Index Investing News
Saturday, October 4, 2025
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

Zoltraak: Competitors versus Stagnation – Econlib

by Index Investing News
May 3, 2025
in Economy
Reading Time: 3 mins read
A A
0
Home Economy
Share on FacebookShare on Twitter


There’s a Japanese anime entitled Frieren: Past Journey’s Finish.  Whereas anime has a justly-deserved popularity for being over-the-top and goofy, this specific sequence bucks the development.  The plot follows Frieren, an elven mage.  Elves on this universe are extremely long-lived; their typical lifespan reaches 1000’s of years lengthy.  Frieren was a part of a celebration of heroes who defeated the Demon King, the chief of a robust nation of predators who hunted people, elves, and the opposite humanoid races.  Because of Frieren’s lengthy life, she outlives her companions and, as time strikes on previous their nice victory over the Demon King, so too do the reminiscences of their time collectively start to fade.  The present is about Frieren’s grief and her sudden (to her) want to protect the reminiscences of her buddies.

The present additionally has many financial themes and examples.  I’ve a sequence of weblog posts deliberate discussing these as I progress by way of my rewatch.  This publish is the primary of what I hope will probably be many.  I’ll do my finest to maintain posts spoiler free, however when mandatory, I’ll label spoilers.  

Within the episode Killing Magic (season 1, episode 3), Frieren and her human apprentice Fern head to a village the place a robust normal within the Demon King’s military has been sealed away for the reason that battle 80 years earlier.  In the course of the battle, this normal, Qual, devastated the human armies with a robust spell named Zoltraak.  This spell might bypass all obstacles; there was no counter for it.  Its very title struck terror into the hearts of the people.  This was the stuff of legends.  Certainly, Qual itself was so {powerful} that it might solely be sealed away; no magic might contact it.  

Quick-forward 80 years (to the current) and the seal round Qual has failed.  Frieren and Fern arrive to destroy Qual as soon as and for all.  Qual, recognizing Frieren from the battle 80 years earlier, proceeds to threaten her and unleashes his omnipotent spell.  Fern blocks the spell.  Fern’s shock is palpable:  “I don’t perceive, Mistress Frieren.  That was simply strange offensive magic.”  Frieren goes on to clarify: people, not like demons and elves, should not innately magical.  They’ve needed to adapt and overcome the challenges dealing with them.  Conversely, demons are innately and powerfully magical; they have no idea tips on how to adapt.  They only bludgeon all the things till it submits.  When Zoltraak devastated human armies a long time in the past, the people devoted themselves to reverse-engineering it, understanding it, and perfecting it.  Extra importantly, the people simplified it and it turned so frequent that this spell, as soon as solely within the palms of only one terribly {powerful} demon, is now commonplace in opposition to even the lowest-skilled human mages.

Right here we see an indication of what Julian Simon calls “the final word useful resource,” particularly the human thoughts.  People are insanely inventive when confronted with issues.  When costs are allowed to fluctuate (signaling relative shortage/abundance) and correct establishments are in place that permit for and reward creativity, humanity is ready to accomplish superb issues.  Consequently, the inconceivable turns into not solely potential, however commonplace.  Coupled with the truth that technological change is a combinatorial course of, it turns into mind-boggling what issues free people can overcome. 

Thus, we see one other implication: that issues sow the seeds of their very own destruction (or, as Frieren put it: “Zoltraak is simply too {powerful}”).  Confronted with challenges, people will overcome.  If protected against challenges, stagnation outcomes.  To cite the economist Mark Perry: “competitors breeds competence.”  Competitors not solely breeds competence, however breeds superiority.  Allow us to unleash human creativity.



Source link

Tags: CompetitionEconlibstagnationZoltraak
ShareTweetShareShare
Previous Post

Door knocks and DNA exams: How Trump administration plans to maintain tabs on 450,000 migrant youngsters

Next Post

Overseas buyers fear about U.S. reliability: Ex-Bridgewater strat

Related Posts

A weak greenback is dividing firms’ earnings

A weak greenback is dividing firms’ earnings

by Index Investing News
October 3, 2025
0

This text is an on-site model of our FirstFT e-newsletter. Subscribers can signal as much as our Asia, Europe/Africa or...

Indifferent from Actuality? (No) – The Huge Image

Indifferent from Actuality? (No) – The Huge Image

by Index Investing News
September 24, 2025
0

  A fast observe about some damaging chatter that retains displaying up in varied locations. Over the previous few weeks,...

AI Gained’t Kill Work – It Will Reinvent It

AI Gained’t Kill Work – It Will Reinvent It

by Index Investing News
September 20, 2025
0

It’s simple to doomscroll lately. AI, it seems, is coming for our jobs. Even occupations that had been beforehand thought-about...

RWM Makes Barron’s High 100 RIA Corporations!

RWM Makes Barron’s High 100 RIA Corporations!

by Index Investing News
September 16, 2025
0

    I'm thrilled that Ritholtz Wealth Administration has been acknowledged by Barron’s as one of many prime 100 RIAs...

Rethinking Triffin: The Fiscal Dimension of the Greenback Dilemma

Rethinking Triffin: The Fiscal Dimension of the Greenback Dilemma

by Index Investing News
September 12, 2025
0

The controversy over Robert Triffin’s well-known “dilemma” continues to animate policymakers and commentators. Stephen Miran, a number one financial advisor...

Next Post
Overseas buyers fear about U.S. reliability: Ex-Bridgewater strat

Overseas buyers fear about U.S. reliability: Ex-Bridgewater strat

Berkshire’s board doesn’t see Buffett’s successor ‘as a CEO in ready,’ lead director says. ‘He’s taking up the management capability proper now’

Berkshire’s board doesn’t see Buffett’s successor ‘as a CEO in ready,’ lead director says. ‘He’s taking up the management capability proper now’

RECOMMENDED

Pleasure Reid Has Thanksgiving Meltdown Over Trump Supporters “Struggling The Penalties” Of Their Vote – FREEDOMBUNKER

Pleasure Reid Has Thanksgiving Meltdown Over Trump Supporters “Struggling The Penalties” Of Their Vote – FREEDOMBUNKER

November 28, 2024
RFI: Steady Distributions From This Non-Leveraged REIT CEF (NYSE:RFI)

RFI: Steady Distributions From This Non-Leveraged REIT CEF (NYSE:RFI)

February 4, 2024
Why A Canada/U.S. Union is a Dangerous Concept

Why A Canada/U.S. Union is a Dangerous Concept

January 16, 2025
India rocket puts 36 internet satellites into orbit | Space News

India rocket puts 36 internet satellites into orbit | Space News

October 23, 2022
CRE Sentiment Index Hits All-Time Excessive

CRE Sentiment Index Hits All-Time Excessive

October 5, 2024
2023 NBA steals per game leaders

2023 NBA steals per game leaders

December 26, 2023
8 Holiday Gifts For The Home To Surprise Everyone On Your List This Year

8 Holiday Gifts For The Home To Surprise Everyone On Your List This Year

November 26, 2023
Rob Gronkowski may regret going after the Swifties

Rob Gronkowski may regret going after the Swifties

October 27, 2023
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In