Theme: Institution

  • myth of investors as owners – why companies distribute the minimum possible prof

    http://www.capitalismv3.com/index.php/2011/09/the-theory-of-the-firm-as-selfishness/The myth of investors as owners – why companies distribute the minimum possible profits to shareholders.


    Source date (UTC): 2011-09-26 09:46:00 UTC

  • Acquires Cactus Commerce: Forrester Analyst Brian Walker Gets It Right. 🙂

    http://blogs.forrester.com/brian_walker/11-09-06-ascentium_cactus_commerce_and_the_evolution_of_commerce_systems_integrators_agenciesAscentium Acquires Cactus Commerce: Forrester Analyst Brian Walker Gets It Right. 🙂


    Source date (UTC): 2011-09-07 19:14:00 UTC

  • (Someone asked me over fb chat to address this issue due to high activity. Here

    (Someone asked me over fb chat to address this issue due to high activity. Here it is.)

    RE: Separation of Church And State.

    1) It Is a rare in history – and very questionable. Why? Because religions propagate the norms. Norms are ‘costs’ you and I pay by forgoing opportunities to do something we would do if there were not such norms. Norms form dependent networks. These norms are economic principles. Competing norms are effectively theft from one group to another. In effect religions and norms create competing sets of ‘laws’ and competing ‘economies’. Christianity is very ‘special’. The west is ‘special’. it is special because it’s early battle tactics required warriors to provide their own equipment and retinues, and to follow cooperative and individualist battle tactics. As populations grew, they needed to increase the number of soldiers – enfranchisement of more and more people. In trying to keep the ‘east at bay’ the ‘poor minority’ in the west created the ‘fraternal balance of power’ model. From that balance of power, came debate among equals. From debate among equals came logic and rhetoric. From rhetoric philosophy and from philosophy science and the politics of the balance of powers – in effect individualism. From individualism came property rights. From property rights came economic prosperity. That’s why the west is special and is propagating capitalism all around the world. Capitalism means “mass participation in mass production for mass consumption”.

    2) The purpose of Christian Monarchies was to allow the church to unite the germanic tribes so that the (evil) East could be kept ‘at bay’. Christendom is a means of preserving european independence from eastern conquest. The average westerner does not understand this reason and attacks christianity on logical rather than utilitarian grounds. The post medieval monarchies were ‘private governments’ that had public institutions – and they relied upon the balance of powers and the gold standard for self regulation. THis appears to have been the best form of government invented by human beings to date. (I can argue this on very technical grounds if I need to.) It may not be clear that the western church was always poorer than the eastern church and that the west really fell because of the mohammedans (islam), when they conquered byzantium, disrupting mediterranian trade, and creating a shortage of coinage. The plagues prior to this period were no help either. THE WEST is an attempt for individuals to keep the decadent (mystical) east at bay.

    3) The enlightenment purpose for separating church and state was enacted for two reasons. a) because the colonies did not want to ‘weaken’ religiosity with a diluted and dispassionate state religion. Their purpose wasn’t to keep the church out of the state. It was to prevent the state from weakening the moral and religious structure of society. b) when the industrial revolution started in the 1700’s, and people moved to factory-cities, the churches combated alienation, and provided social services that were needed due to dislocation and disenfranchisement. The thinking at the time was that the state needed all these little sects to make people feel at home – a community center – and that the state was incapable of providing the service. So supporting multiple CHRISTIAN SECTS was desirable. There is absolutely no evidence that the framers were anything other than devout – in the sense of the time – which prior to Darwin, mean that mythology was a thing, and science was a thing, and they’re just ‘different things’. Fundamentalism (including state fundamentalism – the religion of state worship) is a reaction to darwinian attacks on mythology.

    It is very likely that everything you currently think about your existing government and the governments that came before it, consists of intentionally created and distributed political propaganda that was used to discredit the monarchy and the church so that the middle and lower classes could take over the government and use it to profit from the newly discovered north american continent. It was a profit seeking land grab. Constitutional, Multi-house, Monarchies were the best form of government ever invented by man. Because they reflect the social structure of society, and they force the social classes to cooperate rather than compete for spoils of self destruction.

    Democracy is the god that failed. It is an even worse god than the monarchic one.

    I hope this helps with the discussion.


