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Forum Post: Uncommon Wisdom

Posted 5 years ago on Sept. 9, 2014, 11:19 a.m. EST by agkaiser (2391) from Fredericksburg, TX
This content is user submitted and not an official statement

Fox's “Utopia” premise: entrepreneurs are tasked to create a better world. Right! Let's be saved from the destruction wrought by the stupidity and greed of elite fools by the elite fools who are destroying the world. Whether that's tautology or circular reasoning doesn't interest me at all. What does is that it is typically normal thinking and most people would probably think it wise. Common wisdom is an oxymoron. Wisdom is uncommon. That's why the fools at Fox will probably succeed again and again.

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9 Comments


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[-] 6 points by agkaiser (2391) from Fredericksburg, TX 5 years ago

High Unemployment Brings Marx to the World Bank

"We have considered the political reasons for the opposition to the policy of creating employment by government spending. But even if this opposition were overcome - as it may well be under the pressure of the masses - the maintenance of full employment would cause social and political changes which would give a new impetus to the opposition of the business leaders. Indeed, under a regime of permanent full employment, the 'sack' would cease to play its role as a 'disciplinary measure. The social position of the boss would be undermined, and the self-assurance and class-consciousness of the working class would grow. Strikes for wage increases and improvements in conditions of work would create political tension. It is true that profits would be higher under a regime of full employment than they are on the average under laissez-faire . . . But 'discipline in the factories' and 'political stability' are more appreciated than profits by business leaders."

from: Low Wage Growth, High Long-Term Unemployment Recognized as International Problem Posted on September 10, 2014 by Yves Smith http://www.nakedcapitalism.com/2014/09/low-wage-growth-high-long-term-unemployment-recognized-international-problem.html

The hubris of upper middle class and ruling elites has bothered me since my early teens. I've rebelled against their control and authority all my life . . . at least in spirit. I find them detestable, onerous, obnoxious and insufferable. That they think they're righteous and a blessing to the human race they parasitize is ironic. That they think themselves human at all is idiotic.

[-] 4 points by trashyharry (3084) from Waterville, NY 5 years ago

Toxic,medacious,double dealing do-wrong dwarves.Traitorus conniving,venal,vice ridden vulgarians.Psychpathic,scandalous scoundrels.Necrophilous ,nefarious.miserly morons.And so on...

[-] 2 points by ButtonHGwinnett (44) 5 years ago

Does privatization lead to smaller economies? It is possible to profit by producing less instead of producing more while raising the prices and creating shortages.

Domestic gasoline consumption has decreased with better gas mileage. . There is less demand for gasoline. The prices should drop. There is no need to increase production. The law of supply and demand can force the price of gasoline down.

US cuts 2015 gasoline price forecast, citing supply

Oil prices are poised to drop next year as US crude production reaches a 45-year high, government forecasters said today.

West Texas Intermediate will average $94.67/bbl in 2015 versus the August projection of $96.08, the US Energy Information Administration said Tuesday in its monthly Short-Term Energy Outlook. The EIA trimmed its Brent crude forecast for next year to $103 from $105.

Rising US crude production is bolstering the country’s energy independence, Adam Sieminski, the administrator of the EIA, said in a statement. The agency forecast output of 8.53 million bpd this year, up from 7.45 million last year, and 9.53 million in 2015, the most since 1970. It’s also pushing down the EIA’s forecast for gasoline prices.

“The US oil production forecast for 2015 was revised up by 250,000 barrels per day, with total output expected to be at the highest level since 1970,” Sieminski said. “Rising monthly crude oil production, which will approach 10 million barrels a day in late 2015, will help cut US fuel imports to just 21% of domestic demand, the lowest since 1968.”

Retail gasoline is forecast to average $3.46/gal this year and $3.41 in 2015, according to the EIA. That’s down from last month’s forecasts of $3.50 and $3.46.

[-] 2 points by agkaiser (2391) from Fredericksburg, TX 5 years ago

Unemployment Brings Marx to the World Bank

"Entrepreneurs are not the same as elitists. Entrepreneurs attempt to do things that have never been done before, try to take old things and make them better, etc. "

The word 'entrepreneur' suggests entry. I infer entry to the upper middle class or even the ruling elite.

"We have considered the political reasons for the opposition to the policy of creating employment by government spending. But even if this opposition were overcome - as it may well be under the pressure of the masses - the maintenance of full employment would cause social and political changes which would give a new impetus to the opposition of the business leaders. Indeed, under a regime of permanent full employment, the 'sack' would cease to play its role as a 'disciplinary measure. The social position of the boss would be undermined, and the self-assurance and class-consciousness of the working class would grow. Strikes for wage increases and improvements in conditions of work would create political tension. It is true that profits would be higher under a regime of full employment than they are on the average under laissez-faire . . . But 'discipline in the factories' and 'political stability' are more appreciated than profits by business leaders."

from: Low Wage Growth, High Long-Term Unemployment Recognized as International Problem Posted on September 10, 2014 by Yves Smith http://www.nakedcapitalism.com/2014/09/low-wage-growth-high-long-term-unemployment-recognized-international-problem.html

The hubris of upper middle class and ruling elites has bothered me since my early teens. I've rebelled against their control and authority all my life . . . at least in spirit. I find them detestable, onerous, obnoxious and insufferable. That they think they're righteous and a blessing to the human race they parasitize is ironic. That they think themselves human at all is idiotic.

[-] 2 points by turbocharger (1756) 5 years ago

Some would consider occupy a hotbox of entrepreneurship. Look at all the cool stuff that came out of it, the clever pr and promotions, the hard work and sacrifice, etc.

Entrepreneurs are not the same as elitists. Entrepreneurs attempt to do things that have never been done before, try to take old things and make them better, etc. Much different than simply moving money around and living off of the returns.

[-] 2 points by DKAtoday (33802) from Coon Rapids, MN 5 years ago

Utopia - the new - back stabbing back bite-n reality(?) show. Huh - wonder if they will use green energy production.

[-] 1 points by pangloss2 (20) from Montclair, NJ 5 years ago

Only fools succeed! Is that some kind of Peter Principal thing?

[-] 1 points by agkaiser (2391) from Fredericksburg, TX 5 years ago

Peter certainly rules the world. While it does make it easier to gain admittance to the old boy's club, I don't believe it's absolutely necessary to be a fool in order to succeed.

[-] 1 points by MattHolck0 (3867) 5 years ago

I wasn't under the impression we were living in a market economy