Economists continue to debate the extent to which free markets are truly efficient.
It seems to me that two things are certain:
free markets are remarkably efficient at …
1. accumulating wealth, and
2. consolidating power.
Beyond that, it seems to me that free markets are not that efficient at all.
MSNBC ran the startling headline this morning: Man arrested near Capitol faces WMD charge. How intriguing! Was a criminal mastermind skulking through the streets of DC with a nuclear bomb in his trunk?
[The suspect] tried to manufacture a “weapon of mass destruction, that is, an explosive device capable of causing multiple deaths or serious bodily injuries to multiple persons, or massive destruction of property,”
At the height of the Cold War, “weapons of mass destruction” meant nuclear warheads that were capable of eliminating broad swaths of humanity with a single explosion. With the onset of the “war on terror” we expanded WMD to include bio-weapons that could infect the water supply for an entire city or chemicals that could poison the air of a local community. …
As the economy continues to sour, consumers have gone on strike. For the past few months, I have been contemplating the following economic and social trends that seem to explain why.
Rising productivity is what enables companies to increase employee’s pay. Increases in pay result in the overall rise in our standard of living. However, in the last decade, this relationship between productivity and rising employee pay seems to have been fractured.
Know this. You can cut me off from the civilized world. You can incarcerate me with two moronic cellmates. You can torture me with your thrice-daily swill. But you cannot break the spirit of a Winchester. My voice shall be heard from this wilderness, and I shall be delivered from this fetid and festering sewer.
I became a giant fan of M*A*S*H during my undergraduate years in college. By the time I tuned in the show had been on the air for many seasons and had found its stride. Each night the dorm lounge would fill up with fans as we all partook of the syndicated re-runs punctuated once a week with a fresh fix. The writing was superb, the acting a joy to watch. The storylines were moving and yet funny. It seems like every character was my favorite. I have seen each episode so many times I can recite the entire plot line within seconds of seeing the opening sequence.
The quote above from Charles Emerson Winchester is one of my favorites. …
If you make people think they’re thinking, they’ll love you; But if you really make them think, they’ll hate you.
— Don Marquis
I lived in Denver in the late ’80s. At one point I met an acquaintance who invited me to attend his monthly book club. I was in a heavy reading phase and was excited about the prospect of connecting with fellow book lovers. I was encouraged to bring a book and plan on sharing a favorite passage.
The book I happened to be reading at the time was The Death of Ivan Ilyich, and the passage I picked to read turned out to be pretty heavy.
[A]s a few strokes on the nose will make a puppy head shy, so a few rebuffs will make a boy shy all over. But whereas a puppy will cringe away or roll on its back, groveling, a little boy may cover his shyness with nonchalance, with bravado, or with secrecy. And once a boy has suffered rejection, he will find rejection even where it does not exist—or, worse, will draw it forth from people simply by expecting it.
— John Steinbeck, East of Eden
Today’s quote is the third in a three-part series on self confidence. Wednesday Martin Luther King, Jr. said, “A man can’t ride your back unless it’s bent.” Thursday Eleanor Roosevelt said, “No man can make you feel inferior without your consent.” These quotes are important to me because they underscore the fact that we are victims less often that we think. If I feel inferior, or intimidated it is because I have chosen to feel that way.
. . . those who can soar to the highest heights can also plunge to the deepest depths, and the natures which suffer most sharply are those which also enjoy most keenly.
— Lucy Maud Montgomery, Ann of the Island
I grew up in a home where showing emotions was not encouraged. As I set out on my own I was proud of my ability to maintain an even keel. But as time wore on I came to realize that holding my emotions in check was just a cloak for numbness. A dear friend offered me this quote and I was suddenly free.
In order to soar to emotional heights I had to allow myself the possibility of plunging to the deepest depths. Goodbye even keel. I learned to embrace the lows and reveled in the highs. Sometimes you have to live with the rain. But when the sun eventually comes out — and it always does — the warmth and the light are more glorious than ever.