The indefatigability of the ‘unparticipatory’ economic boom

To understand why our economy is so strong, we need to better understand how the modern American economy works. Thanks to the liberal media talking points and an ignorance of modern economics, many people assume a fast growing GDP and robust job creation are the only conditions of a strong economy, but this isn’t necessarily true. Profits & earnings, living standards, government & multinational borrowing rates, exports, technological innovation, low valuations, rising stock prices, and fed policy are more reliable economic indicators that are more applicable to the world today. These cannot be easily captured by GDP and employment alone. So even if the labor force participation is at historic lows, people are whining about ‘tough times’, and GDP is anemic – by the aforementioned indicators – the economy is still strong. We’re in an economic boom, but as we said a few days ago, not everyone can or will participate in it – except those who bring value to society.

Some are slow to pick up on this concept of an ‘unparticipatory’ economy, which perhaps includes Aaron Clarey who writes that the 50′s were a period unprecedented economic health:

Practically all economic measures showed the economy firing on all cylinders and everybody, and I mean EVERYBODY (blacks included) benefited from this great general economic climate.

What happens when the economy is deemed to be firing on all cylinders and everybody has a job and feels happy? Well, interest rates go up. They keep going up. Eventually the economy enters a recession. Asset prices crash, and many people are unhappy. Now compare that to today where the economy is doing well by certain indicators like listed above, but everyone feels unhappy, and many people don;t have jobs. The indicators that the fed uses to regulate policy (employment, lending, home building, etc) are still weak, and that’s one important reason (there are others) of why we’re in such a prolonged boom period and one that will continue, because the fed will never raise interest rates again. The best economic boom is one where certain cylinders are firing and others are turned off. That’s where we are today and will be for a long time.

During the 20 year period which most would consider the halcyon days of America (1940′s-1960′s) economic growth was nearly twice what it is today. Unemployment a half. Underemployment, non existent. And debt decreasing.

This is similar to how liberals hold the 90′s as economically sacrosanct. Both are wrong in that these decades were characterized by falling corporate profits, rising valuations, speculative lending to main street, high inflation, and lots of corporate waste such as too many jobs. What happens when everyone thinks the economy is doing great is the expect more from employers, and employers have no choice to give in and raise real wages. Speculative spending for projects such as skyscrapers surges, further eroding profits. Eventually, after a few years, it all comes crashing down. And let’s not forget the economy entered a recession on the Clinton surplus. Since 2008, corporations have gotten much, much better at making profits as shown below:

During the 1940-1960′s, profits didn’t grow. So much for that ‘boom’. Also profit margins were very volatile:

In the 50′s, profit margins were about 10% less than today.

Rather than having too much haphazard growth like in earlier decades, we have steadier, smoother growth thanks to financial innovation and globalization, which means longer periods of expansion and much fewer busts, or what some call the great moderation. We’re turned the boom/bust cycle into a perpetual boom.

Although the 50′s and 90′s did have a lot of technological innovation, all decades do, and especially this one as indicated by all the huge gains being made in physics, social media, finance, web 2.0, e-commerce, media, drones, and so on. Snapchat and Uber didn’t need ‘full employment’ and 6% GDP growth to be hugely popular.

Conservative Minimalism

The ice bucket challenge is perhaps the best argument yet against democracy. Just think some of these people can vote and may even be driving. A person who partakes in the ice bucket challenge probably has the mental impairment of someone who is intoxicated or on drugs, except it’s permanent.

As stocks keep going up and interest rates never go up again, the celebration of wealth and intelligence has become the new religion of America, but one group, the conservative hipsters, are leery of the wealth part.

On the online magazines and podcasts, we’re seeing the meteoric rise of the conservative hipster – a conservative that lives a liberal lifestyle of minimalism, with a street-wise ruggedness and an emphasis on personal self-sustainability. Examples of conservative hipsters include Gavin McInnes, Jim Goud and Aaron Clarey. Because conservative hipsters disavow materialism and live an unconventional, peripatetic lifestyle, they can forge friendships and mutual respect among some liberals that mainstream conservatives are unable to do. Because these hipster conservatives are fiercely independent and opinionated, conventional employment can be difficult; consequently, they often find themselves jumping from one gig to the next, with lots of writing to kill the time. Others may have had success at a professional line of work and decided, out of boredom or frustration with the establishment, to voluntarily downgrade their lifestyle to preach conservative minimalism. To be able to resist the temptation of materialistic wealth in pursuit of intellectual endeavors greatly adds to your credibility among the smartest generation and society, in general. Closely related to the paleoconservative.

