BC CULTURE
Saved by @CodyyyGardner

Today we come to the topic @EconTalker has called one of the more underemphasized lessons from #AdamSmith: That the Division of Labor is limited by the Extent of the Market. a.k.a Book 1 Chapter 3. #WealthOfTweets #SmithTweets

 We love ya, Smith, but we see why people don't dwell on this chapter. Unless they are really into the navigable waterways of the late 18th century. (I.iii.3–8) #WealthOfTweets #SmithTweets #RiverEnthusiastsRejoice
The first two paragraphs of this chapter are the meatiest. Then things get a little...#WealthOfTweets #SmithTweets
The more people there are to trade with, the more labor can be divided. Wealth of the people included in the market increases disproportionately as the division of labor progresses. Because division of labor is special sauce. (I.iii.1-2)#WealthOfTweets #SmithTweets
This seems like common sense. No one to trade with? You won't produce stuff for trade. Instead you'll produce the things you need, and because you need many things you won't specialize. No specialization, no division of labor. (I.iii.1–2) #WealthOfTweets #SmithTweets
So WHY, oh why!, do we spend so much time on ships and carts and rivers and oceans? Because the potholes of the North American Midwest and Northeast have got NOTHING on the roads of the 18th century. (I.iii.3–8) #WealthOfTweets #SmithTweets #WeeBabyPotholesDontStopTrade
Many of us are fortunate to live where we can take for granted the ability to travel over land. In other places and times, travel was and is so hard people can't even reach potential trading partners. (I.iii.3–8) #WealthOfTweets #SmithTweets
The technology that allows us to overcome distance—shipping containers, airplanes, reliable roads—is so embedded in our lives and easy to overlook that it can be hard to remember why Smith spends time on it at all. (I.iii.3–8) #WealthOfTweets #SmithTweets
(Not to mention the fact that trade in services has become much more important and many services can be delivered electronically regardless of distance!) (I.iii.3–8) #WealthOfTweets #SmithTweets
This really, really matters. Wealth can also collapse more quickly with the division of labor. A funny/not-funny example was the disappearance of Cool Ranch Doritos from Canada during the 2020 pandemic. https://t.co/Z6uWBzjXaC #WealthOfTweets #SmithTweets
Under economic lockdown, restaurants (cooks, dishwashers, hosts, servers, managers, accountants, delivery, distribution, etc.) disappeared, leaving grocery stores, prepared foods, and home cooks. Far fewer players at work! #WealthOfTweets #SmithTweets
Reduced chip and Kraft Dinner flavors is trivial—Canada is rich. Getting a bit poorer isn't devastating. But it should alarm us how quickly the reduction in division of labor translated to noticable changes to the market even for the rich. #WealthOfTweets #SmithTweets
This is the backbone of Smith's case for trade/markets. When, e.g., infant mortality rates are horribly high in economically undeveloped regions (like 18thC Scottish highlands), you need economic growth to get people wealthier and healthier ASAP. #WealthOfTweets #SmithTweets
When you're rich, the extent of the market affects chip flavors at the margins. When you're poor, it's food and medicine. Not trivial stuff. #WealthOfTweets #SmithTweets
The bigger picture for Smith: incorporating as many of us as possible into the division of labor increases and democratizes wealth, health, and quality of life. In a modern world, atomistic people aren't an option. (I.iii.1–8) #WeAreAllConnected #WealthOfTweets #SmithTweets

More from @AdamSmithWorks

@AdamSmithWorks
@AdamSmithWorks
@adamsmithworks
In yesterday’s discussion of colonies, #AdamSmith was really good on a lot of issues—particularly on condemning murdering Indigenous people, despoiling colonies in search of gold that ain't there, and then pretending you're doing it all for God. #WealthOfTweets #SmithTweets

Today, Smithketeers, will not be such a feel-good day. You will not be heartened. You might want to pour a cup of tea. Or something much stronger. #WealthOfTweets #SmithTweets

Smith starts by noting that the colonies of developed nations where the “natives easily give place to the new settlers” get rich and cultured faster than anywhere else.

