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Thread: Interesting article

  1. #1
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    Default Interesting article

    Forwarded by a friend of mine to me.


    https://www.ineteconomics.org/perspe...KOOyaVVaYpE8IY
    Fight Entropy, build a wooden boat!

  2. #2
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    Default Re: Interesting article

    Chilling- and spot-on. Difficult to reverse this trend, short of revolution. Think French.
    There's a lot of things they didn't tell me when I signed on with this outfit....

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    Default Re: Interesting article

    such a nice guy. Aye, George, #thefrenchknew

    Here's the link minus fb's tracking code.

    https://www.ineteconomics.org/perspe...ver-of-america

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    Default Re: Interesting article

    Quote Originally Posted by Durnik View Post
    such a nice guy.

    Here's the link minus fb's tracking code.

    https://www.ineteconomics.org/perspe...ver-of-america
    Thanks.
    Fight Entropy, build a wooden boat!

  5. #5
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    Default Re: Interesting article

    End game does not look good for the hoi polloi whatever the scenario.

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    Default Re: Interesting article

    Dismal science for sure

  7. #7
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    Default Re: Interesting article

    Quote Originally Posted by Reynard38 View Post
    ...
    Buchanan certainly suggested playing a different game than most economists. And some people have taken that to the extreme. And some have ignored the game.
    Life is complex.

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    Default Re: Interesting article

    How dark is your view when you see the world as people being only out for themselves?
    "If you think you are too small to make a difference, try sleeping with a mosquito"

    -Dalai Lama

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    Default Re: Interesting article

    Quote Originally Posted by skuthorp View Post
    End game does not look good for the hoi polloi whatever the scenario.
    There's a reason it's only ever been fixed by war, famine, collapse or depression. Power is never given up willingly, it can only be taken away.

  10. #10
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    Default Re: Interesting article

    Yep. I don’t see us legislating our way out of this.
    There's a lot of things they didn't tell me when I signed on with this outfit....

  11. #11
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    Default Re: Interesting article

    Gack! A guy who thought that Homo economicus, human beings who care about nothing but their material self-interest, describes reality, rather than being an oversimplified abstraction? That can only be described as evil.

    A hopeful thought: Buchanan's ideas were most fully implemented under Augusto Pinochet in Chile. They didn't last. Pinochet fell from power, was thoroughly discredited, and has very few remaining supporters; most of his more extreme economic policies were reversed. Chile is now a reasonably well-functioning liberal democracy, with an economy not that different from most of the rest of the industrialized world. Plenty of problems, like everywhere else, but they're normal problems.
    Last edited by Keith Wilson; 06-30-2019 at 09:33 AM.
    "For a successful technology, reality must take precedence over public relations,
    for nature cannot be fooled."

    Richard Feynman

  12. #12
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    Default Re: Interesting article

    Quote Originally Posted by Keith Wilson View Post
    Gack! A guy who thought that Homo economicus,human beings who care about nothing but their material self-interest, describes reality, rather than being an oversimplified abstraction? That can only be described as evil.

    A hopeful thought: Buchanan's ideas were most fully implemented under Augusto Pinochet in Chile. They didn't last. Pinochet fell from power, was thoroughly discredited, and has very few remaining supporters; most of his more extreme economic policies were reversed. Chile is now a reasonably well-functioning liberal democracy, with an economy not that different from most of the rest of the industrialized world. Plenty of problems, like everywhere else, but they're normal problems.
    The problem is not that such people are few and far between, the problem is that they wield such extraordinary power.

    Much like radical Morons swimming in small arms who back minority-'Republican' lawmakers in Oregon who wish to subvert government because they can't get their way any other way.

    One pistol-waving, AR-toting, radical-separatist Moron wields enough power to send hundreds of law-abiding citizens into silence and terror.

    One Jeff Bezos wields enough power to keep ~650,000 people laboring away for peanuts, always in terror of losing their health insurance/missing the rent/one half-step away from economic disaster, JUST SO BEZOS CAN GET RICH.
    Rattling the teacups.

  13. #13
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    Default Re: Interesting article

    Quote Originally Posted by oznabrag View Post
    The problem is not that such people are few and far between, the problem is that they wield such extraordinary power.
    We need a simple irrefutable blood test for sociopaths. Then we can pass laws keeping them out of positions of power because of their handicap, just as you wouldn't let color-blind people be interior designers or deaf people musicians.. You score less than 2 on a 1-10 scale of empathy, sorry, no soup for you; you're forever excluded from any job that has power over other people's' lives.
    .
    "For a successful technology, reality must take precedence over public relations,
    for nature cannot be fooled."

