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> How could anyone blame them with where our economy has gone. This economy has gone nowhere but up. Those who are not going up with it are likely being held d

> How could anyone blame them with where our economy has gone. This economy has gone nowhere but up. Those who are not going up with it are likely being held down by other systemic issues, not because the game is "rigged".

chipgap98 9y ago
Curious about what the difference between "systemic issues" and 'the game being "rigged"' is?
- sli 9y ago
  One is usually an an inherent problem (e.g. with design, implementation) and the other implies a bad actor manipulating the thing in question.
  - dnautics 9y ago
    A system can be rigged even when everyone thinks they're doing the right thing. For example, the system for academic promotion at universities is a very much 'rigged' game, there are the 'real rules' and the 'rules they say are the rules', but nobody is manipulating it, it's just an emergent phenomenon from a series of well-intentioned processes. probably obtaining VC funding in the valley is the same way.
dnautics 9y ago
> This economy has gone nowhere but up that's a subjective call encodes what things you care about. Look nobody's going to say the median standard of living hasn't increased (although it has stagnated of late), but we don't know what it could have been. How much of the increase in standard of living is due to the economic structure, and how much is due to technological improvement? People aren't starving in the streets when we have a depression-level economic displacement. The fed loves to argue that it's because of its stewardship, but let's be honest, it's because of Norman Borlaug (and the like). Finally, you can't be sure that the 'systemic issues' that are 'holding down' those who are 'not going up' aren't the factors that causing the rest of the economy to go up. If you don't think the game is 'rigged' show me where I can get one of those negative real interest rate loan I keep hearing are getting floated to 'keep our economy stable'.

chipgap98 9y ago

Curious about what the difference between "systemic issues" and 'the game being "rigged"' is?

sli 9y ago
One is usually an an inherent problem (e.g. with design, implementation) and the other implies a bad actor manipulating the thing in question.
- dnautics 9y ago
  A system can be rigged even when everyone thinks they're doing the right thing. For example, the system for academic promotion at universities is a very much 'rigged' game, there are the 'real rules' and the 'rules they say are the rules', but nobody is manipulating it, it's just an emergent phenomenon from a series of well-intentioned processes. probably obtaining VC funding in the valley is the same way.

dnautics 9y ago

> This economy has gone nowhere but up that's a subjective call encodes what things you care about. Look nobody's going to say the median standard of living hasn't increased (although it has stagnated of late), but we don't know what it could have been. How much of the increase in standard of living is due to the economic structure, and how much is due to technological improvement? People aren't starving in the streets when we have a depression-level economic displacement. The fed loves to argue that it's because of its stewardship, but let's be honest, it's because of Norman Borlaug (and the like). Finally, you can't be sure that the 'systemic issues' that are 'holding down' those who are 'not going up' aren't the factors that causing the rest of the economy to go up. If you don't think the game is 'rigged' show me where I can get one of those negative real interest rate loan I keep hearing are getting floated to 'keep our economy stable'.