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Get pre-market outlook, mid-day update and after-market roundup emails in your inbox. Market in 5 Minutes. Daily Analyst Rating. Thank You. Trending Recent. In societies like the US that have a very rugged individualist nature a pure free market sounds good but just does not end up working that way because of human nature. We are not rational animals sorry Ayn Rand.
Only in a rationalist utopia can either pure communist or capitalist ideas flourish.
Give us about 10, more years of evolution and personal growth work as a society and we can maybe consider it. I do feel that both Marxism and Capitalism, for them in order to work, must have some certain assumptions about human nature. And that's where those theorists came to a dead end and knowledge from other fields such as psychology and sociology would come into play. And I find it pretty strange that throughout history, on one side - nature science - maths, physics, chemistry, etc.
Perhaps back in the past, what hindered us humans the most were resources and technologies, and so nature science was the prominent force. Back to Marxism and capitalism, I dug around the comment section of another youtube video feel free to ignore the content of the video itself as the guy didn't know what he was talking about and found someone used an analogy to criticize Marxism as followed for the sake of convenience, the commenter is Frank Von Rassler, let's hope that he wouldn't change his username by the time you want to search for it :.
I use the grades analogy with my leftist Silicon Valley students. I teach at a upper middle class neighborhood high school. I say I will award a C to all, in the name of equality, to every student.
Those that try hardest will have their grades confiscated and their surplus will. Be given to less fortunate students. They don't like that a bit. I ask.
The answer is usually why even try. So, I ask what will the people who never try do? They will work even less they answer. And those who usually care about their grades? They will stop at the c level or just completely. What will the overall product of the class be by the end of the year?
A waste of time they respond. At first glance, its reasoning looks pretty good, right?
Perhaps, but one thing that I learned from Scott Adams again is that while analogy is good for explaining stuff and persuading people, it can't be used as an argument. And as expected, another guy explained while the analogy fails the guy is Natanael Lizama, he replied to the guy I mentioned above :. This analogy fails because we are built to work and find meaning in work and being productive NOT in getting grades. People get grades as an artificial part of a system where getting grades is the perceived TOOL for a better life not an actual component of a better life.
Work itself is the component for a worthy life. It's ironic to suggest that people work for money and to think that the most productive class of citizens are the wealthy because it's a contradiction: Wealthy people don't need the money, so why do they work?
Because it gives purpose and meaning to them, because they can give to their society and because it's in-built in all cultures.
Yet, if on the poor people you remove the need factor people will choose to work in what they are naturally good at and they perceive to be useful, even if it may not make much money because of cultural reasons for example writers have been historically the head of the spear in cultural changes, yet, historically they have also been very poor.
There are poor musicians who create better art than say marketing products of a manufactured consent. You also would then need to explain capitalism to the students and I won't think they would agree, because by definition the product of the work is given to another student. Tell them whether they would like for them to receive the education but the actual education or grades were to be given to another student. Would they find that fair? The discussion went on for quite some length, Natanael Lizaman repeatedly and successfully countered all the arguments on the other side.
It was evident that this guy was no ordinary nerd.
He understood well enough both Marxism and capitalism to clear all of my doubts. Well, at least that's what I thought, feel free to go see and make your own conclusion. This recalls me of the time when I was taught Marxism in university. I doubt my lecturers back then could even explain as well as that guy. If only the education system had been better, perhaps I'd have enjoyed university more. And I bet very few people of authority in our country or even in China can actually understand Marxism. It's quite hilarious when something like this happens:. So, as much information floating around as we have now, we are becoming less knowledgeable for some reason.
It seems that all the important information gets pushed out of our attention span. Instead, we seem to be interested in the catchy titles in mainstream media and such. As a result, we have less control over what information we choose to take in - in fact, it's happening the other way around: we are being controlled or rather, directed by information. There's some hidden force at play here, a force that marks the rise of Jordan Peterson and Donald Trump.
And as I learned from Scott Adams, I finally knew what it is: persuasion. Let me elaborate it, first with a graph:. For a normal person without expertise in a certain subject , if he is to be persuaded, the stuff cannot be too technical, so details are often omitted to make it easy to understand. For example, everyone knows that water boils at degree Celcius and at atmospheric pressure, but few have sufficient knowledge in physics to understand the actual mechanics. On the other hand, people can be persuaded to believe in something without any technical truth at all, sometimes they even believe in an obvious lie.
If you're exposed to the talks of those people first-hand without the slightest bit of skepticism, you'd probably believe in anything they say. Coupled with their great public speaking skill and confidence, their words carry immense power. And word is the greatest weapon in the history of mankind, as I already emphasized repeatedly.
And as Scott Adams put it nicely: Facts don't matter. I … blog. The cranes are endlessly appealing to me. I wish there was a touristy option that allowed people to climb one or interact with one. They are so cool! We walked around the Ferry Building, grabbed food from 3 different shops, and had a little picnic by the water. Then we took the ferry back to Oakland. By then, the day had really heated up, and we were all craving a dip in some cool water.
Ben Blair remembered Lake Anza. Really lovely. The water was cold! Perfect for the hot day. On the way home, we stopped to watch the sunset, and picked up pizza for dinner. Oh man. It was just a really, really good day. Nine workouts so far. I have historically not liked going to the gym at all, so nine days is something! I told myself that if I workout for four weeks, my reward will be a new workout getup. All from 30 feet above the ground!
BUT the link is only live for 24 hours. The video will expire and disappear around p PST. I loved reading it. Highly recommend! Book club is tonight — should be a fun gathering. Feel free to comment on any topic above — or consider this an open thread and bring up a completely different topic. Have you heard of Albion workout clothes?
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Random Thoughts n' Lotsa Coffee is not your traditional self-help book. One aspect that I felt immersed in growing up in L. As long as the difference exists, capitalism will continue to live. Thereby preserving and redeeming everyone? If we were to interview students nowadays and ask what are Vietnam's advantages in the world, "cheap labor" would probably appear here and there. Thankyou Gabby for posting this and your words on facebook, as a committed Atheist I find it hard to understand the treatment by religious groups of those who need our help and understanding. This may….
Glad to know you recommend them!