It's also a social reward function that privileges egotism and narcissism over empathy; exploitation, scamming, and rent-seeking over creativity, curiosity and invention; and short-term gain over long-term damage.
Like the hardest of hard addictive drugs, it's an almost irresistible modifier of behaviour and attitude.
1 Timothy 6:10: "...the love of money is the root of all kinds of evil."
Now, I'm not saying that is the kind of creativity you want to promote, but it certainly is there. There are many people who have fun doing this kind of work.
That was useful behavior for guard animals but not universally For vast periods of time you want them to bark at intruders, cattle rustlers and predators but not mauling small children or innocents who may leave you liable.
Essentially it may be the power that does it technically.
Check out Michael Hudson and Richard Werner for a dose of reality.
If money was a poison, the west should be dying. Instead living in rich societies has isolated us from the realities of life in the underdeveloped world, and from our own past of just a few generations, that 'first world problem' has become a persistent joke.
Money can be toxic. Look at the awful social and political problems so many petro-states suffer from. Productive work is the great cleanser though. My wife is Chinese and grew up in a hut with no running water heated by a stove. Since I started visiting her hometown in 2001 it's been transformed beyond recognition, and not by a poison.
I often hear this about capitalism, but why do same people never attribute the genocide of American natives, enslavement of Africans and Indians, to capitalism? The earliest emergence of stock companies, lay waste and devastation to an entire sub-continent.
When the sixth mass extinction is underway, ecological disaster on a global scale, and yet "it be as it be", but this is not attributed to capitalism?
Capitalism: it sits to bask in every glory, and all its failures expelled, literally explained away
True to its very mantra: socialize the losses, privatize the gains! At least you can't blame it for inconsistency.
Also, it isn't really capitalism that lifted people out of poverty, it was a very resource-intensive exploitation of fossil fuels on an unprecedented scale.
In the scope of just 1 century, we probably burned at least ~10 million years worth of accumulated energy in fossil fuels. It would be ridiculous if this didn't lift people out of poverty.
BTW, it's not like communism didn't lift people out of poverty. Compare the wealth and possessions of an average citizen of USSR in, say, 1925 and 1975, half a century later.
The underlying pattern has been there for even longer of course, e.g. Bertrand Russell wrote this in 1932:
In the past, there was a small leisure class and a larger working class. The leisure class enjoyed advantages for which there was no basis in social justice; this necessarily made it oppressive, limited its sympathies, and caused it to invent theories by which to justify its privileges.
Because:
- Slavery and genocide predate modern market economics. They are not unique to capitalism. It would need to be shown that they are more prevalent (tough, given Hitler, Pol Pot, Stalin, etc.).
- The slavery and genocide you are probably referencing comes from mercantilism and imperialism, not free market capitalism.
- Slavery, violence, and murder are not features of free markets. Property rights aren't exactly established if people and land can be taken by force without compensation or agreement, not that people are property anyway.
I beg to differ. Slavery, violence and murder are inherent properties of an unjust relationships which follow from unequal distribution of wealth.
If you can show me a society which used property but did not have those effects, feel free to correct this point.
But on other hand, I can show you societies which did not have concepts of property, of trade, and did not have slavery and other forms of oppression.
Capitalism like everything else must adapt or die when circumstances change. As for attribuitable to capitalism a dirty secret is that the USSR was worse environmentally without the greed. It might excaberate some but it is fundamentally the wants and needs that drives consumption.
Haiti's poverty is why their border can be seen from space via deforestation. Humans hunted megafauna to extinction back in ancient times and they weren't exactly morbidly obese.
The mercantilist form of capitalism lead to great abuses and problems, but as always capitalism is the a horrible economic system- but its better than all the alternatives.
In fact Capitalism says very little about politics though. All it takes for it to operate is a functioning legal system and respect for property rights, and that's about it. Capitalism is simply about the freedom to own and raise capital, make investments and earn profits. That's about it. People have been doing that for thousands of years, it's simply the degree to which it is taken that makes the difference. What makes a system non-capitalist is really the degree to which freedoms to invest and practice economic activity are restricted or reserved, and the degree to which property, profits and investment can be appropriated.
Capitalism has very few ideological requirements. A such you can layer over or under it almost any other political ideology. Just look at China with it's Communist political system, statist public sector but burgeoning capitalist economic sector. Is the persecution of the Uighurs down to capitalism?
One problem with capitalism is that it makes a society dramatically more efficient and wealthy, making it a lot more capable of prosecuting whatever other political, racial, cultural or religious agenda the society might have. Just look at the wealthiest nations on earth. They are either capitalist, or they are resource rich such as the petrostates, or in the case of China have re-branded capitalism as 'Chinese Characteristics' and used it to fund the statist side of their agenda. Russia is failing precisely because it has been unable to establish a functioning capitalist economy and relies on oil and gas money instead.
