Tuesday, August 30, 2005

6 question Investor insight

.

I couldn't decide if this short quiz should go up here or at the BFU blog, BFU won.

The key phrase is "Everyone gets what they really want from investments." (or at the poker table)



OOPs

My brain just took a detour:

The information age is the death song for socialism and communism. The new network society may not bring about a capitalist nirvana, but the socialist paradigm was created from frustration with industrialization and large economies of scale. That is exactly what will change as enabling technologies allow small groups to be far more efficient than the old massive vertical institutions of the last millennium.

Pursue your own thoughts on this. Just as a note a form of socialism exists at the tribal level, but it is all voluntary and survival based. Socialism at a national level required forced giving (read 'theft from') by the creative, to support the needy. It didn't work well because the creative ended up also forced to support the powerful, the corrupt, and the lazy. Your best people have disincentives to creating, and large incentives to becoming institutionally powerful.

Everything is right with voluntary sharing, everything works wrong with theft and partial redistribution in the name of the "people."

This same "small works better" force will also destroy most of the huge multinational monopolies, so it is not all bad news for the marxists.

"When under the pretext of fraternity, the legal code imposes mutual sacrifices on the citizens, human nature is not thereby abrogated. Everyone will then direct his efforts toward contributing little to, and taking much from, the common fund of sacrifices. Now, is it the most unfortunate who gains from this struggle? Certainly not, but rather the most influential and calculating." - C. F. Bastiat



OK back on the main road, I just wanted to jot that down while I was thinking of it.

I will probably play with that quiz a bit more ( remember the quiz?) and put it up with lots of gory detail on one of my sites.

Best to ya,

Allan

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