7 Comments

"In “capitalism”, big firms are run by rich greedy bossy managers in the service of even richer and greedier owners."

Please read Chapter 5 of Mindset by Carol Dweck. She contrasts Al Dunlap, Lee Iacocca, Ken Lay and Jeffrey Skilling, with Jack Welch, Lou Gerstner, and Anne Mulcahy. The former are "fixed mindset" leaders - they have to be The Best by all inward and outward signs, and they tend to crash and burn. The latter are "growth mindset" leaders, who are dedicated to learning and improving.

Growth mindset leaders are not bossy, and probably not greedy. They're often rich because of the immense value they create.

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That sounds like a fine goal, but I'm not sure how one can achieve it.

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Overall trustworthiness is good, and trust tends to be related to that. It is regarding the variation across prestige and professions that I see trust as problematic.

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They don't call economics the "dismal science" for nothing! :)

How would you reconcile this with the positive correlation between trust and GDP per capita? I am thinking of trust and hate as opposites here; if you hate someone, you're less likely to trust them, and vice versa. https://ourworldindata.org/...

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So... If immigration reduces social trust, it's pro-capitalist...

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Hence my approach of the last two decades to try to convince people to think about govts more like businesses. We know how to evaluate options and be empowered to choose the best for us. We know how to create innovative new products. We just turn that part of our brain off when considering the political realm. Rather than redoing our political minds, let's be like nature and repurpose an existing capacity (thinking like a customer) to a new purpose (thinking about politics).

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..or at least skeptical distrust.

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