DAVID HOROWITZ ~ THE ART OF POLITICAL WAR AND OTHER RADICAL PURSUITS

~ PIWCBOM ~ Politics Is War Conducted By Other Means

~ IPWYDNFJTPIAA-BTDTEFA ~ In Political Warfare You Do Not Fight Just To Prevail In An Argument – But To Destroy The Enemy’s Fighting Ability

~ YHOTSTMYP ~ You Have Only Thirty Seconds To Make Your Point

~ PIAWOP-YTITDYATFOALACAPCWYP-WDYOATEWYC-CTTTMTFAEFYAP ~ Politics Is A War Of Position – Your Task Is To Define Yourself As The Friend Of As Large A Constituency As Possible Compatible With Your Principles – While Defining Your Opponent As The Enemy Whenever You Can – Choose The Terrain That Makes The Fight As Easy For You As Possible

~ IPW-TAUP-AIABPIAWOP-WIDBITS ~ In Political Warfare – The Aggressor Usually Prevails – Aggression Is Advantageous Because Politics Is A War Of Position – Which Is Defined By Images That Stick

~ BSF-YCDTIAWAYA-DTOITDMIAPW ~ By Striking First – You Can Define The Issues As Well As Your Adversary – Defining The Opposition Is The Decisive Move In All Political War

~ TWPPWHBTF-TWIFBE-OTT-HITBC ~ Position Is Defined By Fear And Hope – Those Who Provide People With Hope Become Their Friends – Those Who Inspire Fear Become Enemies – Of The Two – Hope Is The Better Choice

~ TWOPASEFAH-TMISITC ~ The Weapons Of Politics Are Symbols Evoking Fear And Hope – The Most Important Symbol Is The Candidate

~ PWNCAWYHTS-UTBYCAT-TAOPIPP-WDNKY-AWWNKY ~ People Will Not Care About What You Have To Say – Unless They Believe You Care About Them

~ TAOPIPP-WWNKYETSASB-TYCAT ~ The Art Of Politics Is Persuading People – Who Will Never Know You Except Through Symbols And Sound Bites – That You Care About Them

~ VLOTSOTP-YMDYIWTPU-YMGPHIYV-AMTFTVOYO ~ Victory Lies On The Side Of The People – You Must Define Yourself In Ways That People Understand – You Must Give People Hope In Your Victory – And Make Them Fear The Victory Of Your Opponent

~ OOTPSOHMIATTEIAOUTTFGWWAGATFTAWWH ~ One Of The Principal Sources Of Human Misery Is A Tendency That Exists In All Of Us To Take For Granted What We Are Given And To Fail To Appreciate What We Have

~ ALGIHDITPFRTK ~ A Lie Grounded In Human Desire Is Too Powerful For Reason To Kill

GEORGE ORWELL ~ 1984 ~ 1948

~ WS ~ Winston Smith

~ VM ~ Victory Mansions

~ HW ~ Hate Week

~ BBIWY ~ BIG BROTHER IS WATCHING YOU

~ TT-CBD-B-TWNWOSIOC ~ The Telescreen – Could Be Dimmed – But – There Was No Way Of Shutting It Off Completely

~ I ~ INGSOC

~ TP ~ Thought Police

~ AO ~ Airstrip One

~ O ~ Oceania

~ NS ~ Newspeak

~ WIP-FIS-IIS ~ WAR IS PEACE – FREEDOM IS SLAVERY – IGNORANCE IS STRENGTH

~ MOT ~ Ministry Of Truth

~ MOP ~ Ministry Of Peace

~ MOL ~ Ministry Of Love

~ MOP ~ Ministry Of Plenty

~ VG ~ Victory Gin

~ VC ~ Victory Cigarettes

~ NWI-STWNLAL ~ Nothing Was Illegal – Since There Were No Longer Any Laws

~ DT ~ Doublethink

~ OB ~ O’Brien

~ EG-TEOTP-TPT ~ Emmanuel Goldstein – The Enemy Of The People – The Primal Traitor

~ IAWY ~ I Am With You

~ BTHC ~ Back To His Cubicle

~ DWBB ~ DOWN WITH BIG BROTHER

~ PSD-ADTN-EROEYHEDWWO-Y-O-T-E-

~ WSMITPWTIND ~ We Shall Meet In The Place Where There Is No Darkness

~ TCOEAAIITAI ~ The Consequences Of Every Act Are Included In The Act Itself

~ WCTP-CTF-WCTP-CTP ~ Who Controls The Past – Controls The Future – Who Controls The Present – Controls The Past

~ S-YCPYFOADL-B-YCPN ~ Sometimes – You Could Put Your Finger On A Definite Lie – But – You Could Prove Nothing

~ 6079SW ~ 6079 Smith W

~ WDAHTPOFITFL ~ We Don’t All Have The Privilege Of Fighting In The Front Line

~ MH ~ Memory Hole

~ DPU ~ DoublePlusUngood

~ UP ~ Unpersons

~ AHWAP-SCARI-EAOAWN ~ All History Was A Palimpsest – Scraped Clean And Re-Inscribed – Exactly As Often As Was Necessary

