• 258 Posts
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Joined 7 months ago
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Cake day: November 21st, 2023

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  • This is where China’s “debt trap diplomacy” might actually be beneficial for Kenya…

    China’s loans serve to improve the top-line (economic growth), and China’s loan concessions don’t affect that. When Kenya puts Mombasa Port’s 50-year operating and port fees up for collateral, that’s a hit on the bottom line (Kenya’s government revenues) but does not change the fact that the port still exists to drive economic growth. Moreover, often the short-term hit in port revenues is less than the interest that would’ve been paid on the loan, so these collateralized loans are often cashflow neutral or even cashflow positive to default on.

    The IMF and World Bank are more focused on padding the bottom line (tax revenues) by increasing taxes and decreasing subsidies. What an insane policy.

    If a country can’t grow, how can you expect it to pay off it’s loans? The entire principle of government loans in the 21st century is that GDP growth makes loans progressively less expensive. The IMF and World Bank exist only to keep developing countries poor.





























  • I don’t think you understand thermodynamics.

    ACs are heat pumps that use temperature differentials to move heat from one side to another. There are inherent losses there (e.g., moving 1000kJ of heat out of a room might take 500kJ, for 200% efficiency). That excess 500kJ is dumped outside into the world along with the 1000kJvof heat, creating a local heat island effect. That’s why ACs consume electricity, and that’s where the energy goes.

    The radiator behind the freezer isn’t mega hot because of advances in insulation that limit the amount of heat that needs to be moved and advances in efficiency when operating in specific temperature regimes. A modern fridge consumes 400kWh a year, which averages out to 1.1kWh/day, or 45W continuous draw. That’s about the same as a laptop charger. But, well, obviously your house is much larger than your fridge. A fridge might average 400L in volume, but your house averages more like 600000L (1500x more).

    If you could move heat around without incurring losses, you could use that to construct a perpetual motion machine. Conservation of energy is a thing and entropy always increases.