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turtlesdown11

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We’re all in Europe circa 1895 not realizing the behemoth America will become in WWI

The States already had a larger GDP than any European nation by 1870. The news of the time was rife with acknowledgement of the vast potential for growth in the States.

I'd encourage you to educate yourself.

Analysis of previous tariffs have found they cost a ton, drive prices up, and increase corporate profits.

The 2018 Trump washing machine tariff raised prices not just for washers but also dryers (12%), and cost $820,000 per job onshored.

A 2012 chinese tire tariff cost $900,000 per job onshored.

It's terrible business.

https://pubs.aeaweb.org/doi/pdfplus/10.1257/aer.20190611

(The gp's comment is an example of how chatbots hallucinate because they train on the text of people unintentionally hallucinating.)

We're now applying LLM anthromorphism back on people...sigh

Ferrari Luce 2 months ago

They are even terrible at F1, having not one a title since 2008, despite having some of the best drivers racing for them

zero relevance to this discussion (but unsurprising you conflate), and if you don't understand F1 is a marketing exercise that Ferrari wins, I don't know what to tell you

Would you call Rolex an innovative brand

Yes I would, the deep sea dweller was a stroke of genius, as was the Tudor renaissance, they are deeply connected to their customer base and innovate for their customers.

You seem unable to understand that for the market of demand that Ferrari and Rolex seek, they innovate perfectly. They innovate for the pool of customers, not for you or the public. They've been rewarded richly by creating new vehicles that their customers demand.

Again, you've provided zero evidence of your fact-free claims, no need to respond further

maybe learn the markets you're commenting on? also try learning what innovation means, it doesn't mean coming up with an imbecilic vehicle like the cyberdumpster

Ferrari Luce 2 months ago

So the company that earns more per vehicle sold isn't "innovative". How do they command their deliberate high sales prices then? Magic? Why doesn't every car maker have a similar strategy? Why doesn't Porsche, Aston Martin, etc have the same success?

Ferrari is innovative and their brand is vibrant. As evidenced by their extreme success.

If you want to argue in the alternative, try submitting facts or evidence.

Ferrari Luce 2 months ago

Stagnant? Is that why their value has gone up 8x in the last decade? Does the market reward stagnant businesses?

It's very clear you don't follow the market or the auto industry. The fact that Ferrari is the most valuable European carmaker makes it clear they are not "stagnant". A "stagnant" brand wouldn't outvalue Volkswagen, etc.

Again, it's not a fact at all. Spend a few minutes doing basic research. All of this tech is cheaper today than it was in the 80s or 90s, cell phones in the 80s and 90s were thousands of dollars, internet was expensive, as were other electronics.

Items like smartphones are dramatically cheaper than the tech people bought in the 1990s. It replaced your home phone, video camera, answering machine, alarm clock, clock, etc. You are not correct at all, the things that have gone up in price are housing, education, health expenses, etc. Not electronics.

The point is that people are choosing to have fewer children, and it's absolutely not because of the cost of computers or cell phones.

Ferrari Luce 2 months ago

Won't be true this year, and was only true last year if you include intracompany sales for Tesla.

I saw a figure recently that the US issued an all-time-high 800,000 TN visas to Canadians in 2016. And then in 2023 it surged to nearly 1.3 million.

This citation is an order of magnitude off. The US doesn't really track/release visa numbers well, what you're citing might be the number of individual entries using a TN visa - visaholders go back and forth, it's not the total number of visa holders.

DHS estimates 130k Canadian visaholders in country in 2024. https://ohss.dhs.gov/topics/immigration/nonimmigrant/populat...

Canada has 22m workers, so 130k working in the States is nothing like what you're claiming.

their entire economy

Resource extraction is about ~10% of GDP, compared to 3-5% in the US and 1-2% in mainland Europe. Scandanvian countries have comparable resource extraction % of GDP. It's hardly the entire economy. It's also diversified resource extraction, it's not dependent on oil, etc. Your claim is overblown.