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Re:Yield Curves Invert in U.S., U.K by kyralis on Wednesday August 14, 2019 @01:58PM (#20698156)
They're not stupid, for the most part. They just have a different set of priorities.

Many of the individuals supporting the trade war and tariffs know that it's causing them problems, but as far as they're concerned it's worth it to stop China from "screwing them over" or "taking advantage of them". This is not, in fact, an unusual thing- people are are frequently willing to take some personal pain to punish what they believe is wrongdoing or failure to adhere to social norms.

I happen to be on the side that believes the tariffs and trade war are doing more harm than good, but labeling those who disagree as stupid is exactly the sort of thing that leads to resentment, failure to communicate, and polarization, none of which are valuable.

Re:Yield Curves Invert in U.S., U.K by filoleg on Wednesday August 14, 2019 @06:46PM (#20700804)
>This is not, in fact, an unusual thing- people are are frequently willing to take some personal pain to punish what they believe is wrongdoing or failure to adhere to social norms.

I would even go as far to say, it might be a case of them believing that they are taking short-term losses to come out ahead of this in the long-term. Whether it will turn out this way in reality, we will see, but that line of thinking actually does make sense.

Re:Yield Curves Invert in U.S., U.K by bduerst on Wednesday August 14, 2019 @04:17PM (#20699499)
"Having a different set of priorities" is just another way of saying someone is stupid or irrational. This base is supporting someone who is not acting in their best interests, because yes, their best interests are not a priority.

There's even a term for this in economics, called Animosity, which leads to economic imbalance: https://en.wikipedia.org/wiki/Economic_discrimination#Animos...

Re:Yield Curves Invert in U.S., U.K by ep103 on Wednesday August 14, 2019 @04:56PM (#20699860)
There's also a term for it, called Reciprocal altruism, which is in many ways, the basis and foundation of human society.
Re:Yield Curves Invert in U.S., U.K by bduerst on Wednesday August 14, 2019 @05:56PM (#20700406)
Economic discrimination, for purposes of animosity, is the opposite of reciprocal altruism.
Re:Yield Curves Invert in U.S., U.K by ep103 on Friday August 16, 2019 @11:52AM (#20716406)
I have heard the term reciprocal altruism to also cover events such as the following scenario:

A country exists with a racial divide, let's say blue/green.

A blue person abuses a green person.

The green person does not fight back, and takes the abuse, knowing they are powerless in the society.

A different blue person, blue person #2, attacks the original blue person. This puts bp#2 at legal and physical risk, even though they were never under any threat of subjugation or abuse from the original attacker.

Blue person #2 would be said to have acted in a form of reciprocal altruism for the green person. This type of behavior is often seen, even in situations where BP#2 has little or nothing to personally gain, was never at any risk, and could potentially receive large negative consequences personally for their actions.

Clearly blue person #2 was also acting in a manner of animosity, that (more generalized) could or not be considered discrimination, economic or otherwise.