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Cake day: January 12th, 2025

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  • So instead of selling the food in thin containers that eventually become planters or paint buckets, why not let people bring their own Tupperware or plates from home?

    Food safety reasons. The restaurant then has to clean any random container people bring in, because it represents a contamination risk to the kitchen.


  • The key difference between all previous civilizational collapses and the one we potentially face is that most people in the past were farmers. Even in the grandest empires like Rome, less than 10% of the population actually lived in cities. Most people lived in the countryside working the land. The city of Rome lost something like 95% of its population. But those people didn’t just crawl in a hole and die. They abandoned the city and joined the vast majority of the population that was living in the countryside. Many in the countryside actually saw their quality of life improve substantially. Many who had been slaves found the old legal system enforcing their slavery no longer existed. Rome collapsing just meant the end of the grand cities; political and economic systems could fragment, and people would just live more locally.

    But today? Less than 5% of the population actually works on a farm. The vast majority of the population lives in cities. If the political and economic system collapses, the countryside can’t just absorb all those extra people. Hell, the farms can’t even operate without the equipment, fuels, and chemicals produced by the larger economic system.

    Historically, when civilizations collapsed, the common folk just left the cities, abandoned the corrupt elites to their madness, and returned to small villages and rural life. But now there is simply nowhere for people to retreat to.







  • They should have made any bank bailout contingent on nationalization. That was the big mistake.

    Is your bank insolvent to the point that it needs emergency federal assistance? Is it so grand that letting your Tower of Babel collapse endangers the entire nation? Do we the taxpayers have a guns to ours heads here, forcing us to give out these bailouts? All to clean up the mess left behind by overpaid, overconfident, completely incompetent bank executives?

    If so? Fine. A bailout will be given to protect the customers and the nation, but the existing shareholders are completely wiped out. The feds take ownership of the bank. They divide the accounts and remaining assets of the megabank up amongst a dozen smaller new banks it creates as a replacement for the failed giant. The Federal Reserve provides credit to the new banks as they get started. Eventually, when they stabilize, the government holds IPOs for the new banks and completely divests ownership of them.

    THAT is how bank bailouts should work. This way, moral hazard is avoided, the government isn’t fleeced, and market consolidation is reversed all in one go.