Thursday, August 21, 2014
I think we need to get away from the idea than the average person can allocate resources by supplying labor (or being under the protection of someone supplying labor). This is the problem - the Puritan idea that wealth is God's signifier of virtue and poverty God's signifier of sin; this model is adaptive in a preindustrial world and in an industrial world but is maladaptive in a crowded, information-driven world. Even the replacement of diligence and vigor with intelligence and study is a cruel lie. The world cares nothing for the individual, and the capacity to allocate resources comes down to luck and to pedigree.
Posted by Michael Tobis at 12:51 PM