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Comment Re:Rose tinted glasses (Score 1) 511

That's a fairness problem though, not a problem with maximizing resource utility. True, if you had been born with a million dollars, you might turn out to be better at resource allocation than some people who now actually were born with a million dollars. But if you were really good at investing, you could start out with a small amount and turn it into a fortune.

Comment Re:MS used to ban people for useing there own hdd' (Score 3, Informative) 221

And the video game companies already lost the legal battle to prohibit people from using their trademarks as an unlock; if you make that the unlock, then you simultaneously give everyone permission to use it for that purpose.

Specifically, in the case Sega vs Accolade.

Comment Re:Rose tinted glasses (Score 1) 511

Effective? Capitalism gives resources to those who do well with their resources. If you make a good investment, if you allocate your resources well, then you will make money and have more resources. If you poorly manage resources, your poor investments lose money and eventually you won't be around to allocate resources anymore.

Giving money to poor people is equitable, but it's certainly not effective at resource allocation. Poor people don't make capital expenditures, they consume which is an inefficient long term strategy.

Comment Re:Back? It never left. (Score 1) 206

Let's take your homeopathy example. Suppose your kid comes to you and says, "Crystals can cure cancer." Start by getting her to think in a scientific way, with questions like, "That's interesting. How would you devise an experiment to test that idea?" You want to at least get them thinking scientifically. If there a little older, you can ask her what experiments have been done to test that idea. This is really easy now with the internet. When I was a teenager my dad taught me to do research at the library, and it was a pain.

As for the 'definition of Pluto,' you can tell her that it's just a definition, and it doesn't fucking matter, you could call it a rose and it wouldn't change the actual physical nature of the object, and arguments over definitions are a waste of time, best left for potheads and morons.

Comment Re: s/drug trials/climate change/g (Score 1) 320

Of course you are right, (we are both right), the question is how many events do you need for it to 'stabilize'? In some places we've only had good weather station coverage for less than a hundred years, so it really depends on the variance, and how many random variables are involved. Obviously with climate, there are quite a number of random variables.

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