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

Adam L Beberg beberg at mithral.com
Thu Oct 27 17:51:58 PDT 2011

Gregory Alan Bolcer wrote on 10/27/2011 5:19 PM:
> Oh? More wealth in a society doesn't equal better R&D? Better discovery?
> Better drugs, treatments, equipment and medicine?

Glad you agree :)

> 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.

Adam L. Beberg

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