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mircea_popescu: undata you know there's worse things than being a chick.
mircea_popescu: hey, i'm a sporting man. i like to lay the occasional bet.
mircea_popescu: not about yourself lmao, who the fuck gives a shit about yourself ? and you least of all!
mircea_popescu: like you know, telephone poles. you ever seen a charred old pole, from a lightning strike ?
mircea_popescu: undata not just. houses too, if you build brick walls on concrete pillars... wtf is going to burn ?
mircea_popescu: at least, not until the idiot westerners came in to build "offices" and "supermarkets"
mircea_popescu: nobody in romania has heard of or could imagine the point of "a sprinkler system"
mircea_popescu: bounce a properly built house doesn't "Burn down" anyway.
mircea_popescu: undata sure, but that's not really a societal response.
mircea_popescu: undata note that this isn't a matter of should, but of does.
mircea_popescu: or in other words : someone's going to be stuck with the old and the infirm no matter how you work it out.
mircea_popescu: undata that's a different story tho. some allowance will have to be made for people who worked in one system, if you change it to another system,
mircea_popescu: Load Averages: 0.00 0.00 0.00 <<< now listen cazalla, you'd better get moving with that qntra thing nao!!1
mircea_popescu: we are, as a species, the results of that house surviving, you know.
mircea_popescu: and more importantly, what licenses you to make this call.
mircea_popescu: well thereabouts : if i live in a neighbourhood where flood is 10% yearly, but because of where exactly my house is my chances are 2.3%
mircea_popescu: and similarly, arguing that insurance can't see the maps of the land because you want to have coops of idiots in insurance is nonsensicla.
mircea_popescu: but my argument is : just because your john is an idiot, itdoes not follow you now have license to make a rule as to what mircea the evil can or can not do with his slavegirls.
mircea_popescu: but co-ops are just co-ops. no owner, no sovereign, no hope and no future.
mircea_popescu: bounce because mircea the evil can and will tell everyone to go fuck himself with a rolled up newspaper, among other things. because it's his motherfucking million.
mircea_popescu: then the town is bankrupt suddenly, and everyone wonders
mircea_popescu: soon enough they're out there supporting causes and underwriting bonds with gs and stuff.
mircea_popescu: undata well, could be summarized thus. moreover, what it's saying is that capital allocating wisdom can not be faked by merely collecting capital.
mircea_popescu: a guy with one million one dollar bills collected from his fellow nobodies is not a millionaire. he's a dangerously overpowered representative of the mob.
mircea_popescu: but irrespective of all this, they play a role to support a theory, and that theory is "we too".
mircea_popescu: they are not slaves, have not the training, nor the skill nor in the end the needs or structures of that relationship.
mircea_popescu: the girls in the ghetto, for love of their fatherland, pick up john, sit him down at the table opposite and cuddle at his feet, just like the others.
mircea_popescu: ie, john is a poor but stupod kid from some downtown ghetto in some derpy town. one day, mircea the evil comes there on business, sits down in the bar with his two bitches cuddling at his feet and drinks a rum or something
mircea_popescu: Ei, asta-i patriotismul, fetele din exemplu dau dovada de “dragoste de cartier”, si asta-i chestia pe care s-a construit Romania socialista daca sunteti curiosi, o structura de altfel imprumutata de la Romania carlista. Totul pentru patrie!"
mircea_popescu: indiferent de toate aceste aspecte, ele joaca un rol ca sa sustina o teorie : ca si la noi aici in cartieru’ curului avem chestii fine, si-un Ion care chiar daca-i numa’ din trei litere totusi e la fel de bun ca orice sef venit din zari.
mircea_popescu: si i se ghemuiesc la picioare si ele, ca alelalte. Ele sigur nu-s sclave, n-au nici antrenamentu’ nici priceperea nici pina la urma nevoile si structurile relatiei respective, acasa nu le-asteapta coloane de marmura, gradini unde apa susura printre chiparosi si havuzuri din care irumpe martipan ci peretii goi de beton, carpeta cu rapirea din serai si noptiera de placaj ramasa de la strabuna cu plosnite cu tot. Da’
mircea_popescu: the relevant part : "Ca sa ne intelegem mai bine : Ion e un copchil sarac si cam prost dintr-un cartier amarit din ceva orasel indistinct. Intr-o zi, Mircea cel Rau vine pe-acolo cu treaba, se aseaza-n bar cu cele doua catele ghemuite la picioare si bea un rom ceva. Fetele din cartieru’ respectiv, din dragoste de patrie (in exemplu’ nostru cartieru’ respectiv) il iau pe sus pe Ion, il aseaza la masa de vis-a-vis
mircea_popescu: this is actually better discussed in an old article, lemme find it.
mircea_popescu: you can't emulate a rich man by getting 100 poor idiots to donate a dime.
mircea_popescu: just because insurance co-ops exist doesn't mean they're anything important you know.
mircea_popescu: asciilifeform these are things that should be emin ently insurable in bounce's paradigm of insurance
mircea_popescu: enough people with the same problem construct a large problem, not a solution.
mircea_popescu: bounce sure. you can also go to the moon by pulling on your underwear
mircea_popescu: "if you can't insure it don't do it" is how it goes on ws.
mircea_popescu: "the odds of this crop failling are 1%, pay me a dime get a ducat if your crop fail"
mircea_popescu: this is why the trading states (historical la serenissima, others) benefited so much from rich people in their midst. it creates stability, when there';s a guy with a large fortune capable to make specific statements about the future.
mircea_popescu: but insurance is a financial matter, based on the wealth of the rich.
mircea_popescu: this is the communal view, based on a cooperative of the poor.
mircea_popescu: <bounce> you know, insurance by its very nature is a social institution: statistics to spread the pain of disaster over many in manageable proportions. << i do not agree.
mircea_popescu: otherwise the market, if left alone instead of forced to "not abuse power" or w/e it's called, would push them to what can be borne on volatility
mircea_popescu: incidentally, the REASON insurance in the us is so expensive, is exactly the nonsense noise and crap induced in the calculations by the socialist legislation.
mircea_popescu: doubt it tho, the house edge naturally trails the quality of prediction.
mircea_popescu: same thing as discussing "average iq" or other similar insanities born out of an inability to statistics.
mircea_popescu: asciilifeform as in, take five people, pretend they're all the same, insure the lot.