    Source date (UTC): 2011-09-02 16:28:00 UTC

  • Just listening to a Dunkin Donuts franchisee complain about the company’s ethics

    Just listening to a Dunkin Donuts franchisee complain about the company’s ethics. Aside from the fact that he’s obviously a lousy business man, maybe he should have read franchise law (I did, every word of it, in the early 80’s when I was selling franchises at another company). Dunkin Donuts is the REASON we have franchise law. If it’s a scam, they’ve done it.


    Source date (UTC): 2011-08-23 13:09:00 UTC

  • Dell is a better fit culturally for MSFT. But Dell has a strong server business.

    Dell is a better fit culturally for MSFT. But Dell has a strong server business. MSFT’s problem is laptops. Not Servers. ie:HP.


    Source date (UTC): 2011-08-19 15:38:08 UTC

    Original post: https://twitter.com/i/web/status/104577898203185152

    Reply addressees: @iankennedy

    Replying to: https://twitter.com/i/web/status/103104056574218240


    IN REPLY TO:

    @iankennedy

    “The situation is akin to Microsoft buying Dell: Would HP and others be happy about that?” http://t.co/vrCfkYa #googorolla

    Original post: https://twitter.com/i/web/status/103104056574218240

  • Am I slow: Why DOESN”T MSFT buy HP’s PC biz? Dell is a better fit. But why not H

    Am I slow: Why DOESN”T MSFT buy HP’s PC biz? Dell is a better fit. But why not HP?


    Source date (UTC): 2011-08-19 15:34:33 UTC

    Original post: https://twitter.com/i/web/status/104576997321216000

  • will now certainly go to the Supreme Court. The structure of Obamacare is meant

    http://online.wsj.com/article/SB10001424053111904006104576504383685080762.htmlObamacare will now certainly go to the Supreme Court. The structure of Obamacare is meant to destroy the public system and drive us all to state run health care. I’m all for subsidizing the poor. I’m not in favor of state run ANYTHING.


    Source date (UTC): 2011-08-12 13:48:00 UTC

  • The state evolved to finance war. (Thank you Napoleon.) But a city is a market.

    The state evolved to finance war. (Thank you Napoleon.) But a city is a market. A market is a community of common interest. Beyond that, languages each imply metaphysical reality, and manners, ethics and morals imply the rules of human coordination.

    Small is better. More peaceful. More prosperous. More egalitarian. If you want a ‘community’. It has to be small.


    Source date (UTC): 2011-07-31 08:08:00 UTC

  • returns customer funds so that he can avoid the new regulatory scrutiny put in p

    http://www.businessweek.com/news/2011-07-26/soros-returns-client-money-to-end-four-decade-hedge-fund-career.htmlSoros returns customer funds so that he can avoid the new regulatory scrutiny put in place by the Democrats.


