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Comment Re: You can bet (Score 1) 42

I remember being a kid in the 90s and watching scare stories on the TV about other kids in the 90s who were so addicted to the computers they were writing software and making their own websites! As kids!

I wasn't one of those kids. I didn't LearnToCode until college. But I was good friends with one of those kids while in college. He's worth at least 10 or 20 times more than me now.

And the other millenial parents on my street are grabbing up spots at after school coding classes for their elementary school aged kids.

Not that I think it's gonna go anywhere. Unless your kid is significantly smarter than your average bear, coding won't stick until high school at the earliest. But I'm sure there were fads in the 90s that my parents were too poor to pay for that I just wasn't aware of that also went nowhere but elicited equally strong visceral reactions over what turned out to be nothing.

Comment Re: How do they define "gambling?" (Score 1) 22

When you buy stock in a company, you have a claim on a portion of a (nominally) productive asset (seize the means of production, comrade!) in addition to some expected gain or loss in value based as much on random variations in perception of value or random exogenous events.

When you bet on which politico more prodigiously panders to palm oil producers, what productive asset serves as the figleaf behind which you claim you are not gambling?

Comment Re: Say what you will re: free trade or protectio (Score 1) 129

The economics and methodology are different. Here, labor costs dominate so labor is what gets skimped on. There, labor is cheap and material costs dominate, so the materials are what gets skimped on. You can design something to minimize touch labor but still not fall apart it you look at it funny, but if you cheap out on the plastic or the adhesives it's going to fall apart fast.

Comment Re: Say what you will re: free trade or protection (Score 1) 129

I mean exactly what I said. If you run an aerospace company in the US, you can't hire foreign nationals, subcontract parts of your rocket or satellite to foreign companies without an export license *for the system requirements in your rfp* and you can't have it launched abroad without an export license.

In practice this doesn't mean you can't have foreign parts, just that they need to be entirely off-the-shelf, which most specialized aerospace components are not.

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