~ TEITCOTMOL ~ The Executions In The Cellars Of The Ministry Of Love

~ NITOLITWWVGSEY-TWAONITNTROT-

~ TPANHB ~ The Proles Are Not Human Beings

~ DS-TQLAD-ATAO-IIA-ATSYAW-IIP ~ Duckspeak – To Quack Like A Duck – Applied To An Opponent – It Is Abuse – Applied To Someone You Agree With – It Is Praise

~ TCTC ~ The Chestnut Tree Café

~ PSWNAAMOTTP-BT-IWPTASWWTGDOA ~ Probably She Was Not Actually A Member Of The Thought Police – But Then – It Was Precisely The Amateur Spy Who Was The Greatest Danger Of All

~ ITIH-ILITP-ITWH-IMLITP ~ If There Is Hope – It Lies In The Proles – If There Was Hope – It Must Lie In The Proles

~ WWITTCNSLTAATM? ~ Why Was It That They Could Never Shout Like That About Anything That Mattered?

~ HCYTHMOIWL ~ How Could You Tell How Much Of It Was Lies

~ L-IYLAY-BNR-NOTTLTSOOTT-

~ JA&R ~ Jones, Aaronson And Rutherford

~ NOWHOFITHOTTPEEITE-TWCWTBSBTTG ~ No One Who Had Once Fallen Into The Hands Of The Thought Police Ever Escaped In The End – They Were Corpses Waiting To Be Sent Back To The Grave

~ TPTYTRTEOOEAE-IWT-F-ME-C ~ The Party Told You To Reject The Evidence Of Our Eyes And Ears – It Was Their – Final – Most Essential – Command

~ TDATSATFS-ETGFAWBY-WASD-

~ TL-WTOPETWTPPSA-

~ AO-AFTMAB-WAVS ~ Anything Old – And For That Matter Anything Beautiful – Was Always Vaguely Suspect

~ ILY ~ I Love You

~ J ~ Julia

~ AYWTC-ITOWTBS ~ Always Yell With The Crowd – It’s The Only Way To Be Safe

~ TGC-AL-IAD ~ The Golden Country – A Landscape – In A Dream

~ IYKTSRYCBTBO ~ If You Kept The Small Rules You Could Break The Big Ones

~ GT-NO-IOTABT ~ Goodthinkful – Naturally Orthodox – Incapable Of Thinking A Bad Thought

~ TFHBIEAEOTTP-IWADBMOWECBSNADBI ~ The Family Had Become In Effect An Extension Of The Thought Police – It Was A Device By Means Of Which Everyone Could Be Surrounded Night And Day By Informers

~ WATD ~ We Are The Dead

~ WNDY ~ We’re Not Dead Yet

~ IPC ~ Inner Party Coffee

~ IDLR-TA ~ I Don’t Like Rats – That’s All

~ THS ~ The Hate Song

~ IAOBWAA ~ It’s Always One Bloody War After Another

~ IAW-TWVOTPIIMSOPIOUI-BLOUTRS ~ In A Way – The World-View Of The Party Imposed Itself Most Successfully On People Incapable Of Understanding It – By Lack Of Understanding They Remained Sane

~ CFHC ~ Colonies For Homeless Children

~ TTAPOOC-B-EG ~ The Theory And Practice Of Oligarchical Collectivism – By – Emmanuel Goldstein

~ NIEIOETTP ~ Nothing Is Efficient In Oceania Except The Thought Police

~ IHLBRTTOSBFOIC ~ It Had Long Been Realised That The Only Secure Basis For Oligarchy Is Collectivism

~ CS-SS-AIBIATTOADT-IS-PS ~ Crimestop – Stopping Short – As If By Instinct – At The Threshold Of Any Dangerous Thought – In Short – Protective Stupidity

~ DT-TPOHTCBIOMS-AABOT ~ Doublethink – The Power Of Holding Two Contradictory Beliefs In One’s Mind Simultaneously – And Accepting Both Of Them

~ R101 ~ Room 101

~ IWETCEAIE ~ It Was Easier To Confess Everything And Implicate Everybody

~ AAA-WDNATDTRUAU-SITPWVY-

~ CS ~ Collective Solipsism

~ IYWAPOTF-IABSOAHF-FE ~ If You Want A Picture Of The Future – Imagine A Boot Stamping On A Human Face – For Ever

~ IMBALT-YAADC-BDGUH-EICSOL-

~ ETSPWDOTCOHDTHCR ~ Even The Speck Of Whitish Dust On The Cover Of His Diary They Had Carefully Replaced

~ HAE-TPWA-TPNHBA-HRRCT-BTWFM-

~ IYWTHAS-YMBATHIFY ~ If You Want To Hide A Secret – You Must Be Able To Hide It From Yourself

