I suspect nature is constrained by basic physics/chemistry/thermodynamics in a variety of interesting ways.
For example, chemical reactions (and thus biological processes) proceed more quickly when they are warm than cold–this is pretty much a tautology, since temperature=movement–and thus it seems reasonable to expect certain biological processes to proceed more slowly in colder places/seasons than in warmer ones.
Temperature is a basic and essential property of any physical system, including living systems. Even modest variations in temperature can have profound effects on organisms, and it has long been thought that as metabolism increases at higher temperatures so should rates of ageing. Here, we review the literature on how temperature affects longevity, ageing and life history traits. From poikilotherms to homeotherms, there is a clear trend for lower temperature being associated with longer lifespans both in wild populations and in laboratory conditions. Many life-extending manipulations in rodents, such as caloric restriction, also decrease core body temperature.
This implies, in turn, that people (or animals) who overeat will tend to die younger, not necessarily due to any particular effects of having extra lumps of fat around, but because they burn hotter and thus faster.
Weighing more may trigger certain physiological changes–like menarchy–to begin earlier due to the beneficial presence of fat–you don’t want to menstruate if you don’t have at least a little weight to spare–which may in turn speed up certain other parts of aging, but there could be an additional effect on aging just from the presence of more cells in the body, each requiring additional metabolic processes to maintain.
Observational study of 8,003 American men of Japanese ancestry from the Honolulu Heart Program/Honolulu-Asia Aging Study (HHP/HAAS), a genetically and culturally homogeneous cohort followed for over 40 years. …
A positive association was found between baseline height and all-cause mortality (RR = 1.007; 95% CI 1.003–1.011; P = 0.002) over the follow-up period. Adjustments for possible confounding variables reduced this association only slightly (RR = 1.006; 95% CI 1.002–1.010; P = 0.007). In addition, height was positively associated with all cancer mortality and mortality from cancer unrelated to smoking. A Cox regression model with time-dependent covariates showed that relative risk for baseline height on mortality increased as the population aged. Comparison of genotypes of a longevity-associated single nucleotide polymorphism in FOXO3 showed that the longevity allele was inversely associated with height. This finding was consistent with prior findings in model organisms of aging. Height was also positively associated with fasting blood insulin level, a risk factor for mortality. Regression analysis of fasting insulin level (mIU/L) on height (cm) adjusting for the age both data were collected yielded a regression coefficient of 0.26 (95% CI 0.10–0.42; P = 0.001).
The more of you there is, the more of you there is to age.
But there’s another possibility involving internal temperature–since internal body temperature requires calories to maintain, people who “run hot” (that is, are naturally warmer) may burn more calories and tend to be thinner than people who tend to run cool, who may burn fewer calories and thus tend to weigh more. Eg, low body temperature linked to obesity in new study:
A new study has found that obese people (BMI >30) have lower body temperature during the day than normal weight people. The obese people had an average body temperature that was .63 degrees F cooler than normal weight people. The researchers calculated that this lower body temperature—which reflects a lower metabolic rate—would result in a body fat accumulation of approximately 160 grams per month, or four to five pounds a year, enough for the creeping weight gain many people experience.
There’s an interesting discussion in the link on thyroid issues that cause people to run cold and thus gain weight, and how some people lose weight with thyroid treatment.
On the other hand, this study found the opposite, and maybe the whole thing just washes out to women and men having different internal temperatures?
Obese people are–according to one study–more likely to suffer mood or mental disorders, which could also be triggered by an underlying health problem. They also suffer faster functional decline in old age:
Women had a higher prevalence of reported functional decline than men at the upper range of BMI categories (31.4% vs 14.3% for BMI > or =40). Women (odds ratio (OR) = 2.61, 95% confidence interval (CI) = 1.39-4.95) and men (OR = 3.32, 95% CI = 1.29-8.46) exhibited increased risk for any functional decline at BMI of 35 or greater. Weight loss of 10 pounds and weight gain of 20 pounds were also risk factors for any functional decline.
Note that gaining weight and losing weight were also related to decline, probably due to health problems that caused the weight fluctuations in the first place.
Of course, general physical decline and mental decline go hand-in-hand. Whether obesity causes declining health, declining health causes obesity, or some underlying third factor, like biological aging underlies both, I don’t know.
Anyway, I know this thought is a bit disjointed; it’s mostly just food for thought.
Society itself is a thermodynamic system for entropy dissipation. Energy goes in–in the form of food and, recently, fuels like oil–and children and buildings come out.
Government is simply the entire power structure of a region–from the President to your dad, from bandits to your boss. But when people say, “government,” they typically mean the official one written down in laws that lives in white buildings in Washington, DC.
