lev.lafayette's blog

It's a common theme among AnCaps that their system is economically superior, indeed, many do without question.

However, around 1990ish there were a large number of countries which were socialistic and became capitalistic. All of those countries, without exception, suffered a massive economic downtown in GDP per capita which lasted in most cases over decade before they returned to their level prior to the change in system.

Proportional representation is usually expressed in a manner as being a "fair" electoral system, where if your group received 40% of the vote your group will also receive 40% of the representation. Opponents typically decry it as meaning that it can lead to a situation where a minority group, controlling the balance of power, can have undue influence. Drunkenly familiar with power, it is little surprise to discover domineering political parties reject calls for proportional representation.

I've been saying this for years, and commented on various 'blogs etc with this argument. It is well about time that I stated it in a single post.

Value is objective in supply.
Value is subjective in demand.
Value is intersubjective in price.

That's the Lafayette Law of Value. Thank you.

Alexander Zakharchenko, leader of the separatist People's Republic of Donetsk, has proclaimed the creation of the Republic of Malorussia (Russia Minor) which includes all of Ukraine.

http://abcnews.go.com/International/wireStory/ukrainian-separatists-proc...

Today is Bastille Day, la Fête nationale, le 14 juillet and all over the world, various francophones and francophiles will be celebrating all things French, or at least all things that they think are French. As usual, in France itself there will be the traditional military parade, when the French wing of the military-industrial complex puffs up its chest in recognition of its legacy as an imperialist power, its nuclear arsenal, and its membership to the UN Security Council.

Even observers of The Shambling Mound are entitled to a break, and that's exactly what I did last week thank you very much. A quick visit to one of the more isolated spots of New Zealand was thoroughly enjoyable although it did seem strangely appropriate to catch the tail-end of a hurricane and undergo a short blackout.