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Cake day: November 14th, 2023

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  • nah, the collective trauma of perestroika gave origin to putin. only in its chaotic environment would someone that is at the same time political leader, criminal leader and oligarch leader come to be. russian people do vote for putin and his party. criminals either work for him either get exiled(see wagner group), sometimes its even worse to them and their family. oligarchs either nut up or shut up, bought by the relative safety of their families living in western europe.

    addressing the reactionary bullshit comment, i can only infer that admitting the mistake of perestroika is a disturbing experience for you. but i recommend adam curtis documentary “hypernormalization” to understand putin and a part of the russian zeitgeist.







  • of course adjustments will be made. but one can’t really say that chinese economy is going to crash when no examples of a 1.5 billion people economic power existed before.

    and lets not forget that when demand rises for ev’s in western economies, considering the production capacity of the chinese market even high tariffs won’t make a dent on their exports. the eu is not ready to supply demand of ev’s by 2035. unless the state invests directly into car manufacturers just like the chinese gov is doing.

    also another thing no one expects is the opening of the 1.5 billion consumer market as a bargaining chip by the chinese gov as a way to consolidate their position on the global market.

    imho, the chinese gov has a lot of market solutions they haven’t used but that can be activated and negotiated in record time.

    edit: just to add their increased car exports are to russia, which is not that good of a consumer market with everything going on there, but it could teach them a lesson on how to corner non western markets. the complexity of the global economy favours the chinese at this point in time. they have more options than the western world.






  • a social science uses the scientific method, but experiments can’t really be replicated because of the moral and ethical implications of experimenting and deriving conclusions when studying humans and their interactions.

    economy is the most egregious because theories are applied in real societies with, sometimes, disastrous results. economists are taken way to seriously for their scientific output. psychology comes a close second because of exactly the same problem. not because those “scientists” come up with theories or hypotheses but because they apply, and test, faulty and incomplete conclusions to the real world.

    ps: i didn’t know about the formal sciences definition, but they do make sense.

    edit: just to add my biggest pet peeve with economics is that economists derive conclusions from incomplete data and different schools of economy use different metrics for the same concept. one case is that a few years ago uk changed how they measured gdp so that the numbers looked better and nobody called them out, and that happened because everybody has different metrics for assessing gdp. its all made up and the numbers don’t matter.