Comments on: Good Intent, Bad Faith http://themoderatevoice.com/24382/good-intent-bad-faith/ An Internet hub with domestic and international news, analysis, original reporting, and popular features from the left, center, indies, centrists, moderates, and right Tue, 14 Feb 2012 06:36:55 +0000 hourly 1 http://wordpress.org/?v=3.1.2 By: mikkel http://themoderatevoice.com/24382/good-intent-bad-faith/comment-page-1/#comment-164375 mikkel Sun, 16 Nov 2008 18:32:04 +0000 http://themoderatevoice.com/at-tmv/mikkel-fishman-example-posts/24382/good-intent-bad-faith/#comment-164375 That is an <i>extremely</i> good point about the amount of specialization required these days, and I'd like to also add that people have been conditioned to become "little banks" of their own by using leverage to create wealth by managing assets and liabilities. Being forced to accept a lower paying job because of losing senority or not having the expertise has a lot more of a consequence when you take that into account.<br><br>My mom worked as a career counselor to help laid off factory workers find new jobs and a lot of them were at the worst age, 45-55. It was way too young for them to retire and they had just finally started getting to the point where they were building real assets, but it was too old for them to be retrained and work their way back up. That is an extremely good point about the amount of specialization required these days, and I'd like to also add that people have been conditioned to become “little banks” of their own by using leverage to create wealth by managing assets and liabilities. Being forced to accept a lower paying job because of losing senority or not having the expertise has a lot more of a consequence when you take that into account.

My mom worked as a career counselor to help laid off factory workers find new jobs and a lot of them were at the worst age, 45-55. It was way too young for them to retire and they had just finally started getting to the point where they were building real assets, but it was too old for them to be retrained and work their way back up.

]]> By: Jim_Satterfield http://themoderatevoice.com/24382/good-intent-bad-faith/comment-page-1/#comment-164365 Jim_Satterfield Sun, 16 Nov 2008 17:52:58 +0000 http://themoderatevoice.com/at-tmv/mikkel-fishman-example-posts/24382/good-intent-bad-faith/#comment-164365 The question is not just when they lived but how much of their work (Or ideologues interpretation of their work.) is or is not applicable in today's environment. The concept of creative destruction does not entail as much cost for the individual in an industrial world where most jobs are blue collar and in the absence of a major recession or depression it is relatively simple to transfer between companies. Now we live in an information age where in some countries large numbers of jobs requre extensive education and training which cannot be redone in a matter of weeks or a few months. Why do you think I provided the link?<br><br>One thing you never hear from the advocates of creative destruction is that in fact Schumpeter felt that elements of socialism would be necessary to balance the tendency of capitalism to ignore the human cost of some of its characteristics. The question is not just when they lived but how much of their work (Or ideologues interpretation of their work.) is or is not applicable in today's environment. The concept of creative destruction does not entail as much cost for the individual in an industrial world where most jobs are blue collar and in the absence of a major recession or depression it is relatively simple to transfer between companies. Now we live in an information age where in some countries large numbers of jobs requre extensive education and training which cannot be redone in a matter of weeks or a few months. Why do you think I provided the link?

One thing you never hear from the advocates of creative destruction is that in fact Schumpeter felt that elements of socialism would be necessary to balance the tendency of capitalism to ignore the human cost of some of its characteristics.

]]> By: undertoad http://themoderatevoice.com/24382/good-intent-bad-faith/comment-page-1/#comment-164333 undertoad Sun, 16 Nov 2008 06:19:03 +0000 http://themoderatevoice.com/at-tmv/mikkel-fishman-example-posts/24382/good-intent-bad-faith/#comment-164333 If we get to disregard early 20th Century economists, DOWN GOES KEYNES! Died 62 years ago. If we get to disregard early 20th Century economists, DOWN GOES KEYNES! Died 62 years ago.

]]> By: Jim_Satterfield http://themoderatevoice.com/24382/good-intent-bad-faith/comment-page-1/#comment-164324 Jim_Satterfield Sun, 16 Nov 2008 04:18:05 +0000 http://themoderatevoice.com/at-tmv/mikkel-fishman-example-posts/24382/good-intent-bad-faith/#comment-164324 Creative destruction. <a href="http://en.wikipedia.org/wiki/Joseph_Schumpeter">Joseph Schumpeter</a>. The concept comes from a man who died 58 years ago and did most of the work that the free marketers love to cite well before then. To ride my particular hobby horse, exactly how much can we count on concepts from a different world to guide us in the here and now? How different was the universe of the typical worker in the industrialized world then compared to now? The reason many people don't buy into the conservative arguments and the arguments of "classical" economists is that their proposals for a safety net for the people who would inevitably suffer in their ideology's ideal world are invariably an afterthought and completely inadequate, based as they are on a worldview trapped in economic concepts from almost a century ago. Creative destruction. Joseph Schumpeter. The concept comes from a man who died 58 years ago and did most of the work that the free marketers love to cite well before then. To ride my particular hobby horse, exactly how much can we count on concepts from a different world to guide us in the here and now? How different was the universe of the typical worker in the industrialized world then compared to now? The reason many people don't buy into the conservative arguments and the arguments of “classical” economists is that their proposals for a safety net for the people who would inevitably suffer in their ideology's ideal world are invariably an afterthought and completely inadequate, based as they are on a worldview trapped in economic concepts from almost a century ago.

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