Monday, April 6, 2015

Constructive look at economics I

Moral: Wherein we turn our sight away from the worries (and the game) of who's on first (actually, did we see a headline like this? Blog war, Ben and Larry) or who's on second, for that matter. The whole crust (uppers) looking at these issues is way off base (have been for some time)


Now, "constructive" has lots of meanings, such as starting over and building. Too, though, we will be defining how a sustainable economic framework ought to look if done properly. Now, fortunately, I can do this without academic support. Unfortunately, for many, this work is late as the gaming runs along five days every week down a perdition laden path (or paths) where the insidious effects just keep on getting thicker and thicker.

Aside: if you search on some of these terms in this blog (and in the related blogs: truth engineering and 7oops7) you will see that they have been used from the beginning.

This look starts from the initial state. In short, we have people (lots to look at here). Over the millennia (many, many), what can be thought of as "class differences" has been evident (since the 1630s, those heading toward Cambridge, MA versus going elsewhere, okay?). Early on, the hierarchy was based upon power (physical). The guy with the biggest stick was king (any different now? - oh yes, we elect these supposedly better classes of people who then take a crown upon their heads - ah, poor mankind).

But, even way back, the levels came about from types of ability particular to humans, namely intelligence. So, the smart guys got some dumb arses to do their dirty work of various sorts: knocking heads, providing meat, growing food stuff, ... You see, the recent off shoring was successful (actually not, near zero, folks) due to large pockets (existence usage, here) of people who can be exploited (for several reasons: they are, they do not have any power or means, they live under the cloud of the smart/capable idiots who seem to have the say and who leave the earth worse off when they croak - again, poor mankind).

Marx and others bifurcated this (type of) separability into capitalists (the smarties who pull strings) and labor (the puppets), but this little splitting (partitioning) is too simple (shallow). When one looks at the long history, lord/serf is a good characterization (age old). What is capital, by the way (actually, where is greedy accumulation seen as leading to peaceful coexistence?)?

Some MIT guy, recently, made a refutation of the french guy's little offering (twas last year - french dude wrote, in a sense, that things of finance always float above the real concerns - like, where the next meal comes from - ..., that statement is a good as any of the other arguments that I have seen). The french guy was a little off the mark, but his attempt was of an ilk that we need to see more of. I will get back to this theme since the retort has to do with land. Does not the economic view have dealings with the lowly earth's resources on its plate?

In the initial phase, we want to look at the actors in the scene, namely the people and the various mixtures that one can observe. For one thing, that statement about everything one needs is learned in early schooling (yes, interpersonal and social aspects) comes to mind. But, it is more than that. Some, like the smarties of Silicon Valley, want to get their kind duplicated artificially so as to rule. Yes, as if the knowledge of the more in-touch mind is worthless (ah, recall the above reference to leaving things worse off). Actually, even smarties (or talent holders) of the artsy type are seen as less than those who run after money and after automation for its own sake (but, again, lots to look at here).

That is, STEM is it (or IT)? Please note that "constructive" has usages there, to boot. In short, we will get back to looking at effectiveness and at how that arises (perhaps, we can do all of this without hubris coming in from around the edges). Sensitivity to "quasi" issues would, we would hope, dampen the cowboys (yes, Ben) who run amok with their experiments (yes, Zuck) on people because they can (are allowed to) and their, seemingly, heedless rush toward glory (and big pockets, different usage than above, if you must ask).

So, again, people, markets, etc. will be the theme for a bit, though there may be uncontrollable branching offs into the more complicated realms.

Remarks:  Modified: 04/16/2015

04/06/2015 -- Two books on labor economics reviewed by The Atlantic.

04/08/2015 -- The IMF weighs in on the side of Larry (essentially, a pissing contest). We really do need to get back to the basics (and, henceforth, I'll adapt a more serious, mature tone -- but, with all the screwing up going on, how can one keep the tongue from wagging? -- as in, the little people have always been trampled over the millenia; what has not been learned is how to have a peaceful, sustainable - and other words, supposedly from the flower power generation -- economy).

04/09/2015 -- We are slowly converging toward something or other.

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