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March 27, 2021


Nick Drew

As you say, a delicate eco-system with loads of fators at work: anecdotes abound, that can ofetn be taken different ways.

Example: Enron paid salaries that were ordinary (relative to the industry) but paid merit-based bonuses that were distinctly above ordinary for the industry. Wasn't the only attraction of Enron (working in an ultra positive & creative environment was another) but the end result of this eco-system was the most motivated & productive workforce imaginable, that moved mountains in the energy sector and left an enduring legacy

The people who brought the company down went beyond big bonuses and devised literally criminal ways to loot the company. Greed, certainly, but nothing directly to do with the compensation on offer


Doesn't Hayek say that price is all that matters? Who gets to decide when a time is a sometimes or not? Is the opportunity cost of a prudent banker greater liquidity for little guys?


From the "risk" link in the blog:

"The paper discusses possible answers to the challenging questions: what is the source of rainmaker rents and how are they sustained over time? Answers to these questions can help guide debates over the appropriate regulation of financial markets."

"Rents is the wrong way to think of it. Money is created. Balance sheets expand indefinitely, sustainably. Public capital easily expands when for whatever arbitrary, irrational reason traders get themselves into a panic and private liquidity manufacturers shut their windows.

Gerry Mulligan

For at least the last five years business fashion has taken on board the lessons in this blog About human motivation. Most large companies not try to set out their purpose and what they stand for to create “ purpose driven companies”. This proved to more difficult than may first appear as this leads to tough choices but research indicates companies with clear purpose outperform. In many ways this factor is similar to the often underestimated influence of “identity” in national politics as opposed to rational voter theories

Jan Wiklund

Here is a funny animated lecture about what Chris says: https://www.youtube.com/watch?v=u6XAPnuFjJc - "The surprising truth about what motivates us"


Great Video along with other Dan H. Pink videos. Just let Youtube autorun them.

Just think what a comfortable basic income could produce:

Education, Science, Art and Software!

J.K Rowling wrote the first Harry Potter on the dole.

Wikipedia does not pay.

Music and Software development ...

Science used to be a pursuit of Gentlemen.

Education: Self improvement, curiosity.

Sport: Physical mastery.

Open Source does not pay. (Source code and executable must be made available).

Abolish copyright it concentrates wealth: e.g see J. K. Rowling.

Autonomy, Mastery, Purpose. once money is sufficient!

For those whom lack intrinsic motivation they can supplement their comfortable basic income without rudimentary cognitive skills.

The ability to self-determinate may be source of satisfaction.

McLeod, S. A. (2020, March 20). Maslow's hierarchy of needs. Simply Psychology. https://www.simplypsychology.org/maslow.html

"The growth of self-actualization (Maslow, 1962) refers to the need for personal growth and discovery that is present throughout a person’s life. For Maslow, a person is always 'becoming' and never remains static in these terms. In self-actualization, a person comes to find a meaning to life that is important to them."


"Faux-cynical"? Come on, the only thing about him that's not faux is the cynicism


France has had a disastrous coronavirus experience, and Macron has proven a disastrous administrator. Terribly sad.


As to France (and peripherally Macron) here is a wonderful article that attacks some french intellectuals for dissenting from the "whig"/"woke" line that worker/class/economic issues of "the many" are a distraction from race and gender pilitics dear to "the few":

«These two respected scholars lament what they see as the substitution of “class struggle” with “race struggle”. They scorn the “gender bandwagon”, are dismissive of intersectionality and criticise the “racialisation” of social problems and public discourse. [...] By asserting the primacy of class, and an idealised account of republican values, France’s culture warriors devalue the ideas and movements that help to better understand – and act against – current social injustices.»


Blissex recommends a superb article:


March 12, 2021

Are 'woke' academics a threat to the French republic? Ask Macron's ministers
By Didier Fassin - Guardian


I would contend this is the last time a major multinational company does something at cost.


I would contend this is the last time a major multinational company does something at cost.

[ This contention makes no sense to me, since a company taking this stance would be actually sacrificing its broad interests. ]

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