Judah McAuley <[email protected]> wrote: > > It'll be curious to see how things change as the profile of the MLS > grows in the US. >
It will - it could be called the talent-pay revolution, exacerbated by credit. This is very likely a key insight into why "trickle down" economics hasn't worked: as the World has moved from capital-controlled to talent-controlled we've shifted the capital not to the best allocators, but to the best talent. The problem there is they can usually only do one thing well and that usually isn't anything infrastructure can be based on. Example would be Beckham. He spends his money on Porsches and Posh's clothes, mostly a consumer activity and nothing that could be used as a foundation to grow wealth; i.e., his consumption doesn't create innovation or infrastructure. Further, we really don't need Beckham to enjoy soccer or Immelt to enjoy GE. They may be good, but the World's graveyards are full of indispensable men. These sports/companies/functions will continue just fine without them. As wealth becomes more centralized in these few who provide back little, the ability of the economy to allocate capital to wealth-building erodes. At some point that trend results in a major economic structural change. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:337661 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