Another Record High For Stocks

In yet another setback for the crisis-seeing left, stocks close at another record high. All this media fuss over ISIS, Iraq, and Ukraine has absolutely no impact on S&P 500 profits & earnings which is why Wall St. is ignoring it. Just noise that investors should tune-out. Google and Facebook don’t care. Whatever happens in the Middle East isn’t going to stop people from clicking Google ads or uploading picture to Facebook. Fox News, one of the few examples of fair and balanced media, is right about this still being the Bush/Bernanke bull market.

But the left also insists that this rally is due to QE, but this is also wrong, because small business and consumer lending is still at levels well-below the pre-recession peak:

By depressing rates, the main function of QE is to discourage the hoarding of cash by make riskier asset classes such as stocks, municipal bonds and real estate more compelling by comparison. By that measure, QE was a huge success, creating a up to a trillion dollars of wealth in the form of rising asset prices. The economy, especially large caps and web 2.0, is doing just fine even if the banks are lending much less. This is actually good news because, as we saw in 2007 and in 1987, an influx of bad loans tends to precede market tops. That’s why I’m a fan of the Fed, because unlike the typical useless democratic politician and their pursuit of wealth spreading and regulation, the Fed creates an economic environment conducive to the creation wealth. That’s why the floor of the NYSE gave thunderous ovation to Bernanke when he stopped by. 4chan is right about the fed doing a good job and ,like myself, want to control entitlement spending for the parasitic class. This is why we’re in a smartist era because economic policy is making smart people richer for the economic value they create.

A bet against the stock market is a bet against the brightest minds of America. It’s a bet against consumer spending, exports, profits & earnings, IQ, web 2.0, smart people, and technological & economic innovation. You can be a loser like the liberals on Businessinsider and Huffingtonpost who insist the market is too high and the economy is weak because not enough jobs are being created, or you can be a winner who buys the dips and makes money. This is the biological determinism/Social Darwinism bull market. From web 2.0 to Bay Area real estate and private equity, high IQ people are making dynastic wealth with no end in sight. This is how America should be – a nation that rewards success and exceptionalism under a meritocracy and a free market. In fact, it’s not a matter of ‘should’; it’s already that way.

All over social media such as Reddit, 4chan and Buzzfeed, everyone is on board the biological determinism point of view because it’s the correct one. The theory that millions of people are unable to participate strong economic recovery because they aren’t smart enough is already starting to gain traction in academic circles. If you’re in debt and cannot find a good paying job because you majored in something worthless, it’s your fault. People who are getting displaced due to surging rents are losers and should have gotten a better paying job. Don’t blame landlords; blame your lack of intelligence for being in the economic predicament you’re in. Whether it’s Wall St., Washington, Ivy League elitism, the Federal Reserve, web 2.0 or the rich, millions of people looking for someone to blame but themselves. In the ownership society we find ourselves in today, there are makers and takers, and Obammi is obviously allied with the later.

Tesla, Uber, Snapchat, Facebook, Tinder, Air B&B, and Pinterest – the valuations of these companies keep going up. This is the high-IQ American meritocracy as epitomized by the ‘new rich’, where anyone with some coding and a good idea can become a millionaire overnight and a billioniare in a couple years.

Given their immense influence and wealth, Elon Musk and Mark Zuckerberg are unofficial ‘presidents of the United States’, with the Silicon Valley and Wall St. as the 4th branch of government. In an era where transparency is the new currency, social media is the new department of the treasury. While Obama, the empty suit and habitual golfer, losses his influence as his approval rating keeps making new lows, these titans of technology and business are shaping policy to their own financial gain through tax inversions and expatriated profits that the wealth spreader in chief is powerless to stop. I would even go so far as to say we’re in a technocratic rapture that will culminate with eternal salvation for some once the ‘singularity’ is achieved. Transhumanism means the most productive, useful members of society won’t have to accede to the unenlightened. But depending on estimates, the singularity won’t occur for at least a several decades. In the meanwhile, free market capitalism will continue to eat the world, creating new industries and destroying obsolete ones.

