The president of El Salvador is playing a dangerous game

El Salvador became internet famous about a year ago first when President Bukele declared that they would be the world’s first country with Bitcoin as a legal tender and second when their president began having his government buy Bitcoin as a “sovereign wealth fund.”  But flirtations with the Bitcoin ponzi are not even El Salvador’s biggest problem.  El Salvador owes billions of dollars in sovereign debt, and due to a large government deficit and little hope of improving economic conditions, the debt is currently at junk status.  The status of debt is basically how people express the risk of the debt not being paid back in full, and for El Salvador that risk is very high.  The money markets that have lent money to El Salvador believe it to be somewhat likely that El Salvador will default on its debt, leaving them with either nothing or less than the full amount that they lent, and because of that the debt is considered to be junk status.

What is a default?  A default is basically where a country declares it won’t pay back its debt.  It may be a partial default (we won’t pay back specific bonds) or a “haircut” (we’ll pay back only a certain percentage of what we owe) or a total default (we won’t pay back anything).  But a default leaves the lenders with less than the face value of the debt they lent to the country, and it in turn makes other lenders way less likely to lend money to that country.  Think about it, if you lend a buddy 100$ and he never pays you back, will you lend him another 100$ next time?

Now even junk debt isn’t worthless.  It may be *likely* that El Salvador defaults but it is not *certain*.  So if you hold an IOU from El Salvador, you can still try to make money off of it.  Let’s say you own El Salvador government debt worth 100$.  You think it unlikely that you’ll get back the full 100$ but someone else will buy the debt from you for 20$.  You’re taking a loss by selling the debt instead of waiting for El Salvador to pay up, but the 20$ they will give you is more than the 0$ you think El Salvador will give you, so you go ahead and sell it.  This sort of debt market happens all the time as institutions sell and buy debt based on their expectations of how likely the debt is to be paid back.  As economic conditions improve, the likelihood of being paid back increases and the price of the debt can rise, while worsening economic conditions would make it fall.

The problem is that President Bukele saw this debt market, and he hatched a scheme.  The debt markets think that El Salvador is unlikely to pay back its debt, and so 100$ of debt can be bought for 20$.  Well, thought the president, what if El Salvador just buys back the debt itself?  Now we can wipe away 100$ of debt for just 20$, genius!  Except not really, the debt is trading cheaply on the expectation that it won’t be paid back in full.  Buying it at this discount is an admittance that El Salvador won’t pay it back in full, they won’t pay back 100$ for 100$ worth of debt, they’ll pay back 20$.  In some ways that is a de facto default, and in the future when El Salvador wants to take out a loan (and remember they need loans to cover their deficit), banks will be very leery of giving a loan to a country that basically entered a partial default.  Secondly, President Bukele announced this scheme on twitter, and with this public announcement the price of El Salvador’s debt went way way up.  Obviously a lot of people holding El Salvador’s debt expected to get nothing, so with the public announcement of a buyback they now expect to get something and will raise their prices accordingly.  If the president thought he could buy back all the debt on the cheap, he’s very likely to be mistaken.

I don’t know who advises the president of El Salvador, but it seems like he does financial policy without much understanding of the effects.  By the way, this entire article is written using dollar denomination because El Salvador’s debt is denominated in dollars and dollars are an official currency (alongside Bitcoin). It’s probably one of the reasons El Salvador doesn’t have many economic levers to pull, they don’t control their own money supply.

I don’t think people understand stocks or what gives stocks value, and I think that’s why some people fall headlong into Bitcoin

Let me get one thing clear: Bitcoin is a ponzi scheme and Bitcoin “exchanges” are rugpulls waiting to happen.  There is no value in Bitcoin as an asset; anything it can do, everything else can do better.  But it’s clear that Bitcoin has a hold on people and I’ve seen many try to defend Bitcoin by comparing it to stocks.  Once you accept that Bitcoin is terrible and has no use cases, the only thing left is to claim that everything else in the world is even worse.  I’ve seen the argument made that the stock market is a legalized ponzi scheme taking money from individuals and giving it to corporations, but that argument clearly comes from a place of ignorance. Stocks are a legitimate investment vehicle, unlike Bitcoin, and I’d like to explain why.

