Doesn’t Matter Who Wins the K Race; We’re All the Same

[sebastian_dangerfield]

Originally Posted by Greedy,Greedy,Greedy

This is getting a lot of play today on some of these issues. I think as close to a "must read" as an econ article could be.

I generally don’t reply twice to a post, but undramatically, with deepest appreciation for the clinical conciseness of this article: Send It To Everyone You Know.

To slam it so well in so few sentences... This is fucking fantastic. What media needs to do. What it has an obligation to do.

[Greedy,Greedy,Greedy]

Originally Posted by Icky Thump

But on twitter a very famous bass player for a very famous band (with a recent movie) tweeted about how he secretly fantasized about being me.

Dude, You Are The Champion... of the World!

[Greedy,Greedy,Greedy]

Originally Posted by sebastian_dangerfield

I generally don’t reply twice to a post, but undramatically, with deepest appreciation for the clinical conciseness of this article: Send It To Everyone You Know.

To slam it so well in so few sentences... This is fucking fantastic. What media needs to do. What it has an obligation to do.

Martin Wolf is great... the American economic journalists who I'd rank with him are Richard Rubin at the WSJ and Megan Greene wherever she is today. Among the three of them, they probably have one percent of the readership of Ben Shapiro's twitter feed.

Getting people to read this stuff is hard. Lord knows, there is probably no one in the white house today with the attention span needed to get through that article.

[sebastian_dangerfield]

Originally Posted by Greedy,Greedy,Greedy

Martin Wolf is great... the American economic journalists who I'd rank with him are Richard Rubin at the WSJ and Megan Greene wherever she is today. Among the three of them, they probably have one percent of the readership of Ben Shapiro's twitter feed.

Getting people to read this stuff is hard. Lord knows, there is probably no one in the white house today with the attention span needed to get through that article.

I’ve read him before, but this is a lightning strike. The scope but also economy of words... This one fits the Melville quote: “Genius, all over the world, stands hand in hand, and one shock of recognition runs the whole circle round.”

Geniuses may be rare, but if this piece doesn’t cause a Eureka moment for you, as in, “He just nailed almost all of it!,” you’ve not been paying close attention. If this doesn’t resonate, you’re asleep. This is Piketty in executive summary form.

[sebastian_dangerfield]

Why? Why?

Again. If I might ask...

Okay, so —

No. There is no excuse. Even if you grew up in a family full of closeted racists, this is insane.

In fact, put aside the racism thing... I’ve dressed as a sheik for Halloween. And we were fucked up. And I wore eye make up. But it was Bowie shit. What kind of person says, “Honey, while you’re doing the eyes... How about painting me in brown face? It’ll be the hit of the party!”

No. No. No one ever— no one with half a fucking brain, ever, ever does this. If not because it’s been offensive for, uh, forever, but also because it’s seriously fucking hard to remove that much makeup! “Oh, this’ll be a gas. I’ll pass out and wake up having destroyed someone’s carpet and covered in acne from clogged pores! Epic fun!”

https://www.nytimes.com/2019/09/18/w...brownface.html

[Icky Thump]

Originally Posted by Greedy,Greedy,Greedy

Dude, You Are The Champion... of the World!

Not quite, but did see all The Dirt.

[Greedy,Greedy,Greedy]

Originally Posted by Icky Thump

Not quite, but did see all The Dirt.

No, didn't see that one, but it makes sense now.

[Greedy,Greedy,Greedy]

Originally Posted by sebastian_dangerfield

Why? Why?

Again. If I might ask...

Okay, so —

No. There is no excuse. Even if you grew up in a family full of closeted racists, this is insane.

In fact, put aside the racism thing... I’ve dressed as a sheik for Halloween. And we were fucked up. And I wore eye make up. But it was Bowie shit. What kind of person says, “Honey, while you’re doing the eyes... How about painting me in brown face? It’ll be the hit of the party!”

No. No. No one ever— no one with half a fucking brain, ever, ever does this. If not because it’s been offensive for, uh, forever, but also because it’s seriously fucking hard to remove that much makeup! “Oh, this’ll be a gas. I’ll pass out and wake up having destroyed someone’s carpet and covered in acne from clogged pores! Epic fun!”

https://www.nytimes.com/2019/09/18/w...brownface.html

Yeah, I took this position about a similar controversy at a recent family dinner with a relative who is an upstate NY bank exec, and he didn't get what I was saying at all. The blackface seemed like normal behavior to him.

(Full disclosure, yeah, he's racist)

[Greedy,Greedy,Greedy]

Originally Posted by sebastian_dangerfield

I’ve read him before, but this is a lightning strike. The scope but also economy of words... This one fits the Melville quote: “Genius, all over the world, stands hand in hand, and one shock of recognition runs the whole circle round.”

Geniuses may be rare, but if this piece doesn’t cause a Eureka moment for you, as in, “He just nailed almost all of it!,” you’ve not been paying close attention. If this doesn’t resonate, you’re asleep. This is Piketty in executive summary form.

I really liked the article, but I seem to have introduced you to a new religion.

I do hope everyone here reads it. It's damn good.

[Hank Chinaski]

Originally Posted by Icky Thump

Not quite, but did see all The Dirt.

I think he meant the other guy.

[sebastian_dangerfield]

Originally Posted by Greedy,Greedy,Greedy

I really liked the article, but I seem to have introduced you to a new religion.

I do hope everyone here reads it. It's damn good.

I have worshiped at the altar of the Church of Less Financialization for nearly a decade now. A lot of my criticisms of the "corporate" are actually more criticisms of financialization. Over the past 40 years, these things have become almost one in the same.

I grew up among bankers. My father worked in banking for 30 years. The fiinancialization of today is not useful capital allocation. It's a mix of flipping, predation, rent seeking, etc. It's a casino. I could rant about the endless ways it has harmed society, but that article and its links makes the point so concisely, all I'll need to do now is send the link.

I've already sent it to a bunch of people I know who work in speculative finance. The reply will be crickets, I'm sure.

On a similar note: https://www.amazon.com/Transaction-M.../dp/0374277885

[Replaced_Texan]

Originally Posted by sebastian_dangerfield

I want to vomit agreeing with this, as I find religion both ludicrous and divisive, but yes -- this would help to build communities. It is a good idea.

About 45 miles from here, there's a massive cricket complex going up in the middle of what used to be a cow pasture. There are a lot of people who are very, very excited about this. Doesn't just have to be religion.

[Greedy,Greedy,Greedy]

Originally Posted by Replaced_Texan

About 45 miles from here, there's a massive cricket complex going up in the middle of what used to be a cow pasture. There are a lot of people who are very, very excited about this. Doesn't just have to be religion.

That's cool. I think I'd like Houston, if it weren't for the weather.

[ThurgreedMarshall]

Originally Posted by Hank Chinaski

Send him a link to an LSAT prep class?

Wow. They are few and far between, and we have to weigh through the constant Picasso and fascist bullshit to get there, but when you finally hit, it's fucking funny.

TM

[ThurgreedMarshall]

Originally Posted by Greedy,Greedy,Greedy

I do hope everyone here reads it. It's damn good.

Would like to, but apparently you need to subscribe, which is against my religion. Cut-and-paste?

TM