Quotulatiousness

November 17, 2020

“We are so well off here in the United States that our poverty line begins 31 times above the global average. Thirty. One. Times.”

Filed under: Cancon, Economics, Liberty, USA — Tags: , , — Nicholas @ 03:00

Alyssa Ahlgren ponders the fact that we North Americans take our unprecedented-in-human-history prosperity very much for granted:

I’m sitting in a small coffee shop near Nokomis trying to think of what to write about. I scroll through my newsfeed on my phone looking at the latest headlines of Democratic candidates calling for policies to “fix” the so-called injustices of capitalism. I put my phone down and continue to look around.

I see people talking freely, working on their MacBooks, ordering food they get in an instant, seeing cars go by outside, and it dawned on me. We live in the most privileged time in the most prosperous nation and we’ve become completely blind to it. Vehicles, food, technology, freedom to associate with whom we choose.

These things are so ingrained in our American way of life we don’t give them a second thought. We are so well off here in the United States that our poverty line begins 31 times above the global average. Thirty. One. Times. Virtually no one in the United States is considered poor by global standards. Yet, in a time where we can order a product off Amazon with one click and have it at our doorstep the next day, we are unappreciative, unsatisfied, and ungrateful.

Our unappreciation is evident as the popularity of socialist policies among my generation continues to grow. Democratic Congresswoman Alexandria Ocasio-Cortez recently said to Newsweek talking about the millennial generation, “An entire generation, which is now becoming one of the largest electorates in America, came of age and never saw American prosperity.”

Never saw American prosperity. Let that sink in. When I first read that statement, I thought to myself, that was quite literally the most entitled and factually illiterate thing I’ve ever heard in my 26 years on this earth. Now, I’m not attributing Miss Ocasio-Cortez’s words to outright dishonesty. I do think she whole-heartedly believes the words she said to be true. Many young people agree with her, which is entirely misguided. My generation is being indoctrinated by a mainstream narrative to actually believe we have never seen prosperity. I know this first hand, I went to college, let’s just say I didn’t have the popular opinion, but I digress.

Let me lay down some universal truths really quick. The United States of America has lifted more people out of abject poverty, spread more freedom and democracy, and has created more innovation in technology and medicine than any other nation in human history. Not only that but our citizenry continually breaks world records with charitable donations, the rags to riches story is not only possible in America but not uncommon, we have the strongest purchasing power on earth, and we encompass 25 percent of the world’s GDP. The list goes on.

November 12, 2020

The party of the Lucky Winners

Filed under: History, Politics, USA — Tags: , , , , , — Nicholas @ 03:00

Brian Micklethwait sends some thoughts from his sick-bed on the (still in question) outcome of the US election:

“Polling Place Vote Here” by Scott Beale is licensed under CC BY-NC-ND 2.0

Democrat electoral cheating is not a new story. I’ve been reading stuff about America and American politics all my life, off and on and mostly off, and like a thread through it all is the fact that in big cities that they run and are determined to go on running, Democrats cheat in elections. So Democrats cheating in elections this time around is not the big change.

The big change is a Republican refusing to retreat in the face of it. Why? Why is Trump being so unpresidential, so undignified, so … just so ghastly? The answer is that the big political picture has been transformed, partly by him, but partly by him responding to the fact that it has already changed so much.

Time was when Republicans were the party of the Lucky Winners. Country clubbers, corporate executives, yacht owners, owners of houses with several garages, presided over by perfectly manicured wives, in charge of several well behaved children and subservient servants. The Democrats, meanwhile, were the party of the workers, of people struggling to do work or even to get work. Any plutocrats who were attached to the Democrats, like the Kennedys or (FD) Roosevelt, were numerically insignificant oddities. (Whether that was true, I don’t know. But this was the dominant narrative, as people say now.)

But that’s all changed. The Democrats are now the party of the Lucky Winners, and also of the unlucky losers at the very bottom of the heap who can only now depend on the crumbs of comfort bestowed upon them by the Lucky Winner class. The Republicans have become the party of the workers in the middle, the middle class, as Americans accurately describe them. The Republicans are the party of the people who still struggle to work and to stay working, and who hate the whole idea of giving up and becoming dependant upon the Lucky Winners.

Not all “workers” voted for Trump. A lot of workers, especially in things like IT, are still solidly Democrat. But the heart of the Trump vote was workers of a certain sort. The heart of the Trump vote was no longer the Lucky Winners class. They have migrated over to the Democrats.