First, why does a stock have value at all?  Two big reasons cited are ownership and dividends.  When you own a stock, you have real *ownership* of a small percentage of the company with all the property rights that come with that.  In a very real sense the stockholders can plutocratically vote (plutocracy in this case means 1 share = 1 vote) on the direction of the company. The stockholders have a sort of representative plutocracy in which they vote for the Board of Directors, who then act as the stockholders’ representatives guiding the direction of the company through their chosen CEO.  In 2021 for example, ExxonMobil stockholders led by a group called “Engine No 1” fought to make ExxonMobil commit to new environmental standards and a sustainable energy future.  There have also been cases in which stockholders such as private equity will put up a proposal to replace the board of directors and management staff with someone else in order to turn around the company and bring it back into profitability.  All these things are possible only if you can get the stockholders to agree, and this is the value that owning a share of stock has.

Another reason shares of stock have value is dividends, and here ownership comes into play as well.  If a plutocratic majority of the stockholders want it, they can demand that the company give them more and more of the company’s money in the form of dividends.  The value of the stock therefore is the value of all future dividends, divided by the uncertainty the company will stay in business, multiplied by the fact that money now is better than money later.  Say I hold a corporate stock that gives a yearly 1$ in dividend. I think the dividend is stable, so I expect to receive 1$ per year every year.  So the price of the stock is infinity because I expect to receive infinity dollars?  Well no because there is market uncertainty, I could be wrong about the company for instance, and it goes bankrupt next year. Or the market could change in ways I can’t predict and the company goes bankrupt, there’s no certainty about how long this company will stay in business.  Also, money now is always worth more than money later (even if inflation is zero, I’ll talk about that some time), so the dollars I expect to get 10 or 20 years from now are worth less than and less then the dollar I will get this year.  And so despite seeming infinite, the stock value can converge to a finite amount because there’s no guarantee I get all those future dividends. And of course different people can value a stock more or less based on their own personal appetite for risk.

So the value of a stock is based on real value.  A company has value just as much as say a factory does.  People want to buy the things that come out of it, so owning it gives you something that makes money and therefore has value.  Likewise a company gives money back to its stockholders in the form of dividends.  Now there are many reasons a company would want to give dividends, and likewise reasons stockholders would be OK with not having dividends, but going back to shares being ownership, remember that the shareholders can always demand the company give them dividends if there is a plutocratic majority in favor of it.  So dividends are demanded by the stockholders, given by the company, and the value of all future dividends plus the value of owning a part of the company itself is what gives a stock value for a stockholder.

Bitcoin does not have this value.  There is no dividend, there is no underlying thing of value that you “own” when you own a Bitcoin.  All Bitcoin has is the greater fool theory, the idea that somehow you’ll find someone to buy your Bitcoin for more than what you bought it for.  Greater fool theory isn’t unique to Bitcoin, and at least some percentage of stock market daytraders are only buying in order to sell to a greater fool, but as I said stocks have more than greater fool theory underpinning their value.  Bitcoin only has greater fools, and that’s what makes it a ponzi scheme.

Random thoughts about Dyson Sphere Program

So Dyson Sphere Program (DSP for short) is a video game I’ve put way too much time into, and I decided to write down some random thoughts I had on it

I now know why Factorio was helped by having biters: they give you something to do and work on.  I spend a lot of time in DSP just waiting for the next research to finish. I had nothing to lose but time, and no idea of what to do next. Biters in Factorio at least gave you a goal and a thing to work on whenever you were stuck. “I don’t know what to do, well the biters to the west are giving me trouble, I’ll reinforce the defenses or destroy the nests, maybe both.”

It feels like there’s too much research and also it’s a mistake to let you queue it all immediately.  I end up researching a lot of things that I don’t know what they do or why they help. I just queue up everything I can currently research and I end up wondering what the hell any of it did because I wasn’t really thinking about my decisions. The research queue is a QOL feature, but its absence does at least force the player to kind of go back to the tech tree and glance over the techs every few minutes instead of every few hours.