Why We Need More Testing

This story about kindergarten testing went viral. Not surprisingly, there were many anti-testing comments, especially on the more liberal leaning sites. In the smartist era and in the meritocracy, we need more testing , not less, to help help identify gifted and slow students. Whether it’s an IQ test or a proxy such as the SAT, testing is the best way to assess individual general cognitive functioning for large groups of people, as well as identity exceptionally talented individuals.

How are we supposed to cultivate the next generation of scientists and tech superstars, many of whom attend public schools, if we let political correctness get in the way of good policy? The left has trouble accepting that cognitively, some people are superior to to others, and these differences can manifest in all sorts of aspects of society from income, to entitlement spending and crime.

Perhaps one reason why so many people are failing to participate in this strong economic recovery is because they simply aren’t smart enough. Their skills are obsolete, and they cannot adapt to change fast enough, so they get permanently left behind. The emphasis on profits & earnings and the hyper-competitiveness of the post-2008 economy has created a macro environment where the best and the brightest are thriving, while everyone else is treading water in a state of just barely getting by.

More testing raises the stakes for everyone, meaning that the overall population becomes better educated and competitive, in order to do well on the tests.

Many smart students find coursework boring and get poor grades, but excel at standardized tests, because they already know the material.

There was a fascinating tedx talk awhile ago about how standardized tests, contrary to being useless as often ascribed by the left, can predict lifetime outcomes such as wages, being published in a journal, level of academic attainment, and so on.

A common retort is that cognitive testing is inaccurate for young people, because their minds are still developing. Yes, except that smarter people develop faster, and these differences between individuals are reflected in the IQ score. A higher score means faster development. Furthermore, IQ can be measured reliably from the age of 3 and typically remains stable throughout life.

The Daily View: Abortion Debate, Economic Recovery, Political Dysfunction, American Exceptionalism

I have a 6th sense. Out of a list of hundreds of articles, I can tell you, with great accuracy, which ones will go viral. It comes from years of experience blogging and posting on websites. Many people have no clue what other people want to read. The quadrantsphere (education, race, economics and IQ) has never failed me. These are topics that affect everyone. We all like to rant about IQ and the SAT (how IQ & SAT matters/doesn’t), share our theories (often wrong) about race and our experiences (often bad) about school, and from the difficulty of finding work to the stories of the national debt, we experience economics on a daily basis.

TIL When nonpregnant people are asked if they would have a termination if their fetus tested positive for down syndrome 23–33% said yes. When women who screened positive are asked, 89–97% say yes

It’s nice to see leftist political sacred cows slaughtered in this raging debate on Reddit about abortion and Down’s Syndrome. Thank Richard Dawkins for kicking off this much needed open, honest discussion about prenatal care. We already have debates about prolonging end of life care for the elderly, which is not nearly as taboo, so why can’t we discuss end of life options for the early stages of life?

Richard Dawkins is right. Even though I ideologically lean republican, a compelling argument can be made for compulsory abortion in instances of genetic anomalies that would severely compromise cognitive functioning, quality of life, and life expectancy. If not stillborn, they are a burden on tax payers and the family.

We’re definitely in a technological and intellectual Renaissance in America. So many cool technologies and discoveries, especially in the past few years alone. And many more to come.The biotechnology revolution will settle the nature vs. nurture debate once and for all, that all traits are heritable. Because of this, biotechnology will help solve society’s ills through eugenics, new treatments for deadly diseases like cancer, designer babies, and prenatal screening.

Profits Without Prosperity: Post Great Recession, corporate profits and market have recovered booming. The rest of America has not

Is it wrong for corporations to horde cash? With few exceptions (like the 2008 bank bailouts or Tesla) corporations do a better job allocating cash than governments and charities. To quote Milton Friedman:

There are four ways to spend money. You can spend your own money on yourself. When you do that, why you really watch out for what you’re doing, and you try to get the most for your money. Then you can spend your own money on somebody else. For example, I buy a birthday present for someone. Well then, I’m not so careful about the content of the present, but I’m very careful about the cost. Then, I can spend somebody else’s money on myself. And if I spend somebody else’s money on myself, then I’m going to have a good lunch! Finally, I can spend somebody else’s money on somebody else. And if I spend somebody else’s money on somebody else, I’m not concerned about how much it costs, and I’m not concerned about what I get. And that’s government. And that’s close to 40 percent of our national income.