Okay, now for the key bit of what I’m saying.

In olden times, if you were a member of the Lucky Winners class, and your guy lost an election, complaining about cheating was frankly a bit, well, undignified. You and your pals controlled almost all the levers of power in society. You owned the big corporations. Your children were creaming off most of the expensive education. The world was yours. Were you going to bitch about electoral corner-cutting by a few machine politician Democrats in big cities who had enough clout to say boo to you, every once in a while? This was not a good look. And on the whole, Republicans took their defeats, and if Democrat cheating cost them a win or two, well, that was how it crumbled, cookie-wise. Legally, that may not have been the rule, but actually, that was the rule. Noblesse oblige. Let the people picked by the struggling class have their turn. Suck it up. Go play golf.

But now? Now, what is happening is that the Lucky Winners class is telling the class definitely below it in the pecking order that this subordinate class now has to just lie back and let it happen, when the electoral cheating happens all over them.

This is not a good look either, but it’s what the Lucky Winner class now think they can do, and get away with. Maybe they can, in the sense that they may well get their guy over the line this time around. But if they do, but if it then becomes clear that they did this by cheating on a large scale in this election, then the words “reap” and “whirlwind” spring to mind.

October 31, 2020

Modern Halloween costumes show us how wealthy we have become

Filed under: Cancon, Economics, History, Media, USA — Tags: , , , , , , — Nicholas @ 03:00

Richard Lorenc looks back at the “costumes” for Halloween from the 1970s and 1980s to help illustrate how much our general economic picture has improved since those dark days:

While my husband and I were recently struggling to figure out our costumes for this Halloween (and we still don’t have any idea), he pulled up some old commercials on YouTube. The off-the-shelf options that trick or treaters had were, in a word, pitiful.

Basically, costume makers thought it was ok to make a front-only plastic mask (in any color, really) of a character and top it off with a plastic smock featuring an illustration of said character with either its name or the name of the show or movie it comes from. There was no attempt to dress in the character’s actual attire. If you wanted that, you’d either have to know a professional costumer or cobble together something from your closet.

Take a look for yourself at just how costume-poor we used to be:

Obviously, every costume is an opportunity to generate interest in a brand or franchise, and slapping on a logo is an easy way to get a name out there, but these costumes truly heralded a dark time for Halloween. Some may even argue that it demonstrated crass consumerism at its worst, with cynical companies taking the easiest route to grabbing a couple of bucks from desperate parents.

The truth of the tragedy of terrible old Halloween costumes has to do with a simple idea: specialization.

[…]

The next time you compare our screen-accurate store-bought costumes of Darth Vader and Mr. Incredible to those of yesteryear, remember that we enjoy them today not because previous generations didn’t care for accurate costuming, but because growing trade across the globe has generated so much wealth for each of us that we can now demand things we may have only imagined previously.

I only realized as I got ready to schedule this post that it was an article I’d blogged a couple of years back, but the point of the story is still relevant even in our pandemic-wracked economy of 2020.

October 10, 2020

QotD: McMansions

Filed under: Architecture, Humour, Quotations — Tags: , , — Nicholas @ 01:00

McMansions are faker than your friends were in middle school. What do I mean by fake? I mean using low-cost reproductions of quality materials or features in order to portray the illusion of wealth. I’m talking about the knockoff handbags of architecture.

“McMansion Hell from A to Z: Part One (A-H)”, McMansion Hell, 2016-09-25.

October 3, 2020

QotD: Literal first world problems

Filed under: Economics, Quotations — Tags: , , — Nicholas @ 01:00

Many of today’s concerns, however valid or invalid any of them might be, are luxury concerns. Only rich people – by which I mean people whose standard of living is roughly that of ordinary citizens of first-world countries in the early 21st century – can afford to worry about the likes of climate change, species loss, the manner in which chickens are raised, urban sprawl, how locally “sourced” is the eggplant that we eat, and rising Gini coefficients.

Again, I don’t say that these and other modern concerns are invalid. Some are and some aren’t. But it’s good to pause from time to time to be thankful that we’re wealthy enough to have escaped most of the daily, much more horrible concerns that pressed immediately upon our ancestors. It’s appropriate to be grateful that we’re rich enough to worry about, say, what might happen in a few decades to the sea level in a distant country rather than about whether or not our children will die of starvation during the night.