~ TDHT-TWF ~ To Die Hating Them – That Was Freedom

~ YMLBB-IINETOH-YMLH ~ You Must Love Big Brother – It Is Not Enough To Obey Him – You Must Love Him

~ DITJ-DITJ ~ Do It To Julia – Do It To Julia

~ 2 + 2 = 5 ~ 2 + 2 = 5

ANDREW MCAFEE + ERICK BRYNJOLFSSON ~ MACHINE PLATFORM CROWD ~ 2017

~ TRIAECOM ~ The Rapidly Increasing And Expanding Capabilities Of Machines

~ TRAOLAIYC-TBLRTTEIITI-TUA-P ~ The Recent Appearance Of Large And Influential Young Companies – That Bear Little Resemblance To The Established Incumbents In Their Industries – These Upstarts Are – Platforms

~ TEOTC-TSLAO-HKEAE-DAOTW-ANA-O ~ The Emergence Of The Crowd – The Startlingly Large Amount Of – Human Knowledge, Expertise, And Enthusiasm – Distributed All Over The World – And Now Available – Online

~ R-TBB-M&M-P&P-A-TC&TC ~ Rethink – The Balance Between – Minds And Machines – Products And Platforms – And – The Core And The Crowd

~ AFSITP-AF-LRF-LTP-A-BB-AT-CST-IEAT ~ A Fundamental Shift Is Taking Place – Away From – Long-Range Forecast – Long-Term Plans – And – Big Bets – And Toward – Constant Short-Term – Iteration, Experimentation, And Testing

~ ML-TAASOBSSTCDPAFWSAFSME ~ Machine Learning – The Art And Science Of Building Software Systems That Can Detect Patterns And Formulate Winning Strategies After Being Shown Many Examples

~ HR ~ Hi, Robot

~ VIR-VIS ~ Virtualization Is Reality – Virtualization Is Spreading

~ SPWCTSSH-T-HI-BVIALTTTWGIOTAMGMC ~ Some People Will Continue To Self-Select Human-To-Human Interactions – But Virtualization Is A Long-Term Trend That Will Generally Increase Over Time As Machines Gain More Capabilities

~ TEOFPAI ~ The Economics Of Free, Perfect, And Instant

~ CCTC ~ Curation Counters The Corruptors

~ TAOPW:BD-A-BE ~ The Art Of Platform War: Be Different – And – Be Early

~ HOSP-ETTS-TAOTEOCG-MABROO-C-TDACAPETP ~ Habits Of Successful Platforms – Early To The Space – Take Advantage Of The Economics Of Complementary Goods – Maintain A Broad Rule Of Openness – Curate – To Deliver A Consistent And Positive Experience To Participants

~ DIMMSFYT-TTBYOP-OTPISE? ~ Does It Make More Sense For You To – Try To Build Your Own Platform – Or To Participate In Someone Else’s?

~ IMTOPAE-WSAPATY? ~ If More Than One Platform Already Exists – Why Should Anyone Pay Attention To Yours?

~ WVAYO-O-PAYS-FYIU? ~ What Value Are You Offering – Or – Problem Are You Solving – For Your Intended Users?

~ TPOPI ~ The Perils Of Perishing Inventory

~ TTL-LA ~ To Tread Lightly – Leverage Assets

~ GIAALTI ~ Giving It Away And Locking Them In

~ DD ~ Durable Differentiation

~ WANP ~ Writing A New Playbook

~ WTGRC-DLTTE-I-CITO ~ When Things Get Really Complex – Don’t Look To The Experts – Instead – Call In The Outsiders

~ DE-LAH-SFAROBTDTQOTW-TBS-SATWDBTOAC-BSATLTWO ~ Domain Experts – Like All Humans – Suffer From A Range Of Biases That Degrade The Quality Of Their Work – These Blind Spots – Such As The Well-Documented Biases Toward Overconfidence And Confirmation – Become Stronger And Thus Lead To Worse Outcomes

~ ICEBTM-‘E’-AAEAA-TTBKTATROUATAATQOTW ~ It Could Even Be That Many – “Experts” – Actually Aren’t Expert At All – That They’ve Been Kidding Themselves And The Rest Of Us About Their Abilities And The Quality Of Their Work

~ IT-CFCTSW-ICBQHTDWAKWTTA ~ In Today’s – Complex, Fast-Changing, Technologically Sophisticated World – It Can Be Quite Hard To Distinguish Who Actually Knows What They’re Talking About

~ TKOTC-CEBOOD-TCCBS-WTCRC ~ The Knowledge Of The Core – Can Easily Become Out Of Date – The Core Can Become Stale – While The Crowd Really Can’t

~ TCISV-ILP-BIMM-GIA/OS-FAOC ~ The Crowd Is So Valuable – In Large Part – Because It’s Massively Marginal – Geographically, Intellectually, And/Or Socially – From Any Organization’s Core

~ OAOA-TREOTCSTPBBUACIMOTC ~ Over And Over Again – The Recognized Experts Of The Core See Their Performance Beaten By Uncredentialed And Conventionally Inexperienced Members Of The Crowd

