What’s Happening to Wall Street?
“The lesson of Buffett was: To succeed in a spectacular fashion you had to be spectacularly unusual.” That’s Michael Lewis, well-known financial journalist, in his book, The Big Short. Wall Street has always drawn the bright, ambitious, and creative, but the finance industry is now struggling to fight battles on multiple fronts. First, there are several industry changes that indicate finance is no longer as attractive a career path. As far | Read More »
After The Gold Rush III: The Decline and Fall of The Motown Empire
Massive complexity cannot permanently attain equilibrium. Human beings lack the intellect and the moral character to manage it. Complexity is adopted because of the awesome societal benefits it offers both individuals and organizations. Mass production, mass communications, modern transport and modern medicine have so changed and enhanced the lives of the average American, that most of us would be dead without them. Yet, as complexity increases, its marginal unit costs increase and the marginal unit benefits decline. This interaction eventually leads to the marginal effect of further complexity becoming a negative instead of a positive. Nowhere has this become more painfully untenable than Detroit, MI. The city has become, in my humble opinion, the canary in the coal mine for urban America.
Detroit initially gained from complexity. General Motors came to symbolize the American commonweal. It was a social safety-valve where people who wanted to escape major injustices of American Society could come and try their hand at work that was dirty and hard – yet very lucrative compared to the alternatives. Detroit rode this growing complexity and incoming diaspora until it became the 5th largest American City and was nicknamed “The Arsenal of Democracy.” Then Motown rode the complexity curve over the hump.
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We Are a Nation in Decline
By: Inoljt, http://mypolitikal.com/ On the eighth anniversary of 9/11, a professor of mine made a comment that caused a lot of soul-searching for me. He remarked, quite casually, that the United States is in decline. Those words angered me. Nobody likes to hear their country characterized in that manner. But ever since then I’ve been considering that casual statement. I think it accurately describes the | Read More »
, George W Bush
, Illegal Immigration
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New France: Will America Enter An Age Of Ausonius?
Like many, I hoped McCain would win, but intellectually knew he would lose. We were asking America to do one recently uncharacteristic thing in this election: choose age, experience, self-sacrifice, and competence over perpetual adolescence, indulgence, inexperience, and energy.We were asking Baby Boomers – let me emphasize BABY here – and their younger minions to hand power backward to an older generation, and specifically to | Read More »