magicsmoke
The reason was because now the various city states needed a way to convince people outside their jurisdiction to also provide goods and services for their wars, and those people could not be cowed into using clay. Clay only works within a states jurisdiction because they could punish counterfeits and ensure it's value among subjects as a tax credit to the state. Outside a state's jurisdiction, foreign soldiers have no guarantee that those clay tokens will continue to be a secure store of value. What if the state you were fighting for collapsed tomorrow? Now their tax credits are worthless. Gold, on the other hand, holds it's value because people like shiny things regardless of which king is stamped on it. But because the gold is issued by a state with their tendency for standardization, now your gold trinkets come in nice standardized units instead of a random assortment of jewelry, what gold would have been used for previously.
Based on what I got from this post, humans are evolutionarily wired to like shiny things, and this gives us a competitive advantage. Instead of lazying around to enjoy the sunset after a good harvest, our ancestors would have used the time to make elaborate collectables for its artistic qualities. Despite collectables not being something you can eat or live in, they happen to be a good insurance mechanism during hard times. Other tribes, though untrusting and hostile, also like shiny things and will share their food with you for collectables during emergencies where you need to depend on the kindness of strangers, turning them into a way to store the value of the leisure time used to create them. I wouldn't call this currency because collectables have no standardized value, its value being entirely subjective based on artistic preferences. One hunter might really like the color of your beads and give you two pheasants. Another might only give you half, but will give you three for your ivory comb instead. But this system is enough to sustain basic barter circles between foreign tribes and account for social obligations over time.
This evolutionary tendency to like shiny collectables combined with standardized states is what I think creates our first metallic coins. King Croesus of Lydia is facing a major war crisis as the ancient near east enters an age of chaos and decides to hire foreign mercenaries. He can't pay them with standardized tax tokens since they aren't his citizens to tax. He can't negotiate a tribute with their leader in luxury goods and jewelry because they're ragtags gathered from all over the land with no single leader. What he can do is melt down his golden collectable statues, divide them into standard units reminiscent of existing tax tokens, stamp them with his symbol, give each individual soldier a coin for every battle they fight, and appeal to our inherent love for shiny things. And so the first gold coin based on the existing idea of clay tax tokens is born.
Planned obsolescence is also a form of this. Why build a phone that lasts 10 years when you build one that lasts 4, convince people to throw away perfectly working phones, and funnel the additional annual sales volume into technological research?
Bastiat's parable doesn't account for the sticky effects of capital investment. The glass makers in his stories only replace windows with old techniques and never use the spike in demand as an opportunity for technological development.
The article's description of global momentary systems being colliding whirlpools is very apt. The international arena is a game played by giants, where individuals travel and do business with their permission, and we very quickly find ourselves unpersoned if we piss off our home whirlpool and can't find another to jump into. Most of us that stay comfortably in the center of a whirlpool don't even notice it. But criminal groups, political dissidents, international corporations, and even someone dealing with cross border taxes and payments will know how bad the waves on the edges can get.
If you decide to go full nomad and never "own" anything, the tokens still work as IOUs in the eyes of the state. Try paying bus fares (public infrastructure fees) or parking tickets (fines/taxes) in bitcoin or gold.
Money is an IOU to be free from state violence in return for economic productivity and corvee labor.
On the other hand, the current nationalist Chinese bubble is not that much better. Listening practice on Bilibili would be a lot better without the equally tone deaf comments about how all their neighbors are puppets of the US without any personal agency and owe their culture and history to 5000 years of glorious Chinese civilization. The current anti-Chinese sentiments in the west would be far worse if your average American spent even 30 minutes on Chinese websites. They can complain all day about how biased BBC is towards China (arguably true), but I don't see CGTV overtaking BBC globally in popularity anytime soon. One whiff of that smug self-superiority is enough to make anyone regret learning Chinese.
Bombers flying towards the political capital = launch the nukes.
Navy sunk and the enemy is setting up a blockade = maybe we'll go be north Korea instead of giving up existence here.
