Diwali Greetings

Today, November 14th in India, is Diwali, or Deepaval. Diwali is a pretty big deal all across India and even outside India. Here’s what the all-knowing wiki says about this Indian festival (edted):

The five-day long festival originated in the Indian subcontinent and is mentioned in early Sanskrit texts. Diwali is usually celebrated twenty days after the Dashera festival, with Dhanteras, or the regional equivalent, marking the first day of the festival when celebrants prepare by cleaning their homes and making decorations on the floor, such as rangolis. The second day is Naraka Chaturdashi. The third day is the day of Lakshmi Puja and the darkest night of the traditional month. In some parts of India, the day after Lakshmi Puja is marked with the Govardhan Puja and Balipratipada. Some Hindu communities mark the last day as Bhai Dooj or the regional equivalent, which is dedicated to the bond between sister and brother, while other Hindu and Sikh craftsmen communities mark this day as Vishwakarma Puja and observe it by performing maintenance in their work spaces and offering prayers.

Some other faiths in India also celebrate their respective festivals alongside Diwali. The Jains observe their own Diwali which marks the final liberation of Mahavira, the Sikhs celebrate Bandi Chhor Divas to mark the release of Guru Hargobind from a Mughal Empire prison, while Newar Buddhists, unlike other Buddhists, celebrate Diwali by worshipping Lakshmi, while the Hindus of Eastern India and Bangladesh generally celebrate Diwali, by worshipping Goddess Kali. The main day of the festival of Diwali (the day of Lakshmi puja) is an official holiday in Fiji, Guyana, India, Malaysia (except Sarawak), Mauritius, Myanmar, Nepal, Pakistan, Singapore, Sri Lanka, Suriname, and Trinidad and Tobago.

Greetings on Diwali to you and your loved ones.

(From the last year: Happy Dhanteras.)

Finite System, Infinite Cycles

(Click on image to embiggen)

In a recent email exchange, my correspondent wrote, “they say if everyone consumed like the US, we would need 2.5 earths.” That sort of claim is commonly made and readily accepted as true. A June 2015 BBC magazine article titled “How many Earths do we need?” begins with the claim “that if everyone on the planet consumed as much as the average US citizen, four Earths would be needed to sustain them.”[1]

Those types of claims are half-truths, and like most half-truths, they confuse rather than clarify. Fortunately, a little bit of reasoning and checking the facts are sufficient to get closer to the truth.

Earth is an Open System

The undeniable fact is that the earth is finite, which means nothing on earth — soil, water, minerals, etc. — is infinite. But for all practical purposes what we need is virtually infinite. The reason for virtual infinity in a finite earth is that the earth is not a closed system.

If you have some content in a finite box, that content has to be finite too. If you can neither add anything to the box or take anything out of the box, it is a closed system. Conversely if you can add or remove stuff from the box, it’s an open system.

The earth is an open system because it receives energy from the sun. That makes an enormous difference in that it enables material to be recycled. A simple example of that is water. We never “use up” the water we use. Though the amount of water is finite, the amount of rainfall on earth is unbounded because of the hydrological cycle: the sun’s energy continually evaporates water into the atmosphere and that falls back to earth as rain. This cycle has been going on for billions of years and will continue for the indefinite future. We cannot “use” up the limited water because it gets naturally recycled. Continue reading “Finite System, Infinite Cycles”

An Auction of Stolen Goods

In an essay titled “Sham Battle” published in October 1936 in the Baltimore Evening Sun, H. L. Mencken enunciated a truth that is one of the core axioms of public choice theory. That axiom is the homely truth that politicians are people just like the rest of us. Homely truths, as Mark Twain recognized, are unpalatable. But they are true nonetheless.

People are motivated by their self-interest in their private lives. That is not to say that they are narrowly selfish but rather that they do what they believe to be in their interest, whatever those interests may be — including altruism if that is what interests them.

Homely truths endure. In 1936 Mencken wrote, “The state—or, to make the matter more concrete, the government—consists of a gang of men exactly like you and me.”

James Buchanan and Gordon Tullock developed public choice theory (PCT) in the 1960s. One of the assumptions of PCT is of behavioral symmetry: people behave the same way in their public capacity as they do in their private capacity. The person in the marketplace is the same person in the voting booth. A person is not transformed from a self-interested being with imperfect knowledge, foresight and morality in his private capacity into an other-directed being with perfect knowledge, foresight and goodwil in his public role as a politician, bureaucrat or a voter. By being elected or appointed to a public office, a person does not magically get endowed with the ability to know “the public good” and pursue that diligently. In other words, politicians are just like the rest of us. Don’t expect them to be better than you’d expect people to be. Continue reading “An Auction of Stolen Goods”

On Servitude

To me it appears to be true that servitude of the masses have to be largely voluntary because the serfs always outnumber the masters. Two quotes on servitude follow but first a bonus quote from Ayn Rand.

“A society that robs an individual of the product of his effort, or enslaves him, or attempts to limit the freedom of his mind, or compels him to act against his own rational judgment … is not, strictly speaking, a society, but a mob held together by institutionalized gang-rule.”