~ TCCNAALWENMOAC ~ The Crowd Can Now Accomplish A Lot Without Ever Needing Much Of A Core

~ DAO ~ Decentralized Autonomous Organization

01-10-2017

~ TITY ~ This Is The Year

~ TPHTLOTDM ~ The Psychologists Have Their Lists Of These Dysfunctional Motivations ~ George Akerlof + Robert Shiller ~ Phishing For Phools

~ M&M-TWHNICOWEBMP-AUAU-ACTTF ~ More And More – Things We Had No Idea Could Or Would Ever Be Made Public – And Used Against Us – Are Coming To The Fore ~ Hal Niedzviecki ~ The Peep Diaries

~ IWABDTITCADC-ATAIT-WGE-THNCOTCPA ~ It Was A Bit Dishonest To Insist That Countries Adopt Democratic Constitutions – And Then Also Insists That – Whoever Gets Elected – They Have No Control Over Their Country Policies Anyway ~ David Graeber ~ Debt – The First 5,000 Years

~ TBMSE-C ~ The Best Marketing Strategy Ever – Care ~ Gary Vaynerchuk ~ Crush It!

~ CWS ~ Celebrity Worship Syndrome ~ Hal Niedzviecki ~ Hello. I’m Special

~ TIOIDNFFTCOASD ~ Three Inches Of Ice Does Not Form From The Cold Of A Single Day

~ WAWSC-10,000P-RTPID ~ When A Wall Starts Collapsing – 10,000 People – Rush To Push It Down

~ TMTAPSW-TV-TMMTPS ~ The More Time A Person Spends Watching – TV – The More Money That Person Spends ~ Hal Niedzviecki ~ Hello. I’m Special

~ HAASS-WR-BAOTPITG-WAPD-EITCP ~ Humans Are A Social Species – We Reward – By Allowing Others To Participate In The Group – We Also Punish Defectors – Exclusion Is The Corresponding Punishment ~ Bruce Schneier ~ Liars And Outliers

~ MIWTTCNPTWTATS ~ New Institutions Will Try To Create New Problems To Which They Are The Solution ~ Tom Slee ~ What’s Yours Is Mine

~ TLB-CD-A-UOSAPTETPWAFAISA-IATO ~ The Line Between – Chronicling Dissent – And – Using One’s Status As Protester To Enter The Pop World And Further An I’m Special Agenda – Is A Thin One ~ Hal Niedzviecki ~ Hello. I’m Special

~ PSI ~ Public Sector Information

~ WRMM ~ Weather Risk Management Market

~ CO ~ Crowding Out

~ WLIACW-EIP-EIC-EIAOITQFS-ETTTAATL(BRCN) ~ We Live In A Culture Where – Everything Is Permissible – Everything Is Celebrated – Everything Is An Option In The Quest For Special – Even Those Things That Are Against The Law (But Relentlessly Celebrated Nevertheless) ~ Hal Niedzviecki ~ Hello. I’m Special

~ ATLO-CAAPP-FPFG ~ Appropriating The Language Of – Collective Action And Progressive Politics – For Private Financial Gain ~ Robert Frank ~ Success And Luck

~ ICWLASCAUD-T-TTAI-RTRT ~ In Contexts Were Literacy And Social Capital Are Unevenly Distributed – Technology – Tends To Amplify Inequalities – Rather Than Reduce Them ~ Kentaro Toyama

~ ATHPIICLTTAF-TFI-THAE ~ Among The Highly Placed It Is Considered Low To Talk About Food – The Fact Is – They Have Already Eaten ~ Bertolt Brecht

~ TMM ~ The Missing Middle ~ Matthew Hindman ~ The Myth Of Digital Democracy

~ TPWWTFTIOY-AATPWIATMI ~ The People Who Want To Force Their Ideas On You – Are Always The People Whose Ideas Are The Most Idiotic ~ William Bonner + Lila Rajiva ~ Mobs Messiahs And Markets

~ BTB ~ Believe Then Become ~ Joe Calloway ~ Becoming A Category Of One

~ BPUAOC-O-MANO-TPCSSAWMOGE ~ By Playing Upon An Old Cliche – Or – Manipulating A New One – The Propagandist Can Sometimes Swing A Whole Mass Of Group Emotions ~ On Dialogue

~ ITT ~ Inspirational Technology Tales ~ Robert Frank ~ Success And Luck

~ WCSJATOPAP-TMWMCWTWSPAP-TMWDOCFJAT-B-AAIOAA-TABAH ~ We Can Serve Justice And Truth Or Privilege And Power – The More We Make Compromises With Those Who Serve Privilege And Power – The More We Diminish Our Capacity For Justice And Truth – Better – As An Intellectual Or An Artist – To Always Be A Heretic ~ Chris Hedges ~ Unspeakable

~ TPOLINTBH-BTM-TBP-TBU-THIMSDTYLAA ~ The Purpose Of Life Is Not To Be Happy – But To Matter – To Be Productive – To Be Useful – To Have It Make Some Difference That You Lived At All ~ Leo Rosten

