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

So you agree with me. If presented with Executive defiance, Congress' remedy is impeachment. That is, in short, what Schiff was saying.

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

I'm a bad person because I hope that Bernie's cardiac episode will cause him to drop out of the presidential race (while making a full and speedy recovery).

If nothing else, it helps to winnow the field but it also will bring clarity that wouldn't be available if it comes down to a three way Biden-Warren-Bernie race.

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

I am not ignoring it. I have assessed its intrinsic value and found it to be near-zero. Coincidentally, it's market value is also zero, judging from what I paid to read it on this chat board. You may think that the latter assessment is not right, an instance of market failure, but if you want to persuade people that things have an intrinsic value that is more robust for some purposes than market value, you are going to have to work a lot harder to make that case.

We all get the concept in principle. My dog likes to lick me but has figured out that I don't like it as much as she does, so she does this little thing when she wants affection, slipping her tongue in and out of her mouth as if licking the air in front of her nose -- it's super cute, and it did not cost me anything to buy, since she's a rescue dog and all, but it has obvious enormous intrinsic value.

Your challenge is to take the obvious point that market values aren't the be-all-and-end-all of human existence, and to build on that to, uh, go wherever it is you want to go with that. Maybe some underpants gnomes would get you closer, analytically?

Which "guilds" prohibit it? The fishmongers? The coopers? A moment ago you were making a point about how everyone unrealistically demands degrees that are unnecessary, but now you have segued to something more archaic. Maybe the guilds perceive an intrinsic value to those degrees that you have missed? That's the thing about intrinsic value -- it's a little squirrelly to pin down.

Algorithms, dude. That's how we do it now.

Wait, so the guilds didn't prevent you from hiring the people you wanted to hire? Will you make up your mind?

Kumbaya, dude. Once we fix the zoning, will that fix congressional dysfunction?

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

Yes, ducking. That must be what I'm doing.

Didn't you tell me that the right cares about climate change? It's hard to keep up with your mood shifts.

I believe my point was that there is congressional disfunction because we lack consensus, and our political system requires a lot of consensus to get things done.

When did I say I didn't want to change the system?

Yes, you like to enjoy the privileges you have while feeling superior to everyone who wants change.

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

*A* remedy is impeachment. I do not believe it is the *only* remedy for, e.g., a refusal to produce records or appear to testify.

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

Real change would involve a scenario in which you earn about 30% less than now, and there are minimal if any future increases for you. You good with that?

Right. Hop in the limo.

It’s okay. You just had the misfortune of being born into a situation where you couldn’t really desire true meaningful economic change. We’re all conflicted about that... terrible privilege it is. But we bear it. Kudos to you on adopting right wing talking points about the wisdom of the market when someone starts prattling on about “intrinsic valuations.” That’s the spirit, old boy!

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

In Law School in a jurisprudence course we were taught about a movement called "Critical Legal Studies." It was a group of peeps that wanted to bring down the system, but was realistic enough to know that would never happen from the outside- it was centered at a school in Boston that was well-regarded, so its grads could move into the upper tier of firms.

The plan was to ingratiate oneself into the team working on the next big brief to fuck the environment, or the people, etc. THEN the night BEFORE the brief is due the "insider" will do shit like dump a virus into the computers or break the copy machines or fax machines to tank the effort. POWER TO THE PEOPLE!!!!

Ever break a fax machine?

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

I could be OK with that, if other things change too. Why minimal increases? I am helping to run a company that is growing rapidly. Does your Marxism mean I don't get to see the upside?

But I seriously question the premise. What do you believe is inflating my earnings? There are not a lot of people who do what I do. What change do I get?

I bet I have read a lot more Karl Marx than you have, and I also have spent a long time as an antitrust lawyer, so I don't need you to condescend to me about the wisdom or failings of either.

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

https://s.mltshp.com/r/1H042

BTW

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

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

I consider real change where Hank earns 30% less.

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

As an outsider, you can throw yourself against the armor of The Machine over and over, and you'll just end up another bug smashed on The Man's windshield. But once you're on the inside, all you need to do is remove a few key bolts, and The Machine will come crashing down upon itself in a cataclysm that is as beautiful as it is violent. More than a few Innocents will certainly be lost in the wreckage, but out of the ashes of The Machine will arise a new Hope, and without the numbing consumerism of the Post-Capitalist Consumption Society, minds and souls will be free, the boundaries between art and everyday life will be erased, and each person's every act will be an expression of pure egalitarian creativity and Love. It will be like the world that we read about on Instagram.

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

Luke Skywalker wasn’t a Stormtrooper man.

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

I'm not mandating minimal increases. I'm saying the changes would cause you to see minimal increases. If workers at the bottom have to be paid more, to compensate them for their real value, it's got to come from somewhere.

The market is perverted. It assumes a GCs have value far in excess of what they're actually worth. GC'ing is easy. You think in broad strokes and hire outside counsel to do the grunt work. You get paid for "strategy" in many instances. That's cheap thinking.

You get to stay well compensated, but not at a huge multiplier relative to employees below, as their values are increased.

Yes, this involves some instrinsic valuation. I don't like it either, but to go back to something TM wrote a few weeks ago, CEO pay is out of whack. It seems CEO and exec pay is based on nothing, just as you say instrinsic value is ascertained. Why is one bullshit number better than another?

Was Michael Eisner worth $150 mil a year? Is anyone, ever?

I bet you have. But that's immaterial. What's material is whether you can consider what you've memorized and use it in independent thoughts of your own. Whether you can take the concepts and expand upon them with an open mind. Intrinsic value has a place in the future, I believe, because the market is delivering perverted results. Unless, of course, you think a hedge fund manager should earn 1000X more per year than an emergency room surgeon.

Intrinsic valuation is a form of positive elitism. It's helpful. Too many people do boring things and only do them for money in the current system. Does the world need more analysts? More lawyers? More executive VPs of operations?

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

But you're just making shit up. Maybe my company does a good job of paying people what they're "worth," and in fact we're all going to make more money because of all the increased spending by previously undercompensated people in the rest of the country. Moreover, if you think you're making things better, then there's going to be more growth, and we'll all see more than minimal increases.

That's nonsense. No one in the market is thinking about a GC's value in the abstract. They are looking at what they'll have to pay to get a person in the door, and what the gain is relative to not hiring that person. GC'ing may or may not be easy, but the question for the employer is, what happens if I hire a less qualified person (and I'm talking about qualifications, not credentials)? You may scoff at strategy, but the reason why I get my jobs is that I have knowledge about the world and business which is valuable to my employers and which not a lot of people have.

Why? What if the difference between what I do and what they do is worth lots to the company?

Since you can't explain how that works, it appears that's a euphemism for "making shit up."

One can think that CEO pay is out of whack (and identify specific reasons for that) without thinking that everyone's pay across the whole economy is out of whack and needs to be replaced with a number that you made up.

I think you are saying that you aspire to making shit up as a way of making a living, and I say, good luck to you.