Side note: It's Posh that spends her money on Becks. She has always had countless times more wealth than he. He is the arm candy in that relationship.
On Tue, May 10, 2011 at 6:40 PM, Gruss Gott <[email protected]> wrote: > > 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:337663 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