Sometimes in an economic recovery, not everyone can participate at once, or even at all. Those who create vaue, have high IQs, and take risks are reaping the lion’s share of this economic boom – think web 2.0, private equity, Bay Area real estate, Snapchat, Whatsapp, Uber, etc. The recovery is so uneven because, to be honest, many people are dull and employers no longer have much use for them. Redundant, useless, or overpaid jobs are being automated, outsourced, or simply eliminated. That’s just the reality of the hyper-competitive, meritocratic economic environment we find ourselves in today.

Here’s an interesting video about how millions of jobs may be rendered obsolete due to automation:

Before the financial problem of 2008, there was a labor glut, and using the crisis as excuse to thin the herd, multinationals are reporting record high profits, earnings, and productivity – a trend that will continue for a very, very long time to come. Dow 20,000 soon. Also, consumer keep spending and exports keep being blowout quarter after quarter. There was no de-leveraging nor a new era of frugality. The ‘new normal’ that Jar Jar Binks opined about in 2010 is the same as the old normal, but more extreme as in extremely high healthcare an education costs with no end in sight , extremely high gas prices, extremely high stock market, extreme profits & earnings, extreme wealth inequality, extreme police.. etc. Nothing changed, as this blog correctly predicted, and baring some major event like nuclear war or a massive asteroid impact, nothing ever will.

Sources of Political Dysfunction: America in Decay

Sorry liberals, but congressional dysfunction, low public approval of congress, and partisan intransigence does NOT mean America is in a state of decay, whatsoever. Historically, the economy and stock market has done better under a divided house. The best government gives no constituency exactly what it wants; instead, it leaves the free market to its own devices, keeps taxes and regulation low, and only intercedes during crisis like in 911 or in 2008. That’s the best way to govern, by governing as little as possible, except in exigent circumstances. If no one happy, no one has too much power. An example of how too much power and consensus is bad is Nazi Germany, or even FDR’s efforts to pack the supreme court so his policies would far outlive him.

But is America in decline? Again, absolutely not, as measured by record low borrowing costs for multinationals and the U.S. government, record profits & earnings, political and national stability, the booming web 2.0 scene, surging high-end real estate, and institutions such as MIT, Caltech and the Ivy League being the envy of the world.

From marginal revolution Which economies are most likely to be shrinking?

As I explain in the piece, the most likely economies to undergo sustained negative growth today are Italy, France, Croatia, Greece, Portugal, and possibly Taiwan. We should be more optimistic about the United States, but still a similar logic is applying to some parts of our middle class.

Tyler is right. It’s time to be optimistic about the future of America. Europe & Russia are pretty much in a borderline recession. Other countries have high inflation. America is in that sweet spot of tame inflation and steady growth.

America , unlike those other inferior countries, will never have a period of sustained economic decline or a decline in global influence. It’s why we’re exceptional. Thank good fed policy, multinationals, the tireless consumer, Washington for doing a good job during crisis, free market capitalism, the meritocracy ,etc. The left, in their war on success, wishes this weren’t so.

The Abortion Plan

Surprised the HBD blogosphere has not picked up on this Richard Dawkins’ Abortion Comment Sparks ‘Feeding Frenzy’ On Social Media

Liberals are attacking Richard Dawkins for merely stating what many already already know to be true: people with Down’s Syndrome (or any profound disability) are a drain on society, and perhaps the most moral and cost-efficient thing to do is ‘abort and try again’, in Dawkin’s own words. America has an entitlement spending problem, and our economy and society would be better with more people that contribute a net positive than individuals who drain public resources. This is only controversial because many people choose to think with their heart instead of their brain.

