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Mitch SMith

TEDCRED 100+

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Should we trust the invisible hand?

James B Glattfelder outlines an emergent entity in his study of transnational company data.

Is this entity trustworthy?

Please state your reasons for trust or otherwise on the assumption that this emergent entity exists.

I'd also be interested in your opinion of whether the entity outlined in the math is essentially separate from the people who created it?

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    Feb 20 2013: Nowadays risk is being refused (at the least in its larger share) as the risk is insured through the well-known "derivatives of derivatives" plus a very few driving the markets. On my chart it is located in the area (O - D - C' - E). The risk taken is equal to the (added) national debts despite that money is not in use but being created on future market estimated values.

    Worse, These financial transactions are being "capitalized", often even off-shore in order to avoid taxes.

    Exclusively people nearer to the right extreme of knowledgeable segment C - C' are in a position to achieve this kind of investments and for it, they have to be aware of the near future development (Steve Jobs) who could take profit providing the info to the "dream" (iPad1) and 3 months later launching iPad2 as a complete tool.

    On step 1 he provided the info (light computer) and on step 2, having created the market, he provides the completed tooling. On position 1 he created the market already aware of what is coming out in position 2.
    He appears alike a genius because he was already aware of iPad2 incoming and most people would not have been confident if iPad1 would not show that this was possible as it happened to the fully integrated first Apple computer.

    In short, responding to people dreams is far not sufficient to set a market but providing confidence is the aim.
    Once people has confidence, then one may set the market (and pricing). All of it in a relatively near future. When my company provided me with the first computer (1983) reluctance was based on implied change. My staff, reluctant, was quite angry and still today we have sometime to face the "computer error" but the computer is far more reliable than human mind! The info has been provided but still not completely accepted.

    Indeed absenteeism shows personal disatisfaction but health care system implies the risk of being checked.
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      Feb 20 2013: hmmm I agree with most of that.

      But I will point out that in the first hours I worked for a Telco, I noticed people whith mobile phone clamped on one ear, landline clamped on the other - both with hands-free to allow real-time computer interaction.
      My boss and good friend who I first saw doing that had cancer of the jaw-bone within 12 months - and he is now facing supreme court action on suspected imbezlement which is a spurious action based on the fact that law is a money thing - the one with greatest money buys the law, and my friend is being financially destroyed because of a personal disagreement with someone who had more money.

      There is only anarchy.

      I am inclined at this point to become a pirate - we are entering a world of absolute piracy, and the first entrants will have advantage. But they'd better be real good pirates .. the species depends now on the skillful cull - and the pathway to the exit of the cull.

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