Capitalism is sort of like a game of poker, where people are all competing against one another. Everyone gets five cards, and if you are skillful and know how to bluff when you need to - and you get a lucky hand every now and then - you can win out.Now, American Capitalism is a little different. In American Capitalism, whoever comes to the table with the most money almost always wins. This happens because you can pay the dealer to give you extra cards. Or you can pay the dealer to withhold cards from your competitors.In American Capitalism, if...
Monday, 20 May 2013
Tuesday, 7 May 2013
The Daily Dish - Andrew throws in the towel
Posted on 11:43 by hony
Sullivan, this morning: "it remains unlikely that we will reach our target of $900,000 by the end of the year"He goes on, ironically: "But I didn’t start this blogging thing to be rich. I started it to be free."That's just the thing, Andrew. The internet wants to be free. When you enacted your paywall, you committed Internet Original Sin: you thought people would pay you for something they could get elsewhere for fre...
Friday, 3 May 2013
TAE's Iron Man 3 Review
Posted on 07:30 by hony
Obviously, don't read this if you don't want to be spoiled.First off, I was entertained. I'm not one of those pretentious people who expects The Best Movie Of All Time every time I walk into a theater. I rarely go to movies, and when I do I intentionally set a low bar so that I don't feel like my precious time and money were wasted. With that in mind, I very much enjoyed Iron Man 3 from start to finish.(stop reading if you don't want to be spoiled, last warning...)But....First, a bit of history. Since Tony Stark/Iron Man was debuted exactly 50...
Wednesday, 1 May 2013
I promise to stop writing about STEM soon. Just not yet.
Posted on 13:57 by hony
Imagine you are a tech company that makes widgets. You've gotten a factory in China to make the parts for the widgets for a tiny amount. You've got laborers working for minimum wage assembling the widgets. You've got salespeople making minimum wage selling the widgets.How can you possibly make the widgets cheaper?Perhaps the most obvious way is to pay the people doing R&D on the widgets minimum wage. Think about it: the R&D folks are still demanding $50-60k or more for their time. That's really expensive compared to a minimum wage assembler...
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