We (Grey Enlightenment) propose a plan to reduce entitlement spending, which is to require all pregnant women below a certain income threshold to undergo screening within the first trimester for conditions such as Downs Syndrome and other mutations that would severely compromise cognitive functioning and create burden for tax payers. Such fetuses would be aborted and the abortee would be given some remittance for cooperating with the program. Those who have the financial means to care for the disabled child would have the option set aside enough money before pregnancy for lifetime care, so they are paying for it, not tax payers.

To quote the super-smart, pragmatic, republican-libertarian and economist Aaron Clarey, ‘not all lives are precious.’

Pragmatic conservatism, utilitarianism, mixed libertarianism *, and neoliberalism are among the fastest growing political movements, because it proponents use logic and reason to construct policy that has a high return on investment and maximum utility, rather than illogical partisan orthodoxy that creates waste. This appeals to the smartest generation who are tired of the bullshit from the two-party establishment, the media, and pseudo intellectuals.

* Mixed libertarianism combines free markets with intervention such as bailouts for too big to fail and limited crony capitalism, along with the federal reserve. Profits should always be privatized with some losses socialized for too big to fail. This is in contrast to pure libertarians that oppose the fed and or any form of market intervention.

Everything is Awesome

As a member of the ‘neo reactionary right’, being an economic optimist makes me something of an oddity among a group of people that are already pretty odd to begin with.

Physics, bay Area Real estate, and web 2.0 will catapult America ahead of the rest of the world in the 21st century, as if we aren’t already running laps around everyone else. Europe and Russia are in a borderline recession while the U.S. is still growing briskly at 3% a year. It’s not just the fed, thank the tireless consumer and exporters for the strong economy. Compared to the rest of the world, America, especially around the West and East coasts, is a uniquely intellectual place that rewards risk taking and intelligence. That’s what makes our economy and free market exceptional as other regions such as Europe and South America struggle with sluggish growth and or high borrowing costs. America and its multinationals can borrow for next to nothing, because everyone wants to buy our safe debt.

Betting against the best minds in the world is always a losing proposition in the long run (with brief periods of success like in 2008 or in 1929). Those who bet against America, the consumer, and the resolve of the best and brightest to fix the financial problem lost their shirts if they didn’t cover before the huge rally. This happens over and over again. You have a problem that the media tries to distort into a crisis; fools or ‘dumb money’ think the world is coming to an end so they sell the market short, and when the dust settles they have to scramble to cover their shorts at a large loss.

Everything is awesome, yet if you read the comments on some of the most popular blogs, no one is happy. While the crisis-seeking left whines about not enough jobs being created or too much wealth inequality, America is in an intellectual Renaissance. People are getting richer and smarter than ever. So much wealth being created, especially in the past five years alone, as the stock market closes at another record high. If you’re smart and rich, now couldn’t be a better time to be alive. To be a web 2.0 founder, to by a physicist, to be an economist and to be smart means you’re an important person, a part of the national debate & process, and economically useful. Wealth and IQ should be celebrated, because smart and rich people are creating all these amazing technologies such as Tesla, Facebook, and Snapchat that are making our lives better, with infinite prosperity for the founders and early investors and just getting by for most Americans. Sometimes in a strong economic recovery, like the one we have now, not everyone can participate at once, or even at all. Only those who are worthy, which includes the cognitive elite, should get first dibs in the recovery; everyone else has to wait. It may seem unfair, but in a meritocracy, as exemplified by the American economy, the best and the brightest keep coming out ahead, no matter how hard the left seeks to create a level playing field. Social Darwinism means survival of the smartest. To try to change this would be like meddling with evolution – not only is it expensive and time consuming, but by interceding you make everyone worse off by threatening the homeostasis of the ecosystem.

Welfare liberals seek failure because they cannot create wealth and prosperity; they can only spread it around from the most successful to the least. Furthermore, liberals like Paul Krugman, Robert Reich and Joseph Stiglitz have been warning for years, to no avail, about the alleged economic consequences of rising wealth inequality, and they still keep being wrong.

