen 20pc since President Javier Milei scrapped a “destructive” cap for landlords in December.
Under four-year rent controls, landlords fled the market in their thousands and rents increased 286pc, fuelling an even deeper housing crisis.
Since the…
Much of the commentariat argues that
@JMilei
is taking Argentina into uncharted waters. That's quite incorrect.
@JMilei
is promising to take Argentina into pre-Peronist times of classical liberalism, which made Argentineans very rich. Put differently, those waters are well…
Between 1870 and 1970, Sweden had a smaller government and a more open economy than most comparable countries, and that was the era when Sweden grew faster than any other developed country but Japan.
This is how we will feed 8 billion people and many, many more -- with MINIMUM impact on the environment!
"for some crops 10 to 20 times the yield can be obtained per acre compared to open-field crops."
It cannot be said often enough: most of our food, including tomatoes and corn, are not "natural" - at least in so far as the trendy lefties understand the word.
Humans have been modifying the genetics of crops and animals for thousands of years through breeding.
In the 20th century, breeding was supplemented with more direct and precise genetic modifications.
Here is the evolution of maize.
AI continues to make unbelievable advances in healthcare.
Researchers have just created a brain implant that decodes thoughts into synthesized speech allowing paralyzed patients to communicate through a digital avatar.
This is incredible:
-The…
Energy prices declined dramatically over past centuries
This century, climate policies are making energy more expensive
Since the climate agreement in Paris in 2015, global oil and gas investments have more than halved, because politicians say net zero
…
A century ago, you could easily distinguish the rich from the rest by their clothes. Now, aside from the homeless, it is practically impossible. The clothes are that cheap. Instead, the rich signal their wealth via weird diets and beliefs.
Andy Warhol wrote in 1975 that “A coke is a coke and no amount of money can get you a better coke than the one the bum on the corner is drinking.”
But he was anticipated by Harper's almost 20 years earlier:
Incredible. Bolivarian socialism has turned Venezuela into the most unequal country in the world, according to research at Andrés Bello Catholic University.
Nations don't get rich by plundering other nations
National wealth comes from ingenuity, hard work, good institutions, sound policy, political stability, and openness to foreign ideas and investment.
A glimpse into the future of surgery.
This robot uses high precision and dexterity to peel an egg, puncture it, and stitch it back up using computer vision.
AI x Robotics is going to completely transform the world in the coming years.
As Jesse H. Ausubel points out, “if the world farmer reaches the average yield of today’s U.S. corn grower during the next 70 years, 10 billion people eating as people now on average do will need only half of today’s cropland. The land spared exceeds Amazonia."
"The electoral triumph of self-described libertarian Javier Milei could lead to a bright, liberal future for Argentina. Will he hold true to his declared values of free markets, limited government, peace, and trade?"
.
@jordanbpeterson
is correct:
The air in London is cleaner than before the Industrial Revolution.
Concentrations of suspended particulate matter were 390 micrograms per cubic meter in 1800; peaked at 623 in 1891; fell to 16 in 2016.
"I found that, in 2013, all countries with a GDP per capita over $25,000 had reached a post-transition state ... a highly-productive economy was sufficient (though not necessary) to halt forest loss. Put another way, rich countries don’t deforest."
Chinese communists:
Step 1: Kill or prevent the birth of a second child.
Step 2: Realize Step 1 was a stupid mistake.
Step 3: Start planning "population revamp."
Step 4: Forcing women to fulfil Step 3?
How about leaving the people the hell alone?
In the near future, we will extract a few stem cells from one lucky Wagyu A5 cow in Japan and grow the best steaks for everyone. Capitalism will democratize a food item that only the richest foodies can buy today. Like it did with TVs, washing machines, electric lights, etc.
Yes, beautiful. But, needs context. As with per capita wealth, child mortality stagnated for millennia.
We (humans) need to agree on what it is that made the last 200 years so different from the previous 200,000 years. Otherwise, we'll blow the next 200 years.
My candidates:…
BREAKING:
Argentine President Javier Milei just managed to push through his package of reforms that will transform the country’s economic system.
300+ laws will be repealed or amended.
State-owned companies are sold off & massive deregulation introduced
The vote? 144 vs 109
Folks, please remember: the media is messing with your minds. To keep mental equipoise, ignore the headlines and look at the TRENDLINES.
"For a headline of average length, each additional negative word increased the click-through rate by 2.3%."
"Whenever there is a proposal for a tax cut, media pundits demand to know how you are going to pay for it. But when there are proposals for more spending on social programs, those same pundits are strangely silent."
"To be fair to him, it is simply beyond his poor powers of comprehension to understand that tariffs — he vows 10 percent on all imports from everywhere — are taxes paid by American consumers and producers. So, to a nation furious about inflation, he promises to raise the cost of…
Europeans got poorer. Putin's criminal war in Ukraine is partly to blame, but inflation and the energy crisis are mostly home grown. You cannot constantly increase the price of an input (e.g., energy) and expect a cheaper output (goods and services).
.
@jmhorp
shows that "Millennials are as wealthy as Boomers were at their age, and Gen X (born between 1965 and 1981) is wealthier now than Boomers at the same age."
"Nothing illustrates the perversity of the “equity” agenda and its hostility toward the exceptional and exemplary quite like progressive officials’ efforts to cut overachievers down to size for the imagined benefit of everyone else."
"A new peer-reviewed study of all the scientific estimates of climate-change effects shows the most likely cost of global warming averaged across the century will be about 1% of global gross domestic product, reaching 2% by the end of the century. This is a very long way from…
Iceland will tunnel into a volcano to tap into virtually unlimited geothermal power
Iceland's Krafla Magma Testbed project aims to transform renewable energy by tapping into a volcano's magma chamber.
"A question for Ms. Yellen: If $5 billion worth of solar panels washed up on our shores, would she destroy them to save U.S. jobs?
If a subsidy is bad, free stuff must be worse, according to her logic. But I thought climate change posed an existential risk to humanity?"…
Another invaluable post by Harry Backhouse.
Harry uses
@Mark_J_Perry
's "Chart of the Century," and time prices to measure abundance in America.
The stuff in red is LESS abundant relative to income.
The stuff in green is MORE abundant relative to income.
Your daily dose of Roman Empire news:
"Indeed, salt had been used since ancient times as a fertiliser. Contrary to popular belief, when the Romans destroyed Carthage and salted the earth, this was not about rendering the land infertile by making it too saline for anything to…
The sooner the better!
Communist Cuba Is on the Brink of Collapse
The Caribbean island is going through its harshest economic crisis in three decades. The world should prepare for an eventual and sorely needed regime change.
21st-century tech may allow us to build beautifully and (relatively) cheaply.
"Here's a clip of the Carmelite Monks of Wyoming who are building a monastery in the Gothic style using CNC machines"
Aside from hydrogen and helium, all the elements on Earth were created via fusion inside stars, which went supernova, dispersing elements through the universe. With fusion and hydrogen (plentiful in oceans) we could create any elements we want in future.
The Guardian (of course) worries that aliens may wipe out humanity because of our transgressions against Mother Gaia.
Can there be any doubt that environmentalism is a religion (i.e., God destroying Sodom and Gomorrah for immorality)?