Look at the middle east. Israel is easily the most capitalist society in the region and, even though it faces up to some of the wealthiest nations on the planet, if there was a war between Israel and say Saudi Arabia even, there's no doubt who would get humiliated. That's how terrifyingly effective capitalsim can be. It's the reason Japan rose from being a miserable medieval backwater to dominating all of Asia, even though it retained it's feudal hierarchy. That's how flexible capitalism is because it's not really an ideology, it's just about basic economics.
Capitalism means free markets. Free markets means freedom to buy, sell and invest. Freedoms must be protected, and the freest markets have the strongest protections for person and property. Freedom and security go hand in hand.
If capitalism is responsible for slavery and genocide, then it's also responsible for eradicating slavery and genocide within its sphere.
Alternative economic systems don't magically promote human rights. Let's discuss the gap between rich and poor in China or Cuba. Or ethnic suppression and genocide in the USSR or China. Or endemic racism in Cuba. Or systematic impoverishment of millions of people in oligarchies across Africa and South America.
I'm still waiting for socialist systems to make a billion people freer and happier, instead of dead, impoverished or imprisoned.
No, it's a model of property rights. “Free markets” are a slogan, but not even a particularly coherent concept much less a concrete thing that is present in capitalism.
To me, it's similar to looking at a voting system like first past the post and identifying that the system tends towards two parties as a fundamental nature of the system. Underlying motives and strategies of individuals within the system will produce this effect.
I'm not commention on the validity of the "no real communism" statement here, just the comparison of it to the "no real free market"
You see, capitalism indeed works great for the people who "win", yet to keep a relatively high standard of living at home (I'm talking about America since it's the wealthiest country in the world), much suffering has been inflicted in other faraway places: labour is exploited, natural resources are pillaged, brutal control is effected, either directly or by more dissimulated means... This is what people don't talk about then they mention the "joys" of capitalism, they don't mention the repression and murders in Guatemala and dozens other countries, they don't mention slavery and the genocide of natives, they don't mention how multinationals exploit resource-rich countries and siphon that sorely-needed wealth back to the privileged West, etc.
ANY sort of inherent human greed capitalizes on suffering. It doesn't magically disappear with another system. There is always a pareto distribution of wealth. The differences are in which metrics are the primary leverage for accumulation and the scale of the differentials (wealth disparity) along the curve.
Capitalism didn't originate the concept of resources, or politics, or even money. How can you justify blaming Capitalism for things that happen just as much, if not many, many orders of magnitude more in non-capitalist societies?
Conversely I think it is justifiable to attribute the enormous economic gains of that billion people to capitalism directly. It's an economic system and we're measuring economic gains directly attributable to investment, often replacing decidedly un-capitalist systems.
Consider your favourite successful startup and move it to Central America. Now consider what additional factors it needs to take in to simply operate. Take security as an example: Private guards acting with high aggression (machine guns) are a basic requirement in some areas. Compare that to New York (Hand gun).
It's not a reasonable comparison.
You're missing the point. The United State's functioning capitalism is a major cause of your hesitancy to call Central America's countries functioning capitalistic societies.
With that in mind, it makes a lot of sense why money (and the economy generally) rubs people the wrong way. We have here a powerful system in which if you act rationally, selfishly and with intent to maximise your personal outcomes (but within the law), others will benefit. Intent is explicitly not part of the equation of who gets to be wealthy. But the whole thing hangs together because of the intuitive fact that a clever person acting with selfish intent can usually do more good than a clever selfless person acting with noble intent.
There is an irony that working to maximise your income looks, in real terms, a lot like dedicating your life to the betterment of others with personal perks. The people who get rich under capitalism do not spend their time sitting in idleness.
Looking at research and listening to experts in this fields, it is really fascinating how anything can be made into a value system for social status. Not only that but we can participate simultaneously in multiple social circles with completely different value systems, and as one researcher put it, we tend to channel most of our self worth based on the system where we are ranked highest.
Strangely, money seems like one of the hardest method but also one of the most effective method to achieve this.
That said, perception can quickly change and it very possible that the distance that Internet has makes it more vulnerable to collapsing. In an other lecture on stress it was pointed out that few things cause more harm than when false hope is found to be misplaced, so it very possible that if a individual perceive themselves as high ranked only to be proven wrong, then that can cause major health related issues. It was something that stress studies found out the hard way.
Because of the inherited status of M&P grades most of us where quite happy to take our toil - though this depended on your family's status as well.
Money equals certainty for a lot of people. It lets them count on certain things always being there. Having your own home, respect, clout totally builds your confidence and lets you face life with positivity. You can afford to be wrong more often, so you don't mind sticking your neck out - sometimes you lose, but often times you win big. In short, money removes a lot of anxieties.
