A big flaw of modern society is the most experienced experts we rely on for industry regulations inevitably have a bias towards their industry.
Look in any industry and their regulating bodies and often it's a revolving door of key executives giving each other a slap on the wrist now and then and not effectively regulating or punishing clear wrongdoing.
Maybe a silly question but it seems these big high ticket businesses like Boeing and Airbus cannot provide affordable aircraft and survive without some government intervention and the bar to entry is too high for new players so why not come to some international agreement on how they are supported by government instead?
It's seems better to have 2 manufacturers supported by government than to have only 1 that essentially owns the whole market.
How does a dam like Hoover effect the flow rate of water down stream after filling the dam?
My assumption was that after the dam is filled the flow rate can be regulated very close to pre dam levels of at least 95% flow rate factoring in any losses due to evaporation.
People committed these crimes before encryption and they'll find a way to commit them after encryption. Being against E2EE means trading your privacy and security but it won't stop these crimes from occurring.
People as in the average citizens. Higher regard being that the business has less control over the benefits of your life in Europe compare to the US.
Good affordable healthcare is standard many European countries. In the US it depends on your employer.
Minimum holiday entitlement in Europe is far more generous that in the US where again it is down to the business.
Maternity and paternity leave is better in Europe. In the US it depends on the business and your position in the comapny whether you get reasonable leave.
Unemployment benefits are more humane in many European countries. I have heard that in the US they will contact your last employer and whether you get unemployment benefits depends on what the employer says. While there are some limits in this regard in Europe your Ex employer's word doesn't hold as much weight.
I'm sure there are more examples I could come up with as well.
A small minority live fantastic lives in the US because the US has taken the idea of meritocracy and dialled it up to 11. The floor of the have-nots is much lower in the US in comparison to Europe because businesses have a wider degree of discretion in how they treat and reward employees. The person on the shop floor gets 1 week a year holiday while the regional manager gets 5 weeks a year.
Of course businesses in Europe have some discretion in the upper limits to the benefits they offer their employees but they are still restraint in the lower limits.
These differences I suspect are exactly why the GDP per capita is lower in European countries than in the US. Take Germany for example, an economic powerhouse and the 3rd largest global exporter. Impressive for a nation of just 83 million.
The US has a PPP GDP per capita about $10,000 higher than Germany I find it very difficult to believe the US is $10,000 more productive than Germany. The US just puts more value in wealth creation (business) at the expense of the people.
Europe has it's flaws in some of these things as well (e.g zero hour contracts) however it does better by the people more so than the US.
It's worth considering that it is human nature but in the context of the society it is based in.
The boundaries of human nature in regards to capitalism are very different across societies/ nations.
An example of this is the difference between the US and Europe. US capitalism is much more unrestrained, ruthless, and uncaring compare to Europe.
In the US the business is treated in higher regard and respect than the people compared to Europe. Of course Europe does this to some extent but it is more limited than the US.
The US would do well to take a leaf out of Europe's book.
It will have the reverse effect of drawing more people to where they can access those services and away from the areas where access to those services are limited due to inadequate internet services which will erode the motivation to provide broadband to those places.
My parents kind of had children for selfish reasons and objectively speaking neither of them should have had children.
Now as an adult I have issues that seem to stem from childhood emotional neglect that I struggle with. My sibling isn't that much better emotionally adjusted either.
I wasn't a particularly happy child but neither of them noticed or paid much attention even when they could have.
Do you believe raising children should be an act of duty and self-sacrifice?
While I would like to raise a family one day the idea of raising children with just being capable of supporting their necessities doesn't appeal to me at all.
If I can't offer them the best start in life or be the parent I wish I had (due to a lack of resources) I would rather not have children.
The same China where manufacturers had been implicated in supplying Fentanyl to the illicit US opiate market causing widespread overdoses and death? Nobody is innocent when power corrupts.
Along with the vote in process there should be a vote out process. The public should be able to force a vote of their representative at any time during their term and equally vote in their replacement.
The intention being that politicians are aware that they must be consistent with their words and actions throughout their term otherwise they will lose their seat.
The issue isn't about how the US regulates free market activities. It is about how the US uses it's power and influence to undermine the sovereign decisions of other nations that might be detrimental to US trade.
Things like protectionism, how a country may choose to do trade (e.g the currency they trade in E.g petrodollar), the rights to a countries natural resources (E.g nationalisation). These tools are effective for underdeveloped countries that don't have the market and production efficiencies to compete on a global stage or the money to subsidise nationally important yet expensive businesses like farming.
Adam Smith effectively said that trade is good because it frees up the utility of your worker to do work of a greater economic benefit and that it made greater sense to buy from a supplier nation that can produce the same product more efficiently.
Those countries with inefficient and unproductive economies don't have the high skill economically more valuable jobs so for them trade isn't an opportunity for growth because it just undermines their local economy by taking away local jobs.