Question: ACGNM are popular cultures originated from Japan.
(a) Write down the full names of ACGNM, and state their nature.
(b) Some economists say that ACGNM will impair economic performance in the long run. Explain briefly.
Solution:
(a) Anime, Comic, Game, Novel, Music/Movie.
These entertainment simplifies reality such that audiences are easily addicted.
(b) By IQ distribution of genders:
The below-average males addicted to ACGNM have more population than females of the same kind. Since ACGNM simplies reality, male underachievement will be exacerbated as the popular cultures thrives. As a result, global potential GNPs worldwide will be hopelessly compromised, leading to adverse globalization of poverty over generations.
In sum, the intellectual should refrain from consuming ACGNM unless they want to create doomsday of mankind.
Question: Wan Chin, an influencer in Hong Kong manosphere, maintains that AI will NOT improve economic performance. Evaluate the validity of his statement.
Solution:
By income approach:
GDP = Wage + Interest + Rent + Profit
i.e. GDP = Sum of factor income
AI reduces the demand for human labors, then wage will drop.
AI reduces the demand for physical offices, then no one demands more land and rent will drop.
AI reduces the demand for physical equipments such as stationery and textbooks, then the capital supply will also drop alongside the decline of the demand.
AI reduces the number of firms, then the demand and supply for entrepreneurs will also drop, leading to global plummet of profits.
In sum, AI is killing the mankind as its nature is complete disrespect of humans by Zionists. Thus, Wan Chin's statement is causally correct.
Question: What creates incomes?
Solution: Exchange
Without exchange, there is no cost and thus no income, and it is only possible in one-man world.
Existence of transaction costs indicates that there is mutual transaction from at least 2 humans, i.e. exchanges.
For example, A gives B $100 for B's eating A's shit daily, then r'seciprocally B gives back A $100 for A eating B's shit daily. The expected monthly GDP is thus about $6000.
Question: What is the panacea for e-piracy?
Solution: Use physical licenses instead of DRM. Respect buyer's ownership. Stop craving for infinite profits and use the income to promote open-source developments.
As a result, technology level will rise significantly to improve global incomes.