Capital flow, the moving and swelling and shifting of value, is an emergent property of the interaction between humans and money. Wherever we find money, we find dynamics and properties of capital flow, or rather, how money moves. Where the concept of money is absent (as in historical pure-trade economies) there is no fundamental object of money to move, measure or analyze. So, while capital … Continue reading An Introduction to Capital Flow
Patrimonial capitalism is an unfortunately common state of affairs throughout most of capitalism-as-usual’s history. Due to the laws and regulations in the United States, particularly those regarding inheritance, the amount of familial wealth that gets passed down from generation to generation contributes asymmetrically to those who already have it—the haves. In today’s global economy, the haves will always have more since their more will grow … Continue reading Patrimonial Capitalism
Phishing—as defined by George A. Akerlof and Robert J. Shiller in their book Phishing for Phools: The Economics of Manipulation and Deception —happens when one economic participant, Party A, knowingly takes economic advantage of another participant, Party B, in a voluntary free market transaction that is specifically harmful to Party B’s financial best interest. Example: Party A sells cheap knockoffs at inflated prices online. Who … Continue reading Phishing for Phools
Since capital flow (as in: the ways in which money moves through the systems designed for money to move) is blind to ethics, morals, locality, race, attitude, desire, aesthetics, etc., it is our responsibility to instill and impart these ideas when designing systems within which capital flows. From a programming perspective, greed is a vicious malware that has been embedded into society since the dawn … Continue reading Mitigating Greed
Simpletism can be defined as the conversion of complexity into more-rudimentary components so that a “simpler” version of parts may be understood in order to find fractured, partial understanding as representative of the greater whole. Simpletism is a largely unconscious activity which also crucially enables the less-intelligent among us to continue to “participate” in the conversation, since, quite seriously, the simple matter of contemporary existence … Continue reading About “Simpletism”
Let’s get right into it, shall we? Since each individual is the only such individual who has experienced the entirety of her own historical timeline from her own internal perspective, she is also, obviously but critically, the only person who has been shaped by her life history’s particular unfolding—her perpetually-evolving sensory environment. Our external-sensory and internal-subjective environments (both in their own right, and combined) are … Continue reading It’s the Environment, Stupid!