How Economists Tricked Us Into Thinking Capitalism Works
Our species has survived through caring and sharing, not competing in markets as economists claim.
{Studies have shown that economics students are much less likely than other students to donate money that was given to them into a common pool; that they are more likely to “freeride” and are also more likely to defect than to cooperate; that they are more likely to participate in deception for personal gain; and even that they are more likely than their peers to rate greed as “generally good,” “correct” and “moral.”}
Be assured, people like Bill Gates, Jeff Bezos, Mark Zuckerberg, add any millionaire/billionaire here, or vast number of philanthropy foundations, NGO's, etc, and as I have posted before, especially of the 3 names mentioned above, these entities do a vast majority of harm to society. Their donations to society are a facade meant to cover the actions the media rarely covers to glorify them, while their foundations are use to destroy communities around the globe and promote products that slowly kill us. Those 3 are particularly players in a large part of surveillance programs for our government and presently attempting to control all information to stifle dissenting establishment views. To keep up on these issues [rt.com]
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Feel free to reply to any comment by clicking the "Reply" button.I had a discussion yesterday with guy who retired as a multi millionaire at 49 (15 yrs ago). He was a pharmacist who got into sales for a large pharmaceutical company right after he graduated.
He was extolling the wonders of capitalism. I pointed out to him that there is no such thing as true capitalism in the US. What the US has is crony capitalism and a totally corrupt financial system.
callmedubious
Level 8
Jan 6, 2020
2
Professor Cipolla's "5 Basic Laws of Human Stupidity" -
FrayedBear
Level 9
Jan 6, 2020
1
I have just opened my emails and contained in one from the Victorian Trades Hall Council is an appeal for volunteers and money for Victorian Bushfire Relief. Interestingly it is stated that relief agencies have been overwhelmed with donations of personal items such as clothing and therefore money is requested.
Here are the two links:
And
[communityenterprisefoundation.com.au]
Whilst sympathetic to the plight of many, in sceptical mode, I ask if this volunteering of labour and money is in fact assisting the economics of stupid people, insurance companies and governments particularly right wing governments intent on union bashing ones. Is this yet more proof of the shoring up of the premise espoused in the above article posted by @William_Mary?
FrayedBear
Level 9
Jan 6, 2020
1
Often the problem with food and material donations are the vast amount brought it. Storing the over load becomes costly, food becomes rotten, the earlier issue becomes nest material while rodents feast on the latter issue.
Then comes the fraudulent conduct of private foundations and philanthropies. In which 2 places of more recent history you might now be thinking of Haiti and Puerto Rico.
Waste of money within known aide foundations via over paid CEO's and area managers. Pick yours very carefully! Often unorganized while in effected areas where people who need help the most don't get it, and or, biased application is the chosen pattern.
Which way do you go?
@William_Mary Like a certain actor living in Australia, one whose family according to a New Zealand Prime Minister increased the average IQ of both New Zealand and Australia by moving to Oz when he was 4, I choose to stay at home and as usual my support will be for and through the local charity shops.
@William_Mary I have just posted "Now here's a novel way to possibly donate to Australian Bushfire Victims."!
For 50,000 years Australian aboriginals have survived in a frequently harsh unforgiving climate. During that time controlled burning of the bush by them prevented the devastation that I recently read has devastated an area the size of Italy and is still burning.
Finally a corrupt godbothering Prime Minister stating more prayers are the answer is pretending to throw some money at the people who have been burnt out. It does not answer the inherent Australian problem of expectation of building anything without a solid foundation and failure to recognise that for progress to be made all citizens have to be enabled to gain the same progress. For example private property owners have money thrown at them to install solar energy plants. People who do not own property are not given the same advantage for free electricity.
FrayedBear
Level 9
Jan 6, 2020
2
$$$ are not the only measure of wealth. Australian aboriginals traditionally do not have personal ownership & therefore have no concept of theft. The concept of the trading cooperative devised to help workers defeat employers and private company exploitation only fails when individual members wish to gain greater advantage for themself or their family over other members. The latter being one reason for intertribal warfare amongst Australian Aboriginals.
Some years ago the socialist government under Kevin Rudd to avoid the devastation of the recession caused by the American sub prime mortgage failure paid every adult citizen $1000 to spend as they chose. Australia I believe was one of the few countries to not be badly affected.
FrayedBear
Level 9
Jan 6, 2020
2
It makes sense. Competition is at the heart of capitalism. Sharing or caring or sympathy is not inherent to competition. It's the exact opposite. Your opponent is your enemy. I don't know about you, but if I have an enemy, I'm not compassionate towards them. Capitalism is inherently selfish and aggressive. You're always trying to "beat" someone. You want that raise? Promotion? Need to make your quarterly goals? Need to take over that top spot for market share for your company? You want to see your enemy fail. The rich and powerful always want more of each. It's their drive, otherwise they wouldn't be rich and powerful.
Piece2YourPuzzle
Level 8
Jan 6, 2020
2
That was my failing! I reached the top of my field of engineering by age 33. I entered Canada with the highest academics in my field in my year so getting to the top was not hard. But I encountered corruption at the top and I hated that. I had no interest in competing. I did not have to but I hated hiring and firing as I found it uncaring and often beastly. At age 35, despite a huge salary, I dropped out and became a hippie back to the lander. I made no money for 30 years but I had a wonderful life away from all that competition and back stabbing. One of my brothers did the same at age 27 but he went on to found a business which must have been worth 2 million euros at his death. He mostly employed hippies! Neither of my other siblings (I am the least clever of them) went into the rat race but financially did very well.
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