Don Boudreaux, “Quotation of the Day…”, Café Hayek, 2018-05-27.

August 9, 2020

Canadian Art magazine’s “woke suicide pact”

Filed under: Bureaucracy, Business, Cancon, Media, Politics — Tags: , , , , , , , , — Nicholas @ 03:00

As a cultural barbarian and all-around Neanderthal, it will come as little surprise to both my readers that I’d never even heard of Canadian Art magazine. As a result, the recent decision to cease publication due to the unresolved (and almost certainly unresolvable) issues of needing to be funded by rich white people:

These evils were explained in a long article published by Canadian Art‘s former editor-in-chief, David Balzer (self-described “gay, fag, queer. Ambivalent Libra“), in which he complains that the progressive agenda of the magazine he edited was forever being undercut by the need to solicit funds from wealthy white donors. Or, as he describes it, the pursuit of: “white, liberal money — the champagne socialists.”

Shockingly, these donors are not especially fond an incessant slew of articles with titles such as Drop the Charges and Defund the Police, Says New Artists’ Letter for Black Lives, Give Us Permanence — Ending Anti-Black Racism in Canada’s Art Institutions, and A Crisis of Whiteness in Canada’s Art Museums.

Balzer’s analysis of the growing tension between establishment donor and do-good editor is spot on:

    Most boards, which are also majority white, are [interested] in going to where they believe the money is. So the argument goes: It takes a certain talent, panache, to be president, director, or CEO, to open those pocketbooks, and without these skills, culture cannot run. This argument implies that culture cannot run if its backrooms are not white … Many corporate partners make possible the lavish, yearly fundraising galas that cultural organizations host: ostentatious displays of whiteness and wealth that are the public-facing versions of the aforementioned work done by white presidents, directors and CEOs.

It’s a problem that every charity, art outlet, and activist organization in Canada will face. Supporting the arts is rarely an act of pure altruism. It has always been a status flex by the well-connected barons and baronesses of privilege. At its most cynical, arts funding is a high-class game of reputation laundering.

July 28, 2020

QotD: Incentives and opportunity costs

Filed under: Economics, Quotations — Tags: , , — Nicholas @ 01:00

The first and most important thing in all economics is that incentives matter. If you can grasp that and also get to grips with the second, that there are always opportunity costs, then you’re going to be doing better than 90% of the economics profession itself. But do remember that incentives matter, incentives really, really, matter. Changes in tax law have stopped people from dying for example.

No, really, there was one of those natural experiments, when inheritance tax laws changed at the end of the year. There was a definite blip downwards in the death rate of people rich enough to pay inheritance tax at the end of the year, a corresponding one upwards again as the new, lower, rates came into effect in January. Incentives really, really, matter.

Tim Worstall, “What’s The Over And Under On Tesla’s 200,000th Car Being Delivered On July 1?”, Continental Telegraph, 2019-05-03.

June 11, 2020

In 1929, the warning sign was getting stock tips from shoeshine boys and elevator operators

Filed under: Business, Economics, History — Tags: , , , , — Nicholas @ 05:00

In 2020, as Jay Currie suggests, the warning sign might be robinhood.com:

“Jay Gould’s Private Bowling Alley.” Financier and stock speculator Jay Gould is depicted on Wall Street, using bowling balls titled “trickery,” “false reports,” “private press” and “general unscrupulousness” to knock down bowling pins labeled as “operator,” “broker,” “banker,” “inexperienced investor,” etc. A slate shows Gould’s controlling holdings in various corporations, including Western Union, Missouri Pacific Railroad, and the Wabash Railroad.
From the cover of Puck magazine Vol. XI, No 264 via Wikimedia Commons.

In the winter of 1928 Joe Kennedy, father of JFK and major stock market player, stopped to get his shoes shined. The shoeshine boy leaned in and said, “Buy Hindenburg”. Kennedy began unwinding his positions saying, “You know it’s time to sell when shoeshine boys give you stock tips. This bull market is over.”

I had a similar experience in late 1999 when a friend took out a mortgage on her condo to buy shares in the billion dollar online copy paper empire. She had a perfectly good job in retail garden supplies. Remembering Kennedy, I advised another friend that her Nortel was looking a bit overbought. As it happened she sold quite near the peak.