~ OWLHTD-W-M-FOF-F-AW-PAPB-WCLHTL ~ Once We Learn How To Die – Which – Means – Freeing Ourselves From – Fear – Along With – Psychic And Psychological Bondage – We Can Learn How To Live ~ Chris Hedges ~ Unspeakable

~ WCT-AAWALOMBI-WOITOTAWIIWABS ~ When Coupled To – An Agenda With A Lot Of Money Behind It – We Owe It To Ourselves To Ask What It Is We Are Being Sold ~ Robert Frank ~ Success And Luck

JAMES KWAK ~ ECONOMISM

~ BEATROI ~ Bad Economics And The Rise Of Inequality

~ E-ROTPT-PCAM-BAT-TA-TDIOAE101T-ETTABTDVNHTITRW ~ Economism – Rests On The Premise That – People, Companies, And Markets – Behave According To – The Abstract – Two-Dimensional Illustrations Of An Economics 101 Textbook – Even Though The Assumptions Behind Those Diagrams Virtually Never Hold True In The Real World

~ EIAILTWPMSOR-BICTAO-‘E’-ECBAPRT ~ Economism Is An Interpretive Lens Through Which People Make Sense Of Reality – Because It Claims The Authority Of – “Economics” – Economism Can Be A Powerful Rhetorical Tool

~ WSEACSMP-ITWTMOJTESO-ATITIG-WETFOAATCI ~ While Superficial Economic Arguments Can Serve Multiple Purposes – In Today’s World They Most Often Justify The Existing Social Order – And The Inequality That It Generates – While Explaining The Futility Of Any Attempt To Change It

~ RARWQTSMAATITST-ITS-EILAI ~ Reducing All Real-World Questions To Simple Models And Answering Them In The Same Terms – In This Sense – Economism Is Like An Ideology

~ TCJFGDOW-INLTTSHWDBG-OTTSOTFIRFTPOTS-I-IIN-EC-BIITNOOAESTPTGGTTGN ~ The Common Justification For Great Disparities Of Wealth – Is No Longer That The Social Hierarchy Was Dictated By God – Or That The Survival Of The Fittest Is Required For The Progress Of The Species – Instead – Inequality Is Necessary – Even Celebrated – Because It Is The Natural Outcome Of An Economic System That Provides The Greatest Good To The Greatest Number

~ TAOETPAASRTRDIOSOIS ~ The Ability Of Economism To Pass As Abstract Science Rather Than Rhetorical Device Is One Source Of Its Strength

~ EIAIBOISEAEP-ACUPOTW-WCBCQAE-DWMAUF ~ Economism Is Also Influential Because Of Its Sedative Elegance And Explanatory Power – A Clean, Uncluttered Picture Of The World – Which Can Be Communicated Quickly And Easily – Dispensing With Messy And Uncooperative Facts

~ ASSOAC-BOAUA-HBSWICS ~ A Small Set Of Abstract Concepts – Based On Admittedly Unrealistic Assumptions – Has Become So Widespread In Contemporary Society

~ IALETMACITAWOSADC-TIIITRWOPAI ~ It’s A Lost Easier To Make A Case In The Abstract World Of Supply And Demand Curves – Than It Is In The Real World Of People And Institutions

~ IGPPWTBUTAISOS-WTSTIOTG-OPIWAFIOTW ~ Ideas Gain Power Precisely When They Become Useful To An Important Segment Of Society – When They Support The Interests Of That Group – Or Provide It With A Favorable Interpretation Of The World

~ EEBPAOSHTCUBEPTTA ~ Economism Exists Because People And Organizations Saw How They Could Use Basic Economic Principles To Their Advantage

~ AWFFBMEIP-MDCRTEI ~ As Wealthy Family Foundations Became More Engaged In Politics – Many Devoted Considerable Resources To Economic Ideas

~ BBTPO-PT-SI-AWP-TECTAJDUE-ASOTET-T-CCTBUWEFTPOPTO ~ Befuddled By The Popularity Of – Progressive Taxes – Social Insurance – And Welfare Programs – These Entrepreneurs Concluded That Americans Just Didn’t Understand Economics – And Set Out To Educate Them – Today – Commentators Continue To Blame Unfamiliarity With Economics For The Popularity Of Policies They Oppose

~ MICWDNSIEIARATVOE ~ Many Influential Commentators Who Do Not Specialize In Economic Issues Also Routinely Adopt The Vocabulary Of Economism

~ TMNEBMIASWOPADSAEI ~ The Media Normalize Economism By Making It A Standard Way Of Presenting And Discussing Social And Economic Issues

~ TFTCCWOUSBFE101-DTPVOE-IOTATSR ~ The Fact That Candidates Can Win Office Using Sound Bites From Economics 101 – Demonstrates The Political Viability Of Economism – Inspiring Others To Adopt The Same Rhetoric

