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I don't have the statistics and I made it pretty clear that I'm guessing the numbers but I can see what kind of people are getting rich. They all have social co
by cryptica 6y ago
I don't have the statistics and I made it pretty clear that I'm guessing the numbers but I can see what kind of people are getting rich. They all have social connections to rich people, mostly family ties. This is so obvious. I don't need statistics to tell me that the sun rises every morning.
Unfortunately, there is no incentive for anyone with money to fund studies to show how crony-capitalism doesn't work. On the other hand, many people with money are interested to fund studies which show how it does work. So you only see the good parts and even there, the choice of words often distorts the true meaning of the statistics.
Statistics are worthless. My wife has a masters degree in marketing and was working in market research for over a decade before she quit (she worked for several acclaimed agencies and did a lot of work for big corporations and governments). She is the one who told me that statistics are worthless (which is why she ended up quitting). The job of the market research agency is to figure out what the client wants to hear and then they work backwards to make the numbers fit... Then they make creative use of wording, categories and correlations to mislead clients into drawing incorrect but financially beneficial conclusions.