RE: Re: Re: Re: Re: Re: Re: Re: WSJ - Is This A Great Country?

2003-04-03 Thread Tom Kruse
Money does not cause happiness, but it sure as hell is often necessary for the conditions within which _other_ things can bring about happiness. Didn't Lou Reed say Money can't buy you love, but it can get you a Cadillac to go look for it? Tom -- Tom

Re: Re WSJ - Is This A Great Country?

2003-04-03 Thread Eugene Coyle
I should have inserted the belief after facilitates. Yoshie Furuhashi wrote: At 7:48 PM -0800 4/2/03, Eugene Coyle wrote: the loan facilitates the education that will lead to riches. Does it?

Re: WSJ - Is This A Great Country?

2003-04-02 Thread Sabri Oncu
Eugene: With my post I was hoping to encourage a discussion -- and get an answer -- of how to make clear to the vast majority that their dreams of being rich will never be realized. Any help? Micheal Yates has a new book out: Naming the System: Inequality and Labor in the Global Economy. It

RE: Re: WSJ - Is This A Great Country?

2003-04-02 Thread Max B. Sawicky
- From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] Behalf Of Sabri Oncu Sent: Wednesday, April 02, 2003 1:36 PM To: PEN-L Subject: [PEN-L:36409] Re: WSJ - Is This A Great Country? Eugene: With my post I was hoping to encourage a discussion -- and get an answer -- of how to make clear to the vast

Re: WSJ - Is This A Great Country?

2003-04-02 Thread Sabri Oncu
Max: Better, I say, to have a political program that speaks to individuals' ability to take the most practical route out of wage slavery -- going into business for themselves. I did that Max. I am the President and CEO of my own consulting company. It doesn't help, believe me. Or maybe, I

Re: Re: RE: Re: WSJ - Is This A Great Country?

2003-04-02 Thread Waistline2
In a message dated 4/1/03 2:56:55 PM Pacific Standard Time, [EMAIL PROTECTED] writes: With my post I was hoping to encourage a discussion -- and get an answer -- of how to make clear to the vast majority that their dreams of being rich will never be realized. Any help? Gene Coyle The

Re: RE: Re: WSJ - Is This A Great Country?

2003-04-02 Thread andie nachgeborenen
Better, I say, to have a political programthat speaks to individuals' ability to takethe most practical route out of wage slavery --going into business for themselves. I presume you mean collectively, in coops and the like? jksDo you Yahoo!? Yahoo! Tax Center - File online, calculators, forms,

Re: WSJ - Is This A Great Country?

2003-04-02 Thread Waistline2
In a message dated 4/1/03 9:34:19 AM Pacific Standard Time, [EMAIL PROTECTED] writes: The recent survey of 1,000 adults found that only 2% of Americans consider themselves rich today, but a whopping 31% expect to become rich someday. Understandably, young people are most optimistic, with 51% of

RE: Re: RE: Re: WSJ - Is This A Great Country?

2003-04-02 Thread Max B. Sawicky
Better, I say, to have a political program that speaks to individuals' ability to take the most practical route out of wage slavery -- going into business for themselves. I presume you mean collectively, in coops and the like? jks Facilitating coops is important, but I also mean

RE: RE: Re: WSJ - Is This A Great Country?

2003-04-02 Thread Devine, James
Title: RE: [PEN-L:36410] RE: Re: WSJ - Is This A Great Country? it makes more sense to start with existing political movements and existing discontents and try to link up and build on the ones that promise a better chance of building a movement that will change the balance of power

Re: RE: Re: RE: Re: WSJ - Is This A Great Country?

2003-04-02 Thread andie nachgeborenen
That's nuts. You know the failure rates for small business better than I do. I just know that it is veryhigh. And how amny of self-employed or entrepreneurs go into their 60s (or 70s) with enough to retire on decently? jks "Max B. Sawicky" [EMAIL PROTECTED] wrote: Better, I say, to have a

Re: Re: WSJ - Is This A Great Country?

2003-04-02 Thread Waistline2
In a message dated 4/2/03 10:36:59 AM Pacific Standard Time, [EMAIL PROTECTED] writes: One way of making clear to the vast majority that their dreams of being rich will never be realized is to publish more books like that. Maybe even in a simpler language. Another possibility is offering courses

Re: RE: RE: Re: WSJ - Is This A Great Country?

