Curt Doolittle

Theme: Productivity

  • What Is Capitalism’s Fundamental Flaw?

    CAPITALISM DOESN’T HAVE A FLAW – IT’S INSUFFICIENT

    It’s a necessary tool for cooperating in a vast division of labor. Humans are not all that meritocratic by nature, and don’t like lotteries.  And capitalism is a necessary, meritocratic, lottery.

    It isn’t just. It isn’t fair. It’s just necessary.  So how do you take what’s necessary and then on top of it, make it somewhat just and somewhat fair?   That’s what we’re always trying to do. It’s just that government as we currently know it, isn’t a very good way of doing that.

    There is a very big difference between fair and desirable.

    https://www.quora.com/What-is-capitalisms-fundamental-flaw

  • What Is Capitalism’s Fundamental Flaw?

    CAPITALISM DOESN’T HAVE A FLAW – IT’S INSUFFICIENT

    It’s a necessary tool for cooperating in a vast division of labor. Humans are not all that meritocratic by nature, and don’t like lotteries.  And capitalism is a necessary, meritocratic, lottery.

    It isn’t just. It isn’t fair. It’s just necessary.  So how do you take what’s necessary and then on top of it, make it somewhat just and somewhat fair?   That’s what we’re always trying to do. It’s just that government as we currently know it, isn’t a very good way of doing that.

    There is a very big difference between fair and desirable.

    https://www.quora.com/What-is-capitalisms-fundamental-flaw

  • FOR ENTREPRENEURSHIP IN UKRAINE Defensive lament on the predatory bureaucracy

    http://romaninukraine.com/a-conversation-with-a-restaurant-manager/STRUGGLE FOR ENTREPRENEURSHIP IN UKRAINE

    Defensive lament on the predatory bureaucracy.

    Source date (UTC): 2013-07-20 12:40:00 UTC

  • FINALLY GETS ON BOARD I guessed china woukd hit the demographic wall in 2010. I

    http://www.nytimes.com/2013/07/19/opinion/krugman-hitting-chinas-wall.html?hp&_r=0KRUGMAN FINALLY GETS ON BOARD

    I guessed china woukd hit the demographic wall in 2010. I was wrong.

    But a three year margin of error is good enough.

    Who called it first?

    Austrians.

    Source date (UTC): 2013-07-19 13:04:00 UTC

  • The Pareto Principle In Everything

    1% of people cause everything, and that 1% own 20% of everything 19% of people control everything and own 60% of everything by taking cues from the 1%. 80% of people are labor or consumers who own 20% and are directed by by the 19%. It’s not just america. It’s everywhere. It has to be that way, Because that is now knowledge is organized. And that’s partly because how IQ is distributed.

  • LAZIEST PEOPLE IN THE DEVELOPED WORLD? United Kingdom : 63.3% inactive. Followed

    LAZIEST PEOPLE IN THE DEVELOPED WORLD?

    United Kingdom : 63.3% inactive.

    Followed by Japan at 60%, and

    trailing are the Italians at 54.7%, and

    the Irish: 53.2%.

    Does anyone know if this data is supportable?

    Never looked into this data before. Fascinating. 🙂

    Source date (UTC): 2013-07-16 10:20:00 UTC

  • PERSPECTIVE “Less than 0.25 percent of all the companies listed in the world rep

    PERSPECTIVE

    “Less than 0.25 percent of all the companies listed in the world represent around half the market capitalization, a less than minuscule percentage of novels on the planet accounts for approximately half of fiction sales, less than 0.1 percent of drugs generate a little more than half the pharmaceutical industry’s sales — and less than 0.1 percent of risky events will cause at least half the damages and losses.” – Taleb

    Average people and average things don’t really ‘matter’. It’s the radical outliers that make the difference. Because they actually make a difference.

    The economy is much scarier and fragile than absurd positivist progressive economists argue.

    Source date (UTC): 2013-07-07 10:49:00 UTC

  • Only 47% of Adults Have Full-Time Job All we have done is replace men in service

    Only 47% of Adults Have Full-Time Job

    All we have done is replace men in service and clerical labor with women. In doing so created the single mother family unit as the most influential voting block. And increased inequality by increasing the vast number of single income single parent households at one end and double income double parent households on the other.

    The nuclear family is the only “equality” possible. :).

    http://www.breitbart.com/Big-Government/2013/07/05/only-47-americans-have-full-time-job

    Source date (UTC): 2013-07-06 05:45:00 UTC

  • The American economy is the housing economy, right? There isn’t really any recov

    The American economy is the housing economy, right? There isn’t really any recovery on the productive side. There is just a recovery in housing prices, and taxes on housing? (I think I”ve got that right… )

    Source date (UTC): 2013-07-01 11:28:00 UTC

  • A QUESTION ABOUT DIVERSITY Why is an unlimited diversity of NORMS desirable, but

    A QUESTION ABOUT DIVERSITY

    Why is an unlimited diversity of NORMS desirable, but an unlimited diversity of INCOME undesirable? Is there no relationship between norms and the production of income? So then, why not a redistribution of norms in exchange for a redistribution of income?

    If trust declines as diversity increases, and wealth decreases as trust decreases, and people demonstrate a clear desire for consumption, and consumption requires wealth, and most consumption requires redistribution, then why is diversity ‘good’ if it makes us less trusting of each other, poorer, and less able to redistribute?

    🙂

    Source date (UTC): 2013-06-29 03:52:00 UTC