Category Archives: Economics

SpaceX’s Announcement

A preview:

[Update a while later]

Here’s Nadia Drake’s story on the announcement. The Q and A ended up being sort of a goat rodeo.

[Update early evening, PDT]

Here’s the full presentation.

[Wednesday-morning update]

Here’s Eric Berger’s take, and Jeff Foust’s. And one from Casey Dreier at the Planetary Society.

[Update a couple minutes later]

And Chris Davenport’s.

[Update a couple more minutes later]

And Loren Grush says there’s still a lot to figure out. No kidding.

[Update another couple minutes later]

And Wayne McCandless is skeptical (with a plug of my book).

[Update a few minutes later]

Thoughts from Bob Zubrin.

[Update a while later]

Joel Achenbach says don’t pack your bags for Mars yet. And Ken Chang says Elon just needs to figure out how to pay for it. Well, I think there are other issues as well. Meanwhile, the National Space Society is gung ho (as they should be, it’s much more in line with the group’s stated objective than anything NASA is doing).

[Update a couple minutes later]

Miri Kramer’s five takeaways.

[Update late morning]

McCandless link was missing, but I fixed it.

In response to Dreier:

[Update early afternoon]

Here’s Alan Boyle’s take.

And Elon answered yesterday’s question about how they get down to the surface:

[Update a while later]

Bill Nye doesn’t buy it. But the Planetary Society doesn’t want “filthy meatbag bodies” on Mars, anyway.

Speaking of which, I’m pretty sure that this announcement will re-energize the SJWs.

[Update a while later]

An amusing take over at Wait But Why. And one of the first, but certainly not last takes on planetary protection and the Outer Space Treaty.

What Makes Socialism So Attractive?

Evolution has wired our brains for it, unfortunately.

The chief problem, he suggested, is that many people are beguiled by “romantic socialism”—that is, they imagine what their personal lives would be like if everyone shared and treated one another like family. We evolved in small bands that were an individual’s only protection from starvation, victimization, and inter-group aggression. People feel vulnerable if their band does not exist. Such sentiments are more or less appropriate when people lived in small groups of hunter-gatherers composed mostly of kin, but they fail spectacularly when navigating a world of strangers cooperating in global markets.

Tooby also argued that markets make intellectuals irrelevant. Consequently, academics have a huge bias against spontaneous order and the basic goal of most social science is to critique the social institutions associated with market-based society.

More darkly, Tooby pointed out that political entrepreneurs know how to appeal to romantic socialist sentiments as a way to establish themselves in power. The evolved psychological propensity toward romantic socialism facilitates political coalitions that oppose free-market societies. Since such coalitions are organized around romantically appealing ideas, any heresy is treated as betrayal. If things are not going well (and they never are in full-blown socialist societies) and since the ideology cannot be wrong, evildoers are undermining progress and must be found and punished (think kulaks and the Gulag). Such coalitions tend to revert to primitive zero-sum thinking: If there is something you don’t get that means that someone took it from you. The result is, according to Tooby, that there really are those who are willing to make poor people worse off in order to make rich people worse off.

In terms of defining socialism, I don’t make a distinction between it and Marxism, which was simply a failed attempt to explain economics and human nature scientifically. Simply put, though it’s more complex, it is the belief that one person can know better than another what that other person “needs,” and should have the power to ensure that those “needs” are met.

California’s “Boom”

Is about to go bust. The notion that CA is doing better than Texas would be hilarious if it weren’t such an infuriating lie.

Reminder: When the state asks for a federal bailout, it should be only on the condition that it become a territory, and not be allowed back in as a single state.

[Update a while later]

I wish that this didn’t seem related: Printing money in Venezuela didn’t work out all that well. Of course, California can’t print money, fortunately.