TimingLogic's Blog

Reasoned, Relevant And Often Contrarian Commentary On Economics

TimingLogic

TimingLogic
Birthday
October 24
Bio
I'm an electrical engineer and mathematician by training. My career has spanned diverse areas of expertise from being part of a team which designed the world's most powerful computers to corporate consulting around business transformation and information-based solutions to being a corporate sales and marketing executive in the information technology and business consulting space. I’ve led teams responsible for innovative and transformative solutions and been part of teams that helped set strategy for many of America's greatest companies. Two of my interests are econometrics, democratic finance and quantitative - qualitative analysis. Over the years I have developed risk-based models and trading systems meant to identify significant investment opportunities and periods of extreme risk. My blog is an outlet for another of my passions, writing. I generally consider myself a contrarian. Therefore, many of my rantings are meant to encourage people to question what they believe to be true. Terms of Use & Disclaimer: First off, I don't take anything on here too seriously and you shouldn't either. These are simply sardonic rantings of Bill, my alter ego, often meant to agitate for peaceful & nonviolent reform. This web site reflects the views of its authors. It is unaffiliated with any NASD broker/dealer. Statements on this site do not represent the views or policies of anyone other than its authors. The information on this site is provided for discussion purposes, comedic relief and entertainment only and are not investing recommendations. The authors may have positions in securities mentioned herein. Under no circumstances does this information represent a recommendation to buy or sell securities. While information discussed on this site was gathered from what are believed to be reliable sources, in no way is informational accuracy guaranteed. All information on this site may contain errors and omissions. Trading and investing involves high levels of risk. Always consult a licensed financial advisor or broker before making any and all investment decisions. Authors of this site and any sites which are fed by said site, including Open Salon and others, will assume no responsibility for the actions of the reader and user. Readers and users agree, as condition to accessing this site, to release and hold harmless this site's authors from all liability in connection with this site or any views posted on this site. All readers and users of this site agree that use of this site requires acceptance to the current Terms Of Use & Disclaimer and that current terms include any and all use and material from site inception. If you do not understand these statements in their entirety or do not agree to be bound by this current agreement, you must immediately discontinue use of this site. This Terms Of Use & Disclaimer may change at any time and it is the reader's and user's responsibility to review, understand and abide by any updates.

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Editor’s Pick
MAY 15, 2012 2:43PM

Capitalists And Other Psychopaths

Rate: 2 Flag

Somehow it doesn’t surprise me that an English professor wrote this absolutely excellent piece.  I do mean incredibly excellent.   One of the best editorials I have read in a long time.  Liberal arts are often denigrated as useless in the corporate state.  “Why are you wasting your money on a useless liberal arts degree?” is a very common mantra in our society.   But, they are anything but.  Liberal arts may be the most important forms of higher education in a free society.  Some day I will expand upon that. 

This article is a very cogent piece capturing so many variables we have discussed.   It’s quite hilarious how he mocks MBAs for what they are.  Useless Soviet-style administrators.  The author clearly understands the difference between corporate capitalism and what, over the years, I have coined as American-style capitalism; worker capitalism and entrepreneur capitalism.   You’ll seldom see the distinction because most people don’t really understand the incredible impacts created by either-or.  I have a post in the queue for this year where I will expand further upon our prior remarks on this dynamic.   He also clearly articulates that most wealthy are not entrepreneurs at all.  Nor are they of any type of superior intellect as Social Darwinism and trickle down economics would have us believe.  They are corporate bureaucrats who are focused on control over truth; the antithesis of entrepreneurs.  Bureaucrats who seek to stifle entrepreneurs, truth and competition for better ideas and solutions by rigging the economic game.  And, he tops it all off with the revelation of unbridled and unregulated capitalism is essentially the ultimate manifestation of the tyranny of the self. 

The rewards in our society are going to the wrong people.    That is because the wrong people are motivated by power, control, vainglory and greed.  So, they end up being able to destabilize the system in their favor.   The incentive system in our society is completely upside down as we have discussed.  That leads to an inverted wealth pyramid where dimwitted politicians and their corporate masters reap the majority of reward. 

Enjoy a wonderful piece of prose.    

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