That phrase “give place to” cloaks a lot of horrors. (IV.vii.b.1) #WealthOfTweets #SmithTweets

The reason colonies can do so well (for everyone but the Indigenous peoples, that is) is that settlers import the social, political, and technical know-how from the old country. (IV.vii.b.2) #WealthOfTweets #SmithTweets

There’s lots of land, which means you need lots of workers and are willing to pay them high wages.
Workers + land + money ➡ kids!
And more people ➡ prosperity. (IV.vii.b.2–3) #WealthOfTweets #SmithTweets
SOCIETY
@AdamSmithWorks
@AdamSmithWorks
@adamsmithworks
#DivisionOfLAbor, we love it! Except it *does* make it a lot harder to provide for our own wants directly. We live by exchanging and cooperating with others. (I.iv.1) #WealthOfTweets #SmithTweets

#AdamSmith is too smart to think all this exchanging and cooperating got worked out easily from the very beginning. There must have been bumps in the road. (I.iv.2) #WealthOfTweets #SmithTweets

Butchers could have so much meat to trade with bakers/brewers that they could end up with an unusable surplus of bread/beer. That stalls trade. Smart people would work to have a supply of an always-useful trade item on hand. (I.iv.2) #WealthOfTweets #SmithTweets

(We, the SmithTweeters, have never encountered a surplus of bread or beer we couldn't handle. But let’s assume Smith knows what he’s talking about.) (I.iv.2) #WealthOfTweets #SmithTweets


This is how we get money, folks! We want a stable, always desirable, easily stored, and easily transportable thing we can trade for other stuff! (I.iv.2) #WealthOfTweets #SmithTweets
SOCIETY
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@AdamSmithWorks
@AdamSmithWorks
@adamsmithworks
Wages, profits, and rents have “natural rates” regulated by the general conditions of the society in which they exist. (I.vii.1) #WealthOfTweets #SmithTweets

When the price of any commodity = price of rent + profit + labor + price of getting it to market, the commodity is sold at its “natural price.” (I.vii.4–5) #WealthOfTweets #SmithTweets

And that all means the commodity has been sold for what it is worth—what it really costs. (I.vii.5) #WealthOfTweets #SmithTweets

The price for which a commodity is sold ought to include a seller’s profit, because that’s how sellers pay themselves, just like they pay the wages of the laborers who work for them, who get their goods to market, etc. (I.vii.5) #WealthOfTweets #SmithTweet

Nerds among you may recognize the concept of economic profit here: it matters to the owners of stock whether they could have done better by using their stock elsewhere, not just whether they covered their costs. (I.vii.5) #WealthOfTweets #SmithTweets #WeLoveNerds
SOCIETY
@AdamSmithWorks
@AdamSmithWorks
@adamsmithworks
Yesterday #AdamSmith said things work pretty well when people have perfect liberty to choose a trade and where to practice it? In this half of the chapter he specifies the ways people aren’t at perfect liberty, and whose fault it is. (I.x.c.1) #WealthOfTweets #SmithTweets

And (spoiler) it's government policy’s fault! They restrain competition in some places, increase it in others, and obstruct free movement of labor. (I.x.c.2) #WealthOfTweets #SmithTweets

Many government restraints on competition are “as foolish as can well be imagined.” Like how coachmakers can’t make the wheels for coaches, but wheelmakers can make coaches. (I.x.c.9) #WealthOfTweets #SmithTweets

Lots of the rules he objects to have to do with apprenticeships, which may be one reason he’s not a fan of apprenticeship in general. (I.x.c.11) #WealthOfTweets #SmithTweets

Your labor belongs to you. It’s unjust for anyone to interfere with your sacred right to work. That doesn’t mean they have to hire you, just that it is a violation if a guild or government forbids someone from working. (I.x.c.12) #WealthOfTweets #SmithTweets
SOCIETY
@AdamSmithWorks
@AdamSmithWorks
@adamsmithworks
We have to pause now, because we have to have a whole new tweet thread on #AdamSmith and “savage nations,” because he’s going to keep using this kind of phrase, so we need to talk about it. #WealthOfTweets #SmithTweets

Please know that your friendly SmithTweeters give heavy side-eye to Smith’s use of phrases like “savage nations” and “naked savages” and so on. They are obviously shocking to the modern ear, and they should be. #WealthOfTweets #SmithTweets

“Well, it’s the 18th century, what do you expect?” just isn't a sufficient explanation. #WealthOfTweets #SmithTweets

The 21stC changed from talking about the First World/Third World to talking about developed/developing nations. That’s a good change and a respectful one. The terms we use for countries will continue to change. See:

Probably the best way to think about Smith’s use of the term “savage nations” is to think of it as its own developmental stage on its way to a better set of terms for talking about the differences among nations. https://t.co/2wr7yACEv5 #WealthOfTweets #SmithTweets
FOR LATER READ

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Noah Berlatsky
Noah Berlatsky
@nberlat
I've completely fallen down a well of reading crappy superhero comics. (virtually all superhero comics are crappy.)

it's a comfort food thing. takes me back to my ill spent youth.

read a bunch of Dan Slott's she hulk run, which is depressingly sexist, all things considered. (the old, there's something wrong with you if you're a powerful woman who enjoys being powerful trope.)

