Wealth, Centralization and Risk.
Once upon a time, there were people and there was nature. One had to make provisions for food, shelter, necessities and luxuries — either oneself or via one’s social influence over others, e.g. family members. The measure of wealth corresponded to the degree of control one had over their circumstances, their surroundings and their property.

There was also then a natural limit or ceiling to one’s wealth — there’s only so much food, shelter or property one could personally accumulate and there’s only so many family members or friends one could reliably trust over the course…

The proponents of stakeholder capitalism, which seems to be in vogue lately, consider it to be a benevolent, virtuous, superior, and even “ideal” setup for society and the corporate world. But they are dangerously mistaken.

Here’s the latest thought-piece evangelizing this view again:

This is a dangerous proposition simply because it engages in deception. To advocate for “stakeholder” capitalism where the stakeholders don’t own equity or direct ownership is equivalent to advocating for an inefficient, lethargic and corrupt bureaucracy to “take care” of the stakeholders on behalf of the real owners, probably with the help of elected politicians. Collective ownership…

Listening to George Gammon’s interview of Mike Maloney today, it occurred to me that the obvious claim that the federal government is insolvent with $27 trillion in debt and only ~$3 trillion in assets — this isn’t entirely true the way it’s implied.

The numbers are correct, but if the government was really that insolvent, we’d see drastically different events unfold as a rational reaction to that in the global marketplace. …

To start the year 2016, there are some very refreshing and interesting viewpoints in Paul Graham’s latest essay — The Refragmentation, Jan 2016.

It has many deep ideas that will need further reading and pondering over to fully digest the nuances of its implications, but here are five (quoted) ideas that I find particularly noteworthy and interesting.

1. The social, economic and cultural cohesion among people in the last century was an anomaly.

Paul contends that the polarization and fragmentation among people in today’s world — think politics, income inequality etc. is caused “not by some force that’s pulling us apart, but rather the erosion of forces that had been pushing us together.” …


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