Also I think the research tree could use some UI help.  There are certain techs that require other techs… but those techs don’t directly precede them.  If I MUST research Tech A before Tech B, then Tech A should be linked to Tech B and immediately precede it.  OR AT LEAST if I click on Tech B because I want to research it, then Tech A should get queued automatically before Tech B.  As it stands I found myself wanting to research certain techs and having to hunt around the tech tree to find the required pre-reqs (logistics/interplanetary logistics were where I had the most trouble)

Other times I research a tech only to find that although I can craft New Item B, that item relies on Other Item A which I do NOT have the tech for.  So again I have to hunt through the tech tree to find Other Item A so I can finally craft New Item B like I wanted to.  Again, if B requires A then A should immediately precede B and I shouldn’t be allowed to research B until I have A.

I feel like this game doesn’t really ramp up in scope and scale as much as Factorio did, and because of this I found myself not really needing or caring to expand all that much.  After making an initial spaghetti base I moved on the starting planet to two new spots to set up research lines, and that basically carried me through half or more of the tech tree.  My starting resources never/barely ran out and I didn’t need to go to new planets for more iron or copper, just for the titanium and silicon that didn’t spawn on my starting planet.  Having certain resources only spawn on specific planets is certainly one way to incentivize moving off-world, but I’d also like it more if higher levels of science required massively increased amounts of resources, forcing you to colonize more and more planets to meet the resource requirements much like how Factorio forces you to expand further and further outwards to meet the higher requirements for Blue/Purple/Yellow science.

Blueprints were the opposite of intuitive.  I understood Factorio blueprints pretty quickly, but I could not possibly figure out how to create a blueprint here without going online.

I really like the multiple levels for transport belts, really makes the spaghetti come alive and does at least mitigate my disappointment in not having double sided belts like Factorio. Double sided belts were where you could create a T-intersection with belts with say Iron Gears from the left and Green Circuits from the right, and the result would be a belt with Gears on its left half and Circuits on its right half. DSP doesn’t have that, but at least with multiple layers of belts all on top of each other it isn’t *too* much trouble to get everything where I want it, possibly even easier.

Having liquids exist as little cubes on belts took some getting used to, but since pipes in Factorio were always a little opaque and had strange fail conditions, I really like this system

Why does every single planet have coal?  Is it just to give a player something to mine for energy when they first land on a planet, to make sure they can always get the energy to get back home?  Because coal being dead plant matter on earth makes it seem like ALL these planets were once life-bearing.

First Past the Post vs Proportional Representation

This one’s going to be controversial so I’ll post it while my blog is still small

One thing I’ve read a lot of is the differences between First Past the Post (FPTP) voting and Proportional Representation (PR) voting. Among most places that debate this PR is seen as infinitely better than FPTP with zero downsides. I’m lukewarm towards both, but for the sake of contrarianism I’d like to discuss one of the few benefits of FPTP.

First of all what are these? FPTP is the voting system in America and most of Britain. Each election has some number of candidates, whichever candidate gets more votes than the others wins. Importantly, simple FPTP does not require a candidate to get the *majority* of all votes cast, they only have to get more than any other individual candidate (what’s called a plurality). In the 1992 election, Bill Clinton did not get a majority in almost any state. Take Ohio, for instance where he only won 40% of the vote, but this was enough to win because George HW Bush got 38% and Ross Perot 20%.

In PR however, this is different. A very abridged version of the German system is that in 2021 the SPD of Germany got about 25% of all the votes, and therefore got 25% of all the seats in Parliament. How very proportional.

Now, naturally PR doesn’t make much sense when electing a single entity. In the 1992 election we couldn’t have a result where Bill Clinton got 40% of the presidency, George HW Bush got 38% and Ross Perot got 20%, that just doesn’t make sense for a singular position. But this is also why people think we should be parliamentary instead of presidential so whatevs. Instead I’d like to point towards the one benefit of FPTP that I think is underappreciated and deserves mention, and that’s the ability to Vote the Bastards Out.