    Richard Feynman

  14. #14
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    Default Re: Interesting article

    The field of economics continues to evolve. I have hopes that the branch of study called Behavioral Economics - Becker, Kahnemann, et.al. - will put a stake thru the canard of Homo Economus... and bury its foetid carcass deep.

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    Default Re: Interesting article

    Quote Originally Posted by Art Haberland View Post
    How dark is your view when you see the world as people being only out for themselves?
    Realism?

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    Default Re: Interesting article

    Quote Originally Posted by birlinn View Post
    Realism?
    But it isn't; not even close. I don't do whatever is to my material advantage that I can get away with, no matter how despicable. I doubt you do either. That simply isn't how most people behave. Sociopaths, and those with some kinds of personality disorders, but not most of us.
    "For a successful technology, reality must take precedence over public relations,
    for nature cannot be fooled."

    Richard Feynman

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    Default Re: Interesting article

    The book has been out for awhile, and thoroughly reviewed:

    https://mises.org/wire/macleans-book...ries-new-level

    MacLean might fit right in here in the bilge.
    Ask not what your country can do for you; ask what you can do for your country. John Fn Kennedy. (D)

  18. #18
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    Default Re: Interesting article

    The pendulum and all that swings. I’m not being dismissive of the alarm sounded; alarms are useful. However, even the flint example has resulted in charges. Someone is going to jail for this. I have watched the term “socialist “ become mainstream—will see if the socialists actually get anything done.

    i guess I’m not as fearful as the writer, or maybe I just don’t give a **** anymore.
    __________________________________________________ ________________________

  19. #19
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    Default Re: Interesting article

    Quote Originally Posted by mdh View Post
    The book has been out for awhile, and thoroughly reviewed:
    Jawohl - Austrian Ecomonics, Freedom, and Peace

    Some "alternative" reviews:

    Winner of the Lillian Smith Book Award
    Winner of the Los Angeles Times Book Prize
    Finalist for the National Book Award
    The Nation's "Most Valuable Book"

  20. #20
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    Default Re: Interesting article

    Quote Originally Posted by birlinn View Post
    Realism?
    I agree.

    Quote Originally Posted by Keith Wilson View Post
    But it isn't; not even close. I don't do whatever is to my material advantage that I can get away with, no matter how despicable. I doubt you do either. That simply isn't how most people behave. Sociopaths, and those with some kinds of personality disorders, but not most of us.
    Benign neglect. Indifference. It takes very little to take advantage.

    It takes vary little to place the blame on the few who we let take advantage.
    Life is complex.

  21. #21
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    Default Re: Interesting article

    MacLean - piercingly brilliant
    Buchanan - son

    Try: How Democracies Die

    Or a series edited by Linz, IIRC. Most South America. I've not read the one re Europe. Hard to get.

    Try also: On Tyranny by T Snyder. I bought ten copies and distributed it, anonymously, amoungst a number of my right-wing friends. One guessed it came from me.

    "My you live in interesting times."
    "Congress doesn't regulate Wall Street, Wall Street regulates Congress."

    MAKE WAY! MAKE WAY! "I have heard of some kind of men that put quarrels purposely on others."

    As a general rule, the better it felt when you said it, the more trouble it's going to get you into.

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  22. #22
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    Default Re: Interesting article

    MacLean - piercingly brilliant
    Buchanan - sob

    Try: How Democracies Die

    Or a series edited by Linz, IIRC. Most South America. I've not read the one re Europe. Hard to get.

    Try also: On Tyranny by T Snyder. I bought ten copies and distributed it, anonymously, amoungst a number of my right-wing friends. One guessed it came from me.

    "My you live in interesting times."
    Last edited by Ed Harrow; 06-30-2019 at 05:16 PM. Reason: Correcting auto correct
    "Congress doesn't regulate Wall Street, Wall Street regulates Congress."

    MAKE WAY! MAKE WAY! "I have heard of some kind of men that put quarrels purposely on others."

    As a general rule, the better it felt when you said it, the more trouble it's going to get you into.

    International Financial Conspirator, Collaborator, Gun Runner, Ace Philosopher-King and all-around smartie pants

  23. #23
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    Default Re: Interesting article

    Quote Originally Posted by Keith Wilson View Post
    We need a simple irrefutable blood test for sociopaths. Then we can pass laws keeping them out of positions of power because of their handicap, just as you wouldn't let color-blind people be interior designers or deaf people musicians.. You score less than 2 on a 1-10 scale of empathy, sorry, no soup for you; you're forever excluded from any job that has power over other people's' lives.
    .
    Shades of Minority Report, and all the entanglements that engendered.
    There's a lot of things they didn't tell me when I signed on with this outfit....

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