713 karma · joined November 4, 2018
They may not be paid to stay home, but they are paid to stay the hell out of the way of anything that could affect the smooth running of the business.
>"I divide my officers into four groups. There are clever, diligent, stupid, and lazy officers. Usually two characteristics are combined. Some are clever and diligent -- their place is the General Staff. The next lot are stupid and lazy -- they make up 90 percent of every army and are suited to routine duties. Anyone who is both clever and lazy is qualified for the highest leadership duties, because he possesses the intellectual clarity and the composure necessary for difficult decisions. One must beware of anyone who is stupid and diligent -- he must not be entrusted with any responsibility because he will always cause only mischief."
Keeping diligent idiots out of the economy by paying them to stay at home would be far more economically beneficial than a drive to bring about full employment.
https://money.cnn.com/2018/09/07/technology/facebook-cambrid...
Looking at all the fallout from this, I'd love to know how you reached that conclusion. Even if Facebook was an entirely innocent victim of this (seemingly highly successful) attempt to sabotage and seed mistrust in US elections, then any effect on Facebook would be minor collateral damage at most.
Right from the outset this is made clear. The watch being talked about hasn't been donated to a museum of watches, it has been donated to a museum of capitalism. Even the title was chosen to make it entirely explicit where they were going with the article.
To then say that people shouldn't comment generically about capitalism regarding an article that is explicitly about capitalism, would seem a stretch too far in trying to keep this place neat and tidy.
I felt it was a bit like if everyone were to be restricted to discussing pencil manufacture, should Leonard Read's 'I, Pencil' be the topic of discussion. Yes, the text describes making pencils, but it isn't about pencils.
You are going to need one hell of a citation for that claim, or you are using some new definition of 'trust' that I have not previously encountered.
Anyone who has ever bothered to watch an ad break will be less than surprised by this.
Given that we actually have markets where people deceive each other pretty much all of the time and justify the lying as a matter of business principle, perhaps we should study those instead.
Don't get me wrong, these fictional markets are interesting, but a lot of time seems to have been wasted looking at them instead of looking at the actual economy.
So any form of arbitrage is therefore impossible. Hang on a minute...
...edited for sense
>Mr. Blum repeatedly challenged the idealistic premise of American exceptionalism and argued instead that world hegemony was Washington’s covert goal, for economic, nationalistic, ideological and religious reasons.
You shouldn't try and parse meaning from that sentence without a respirator, goggles and a crochet needle.
Would also make a good band name.
>in general, any system without structure above a certain scale is unable to withstand structure arising above that scale
The political implications of this are interesting, in this paper they look at anarchic systems ceding to structure, but it also helps illuminate some of the inherent difficulties in current events such as brexit.
edit - though it did get borked by a brew update and I had to add a different source to brew to get it back up, so is not that sane admittedly.