Vote the Bastards Out is something I would define as when a single candidate is so terrible that they themselves are the object of the voters’ disdain, more-so than their party. In this case while the voters might not object to a substitute candidate from the same party, they would very much object to this particular candidate. In this case the voters can express their disagreement by voting against the candidate this election, but in the next election they can still show their preference for the candidate’s party by voting for a replacement candidate. This is important I feel because in PR systems I’ve seen, the candidates who go to parliament are controlled by the party themselves. Don’t like this particular candidate? Tough, they’re top of the list and will get in so long as the national party meets its threshold.  This allows for a system where party politics can insulate high ranking members from voters’ disdain.

If party politics can insulate members from the voters in this way, then the voters’ choices can become constrained.  They may prefer to vote for a certain party due to sharing values, but not want to reward the Bastard who is a high ranking member of that party and will be first on the list to get a seat in parliament.  If time after time the Bastard remains at the top of the list, then time after time the voters face this choice between their values and their personal disdain.  With FPTP this choice hopefully only comes up once, once the Bastard is voted out they resign in disgrace.  With PR, as long as the Bastard is a high ranking member who will retain their seat, then this choice keeps coming up again and again, there is no way for voters to punish only the Bastard without also punishing the party as a whole.

That’s overall my feeling, I don’t want party politics to be able to insulate any candidate from the voters.  I think every candidate should be personally responsible to the voters as much as possible rather than being able to ride in on a party wave.  Now of course in FPTP in America there is strong party ideology, many people will vote for a party regardless of candidate.  But I think recent elections have shown that there is still an amount of candidate preference.  The best example I can think of is the 2016 election in which Donald Trump received less votes than Hillary Clinton (Trump  63 million, Clinton 66 million), meanwhile GOP House members received more votes than Democratic house members (GOP: 63 million, Democrats 62 million).  Donald Trump was clearly seen as the Bastard in that election and the amount of voters who voted Hillary but did not vote for a Democratic congressman seems to prove that.  It was only because of ANOTHER vulgarity of American elections (the Electoral College) that Trump squeaked by, he should not have won based on the popular vote.  However if the American electorate had gotten a true FPTP result they would have had President Hillary and a GOP house of representatives.  But if America had a parliamentary PR system, in which the executive is chosen by the legislature, then we would have had a GOP majority in the House and they could have chosen Trump as their Prime minister even though he was toxic to the electorate.

Now we got Trump anyway, but that was the fault of the Electoral college.  I would much rather have a national popular vote based on FPTP, and I don’t think PR is the antidote to this that advocates think it is.

Post 8

Quick one today as I’m tired and what not, but I’m hoping to have a site design up soon. I say “design” and not “redesign” because this site is so far using the default WordPress blog design which is apparently white text on black background dark mode. Not sure why that is but whatever. In the future I’m hoping to put up little updates of the other things I try to get done in a week, be they scientific or artistic, and hopefully those updates can go in logical places so I can find them more easily in the future.

Otherwise I’m just going to put down what I have been thinking of in my head and hope to write about in the future:

  • how some areas of real life are trying to be replaced with zoom and it isn’t always working
  • how seriously are people taking the monkeypox epidemic?
  • how would or could one make a game to teach proteomics, or really any science?
  • proportional representation vs first past the post voting

I hope to get those ideas out of my head and onto paper (or the internet in this case) soon.

Post 7

I’d like to start with a chat about stories.

Say I told you a story and it started out like this: “there once was a great man called America.  He had 13 sons and together they fought against tyranny.”  Obviously this is an anthropomorphic mythology of the American Revolution, right?  The nation of America and its 13 colonies/states become actual people in a dramatic tale.  Now here’s a different story: “there was a great man called America, and with his 50 children he settled the length and breadth of this land.”  Well this is an anthropomorphic mythology of a more *modern* America.  There’s 50 states instead of 13, and they don’t need to fight the British anymore.  But how about this one: “America and his 24 children quarreled frequently among themselves.”  What is “24” in relation to?  Well in 1821 Missouri became the 24th state, and it wasn’t until 1836 that Arkansas became the 25th.  Us modern folk don’t really think about America as having 24 states, but for 15 years in the 19th century that was the case.

