I was thinking of Robert Lucas' Asset Pricing in an Exchange Economy (Econometrica 1978), which can be used to model the demand for human rights and fairness, because Lucas assumes a "one-tree" economy, so that everyone buys shares (percentages) of the harvest.
1. The equilibrium condition is a uniform distribution in that each person wants the same percentage of the harvest as everyone else, and although the exact harvest is not known a priori, the expected harvest is the same each year.
2. Contrast that with Mehra & Prescott's extension of the Lucas model, so that investment can increase the yield. This is more in line with merit-based markets, such as produced goods and services, rather than "endowed" rights, which are supposed to come from the laws of nature and nature's God, according to Thomas Jefferson and those who signed the Declaration of Independence. Mehra & Prescott's article is The Equity Premium: A Puzzle? (Journal of Monetary Economics 1985).
3. And there is the mix in generational values, is it not?
What is endowed versus what is earned.
4. I wonder if that is the crux of what Sasha and Andy were discussing.
I know that I view GEN Z as thinking they are endowed with privileges, rather than earning them. If someone works hard and pays taxes and has a decent car and a place to live, why shouldn't the person who is not working, or only works part-time or temp jobs, have the same?
Makes no sense to me.
That is very Marxist.
Marx claimed that capitalism inherently rips off the working class, noting that the workers are the only group that produces more than they get paid.
Not if a proprietary business: paid for entrepreneurship, paid for management, paid return on capital investment, and paid for labor. All the same person.
Marx wants to seize the revenues for capital investment and for management and for entrepreneurship, then share equally among everyone.
Not much incentive to innovate. That is why the Soviet Union economy was stagnant, except for specific funding, such as the space race. Of course, this Marxist social planner model quickly devolved into the most debased form of a capitalist market, so that very few enjoyed the good life, and everyone else was like an indentured servant.
I hope that you break this into clips. I’m here for the 4th turning part but the movie review could stand on its own. We are all desperate to know when movies and books will be woke-free so we relax. I’m fighting the great fights on Goodreads! Jodi Picoult is toast.
I'm reading The Fourth Turning now. But, have also read, The Creature From Jekyll Island. Trying to find some intersecting points... In any event--this is a fascinating time to be alive.
Finally got to listen to this discussion! Excellent and lots of rewinding to hear parts of it twice! Looking forward to going back and watching some of Andy’s videos. Thanks for time well spent.
So good! Over the last four years I see everything from a totally different perspective, past present and future. Connecting the dots as to why things happen, how we are influenced and for whose gain. So much of the collateral is then turned and used ♻️ as blame / victim narrative to further control.
Very interesting conversation. Obummer dropped some racialist rhetoric in his 2008 campaign and there was the whole Jeremiah Wright thing. And then early in his first term there was the incident with Henry Louis Gates and the police officer which Obama helped resolve fairly civilly by inviting them to the White House for a beer, IIRC.
But I see the Great Awokening as kicking into high gear during his 2012 reelection campaign and in particular the Trayvon Martin-George Zimmerman incident in early 2012. Even then there wasn't the whole transgender insanity. That took off a few years later in the wake of the Obergefell decision.
Very interesting discussion, thanks Sasha! We are in a war if sorts, culture & civil wars. A different & broader damage can happen from these types of war vs a kinetic one.
Thank you, Sasha! We appreciate all of your hard work!
Important subject. So much going on.
I was thinking of Robert Lucas' Asset Pricing in an Exchange Economy (Econometrica 1978), which can be used to model the demand for human rights and fairness, because Lucas assumes a "one-tree" economy, so that everyone buys shares (percentages) of the harvest.
1. The equilibrium condition is a uniform distribution in that each person wants the same percentage of the harvest as everyone else, and although the exact harvest is not known a priori, the expected harvest is the same each year.
2. Contrast that with Mehra & Prescott's extension of the Lucas model, so that investment can increase the yield. This is more in line with merit-based markets, such as produced goods and services, rather than "endowed" rights, which are supposed to come from the laws of nature and nature's God, according to Thomas Jefferson and those who signed the Declaration of Independence. Mehra & Prescott's article is The Equity Premium: A Puzzle? (Journal of Monetary Economics 1985).
3. And there is the mix in generational values, is it not?
What is endowed versus what is earned.
4. I wonder if that is the crux of what Sasha and Andy were discussing.
I know that I view GEN Z as thinking they are endowed with privileges, rather than earning them. If someone works hard and pays taxes and has a decent car and a place to live, why shouldn't the person who is not working, or only works part-time or temp jobs, have the same?
Makes no sense to me.
That is very Marxist.
Marx claimed that capitalism inherently rips off the working class, noting that the workers are the only group that produces more than they get paid.
Not if a proprietary business: paid for entrepreneurship, paid for management, paid return on capital investment, and paid for labor. All the same person.
Marx wants to seize the revenues for capital investment and for management and for entrepreneurship, then share equally among everyone.
Not much incentive to innovate. That is why the Soviet Union economy was stagnant, except for specific funding, such as the space race. Of course, this Marxist social planner model quickly devolved into the most debased form of a capitalist market, so that very few enjoyed the good life, and everyone else was like an indentured servant.
I hope that you break this into clips. I’m here for the 4th turning part but the movie review could stand on its own. We are all desperate to know when movies and books will be woke-free so we relax. I’m fighting the great fights on Goodreads! Jodi Picoult is toast.
I will be listening to this more than a few times. Really enjoyed the two of you and your insights.
Lots of references that I can relate to. ‘Same Page Club’ et al
https://x.com/dakotasdaddy666/status/1916618852135473227?s=46&t=jWzBMDX8S0jZqnML9k3X0A
I guess the prince’s black tie with his blue suit was ok with msm. Of course they’ll never criticize a Muslim - too dangerous.
I'm reading The Fourth Turning now. But, have also read, The Creature From Jekyll Island. Trying to find some intersecting points... In any event--this is a fascinating time to be alive.
Pajama Boy was the prototypical SoyBoi
Love you girl!
For some reason the video's stopped coming through on email?
bob Dylan, born May 24, 1941, therefore a Silent Generation. Boomers 1943-1960
At time stamp: 20:xx Jen Psaki was born in 1978 so she's not Millennial but a GenX
Finally got to listen to this discussion! Excellent and lots of rewinding to hear parts of it twice! Looking forward to going back and watching some of Andy’s videos. Thanks for time well spent.
So good! Over the last four years I see everything from a totally different perspective, past present and future. Connecting the dots as to why things happen, how we are influenced and for whose gain. So much of the collateral is then turned and used ♻️ as blame / victim narrative to further control.
Thought provoking and deserving a re-listen. Thank you.
Very interesting conversation. Obummer dropped some racialist rhetoric in his 2008 campaign and there was the whole Jeremiah Wright thing. And then early in his first term there was the incident with Henry Louis Gates and the police officer which Obama helped resolve fairly civilly by inviting them to the White House for a beer, IIRC.
But I see the Great Awokening as kicking into high gear during his 2012 reelection campaign and in particular the Trayvon Martin-George Zimmerman incident in early 2012. Even then there wasn't the whole transgender insanity. That took off a few years later in the wake of the Obergefell decision.
Anyone else listen to the last Tucker episode and wish they hadn’t?
Very interesting discussion, thanks Sasha! We are in a war if sorts, culture & civil wars. A different & broader damage can happen from these types of war vs a kinetic one.