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The problem with this parable is that it equates two different scenarios. A fisherman without extensive financial resources is not the same as a person with ex
by ryanjshaw 13y ago
The problem with this parable is that it equates two different scenarios. A fisherman without extensive financial resources is not the same as a person with extensive financial resources choosing to fish. Here's some alternative endings, in a country without social and medical support in place, for you to consider:
1. The fisherman develops a serious illness and finds he can no longer support his family. His wife, who was barely getting by on a fisherman's income as a housewife, finds herself working at a local bar, serving drunk, lecherous men every day and night. His son and daughter find themselves unable to afford an education and really don't want daddy to die. With mounting medical bills, the son finds himself involved in crime to support his family and is eventually sent to prison for life for a crime he didn't commit. The daughter meets a wealthy man and everything is great until he starts hitting her. But at least she can support her father, lying on his deathbed in hospital. Daddy eventually dies but by that point she's stuck with 2 kids married to a man she hates.
2. Oh but medical welfare would solve the problem in #2? Setting aside that this is contrary to my stated scenario (a country without medical welfare), consider this scenario: the fisherman loses his fingers and toes in a freak fishing accident.
3. Oh but somehow he managed to afford an insurance policy that paid out on disability? Setting aside how unlikely this is to be for people barely making a living wage, consider this scenario instead: the nearby waters are polluted by an American oil extraction firm, and the fisherman finds himself scrubbing toilets at McDonald's to support his family. The American happens to come by one day and leaves him a nice tip.
- z92 13y agoOn the other hand you can get bankrupt due to: 1. Share market crash. 2. Change in government regulations. 3. Getting sued. 4. Or simply bad luck. 90% of all business fail anyway.
- ryanjshaw 13y agoAbsolutely a valid, if tangential, point - businesses are not without risks. But if you want the reward, you have to take the risk - and I want the reward. Aside from that, you get to look back over your life and, whatever your mistakes, say "at least I tried". Better than "damn I was lazy, you kids better support me."
- hackula1 13y agoNone of those would bankrupt me, without everybody getting bankrupt. An emergency fund and a modest lifestyle + a decent tech income = lots of security. I also avoid "straight tech" jobs, where there is no strong vertical experience. I work on data analysis and predictive analytics applications, which means I could easily make a jump into several other fields in no time. Call me paranoid, but I refuse to be the "HTML Designer" of the next crash.
- PeterisP 13y agoNone of these should cause a wealthy man to go bankrupt. It can cause a business to go bankrupt, and a wealthy man to become much less wealthy, but otherwise either you are stupid or you are diversified; and it's easier to 'stay there' than to 'get there'. If a stock market crash or, say, Madoff hurts you then it's bad luck; but if it destroys you then it's stupidity. For example, Bill Gates should still be wealthy even if Microsoft went completely bankrupt at any point since mid-1980ies. Sure, he probably wouldn't be on his malaria campaign in that case, but it wouldn't hurt his life that much.