I guess it is time for me to open my mouth.
Speak my Babel. I hope not to confuse the tongues.
There is a mis-preception that a liberal is somehow against a Free Market. I am for the free Market. I think it is the best mechanism for allocating capital and resources such a labor. Some of my liberal friends might disagree, but if you agree then you have to recognize that diversity is strength in a true Free Market. (Or any Market, which are all Evolution Schemes)
However, the Free Market has never been truly free. Those who have wealth have always had more voice in the direction of this "free" Market. I am not complaining. I am stating a reality. However, their louder voice has drowned out the choir. And that single voice is no better.
The core assumption is that those who have achieved great success in terms of financial wealth are somehow better at making decisions about what is best for the economy.
My proposition is that this is not true. And I think the research supports my hypothesis that those who have achieved great financial wealth are no better at making complex decision than you and me.
Now I pump Amazon sales!
http://www.amazon.com/Random-Walk-Down-Wall-Street/dp/0393315290
http://www.amazon.com/Drunkards-Walk-Randomness-Rules-Vintage/dp/0307275175
http://www.amazon.com/Fooled-Randomness-Hidden-Chance-Markets/dp/1400067936/
I am not saying that those who got rich did not work hard or are not smart. I am saying that greater than 80% of the people in our country (USA) or any country, work hard and are very smart.
It is clear that a great majority of people work just as hard or even hard than me.
It is clear that a majority of people are just as smart or even smarter than me.
The data suggest that we all make poor choices when the situation is complex. However, those who have succeeded, ie made a lot of money, somehow feel that they have a right to tell us how to run the economy. That because of their success, that they are superior, that their decision making process is better, more sophisticated than ours.
http://www.youtube.com/watch?v=Y8oXz1ZKeHU&feature=youtu.be
I welcome the voice of Donald Trump. I listen to Ron Paul and Dennis Kucinich. Do I think any of these people have the complete answer, no. Do I think any of these people are viable Presidential candidates, no. The problem is that Donald because of his money has a louder voice. And unfortunately, we still live with a small tribe mentality. Those who speak loudly, and with confident get our attention. In the old world they should because that tiger is coming and we have to move quickly!
But do you see?
It didn't matter who that group leader was. It didn't matter whether we moved left or right, just move! Get out of danger. Today, that group leader points to our survival after the incident with the tiger as evidence that his decision to go right was the right decision to make in confronting the tiger.
Really?
We just needed to move quickly, left or right. In this context, moving quickly was very important, and the long run would take care of itself. The tribe might be gone in the next snow storm so it made sense for the tribe always to seek a strong, loud and confident leader because he is best for these short-term, small tribe, hunt-gather existence. We did this for a LONG time. It will be difficult to get out of this mentality because in reality, it did serve us quite well for a very long time.
Money magnifies the small group leaders voice. And we still believe we belong to one of the twelve tribes wandering the desert. We are not. And the decision making process has to change.
But where do we go then?
Group thinking has dangers too. Consensus is not always right either. Diversity is the key. And a segregation of thinking. I find this bickering tiresome, but it is necessary. The firewall has to exist to prevent the dangers of bad group thinking dynamics. All Democrats or all Republicans or all Tea Baggers thinking is bad for long-term decision making. Consensus building is good, but periods of isolation and reflection is necessary. Polarization does serve a purpose.
I try. Really. But sometimes its frustrating because for the life of me, I don't now how Tea Bagging will help us in the long run. I will keep thinking about the long term social/economic effects of habitual Tea Bagging. There might be value. I will report back later.
OK. Enough. I shut my mouth for today. I am displacing. HA! Now to do work that pays the bills!
Speak my Babel. I hope not to confuse the tongues.
There is a mis-preception that a liberal is somehow against a Free Market. I am for the free Market. I think it is the best mechanism for allocating capital and resources such a labor. Some of my liberal friends might disagree, but if you agree then you have to recognize that diversity is strength in a true Free Market. (Or any Market, which are all Evolution Schemes)
However, the Free Market has never been truly free. Those who have wealth have always had more voice in the direction of this "free" Market. I am not complaining. I am stating a reality. However, their louder voice has drowned out the choir. And that single voice is no better.
The core assumption is that those who have achieved great success in terms of financial wealth are somehow better at making decisions about what is best for the economy.
My proposition is that this is not true. And I think the research supports my hypothesis that those who have achieved great financial wealth are no better at making complex decision than you and me.
Now I pump Amazon sales!
http://www.amazon.com/Random-Walk-Down-Wall-Street/dp/0393315290
http://www.amazon.com/Drunkards-Walk-Randomness-Rules-Vintage/dp/0307275175
http://www.amazon.com/Fooled-Randomness-Hidden-Chance-Markets/dp/1400067936/
I am not saying that those who got rich did not work hard or are not smart. I am saying that greater than 80% of the people in our country (USA) or any country, work hard and are very smart.
It is clear that a great majority of people work just as hard or even hard than me.
It is clear that a majority of people are just as smart or even smarter than me.
The data suggest that we all make poor choices when the situation is complex. However, those who have succeeded, ie made a lot of money, somehow feel that they have a right to tell us how to run the economy. That because of their success, that they are superior, that their decision making process is better, more sophisticated than ours.
http://www.youtube.com/watch?v=Y8oXz1ZKeHU&feature=youtu.be
I welcome the voice of Donald Trump. I listen to Ron Paul and Dennis Kucinich. Do I think any of these people have the complete answer, no. Do I think any of these people are viable Presidential candidates, no. The problem is that Donald because of his money has a louder voice. And unfortunately, we still live with a small tribe mentality. Those who speak loudly, and with confident get our attention. In the old world they should because that tiger is coming and we have to move quickly!
But do you see?
It didn't matter who that group leader was. It didn't matter whether we moved left or right, just move! Get out of danger. Today, that group leader points to our survival after the incident with the tiger as evidence that his decision to go right was the right decision to make in confronting the tiger.
Really?
We just needed to move quickly, left or right. In this context, moving quickly was very important, and the long run would take care of itself. The tribe might be gone in the next snow storm so it made sense for the tribe always to seek a strong, loud and confident leader because he is best for these short-term, small tribe, hunt-gather existence. We did this for a LONG time. It will be difficult to get out of this mentality because in reality, it did serve us quite well for a very long time.
Money magnifies the small group leaders voice. And we still believe we belong to one of the twelve tribes wandering the desert. We are not. And the decision making process has to change.
But where do we go then?
Group thinking has dangers too. Consensus is not always right either. Diversity is the key. And a segregation of thinking. I find this bickering tiresome, but it is necessary. The firewall has to exist to prevent the dangers of bad group thinking dynamics. All Democrats or all Republicans or all Tea Baggers thinking is bad for long-term decision making. Consensus building is good, but periods of isolation and reflection is necessary. Polarization does serve a purpose.
I try. Really. But sometimes its frustrating because for the life of me, I don't now how Tea Bagging will help us in the long run. I will keep thinking about the long term social/economic effects of habitual Tea Bagging. There might be value. I will report back later.
OK. Enough. I shut my mouth for today. I am displacing. HA! Now to do work that pays the bills!
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