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How Economic Thinking Is Ruining America

Business  (tags: economy, americans, business, consumers, society, news, politics, marketing, abuse )

- 1443 days ago -
There's more to life than a cost-benefit analysis

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Evelyn B (62)
Wednesday May 7, 2014, 3:38 am
Economic thinking - and applying "business models" everywhere, including many fields where the models really isn't appropriate ...
And not only in the US ....
Thanks Cal, for flagging this interesting article

Past Member (0)
Wednesday May 7, 2014, 4:04 am
When, exactly, was economics ever divorced from politics? I wonder if the authors supports the use of models when they agree with the outcome. Anyway, as a Management Consultant, a model on;y represents a view of reality, I think the author has more of a disagreement with the assumptions made.

David F (14)
Wednesday May 7, 2014, 4:14 am
"economy" my donkey !! what a rape of language. (any) Capitalist economy is necessarily as-uneconomic as it can get away with.

David F (14)
Wednesday May 7, 2014, 4:15 am
All hail and save the ! (who needs a planet to live on anyway?)


Past Member (0)
Wednesday May 7, 2014, 4:46 am
Noted, ty Cal.

Ben O (172)
Wednesday May 7, 2014, 6:02 am
Capitalism in a nutshell...???

Rhonda B (106)
Wednesday May 7, 2014, 6:05 am
Noted. Thank you Cal!

Gabriele Jefferson (147)
Wednesday May 7, 2014, 8:49 am
noted, signed, shared on fb, twitter, g+, thx

Jonathan Harper (0)
Wednesday May 7, 2014, 9:07 am

Past Member (0)
Wednesday May 7, 2014, 9:09 am
Both parties of politicians are ruining this country, they do not have a clue about what is important in life or for this country. They all need to go! Sorry but from what I've seen I don't trust any of them. There is no common sense at all.

Past Member (0)
Wednesday May 7, 2014, 11:41 am
Economic thinking has ruined this planet; it can be no surprise that it has ruined this country. Toxic capitalism is by definition, toxic.

Stephen Brian (23)
Wednesday May 7, 2014, 11:56 am
It's a "yes and no" thing: Countries grow best when there is a individualist perspective ingrained in the culture, a regulatory system permitting widespread opportunities, and a strong profit-incentive for entrepreneurs, but still the traditions arising from communal perspectives and hierarchy remain. The first set of conditions are the only things known to produce the level of widespread innovation and initiative necessary to turn a minor economic player into a major one while the second set are the only ones known to prevent parasitism.

Much of the U.S. appears to have lost those traditions, the Left at least about as much as the Right. However, there are omissions in the article: Profit is not the only motivator driving Westerners to abandon the traditions. It's depressing to say, but ultimately liberalism, the assumption that people will succeed if free to do so, if taken with the strength that it is politically correct to take today, works against them as well. The assumption that cultural differences do not impact success-rates, regardless of the measure, implies that they have no real meaning at all. If cultural differences are meaningless, then there is no real dividing line between people of one community and another, and identities are built upon those divisions. Without clear identities, complete with the tribalism which comes with the divisions, communities command no loyalty from their members and traditions which arise from such loyalty collapse. This comes from a level of liberalism present even in the "conservative" center-right of the U.S. political spectrum.

Athena F (131)
Wednesday May 7, 2014, 2:20 pm
thanks Cal

Dan Nickerson (180)
Thursday May 8, 2014, 10:09 am
Savage capitalism in all its glory.

Julie W (32)
Thursday May 8, 2014, 7:12 pm
When did we go from being a society to an economy?

Julie W (32)
Thursday May 8, 2014, 7:14 pm
Gross National Productů.measures neither the health of our children, the quality of

their education, nor the joy of their play. It measures neither the beauty of our

poetry, nor the strength of our marriages. It pays no heed to the intelligence of our

public debate, or the integrity of our public officials. It measures neither our wisdom

nor our learning, neither our wit nor our courage, neither our compassion nor our

devotion to country. It measures everything, in short, except that which makes life

worth living, and it can tell us everything about our country except those things that

make us proud to be a part of it.

Robert F. Kennedy, March 1968
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