2003-04-02 Thread Michael Perelman
Wierdly enough, the idea that people can become rich worked less during the 60's when the likelihood of becoming well off was higher. How much is the fear of being poor operative today rathern than a dream of becoming rich? On Wed, Apr 02, 2003 at 01:02:19PM -0800, Devine, James wrote: it makes

RE: WSJ - Is This A Great Country?

2003-04-02 Thread Devine, James
Title: RE: WSJ - Is This A Great Country? The benefit of rising to the top has risen, even though the possibility of doing so has fallen drastically. But people still buy lottery tickets, don't they? Back in the 1950s and 1960s in the US, the benefits of economic growth were more evenly

RE: RE: RE: Re: WSJ - Is This A Great Country?

2003-04-02 Thread Max B. Sawicky
What's the difference? The individual will prefer to be the judge of whether he or she ought to put in the effort required to beat the odds. mbs I don't tell people that they'll never get rich. Rather, I present the evidence and logic that says that only a small percentage of them will.

RE: Re: RE: Re: RE: Re: WSJ - Is This A Great Country?

2003-04-02 Thread Max B. Sawicky
I know the failure rate is high. But a person could fail more than once and still make it eventually. The real issue I think is mobility. We know there's a lot of immobility. Make it numbingly simple. Suppose you have a 90 percent chance of getting nowhere, and a 10 percent chance of getting

Re: WSJ - Is This A Great Country?

2003-04-02 Thread Sabri Oncu
I have argued with Chris and Lou long enough and wrote enough material ... Shit . . .I have a brand name ... damn. I wonder ... if I got . . . . wait a minute... from each small booklet ... and multiplied this by at least three a year. Shit . . . . I might still be able to move to Vegas .

Re: WSJ - Is This A Great Country?

2003-04-02 Thread Sabri Oncu
Max: I know the failure rate is high. But a person could fail more than once and still make it eventually. The real issue I think is mobility. We know there's a lot of immobility. Make it numbingly simple. Suppose you have a 90 percent chance of getting nowhere, and a 10 percent chance

Re: Re: WSJ - Is This A Great Country?

2003-04-02 Thread Bill Lear
On Wednesday, April 2, 2003 at 17:19:54 (-0500) Max B. Sawicky writes: I know the failure rate is high. But a person could fail more than once and still make it eventually. The real issue I think is mobility. We know there's a lot of immobility. Make it numbingly simple. Suppose you have a 90

Re: Re: Re: WSJ - Is This A Great Country?

2003-04-02 Thread Michael Perelman
There is a minor branch of economic (twig?) that studies the determinants of happiness. Happiness does not seem to increase once a society reaches about $15,000 a year. Happiness instead is determined by relative status. People expect, according to surveys, more wealth to make them happy, but

RE: WSJ - Is This A Great Country?

2003-04-02 Thread Devine, James
stop the war now! -Original Message- From: Max B. Sawicky [mailto:[EMAIL PROTECTED]] Sent: Wednesday, April 02, 2003 2:14 PM To: [EMAIL PROTECTED] Subject: [PEN-L:36425] RE: RE: RE: Re: WSJ - Is This A Great Country? What's the difference? The individual will prefer

Re: Re: Re: Re: WSJ - Is This A Great Country?

2003-04-02 Thread joanna bujes
At 02:53 PM 04/02/2003 -0800, you wrote: There is a minor branch of economic (twig?) that studies the determinants of happiness. Happiness does not seem to increase once a society reaches about $15,000 a year. Happiness instead is determined by relative status. Economists are clueless. To quote

RE: Re: WSJ - Is This A Great Country?

2003-04-02 Thread Max B. Sawicky
Your problem is that you want to solve somebody's problem for them. The government's problem I would say is setting the rules to facilitate individual or cooperative efforts, not to try to preclude them, nor to guarantee their success. For those who fail, there would remain social insurance.

RE: Re: Re: WSJ - Is This A Great Country?