~ EFBAAEDTAAAWODAFTRI ~ Economism Functions Both As An Effective Debating Tool And As A Way Of Distracting Attention From The Real Issues

~ ATPOE-TPRITBBAWEP-R-LIBASIAM-YMWYD-EPTPJFT-W-T-A-RS-ALFTWPOV-H-WHRMMSTP-TDHTPTPLADBNP-NPP ~ According To The Principles Of Economism – The People Raking In The Big Bucks Are Worth Every Penny – Remember – Labor Is Bought And Sold In A Market – You Make What You Deserve – Economism Provides The Perfect Justification For The – Winner-Take-All – Reward Scale – At Least From The Winner’s Point Of View – However – Wages Have Risen Much More Slowly Than Productivity – This Divergence Highlights The Possibility That Pay Levels Are Determined By Negotiating Power – Not Pure Productivity

~ ECRPFS-AGTINJTWBAOPWRFAIITSM ~ Excessive Compensation Reduces Profits For Shareholders – A Group That Includes Not Just The Wealthy But Also Ordinary People Whose Retirement Funds Are Invested In The Stock Market

~ ALTSTT-TCBMBI-CCETMDTMTBBHTCITLR ~ Awards Linked To Short-Term Targets – That Can Be Manipulated By Insiders – Can Cause Executives To Make Decisions That Maximize Their Bonuses But Harm The Company In The Long Run

~ FC-WSGWHBACPQ-ERTQFTPSTTAROT-IWTCLMPTPIS ~ For Centuries – Who Should Get What Has Been A Central Political Question – Economism Removes The Question From The Political Sphere To The Abstract Realm Of Theory – In Which The Competitive Labor Market Provides The Perfect, Indisputable Solution

~ OOTCPOEITTA-VVB-AU-YCMTAEUAS-A-DD-TITHTDPFWATMSWOIPTSMDETOE ~ One Of The Core Principles Of Economism Is That Taxes Are – Very, Very Bad – As Usual – You Can Make The Argument Easily Using A Supply-And-Demand Diagram – The Idea That Higher Taxes Discourage People From Working And Therefore Make Society Worse Off Is Probably The Single Most Deeply Entrenched Tenet Of Economism

~ TOIIHFPITUSOTPSY-WNOIIESOG-TEEMRIT1950A1960-APWTTROMIIW70%OH ~ Taxes On Investment Income Have Fallen Precipitously In The United States Over The Past Seventy Years – With No Obvious Increase In Either Savings Or Growth – The Economy Expanded Most Rapidly In The 1950s and 1960s – A Period When The Tax Rates On Most Investment Income Were 70 Percent Or Higher

~ TROCGHHLIEOSOOEG ~ Tax Rates On Capital Gains Have Had Little Impact Either On Savings Or On Economic Growth

~ MPABUOTTR-MHBFDABNOSCIROR-BOPR-SA-‘SWILOAE’ ~ Many People Are Blissfully Unaware Of Their Tax Rates – Most Human Beings’ Financial Decisions Are Based Not On Sophisticated Calculations Involving Rates Of Return – But On Primitive Rules – Such As – “Save Whatever Is Left Over After Expenses”

~ LTRITAOMTTGHTB-RTCATTPS ~ Lower Tax Revenues Increase The Amount Of Money That The Government Has To Borrow – Reducing The Capital Available To The Private Sector

~ TSMSTLITWISAGDHUTS-LPKMOTSDNAMTTWM ~ The Simple Model Saying That Lower Investment Taxes Will Increase Savings And Growth Doesn’t Hold Up To Scrutiny – Letting People Keep More Of Their Salaries Does Not Always Motivate Them To Work More

~ AGISAMBWWOCAOSTWDNTTPSTLAE-ASTQOWTAWDOWFWEFOGAHWIFT ~ A Government Is Simply A Mechanism By Which We Organize Certain Aspects Of Society That We Do Not Trust The Private Sector To Look After Effectively – And So The Question Of Whether Taxes Are Worthwhile Depends On What Functions We Expect From Our Government And How Well It Fulfills Them

~ TGPOAWITSTBOWPBIEP ~ The Greatest Power Of A Worldview Is To Set The Boundaries Of What People Believe Is Even Possible

~ ERMFTPHBIACWBIAWOE-IFC ~ Economism’s Rosy Model Failed To Predict How Both Individuals And Companies Would Behave In A World Of Ever-Increasing Financial Complexity

~ I2008-WRTLTACMDNMETCFTIMPU-I-P-SBLBPACTMTIGIWTDLDAWR-SOATMS ~ In 2008 – We Relearned The Lesson That A Competitive Market Does Not Magically Ensure That Capital Flows To Its Most Productive Uses – Instead – Profit-Seeking Behavior Leads Both People And Companies To Maximize Their Individual Gains In Ways That Distort Lending Decisions And Waste Resources – Sometimes On A Truly Monumental Scale