The 2020 equivalent of the shoeshine boy is the perfect storm is the free trading platform, robinhood.com. This is a nicely designed site where you can trade shares on your computer or phone. It has become very, very popular with younger, new investors. My late 1990’s day trading pals would have killed for this sort of interface and no brokers fees. It has spawned a whole host of reddit chats, twitter streams and countless YouTube videos on the excitement of swing trading. (One fun spot to watch Robinhood is the https://robintrack.net/leaderboard which shows which stocks the people on Robinhood are buying. It is a bit slow and buggy but a great front row seat.)

What is striking about the robinhood.com world is that it revolves around trading rather than any sort of “investing”. You hop into APPL in the morning, see if you can make a couple of bucks by noon and move onto the next thing. And Apple is a real, solvent, company.

Robinhood has been in the news recently because the herd has charged into the shares of a number of companies which are either in or near bankruptcy. Hertz Rent-a-Car dropped from $20 to $0.50 in three months as the market realized that with no travelers there would be no car rentals. Interestingly, we learn from robintrack.net that at $20 there were a little over 1000 users holding, as Hertz crashed the Robinhood users piled in, at $0.55 there were 44,000 and there are now 158,000. And many will have made money, lots of money, trading the gyrating price from $0.50 to back up to $5.00.

In the run up to the crash of October 1929, long after Joe Kennedy had pulled his money from the market, retail traders were coining it trading the “swings” on margin accounts. It didn’t matter what the company actually did, it was going up. The same “irrational exuberance” was a big feature in the dot com bubble.

The “Fearless Girl” statue faces the Arturo Di Modica “Charging Bull” on Wall Street (Wikipedia)

The lessons of the 1929 crash and the 2000 dot com bust were simple – get out early and be in no hurry to get back in. Right now the dinosaurs like Buffet and Ichan are sitting on stacks of cash. Just like Joe Kennedy was when Wall Street swan dived in October 1929. They got that cash by selling their shares to shoeshine boys and the bright lights at Robinhood.

April 12, 2020

Self-interest in the clothing of idealism

Filed under: Economics, Media, Politics, USA — Tags: , , — Nicholas @ 03:00

Last week, Esteban wrote at the Continental Telegraph:

Much has been made over the past year of the fact that young people in America approve of Socialism in rather large numbers, and quite a lot more than their elders. Some explain that this is because they are more idealistic than the older crowd, who have become corrupted and “sold out” now that they have a mortgage and expensive lifestyle. Others argue that this supposed idealism is actually naivete.

It seems fair to point out that if you are 24 with negative net worth, a modest paying job and no reasonable expectation on the horizon to make serious cash, it isn’t idealistic to support redistribution, it’s self-interest. And you don’t change this fact by saying “Well, if I made that much money, I’d be happy to pay a lot in taxes”. If you ever get to that point we’ll see, until then this statement doesn’t fly.

Likewise, if you’re 55 with a couple of million dollars in your 401(k), a big home and an income well into six figures your view may be biased against “sharing the wealth” based on your wallet, not principles.

QotD: The Gini coefficient

Filed under: Economics, Government, Politics, Quotations, USA — Tags: , , , , — Nicholas @ 01:00

At least for now, most progressives acknowledge that markets and economic growth are necessary. But progressives in academia contend that growth has proved itself secondary to equality efforts — something to be exploited, rather than appreciated. Not just nationally, but worldwide, policymakers and the press regard the subordination of growth to equality to be a benign practice, as in the recent line in the Indian periodical Mint: a policy aimed at “reducing inequality need not hurt growth.”

The redistributionist impulse has brought to the fore metrics such as the Gini coefficient, named after the ur-redistributor, Corrado Gini, an Italian social scientist who developed an early statistical measure of income distribution a century ago. A society where a single plutocrat earns all the income ranks a pure “1” on the Gini scale; one in which all earnings are perfectly equally distributed, the old Scandinavian ideal, scores a “0” by the Gini test. The Gini Index has been renamed or updated numerous times, but the principle remains the same. Income distribution and redistribution seem so crucial to progressives that French economist Thomas Piketty built an international bestseller around it, the wildly lauded Capital.