A poor person simply doesn't have these luxuries, and the anxiety of poverty is a killer in its own right.
Our flavor of capitalism is also such that all the wealth ends up in a small number of hands. The winner takes all. I wished we could somehow enforce equality without negatively impacting innovation. Probably wishful thinking, but I wonder if society can be optimised so everyone can feel prosperous at the same time?!
Has to do with society functioning as a genetic algorithm: look into a-life like the work of Danny Hillis. You don't make gains when one 'solution' dominates over all others, that's called a plateau. Currently we're at a very low plateau where meddling with finance instruments or collecting rents of various kinds is the only effective way to wealth, and where most innovation will just get you broke and out of the game, because the risk of failing is far too severe.
In history we've had far better conditions for innovation (for instance, the dawn of personal computers) when people were generally more well-off but the disparity between extremes (Gini) was far smaller. This wasn't true for all populations, but I mean the populations that supported technological innovation.
You have to have whole thriving populations of individuals with bits of the eventual answer, including bits that aren't in themselves self-sufficient, in order for crossover and inter-pollination to give you new heights of innovation. Part of that is challenging (disrupting) existing 'best answers', something that's already in the DNA of silicon valley. Right now the best answer is just to get wealthy by any means necessary, preferably by collecting rents and bringing nothing to the table (to work or develop new things would be redirecting energy that can be used to just collect rent and extort money out of the system: it's disadvantageous to make anything new or better when you can engineer the existing system to your benefit)
There is no way Gini inequality helps innovation at all. Innovation has to do with populations of actors that are all reasonably capable of addressing a problem, not seeking a single optimal individual who will do all your innovating for you. Our incentives are literally backwards.
I don't think there is any level where more equality does not lead to more innovation (any evidence to the contrary is welcome).
The thing with innovation and inequality is that some government programs that help (or claim to) the first can harm the second at the same time. But AFAIK, there is no absolute antagonism between them.
https://www.insidermonkey.com/blog/10-countries-with-most-in...
When I was younger the lyrics of "Common People" by Pulp [0] really resonated with me on this point - that day to day background worry of making ends meet plagues communities.
Obviously once you reach a certain level of comfort, you get diminishing returns (and even negative returns once the money owns you), but we still need to work on getting more people up to comfort.
I think it works because Shatner's spoken work technique really brings out the lyrics.
I imagine having that whole weight lifted... and then I read articles like this. Maybe we're all doomed. Call the Buddhists.
I don't see how any of these would not have been true earlier though.
Do you have any resources that you recommend?
If we are asked to do something that in abstract we would consider stupid or pointless, but is now accompanied by a large amount of money, we accept with the presumption that no one would offer so much money if it weren't very important.
Money provides a very simple, neat way of valuing every item or service on Earth. Deceptively simple.
That seems to be overthinking motivation.
If a sponsor was offering $500k for someone to stand on a streetcorner and sing Weird Al songs most people wouldn't consider that was an important job but they'd still do it for the money. Because the money provides opportunity to buy or do things that are worthwhile.
Money is a simple way of valuing objective time vs opportunity.
The 2008 financial crash, for instance, arguably demonstrated that a lot of practices in the finance industry weren't really creating value for anyone, just deceptively pushing up the value of something worthless in order to profit from it. But if you had approached someone making $500k at Bear Sterns in 2007 and said that, it would have touched off a whole string of rationalizations that basically amount to: "I'm being paid a lot of money, so this must be useful, otherwise I wouldn't be so rich" and potentially even "if you are so smart, why aren't you making $500k?"
And it's not just finance. I've had a version of that conversation often with Googlers when I criticize the company's bizarre and inexplicably messaging strategy were they seem to deliberately blow up any semblance of a good product. Their argument is ultimately, "we get paid $200k+ to do this and you work in a power plant, how could you possibly know any better than us?"
That's what I'm trying to get at with "money as merit".
Just because the company got wiped out by a black swan style event means nothing about whether their employees were providing a lot of value to the firm.
Progressive betting strategies for example can appear to work in the short term, but anyone executing them is destroying value.
The same applies to traders, etc.
My dentist fixing my toothache still provided value to me even if I die of a massive heart attack in two months.
Really, the company did not die in "100 hours." People just noticed it was already dead.
But they're just new grads, so obviously they can't know much, right?
Compensation is an intense topic for obvious reasons. There is a lot of variance in the data and it is anything but transparent. It's not surprising that people would create accounts to post sensitive information about it. I haven't seen examples of abuse in this area, but if you or anyone think you're seeing some, please email [email protected] so we can investigate.
But also, compensation is a sensitive topic. I don't know of the other posts you're speaking of, but people don't like having compensation history go with their comments.
I haven't looked deep into it because I just don't care at this point, but 200k in Mountain View isn't the same 200k in other places.
