Agreed – Like many animals and all primates, humans form hierarchies of dominance. It is easy to recognize social hierarchies in modern life. Corporations, government, chess clubs, and churches all have formal hierarchical structures of officers. Where does it say we should strive to equal everything out so nobody has more than anybody else? And what would the cost be of trying to achieve such perfect equality?
In the spring of 1845, Karl Marx wrote, “… the human essence is no abstraction inherent in each single individual. In its reality it is the ensemble of social relations.” Marx’s idea was that a change in the “ensemble of social relations” can change “the human essence.”
“In England in the seventeenth century, almost two-thirds of land was owned by landlords and worked by peasant tenants. The previous two centuries were characterised by violent struggles between peasant tenants and landlords over the rents and fines the latter could impose on the former. It was, Brenner observed, the victory of the landlords over the tenants that created the incredibly unequal property relations that would characterise English land ownership up until the present day.”
Right-wingers defend capitalism as a system necessitated by human nature, but the market emerged out of specific historic conditions – it isn’t hardwired into our species.
“A low and stable rate of inflation helps to create a healthy economy.
The Government sets a target for how much prices overall should go up each year in the UK. That target is 2%. It’s the Bank of England job to keep inflation at that target.
A little bit of inflation is helpful. But high and unstable rates of inflation can be harmful.
If prices are unpredictable, it is difficult for people to plan how much they can spend, save or invest.
In extreme cases, high and volatile inflation can cause an economy to collapse. Zimbabwe is a good example. It experienced this in 2007-2009 when the price level increased by around 80 billion per cent in a single month.
As a result, people simply refused to use Zimbabwean banknotes and the economy ground to a halt.”
Poor Curtis “50 Cent” Jackson — they’re going to poke a lot of fun at him for that first pitch he threw at the Mets game on Tuesday, May 27th. On the positive side, Carly Rae Jepsen should feel vindicated now: Here’s another 50 Cent joke: How crazy is hyperinflation in Zimbabwe? This Econ... Read more
Totally agree, and that advantage of the information is an edge, or a crime, depending on how you use it, fro “Humans are very emotional creatures, and we make a lot of big decisions based on our emotions. A lot of those decisions usually have to do with money.”
Humans vs. Stock Market, the greatest battle that never ends. Market cycles bring a lot of emotions to investing. Let’s breakdown why avoiding emotions while investing will benefit you.
A colour photograph showing two children with their feet in the stocks at Great Torrington Museum. Behind them can be seen 2 of the old cell doors of the Lock-up.
Trina Spear, 29, graduated in 2011 with an MBA from an elite school and a hefty $170,000 in student loans. The debt was the reason she took a job in private equity rather than start her own...
Founded by ex-Googlers, Upstart goes beyond the FICO score to finance people based on signals of their potential, including schools attended, area of study, academic performance, and work history. Our proprietary underwriting model identifies high quality borrowers despite limited credit and employm... Read more
Kids need to learn about trading as much as they do about saving. The world needs to catch up with what is happening. Some kids are already winners, as this article mentions.
Should All Young People Learn How to Invest in the Stock Market?
This would be good. Especially if they were taught how to manage their shares, similar to how schools invite banks in to teach them about saving money etc. This book looks a good book for those who want to give their kids the extra opportunity of trading.
Teaching Kids to Buy Stocks: Stories and Lessons for Grown-Ups|Paperback
J. J. seeks to educate the general population in a way that can be passed down, with lessons from his own life experiences to simplify investing in a way
Like the idea in theory but careful what you wish for. Plenty of people crash out when it comes to gambling and even trading, letting them lose everything to a bank is irresponsible to say the least.
Govt bank fixed deposit interest rates 2021 in SBI, PNB, Union Bankm Bank of Baroda, Central bank of India with chart. Book FD with high interest rates in go...
Agreed, it’s more of a handy perk, rather than a God-given right. Man the Govt is useless when it comes to so many protected organizations. We should have new amendments every time we spot a flaw in the law.
Blame our stupid, lack-of-foresight constitution and its countless amendments made to try to fix it’s naivety.
“The reasoning behind making churches tax-exempt and unburdened by IRS procedures stems from a First Amendment-based concern to prevent government involvement with religion.”
By John Ferguson, Contributing Writer Updated August 2008 (Author’s note: Throughout this section “church” is used to mean any place of worship, such as a mosque, synagogue, temple, etc. It
Despite the pandemic threatening stability, world order and human development, coronavirus could result in a new era of global peace and international cooperation, writes Mohamed ElBaradei.
Data (the source of information) replaced land, not oil as the top commodity, here’s why – “Data are an asset, but merely having them does not reveal their value; it must be developed to maximize its value. The value of data is not what someone else will pay for it, it is in how you can use it.”
Being your own boss is infinitely harder than having a boss, and by infinitely (which is a pain in the ass to spell), I mean 17,929,531.9045 times harder. Exact math. The next time I hear someone say that they want to be their own boss, I'm going to take the nearest rotten pork chop and slap [... Read more
My Name is Liam Hannon, Iâm 11 years old, and I live in Cambridge, Massachusetts.  I live in an ar⦠Scott Hannon needs your support for Liamâs Lunches of Love
Should have enjoyed it while you could – now it’s gone!