Through Gini’s lens, we now rank past eras. Decades in which policy endeavored or managed to even out and equalize earnings — the 1930s under Franklin Roosevelt, the 1960s under Lyndon Johnson — score high. Decades where policymakers focused on growth before equality, such as the 1920s, fare poorly. Decades about which social-justice advocates aren’t sure what to say — the 1970s, say — simply drop from the discussion. In the same hierarchy, federal debt moves down as a concern because austerity to reduce debt could hinder redistribution. Lately, advocates of economically progressive history have made taking any position other than theirs a dangerous practice. Academic culture longs to topple the idols of markets, just as it longs to topple statutes of Robert E. Lee.

But progressives have their metrics wrong and their story backward. The geeky Gini metric fails to capture the American economic dynamic: in our country, innovative bursts lead to great wealth, which then moves to the rest of the population. Equality campaigns don’t lead automatically to prosperity; instead, prosperity leads to a higher standard of living and, eventually, in democracies, to greater equality. The late Simon Kuznets, who posited that societies that grow economically eventually become more equal, was right: growth cannot be assumed. Prioritizing equality over markets and growth hurts markets and growth and, most important, the low earners for whom social-justice advocates claim to fight. Government debt matters as well. Those who ring the equality theme so loudly deprive their own constituents, whose goals are usually much more concrete: educational opportunity, homes, better electronics, and, most of all, jobs. Translated into policy, the equality impulse takes our future hostage.

Amity Shlaes, “Growth, Not Equality”, City Journal, 2018-01-21.

April 1, 2020

The Orient Express: King of Trains, Train of Kings

Filed under: Books, Europe, France, Germany, History, Italy, Media, Railways — Tags: , , , , , , , — Nicholas @ 04:00

Geographics
Published 29 Nov 2019

The journey to the Express was not a simple one. For upper class travellers to enjoy a luxury, non-stop train ride across seven nations, it would take the dream of a lovesick Belgian engineer, with his rather interesting supporting cast: an American industrialist, the inventor of US tabloid journalism, the Prince of Wales, and one of the most prolific mass murderers of the 19th and 20th Centuries.

Credits:
Host – Simon Whistler
Author – Arnaldo Teodorani
Producer – Jennifer Da Silva
Executive Producer – Shell Harris

Business inquiries to admin@toptenz.net

March 29, 2020

QotD: Cargo cults, ancient and modern

Filed under: Economics, Pacific, Quotations, WW2 — Tags: , , , , — Nicholas @ 01:00

A cargo cult is a belief system among members of a relatively undeveloped society in which adherents practice superstitious rituals hoping to bring modern goods supplied by a more technologically advanced society. These cults … were first described in Melanesia in the wake of contact with more technologically advanced Western cultures. The name derives from the belief which began among Melanesians in the late 19th and early 20th centuries that various ritualistic acts such as the building of an airplane runway will result in the appearance of material wealth, particularly highly desirable Western goods (i.e., “cargo”), via Western airplanes.

To say that Pacific island societies were “relatively undeveloped” is a euphemism; they were primitive backward people who, when first encountered by European explorers, lived in a Neolithic stage of development far behind that of Mesopotamia in 1,500 B.C. That natives of Melanesia were at least 3,000 years behind Western civilization is simply a fact, but facts are now racism. Nevertheless, the point about cargo cult thinking is that these primitive islanders were unable to comprehend the advanced social and economic systems that produced, e.g., steam-powered ships, airplanes and the manufactured goods that the white man’s mechanical contrivances delivered. Utterly ignorant of how and why “cargo” had been produced and transported to their remote islands, the natives were understandably mystified when the arrival of “cargo” was interrupted. So they resorted to imitative rituals by which they believed the return of “cargo” might magically be reinstated.

The 21st-century American might laugh at these primitive superstitions, except that similarly ignorant “monkey see, monkey do” behaviors can be observed in our own society every day. My favorite example is the teenage boy who observes that girls are interested in athletes. The star basketball player in high school is popular with the girls, and so lower-status teenage boys — including the ones with zero athletic aptitude — will often emulate the athletic boys in terms of their attitudes, manners and clothing. This is why you see so many dorky suburban white boys wearing Nikes, NFL jerseys, etc., slouching around and speaking in a rap-influenced slang: “Wazzup, bruh?” These behavioral styles are an attempted imitation of popular black athletes. The clumsy adolescent white boy lacks the essential substance of the black athlete’s appeal, yet superstitiously believes (in cargo-cult manner) that he can obtain popularity by performing a superficial imitation.