If you lived in 1830 and were going to write an anthropomorphic mythology of the United States, it might make sense for you to give America 24 children.  You would probably characterize America and the states in an 1830s way.  New York and Pennsylvania, the richest and by far the largest states, might be America’s two eldest sons, with large and wealthy families.  An unpopulated state like Illinois would be one of America’s youngest children, who lives far away on the very edges of the frontier.  This kind of arrangement seems strange to a modern, but makes perfect sense when you consider that that was the reality of the 1830 world.

Now this story is kind of pointless but it illustrates how many stories in the bible appear to work.  Too often I see a simplistic dichotomy of how people see the bible: either it is literal truth (though some may acquiesce to saying it is embellished) or it is a book full of lies with zero academic or historical value.  I don’t think the bible is literally true, and I do know that many of its narratives are historically false, but in saying that there is a lot that can be learned historically by the stories written in the bible *even the stories that are false*.  

The story of Jacob and his son Joseph is the best example of this.  The story itself is impossible and archeologically unfounded, however it gives us important historical clues not towards any “real” Jacob and Joseph, but into the worldview of the story’s writers.  To refresh your memory, Jacob (aka Israel) is a shepherd with 12 sons: Judah, Levi, Benjamin, Joseph, etc.  Joseph is his favorite/best son who can do all manner of awesome things to save himself and his family.  An observant reader can page ahead to later parts of the Old Testament and see that the names of Jacob’s children are the names of the 12 tribes of Israel.  So “Levi” is the ancestor of the tribe of Levites, “Judah” is the ancestor of the tribe of Judah and so on.

You can see the connections with the America story from above.  A father (America/Israel) and his sons (13 states, 12 tribes) can be used as mythological antecedents for the political realities of the day.  And it seems that the Jacob story was in fact used to “explain” some of the historical realities of the day.  On Jacob’s deathbed, he praises Judah over all the other brothers, hinting at how the tribe of Judah would gain supremacy during the monarchic period.  It seems clear that the author(s) of the Jacob/Joseph story seemed to be using it to explain or justify the author’s “modern” time period.  The 12 tribes of Israel should all be united because they were originally the 12 sons of Jacob.  And the wisdom of Joseph and Judah are used to justify the ruling families of the northern and southern kingdoms of Israel and Judah, who claimed descendence from these two.

Now I use this example mostly because I think it’s neat but also because it’s something I look out for when reading works set in an author’s past.  How the author thinks of the past is usually colored by their own present in ways that may not be obvious.  I’d love to hear if anyone else has examples of this.

Post 6

So all the previous posts were written during a single long plane ride. What am I going to write about now?

I’m always somewhat interested in how many elements of ancient languages can be seen retained by modern ones. The ancient Near East god Mot was the god of Death, and his name is strikingly similar to the modern Arabic word موت (mowt) meaning death. The words Jesus said on the cross (eli eli lama sabachthani) are conjugated much in the way that modern Arabic is as well. If “el” means god then “eli” means my god, and any modern Arabic speaker would understand if even if they would use a different noun for god. I learned to say lematha for “why” but lama seems recognizable as لما which would also mean why, and sabachthani is conjugated just as a modern word would be, except with a “tha” instead of a “ta”.

It’s somewhat striking to be able to find little bits and pieces of old languages that are still legible in this way, and it shows us just how much languages stay the same even if they change. Perhaps it’s also interesting to me because as a native English speaker I feel like we’re used to thinking about our language as being very very “new.” The “English” of Beowulf seems almost unrecognizable to a modern and bored schoolchildren still struggle with Shakespeare. Yet occasionally some ancient bits of Latin, German or French can be seen to contain a word or two which is recognizable due to its English descendant.

It’s an idea I’ve toyed with but don’t have any data for: is it measurable how fast languages changed in the past and are changing today? Has English changed particularly quickly in the last millennium, or are we English speakers just filled with exceptionalism? And if it did change faster than other languages, has that change slowed due to global English? Or has it sped up? I would hazard a guess that all languages have slowed their rate of change since the invention of movable type and later the radio. Moveable type fossilized many spellings and letter shapes that had before been more fluid. And radio itself probably smoothed out the differences between accents as everyone heard many of the same songs, the same broadcasts, the same speeches no matter where they lived. Likewise the ability to record our speech gives us a link to the past that other generations don’t have, and those influences probably slow the changing of our language even more.