2003-04-02 Thread Max B. Sawicky
:[EMAIL PROTECTED] Behalf Of Bill Lear Sent: Wednesday, April 02, 2003 5:41 PM To: [EMAIL PROTECTED] Subject: [PEN-L:36431] Re: Re: WSJ - Is This A Great Country? On Wednesday, April 2, 2003 at 17:19:54 (-0500) Max B. Sawicky writes: I know the failure rate is high. But a person could fail more than

Re: RE: Re: RE: Re: RE: Re: WSJ - Is This A Great Country?

2003-04-02 Thread Waistline2
In a message dated 4/2/03 2:17:41 PM Pacific Standard Time, [EMAIL PROTECTED] writes: I know the failure rate is high. But a person could fail more than once and still make it eventually. The real issue I think is mobility. We know there's a lot of immobility. Make it numbingly simple. Suppose

Re: WSJ - Is This A Great Country?

2003-04-02 Thread Sabri Oncu
Max: Your problem is that you want to solve somebody's problem for them. Not at all! A complete misunderstanding... I am in this revolution business mostly because I want to solve my own problem. I just want to go home and teach math to my beloved students. That is all I want! Sabri

Re: Re: Re: Re: WSJ - Is This A Great Country?

2003-04-02 Thread Waistline2
In a message dated 4/2/03 2:54:16 PM Pacific Standard Time, [EMAIL PROTECTED] writes: People expect, according to surveys, more wealth to make them happy, but happiness seems to depend upon relative status. So if the person in the mirror wants to get rich, on some level he needs to know that

Re: RE: Re: Re: WSJ - Is This A Great Country?

2003-04-02 Thread Ian Murray
- Original Message - From: Max B. Sawicky [EMAIL PROTECTED] Following the wisdom of my guru, the Sage of Saskatoon, I would qualify my remarks by noting that the interest in 'getting rich' is culture dependent in a society where incentives are biased in favor of individual

RE: Re: WSJ - Is This A Great Country?

2003-04-02 Thread Sabri Oncu
Eugene: With my post I was hoping to encourage a discussion -- and get an answer -- of how to make clear to the vast majority that their dreams of being rich will never be realized. Any help? Gene, How did you like my help? Best, Sabri

Re: Re: WSJ - Is This A Great Country?

2003-04-02 Thread Bill Lear
On Wednesday, April 2, 2003 at 18:15:58 (-0500) Max B. Sawicky writes: Following the wisdom of my guru, the Sage of Saskatoon, I would qualify my remarks by noting that the interest in 'getting rich' is culture dependent in a society where incentives are biased in favor of individual consumption

Re: WSJ - Is This A Great Country?

2003-04-02 Thread Yoshie Furuhashi
At 3:54 PM -0800 4/2/03, Ian Murray wrote: Following the wisdom of my guru, the Sage of Saskatoon, I would qualify my remarks by noting that the interest in 'getting rich' is culture dependent in a society where incentives are biased in favor of individual consumption of material goods and

Re: Re: Re: Re: Re: WSJ - Is This A Great Country?

2003-04-02 Thread Carrol Cox
joanna bujes wrote: At 02:53 PM 04/02/2003 -0800, you wrote: There is a minor branch of economic (twig?) that studies the determinants of happiness. Happiness does not seem to increase once a society reaches about $15,000 a year. Happiness instead is determined by relative status.

Re: Re: Re: Re: Re: Re: WSJ - Is This A Great Country?

2003-04-02 Thread troy cochrane
Having nothing to back this up other than observation, I think happiness is much more related to community than it is to wealth. Unfortunately, the wealthiest countries seem to lack or even have destroyed community. By community I am meaning that you know and have an investment in your neighbours

Re: Re: WSJ - Is This A Great Country?

2003-04-02 Thread troy cochrane
This relates to an item I saw in Adbusters once.A survey asked people how much money they would need to be happy and feel financially secure. Across the board, whether the CEO of a major corporations or some poor slob working for minimum wage, the answer was roughly "twice as much." People

Re: RE: Re: WSJ - Is This A Great Country?

2003-04-02 Thread Eugene Coyle
Sabri, I liked it. I will get Michael Yates's book. But I am thinking of institutions -- like students loans, for example -- that seduce people into the dream of being rich. First, the loan facilitates the education that will lead to riches. And then paying the loan requires the drive for

Re WSJ - Is This A Great Country?