Both sides burn through all their high tech armaments and don't have enough to really keep fighting = truce for 3 years so we can build more shit for the next war.
There are days when it feels like fighting a losing war. Digging up a few old movies to hear the sounds of a dying language and wondering if your kids will care enough to keep this game of broken telephone going into its final rounds, and why you have the right to impose that burden on them in the first place. Maybe it's better if they never know what they lost. I recently found out that my parents could have taught me two other languages that are also dying out, but they decided not to because who in the world would I use them with? Then I shrugged and went on with my day.
Cosmonaut: Russian
Taikonaut: Chinese
Spationaut: French
Vyomanaut: Indian
Based on their entries on wikitionary it looks like most phonetically written languages are able to express all these terms. Whether they commonly use them is a different question. From a cursory glance most of these are European languages such as English, German, French, etc. Languages like Arabic, Chinese, Japanese, Korean, Persian, Vietnamese, Thai, will use a term that's semantically correct but doesn't try to imitate phonetically.
I'll go out on a limb and say this bullshit gives English a small bonus in being a global franca lingua (if you discount historical factors). It would be hard to communicate and discuss foreign ideas and words when you can't even express them concisely in your own language.
Insert comments about programming languages and their pros/cons here for hacker news flavor.
Personally, it would be great if names on western websites are written with logograms in parenthesis and names on Chinese websites are written with spelled characters in parenthesis. Just another one of those weird cross-cultural areas of friction.
https://en.wiktionary.org/wiki/topolect
http://sino-platonic.org/complete/spp029_chinese_dialect.pdf
It's a way to take 方言 and decouple it from linguistic terms like language and dialects so a proper study and classification of the Chinese language family and its various languages and dialects can take place without interference from Chinese politics. When someone points out that Cantonese, Hokkien, and Mandarin are 方言 then linguists can nod politely, agree that they are in fact "topolects", then continue classifying them as Sinitic languages within the Sino-Tibetan language family each with their own collection of dialects.
Would be interesting to know if the study of Arabic has similar issues because from a layman's cursory knowledge Arabic has similar diversity when it comes to mutual intelligibility.
Credit rating is dinged: In the eyes of the lenders that debt trapped you. Why would you still want to be rated well by them?
Country cannot secure international finance: Continuing to secure financing from the people trying to debt trap you is a good idea?
Reputation damage: Same idea, why do you want to keep your reputation up with debt trappers?
Trade sanctions among financiers allies: This one actually has teeth. Don't pay your debts, don't get to trade with your debtors until you do. Hence why Iran and Cuba are locked out of trade with western countries due to their nationalization of western capital.
Taking on debt as a precondition to accessing a trading bloc so they get you hooked onto trade and can use that as leverage to force you to pay up is a pretty good power play. Of course, that leverage decreases if have other trade blocs as options.
8 ms isn't hard to hit. 8 ms with 100% reliability is.
This could have an extremely broad interpretation. Any military ship sailing through territorial waters with some passive wireless sensors, sonar, and temperature/salinity gauges could fall under this. Civilian ships as well if that info is later forwarded to the military.
So it was wrong. But clearly not wrong enough to warrant erasing America and its wealth from existence. Saying sorry and expressing regret is cheap. Actual action is expensive.
As an aside, I wonder what the psychological effects are from growing up in a nation where the public discourse is all about how the nation was unjustly founded. If a significant part of the next generation believes that America's historical foundations are rotten to the core and that its existence is a tragedy, what happens next?
I think that's a really simplistic view of human motivations and a reflection of how China is viewed in the West onto how any "reasonable" Chinese hacker must also view China. When in fact, how this hacker might view about the situation could range anywhere from feeling that the government was justified in their actions from a realpolitik point of view to an acceptance that it's just one of those complicated problems in Chinese society that can't be solved overnight, like systemic racism or economic inequality in the US. I doubt Americans live every minute of their lives thinking of all the minor tragedies that occur in their country at any given moment, and is motivated by them to overthrow the American system. Rather, it's more of a shrug and carry on while trying to do a little better within the system they have.