4 ms·

>I was brought up to respect my elders and to consider society as a mostly-altruistic, benevolent mass of humanity with a conscience bent more towards justice a

by xrange 11y ago

>I was brought up to respect my elders and to consider society as a mostly-altruistic, benevolent mass of humanity with a conscience bent more towards justice and meritocracy Interesting. Do you see this as more of a failure in your upbringing, or of a failure of society to live up to your expectations? Has this realization changed your political thinking in any ways?

roymurdock 11y ago
I think young people should always respect their elders, even though they can and will be wrong at times. Doctors, engineers, politicians, teachers, parents - they're all fallible. I don't think my upbringing was a failure - I think it's pretty normal to be extremely idealistic when you're raised in a middle class, educated bubble like I was. Most of my friends had great, successful parents and I think we all just assumed that if we followed the rules, got good grades, kept our noses clean, and went to college like our parents wanted us to, that we would be happy and successful just like them. That was the magic formula for their generation. In fact, it allowed my mother to come to the US, get a good job at ROME Corp (later acquired by IBM in its heyday), and to pull her family out of poverty in Taiwan, where they had been so poor after her father's death that they had been forced to put 2 of her younger siblings into an orphanage. A college education allowed my dad to start his own law practice and to take out a mortgage in California, back when real estate was something people lived on, not invested in. Now, this paradigm of education=prosperity has shifted dramatically, leading to disillusionment. My domestic friends all want to go into either tech or finance, and some (with degrees from good universities) can't find any jobs. Many of my very intelligent, driven international friends are being forced out of the US post-graduation because nobody wants to sponsor them, when in many cases they would be 10x better than a domestic candidate. The ones who stay are the lucky ones with connections at large companies that are willing to trade visas for favors and personal connections. But sometimes I wonder how lucky they really are to be staying in the US with the trajectory we are currently on. Politically, the financial crisis and subsequent great recession has had a profound impact on me. When I studied economics in high school, I loved it because it presented such a clear path to efficiency and utility: free markets with no regulations, no distortions, no bullshit. Then 2008 came along, and I began to hear my parents argue about how they were going to afford to continue to pay for my high school, or send me to college. I didn't realize the magnitude of the event (the great recession) at the time, but became more aware of it as I started to look at the job market in college. My studies caused me to wonder why our system was set up in such a way that something so terrible could happen on such a large scale. How people were blinded or refused to see what was going on beneath the surface of the economy; how those who were supposed to protect us and our families from financial catastrophe failed miserably. Politically, it made me realize that we need to have a strong government to regulate the greed of the free market, and that when that system of checks and balances fails, people lose their jobs and their homes. They get sick. They become homeless. They rely even more on an already-weak state. Some die. My senior thesis was on the denationalization of currency (Friedrich Hayek's idea) through blockchain-based virtual currency, which would essentially end the government's control over the supply of money and put it into the hands of a regulated currency market. So that's where I ended up - tear down the current festering system, put better regulators into power, and let them steer the unparalleled engine of the free(ish) market. Not completely revolutionary, but definitely a bit weird and radical.
- xrange 11y ago
  >I think it's pretty normal to be extremely idealistic when you're raised in a middle class, educated bubble like I was. So if you have kids someday, would you hope to raise them to be "worldly" or to have lived in a protective bubble?

by xrange 11y ago

roymurdock 11y ago

I think young people should always respect their elders, even though they can and will be wrong at times. Doctors, engineers, politicians, teachers, parents - they're all fallible. I don't think my upbringing was a failure - I think it's pretty normal to be extremely idealistic when you're raised in a middle class, educated bubble like I was. Most of my friends had great, successful parents and I think we all just assumed that if we followed the rules, got good grades, kept our noses clean, and went to college like our parents wanted us to, that we would be happy and successful just like them. That was the magic formula for their generation. In fact, it allowed my mother to come to the US, get a good job at ROME Corp (later acquired by IBM in its heyday), and to pull her family out of poverty in Taiwan, where they had been so poor after her father's death that they had been forced to put 2 of her younger siblings into an orphanage. A college education allowed my dad to start his own law practice and to take out a mortgage in California, back when real estate was something people lived on, not invested in. Now, this paradigm of education=prosperity has shifted dramatically, leading to disillusionment. My domestic friends all want to go into either tech or finance, and some (with degrees from good universities) can't find any jobs. Many of my very intelligent, driven international friends are being forced out of the US post-graduation because nobody wants to sponsor them, when in many cases they would be 10x better than a domestic candidate. The ones who stay are the lucky ones with connections at large companies that are willing to trade visas for favors and personal connections. But sometimes I wonder how lucky they really are to be staying in the US with the trajectory we are currently on. Politically, the financial crisis and subsequent great recession has had a profound impact on me. When I studied economics in high school, I loved it because it presented such a clear path to efficiency and utility: free markets with no regulations, no distortions, no bullshit. Then 2008 came along, and I began to hear my parents argue about how they were going to afford to continue to pay for my high school, or send me to college. I didn't realize the magnitude of the event (the great recession) at the time, but became more aware of it as I started to look at the job market in college. My studies caused me to wonder why our system was set up in such a way that something so terrible could happen on such a large scale. How people were blinded or refused to see what was going on beneath the surface of the economy; how those who were supposed to protect us and our families from financial catastrophe failed miserably. Politically, it made me realize that we need to have a strong government to regulate the greed of the free market, and that when that system of checks and balances fails, people lose their jobs and their homes. They get sick. They become homeless. They rely even more on an already-weak state. Some die. My senior thesis was on the denationalization of currency (Friedrich Hayek's idea) through blockchain-based virtual currency, which would essentially end the government's control over the supply of money and put it into the hands of a regulated currency market. So that's where I ended up - tear down the current festering system, put better regulators into power, and let them steer the unparalleled engine of the free(ish) market. Not completely revolutionary, but definitely a bit weird and radical.

xrange 11y ago
>I think it's pretty normal to be extremely idealistic when you're raised in a middle class, educated bubble like I was. So if you have kids someday, would you hope to raise them to be "worldly" or to have lived in a protective bubble?