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Comment Re:An MBA attempts to think (Score 1) 158

Actually, in followup to my own post, Netflix might not really believe their own story about viewer indifference to movie catalog size. Rather, it is a negotiating tactic: They tell that to the studios when negotiating for streaming rights, "see, we don't really need a deal with you guys to be successful, so you'll have to lower your prices." By that interpretation, the Netflix executives are no dummies, but they assume the studio executives to be.

Comment An MBA attempts to think (Score 1) 158

It's funny to watch executives try to reason from statistical evidence through to a valid interpretation of that evidence. I mean "funny", not in the ironic sense, but in the clownshow sense.

So it has not occurred to any of these bozos that that American viewers who care about the the size of the movie catalog do not use Netflix but choose an alternative, and Canadians who care about the size of the catalog do choose Netflix? American thinks, "Netflix sucks, too small a catalog, I'm renting elsewhere." Canadian thinks: "Hey, Netflix has a good size catalog, I'll go with them". It fits the evidence which Netflix offers perfectly. It's not a proven fact, it is an alternative explanation which must be excluded on the basis of evidence before concluding that the audiences do not care about the catalog. It might be the people who are not your customers who do care.

MBA : noun, A magical power which greatly increases the ratio of income to brains.

Comment demagogic nationalistic mercantilist nonsense (Score 4, Informative) 405

While it's not an exact match, Trump and Bannon are best described as mercantalist. Mercantilism is an antiquated and discredited economic theory and practice largely abandoned in Europe after the 18th century.

Among the flaws in that system is that it trades visible gains for hidden losses. (Over at the National Review, Kevin D. Williamson cites Frédéric Bastiat on that point in a great analysis of Trump's Carrier deal). An interesting thing about China luring away talent is that it draws attention to that loss of talent, making it less hidden.

Comment Re:side effects of truthiness (Score 2, Insightful) 385

Well, as they say, truth has a liberal bias,..

Really, please, keep saying stuff just like that.

It merits the reward of higher social status among your peer group of the neo-progressives perennially oblivious to the midwestern distaste for snotty liberal know-it-alls presuming to be our intellectual betters while demanding ever-more tax dollars, political power and control over our lives.

Win elections much?

Comment Re:Trump's not really changing anything (Score 1) 600

If an employer satisfies his labor demand using foreign labor, they will not be hiring from the domestic labor pool.

I stated that intuitions about trade are mistaken. Better, I should have instead stated that they are stubbornly mistaken.

To quote myself in previous response within this thread: You neglect the essential point that for every diminution of domestic employment to the advance of foreign, there is necessarily a reciprocal expenditure by foreigners within the U.S. Trade is, to a first approximation, balanced; You name what is lost to us by trade while neglecting compensating gains from reciprocal transactions which, though unidentifiable in the specific, must necessarily exist, those being fundamental to the definition of trade

This is analogous to the claim that ownership of wealth by one individual does not deprive others of the ability to own wealth since the economy is not a zero sum game.

No, it is not analogous. Consider an example: Because you start making ice cream cones I immediately have to stop making bicycle tires, but if you continue to make ice cream cones for a sufficiently long duration then I can resume making bicycle tires? You are being absurd.

Comment Re:Trump's not really changing anything (Score 1) 600

You neglect the essential point that for every diminution of domestic employment to the advance of foreign, there is necessarily a reciprocal expenditure by foreigners within the U.S. Trade is, to a first approximation, balanced; You name what is lost to us by trade while neglecting compensating gains from reciprocal transactions which, though unidentifiable in the specific, must necessarily exist, those being fundamental to the definition of trade; You do not make a point so much as miss the point.

Yours is a contrary view deriving from a failure of understanding and remains such until addressing that pervasive flaw in your argumentation.

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