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by rando18423
3650 days ago
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I think his point is that the idea that knowing you will be retaliated against, even if it's a "net loss" in some ways for those retaliating against you, is an extremely powerful force for good in our society. Do you disagree? I think that because I'm a quant and I see people making pretty basic mistakes here, or making fallacious assumptions about other fields assuming they follow the same logic as software, quite often, and that seemed to be happening in this thread. I maintain that developers are usually not qualified to talk about economics in much beyond the most basic sense, because they haven't actually studied advanced economics beyond how it pertains to the tech industry. They just make linear extrapolations and are shocked (shocked!) when their narrow (and admittedly unique) model of the world breaks down. |
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If you have taken anything beyond economics in the most basic sense, then you know the answer to any economic question is, "it depends."
So in this case, I do not think that the riots did anything to the city government's or local police force's sensibilities, because it doesn't cost them anything...they get to use the house's (the citizens) money. It is the same reason lawsuit settlements do not seem to have an effect on police misconduct -- they don't care, it doesn't really cost them anything. So to your direct question, regarding the Baltimore riots, no I do not think it was a net good. The people protesting got nothing, businesses and private property got trashed, and the city paid costs with taxpayer's money, and nothing changed. There was nothing good that came of that, or the threat of that.
I do take your point about armchair economists seemingly having the solution to nuanced macroeconomic problems that stymie experts, and I agree we have seen a lot of that recently with Brexit.
However, I do not think that people can't have an opinion on something because their eduction level in that specific area is not elite enough, better to explain why they might not be right, if you have a better answer.
Maybe you could make them one of today's lucky 10,000.[1]
[1]https://xkcd.com/1053/