~ TMTNCALAMCTE-A-CRASTLTETTBWSTNCI ~ The Megabanks That Nearly Collapsed Are Larger And More Complex Than Ever – And – Capital Requirements Are Still Too Low To Ensure That Those Banks Will Survive The Next Crisis Intact

~ IARWLM-TADCCL ~ In A Real-World Labor Market – Trade Agreements Do Create Clear Losers

~ TGAOEHBT-RAPI-AAL-E-T-U-SN-FFSTW ~ The Great Achievement Of Economism Has Been To – Repackage A Political Ideology – As A Lightweight – Easy-To-Use – Seemingly Neutral – Framework For Seeing The World

~ BCTSOAT-EDTTIADAA-TWSITWII-IYDA-YMNUE101 ~ By Claiming The Status Of Absolute Truth – Economism Denies That There Is Any Debate At All – The World Simply Is The Way It Is – If You Don’t Agree – You Must Not Understand Economics 101

~ EPAIRIOCPI-PCTOAAA-WPOTTM ~ Economism Plays An Important Role In Our Contemporary Political Institutions – Prioritizing Certain Types Of Analyses And Arguments – While Pushing Others To The Margins

~ FASTBR-CMANE-TMAB-PDPI-TPEF-MP-SC-A-SAESOR ~ For A Society To Become Rich – Competitive Markets Are Not Enough – There Must Also Be – Pluralistic Democratic Political Institutions – That Prevent Elites From – Monopolizing Power – Suppressing Competitors – And – Seizing An Excessive Share Of Resources

~ U-IWTANWTDBWTO ~ Ultimately – It Will Take A New Worldview To Do Battle With The Old

GEORGE AKERLOF + ROBERT SHILLER ~ PHISHING FOR PHOOLS ~ 2015

~ P-GPTDTTAITIOTP-B-NITIOTT ~ Phish – Getting People To Do Things That Are In The Interests Of The Phisher – But – Not In The Interest Of The Target

~ P-SW-FWR-ISP ~ Phool – Someone Who – For Whatever Reasons – Is Successfully Phished

~ PFS-AFFOELHNMIITET-NOWTGTBANWATB-YMPD ~ Personal Financial Insecurity – A Fundamental Fact Of Economic Life Has Never Made It Into The Economics Textbooks – No One Wants To Go To Bed At Night Worried About The Bills – Yet Most People Do

~ BP-CSLTC-‘BP’-TMTCF-SSAF-YNOWTBO ~ Big Phood – Commissions Scientific Laboratories To Calculate – “Bliss Points’ – That Maximize The Craving For – Sugar, Salt, And Fat – Yet No One Wants To Be Obese

~ TPHTUOTCOMTAC-TPFMDTANITBI-TDNDWIRGFT-TDNCWTRW ~ The Psychologists Have Taught Us Over The Course Of More Than A Century – That People Frequently Make Decisions That Are Not In Their Best Interest – They Do Not Do What Is Really Good For Them – They Do Not Choose What They Really Want

~ WTACFM-TINOFTC-TIAFTP ~ When There Are Completely Free Markets – There Is Not Only Freedom To Choose – There Is Also Freedom To Phish

~ WAPB-WWTRGAF-WWTBNTPWL-WDNWTDA-WTTFOIDHTB-WWODTBIC-A-WAATTL ~ We Are Phisable Because – We Want To Reciprocate Gifts And Favors – We Want To Be Nice To People We Like – We Do Not Want To Disobey Authority – We Tend To Follow Others In Deciding How To Behave – We Want Our Decisions To Be Internally Consistent – And – We Are Averse To Taking Losses

~ NTDB-OITOORT-A-OITOOMOTST-MAGDTOL-IAMRWJLPB-FTC-LTSEP ~ Noticing The Difference Between – Optimality In Terms Of Our Real Tastes – And – Optimality In Terms Of Our Monkey-On-The-Shoulder Tastes – Makes A Great Difference To Our Lives – It’s A Major Reason Why Just Letting People Be – Free To Choose – Leads To Serious Economic Problems

~ TMG-TBWTPFMITLTPT-B-JBWCSTMDNMIT ~ The Mantra Goes – The Best Way To Police Financial Markets Is To Let Them Police Themselves – But – Just Because We Can Say The Mantra Does Not Make It True

~ RM-TM-O-LDDDFP-OW-WRFI ~ Reputation Mining – The More-Or-Less Deliberate Drawing Down For Profit – Of Hard-Won Reputation For Integrity

~ TEO-‘RB’-WTWE ~ The Era Of – “Relational Banking” – Where Trust Was Essential

~ HDIATIBC-STTWNLTFOTB? ~ How Did Incentives At The Investment Banks Change – So That Trust Was No Longer The Foundation Of Their Business?

