Disincentivizing the Worship of Wealth
Financial reforms will only work — and prevent disasters — if they take into account human nature and disincentivize greed. The latest proposals fall far short, warns Neal Gabler.
Financial reform will only work if it takes into account human nature and disincentivizes greed, warns Neal Gabler. "The system malfunctioned because the human beings who ran it were greedy...That means that the recession from which we are still reeling was primarily a result of human nature, which the latest reforms don't begin to address." The 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act is intended to help avoid another meltdown, but "to change that behavior and prevent future disasters, one needs a much different and, frankly, far simpler solution than the one President Obama signed — one that disincentivizes greed."
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Butter supply and life satisfaction are linked – but by causation or correlation?
- Haiti and other countries with low butter supply report low life satisfaction.
- The reverse is true for countries like Germany, which score high in both categories.
- As the graph below shows, a curious pattern emerges across the globe. But is it causation or correlation?
Sometimes the basics really matter.
- Jordan Peterson believes that only by taking care of your immediate environment can you then move onto bigger challenges.
- The idea stems from millennials who want to change capitalist economic structures though can be applied broadly.
- In a distracted age, our inability to pay attention to our environment is leading to increased rates of anxiety and depression.
The catacombs of Paris. Secret graffiti beneath NYC. The hidden cities of Cappadocia. Writer and explorer Will Hunt is your philosophical tour guide to what lies beneath.
- "The surface of the earth is where we're rational . . . Part of us dreads the chaos, and part of us is always attracted to it."
- "There were these things hanging from the ceiling…long strands of bacteria called "snotsicles"… But at our feet was a natural stream that had been running through Brooklyn forever."
- "It's…about death. Undergoing a death. We're going into the other world and then retreating to the surface… changed in some way."
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