I’d like to know how the rate of change of languages is calculated, and how that rate has changed, and what changes it. When the Greeks conquered the Near East they brought with them a lingua franca that would later be known as “Koine.” Did an influx of Near Eastern speakers cause this language to change faster than if it had stayed in Greece? Or did its status as a language for everyone cause it to change more slowly, since everyone had to understand each other?

If anyone knows where I can learn more about this, hit me up.

Post 5

Intrusive thoughts

I often have thoughts about all the shitty things I’ve done during my life. The people I trusted and then betrayed, or the times I’ve made the wrong choices and lost out. At this time in my life in particular I keep being haunted by the thoughts of all my mistakes which led me up to this point, and I find myself cursing the people who in some way helped get me into this mess. I need to remember two things. First: I can’t change the past, and while remembering it is a good guide to not repeating it, focusing on it is unhealthy. Second, I got myself into this just as much as anyone else. I can’t act like I was blameless. As the song goes, though I did not pull the trigger, I built the gun. And eh sometimes I did pull the trigger.

I’m sitting here remembering a lot of times when I made the wrong choice, thinking of how my life would be otherwise, and that’s not healthy. So whenever this happens I instead need to focus my energies into something new and productive, like honing my skills or searching for new opportunities. New opportunities basically means jobs, and I’m working on that. My skills is a harder one, science isn’t something you can practice at home. But I think coding is, and I should take up some coding projects in my free time to at least give me something to look back on as a success story.

So with that in mind here are a few synopses of games I’ve thought about in my head.

Geniuses who are able to build wonder machines out of spare parts are tasked with defeating martian invaders who only they can see. The game would feature a comprehensive “wonder” system where you can specify and build a specific device for a given purpose. A gun perhaps, or an airship, or a cloning machine that creates replicas of your dead soldiers. But every wonder comes with a price, they all have a base fault which can never be removed. The gun may be possessed by a committed pacifist, and its spirit must be placated before it allows itself to be fired. The airship may have an inscrutable control scheme that seems to change every time you fly it,
necessitating that pilots sit and re-familiarize themselves with it before or during each flight. The cloning machine may work on “life for a life” principles, meaning any gain of life must be paid for upfront and in full.

A turn based strategy FPS. America does a bit of nation building in Mexico after our policies and others lead to a civil war their which threatens America’s interests. The new model army is not one of vast bomber formations or miles of tanks, it is one of small strike forces of a handful of troops, using every weapon at their disposal to isolate and eliminate threats with surgical precision. To this end, an experimental unit of marines is given brain implants which allow them to communicate instantaneously with each other across the battlefield and to strategize their moves. Part of this is the BullShit system (I need a name for it) where the player can pause the game and see the locations of all of their and the enemy soldiers within range on the battlefield. The player can then give orders to each of their units in turn which will be executed together once the pause is ended, essentially allowing them to plan a coordinated series of moves from their own and other characters in order to act as a team to take down threats. Several units can provide covering fire as two outflank from either side. One unit can juggle an enemy into the air while another takes to the skies, attaches a grenade to his chest, and throws him down at a separate enemy position. As part of this planning, the player would see what the predicted movements of the enemies would do in response to the early movement that the player queues up. Early game enemies have slow reaction times and can basically be seen to do little in response to the player’s planned movements, making them easy prey to be eliminated according to the player’s plans. Later enemies will in kayfabe have the same skills the player has and be able to react reflexively to whatever strategy the player plans. The player will have to account for an enemy’s reactions, and in some way create a strategy that they can’t escape from like coming at them from multiple angles. The overall gameplay outside of turn based mode should be hectic and action-y, but with a pace that is too fast for twitch reflexes, and will thus encourage the player to use their abilities to plan movements against the enemies in turn based mode.

Post 4

A time capsule, hopefully of the past.