~ TEO-‘PTCIF’-CNLBTFG ~ The Ethic Of – “Placing The Client’s Interest First” – Can No Longer Be Taken For Granted

~ TCOIFRPFBIOSR ~ The Conflict Of Interest From Ratings Paid For By Issuers Of Securities Remains

~ RSOTLFPCBHRITFS ~ Relatively Small Opportunities To Loot For Profit Can Bring Huge Risks Into The Financial System

~ ORTPIR ~ One Response To Phishing Is Regulation

~ NIATIDNIYEP-SOT-I-GNWTPFP ~ New Ideas And Technical Innovation Do No Invariably Yield Economic Progress – Some Of Them – Instead – Give New Ways To Phish For Phools

~ TAI-WDATP-SSM-A-SIMCF ~ There Are Idealists – Who Draw Attention To Phishing – Start Social Movements – And – Set In Motion Corrective Forces

~ THMNTITON-MOOTFAPSTAC-MACBVAGSOIOOTMNIOM ~ The Human Mind Naturally Thinks In Terms Of Narratives – Much Of Our Thought Follows A Pattern Similar To A Conversation – Most Advertising Can Be Viewed As Grafting Stories Of Its Own Onto The Mental Narratives In Our Minds

~ MSTNTMAA-BPAP-WAHTP ~ Modern Statistical Techniques Now Tell Marketers And Advertisers – Both Private And Political – Where And How To Phish

~ TWOAAMISAGTRMACTRS ~ The World Of Advertising And Marketing Is Still About Getting The Right Message And Creating The Right Story

~ BAOTBOFMSNABUTTD ~ Being Aware Of The Benefits Of Free Markets Should Not Also Blind Us To Their Defects

~ RE-PAAATR ~ Rankings Everywhere – People Are Addictively Attracted To Rankings

~ CTCR-AEAARAB ~ Compared To Cancer Research – Alcohol Epidemiology And Alcohol Research Are Backwaters

~ BFP ~ Bankruptcy For Profit

~ TCWKDTR ~ The Can Was Kicked Down The Road

~ TROMFR ~ The Role Of Misleading Financial Ratings

~ SE-PNCS-B-IF-WLIACOP ~ Standard Economics – Presumes No Civil Society – But – In Fact – We Live In A Community Of People

~ MP-ISWOO-COGNBOTO-‘S’-PATT-S-TAISTOSWANO ~ Most Phishing – In Some Way Or Other – Consists Of Grafting New Branches Onto The Old – “Stories” – People Are Telling Themselves – Sometimes – It Also Involves Supplanting The Old Story With A New One

~ MEIFTGWDAT-PNASTDHBSUTR ~ Modern Economics Inherently Fails To Grapple With Deception And Trickery – Peoples Naiveté And Susceptibility To Deception Have Been Swept Under The Rug

~ TPHTLOTDM ~ The Psychologists Have Their Lists Of These Dysfunctional Motivations

~ SODAUBOTSWATOAOS-TGUATCOM-TAUTUHMPFPH-TSAQM-JCPFAOCCTDTM ~ Since Our Decisions Are Usually Based On The Stories We Are Telling Ourselves About Our Situation – This Give Us A Transparent Characterization Of Motivation – That Allows Us To Understand How Most Phishing For Phools Happens – These Stories Are Quite Manipulable – Just Change People’s Focus And One Can Change The Decisions They Make

ROBERT PAXTON ~ “MOBILIZING PASSIONS” ~ THE ANATOMY OF FASCISM

~ ASOOCBTROATS ~ A Sense Of Overwhelming Crisis Beyond The Reach Of Any Traditional Solutions

~ TPOTG-TWOHDSTER-WIOU-ATSOTITI ~ The Primacy Of The Group – Toward Which One Has Duties Superior To Every Right – Whether Individual Or Universal – And The Subordination Of The Individual To It

~ TBTOGIAV-ASTJAA-WLOML-AIE-BIAE ~ The Belief That One’s Group Is A Victim – A Sentiment That Justifies Any Action – Without Legal Or Moral Limits – Against Its Enemies – Both Internal And External

~ DOTGDUTCEO-IL-CC-AI ~ Dread Of The Group’s Decline Under The Corrosive Effects Of – Individualistic Liberalism – Class Conflict – Alien Influences

~ TNFCIOAPC-BCIP-O-BEVIN ~ The Need For Closer Integration Of A Purer Community – By Consent If Possible – Or – By Exclusionary Violence If Necessary

~ TNFABNC-AM-CIANCWICOITGHD ~ The Need For Authority By Natural Chiefs – Always Male – Culminating In A National Chieftain Who Alone Is Capable Of Incarnating The Group’s Historical Destiny

~ TSOTLIOAAUR ~ The Superiority Of The Leader’s Instincts Over Abstract And Universal Reason

~ TBOVATEOW-WTADTTGS ~ The Beauty Of Violence And The Efficacy Of Will – When They Are Devoted To The Group’s Success

~ TROTCPTDOWRFAKOHODL-RBDBTSCOTGPWADS ~ The Right Of The Chosen People To Dominate Others Without Restraint From Any Kind Of Human Or Divine Law – Right Being Decided By The Sole Criterion Of The Group’s Prowess Within A Darwinian Struggle