Garbage In, Garbage Out
If you want to truly understand Capitalism, you have to start with this basic insight.
Capitalism isn’t a belief system. It’s just game. A rule set for buying, selling, and investing.
That’s all it is.
There’s not any moral or ethical element to it. In fact, if you can get away with it, rigging the game to give you all of the winnings is completely within the rule set.
Of course, people don’t play the game of Capitalism because the “laws” of rational optimization tell them to. They play it for three reasons:
- It serves a deeply held belief.
Reasons one and two are crappy ways to motivate people to play the game. Why?
Avarice encourages a cheating and an aggression that pushes nearly all of the other players out of the game (ever play a game like that? it sucks).
Fear is a terrible motivator too. It only motivates a minimum effort.
Whenever the game of Capitalism is being played by people with only avarice and fear as motivators — all we see is squalor and dysfunction. That result has been inevitable for the thousands of years we’ve played the game (despite PR spin to the contrary, Capitalism is a very, very old economic game).
That leaves us with the last option. The only good reason to play the game. The only way we’ve ever gotten good results from the game. In fact, it’s even narrower than that.
There’s a specific belief that the game of Capitalism has advanced the interests of. It’s the belief that hard, honest work is a path to economic and spiritual prosperity and that this belief is available to everyone.
That belief turns Capitalism into a game played by as many people as possible, all striving to push the game forward.
Unfortunately, it’s pretty easy to see that the results we are getting from the game of Capitalism stink. Of course, all of this failure isn’t the fault of Capitalism. It’s just a dumb game.
It’s why you and I play it that matters.
AVARICE and FEAR are taking over the game.
Avarice wins when a financial firm like Goldman Sachs goes bankrupt while gambling and it is bailed out by public money. Fear wins when a similar bankruptcy among homeowners, as a result of the same crisis, results in millions of home foreclosures.
Avarice wins when every state adopts a lottery and gambling to generate tax revenue. Fear wins when the government encourages you to take out loans to get a degree and no work worthy of any degree is in sight.
The answer to why we play it dictates how we play it and what the outcomes become.
Garbage IN >>> Garbage OUT folks. It’s all connected.