Economiste - Vice-président financier d'une grande société immobilière américaine - Retraité
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A reply on Conversation: Should we trust the invisible hand?
A reply on Conversation: Should we trust the invisible hand?
A reply on Conversation: Should we trust the invisible hand?
A comment on Conversation: Should we trust the invisible hand?
A comment on Conversation: Should we trust the invisible hand?
Did you heard about the miniRNA which appears some 2-300,000 years ago and make the difference between a monkey (ape) and a human being?
I got the report in French but maybe there is an English link.
I mention this because if a miniRNA into a gene can change drastically the brain system, we may face a new human in few centuries from now.
A comment on Conversation: Should we trust the invisible hand?
A comment on Conversation: Should we trust the invisible hand?
"Credibility" creates, indeed, the Debt based on future unknown expectations. It is a projection of what one side would like the other side to be. Where lies the accountability? On the side who would like to deserve the credit or on the side who would like to extend the credit in order to enslave the other side?
Rationality is the projection of a Past into a Future: shrinking the GDP should shrink the Debt but in reality it increases the Debt on expectations of a better GDP after the shrinking. No one can correct the Past and this is true for any FcP.
Comparing the Housekeeper budget to the National one reduces the capacities of the latter while its isolate the country. Isolation means no exchange and no exchange means no communication: the dynasaur is dying for eating its own tail.
We are in agreement.
A comment on Conversation: Should we trust the invisible hand?
A comment on Conversation: Should we trust the invisible hand?
A comment on Conversation: Should we trust the invisible hand?
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.