    Source date (UTC): 2011-07-26 22:47:00 UTC

  • Conservatism Is Not An Ideology: Why The Tea Party Declines In Influence

    Tyler Cowen, while at a Conference in Israel, posts : “The influence of the Tea Party seems on the decline.” But that doesn’t mean what most people will take away from it. I’m sure Tyler knows this, but other people may not: Movements need ideologies. All ideologies are progressive. Tea partiers are conservatives, and conservatives don’t use an ideology. Conservatives NEED an ideology. They need a means of competing against creeping totalitarianism and socialism. They need a fully rational framework that proposes a fully rational system of government. WIthout that framework, they rely upon tradition, history and moral arguments. They rely upon the constitution, the founders, and law. And they have failed because of those forms of reliance. And they have lost by relying upon something that they appreciate, and value, but largely do not understand how to advocate through science, logic and reason. Today, Conservatism is not an ideology. Conservatism is a sentiment at the very least, and a philosophy at the very most. But it is not an ideology. It prescribes no program. It simply sets hurdles by which changes should be implemented due to the limits of human reason. PHILOSOPHY Conservative philosophy consists of a very simple set of propositions: 1) Human reason is something to be skeptical of at all times. History and tradition are the tools by which we test our ideas and protect ourselves from hubris. 2) Because reason limited, change should be accomplished through merit in the market by people who conform to established moral codes, and are humble about their accomplishments. 3) People who attempt change by political means are charlatans who want to take from hard working people in order to glorify themselves. SENTIMENTS And Conservatism consists of a limited number of sentiments: 1) Long term group persistence: This is a primitive human sentiment that encourages some portion of the population to give very high regard to saving – concentrating all forms of capital. It is universal to all societies. Some authors express Group Persistence as “loyalty”, which attributes only arbitrary emotional meaning to what is an important evolutionary strategy. 2) Hierarchy as a form of natural order. Hierarchy is mistranslated as obeying someone, rather than what it really means to conservatives is that “People are very different in knowledge and ability. Even if they have similar abilities they have differences in knowledge, and upbringing that mean some people are better at some things than others.” Conservatives do not see ‘following a leader’ as anything other than a practical necessity driven by the differences in human beings. There are three other universal human political sentiments: 3) Fairness ( Reciprocity and it’s corollary Fidelity / Sincerity) 4) Nurture / Training : Taking care of others and protecting them from harm, and the objective corollary “training” and “educating”. 5) Purity. Avoidance of unclean foods, habits, places and thoughts. Conservatives place equal value on all five of the sentiments (See Jonathan Haidt.) Progressives give their entire moral and emotional weight to just two sentiments: Nurture and Fairness. Conservatives have a more complex problem, becuase they place equal weight on all five values. SENTIMENTS VERSUS PHILOSOPHIES Thomas Sowell, in his two works on political differences “A Conflict Of Visions ” and “The Vision of The Anointed”, states that the only substantial difference between conservative and progressive philosophies is in their assessment of the potential of human reason. Progressives: The Unconstrained Vision Or the “Utopian Vision”. In Sowell’s opinion, the unconstrained vision relies heavily on sweepingly optimistic assumptions about human nature, distrust of decentralized processes like the free market, impatience with systemic processes that constrain human action. Sowell often refers to them as, “the self anointed” people with a progressive political view. Conservatives: The Constrained Vision Or, the “Tragic Vision”. Sowell argues that the constrained vision relies heavily on a reduced view of the goodness of human nature, and prefers the systematic processes of the free market, and the systematic processes of the rule of law and constitutional government. It distrusts sweeping theories and grand assumptions in favor of heavy reliance on solid empirical evidence and on time-tested structures and processes. My view is that progressives get a discount on intellectual labor by artificially simplifying the problem of social orders, and that they justify their simplification by taking emotional pleasure from the fact that involuntary transfers are forced between producers and non-producers. Conservatives simply account for more variables, and therefore are more pessimistic in the face of complexity. Furthermore, conservatives see involuntary transfers as failing to train people, not taking care of people. HERITAGE Because english heritage is european, and european heritage is Aristocratic, conservatism favors the aristocratic system of politics. Aristocratic politics is fundamentally military and hierarchical in it’s view of the world. Aristocracy can be loosely translated as “a system of order for controlling and holding a body of land.” The first principle of aristocracy is the Fraternalism. That is, the idea that each of us has his home or farm or Manor (plantation), and that we gather together to create a market, and a city around that market, and defend it together. But that we do not, under any circumstances, surrender our sovereignty over ourselves or our land. This is what makes the west unique: cities are the result of fraternal cooperation by land owning warriors who are required to supply their own arms, equipment and soldiers. In other words, cities were joint stock companies. Aristocracy is not limited to a social or economic class. There are plenty of people, males in particular, in the middle and and upper proletariat classes, that are intuitively practitioners of aristocratic sentiments. Freedom, as it is used in libertarian circles is the remnant of aristocratic philosophy. As such, the sentiment of conservatism has been confused with the philosophy of aristocracy, and the political system of classical liberalism. Sentiments, Philosophies and Political Systems are three different things. RIGHT AND WRONG CONSERVATISM There are good conservative ideas and bad conservative ideas. Southern conservatism over the elimination of slavery was obviously a self-interested bias masquerading as conservatism. Anti-communism and anti-socialism was clearly the correct proposition given the hundred million people it murdered, and the prosperity that the world has achieved by adopting consumer capitalism. Even McCarthy turned out to be right about quite a few things, after all. Conservative concerns over immigration will very likely play out as correct – the nation will divide either gracefully or violently at some point in the next century. Conservative preferences in health care are only that if it’s to be done at all, it should be done without expanding the government bureaucracy. And conservatives are right on that issue as well. SUMMARY Conservatism is not an ideology. It is a skeptical philosophy that has biological, historical, and rational philosophical origins. The Tea Party, as a conservative movement, does not seek power. It seeks to prevent radical changes to the social order that are conducted in hubris, and where the consequences are dire.