Some examples of Krugman’s bad predictions include that the Euro would fail, a Eurozone country would default, a country would have to leave the Eurozone, and that the sequester and fiscal cliff would badly hurt the economy. The exact opposite happened: the sequester and fiscal cliff were just speedbumps, as this blog correctly predicted. So some blog is better at forecasting the economy than even two Nobel laureates and a midget. Other failed liberal predictions include: a student loan crisis, that America is Greece, a housing market crash, profits and earnings contraction, consumer being maxed out, consumer deleveraging, a bear market, a debt crisis, and high inflation – all wrong.

As an example of smart people making the world better, from lion and the WSJ The Golden Age of Neuroscience Has Arrived

One day we might have a “library of souls,” in which we can have a scintillating discussion with our long-dead ancestors or even historical figures. We could talk to a hologram of an ancestor, for instance, which can access all that person’s memories and personality.

A possible futuristic technology discussed earlier in this blog is the ability to program memories to allow people to implant positive experiences/memories and erase or cover up bad ones, like the movie Total Recall and the short story by Philip K. Dick. Memory modification and the ‘library of souls’ are both highly speculative and probably not feasible for hundreds of years, if ever. The closest approximation to an ‘alternate reality’ are psychotropic drugs and virtual reality.

Ferguson is Not the Future of America

We need a stronger police presence in Ferguson, with more tear gas and stun grenades. If these hoodlums won’t cooperate, suppress them with overwhelming force. If that means more injuries and some deaths, too bad. The problem is, like the Treyvon Martin death, Obama is taking sides when normally the executive branch never gets involved in local disputes such as this, and not surprisingly, Obama is siding with ‘his people’, instead of the police.

Patrick J. Buchanan has an article: Is Ferguson Our Future?

To answer the question in the title, more like the past than the future. A small complaint with Patt’s articles, in general, is how he uses an event (Iraq war, Ferguson riots) to try to make a broad prediction about America that never comes true, or he shoots down his own thesis like in the last paragraph of his article where he writes:

Nevertheless, the violence in Ferguson is child’s play compared to Watts in ‘65, Newark and Detroit in ‘67, and 100 U.S. cities including Washington, D.C., after

Dr. King’s assassination in ‘68. In those riots, great cities were gutted, dozens were killed, and thousands arrested.

So what was the point of the article if he says at the end that this is not a big deal, which is true, but must suck for readers who were expecting more.

Fortunately, incidents of American civil unrest like Ferguson are so rare that they even get their own Wikipedia page. So, I hate to be the bearer of good news again, but no, Ferguson is not the future of America. If you are a survivalist, maybe you do want things to get worse so all that gear and training doesn’t go to waste. Many liberals and some on the ‘far-right’, in their seeking of crisis and destruction, want more uprisings and a ‘system reset’, yet they underestimate the unbreakability of the status quo and the complacency of people. The vast majority of Americans (99.9%) don’t want to riot and make noise and would rather be productive individuals. That’s one reason why in the past 100 years, America has been so successful and peaceful compared to the rest of the world. Another reason is that America puts a lot of people in jail, especially since the 80′s, which correlates with the precipitous drop in violent crime:

A final explanation for the reduction of crime is eugenic effect of birth control, a theory proposed by economist Steven Levitt that was met with much criticism by the left.

Patt never passes on the opportunity to call America an ‘empire in decline’, and yet every metric from record profits & earnings, to record high stock prices, to historically low treasury yields indicates that the the American ‘empire’, for all its flaws, is doing pretty well and is at no risk of collapsing. It’s like Patt sets readers up and then lets them down, not only by his own doing, but because his arguments are so weak and full of holes that one can’t help but to not take him seriously. In reality, Detroit is the only example of a city that never recovered, but LA and DC have done fine. Most of this article is just him stating what everyone already knows about Ferguson, which is that lots of black people are mad over some punk getting shot. Nothing special here, but then again, Patt has never written much of anything good, anyway, and that’s probably why he was on MSNBC, of all places.

As a caveat, due to the expansion and militarization of American police force combined with millions of people permanently dropping out of the labor force and living on the margins of society, we predict there will be more deadly police vs. civilian encounters, but these will remain isolated, small events.

People Agree: Michael Brown Deserved to Die

All over social media, on sites like 4chan, Reddit, Digg and Buzzfeed, many commentators, some of whom are well-educated and don’t meet the profile of the ‘racist republican redneck’, agree that Michael Brown deserved his fate for instigating the situation, endangering the lives of attending police officers, and for having no redeeming values as an individual.

