Tag: forbes

The GOP Has Become A Dangerous Cult

Republican Roy Moore, removed from the Alabama Supreme Court for his erratic behavior and banned from the mall for harassing teenage girls, has cloaked his campaign for the Senate in the language of “spiritual warfare.” As such, he is the most apt representative of the Republican Party in our age of cult politics. Moore is… Continue reading The GOP Has Become A Dangerous Cult

Republicans Using Fake Websites To Trick Donors Is Just The Start

Republicans Using Fake Websites To Trick Donors Is Just The Start

It turns out that the political organization has purchased over a dozen domain names of Democratic candidates up for election and set up real-looking-but-fake websites. The worst part of all – besides the blatant deception and malice for the electorate – is that fact that since it has been exposed, the NRCC has stated that they are “very proud of the program” and have promised to expand it.

This is basically fraud. You would think it would be against the law to mislead people and take their money.

How Germany Builds Twice As Many Cars As The U.S. While Paying Its Workers Twice As Much

How Germany Builds Twice As Many Cars As The U.S. While Paying Its Workers Twice As Much

In 2010, Germany produced more than 5.5 million automobiles; the U.S produced 2.7 million. At the same time, the average auto worker in Germany made $67.14 per hour in salary in benefits; the average one in the U.S. made $33.77 per hour.

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“the salient difference is that, in Germany, the automakers operate within an environment that precludes a race to the bottom; in the U.S., they operate within an environment that encourages such a race.”

The right shift of the past 30 years has been far more focused with punishing the poor than actually promoting economic growth. 

Jack Welch versus Milton Friedman

Jack Welch versus Milton Friedman

On the face of it, shareholder value is the dumbest idea in the world. Shareholder value is a result, not a strategy… your main constituencies are your employees, your customers and your products. Managers and investors should not set share price increases as their overarching goal… Short-term profits should be allied with an increase in the long-term value of a company.

Welch basically invalidating the theory of the firm, inspired by Friedman.

The Baffling Economics of Thomas the Tank Engine

The Baffling Economics of Thomas the Tank Engine

The Island of Sodor has a major comparative advantage: the best artificial intelligence researchers in the world. AI research on the Island of Sodor is massively ahead of the rest of the world. The trains on Sodor have been designed to understand natural language, solve problems for themselves, recognize new situations, and even have emotions and personalities.

Worth a read. Follow this over to the Forbes article and read that as well.