Why Most Things Fail: Evolution, Extinction and Economics (2007)

Paul Ormerod writes:

* Despite enormous increases in the number of air travellers in the second half of the twentieth century, the combined profit made by airlines over the period 1955 – 2000 was less than the losses they incurred in just the two years 2001 and 2002.

* Being out of work is the single most important determinant of poverty. This may seem so obviously true as to be hardly worth stating, but the popular press sometimes works itself into a frenzy about people living a life of unemployed luxury at the expense of the taxpayer.

* In short, the geographical segregation along class lines within the city of Manchester is very similar in 2004 to that described by Engels in 1844. There are marginal changes here and there, with some districts going up in the world relative to others and some going down. But his social map of the centre of Manchester and its immediate environs is at once recognizable today. A tourist armed with Engels’s guide would succeed in avoiding many of the worst and potentially most dangerous areas.

* It appears that, far from celebrating diversity, the masses have taken every opportunity to separate themselves along racial lines.

* The geographical separation of races is, of course, a major feature of American life. A dramatic illustration is given in Tom Wolfe’s novel A Man in Full , a complex and interwoven tale set in contemporary Atlanta, Georgia. The black mayor of the city has arranged to be driven around in order to illustrate exactly these divisions to his old fraternity classmate. ‘The drive went under the Highway 75 overpass and then past the old Atlanta Convention Centre, which meant they were already on Piedmont. Then the Mayor said, “You know what street we just crossed? Ponce de Leon.” This required no amplification, since practically everybody in Atlanta old enough to care about these things knew that Ponce de Leon was the avenue that divided black from white on the east side of the town. . . . They might as well have painted a double line in the middle of Ponce de Leon and made it official, a white line on the north side and a black line on the south.’
Immense efforts have been made in the US over many years to promote integration, yet the divisions along racial lines remain sharp. The Economist magazine reported in February 2003 that American schools were more segmented on racial lines than they were in the 1960s.

* Individual states in America have considerable discretion in the generosity of payments in the Aid to Families with Dependent Children (AFDC) scheme. In every single state, blacks are both in a minority of the population as a whole and at the same time are disproportionately represented amongst the poor. The maximum AFDC payment to a family of three tends to be lower the higher the percentage of blacks in a state’s population. In quantitative terms, a 1 per cent increase in the proportion of blacks is associated on average with a reduction of $7 in the monthly amount. In other words, the higher the percentage of blacks in the population, the less willing the non – black majority appears to be to pay for welfare.

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What American CEOs, Drug Cartels & Colleges Understand That Europe Doesn’t (3-2-25)

04:00 Postjournalism and the death of newspapers. The media after Trump: manufacturing anger and polarization (2020), https://lukeford.net/blog/?p=159114
20:00 Christopher Caldwell On Trump And Europe, https://andrewsullivan.substack.com/p/christopher-caldwell-on-trump-and
24:00 NYP: Disaster in the Oval Office: Dems lead Zelensky, Ukraine off a cliff with pressure to reject mineral deal, https://nypost.com/2025/03/01/opinion/dems-lead-zelensky-ukraine-off-a-cliff-with-pressure-to-reject-mineral-deal/
34:00 John Podhoretz on the Trump v Zelensky blowup, https://www.youtube.com/watch?v=MKb6RW-xra0
37:00 Michael rejoins the show, https://x.com/real_machera
40:00 Michael’s blog and his pro-Russian attitude, https://michaelmacherablog.com/
42:00 Rush Limbaugh, https://en.wikipedia.org/wiki/Rush_Limbaugh
45:00 Howard Stern, https://en.wikipedia.org/wiki/Howard_Stern
1:04:00 Zero Day, https://en.wikipedia.org/wiki/Zero_Day_(American_TV_series)
1:18:00 Running Point – Netflix sports comedy, https://en.wikipedia.org/wiki/Running_Point
1:21:00 George Friedman: Trump, Putin and Changing Global Realities, https://www.youtube.com/watch?v=-knLXnai3Mk
1:28:00 Steve Sailer analyzes Trump’s foreign policy, https://www.stevesailer.net/p/trump-speak-loudly-and-carry-a-smaller
1:44:00 Kip joins to wonder why I never married
1:51:00 How my dad protected me against kiddie fiddlers
1:53:30 When parents become friends with their adult children
2:20:00 People feel righteous
2:23:00 George Friedman on the Ukraine war
2:25:00 How gay were 1970s rock stars, https://www.stevesailer.net/p/how-gay-were-1970s-rock-stars
2:27:00 Kleptogamy, https://dragonflyissuesinevolution13.fandom.com/wiki/Sneaky_F*uckers
2:44:00 FT: How the Oscars went quiet on Trump: Apolitical is the new look in Hollywood as rows mar this year’s Academy Awards and studios shrink from dissent, https://www.ft.com/content/80fcb377-8133-46b7-83ec-f83484944244
2:50:00 Video: Trump and Zelenskyy Heated Oval Office Exchange: Body Language Analysis, https://www.youtube.com/watch?v=U0AIFIK8yKM
3:02:30 Baltimore Bridge Collapse | Full Documentary | NOVA | PBS, https://www.youtube.com/watch?v=aE7i201jc_A
3:05:00 Francis Scott Key Bridge collapse, https://en.wikipedia.org/wiki/Francis_Scott_Key_Bridge_collapse
3:09:00 Victor Davis Hanson on What Trump Thinks of Zelensky and Predicting Geopolitics, https://www.youtube.com/watch?v=1LoQu2x-XZc
3:11:00 News: ‘It’s all been scrapped’: Women in wildland firefighting bootcamps canceled after DEI cuts, https://19thnews.org/2025/02/dei-women-wildland-firefighting-bootcamps-canceled/
3:12:45 Axios: American college chaos, https://www.axios.com/2025/03/02/trump-universities-dei-research-funding
3:16:00 WSJ: BlackRock’s ‘Woke’ Era Is Over: Asset manager has exited climate groups and eliminated diversity targets as it tries to end ESG controversy, https://www.wsj.com/business/blackrocks-woke-era-is-over-ebdbd6e7?mod=hp_lead_pos10
3:25:00 Jeff Bezos Shakes Up The Washington Post, Media Collapse, and Reddit Is Pro-Terrorist,
https://www.youtube.com/watch?v=lY6Vzd1mYDM
3:28:00 Why is Kara Swisher sounding insane?
3:39:30 Trump II says DEI is racist against white people
3:46:00 NYT: Trump Threats and Mexico’s Crackdown Hit Mexican Cartel: Several cartel operatives said that for the first time in years, they genuinely feared arrest or death at the hands of the authorities. https://www.nytimes.com/2025/03/02/world/americas/mexico-cartel-fentanyl-trump-tariffs.html
3:52:00 Ukraine is the primary cause of its own suffering, https://www.ft.com/content/fcfbfc20-a1c7-4992-a2cd-83b688d349d0
4:07:00 How to Slash the Pentagon Budget | NonZero World feat. Julia Gledhill, https://www.youtube.com/watch?v=uSTnJG_sF54
4:09:30 Believe beautiful young women who tell us how to reduce Pentagon spending
4:26:00 MAGA’s working class base and Trump’s new tech friends

