DAVID EDWARD + DAVID CROMWELL ~ NEWSPEAK IN THE 21ST CENTURY ~ 2009

~ AAU-U-OM-ABCC-PD-OIRRAC-FTS-CR-TTTP ~ All Around Us – Unseen – Our Media – Are Being Continuously Cleansed – Pore-Deep – Of Important Rational Reporting And Commentary – For The Simple – Crude Reason – That They Threaten Profits

~ NIAPOTP-MATOOVATLOCV ~ News Is A Procession Of The Powerful – Marvel At The Orthodoxy Of Views And The Lack Of Critical Voices

~ WTCCH-WWGASOBSAEHFM-TEASWSBD-B-TWTPWHCTP ~ When The Credit Crunch Hit – We Were Given A Succession Of Bankers, Stockbrokers And Even Hedge-Fund Managers – To Explain And Say What Should Be Done – But – These Were The People Who Had Caused The Problem

~ TAPFVMTP-TTRWTASMPPIB-TRHTTBOTDW ~ There Are Precious Few Voices Making The Point – That The Reason Why There Are So Many Poor People Is Because – The Rich Have Taken The Bulk Of The Disposable Wealth

~ WDCB-S-P-O-I-LAIAAO ~ Where Dissidents Cannot Be – Sacked – Patronised – Or – Ignored – Legal Action Is Always An Option

~ AKFDTPSITHCFSD ~ A Key Force Driving The Propaganda System Is The Human Capacity For Self-Deception

~ MJCBETASACHNATTACTTNOP ~ Many Journalist Clearly Believe Everything They Are Saying And Clearly Have No Awareness That They Are Conforming To The Needs Of Power

~ TDTI-MPAM-HAACTM-J-‘TI’ -SUAR-WCOITO ~ The Disturbing Truth Is – Mainstream Politics And Media – Have An Astonishing Capacity To Make – Just – ‘This’ – Issue Seem Urgent And Real – While Consigning Other Issues To Oblivion

~ TTFAPJITB-‘R’-TM-TATPODSBPI-ATITHCOHOHA ~ The Temptation For A Professional Journalist Is To Be – ‘relevant’ – To Matter – To Accept The Parameters Of Debate Set By Powerful Interests – And To Ignore The Human Costs Of His Or Her Actions

~ WBOVORAKFOU-‘S’-WWTPFCFAI-TMASIFOSOIAS-TLLWATAECI ~ We Build Our Version Of Reality Around Key Frameworks Of Understanding – ‘Schemas’ – Which We Then Protect From Conflicting Facts And Ideas – The More Important A Schema Is For Our Sense Of Identity And Security – The Less Likely We Are To Accept Evidence Contradicting It

~ CTDEVTTMPUWAMOLHROTW ~ Challenge The Deeply Entrenched View That The Media Present Us With A More Or Less Honest Revision Of The World

~ TPPOTMIAWAWP-AAPOHS ~ The Propaganda Performance Of The Media Is A Weird And Wonderful Phenomenon – An Astonishing Product Of Human Society

~ TTABETOOC-WFOTCOO-ITGMOB ~ To Turn A Blind Eye To Our Own Crimes – While Focusing On The Crimes Of Others – Is To Guarantee More Of Both

~ TTOPITAPFLAMTS ~ The Task Of Propaganda Is To Apply Power-Friendly Labels And Make Them Stick

~ A-‘C’-IRTSCAITTBLC-ASWFNCATIOTPMOFOS-TINCATCDO-CEPPAFP ~ All – ‘Conversation’ – Is Required To Step Carefully Around Issues Threatening The Bottom Line Concern – And So We Find No Conversation About The Impact Of The Profit Motive On Freedom Of Speech – There Is No Conversation About The Corporate Domination Of – Culture, Economics, Party Politics And Foreign Policy

~ WCHTBRSODAAR ~ We Cannot Hope To Base Real Solutions On Dishonest Analysis And Reporting

