James Vaughn • Roger, the middle 1800’s were a great time for social-political-economic thought. If it wasn’t for the lack of proper sanitation, I might have enjoyed living then. I lament that we, as a society, seem to have lost the sense of social discussion that was so a part of the world between 1860 and 1960. The 21st Century begins to look like a world populated mostly by conmen and accountants.
Roger Lewis • “James Vaughn • There is a fine line between capitalizing on a trend and being consistently late to the market. Financially Engineering consistent and above average business success is far more complex than rocket science.”
James I agree with you it is no more complicated than very good luck or Fraud, take your pick the laws of chance preclude the former so it is usually the latter and this from John Ruskin, Unto this Last 1860, Critique of Classical Political Economy.
Pardon me. Men of business do indeed know how they themselves
made their money, or how, on occasion, they lost it. Playing a
long-practised game, they are familiar with the chances of its
cards, and can rightly explain their losses and gains. But they
neither know who keeps the bank of the gambling-house, nor what
other games may be played with the same cards, nor what other
losses and gains, far away among the dark streets, are
essentially, though invisibly, dependent on theirs in the lighted
rooms. They have learned a few, and only a few, of the laws of
mercantile economy; but not one of those of political economy.
“The 21st Century begins to look like a world populated mostly by conmen and accountants.”
James add in Lawyers and Bankers and you have a description of The Corporate Oligopoly and Middle Ground two party politics, That is the Lot of the people at the Beginning of the 21st Century.
We have the Potential to mark the beginning of the 21st Century with a New Renaissance
or we could mark it with a descent into a Carbon Taxing Dark ages.
The Internet might just be the means to a world in which Wealth really is “The Possession of the Valuable by the Valiant” in the sense and context in which Ruskin developed it.
the quo plurinum possett for money as a means of exchange can not be realised where it is adulterated to the modern extent, no touchstone of economics can accept that the current tyranny is widely beneficial , indeed it is most unwise.
On Human and entrepreneurial ingenuity I agree with the original premise in this article move forward innovate and improve as Keynes said “if the facts change then so do my opinion”
Our Men Turin and Godel Gave us two great gifts we are only now slowly realising the profundity of.
The Computer is a very good way of keeping score and Money is no more than that and Stuff is made up of bits. And Godel gave us infinity, it drove him mad but should make all of us more humble.