The Awesome Science of Chinonomics

Social Capital , simply put, is what makes civilization go . At the neighborhood level, it's what makes you feel at ease with crossing your street to ask your neighbor for that specific wrench you need to tighten that one hinge you're trying to fix. The trust you have in your neighbors --the comfort of knowing your car tires won't be slashed at night or that your house won't be broken into-- allows you to focus on things that are different from security and survival to (hopefully) be more productive. Sure, you can also spend all your time  doomscrolling  and brainrotting , but at least you have the optionality to do something good with that extra time. When it works in harmony, the social contract we tacitly (sometimes expressly) enter into allows us to develop our human capacities.  After all, what is art and the pursuit of knowledge if not just the leisurely, luxurious activity that's permitted only when those with the capacity, the interest, the means and intent ...

If you ask me to name the one thing that makes the United States the most powerful and influential country in human history...  I don't answer its military. Even though the U.S. defense budget is staggering. I don't answer its rule of law. Even though the U.S. ranks very high in the world .  I don't answer its living standards. Even though the U.S. ranks in the top 5  in economic freedom. I don't answer its cultural inclination to dominate and conquer faraway lands , nor the facility (and most importantly, the willingness ) of its citizens to move within its borders in search for a better future. Laudable as that may be.   Even if the % of movers has decreased since the 90's, close to 17MM people moved within the US in 2017 alone.  That's almost  the equivalent of the Netherlands, or Ecuador, or Senegal moving houses in 12 months  🤯 .  I would not even answer its marvelous capacity  to take in immigrants from all other the world for mor...

Humans are unpredictably predictable. When circumstances surrounding us are overwhelming and pressing, we try to change them. Sometimes aggressively (with revolutions) some other times more passively (quitting your job). Interestingly, this also applies to love life: after a long run of dating people with characteristic "X", the next person you look for is someone with the opposite characteristic, because you now know the disadvantages of that personal trait. The pendulum metaphor is at work. In societies, the metaphor applies to politics, and of course also to matters of economic policy. Totalitarian societies (like Pinochet's Chile or Franco's Spain) topple regimes looking for the longed freedom they did not have before. Societies that reach economic freedom (the U.S.A.) realize that opening their borders to trade allows other nations to get in and "steal" profits from domestic businesses via price undercutting and fierce competition and look to revert th...