In this paper we show that a variety of modal algebras of finite type is semisimple iff it is discriminator iff it is both weakly transitive and cyclic. This fact has been claimed already in [4] (based on joint work by the two authors) but the proof was fatally flawed.

We show that the variety of residuated lattices is generated by its finite simple members, improving upon a finite model property result of Okada and Terui. The reasoning is a blend of proof-theoretic and algebraic arguments.