Agreed – Like many animals and all primates, humans form hierarchies of dominance. It is easy to recognize social hierarchies in modern life. Corporations, government, chess clubs, and churches all have formal hierarchical structures of officers. Where does it say we should strive to equal everything out so nobody has more than anybody else? And what would the cost be of trying to achieve such perfect equality?
“In England in the seventeenth century, almost two-thirds of land was owned by landlords and worked by peasant tenants. The previous two centuries were characterised by violent struggles between peasant tenants and landlords over the rents and fines the latter could impose on the former. It was, Brenner observed, the victory of the landlords over the tenants that created the incredibly unequal property relations that would characterise English land ownership up until the present day.”
True…. but the overall cost is much higher, than if you just kept a healthy rate of inflation. you can read more here https://www.bankofengland.co.uk/explainers/what-is-inflation
such as
“A low and stable rate of inflation helps to create a healthy economy.
The Government sets a target for how much prices overall should go up each year in the UK. That target is 2%. It’s the Bank of England job to keep inflation at that target.
A little bit of inflation is helpful. But high and unstable rates of inflation can be harmful.
If prices are unpredictable, it is difficult for people to plan how much they can spend, save or invest.
In extreme cases, high and volatile inflation can cause an economy to collapse. Zimbabwe is a good example. It experienced this in 2007-2009 when the price level increased by around 80 billion per cent in a single month.
As a result, people simply refused to use Zimbabwean banknotes and the economy ground to a halt.”
That may be true for an economist, but the easiest way for politicians to do it is by raising taxes. There’s your problem.
Sorry, had to add this pic to the idea
Could go either way though. An often repeated mistake is PAYING TOO MUCH attention to new information. According to WealthDesk
Totally agree, and that advantage of the information is an edge, or a crime, depending on how you use it, fro “Humans are very emotional creatures, and we make a lot of big decisions based on our emotions. A lot of those decisions usually have to do with money.”
And “lack of information”, as discussed here https://youtu.be/2q1M1H8a9FA?t=290
cool video, love khan – “when your neighbor loses his job it’s a recession – when you lose your job, it’s a depression.”
heh. i would buy stocks for my child for sure.
This might be big. buy stock in people!
Sounds like “human capital” read this….
Using its proprietary “pricing engine,” Upstart lets you invest $20,000 for every one percent of future income you are willing to give up.
This, is nothing innocent any more?
Kids need to learn about trading as much as they do about saving. The world needs to catch up with what is happening. Some kids are already winners, as this article mentions.
This would be good. Especially if they were taught how to manage their shares, similar to how schools invite banks in to teach them about saving money etc. This book looks a good book for those who want to give their kids the extra opportunity of trading.
I don’t trust banks with my money unless the govt bails them out. Worse than their contemporaries, the illegal scammers anyways. Be warned.
Virgin money should try this – they have the best rates in the UK already
Like the idea in theory but careful what you wish for. Plenty of people crash out when it comes to gambling and even trading, letting them lose everything to a bank is irresponsible to say the least.
Agreed, it’s more of a handy perk, rather than a God-given right. Man the Govt is useless when it comes to so many protected organizations. We should have new amendments every time we spot a flaw in the law.
Blame our stupid, lack-of-foresight constitution and its countless amendments made to try to fix it’s naivety.
“The reasoning behind making churches tax-exempt and unburdened by IRS procedures stems from a First Amendment-based concern to prevent government involvement with religion.”
But wouldn’t business owners just pay themselves a low rate to dodge tax? It may create more loopholes than already exist. Don’t think it could work.
Consumption tax is what they are calling sales tax now, sounds better right?
Didn’t think of that, but the old idea of ditching income tax has its merits too. After all, it’s not a crime to make money, just to spend it.
Hmmmm, you can get away with not paying tax by coercing your doc into saying you are “disabled”. Still able to drive though huh?
It exists but you need to keep a car 40 YEARS!
COVID could be a bit of a blessing when it comes to bringing all of humanity together to fight a common enemy.
Working out who will pay is the least of our worries https://youtu.be/XVe_TwLo76Y
Data (the source of information) replaced land, not oil as the top commodity, here’s why – “Data are an asset, but merely having them does not reveal their value; it must be developed to maximize its value. The value of data is not what someone else will pay for it, it is in how you can use it.”
Who would have through this true 50 years ago. Funny old world.
Screw that – i aint gonna work for anyone no more. for me its just beer and big titties.
Even the lords agree this is totally unfair – most of which are well educated pensioners.
Not sure why pensioners get freebies and the rest of us don’t – we all deserve this, so does the environment.
Charity wishing wells in shopping malls
(7 upvotes)Respect your youngers
(22 upvotes)The child is father to the man
(3 upvotes)There Ain’t No Such Thing as a Free Lunch
(4 upvotes)Feed the world
(11 upvotes)