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Trump Zelensky Blowup At The White House (2-28-25)

01:00 Trump v Zelensky, https://www.nytimes.com/live/2025/02/28/us/trump-news
03:00 Reb Dooovid joins, https://x.com/RebDoooovid
08:00 Michael Wolff’s new book, ALL OR NOTHING: How Trump Recaptured America, https://www.nytimes.com/2025/02/21/books/review/all-or-nothing-michael-wolff.html
14:00 Pray for the government, https://www.myjewishlearning.com/article/praying-for-the-government/
35:00 Steve Bannon Emergency Podcast | The Tim Dillon Show #433, https://www.youtube.com/watch?v=S9aXjWdGWH8
41:00 Steve Bannon has changed his tune on Elon Musk, now Steve says nice things about him, https://www.youtube.com/watch?v=S9aXjWdGWH8&ab_channel=TheTimDillonShow
47:10 Why is Brett Baier getting all these exclusive interviews with world leaders? https://www.youtube.com/watch?v=8LUlSAs4E8c
49:00 How a podcaster solved Nikola Jokic, https://www.youtube.com/watch?v=rsf84_ZEFwk
55:00 Donald Trump and the ‘Revolt of the Elites’, https://www.youtube.com/watch?v=AMgGoJPXV2c
1:03:45 Trump kicks Zelensky out of the White House and Trump staffers eat Zelensky’s lunch
1:11:00 NYT: How Elon Musk Executed His Takeover of the Federal Bureaucracy, https://www.nytimes.com/2025/02/28/us/politics/musk-federal-bureaucracy-takeover.html
1:26:00 When Elon Musk tires of DOGE, bring in Marc Andreessen or Bill Ackman or Mark Cuban to continue the good fight, https://www.youtube.com/watch?v=8LUlSAs4E8c

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How Elon Musk Took Over The Federal Government (2-28-25)

Steve Bannon has changed his tune on Elon Musk. He’s now complimentary.
Bannon is Trump’s id.
Along with Russ Vought, Musk “is taking the most extreme action possible.”
https://www.nytimes.com/2025/02/28/us/politics/musk-federal-bureaucracy-takeover.html
The team is now moving faster than many of the legal efforts to stop it, making drastic changes that could be hard to unwind even if they are ultimately constrained by the courts. Mr. Musk’s associates have pushed out workers, ignored civil service protections, torn up contracts and effectively shuttered an entire agency established by Congress: the U.S. Agency for International Development.
A month into Mr. Trump’s second term, Mr. Musk and his crew of more than 40 now have about all the passwords they could ever need.

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How a podcaster solved Nikola Jokic

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