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The high price of mistrust

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Re: The high price of mistrust

#151
post #78

Earlier quoted context omitted.

yeah... the 50s only look good if you ignore the massive racial, gender and environmental problems. US economy was great with the post-war boom, but there's a reason why there are so many TV shows about the rotten foundations of 50s glam.

As opposed to the massive racial, gender and environmental problems we are currently facing, with a additional pyramidion of used needles and feces?

In 1954, the Arkansas National Guard occupied a high school in Little Rock to prevent black children from entering it.

The President, and elements of the 101st Airborne Division had to be involved.

Re: The high price of mistrust

#152

Earlier quoted context omitted.

No, actually I'm referring to groups on the left _and_ right. While popularizing the attacking of shared society and our systems foundations did start with the counter-culture left in the 60s, it has certainly become a bipartisan effort in recent decades.

Chomsky has explained that the counter-culture of the 60’s was viewed as the “crisis of democracy” by the Trilateral Commission. An excess of democracy: special interests like women, the elderly, environmentalists, ethnic minorities, and so on were trying to enter the public arena. In short: the general population. (What is a non-special interest? Business interests.) It is completely illogical to immediately conclud…

> What is a non-special interest? Business interests.

Ironically, business interests are the original special interests that Adam Smith warned about: “The interest of the dealers, however, in any particular branch of trade or manufactures, is always in some respects different from, and even opposite to, that of the public. To widen the market and to narrow the competition, is always the interest of the dealers. To widen the market may frequently be agreeable enough to the interest of the public; but to narrow the competition must always be against it, and can serve only to enable the dealers, by raising their profits above what they naturally would be, to levy, for their own benefit, an absurd tax upon the rest of their fellow-citizens. The proposal of any new law or regulation of commerce which comes from this order ought always to be listened to with great precaution, and ought never to be adopted till after having been long and carefully examined, not only with the most scrupulous, but with the most suspicious attention. It comes from an order of men whose interest is never exactly the same with that of the public, who have generally an interest to deceive and even to oppress the public, and who accordingly have, upon many occasions, both deceived and oppressed it.” (Wealth of Nations, Book I, Chapter 9)

Re: The high price of mistrust

#153

When the poors see their standard of living decline (exporting jobs, expensive real estate, shitty schools, ineffective government) all while the rich get richer, yeah, the basic social contract between the classes evaporates. You may trust your neighbor, but that has zero bearing on society at large. Society only works if the different classes trust each other not to screw each other out of existence. We're seeing t…

> EDIT: I think the guy who started Huawei said something to the effect of when you are a millionaire, you only care about yourself, but when you are a billionaire, you are all the sudden responsible for a lot of people. I wish that attitude permeated our business schools and boardrooms. That’s what the poors need; noblesse oblige oligarchy.

We already have an oligarchy. They control the government, and can get laws passed the poors cannot.

What purpose should they serve, ideally? - focus just on investment and profit - improve society ie noblesse oblige - compete for public honor, ie holding high office

I'm not suggesting their is one answer, but given the rich hold such sway over government, I definitely don't think they can sit back and enjoy their high tariff burgundy while we have riots in the streets, first from the left and now the right.

Re: The high price of mistrust

#154

Earlier quoted context omitted.

Sounds overly-simplistic but the solution is to build trust again. Unfortunately, the incentives that rule our society are pushing us away from this. We need to align incentives properly if we're going to have any hope of building trust again. ex: 1. The internet, as a technology, is amazing but functions as a possible bullhorn for everyone, without filter. It does not reward the best possible or most positive idea,…

> Possibly unpopular view: Encouraging religious participation would go a long way to help. Whether you believe or do not, religion helps align society away from purely individualistic pursuits and more towards a "corporate good". How does that work out in 3rd world countries where there's high levels of religious membership and high levels of angry young men https://en.wikipedia.org/wiki/Importance_of_religion_by_co…

Not all religions are created equal, but yes, the trend is prominent.

There is some insight here if you dig deeper into the data.

1. https://www.pri.org/stories/2014-07-17/these-are-most-religi...

2. https://en.wikipedia.org/wiki/Corruption_Perceptions_Index

3. https://www.pewresearch.org/fact-tank/2015/03/12/how-do-amer...

Re: The high price of mistrust

#155

Earlier quoted context omitted.

> I've been extremely concerned with the efforts of sub-groups in our societies attacking the foundations of trust. I assume you're referring to the neocons who lied us into the war in Iraq (and keep us there to this day), the Wall Street bankers & executives who created the 2008 financial crisis and the politicians who bailed them out at the people's expense, the military/intelligence and tech industry figures who s…

You're being downvoted, but you hit the nail on the head. I feel like for people of my vintage (born in the early 80s) the whole war on terror was extremely caustic to my generational cohort. It was a weird environment where every trusted institution in society lined-up in support of both wars, and then actively worked to sideline any debate and discussion. The Dixie Chicks got infamously cancelled for saying somethi…

"Young people might not remember this, but finance used to be the industry you would track into if you were a high achieving member of the intelligentsia. The industry was viewed as being staffed to the gills with the best-and-brightest and was afforded anodyne coverage from the establishment media."