~ CJRTWFOFTRCODDJ-SSB ~ Compassionate Journalism Requires That We Free Ourselves From The Root Cause Of Dishonest, Destructive Journalism – Self-Serving Bias

~ AROCATOMABATO ~ A Rule Of Conduct Applied To Others Must Also Be Applied To Ourselves

~ WCRTGIOHH-TSCTUAFHICM ~ We Can Realise The Great Irony Of Human Happiness – That Self-Centredness Takes Us Away From Happiness Into Claustrophobic Misery

~ GCDNAOOGOS-IAOOA-S-OOTA-TEIAPP-A-CFOITPTGGAH ~ Greater Compassion Does Not Arise Out Of Guilt Or Shame – It Arises Out Of Awareness – Specifically – Out Of The Awareness – That Egotism Is A Painful Prison – And – Concern For Others Is The Path To Genuine Freedom And Happiness

~ IINETAIWPA-IWATOM-WMAOH ~ It Is Not Enough To Address Ignorance With Political Argument – If We Are To Open Minds – We Must Also Open Hearts

~ GAHMSAC-BTWITTDNDS-TDNLTGH ~ Greed And Hatred May Seem All-Conquering – But Their Weakness Is That They Do Not Deliver Solutions – They Do Not Lead To Genuine Happiness

NEIL COLE ~ ORGANIC LEADERSHIP ~ 2009

~ TFOLI-TP-ML-N-MF ~ The Function Of Leadership Is – To Produce – More Leaders – Not – More Followers

~ ECOWOVT-YMHRBAAS-B-YANAEUYHTI ~ Experience Changes Our Way Of Viewing Things – You May Have Read Books About A Subject – But – You Are Not An Expert Until You Have Tasted It

~ ICL-WMLF-C-N-DI-PS-O-MS ~ In Choosing Leaders – We Must Look For – Character – Not – Doctrinal Integrity – Preaching Style – Or – Managerial Skills

~ MAIHTGBETL-YCSALGI-ALIIAFMOW ~ Moral Authority Is Hard To Gain But Easy To Lose – You Can Spend A Lifetime Getting It – And Lose It In A Few Moments Of Weakness

~ OFSTHLATIIAHNMTL-LDIALP ~ Only Fools Say They Have Learned All That Is Important And Have Nothing More To Learn – Leadership Development Is A Lifelong Process

~ TOUWAL-HATTOOWAUTVOSLTOW ~ Those Of Us Who Are Leaders – Have A Tendency To Overestimate Our Words And Underestimate The Value Of Simply Listening To Others’ Words

~ It Is Not Uncommon – Someone – Who Listens Very Little – And – Talks Way Too Much ~ IINU-S-WLVL-A-TWTM

~ TL:PWLM-TSM:NORL ~ Talk Less: People Would Listen More – Talk So Much: No One Really Listens

~ TFSNTBAGLOLITATALTP-TINAEFL-BTTTBPWA ~ The First Skill Needed To Be A Good Leader Of Leaders Is The Ability To Actually Listen To People – This Is Not As Easy For Leaders – Because They Tend To Be People With Answers

~ LAAGQ-ATISFL-BTCDOTELLIL ~ Listening And Asking Good Questions – Are Two Important Skills For Leaders – Because They Can Draw Out The Emerging Leader’s Learning In Life

~ WWHSTUS-TGOSFIOUACEBF-DSOIAMDLOL-A-INEF ~ When We Hear Someone Tell Us Something – It Goes Only So Far In Our Understanding And Can Easily Be Forgotten – Discovering Something Ourselves Is A Much Deeper Level Of Learning – And – Is Not Easily Forgotten

ALAN WHITEHORN ~ BASED ON WORK BY GREGORY STANTON ~ THE STEPS AND STAGES OF GENOCIDE

~ C-USDSTIVAOWEC ~ Classification ~ Using Simplistic, Dualistic Stereotypes That Ignore Variations And Overlaps Within Each Category