I don’t watch much TV, but occasionally I’ll glance over at a show and see actors or sets in masks. Hopefully those eventually become a time capsule of our age, forgotten about as vaccination rates climb and COVID-19 hospitalizations drop. Shows shot during or set during the 2020s might include masks for COVID, but better vaccinations and drugs should make this unnecessary. COVID-19 is not the first nor will it be the last novel respiratory virus to infect humans, and after every new virus we have and should continue to adapt and overcome to the point that we can live with it “normally.” I don’t foresee a scenario in which any virus could force a permanent change to how humans inhabit our planet. 100 thousand
years ago, novel viruses were springing up in our ancestor’s societies, and yet even without vaccines each new one was overcome. Survivors (of whom most vaccinated people are expected to be) gain immunity to the virus, it’s a sort of truism of immunology that you cannot clear a virus without gaining some form of immunity. Some viruses never clear of course, and hang around in the body waiting for immunity to die off so they can re-emerge. But if a virus is TRULY cleared, and by all accounts COVID is a virus that can be cleared from the body, then it has to be done by the actions of immune system systematically gaining an adaptive advantage over the virus through antibody production, cell-mediated immunity or otherwise. If the immune
system doesn’t gain this advantage, then the virus just continues to multiply and kills the host. And once the immune system gains this advantage, then it should be better equipped to deal with any future infection from the new virus, even mutant forms of it. Viruses mutate all the time, but antibodies and T-cell receptors can also be adapted by the body to these new, mutated forms.

During the pandemic I saw a lot of fears that this virus was going to be so terrible, that some of the following would happen:
People would never become immune even after clearing the virus
Prior infections would not give defense against future infections
Vaccines could never be developed which would give immunity
COVID was going to kill off everyone


The people saying these things didn’t really know it, but for these fears to be true basically all of recorded immunology would have to be false. If you don’t develop immunity than you cannot clear the virus, clearing it is an EFFECT of the gain in immunity. This gain in immunity must by necessity protect against future infections which come from the same viral sero-types. And since COVID shows no evidence of being a latent virus, then vaccines against it must be possible. Finally it would be basically impossible for COVID to kill everyone, in any scenario there would be some people among the 7 billion on earth who by some mutation would be immune to the virus, and even if all the rest of us died off they would continue on.

I think some of this could have been brought on by a sort of doomerism that is probably common among all societies. “Giant Meteor of Death 2016” was something of a meme I recall pushed by people claiming the world was so shit it was better to just end it all. Pretty much every society goes through those feelings, and a global pandemic may have seemed like the realization of exactly those fears that society would or should be destroyed. But that just didn’t happen, and the people claiming that vaccinated folks shouldn’t go out and socialize like it’s 2019, well I kind of view them as essentially anti-vaxxers. For they deny what we all know, that vaccines are safe and effective at protecting from the disease.

Some people don’t realize that immunity isn’t a light switch, it isn’t on and off. It’s a sliding scale and can be modified by many things. Humans have a natural immunity shielding us from many many viruses already, whether through altered proteins that the viruses cannot well attach to or through innate pathways that defend against pathogens. Meanwhile immunity can be weakened by things such as obesity, pregnancy, emotional state, etc. So it isn’t a switch that once you are immune you never get COVID, rather gaining
immunity gives you a much lower chance of catching COVID later, but less chance is never no chance.

Post 3

I’ve often come back to thoughts of fusion power, and I think the excuses brought up by fusion-boosters don’t hold water. The general feeling among futurologists is that fusion power was undone by greedy and short-sighted budget cuts, that if only more money had been given to fusion research we could have had working fusion generators to solve all our energy needs. I think this viewpoints is a bit too “Sid Meier’s Civilization” for my liking. It seems to assume that any technology has a set “cost,” and if you can just spend enough resources you are guaranteed unlock and that technology and gain access to its benefits. This sidesteps the issue of if fusion power is even feasible on earth, or if it were in any way feasible with the 1960s technology in use during Fusion’s early heyday. If America had plowed all of the Apollo-program money into fusion power instead, would it really have just “worked?” Was the metallugy, magnetic control, computer control, and plasma physics advanced enough to allow for the construction of fusion plants? I have my doubts, and I’d like to compare fusion to other 1960s technologies that DID work.