Gail Simone's Birds of Prey is pretty fun; character interactions are great but she's got trouble figuring out worthwhile plots. all the villains are pretty eh.

read some Bendis avengers and new avengers. he writes fun characters, but the crossover stuff is so omnipresent it's hard for him to develop any narrative cohesion.
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John Moe
John Moe
@johnmoe
(a thread)
My favorite tv show is Adventure Time. I am here to argue that if you look at the show from an angle of mental health and managing it, Finn and Jake are not the lead characters. Princess Bubblegum is. 1


The most compelling character on the show, to me anyway, is Lemongrab. He was created by PB, the first of the candy people she created to “go wrong”. Lemongrab has devastating anxiety. He doesn’t know and can’t learn how to interact with the world. 2


When he’s lonely, he sneaks into the castle to stare at people while they sleep. PB tries to teach him to cuddle and play with a candy person but he can only poke and slap. He screams, he calls things “unacceptable”, he sentences folks to the dungeon. 3


When given a castle of his own and a clone to keep him company, everything gets donked up. He and his clone make living messed-up people out of their food, they eat each other, it’s a horrifying place. 4


Lemongrab just CAN’T with other people. The more he tries, the more frustrating it gets, so the more he screams.
For the purpose of this thread, Lemongrab represents ANXIETY. 5
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Indian History
Indian History
@sukarma0
Thread on best books + readers to learn Sanskrit. I will list only books I have read & their pros and cons.

1. Samskrita Bharati (4 Part Series)

This is by far the best structured english course to learn to read, speak & write Sanskrit. The material is well-structured.


... and grammar is introduced at apt phases. There is enough Sanskrit text to immerse yourself & best part is they have accompanying online/in-person courses entirely in Sanskrit. This is the best method to learn spoken Sanskrit.

2. Svayam Sanskrit Shikshak (Hindi)

This is the second best immersive-learning series. There are 2 parts and progression is gradual. The advantage is it is entirely in Hindi, so the 1:1 syntax + vocab connect for native speakers is instant, Hindi being a daughter of Sanskrit.


this however is also it's only disadvantange. It's language restricted & not suitable for say a Telugu with poor Hindi or for an American or European learner. There is enough reading material here to "learn" Sanskrit.

3. The Sanskrit Language – Walter H Maurer

This is an amazing course. The best to learn Sanskrit for Americans/Europeans & an excellent one for Indians to use to learn the western grammar terminology. Best part about it? It is extremley long & has at least 100 pages of Sanskrit.
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Dr. Leah Stokes
Dr. Leah Stokes
@leahstokes
For my book, I interviewed Texan Republicans, Democrats, oil guys + clean energy pioneers. Texas was once leading in wind energy, with GOP support. Now we get lies, from the Gov on down on renewables. What happened?

Lessons from Short Circuiting Policy https://t.co/KtxaBci5oC 🧵


Texas' challenges are not from "learning too many renewable energy lessons from California.” - Rep. Crenshaw

Texas passed its first renewable energy target in 1999, 3 years before California. The law was signed by, Gov. George W. Bush — you may recall he’s a Republican.

Gov. Bush was so proud of Texas’ leadership on wind energy, that he campaigned on it when running for President in 2000.

The "bill he signed in 1999 will make Texas the country’s largest market for renewable energy by 2009."
https://t.co/T4dKZ5qGnA


In 2005, Texas passed another big wind energy law, which included $7 billion for transmission.

It was sponsored by Republican state Senator Troy Fraser and signed by Republican Gov. Rick

With Gov. Abbott going on TV this week and lying, blaming the boogeyman “Green New Deal” and wind turbines for Texas’ current crisis, GOP leadership on renewables feels like ancient history.

What happened over the past 15
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Jo Luehmann
Jo Luehmann
@JoLuehmann
I am going to say something very uncomfortable. Read before you react please.

Purity culture encourages pedophilia, a thread:

Purity culture encourages pedophilia.

Some of the standards of purity culture are innocence (pretty much ignorance about sex), submission (for women), virginity as the ultimate standard, and “modesty” (for women that is wearing clothes that don’t reveal their adult curves)*
1/

Purity culture makes the desirable standard a child. It makes child likeness desirable in regards to sexuality. It makes virginity, and innocence, and submission; what the male brain should want most in a partner. And your brain doesn’t rewire just because you get married.
2/

This doesn’t mean every man raised in purity culture is a pedophile, that’s not what I am saying. What I am saying is that purity culture wires the brain of men to desire child likeness, which encourages pedophilia. After all desire and objectification happen in our brain.

3/

Now if you are a pedophile who wants to act on those desires, purity culture does a lot of the grooming for you. Purity culture discourages comprehensive sex education leaving children without the ability to know what’s appropriate and what’s not.

