Archives for posts with tag: capitalism.

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Yesterday I shared this picture on FB.

One of my friends asked me:
“How do you define “greed”. In the movie “Wall Street” Michael Douglas has this great speech saying that “greed is good” meaning that passion for things in life is good. Where is the line between greed and passion? Does that line look differently depending on where you are in the deal chain?”

This was my answer:
“This one is simple.
If you are willing to do your best in order to get something then you’re passionate ABOUT that something.
If you are ready to ‘step on corpses’ to reach your goal then you are ‘greedy’ FOR that something.”

Another friend commented:
“Well I have a problem with this; the Catholic church is one of, if not the richest organization in the world, how does the pope plan on distributing the assets? The church generally asks for 10% of your income to be ‘donated’; not mandatory but one of the heftiest taxes around. Practice what you preach.”

Me again:
“It seems that Romanians have already solved this conundrum.
We have a saying that goes like this: “Do what the priest says, not what he does!” ”

Thank you guys!

David Simon, the executive producer of the Wire, has reached the conclusion that “There are now two Americas. My country is a horror show!” and then starts to discus the situation from a rather Marxist point of view. He is both right and wrong.

He is right about the world becoming too polarized for it’s own good but I don’t think he understands how capitalism and the free market really work. Nevertheless he is right when saying that the western economy took of when the existence of considerable discretionary income created a huge solvent demand for goods and services.
And it’s exactly the disappearance of that discretionary income that is pulling in the reins on the economy right now. But the solution is not to increase the minimum wage but to open the market in earnest. In other words we shouldn’t make McDonald’s pay more its employees but somehow make it possible for those employees to quit their jobs at McDonald’s and open some new businesses of their own.

It should be a must and not at all an oxymoron.
Morals were a time sanctioned method of getting along with the others which was based on religious precepts.
In time people understood the benefits of cooperation versus thuggery and thus the need for the religious backup disappeared. Ethics were born.
Nowadays some try to convince us that life is a zero sum game (it isn’t) and that ‘ethics are for the faint hearted’.
Not true. This conviction arises from falsely understanding the Darwin’s natural selection as the ‘survival of the fittest’!
Ernst Myer demonstrates clearly that this is absolutely wrong: ‘what is “the fittest” ?’ ‘You can be ‘fittest’ only by taking into account one or more parameters but those parameters might never describe completely a situation. Moreover ‘situations’ have a knack for changing so becoming the ‘fittest’ is a useless performance. In NNT’s terms is a (futile) attempt at robustness. Mayr says that in reality natural selection is about the demise of the unable to adapt. (Ernst Mayr, What Evolution Is).
Now is anybody naive enough to believe that one can adapt to new circumstances solely by oneself, without any outside help? And what help can one expect while finding oneself alone in a corner after a long enough spell of behaving unethically?

 

PS Thanks Vince Pomal for the very interesting question!