new_trader
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Vote with your head, not with your heart.
Brexit has locked us millennials out of the union we voted for
http://www.ft.com/cms/s/2/82a1a548-3b93-11e6-8716-a4a71e8140b0.html#axzz4CnB76yaM
"Older Leavers are unlikely to need a continent’s worth of opportunity, writes Nicholas Barrett"
Let the games begin!
Vote with your head, not with your heart.
I suspect there will either be a general election or more likely another referendum on the terms of our future relationship with Europe before an exit. Not confident but I reckon there is a 60% plus chance of the electorate having another say
I suspect there will either be a general election or more likely another referendum on the terms of our future relationship with Europe before an exit. Not confident but I reckon there is a 60% plus chance of the electorate having another say
This Brexit referendum has provided excellent ammunition for me to use against all the idiots in this forum who argue in favour of democracy. It’s great fun watching the left leaning libertards being hoist by their own petard!
The alternative of dictatorship has been tried and failed dismally lots of times. Although democracy has its drawbacks nobody has come up with anything better or are you about to enlighten us ?
Maybe in your dichotomous and fallacious world, there are only two choices: dictatorship and democracy. You are quite mistaken.
Meritocracy - I happen to like this one.
Power should be vested in individuals almost exclusively based on ability and talent.Plutocracy - Many, including Aristotle and Plato liked this one.
Another interesting and seemingly more efficient way would be the corporatocracy.
Plutocracy is very nice for the robber barons of the corporate world. The rest of us would be wage slaves earning peanuts.
Maybe sitting in Parliament or Congress should be made on a lottery basis for a term of 6 months. A short term before the slobs entrench themselves and are difficult to evict.
http://www.nydailynews.com/life-style/tragic-stories-lottery-winners-article-1.2492941Nearly 70% of lottery winners end up broke within seven years. Even worse, several winners have died tragically or witnessed those close to them suffer.
And who is going to judge the merits of one person over another ? And on what basis ? If they brought in things like compassion you would be near the bottom !
By
Mark Buchanan
During the next couple months, the various candidates to replace U.K. Prime Minister David Cameron will debate what to do now that voters have decided to leave the European Union. They should keep in mind that doing exactly what the voters said might not be the wisest -- or even the most democratic -- approach.
Direct democracy, in which voters decide specific issues en masse, is actually rather unusual. Typically, they leave such decisions to elected officials, such as a president or legislature, whom they provide with the time and resources needed to make well-informed choices.
As it happens, there may be a very good reason that government has historically developed this way: Smaller groups can actually make better decisions, particularly on complex issues. As researchers from Berlin's Max Planck Institute for Human Development note in a recent paper, the wisdom of crowds works well only on questions that individuals can answer relatively easily.
Suppose you're asking whether California's population is larger than Britain's (it's not). If you get nine people to vote, they'll probably get the right answer. If you get a million people to vote, they'll almost certainly get it right. The power of the crowd washes away the possibility of error.
But now try a harder question: If you fold a piece of paper on itself 25 times, will the result be taller than the Empire State Building? Most people would say no, even though the actual thickness would be about 10 miles. Asking a larger group to vote would only increase the certainty of getting it wrong.
The Max Planck researchers show that smaller groups perform particularly well when questions come in an unpredictable mix of easy and difficult. Under general conditions, they suggest, the optimal group size for making good decisions is fairly small -- often around 10 to 15, and typically less than 40.
No wonder decision-making bodies around the world work with small numbers. Think of juries, parish councils, central bank boards or parliamentary committees, which tend to have between five and 40 members.
Brexit
Granted, this research might not apply directly to the U.K. referendum, which arguably didn't have a right answer. Yet it certainly suggests that a referendum was an awfully crude instrument for deciding such an important and difficult issue -- especially given that the British public holds wildly distorted views on, say, the number of immigrants in the country (estimated by the public at more than twice the actual level).
Voters clearly expressed their discontent on a number of issues, including immigration and globalization. U.K. leaders can't ignore this, but they should also question the naïve view that respecting democracy demands invoking Article 50 of the Lisbon Treaty, triggering the formal process of taking the U.K. out of the EU. There's a good reason that voters gave them the power and resources to examine such choices carefully. In deciding how to respect the voters' will, and whether this requires Britain to leave or stay, that is precisely what they should do.
http://www.bloomberg.com/view/articles/2016-07-07/brexit-casts-doubt-on-the-wisdom-of-crowds
in the soviet union only one took the decisions, the man of steel stalin
Quit it with the hyperbole of the robber barons. How exactly are they robber barons? Just because they make more money than you want them to? Quit calling them wage slaves. Some people are actually happy to have a simple life. They do not view themselves as making "peanuts" in comparison to others. In fact, they do not feel the need to compare themselves to others at all.
As for those who are unsatisfied, they could always do more to improve their situation. Nothing will ever happen if they just sit on their hands and complain like you are. "Oh, poor me I am wage slave."
Absolutely nothing is stopping those people from starting their own business. Certainly not from a financial perspective. It costs "peanuts", to use your term, to form a corporation. If they have a good idea, then they should strike out on their. The fact is that most will not do this. Not because they do not have the resources, but because they like the security of working 9 to 5 and having a promised pension. If they do not have an idea or the intelligence to start their own business and become a "robber baron" CEO themselves, it is nobody's fault but their own.
CEOs, founders, business owners, execs,... make obscene money because they initially took all the risk on themselves.
The one-percenters are the one-percenters because only 1% of the population at best is willing to put forth the effort. Everyone else would rather work for somebody else. They are implicitly choosing this path because by not choosing to work for themselves by doing whatever it takes to get there.
Quit it with the hyperbole of the robber barons. How exactly are they robber barons? Just because they make more money than you want them to?
That would work as well as the real lottery. Ever heard of the lottery curse. Give some dumb schmuck $20 million dollars and he will blow it all, go bankrupt and end up worse than where he started. These wage slaves that you speak of would be no better off if you gave $100 million because they have not the foggiest about how to make and or manage money.
http://www.nydailynews.com/life-style/tragic-stories-lottery-winners-article-1.2492941
Where there is the kicker. It is not, so I am not. You cannot bring in things that are irrelevant to someone's merits. That is an appeal to emotion fallacy.
Ex. 1
A: "I really want to be a doctor but I do not have the intellect to complete medical school successfully."
B: "That's alright. You are so downtrodden, we will give you a license even though you had a D average all the way through medical school."
Do you want him operating on you? I think not.
Pretty simple actually. We already have a judgment system in place for such things. There are also already intrinsic judgment systems in place. You should have already noticed which majors and profession went by the waist side during the recession in 2008. Medicine and law are pretty stable. Social sciences are obviously not so stable. I cannot begin to tell you how many people I know moaned about not being able to get a job after getting a doctorate in comparative literature or history or communications. Guess what, Sherlock, the reason is obvious.
1. intelligence
2. influence
3. reputation
4. criminal record or lack thereof