~ S-CSFDTJ ~ Symbolization ~ Classification Slips From Describing To Judging

~ D-TVGIPAFOTMCAPANB-TSFSA-A-EDABLTFH ~ Dehumanization ~ The Victim Group Is Portrayed As Falling Outside The Main Community And Perceived As Not Belonging – Then Scapegoated For Society’s Ills – And – Eventually Described As Being Less Than Fully Human

~ O-MBOMOVG-ASCBAOTVDPFA ~ Organization ~ Mobilization Begins Of Militia Or Vigilante Groups And State Censorship Blocks Accounts Of The Victims’ Desperate Pleas For Assistance

~ PAIE-TASFAMLI-STVGOICR-SOOPPTMRTVGAD ~ Polarization And Increased Inequality ~ The Authoritarian State Formalizes And Magnifies Legal Inequalities – Stripping The Victim Group Of Its Citizenship Rights – Social Organizations Or Political Parties That Might Represent The Vulnerable Group Are Disbanded

~ P-TIVNTBI-OFTWIS-L-SFTP-A-D-DLADUWNOPRLATT ~ Preparation ~ The Intended Victims Need To Be Identified – Often Forced To Wear Identifying Symbols – Located – Separated From The Public – And – Disarmed – Death Lists Are Drawn Up With Names Of Potential Resistance Leaders At The Top

~ E-TKMBDBFNFADCORHFSMGOWTABGWTV-BMO-TKIBFVGMOPSEU-FBTPATA ~ Extermination ~ The Killing May Be Done By Former Neighbours From A Different Clan Or Religion Hoping For Some Material Gain Or Wishing To Avoid Being Grouped With The Victims – But More Often – The Killing Is By Fanatical Vigilante Groups, Militias Or Paramilitary Special Extermination Units – Facilitated By The Police And The Army

~ D-TCDAMIOTEOSPAEASOSAC-TVTABFCTTTOTWBT ~ Denial ~ The Conspirators Deny Any Malevolent Intent Or The Existence Of Secret Plans And Employ A Screen Of Secrecy And Censorship – The Victims Themselves Are Blamed For Causing The Terrible Times Or Triggering What Befell Them

BRUCE SCHNEIER ~ RULES FOR SUCCESSFULLY MANAGING COMMONS ~ BASED ON WORK BY ELINOR OSTROM ~ LIARS AND OUTLIERS ~ 2012

~ EMUTGIAKWTGNI ~ Everyone Must Understand The Group Interest And Know What The Group Norm Is

~ TGMBATMTN ~ The Group Norm Must Be Something That The Group Actually Wants

~ The Group Must Be Able To Modify The Norm

~ AIDWETGNMBATTG-SIESR ~ Any Institution Delegated With Enforcing The Group Norm Must Be Accountable To The Group – So It’s Effectively Self-Regulated

~ TPFDMBCWTSOTD ~ The Penalties For Defecting Must Be Commensurate With The Seriousness Of The Defection

~ TSFAPMB-CFEARC ~ The System For Assessing Penalties Must Be – Consistent, Fair, Efficient, And Relatively Cheap

~ TGMBATDIOIPANHIIFOTG ~ The Group Must Be Able To Develop Its Own Institutional Pressure And Not Have It Imposed From Outside The Group

~ ITALGALGI-TTGNTBSPANIML-EOATSL ~ If There Are Larger Groups And Larger Group Interests – Then The Groups Need To Be Scaled Properly And Nested In Multiple Layers – Each Operating Along These Same Lines

BRUCE SCHNEIER ~ LIARS AND OUTLIERS ~ 2012

~ SOUAMCMHMAAF-ASOUALS-TIODSS-WHTFTSBDS ~ Some Of Us Are More Cooperative, More Honest, More Altruistic, And Fairer – And Some Of Us Are Less So – There Isn’t One Dominant Survival Strategy – We Have The Flexibility To Switch Between Different Strategies