Continue reading “On Servitude”

A Sensible anti-Covid Strategy

It feels like forever but it’s been less than nine months since this Covid-19 became a pandemic. And it also seems that it will go on forever. However, the news about the disease is good but the news about the policy response is bad. In an article, Dr Jayanta Bhattacharya writes:

“U.N. has estimated that 130 million additional people will starve this year as a result of the economic damage resulting from the lockdowns.

“In the last 20 years we’ve lifted one billion people worldwide out of poverty. This year we are reversing that progress to the extent—it bears repeating—that an estimated 130 million more people will starve.”

Death through starvation must be terrible. Note that the disease will eventually kill two orders of magnitude fewer people than the lockdown policy that governments imposed. As is always the case, governments are the biggest killers. No natural disaster can compete with the government in wholesale killing. The most astonishing sad fact is that people give their governments the power to kill them. It’s suicidal.

Go read Dr Bhattacharya’s article.

US Presidential Elections

Even though it is just a couple of days to the US elections, it is still uncertain whether Trump will keep his job come January 2021. The opinion polls favor Biden but they can be wrong, since it is a closely contested race. I hope Biden loses, and I hope Trump wins because that would be better for the US and better for the world.

There are a couple of things I find remarkable about US elections. First, the date of practically all elections is fixed and therefore predictable. Every year, all elections at all levels of government — city, county, state and federal — are held on the Tuesday following the first Monday of November. If the first Monday of November falls on the 1st, then election is on Nov 2nd — the earliest possible date; and the lastest possible date will be Nov 8th. That happens every year, and every four years, it is a presidential election year. That too is totally predictable.

The second remarkable fact relates to the election of a US president. The US president is not elected through a popular vote. Voters don’t actually directly vote for a presidential candidate. The voters in each state determine through their popular vote what the state’s “electors” would do when they go to Washington DC in December. These electors form the electoral college. Here’s a bit from the Wiki on the US electoral college: Continue reading “US Presidential Elections”

Once in a Blue Moon

Lots of stuff happening on (and around) the same day.

Sharad Purnima

Today it’s Sharad Purnima, a Hindu tradition. It is a harvest festival that is celebrated on the full moon day of the lunar month of Ashvin. It’s also called Kojagiri Purnima. It’s the birthday of Devi Lakshmi, and she is worshipped on this day. Also worshipped are Indra, and Shiva and Parvati. Lots of worshipping going on among Hindus.

Jack-o’-lantern (Click to embiggen)

Today it’s Halloween, a Christian tradition. The all-knowing Wiki says, “Halloween is the evening before the Christian holy days of All Hallows’ Day on 1 November and All Souls’ Day on 2 November, thus giving the holiday on 31 October the full name of All Hallows’ Eve (meaning the evening before All Hallows’ Day). … These three days are collectively called Allhallowtide and are a time for honoring the saints and praying for the recently departed souls who have yet to reach Heaven.”

Today we will also have a blue moon. And talking of time, today is the last day of Daylight Saving Time. Tomorrow morning at 2 AM, the clock will be set back to 1 AM. That will bring us back to Standard Time. I think this shifting of clocks business is insanely stupid. It makes no sense to keep shifting between DST and ST. Just stop this crap, people. Continue reading “Once in a Blue Moon”

Raga Durga

Today it’s Maha Ashtami in India, two days before Vijay Dashami, the final day of Durga Puja. I like to listen to some Indian classical vocals based on Raga Durga. Here are two. The first is by Ustad Ghulam Mustafa Khan, and the second by everyone’s favorite Veenatai (Veena Sahasrabuddhe).

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Indian classical vocals are out of this world. Listen.

A Bit about Trade

Economists are uniquely qualified in their understanding of one particular aspect of human activity, and that activity is unique to humans. No other animal trades, or exchanges, among its kind. Adam Smith wrote that “the propensity to truck, barter and exchange one thing for another is common to all men, and to be found in no other race of animals.” And no other discipline focuses on trade as much as economics does. Indeed, the most parsimonious description of economics is that it is the systematic study of trade, and trade-offs.

The story of human civilization can be told as a tale of ever-expanding scale and scope of exchanges. Foraging tribes of the distant past produced very little of what they consumed. They lived in groups of 100 to 150 people, and subsisted on whatever they could hunt and gather. What little exchange they did was limited to one’s kin and neighbors, and did not extend to strangers. Continue reading “A Bit about Trade”

This Policy, Alone – Part 7

In school I learned the basics of reading, writing and arithmetic reasonably well. That may be partly due to competent teachers, a stable family and school environment, and my being somewhat diligent. However, I am convinced that I would have learned a whole lot more if I had had access to the enormous number of excellent teachers and the virtually infinite amount of content on every conceivable subject we have available today: not in person but over the internet.

Though I am not very good at it, I like mathematics a lot. Over the years, I was required to learn some bits. In my undergraduate engineering classes, I learned the calculus and some linear algebra but nothing to write home about. Then while studying computer science, I learned an entirely different area of mathematics: discrete maths, particularly combinatorics. Then for my post-graduate work in economics, I got to learn a lot more of the calculus, and some statistics (because of econometrics, a subject that I hate with uncharacteristic passion) and probability theory. Continue reading “This Policy, Alone – Part 7”