Speaking as someone who was born before the 80s, my perception is that you have misread this situation. The rise of finance was a consequence of the "greed is good" 80s, which meant that disproportionate rewards went to financial industries, which was both a cause and a consequence of the collapse of every other career open to the intelligentsia.

You see a similar situation on a smaller scale in the rise of Silicon Valley's start up culture, where that is seen as the most valid or only career choice in spite of asymptotically levelling benefits.

The demonstration that "the best and brightest" operating open loop without regulation leads to spectacular busts is left as an exercise to the reader.

Re: The high price of mistrust

#156

Earlier quoted context omitted.

> I've been extremely concerned with the efforts of sub-groups in our societies attacking the foundations of trust. I assume you're referring to the neocons who lied us into the war in Iraq (and keep us there to this day), the Wall Street bankers & executives who created the 2008 financial crisis and the politicians who bailed them out at the people's expense, the military/intelligence and tech industry figures who s…

You're being downvoted, but you hit the nail on the head. I feel like for people of my vintage (born in the early 80s) the whole war on terror was extremely caustic to my generational cohort. It was a weird environment where every trusted institution in society lined-up in support of both wars, and then actively worked to sideline any debate and discussion. The Dixie Chicks got infamously cancelled for saying somethi…

>there's basically "meritocratic" caste system in this country: if you go to the right school, get into the right industry, and make enough money you are [ ... ]

This is a description of the absolute opposite of what "meritocratic" means.

Re: The high price of mistrust

#157
post #15

Part of the problem is that in, say, 5 years, you won't know who you meet was a weirdo anti-masker who you don't trust not to endanger the people around them. Nowadays it's quite easy to avoid these people, but once the current crisis abates they will go back to being visually indistinguishable. (unrelated, but the cost of zero-trust can be measured quite directly by looking at the cost of making a Bitcoin transactio…

Did we read the same article? Just because someone doesn't agree with your view of the world doesn't automatically make them untrustworthy. From your perspective, maybe lives are more important than freedoms and you are willing to limit some freedoms temporarily or permanently if it means saving more lives. From someone else's perspective, maybe freedom is more important than lives, and they are willing to let some p…

What views are the real question. If they have by my standards horrible tastes certainly. If they deny that hugging you while they are on fire will burn you, that juggling loaded guns is dangerous, or view you as subhumans to be exploited not distrusting them is frankly dangerously stupid.

Looking at costs alone without context is a bad idea here as it is for beancounters.

Re: The high price of mistrust

#158

Earlier quoted context omitted.

> I've been extremely concerned with the efforts of sub-groups in our societies attacking the foundations of trust. I assume you're referring to the neocons who lied us into the war in Iraq (and keep us there to this day), the Wall Street bankers & executives who created the 2008 financial crisis and the politicians who bailed them out at the people's expense, the military/intelligence and tech industry figures who s…

You're being downvoted, but you hit the nail on the head. I feel like for people of my vintage (born in the early 80s) the whole war on terror was extremely caustic to my generational cohort. It was a weird environment where every trusted institution in society lined-up in support of both wars, and then actively worked to sideline any debate and discussion. The Dixie Chicks got infamously cancelled for saying somethi…

War on Drugs started it, but the War on Terror accelerated it. The GOP misinformation campaign is finishing it off...

Realistically, this is just a reversion to things in the early 20th century. The system of trust we've built up is only about 50 or 60 years old, and it's decayed as people took it for granted. Hopefully we're noticing it now.

Re: The high price of mistrust

#159

Earlier quoted context omitted.

You're being downvoted, but you hit the nail on the head. I feel like for people of my vintage (born in the early 80s) the whole war on terror was extremely caustic to my generational cohort. It was a weird environment where every trusted institution in society lined-up in support of both wars, and then actively worked to sideline any debate and discussion. The Dixie Chicks got infamously cancelled for saying somethi…

" Young people might not remember this, but finance used to be the industry you would track into if you were a high achieving member of the intelligentsia. The industry was viewed as being staffed to the gills with the best-and-brightest and was afforded anodyne coverage from the establishment media. " Speaking as someone who was born before the 80s, my perception is that you have misread this situation. The rise of…

You are correct, grab any of the excellent financial history books written by Frederick Lewis Allen. People assume things that have not existed very long have always existed.

Re: The high price of mistrust

#160
post #136

The gig economy exploits the efficiencies of a trusting society masterfully. It would have been unthinkable 20 years ago that we'd let total strangers drive us home from bars and use our houses like hotels. But it turns out that with only a little oversight, we can trust our fellow citizens just as well as an employee of a professional company. Systems of maintaining trust are very important, but having a trustworthy…

Contrary to what might be the common understanding in SV, we've actually had cabs before we had Uber. They also involved total strangers driving us home from bars. We've also had people rent their private homes as lodging: that's how I vacationed with my parents in Eastern Europe in early 1990s. Even today, if you go to any town on Baltic Sea, you'll find plenty of "Rooms" signs (in local language) on private homes;…

Uber and AirBnB actually burned extreme amounts of trust. Blatantly illegal business practices and general sociopathy of the former, facilitating destruction of local neighbourhoods in case of the latter - adding an app on top of existing practices doesn't pay back for what it cost to get there.
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