~ TWABAGOPWWTTTWGB-TBWCHFITDWOBD-AWENED-KTPDTATL ~ There Will Always Be A Group Of People Who Will Try To Take Without Giving Back – The Best We Can Hope For Is To Do What Our Bodies Do – And What Every Natural Ecosystem Does – Keep Those Parasites Down To A Tolerable Level

~ WDKTAIATDBOIAM-KPAMLTR ~ We Do Know That Agreeableness Is A Trait Desired By Others In A Mate – Kind People Are More Likely To Reproduce

~ O-AHRDSB-NIIAPWPTHITBO-S-AISOLMHMT ~ Oxytocin – A Hormone Released During Social Bonding – Naturally Increases In A Person Who Perceives That He/Her Is Trusted By Others – Similarly – Artificially Increasing Someone’s Oxytocin Level Makes Her/Him More Trusting

~ MARCOPTOSP-TAIAOABCASLIOB-DTPO-WVAGD-THH-ATEAODWBD-TAMARSHWAW ~ Morals And Reputation Comprise Our Prehistoric Toolbox Of Societal Pressures – They Are Informal And Operate At Both Conscious And Subconscious Levels In Our Brains – Despite The Prevalence Of – War, Violence And General Deceptiveness – Throughout Human History – And The Enormous Amount Of Damage Wrought By Defectors – These Ancient Moral And Reputational Systems Have Worked Amazingly Well

~ MPWBISG ~ Moral Pressure Works Best In Small Groups

~ RPWWISAMSG ~ Reputational Pressure Works Well In Small- And Medium-Sized Groups

~ IPWBILSG ~ Institutional Pressure Works Best In Larger-Sized Groups

~ ‘DUOWYWHTDUY’-DGHTOUS-IBADTCWO-IRITCTTAUMPOSH ~ “Do Unto Others What You Would Have Them Do Unto You” – Different Groups Have Their Own Unique Spin – It’s Basically An Admonition To Cooperate With Others – It Really Is The Closest Thing To A Universal Moral Principle Our Species Has

~ WDNOAOMCADORAWFTG:TGATCACADAWIMTAIATM ~ We Not Only Absorb Our Moral Codes And Definitions Of Right And Wrong From The Group: The Group Also Transmits Cues About Cooperation And Defection And What It Means To Act In A Trustworthy Manner

~ PAMLTSTSIIFOTGI-ITFTOADSAW-ATLLTDSITFTOATAOT-OISOF ~ People Are More Likely To Suppress Their Self-Interest In Favor Of The Group Interest – If They Feel That Others Are Doing So As Well – And They’re Less Likely To Do So If They Feel That Others Are Taking Advantage Of Them – Our Innate Sense Of Fairness

~ WGDMSFTG-ALAWASF ~ We Generally Don’t Mind Sacrificing For The Group – As Long As We’re All Sacrificing Fairly

~ MSB-TFASBLATMTTBTMW ~ Morals Scale Badly – They Fail As Societies Become Larger And The Moral Ties That Bind Their Members Weaken

~ TALORODD-HSNTBVGAI-TAEAPCLTBBAI-BIG-WCTLFTT ~ There’s A Lot Of Research On Detecting Deception – Humans Seem Not To Be Very Good At It – There Are Exceptions And People Can Learn To Be Better At It – But In General – We Can’t Tell Liars From Truth-Tellers

~ WRNIAPMV-WMD-AFALTPI-ISTKWWDIMITKWTT ~ We Remember Negative Information About People More Vividly – With More Detail – And For A Longer Time – Than Positive Information – It Seems That Knowing Who Will Defect Is More Important Than Knowing Whom To Trust