When the “government” makes laws that try to change the natural flow of energy or information through society, society responds by routing around the law, just as water flows around a boulder that falls in a stream.
The ban on trade with Britain and France in the early 1800s, for example, did not actually stop people from trading with Britain and France–trade just became re-routed through smuggling operations. It took a great deal of energy–in the form of navies–to suppress piracy and smuggling in the Gulf and Caribbean–chiefly by executing pirates and imprisoning smugglers.
When the government decided that companies couldn’t use IQ tests in hiring anymore (because IQ tests have a “disparate impact” on minorities because black people tend to score worse, on average, than whites,) in Griggs vs. Duke Power, they didn’t start hiring more black folks. They just started using college degrees as a proxy for intelligence, contributing to the soul-crushing debt and degree inflation young people know and love today.
Similarly, when the government tried to stop companies from asking about applicants’ criminal histories–again, because the results were disproportionately bad for minorities–companies didn’t start hiring more blacks. Since not hiring criminals is important to companies, HR departments turned to the next best metric: race. These laws ironically led to fewer blacks being hired, not more.
Where the government has tried to protect the poor by passing tenant’s rights laws, we actually see the opposite: poorer tenants are harmed. By making it harder to evict tenants, the government makes landlords reluctant to take on high-risk (ie, poor) tenants.
The passage of various anti-discrimination and subsidized housing laws (as well as the repeal of various discriminatory laws throughout the mid-20th century) lead to the growth of urban ghettos, which in turn triggered the crime wave of the 70s, 80s, and 90s.
Crime and urban decay have made inner cities–some of the most valuable real estate in the country–nigh unlivable, resulting in the “flight” of millions of residents and the collective loss of millions of dollars due to plummeting home values.
Work-arounds are not cheap. They are less efficient–and thus more expensive–than the previous, banned system.
Smuggled goods cost more than legally traded goods due to the personal risks smugglers must take. If companies can’t tell who is and isn’t a criminal, the cost of avoiding criminals becomes turning down good employees just because they happen to be black. If companies can’t directly test intelligence, the cost becomes a massive increase in the amount of money being spent on accreditation and devaluation of the signaling power of a degree.
We have dug up literally billions of dollars worth of concentrated sunlight in the form of fossil fuels in order to rebuild our nation’s infrastructure in order to work around the criminal blights in the centers of our cities, condemning workers to hour-long commutes and paying inflated prices for homes in neighborhoods with “good schools.”
Note: this is not an argument against laws. Some laws increase efficiency. Some laws make life better.
This is a reminder that everything is subject to thermodynamics. Nothing is free.
This is Part Three of a series on how incentives affect the distribution of energy/resources throughout a society and the destructive effects of social systems like communism. (Part One and Part Two are here)
But before we criticize these programs too much, let’s understand where they came from:
The Industrial Revolution, which began around 1760 in Britain, created mass economic and social dislocation as millions of workers were forced off their farms and flooded into the cities.
The booms and busts of the unregulated (and regulated) industrial economy caused sudden, unpredictable unemployment and, without a social safety net of some kind, starvation. This suffering unleashed Marxism, which soon transformed into an anti-capitalist, anti-Western ideology and tore across the planet, demolishing regimes and killing millions of people.
Reason.com attributes 94 million deaths to communism. The Black Book of Communism places the total between 85 and 100 million people. Historian on the Warpath totals almost 150 million people killed or murdered by communist governments, not including war deaths. (Wikipedia estimates that WWII killed, between battle deaths in Europe and the Pacific, disease, starvation, and genocide, 50-80 million people–and there were communists involved in WWII, also.)
The US and Europe, while not explicitly communist, have adopted many of socialism’s suggestions: Social Security, Welfare, Medicaid, etc., many in direct response to the Great Depression.
These solutions are, at best, a stop-gap measures to deal with the massive changes new technologies are still causing. Remember, humans were hunter-gatherers for 190,000 years. We had a long time to get used to being hunter gatherers. 10,000 years ago, a few of us started farming, and developed whole new cultures. A mere 200 years ago, the Industrial Revolution began spreading through Europe. Today, the “post industrial information economy” (or “robot economy,” as I call it,) is upon us, and we have barely even begun to adapt.
We are in an age that is–out of our 200,000 years of existence–entirely novel and the speed of change is increasing. We have not yet figured out how to cope, how to structure society for the long-term so that we don’t accidentally break it.
We have gotten very good, however, at creative accounting to make it look like we are producing more than we are.