Robert Stacy McCain, “The Cargo Cult Mentality”, The Other McCain, 2019-12-20.

March 20, 2020

QotD: Absolute and relative poverty

Filed under: Economics, History, Quotations, USA — Tags: , , — Nicholas @ 01:00

… in that historical sense, a GDP per capita of $600 a year. Or the current global one, something like $8,000 (depends upon who is doing the counting a bit for that one). That we’re worrying about $34,000 a year, that this is poverty, is exactly the example we need of how well that American capitalism has worked over those centuries.

That the poor of our nation live better than 90 percent of anyone only 100 years ago, better than anyone at all from more than 200 years ago, shows just how fabulous an economic system it is.

Sure, it’s not perfect, it could do with some revisions here and there, but this system — the rule of law, markets, and capitalism — delivers in the one thing that truly matters: raising the living standards of the people, most especially poor people. Even more, no other economic system has managed this at all.

Tim Worstall, “Appalachia’s woes show the success of American capitalism”, Washington Examiner, 2018-01-09.

March 18, 2020

QotD: The “magic” of capitalism

Filed under: Economics, History, Quotations, USA — Tags: , , — Nicholas @ 01:00

Warren Buffett has told us that there’s something magical about American capitalism. This isn’t quite true, because other countries have achieved much the same thing. What is true about it is that it is the system itself which has caused the incredible wealth we all enjoy in this modern world. Buffett writes:

    In 1776, America set off to unleash human potential by combining market economics, the rule of law and equality of opportunity. This foundation was an act of genius that in only 241 years converted our original villages and prairies into $96 trillion of wealth.

Other places which did much the same thing — that mixture of capitalism, the rule of law and free markets — achieved much the same end. We generally refer to those places as the developed world, while those that didn’t are still the Third World. There is nowhere at all that has become rich, absent some vast natural resource, without adopting this system.

We can show this, too, with the numbers from Angus Madison. The average GDP per capita over history, all countries, all empires, was some $600 a year or so — That’s in today’s dollars, meaning history was, by our standards, abject destitution for everyone. This is also why we use $1.90 a day (at modern American prices) as our measure of global absolute poverty. Because that’s just what the past was and we celebrate when people, a country, a nation, rise above that historical existence.

Tim Worstall, “Appalachia’s woes show the success of American capitalism”, Washington Examiner, 2018-01-09.

March 1, 2020

“When you’re driving a fancy car, you’re an avatar for everyone else’s bad boss, useless trust-fund roommate, or absent workaholic father”

Filed under: USA — Tags: , , , , , — Nicholas @ 03:00

At Car and Driver, Ezra Dyer confirms what most of us already suspected about the folks who drive expensive rides:

Excuse us if you’ve already devoured the latest volume of the Journal of Transport & Health, but the March issue contains the results of a novel experiment that tested a cherished automotive stereotype. The study is entitled “Estimated Car Cost as a Predictor of Driver Yielding Behavior for Pedestrians,” but you can think of it as, “Are BMW drivers really jerks or what?”

Okay, so it was more nuanced than that. The authors of the study sent four pedestrians — black female, black male, white female, white male — to crosswalks in the Las Vegas area to see how many drivers would yield. The overall results were pretty dismal, with a yield rate of only about 28 percent out of 461 cars. Cars yielded more often to female and white pedestrians than male and nonwhite pedestrians, although not enough either way to register as statistically significant. The only factor that consistently predicted yielding behavior was the value of the car. Notably, the study’s authors estimated the book value on all 461 cars, so the 2004 Mercedes S-class that’s worth $5000 didn’t get ascribed automatic snob appeal.

[…]

However, if you’re driving an actual exotic, something way far up the food chain, behavior changes again. Everyone yields to the Rolls or the Lambo because cars like that are so over the top, they make you interesting by association. Plus: most people don’t know anybody with a car like that; thus they can’t associate it with anyone awful. The ultra-expensive car, and the driver, are a curiosity. What’s that guy’s deal? He probably invented that fake grass that goes between the pieces of sushi. And good for him! But the guy in the 911? He can wait an extra two turns at the four-way intersection. Probably deserves it.

Our not-scientific conclusions: If you expect fellow road users to demonstrate courtesy, you should drive either a 1984 Renault Alliance or a Lamborghini Aventador SVJ roadster. But either way, and to everybody in between: Yield at the damn crosswalks.

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