~ NODWGORAB-WATPTAOGR ~ Not Only Do We Guard Our Reputation Against Blemishes – We Also Take Pains To Advertise Our Good Reputation

~ TMOH-CWALP-RMIW-ARWL ~ Throughout Most Of History – Commerce Was A Local Phenomenon – Reputation Made It Work – And Reputation Was Local

~ OOTWTSRITGBOGM ~ One Of The Ways To Scale Reputation Is To Generalize Based On Group Membership

~ NEITWAMLTTPWLLU-AWNCOPOSABLTMTAU-UTTFITG ~ Numerous Experiments Indicate That We Are More Likely To Trust People Who Look Like Us – And We Naturally Change Our Patterns Of Speech And Body Language To Mimic Those Around Us – Unconsciously Trying To Fit Into The Group

~ TAASORWSIABSFJIP-AFTRSHSTGBOMBI ~ There Are All Sorts Of Reasons Why Stereotyping Is A Bad System For Judging Individual People – And For Those Reasons We Should Strive To Get Beyond Our More Base Instincts

~ RIAESPSUIHC-RCAPD ~ Reputation Isn’t An Effective Societal Pressure System Unless It Has Consequences – Reward Cooperators And Punish Defectors

~ 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

~ SIACRP-A-AAR-AISE ~ Shame Is A Common Reputational Punishment – And – As A Result – An Important Social Emotion

~ IPASCWCMTIWNPA ~ Informal Punishments Are So Common We Can Miss Them If We’re Not Paying Attention

~ CTSALOTMRS-TEASO-PFAOA-S-TCTVTTHAGRB-AA-BC-A-ET ~ Confidence Tricksters Spend A Lot Of Time Manipulating Reputation Signals – They Employ All Sorts Of – Props, Facades, And Other Actors – Shills – To Convince Their Victims That They Have A Good Reputation By – Appearing Authentic – Building Confidence – And – Encouraging Trust

~ SPSDCAR ~ Some People Simply Don’t Care About Reputation

~ SPEUWTWR ~ Some People End Up With The Wrong Reputation

~ TMIRRPSTFIT-GGTL ~ The Most Important Reason Reputational Pressure Starts To Fail Is That – Groups Get Too Large

~ WWKA-CCAPIFP-DAMR ~ What We Know About – Celebrities, Corporations And People In Faraway Places – Doesn’t Always Match Reality

~ LCBAI-ILA-OCAUA-TASAU ~ Laws Can Be Applied Inconsistently – If Laws Aren’t – Objective, Common, And Universally Applied – They Are Seen As Unfair

~ OLATRTSACBOBT ~ Our Learned Abilities To Read Trust Signals Are Continually Being Overtaken By Technology

~ UIDS-CMIFMP-BASSIDCBUIMMP-S-A-HTF-IDIER-BIITMMPTF ~ Universal ID Systems – Can Make Impersonation Fraud More Profitable – Because A Single Stolen ID Can Be Used In Many More Places – Sometimes – A – Harder-To-Forge ID Is Even Riskier – Because It Is That Much More Profitable To Forge

~ WMALOOIWOP-FESS-IDCSTS ~ We’re Moving A Lot Of Our Interactions With Other People – From Evolved Social Systems – Into Deliberately Created Socio-Technical Systems

~ WASTLWGACWWT-ATWACBMAM-PMUTGMAAFOR ~ We Are Starting To Learn Which Genes Are Correlated With Which Traits – And This Will Almost Certainly Be Misreported And Misunderstood – People May Use These Genetic Markers As A Form Of Reputation

~ CSDRTNSOA-RITRWSTATIASSDFEE-GIAOIC-ACIONDIA ~ Competing Societal Dilemmas Represent The Normal State Of Affairs – Rarely Is The Real World So Tidy As To Isolate A Single Societal Dilemma From Everything Else – Group Interests Are Often In Conflict – And Cooperating In One Necessitates Defecting In Another

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

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