The police were doing their job they best they could, and sometimes people die in the line of duty. In such situations, the most comforting words you can give to the family is, ‘too bad’.

America is a nation of free market capitalism, technology, intellectualism, and law & order. With freedom comes responsibility through a ‘social contract’ between the individual and state. If an individual breaks this contract by committing a crime, is a punishment, as administered by the state, not to be expected?

From Wikipedia:

In an August 14 op-ed in Time Magazine, U.S. Senator Rand Paul of Kentucky said that police forces need to be demilitarized and that “[t]he shooting of 18-year-old Michael Brown is an awful tragedy” and that “Anyone who thinks race does not skew the application of criminal justice in this country is just not paying close enough attention.”[168]
Senator Elizabeth Warren of Massachusetts and Representative Justin Amash of Michigan tweeted similar descriptions of Ferguson as a “war zone” in the aftermath of the police actions of August 12, with Amash calling the situation “frightening” on August 13 and Warren demanding answers on August 14.

All this whining, from both the left and some of the right, is more evidence we’re becoming a nation of crybabies. Justin Amash is a liberal with an identity crisis, anyway, and is essentially Elizabeth Warren but with smaller balls.

Jim Goad on Millennials

An interesting article by Jim Goad from Taki How to Deal With the Brainwashed

It’s weird how this article came a just after my part three in the Smartest Generation series, where I also discuss the millennials, but in a more favorable light.

In a series of articles, The Smartest Generation Part 1, 2, & 3, I argue that the millennials, because of a higher IQ and better education, are less brainwashed and more receptive to controversial, politically incorrect ideas than earlier generations. While not outright labeling themselves HBD proponents, many educated young adults on Reddit at least acknowledge the validity of biological determinism and that many social problems, such as crime and poverty, have a non-trivial biological component. In the Steven Pinker v. Gladwell IQ debates, Gladwell’s biggest critics came from sites like Reddit and 4chan, because they knew he was full of shit, and correctly so.

Are we in a dark age as Jim Goud says we are? I hate to be the bearer of good news, but more like an age of enlightenment – a technological and free market Renaissance of unending innovation, knowledge and wealth creation. Seems like the left wants America to be doomed, because they have no faith in humanity. The Grey Enlightenment represents republican, libertarian, and HBD minded people who don’t wish to go down ‘we are doomed’ path of thought, because there is a lot to be optimistic about, especially in the fields of biotechnology and physics where, with the help of technology, a lot of discoveries are being made, many of them in the past few years alone. Uber, Snapchat, the stock market at historic highs, Bay Area real estate surging, the discovery of the Higgs Boson, and the detection of gravity waves from Big Bang.

Everywhere you look, smart people are making cool discoveries and technologies, sometimes becoming rich and famous in the process. Through the free market, America, more than any other country, rewards high-IQ and work ethic. Social Darwinism means those who create value are rewarded with capital and those who don’t fall between the cracks, and again, America, more than any other country, optimizes this. Despite some moral decay, America is an HBD experiment that is succeeding, and that is something the alternative right should be happy about. Yes, the left is winning the cultural war, but they are losing the economic one. Maybe it’s better to placate the masses with stupid entertainment than have them running around destroying stuff.

They start with one flawed premise—equality, which is a laughably obvious lie—and embrace it as an untouchable truth.

I dunno if Mr. Goad can make such a generalization about an entire generation. From my own discussions with millennials, few actually seem to believe in the concept of literal equality. Being well versed in economics and biology, they know some people will have superior outcomes to others due to a combination of genes and work ethic, not because the government isn’t spending enough to guarantee equal outcomes. They celebrate free market success stories, such as Tesla and Facebook, rather than begrudge them.

Goad’s article alludes to generational/culture clash between working class people of older generations who perceive the millennials as being pampered and ignorant, which some certainly are, but you cannot generalize all of them that way.

Ironically, despite its diversity, America is more divided than ever, and these divides run deep economically, politically, ethnically, and culturally. Even age. Besides a flag and some religious institutions, there isn’t really much that unites Americans, so we, as a country, splinter into little factions, wanting nothing to do with each other.