Monday, August 24, 2026

Afghanistan and Vietnam as Long-Term Investments

On this day:
79
Mount Vesuvius erupts. The cities of Pompeii, Herculaneum, and Stabiae are buried in volcanic ash
(note: this traditional date has been challenged, and many scholars believe that the event occurred on October 24).
410

The Visigoths under King Alaric I begin to pillage Rome.
1349
Six thousand Jews are killed in Mainz after being blamed for the bubonic plague.
1391
Jews are massacred in Palma de Mallorca.
1456

The printing of the Gutenberg Bible is completed.
1662
The Act of Uniformity requires England to accept the Book of Common Prayer.
1682
William Penn receives the area that is now the state of Delaware, and adds it to his colony of Pennsylvania
1814
British troops invade Washington, D.C. and burn down the White House and several other buildings.
1857
The Panic of 1857 begins, setting off one of the most severe economic crises in United States history.
1929
Second day of the two-day Hebron massacre during the 1929 Palestine riots: Arab attacks on the Jewish community in Hebron in the British Mandate of Palestine, result in the death of 65-68 Jews and the remaining Jews being forced to leave the city.
1949
The treaty creating NATO goes into effect.
1991
Mikhail Gorbachev resigns as head of the Communist Party of the Soviet Union.
1991
Ukraine declares itself independent from the Soviet Union.

***

“Every time the US ‘saves’ a country, it converts it into either an insane asylum or a cemetery.”--Latin American author Eduardo Galeano

***

When Vesuvius erupted, 20,000 people lived in Pompeii, including merchants, manufacturers, and farmers who exploited the rich soil of the region with numerous vineyards and orchards. None suspected that the black fertile earth was the legacy of earlier eruptions of Mount Vesuvius. Herculaneum was a city of 5,000 and a favorite summer destination for rich Romans. According to Pliny the Younger’s account, the eruption lasted 18 hours. Pompeii was buried under 14 to 17 feet of ash and pumice, and the nearby seacoast was drastically changed. Herculaneum was buried under more than 60 feet of mud and volcanic material. Today, Mount Vesuvius is the only active volcano on the European mainland. Its last eruption was in 1944, and its last major eruption was in 1631.

***

The trial of the woman who killed her children includes testimony from medical professionals who saw her the day before the murders, and they said she was perfectly sane. Assuming they are competent, these murders imply that a lot of threatening and violent behavior is performed by people who are very different from their fellows but not clinically insane. That should worry everybody.

***

Full decompression kills an astronaut primarily through oxygen reversing direction, leaving the blood and diffusing backward into collapsed, unpressurized lungs, a process that can cause unconsciousness in as little as ten seconds. And his saliva boils.

***

You have to show your identification to board an airplane, cash a check, buy liquor, or check out a library book and rent a video, but not to vote for who runs the government. But you are assuming that your vote helps run the government and is not a placebo.

***


Afghanistan and Vietnam as Long-Term Investments

Trump has invested federal dollars in private companies, thirty so far. This is not new, clever, or innovative. This is contrary to every idea in a free society, and the Americans have fought an endless rearguard action against it. Not only does interference in the economy violate basic American principles, it also doesn't work. It's bad enough when the government is just predatory; it is a disaster when it gets entrepreneurial.
Two observations on recent events.

--Shapiro has done a U-Turn. He now opposes data centers. He did this with school vouchers, as well. He looked like a promising guy, so this is extremely disappointing. Is he just part of the current rage of politicians unrestrained by any real philosophy, like Trump? Does comfort with contradiction just make you agile in politics? Or do multiple U-Turns mean you're just a guy running in circles?

This looks like a significant political opportunity for someone. Data centers are coming, either fast or slow. And this astonishing and dangerous technology is going to be something the world will have to learn to live with. Why not develop a policy that accepts that reality, design and build a template to manage the new technology, and allow it to develop efficiently and safely? You might even create a template that presents risk management ideas for future technologies that are beyond the average politician's myopic ken.

Accept the challenge, create a management plan, then beat those politicians--whose idea of management is suppression--to a pulp with it.


--There is a weird dichotomy with successful people. Everyone is mad at them. The rich and successful are somehow on the outs. We vilify them; we suspect them of harboring aristocratic philosophies and cabalistic plans; we farm them for taxes.


But when they have an idea or want to start a business or a laboratory program, we suddenly think they are needy and desperate for our help. The country will lose its international edge without our tax support of these selfsame successful, rich, and creative people.

Why should the most capable, productive people in the land get money from taxes? Why should their efforts be underwritten by the average guy, struggling along? If a business idea or research is insightful and promising, the free market will be standing in line to support it and benefit. Yet these politicians think these people need their help. Somehow politicians and their bureaucratic assistants think all the smart, successful, hard-working highest quintile guys in society who have already proven their value just can't get along and achieve anything without the approval and help of the lower quintile of the high school class.

Sometimes the fussy State intrudes just because it can. There is a big difference between "I need..." and "I could use..." And sometimes the government just thinks it's crucial to everything

But the day is coming when financial restraint will not be voluntary.

No comments: