Thursday, April 4, 2019

Ray Dalio on what is to be done

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Why and How Capitalism Needs to Be Reformed (Part 1)
Ray Dalio

See also by Ray Dalio

7 comments:

Kaivey said...

It fits in with what I have been saying all along. The conservatives hate welfare, but do they want to live in a run down and dangerous society; do they want no go areas and crime; do they want to see extreme poverty as they go about their lives? And it probably costs them more in taxes for the prisons and police force, and the social services.

The conservatives blame the individual and believe people should pull themselves out of poverty, but that doesn't seem to work as poverty is rising.

Neuroplasticity, learned behaviour, epigenetics - gene expression - learned helplessness, all form who we are, and poverty can have a marked affect on these. Children can then grow up believing that by working hard they still won't achieve much and so give up.

It might take a generation, or sometimes two, but all children have the ability to become law abiding, hard working, successful, and happy people all paying their tax share which lowers the overall tax burden for us all.

So, a good investment in the long run.

Tom Hickey said...

While it is immoral to reduce people to economic terms since the value of a person is priceless, people are indeed the best investment, as well as the relationships among people in a social system. Recognizing this and acting on it is the sine qua non of a functional economy, whether local, national, or global.

Konrad said...

“The conservatives hate welfare.”

On the contrary, no one loves welfare as much as conservatives do, as long as it’s welfare for the rich -- e.g. Amazon’s demand for billions of dollars in gifts from local governments.

Conservatives love welfare in the form of corporate subsidies, Wall Street bailouts, and endlessly increasing giveaways to the Military Industrial Complex. Conservatives love welfare for Israel, and for the support of puppet dictators abroad.

No one loves welfare as much as conservatives do.

Kaivey said...

That's true, Konrad, I put out an article about how poor white people voted for Trump although they are the biggest beneficiaries of welfare. You see, they see themselves as the deserving poor, not the underserving poor, so they think the elite will be nice to them.

Kaivey said...

I agree, Tom, but I had to wrote my reply in such a way so it would appeal to conservatives, at least a little bit, because unless they are a benefit to themselves they are unlikely to be interested. Sad, but true.

Ryan Harris said...

People in increasinglying diverse communities decrease support for social welfare spending. Pepole in homogeneous cultures increase support for social welfare spend. Seems like a balance holds the key to progressive causes. I'm not sure the strategy of allowing rapid demographic change and then lambastimg voters as unelighteend racists to pay peer pressure was an effective strategy for progressive policy expansion.

S400 said...

“People in increasinglying diverse communities decrease support for social welfare spending. Pepole in homogeneous cultures increase support for social welfare spend.”

That doesn’t mean that the cause of decreasing support of welfare is caused by the demographic itself.