4/
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1/ Something strange is happening with people’s sex lives. 20-somethings are having sex later and less frequently than previous generations. I spent several months digging into this for @theatlantic. https://t.co/5ehzmWY9wi


2/ This phenomenon—I’m calling it a Sex Recession—really surprised me. It seemed improbable in the age of Tinder, digital porn, and attitudes that are generally permissive and sex-positive.

3/ What’s happening isn’t exclusively American: Similar trends are being observed in other countries, including Japan, Australia, the U.K., Finland, and the Netherlands.


4/ One cause is obvious: Adults under 35 are less likely to be living with a partner than in recent decades, and more likely to be living with their parents—which, it’s safe to say, isn’t great for one’s sex life.

5/ But I also found other explanations, each with profound implications. The first, unsurprisingly, has to do with internet enticements. Netflix and other online entertainment may be substituting for sex.
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Aditya Todmal
Aditya Todmal
@AdityaTodmal
The absolute best 15 scanners which experts are using.

Got these scanners from the following accounts:

1. @Pathik_Trader
2. @sanjufunda
3. @sanstocktrader
4. @SouravSenguptaI
5. @Rishikesh_ADX

Share for the benefit of everyone.

Listing all scanners from @Pathik_Trader Sir first.

1. Open

2. 80-20 Reversal Setup


3. Fake

4. Trapping Inside Bar (Positional Setup)
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\uc2e0\ub150\uc758\uc0ac\ub098\uc774
신념의사나이...
@Belposto_korea
The RV and the Redemption Funds.

ALL Exchanged Currencies as well as all Zim Redemption funds will be placed in the accounts they set up in the Quantum Financial System./1

Absolutely none of these funds will be placed in a Bank at the redemption appointment. Bank computers cannot be programmed to transfer Digital Gold Certificates./2

The QFS can and will transplant funds into a bank account as has been explained earlier,/3

so a person can transfer funds to their own bank account but the desirability will become less and less as the banks go into receivership and their customer’s deposits are confiscated to avoid the Bank’s demise./4

Which bank can compete with the QFS when the QFS is free, secure, private, and stable? One of the major problems in the transition will be the use of Debit Cards for merchant purchases. Will VISA or Mastercard be available?/5
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UN Watch
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@UNWatch
The UN just voted to condemn Israel 9 times, and the rest of the world 0.

View the resolutions and voting results here:

The resolution titled "The occupied Syrian Golan," which condemns Israel for "repressive measures" against Syrian citizens in the Golan Heights, was adopted by a vote of 151 - 2 - 14.

Israel and the U.S. voted 'No' https://t.co/HoO7oz0dwr


The resolution titled "Israeli practices affecting the human rights of the Palestinian people..." was adopted by a vote of 153 - 6 - 9.

Australia, Canada, Israel, Marshall Islands, Micronesia, and the U.S. voted 'No' https://t.co/1Ntpi7Vqab


The resolution titled "Israeli settlements in the Occupied Palestinian Territory, including East Jerusalem, and the occupied Syrian Golan" was adopted by a vote of 153 – 5 – 10.

Canada, Israel, Marshall Islands, Micronesia, and the U.S. voted 'No'
https://t.co/REumYgyRuF


The resolution titled "Applicability of the Geneva Convention... to the
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Canada, Israel, Marshall Islands, Micronesia, and the U.S. voted 'No'
https://t.co/xDAeS9K1kW
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Vibhu Vashisth
Vibhu Vashisth
@VIBHU_Tweet
Do you know?

The Golden Shine on the artificial jewellery of modern times is a gift by Nagarjuna.

Now,u might be wondering,who is Nagarjuna?

Nagarjuna was the name of an ancient Indian scholar&scientist whose name is associated with the fields of Alchemy,Chemistry& Metallurgy.


He conducted a number of alchemic and Metallurgical experiments directed towards transforming base elements into Gold.
According to Eduard Sachau's Alberuni's India, Nagarjuna was termed as a Metallurgist who was born 100 yrs before Alberuni's time, who was born in 973 CE.


According to some records Nagarjuna was born in 9th century CE near Somnath,Gujarat and according to some Tibetan & Chinese sources he was born in Vidarbha,Maharashtra from where he later migrated to Deccan region.


Edward Schau quotes in his book,'They have a science similar to Alchemy and Nagarjuna is famous for this science which they call as 'Rasayana'.

Nagarjuna's book 'Rasaratnakara' is one of the earliest documented texts on Alchemy,Chemistry & Metallurgy in Sanskrit.Nagarjuna successfully discovered through his experiments the alchemy of transmutation of base metals into Gold.This was not real gold but a gold like substance.
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