The most unflattering comparison that can be made is to fusion power’s close cousin, fission power. In the 60s fission power plants sprung up and became profitable, with some of these profits being re-invested into their technology, creating better fission power plants which could make more profits, which could be invested in better technology and so on. This is called a “virtuous cycle” and it is key to a technology’s success. Fusion power by contrast never brought in revenue. There was never a point where Energy Out > Energy In. No power could ever be sold to the grid or anyone else, thus fusion research could only be continued on the back of private investments and government grants. But unlike other technologies which relied on similar philanthropy, fusion never had the kind of positive results that could be spun into future funding, it only ever had dreams. There’s a common refrain that “we spent billions on the Apollo missions, we could have spent is on X instead” where X is usually fusion power. But the Apollo wasn’t just a money hole, it had genuine successes which could be used to politically justify its continued investment from the government. The first American in space, the first American in earth orbit, the first space-walk and the first trip around the moon. There were setbacks and deaths, but there were enough successes to make the program politically viable. And even besides the government, there were profitable private ventures into space, with satellites being launched and leased for the transmission of radio and other signals worldwide. These transmissions themselves could bring in revenue which fed the virtuous cycle. Even without a cent of government investment, it is conceivable that a manned moon mission would have been possible off the back of these private enterprise successes. Where were the successes of fusion power? Where was the first power plant which created clean, if perhaps unprofitable power, thus justifying continued investment? Where was the first solenoid or tokamak which was demonstrated to be able to contain 100-million degree plasma for days or weeks or months on end, as would be necessary for a sustained fusion power plant? Every milestone in the history of fusion power was people learning about why they had failed the targets they had set previously. If goals could be set and achieved, then maybe a virtuous cycle could have been created whereby prior successes fuel future investment, but alas it never happened.

The virtuous cycle is key to any technological adaptation. If investment isn’t leading to new revenue, then investment will dry up. And I think this is forgotten by a lot of tech enthusiasts, who would rather believe in conspiracy theories to explain why their favorite technology succeeded or failed. Yes oil and coal companies were threatened by fusion power. They were also threatened by fission power, and by wind power and by solar power. Yet throughout the 20th century none of those technologies utterly failed in the way fusion did. Wind and solar in particular continue to advance at a staggering rate, and more wind and solar power is being added every year. The vast power of oil companies has not managed to kill off
Tesla or Solar Star, even though those technologies were once a far off dream just like fusion. And more to the point a conspiracy among fossil fuel companies to kill off fusion would require them to be the only entities in the world unaffected by the prisoner’s dilemma. If fusion power is a profitable venture, then the first energy company to successfully use it can kill off its rivals and corner the market. Why would greedy coal companies pass up the opportunity to drive all their competitors out of business and make billions or trillions of dollars in profit off of safe, clean energy? The usual explanation is that fusion power would be SO cheap that fossil fuel companies would be unable to make a profit, but that is just economic illiteracy. Energy isn’t expensive because coal is expensive, energy is expensive because the market will willingly pay for it at a high price. If a coal company suddenly switches to fusion power, they can and will continue to charge the same rate because that is the rate the market will pay. And if fusion is clean and cheap, the coal company will pocket the revenue as almost pure profit. They company can lower its prices to gain market share and drive rivals out of business, but companies are profit-maximizing, they won’t willingly lower prices to a point where they’re making less than what they could. Any reduction in energy price would have to be made up for in increased market share, and thus increased gross profit for the coal (now fusion) company. And if it really were that simple, then coal companies all over the world would have switched to fusion power. Trying to make a conspiracy to strangle fusion power in its crib wouldn’t work, because again of the prisoner’s dilemma. The first company to break the conspiracy and create fusion power reaps all of the profits at the others’ expenses. The only way out of the prisoner’s dilemma is for all the coal companies to be perfect altruists who would never harm someone else for personal gain, but the entire history of coal companies proves that to be a lie.

I think if fusion power were possible and profitable, then it would be a great technology for our age, helping a huge number of problems overnight from climate change to the cost of living crisis. But it also seems clear that fusion power isn’t currently possible and that throwing more money at the problem isn’t guaranteed to solve it.