2003-04-02 Thread Yoshie Furuhashi
At 7:48 PM -0800 4/2/03, Eugene Coyle wrote: the loan facilitates the education that will lead to riches. Does it? -- Yoshie * Calendar of Events in Columbus: http://www.osu.edu/students/sif/calendar.html * Student International Forum: http://www.osu.edu/students/sif/ * Committee for Justice in

Re: WSJ - Is This A Great Country?

2003-04-02 Thread Sabri Oncu
It is not only dreams but the framework of life that we are burdened with. Gene I cannot agree more! This is what Max is missing! It is not the players that are the problem, although some, such as the Bush gang, are, but the game itself. We need to attack the game or, better, the rules of

Re WSJ - Is This A Great Country?

2003-04-02 Thread Sabri Oncu
Yoshie: At 7:48 PM -0800 4/2/03, Eugene Coyle wrote: the loan facilitates the education that will lead to riches. Does it? It depends. If the loan is for an MBA, it might. If it is for an anthropology degree, forget about it! Sabri

Re: Re: Re: Re: Re: Re: Re: WSJ - Is This A Great Country?

2003-04-02 Thread Carrol Cox
troy cochrane wrote: Having nothing to back this up other than observation, I think happiness is much more related to community than it is to wealth. Unfortunately, the wealthiest countries seem to lack or even have destroyed community. By community I am meaning that you know and have an

RE: WSJ - Is This A Great Country?

2003-04-01 Thread Devine, James
Title: RE: [PEN-L:36379] WSJ - Is This A Great Country? the WSJ writes: Few Americans see a rich person when they look in the mirror, but nearly a third see a rich person when they look into a crystal ball. That's the striking result of a Gallup poll that goes a long way to explaining why

Re: RE: WSJ - Is This A Great Country?

2003-04-01 Thread Ian Murray
- Original Message - From: Devine, James [EMAIL PROTECTED] the WSJ writes: Few Americans see a rich person when they look in the mirror, but nearly a third see a rich person when they look into a crystal ball. That's the striking result of a Gallup poll that goes a long way to

Re: WSJ - Is This A Great Country?

2003-04-01 Thread Doug Henwood
Eugene Coyle quoted the WSJ: Class-war rhetoric may work in the more socially and financially immobile cultures of Europe Nice try, but not true. There's not much difference in mobility between the U.S. and Europe. Doug

Re: WSJ - Is This A Great Country?

2003-04-01 Thread Kelley
At 09:31 AM 4/1/03 -0800, Eugene Coyle wrote: An item from April 1 2003 WSJ editorial page suggests something the Left needs to deal with: The author left out what is probably most important for understanding the poll: It asked people what they thought being rich actually meant. Not

RE: Re: WSJ - Is This A Great Country?

2003-04-01 Thread Forstater, Mathew
? -Original Message- From: Kelley [mailto:[EMAIL PROTECTED] Sent: Tuesday, April 01, 2003 3:29 PM To: [EMAIL PROTECTED] Subject: [PEN-L:36383] Re: WSJ - Is This A Great Country? At 09:31 AM 4/1/03 -0800, Eugene Coyle wrote: An item from April 1 2003 WSJ editorial page suggests something the Left

Re: RE: Re: WSJ - Is This A Great Country?

2003-04-01 Thread Doug Henwood
Forstater, Mathew wrote: The insane aspect of this, which I suppose is obvious to everyone here, is that they are celebrating a world in which people hold on stubbornly to fantasies of material prosperity, even though it is clear that for the vast majority the dreams will never be fulfilled.

Re: RE: Re: WSJ - Is This A Great Country?

2003-04-01 Thread Eugene Coyle
, April 01, 2003 3:29 PM To: [EMAIL PROTECTED] Subject: [PEN-L:36383] Re: WSJ - Is This A Great Country? At 09:31 AM 4/1/03 -0800, Eugene Coyle wrote: An item from April 1 2003 WSJ editorial page suggests something the Left needs to deal with: The author left out what is probably most important

Re: RE: Re: WSJ - Is This A Great Country?

2003-04-01 Thread Ian Murray
- Original Message - From: Forstater, Mathew [EMAIL PROTECTED] To: [EMAIL PROTECTED] Sent: Tuesday, April 01, 2003 2:33 PM Subject: [PEN-L:36386] RE: Re: WSJ - Is This A Great Country? The insane aspect of this, which I suppose is obvious to everyone here