Meta Econ Takeover Day 39 \ stacker news ~meta

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884 sats \ 10 comments \ @Undisciplined 24 Nov 2023 meta

Another Thanksgiving lesson to remember:

The Great Thanksgiving Hoax By Richard J. Maybury "In the early years, the pilgrims of Plymouth Colony adopted a 17th-century form of socialism and nearly starved to death. They had little to be thankful for until they gave up on dreams of utopia and turned to markets instead."

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330 sats \ 6 replies \ @gnilma 24 Nov 2023

The pilgrims of Plymouth Colony was actually talked about in the previous episode of the Tuttle Twins. Season 2 episode 9, Wrestling with Socialism.

By the way, get your kids started on the Tuttle Twins if you haven't already. That show is just great.

246 sats \ 0 replies \ @scottathan 25 Nov 2023

Cannot recommend this show enough

21 sats \ 4 replies \ @Undisciplined OP 24 Nov 2023

I've seen a couple of clips, but it hadn't occurred to me that our daughter is ready for it. However, she probably would enjoy it just as much as Paw Patrol or whatever else she watches.

246 sats \ 1 reply \ @scottathan 25 Nov 2023

A family I know introduced their kids to it bc they thought it was a fascinating show. Now the parents can't get them to stop talking about it

21 sats \ 0 replies \ @Undisciplined OP 25 Nov 2023

The irony is that I've been recommending Tuttle Twins to other parents for a long time.

225 sats \ 1 reply \ @gnilma 24 Nov 2023

Hehe, it's never too early to brainwash your child with the propaganda of your own choosing. My 5 year old seems to enjoy it when he watches along with his older brother and sister, although I don't think he understands the topics being talked about. Just getting him familiar with the show and to like the characters, in hopes that he will revisit the show when he's older. It can just be an additional show on top of Paw Patrol and Octonauts.

21 sats \ 0 replies \ @Undisciplined OP 24 Nov 2023

We're fans of Octonauts over here, despite the eco-propoganda.

249 sats \ 2 replies \ @Undisciplined OP 24 Nov 2023

And the lesson more generally:

By Per Bylund How Government Meddling Makes Us Poorer "Regulations imposed on production or consumption place the economy on a lower value-creative trajectory and therefore a lower standard of living."

225 sats \ 1 reply \ @elvismercury 24 Nov 2023

There's a piece of this where PB is talking about monopoly, and the prospects of giant firms hoovering up small competitors to keep their advantage:

It’s really a way of outsourcing research and development. A0nd they’re also casting a much wider net in terms of imagination and ingenuity because they are not limited to the people they have employed. What’s wrong with that?

Nothing, except for things like patents, which create artificial monopolies of ideas. So large corporations might buy small businesses to get their hands on the patents, either to get the right to use them—or, probably more commonly, to kill the ideas. If there was no patent, it would not be possible to stop an idea because anyone could copy or adapt it and make new products.

Is this a canonical Austrian position against patents in particular and intellectual property in general?

228 sats \ 0 replies \ @Undisciplined OP 24 Nov 2023

I hesitate to say it's the canonical position, because neither Mises nor Rothbard held it. It is pretty widely held now, though.

The important voice on this is Stephen Kinsella, who's given tons of talks about IP in addition to writing Against Intellectual Property.