Having a degree in economics and public policy analysis from Penn State, I found reading a Wealth of Nation's by Adam Smith a journey into the brain of a genius. His comprehensive practical analysis of how microeconomics and macroeconomics work to sustain commerce which sustains a civilization laid the blueprint for capitalism.
Having a degree in economics and public policy analysis from Penn State, I found reading a Wealth of Nation's by Adam Smith a journey into the brain of a genius. His comprehensive practical analysis of how microeconomics and macroeconomics work to sustain commerce which sustains a civilization laid the blueprint for capitalism.
Exactly, and Capitalism, supported by the "Trickle Down Economic Theory," involved lots of regulation, against exploitation, which has been completely abandoned, so that they could say see - Capitalism doesn't work, and totally discredit it!
I did not finish that book - it was too deep. My theory is a 'free market' is truly great for everyone that participates until it raises up titans, which cause government to intercede until such time as government is bought off.
It becomes the Wealth of the Wealthy. The Theory of Moral Sentiments was just that - a loving theory.
Not exactly as I theorized though. It was Obama that flipped my theory that the titans bought off government. Ha, not on his watch. His admin started consolidating the titans and coercing them via threats (Choke Point) and the force of laws and sucking them in under his American Recovery and Reinvestment Act. He brought them into his inner circle and cut deals (Obama Care). He had eight years to change the country and he pulled it off.
We were gifted a constitutional republic built around a very good constitution. Two problems. First lawyers managed to replace all the understandable language in the Constitution with their pernicious brand of legalese gobblegoop and proceeded to highjack the judiciary and legislative branches. Second, the maintenance of this republic requires an enlightened electorate which progressives (read marxists) have pretty well discombulated by destroying public education and capturing so-called higher education. It all needs to be rebuilt from the ground up
The unconstitutional unelected administrative state has destroyed the Constitution. The rise of the welfare state has destroyed the Republic. The general public has becomed dissconnected and lazy, believing "it's the government's fault/solution" when in the past we knew it was the individual/family/community's duty. We had a small government because individuals working through their local institutions took responsibility.
Great assessment. And yes, need only original framework with tighter control when rebuilding. The citizens kept the gov honest for about a 100 years, so blame is shared, but rather disproportionally.
Makes me think of the old saw..."What do you call a 1000 dead lawyers on the bottom of the ocean? A good start." My sibling became an attorney and changed professions after several years . He said being an attorney was destroying his reputation. It seems to have have escaped the notice of the general public that the legal profession and educational institutions have been hijacked by Marxists.
I have a former client who worked hard to be a clinical psychologist, once degreed and working he quit. He just called me one day and asked how do I get off of this healthcare bullshit? I responded, what do you mean? He said, these people coming to see me are fat, lazy, and entitled, I do not want to see people who do not want to be helped.
I asked him what he was going to do, he said, I am going to buy a Starbucks franchise and get paid more for watching crazy people buy overpriced coffee. He did it. Good for him.
Even more disturbing. Knew a girl who got her Ph.D. In biomed. sci. and went to law school wanting to specialize in patent law. Was very unimpressed with her classmates. Drawer full of dull knives.
Educational standards in every profession have declined significantly and precipitously especially over the past 20 years. No profession has been more profoundly effected than Masters and PhD Education and it's related subfields. We seem to be drowning in activist snowflakes.
I've always thought of Smith's work as propaganda, not a work based on any rigorous research. Though philosophy may be useful as a way to organize ideas, its conclusions must be tested if one intends to apply them to the real world.
Read List on political economics if you want to know how the real wealth of nations is created and how the USA, Germany, Japan ect. grew and prospered while the British Empire rotted away from 1845 on.
Having a degree in economics and public policy analysis from Penn State, I found reading a Wealth of Nation's by Adam Smith a journey into the brain of a genius. His comprehensive practical analysis of how microeconomics and macroeconomics work to sustain commerce which sustains a civilization laid the blueprint for capitalism.
Exactly, and Capitalism, supported by the "Trickle Down Economic Theory," involved lots of regulation, against exploitation, which has been completely abandoned, so that they could say see - Capitalism doesn't work, and totally discredit it!
I did not finish that book - it was too deep. My theory is a 'free market' is truly great for everyone that participates until it raises up titans, which cause government to intercede until such time as government is bought off.
It becomes the Wealth of the Wealthy. The Theory of Moral Sentiments was just that - a loving theory.
And, it's happening before our very senses.
Not exactly as I theorized though. It was Obama that flipped my theory that the titans bought off government. Ha, not on his watch. His admin started consolidating the titans and coercing them via threats (Choke Point) and the force of laws and sucking them in under his American Recovery and Reinvestment Act. He brought them into his inner circle and cut deals (Obama Care). He had eight years to change the country and he pulled it off.
We were gifted a constitutional republic built around a very good constitution. Two problems. First lawyers managed to replace all the understandable language in the Constitution with their pernicious brand of legalese gobblegoop and proceeded to highjack the judiciary and legislative branches. Second, the maintenance of this republic requires an enlightened electorate which progressives (read marxists) have pretty well discombulated by destroying public education and capturing so-called higher education. It all needs to be rebuilt from the ground up
The unconstitutional unelected administrative state has destroyed the Constitution. The rise of the welfare state has destroyed the Republic. The general public has becomed dissconnected and lazy, believing "it's the government's fault/solution" when in the past we knew it was the individual/family/community's duty. We had a small government because individuals working through their local institutions took responsibility.
Great assessment. And yes, need only original framework with tighter control when rebuilding. The citizens kept the gov honest for about a 100 years, so blame is shared, but rather disproportionally.
I love your positive thinking!
Makes me think of the old saw..."What do you call a 1000 dead lawyers on the bottom of the ocean? A good start." My sibling became an attorney and changed professions after several years . He said being an attorney was destroying his reputation. It seems to have have escaped the notice of the general public that the legal profession and educational institutions have been hijacked by Marxists.
I have a former client who worked hard to be a clinical psychologist, once degreed and working he quit. He just called me one day and asked how do I get off of this healthcare bullshit? I responded, what do you mean? He said, these people coming to see me are fat, lazy, and entitled, I do not want to see people who do not want to be helped.
I asked him what he was going to do, he said, I am going to buy a Starbucks franchise and get paid more for watching crazy people buy overpriced coffee. He did it. Good for him.
Even more disturbing. Knew a girl who got her Ph.D. In biomed. sci. and went to law school wanting to specialize in patent law. Was very unimpressed with her classmates. Drawer full of dull knives.
Educational standards in every profession have declined significantly and precipitously especially over the past 20 years. No profession has been more profoundly effected than Masters and PhD Education and it's related subfields. We seem to be drowning in activist snowflakes.
I really despise him for that.
As we all should.
I've always thought of Smith's work as propaganda, not a work based on any rigorous research. Though philosophy may be useful as a way to organize ideas, its conclusions must be tested if one intends to apply them to the real world.
Read List on political economics if you want to know how the real wealth of nations is created and how the USA, Germany, Japan ect. grew and prospered while the British Empire rotted away from 1845 on.