191–193 of 193 posts
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Yes, it bloody well matters. What's the point in getting some high-level concepts correct if all the nitty-gritty detail is wishful thinking and fantasy? Instead, read Warren Buffett's letters to shareholders and take it from there.
The details aren't fantasty: they're history. Times change. He is even very clear that they were specific circumstances, and that it's not generalizable advice.
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Agree. It seems noteworthy to point out in the GP in how he expresses class warfare . When this is invoked (here and elsewhere) it's always the poor who are committing "class warfare" against the rich. When in reality, with evidence abound throughout history it is the rich who actually commit class warfare on a continuous basis against everyone else. Even HN is not immune to this propaganda.
Historically this has been true, but nowadays it's not (at least in the US). To quote Paul Krugman on the topic, from way back when he still did economics: "...growth in inequality is not a simple picture. Old-line leftists, if there are any left, would like to make it a single story--the rich becoming richer by exploiting the poor. But that's just not a reasonable picture of America in the 1980s. For one thing, most…
Not true in 1990. Very true today. The Bush tax cuts inaugurated the current era of class warfare. I'd say 2010 is when it really got going.
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In my experience, as part of my family is from ex communist societies, when you distribute money, there is concentration of power. A government powerful enough to distribute all assets is super powerful, and those that control this government(the party) have all the power. Having all the power, they have all the material resources for them, their families and friends, even when they don't have "money". They want a ca…
>The rest of the society live in conditions of near slavery. They could ask for a car, as they are "equal", but it takes years to come, and when it comes, it is a horrible car you could not choose anything about. Wait, you mean they have homes ? As in, stable places to live that don't put them in debt peonage their whole lives? Wow, that's a pretty big rise in their standard of living versus current-day neoliberal ca…
The only way to arrive at an opinion like that is lack of perspective.
Some people say that living as humans in the wild is preferable to "debt slavery" or "peonage" or whatever the leftists-word-du-jour is. Would you agree with them ? Can you see that you may be suffering from a similar delusion ?