By the mid-1950s, the Industrial Revolution had brought levels of prosperity never before seen in human history to the US (and soon to Europe, Japan, Korea, etc.) But since the ’70s, things seem to have gone off-track.
People fault outsourcing and trade for the death of the great American job market, but technical progress and automation also deserve much of the blame. As the Daily Caller reports:
McDonald’s has announced plans to roll out automated kiosks and mobile pay options at all of its U.S. locations, raising questions about the future of its 1.5 million employees in the country and around the globe.
Roughly 500 restaurants in Florida, New York and California now have the automated ordering stations, and restaurants in Chicago, Boston, San Francisco, Seattle and Washington, D.C., will be outfitted in 2017, according to CNNMoney.
The locations that are seeing the first automated kiosks closely correlate with the fight for a $15 minimum wage. Gov. Andrew Cuomo signed into law a new $15 minimum wage for New York state in 2016, and the University of California has proposed to pay its low-wage employees $15.
There is an obvious trade-off between robots and employees: where wages are low enough, there is little incentive to invest capital in developing and purchasing robots. Where wages are high, there is more incentive to build robots.
The Robot Economy will continue to replace low-skilled, low-wage jobs blue collar workers and young people used to do. No longer will teenagers get summer jobs at McDonald’s. Many if not most of these workers are simply extraneous in the modern economy and cannot be “retrained” to do more information-dependent work. The expansion of the Welfare State, education (also paid for with tax dollars,) and make-work administrative positions can keep these displaced workers fed and maybe even “employed” for the foreseeable future, but they are not a long-term solution, and it is obvious that people in such degraded positions, unable to work, often lose the will to keep going.
But people do not appreciate the recommendation that they should just fuck off and die already. That’s how you get communist revolutions in the first place.
Mass immigration of unskilled labor into a market already shrinking due to automation / technological progress is a terrible idea. This is Basic Econ 101: Supply and Demand. If the supply of labor keeps increasing while the demand for labor keeps decreasing, the cost of labor (wages) will plummet. Likewise, corporations quite explicitly state that they want immigrants–including illegal ones–because they can pay them less.
In an economy with more demand than supply for labor, labor can organize (unions) and advocate in behalf of its common interests, demanding a higher share of profits, health insurance, pensions, cigarette breaks, etc. When the supply of labor outstrips demand, labor cannot advocate on its own behalf, because any uppity worker can simply be replaced by some desperate, unemployed person willing to work for less and not make a fuss.
Note two professions in the US that are essentially protected by union-like organizations: doctors and lawyers. Both professions require years of expensive training at exclusive schools and high scores on difficult tests. Lawyers must also be members of their local Bar Associations, and doctors must endure residency. These requirements keep out the majority of people who would like to join these professions, and ensure high salaries for most who do.
While Residency sounds abjectly awful, the situation for doctors in Britain and Ireland sounds much worse. Slate Star Codex goes into great detail about the problems:
Many of the junior doctors I worked with in Ireland were working a hundred hours a week. It’s hard to describe what working 100 hours a week is like. Saying “it means you work from 7 AM to 9 PM every day including weekends” doesn’t really cut it. Imagine the hobbies you enjoy and the people you love. Now imagine you can’t spend time on any of them, because you are being yelled at as people die all around you for fourteen hours a day, and when you get home you have just enough time to eat dinner, brush your teeth, possibly pay a bill or two, and curl up in a ball before you have to go do it all again, and your next day off is in two weeks.
And this is the best case scenario, where everything is spaced out nice and even. The junior doctors I knew frequently worked thirty-six hour shifts at a time (the European Court of Human Rights has since declined to fine Ireland for this illegal practice). …
The psychological consequences are predictable: after one year, 55% of junior doctors describe themselves as burned out, 30% meet criteria for moderate depression, and 12% report considering suicide.
A lot of American junior doctors are able to bear this by reminding themselves that it’s only temporary. The worst part, internship, is only one year; junior doctorness as a whole only lasts three or four. After that you become a full doctor and a free agent – probably still pretty stressed, but at least making a lot of money and enjoying a modicum of control over your life.
In Britain, this consolation is denied most junior doctors. Everyone works for the government, and the government has a strict hierarchy of ranks, only the top of which – “consultant” – has anything like the freedom and salary that most American doctors enjoy. It can take ten to twenty years for junior doctors in Britain to become consultants, and some never do.
I don’t know about you, but I really don’t want my doctor to be suicidal.
Now, you may notice that Scott doesn’t live in Ireland anymore, and similarly, many British doctors to take their credentials and move abroad as quickly as possible. The British medical system would be forced to reform if not for the influx of foreign doctors willing to put up with hell in exchange for not living in the third world.
