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Sep 01

Competition Is Over-Rated In Capitalism

by Chris Billows in Business Beller 2 comments tags: Contrarian, Free Enterprise, Human Condition
One of the biggest criticisms I have heard from the anti-capitalist crowd (which I was once a part of in my younger years) against capitalism is that it is all about competition. Capitalism has no room for cooperation, or so we are told in the countless business and marketing books and courses (The Art of War) which focus primarily about how to beat the competition. Yet, this is a gross misunderstanding made by both anti-capitalists and pro-capitalists. Capitalism is not about valuing competition over cooperation. It is about having freedom to decide how to engage in the marketplace, either employing competition or cooperation or typically some fluid combination of both. Capitalism is the only system where voluntary economic cooperation can exist. Collectivist societies will place extensive social pressures on its members to “play nice”. This will determine what you are allowed to produce, who you are allowed to buy from, and who you are allowed to sell to. In a collectivist society you might not be allowed to sell your product to a particular region because they are not part of your social or ethnic group. The essence of being collectivist and having a common identity also means that there […]

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Aug 06

The Evolutionary Reason for Not Having Telepathy

by Chris Billows in Mental Mischief 0 comments tags: Human Condition, Human Mystery
Do you remember those superheroes or futuristic adventurers who could read minds and would possess an advantage that always allowed them to defeat the villain? I do, and I always thought it would be so cool to have Telepathy. If we could understand what everyone else was thinking, would that not make life easier? There would be no more guessing what your partner, family, coworkers thought. You just would know. It would improve understanding and make communication easier. Sounds like a good thing. But, now I think there are a couple of really good, solid, and practical reasons we did not evolve to have telepathy: Self-preservation and our need for solitude. Our self-preservation would be compromised If we knew exactly what other people were thinking. We would probably go insane if we had no way of shutting out another’s thoughts. Our own minds are crazy enough, so I would not also want to know everyone else’s thoughts. We would hear every stupid, hostile, and inane thought which would have us ending up in mortal strife with everyone. Look how poor communication creates problems already. Solitude allows us to keep secrets, plan in private, mull things over, and ultimately find some […]

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Jul 09

The Components of Talent

by Chris Billows in Mental Mischief 0 comments tags: Change of Mind, Defining Life, Human Condition
I had a discussion with a friend about musical talent. We both love music and discussed why we never ended up playing it. We arrived at different conclusions about why this happened. For me, I remember making a conscious decision when I was about 17 years old to give up on playing music. I loved it but not enough to want to play it. Playing music did not resonate with me the way it would resonate with somebody who needed to play it. I can play music and believe I would have been a competent musician if I put in hours into it. Its just that I have other interests. My friend says that he desperately wanted to play music but just could not. He said that people would show him how to play the guitar but he could not get his fingers to move the right way. It is was such a struggle that he decided that if it is not going to come easy, then its simply was not meant to be. He said that this proves that we both lacked talent. I disagreed with him. Part of the reason for that disagreement is that we lacked a […]

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Apr 23

Critiques of Democracy

by Chris Billows in Political Ponderings 0 comments tags: Corruption of Democracy, Human Condition, Political Opinion
Months ago, I was doing some Google searches on different philosophical tangents and one of them was “Critiques of Democracy” and I stumbled upon an intriguing website called Promethea. What caught my interest was its statement on its notes page that “all things should be examined according to their impact on life, and popularity by itself is not enough endorsement.” Wow! That struck home and made so much sense. Democracy is not about rationally evaluating what matters or counts most, but about simply giving power to people who are not necessarily capable of measuring or judging competently. Instead voters resort to treating democracy as popularity contests. The site is extensive and I personally find the reference to a mythical character of Prometheus to be very cool. It speaks about Individualism but appears to understand that there is no such thing as a self-made person for we are dependent on the sacrifices of others. Its anti-collectivist stance appears to be a bit too rigid – if individuals have freedom, then surely they have the freedom to join (and leave) a collective. Its something I will peruse over the next year and write a more extensive summary. Check it out… Promethea.org

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Apr 09

Are Pension Plans a Type of Ponzi Scheme?

by Chris Billows in Business Beller 0 comments tags: Corporate Corruption, Foolishness, Human Condition
I was reading about Bernie Madoff’s investment scandal and it suddenly struck me that defined-benefit pension plans (public and private) operate on the same principal as Madoff’s Ponzi plan. Bernie Madoff defrauded his investors of $65 billion dollars with a massive ponzi scheme. Madoff was smart by never offering suspicious high returns to everyone, but did guarantee a steady and modest return regardless of the state of the stock market. This latter point should be suspicious to any intelligent investor. Yet that is exactly what our public and private defined benefit plans are doing. They guarantee a return or benefit rate. Yet how can they do this? Just like Madoff did, by using new money brought in from new investors (or pension contributors) to help meet the payout obligations. As long as new citizens grow up and are forced to contribute to the pension plans, the plan remains viable. But, perhaps we would all be better served by a defined-contribution plan, where the return is based on how well one’s money is managed, instead of compelling citizens to make pension contributions to maintain unsustainable payouts.

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Mar 26

Book Review: Nature via Nurture by Matt Ridley

by Chris Billows in Spirit Speculations 0 comments tags: Comprehensive Analysis, Defining Life, Foolishness, Human Condition, Human History
Being intrigued by the title, I picked up this book to learn finally once and for all which side was right – Are humans a product of biology of genes or social environment? Spoiler Alert: Its both. As a society we have witnessed a longstanding feud between two camps – one set of people believes that genes and nature determines our destiny while their opponents insist that socialization and nurture is our sole determinant. Like the title suggests and as Ridley states almost immediately, it is both nature and nurture that affects human development. The two sides may have valid contributions to understanding human development, but neither side gets it completely right because of sectarian/institutional thinking. The problem is that we are all victim of a media that thrives on reporting the controversial and extremist positions of the Naturists and Nurturist camps. That debate has been an ivory tower battle that has spilled over into Pop-psychology books that teach parents how to parent, how to find a partner, etc. This book proves the level of inanity that academics can resort to. Ridley demonstrate how neither side got it right and how humans are both genes and social mores wrapped together […]
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