[FoRK] Wall Street Isn't Winning – It's Cheating

Gregory Alan Bolcer greg at bolcer.org
Thu Oct 27 17:19:18 PDT 2011


Oh?  More wealth in a society doesn't equal better R&D? Better 
discovery?  Better drugs, treatments, equipment and medicine?

Greg

On 10/27/2011 5:07 PM, Adam L Beberg wrote:
> Gregory Alan Bolcer wrote on 10/27/2011 1:28 PM:
>> http://www.youtube.com/watch?feature=player_embedded&v=jbkSRLYSojo
>>
>> Rosling's Gapminder on the story of wealth and health in the past 200
>> years. Somehow relevant to the arguments being made today.
>
> The OWS issues all lead back to the same thing - the game is rigged.
> People don't mind losing a game so much as long as it's fair.
>
> Rosling is brilliant in his presentations, I've seen several of them.
>
> The closing line is half wrong tho. Wealth is a zero sum game, but
> health is not. Everyone can be healthy with minor effort, but not
> everyone can be wealthy since luck and stupidity instantly concentrate
> and strip wealth. Ex: a poor person wins the lotto, and be back to poor
> a few months later every single time. Sure the averages are rising, but
> that's meaningless.
>
> Nowhere is this clearer then California, where we're surrounded by rich
> people with deeply negative wealth living in vast McMansions one
> paycheck away from being homeless. It's... bizarre.
>
> On another note, thank geeks for the web, otherwise noone would know
> about the marine that is now in a coma thanks to the Oakland cops, who
> apparently can't tell the truth even after all the video. If things go
> sour and Scott Olsen goes martyr, all hell is gonna be unleashed in
> Oakland and elsewhere, ala Mohamed Bouazizi. Looks like he's now in fair
> condition (surgery ahead), and the 1% is safe another day - but maybe
> not another week. He may go iconic anyway from the looks of things, and
> they are planning a march on the US embasy in Tahrir.
>
> So much for it being different this time :( It's going down textbook,
> and I'm reasonably sure we're past the point of no return now.
>

-- 
greg at bolcer.org, http://bolcer.org, c: +1.714.928.5476


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