From the outside, many of these systems, from underfunded pensions to British medicine, look just fine. Indeed, an underfunded pension will operate just fine until the day it runs out of money. Until that day, everyone who clams the pension is in deep trouble looks like Chicken Little, running around claiming that the sky is falling.
There’s a saying in finance: The market can stay irrational longer than you can stay solvent.
BTW, the entire state of California is in deep trouble, from budget problems to insane property tax laws. They already consume far more water than they receive, (and are set for massive forest fires,) but vote for increased population via immigration with Mexico. California’s economy is being propped up by–among other things–masses of cash flowing into Silicon Valley. This is Dot.Com Bubble 2.0, and like the first, it will pop–the only question is when. As Reuters reported last February:
LinkedIn Corp’s (LNKD.N) shares closed down 43.6 percent on Friday, wiping out nearly $11 billion of market value, after the social network for professionals shocked Wall Street with a revenue forecast that fell far short of expectations. …
As of Thursday, LinkedIn shares were trading at 50 times forward 12-month earnings, making it one of the most expensive stocks in the tech sector.
Twitter Inc (TWTR.N) trades at 29.5 times forward earnings, Facebook Inc (FB.O) at 33.8 times and Alphabet Inc (GOOGL.O) at 20.9 times.
Even after the selloff, LinkedIn’s shares may still be overvalued, according to Thomson Reuters StarMine data.
LinkedIn should be trading at $71.79, a 30 percent discount to the stock’s Friday’s low, according to StarMine’s Intrinsic Valuation model, which takes analysts’ five-year estimates and models the growth trajectory over a longer period.
“Ebitda” stands for Earnings Before Interest, Tax, Depreciation and Amortisation. There is absolutely no way that LinkedIn, a social network that barely turns a profit, is worth more than Sun, EMC, Compaq, and Time Warner.
Shares normally trade around 20x a company’s previous year’s earnings, though right now the S & P’s P/E ratio is around 25. In 2016, LinkedIn’s P/E ratio has been around 180. (Even crazier, their ratio in 2015 was -1,220, because they lost money.)
Ever wonder where all of that money from QE is going? It’s turning into Ferraris cruising around San Francisco, and LinkedIn is not the only offender.
But these companies will not maintain fantasy valuations forever.
When the deal was announced on Jan. 10, 2000, Stephen M. Case, a co-founder of AOL, said, “This is a historic moment in which new media has truly come of age.” His counterpart at Time Warner, the philosopher chief executive Gerald M. Levin, who was fond of quoting the Bible and Camus, said the Internet had begun to “create unprecedented and instantaneous access to every form of media and to unleash immense possibilities for economic growth, human understanding and creative expression.”
The trail of despair in subsequent years included countless job losses, the decimation of retirement accounts, investigations by the Securities and Exchange Commission and the Justice Department, and countless executive upheavals. Today, the combined values of the companies, which have been separated, is about one-seventh of their worth on the day of the merger.)
So, that was a bit of a long diversion into the sheer artificiality of much of our economy, and how sooner or later, the Piper must be paid.
When I try to talk to liberal friends about the problems of increasing automation and immigration on the incomes of the American working class, their response is that “We just need more regulation.”
In this cheerful fantasy, we can help my friend who cannot afford health insurance by requiring his employer to provide health insurance–when in reality, my friend now cannot find a job that lasts for more than a month because employers just fire him before the health insurance requirement kicks in. In fantasy land, you can protect poor people by making it harder for landlords to evict them, but in the real world, this makes it even harder for the poorest to get long-term housing because no landlord wants to take the chance of getting stuck with them. In fantasy land, immigration doesn’t hurt wages because you can just legislate a higher minimum wage, but the idea that you can legislate a wage that the market does not support is an absurdity worthy only of the USSR. In the real world, your job gets replaced with a robot.
This is not to say that we can’t have some form of welfare or social safety net to deal with the dislocations and difficulties of our new economy. Indeed, some form of social welfare may, in the long run, make the economic system more robust by allowing people to change jobs or weather temporary unemployment without dying. Nor does it mean that any inefficiency is going to break the system. But long-term, using legislation to create a problem and then using more legislation to prevent the market from correcting it increases inefficiency, and you are now spending resources to enforce both laws.
Just like Enron’s “creative accounting,” you cannot keep hiding losses indefinitely.
Or you can have a Japanese or Swedish-style welfare state, but no open borders, (because the system will collapse if you let in just anyone who wants free money [hint: everyone.])
But you cannot just smash two different systems together, heap more laws on top of them to try to prevent the market from responding, and expect it to carry on indefinitely producing the same levels of wealth and well-being as it always has.