I imagine this is especially true for people who have a high score on this metric. It appeals to ego and vanity.
oh boy I'd take a higher paying job to pay my mortgage or ease vacation with kids. No need to have a higher value than that.
Isn't that the very concept of money? :)
Edit: newlines
If we traded in goats, it'd be how many goats you have. It doesn't matter at all the medium, as long as the value is tenable.
it is actually against reddit rules to auto ban users like that but it is part of the increasing number of rarely enforced rules on reddit
Aside from saying unpopular things, a net negative karma will also do it, which is a reflection of the same outcome
Always check your post history from an incognito browser to see if others can see it
Plenty of explanations about why: https://hn.algolia.com/?sort=byDate&dateRange=all&type=comme...
I believe the real explanation of why identity is important to them is a bit of social psychology. The theory is that identifying with people makes them less mean to each other. So they probably want consistent identities so people will be more civil, which is one of their stated goals.
It's also the way HN has always worked. A collection of nameless posts would be a very different kind of forum. Anyone is welcome to start one, but not to turn this one into that one.
also the semi-noob phrase is showing the age of that document
So with due respect, Kafkaesque suggestions to contact the mods don’t help. What would help is getting rid of juvenile practices that are arguably ineffective, i. e., shadow bans.
https://hn.algolia.com/?query=we%27ve%20banned&sort=byDate&d...
Bollocks.
While other things conform to the prevalent opinion and masquarade as insightful high quality comments
there is a reason we can still see the now-laughable criticisms of dropbox
But was it really?
It certainly wasn't a high-quality comment, it was too negative and arguably mean.
But the "failure" of the comment was merely a failure in correctly evaluating the business value. Something most of us have done many times in our "forum careers". Just think about all those comments that amount to not much more than "if you don't use the command line, you're not worthy of using a computer".
On a technical level it was fine. And remember, Dropbox in this very first stage was a very different beast from today's Dropbox.
Curiously enough, the least happy people I've met are the ones that fall into neither category. Enough money to feel safe, fed, and warm, but no direction or meaning in their life. They aren't sure what to do with themselves. Should they try for more money? Should they choose a less vapid career path? They can't give up the middle-class salary or the middle-class experience. It's very sad.
Much more useful would be notifications of people responding to my comments, or maybe even people continuing discussions that I'm interested in. It's easy to lose track of those if I haven't posted in them.
// ==UserScript==
// @name hide HN karma
// @namespace http://tampermonkey.net/
// @version 0.1
// @description hide HN karma
// @author You
// @match https://news.ycombinator.com/*
// @grant none
// ==/UserScript==
(function() {
'use strict';
if(document.getElementById('me') !== null){
//hide karma
Array.from(document.getElementById('me').parentElement.childNodes)
.filter(x => x.nodeType == Node.TEXT_NODE)
.forEach(y => {y.textContent=' '})
//remove link to profile page
let me = document.getElementById('me');
let newme = document.createElement('span');
newme.textContent = me.textContent;
me.parentElement.replaceChild(newme,me)
;
}
})(); //hide karma
let karma = document.getElementById("me").nextSibling;
karma.textContent = " | "It's a well kept secret.
And I've been much happier since I stopped looking at it, but every now and then I fall off the wagon and sneak a peek.
That turned out to be a good thing. I lost most interest in advancing the counter...
Added this to my `userContent.css` in firefox to hide my scores and votes
@-moz-document domain(news.ycombinator.com) {
.score { display: none; }
body>center>table>tbody>tr:first-child>td>table>tbody>tr:first-child>td:nth-child(3) {
visibility: hidden;
}
body>center>table>tbody>tr:first-child>td>table>tbody>tr:first-child>td:nth-child(3) a {
visibility: visible;
}
html[op=user]>body>center>table>tbody>tr:nth-child(0n+3)>td:first-child form>table>tbody>tr:nth-child(3) {
display: none;
}
}
which HN would just let me check a box "no score"If only we could somehow get the rich to look at the CO2 ppm and be excited about that number getting smaller.
It didn't seem as so insightful then, but as I navigate this world, I get it.
Anything that can be purchased is that much more enjoyable when real human connection is involved, otherwise it honestly doesn’t matter how lavish the thing is, it just becomes kind of boring.
It’s possible to purchase fake connection, but again it’s pretty boring because it’s fake.
Even the money making process is more boring without genuine connections to others.
I still kid my wife about "internet points" when I take a photo for Google Maps and the like, and I totally empathise with you on the feeling of seeing that number, but for my own peace of mind I've had to restrict myself from it.
BTW, money is not just good for buying material things. You can spend arbitrary amounts of money on philanthropy and political donations. Once you start to do that, a lot of people start to want to be your friend. That kind of attention and deference can also be a very powerful drug.