Why are you reading this? Go do something worthwhile.

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Joined 1 year ago
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Cake day: June 23rd, 2023

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  • It’s an interesting stat. Is this individuals or households? Is it “head of household” or is it also counting minors?

    Regardless, there’s enormous disparity.

    The median wealth in India, according to Wikipedia, is $3755. There’s probably hundreds of millions of people there who fall into the less than $380 category.

    Again, Wikipedia, but Africa has just over 700M inhabitants with a median $1242 wealth. That’s $879B. For everyone on the continent. 8 people have 1.5X more wealth than an entire continent full of people.

    But maybe it’s not 3.6B people. Maybe it’s 3B or only 2B people. It’s still not OK.


  • I remember sitting in the theater for Episode VII. I had a sense of excitement because it could be anything. It wasn’t an adaption of a book I’d already read, like Game of Thrones. It wasn’t a remake, like the Disney live action stuff. It was a reboot, but in a totally new direction since they threw out all the EU stuff.

    It was retreaded garbage.

    The only movie I’ve ever been more disappointed in while sitting in the theater was Cowboys and Aliens, because I was so excited for it to be xenomorphs. So sad. But it did cement that I will never trust a movie with old Harrison Ford in it.



  • It’s traditionally explained with two lemonade stands on a long beach. If their product is generally indistinguishable and both want to maximize their number of customers, they will eventually settle on halfway mark of the beach. One gets all the foot traffic from the left, the other from the right, splitting it 50/50.

    The same applies to businesses on a map, not just a one dimensional beach. Most consumers don’t really care if it’s a Home Depot or Lowes, or a BP or Exxon. If one of them discovers a gap in the market and places something there, someone else can come along and grab half the market. It’s something Walmart has done in a lot of small towns. They’ll come in and split market 50/50 with a small, local shop knowing that there’s not enough money to turn a profit with splitting the market in half. But they know they the can run a loss for a year or two, the competition will close, and then they’ll have 100% of the market.

    It’s a really topical thing in politics. There are more centrist voters than at either extreme end, so politicians tend to fall more in the middle. Politicians like Trump change the landscape though. While an extreme candidate, the Republican party had already been shifting more right for a while, so he only marginally pulled the voter base right, but pulled most Republican politicians right, or pushed them out. Democrats moved to match. It essentially means that far right Republicans have a short stroll to the nearest lemonade stand, but far left Democrats have to trudge a couple miles in the hot summer sun, and they’re deciding it’s not worth it.