Isn't a market-driven economy by definition "about people"? Yet this article promotes "political will" and "global collaboration" (i.e., government-driven coercion or incentivizing) to prioritize the opposite: top-down goals imposed with little regard to what consumers actually want.
A market-driven economy is about dollars, people simply hold those dollars. If people are truly only as significant as their economic consumption and labor magnitudes, I.e their wealth and productivity, then I guess it is about people, it’s just a dehumanizing way to view people. I’d rather not think of myself as 0.000000001% of a jeff bezos.
Well that was an incredible excerpt. Made me think of a concept bounced around lately that is becoming crucial given the inflation of late creating an underclass. Those who don't own stocks or homes (assets) are being left behind. The concept is to gift the newly born an account that dca's the spy and frozen till the owner is of college age at least. I must have heard Josh Brown say it. In a few decades it could provide an intellectual leap.
As usual amazing and thought provoking work and by Kyla.
I haven’t read your book yet (I hopefully will soon), but this excerpt hangs a little suspended from experience for me. I’ll stop my comment until I read the book, hopefully I remember to come back to this post, but I do hope that the book ties these concepts of creativity, passion, suffering, and a focus on people into what stands in the way of healthily realizing these things. I’ve never enjoyed discussions of what should be without a very sober discussion of what is, and what prevents it. I of course, in honor of the vibes economy, agree with the vibes here!
It's all true, perhaps except for claiming any country figured out health insurance only because it's way worse in the US than in some other countries.
What I really miss is mentioning the term culture. That's the elephant in the room. Our culture brought us to where we are. You want a cultural change, and so do I. The majority does not, though. How did that work out for past cultures suffering from intrinsic faults? It did not. They disappeared. The common element between them and our culture is the existence of an ideology, which delivered universal answers that were right in the beginning, but eventually not any more, and still following them was the issue.
Very few cultures value to see the world as it is. You try hard to, and that's how you differ from many. You admit that there is pain, and always will be to some extent, so let's not create more. Not a popular opinion in the western world. Economy as if people mattered. Economy that can be understood, and trusted. I wrote about that recently:
When I was young, I was more optimistic. Now I am certain you can't change the culture, and I can't either. That does not make trying wrong, as long as trying does not cause any harm.
True, I disagree that "everyone knows our healthcare system is abysmal." The US healthcare system is excellent, especially at acute care (more of a mixed bag on chronic care). The mess is strictly on the financial side - there are way too many cooks in the kitchen, such that we end up with a confused Twister game of capitalism and socialism, which is just capitalist enough to fund innovation but too socialist to stand on its own with Corporate America and Medicare.
Kyla is awesome though. Very much appreciate her perspective and looking forward to reading the book!
I know it's just the standard boilerplate disclaimer at the end of all your posts, but in this particular case it was hilarious to me to read:
"People are the economy. So let’s make the economy about people."
followed by:
"This is not financial advice or recommendation for any investment."
Anyway congrats on the book!
Isn't a market-driven economy by definition "about people"? Yet this article promotes "political will" and "global collaboration" (i.e., government-driven coercion or incentivizing) to prioritize the opposite: top-down goals imposed with little regard to what consumers actually want.
A market-driven economy is about dollars, people simply hold those dollars. If people are truly only as significant as their economic consumption and labor magnitudes, I.e their wealth and productivity, then I guess it is about people, it’s just a dehumanizing way to view people. I’d rather not think of myself as 0.000000001% of a jeff bezos.
loved this
Well that was an incredible excerpt. Made me think of a concept bounced around lately that is becoming crucial given the inflation of late creating an underclass. Those who don't own stocks or homes (assets) are being left behind. The concept is to gift the newly born an account that dca's the spy and frozen till the owner is of college age at least. I must have heard Josh Brown say it. In a few decades it could provide an intellectual leap.
As usual amazing and thought provoking work and by Kyla.
I haven’t read your book yet (I hopefully will soon), but this excerpt hangs a little suspended from experience for me. I’ll stop my comment until I read the book, hopefully I remember to come back to this post, but I do hope that the book ties these concepts of creativity, passion, suffering, and a focus on people into what stands in the way of healthily realizing these things. I’ve never enjoyed discussions of what should be without a very sober discussion of what is, and what prevents it. I of course, in honor of the vibes economy, agree with the vibes here!
It's all true, perhaps except for claiming any country figured out health insurance only because it's way worse in the US than in some other countries.
What I really miss is mentioning the term culture. That's the elephant in the room. Our culture brought us to where we are. You want a cultural change, and so do I. The majority does not, though. How did that work out for past cultures suffering from intrinsic faults? It did not. They disappeared. The common element between them and our culture is the existence of an ideology, which delivered universal answers that were right in the beginning, but eventually not any more, and still following them was the issue.
Very few cultures value to see the world as it is. You try hard to, and that's how you differ from many. You admit that there is pain, and always will be to some extent, so let's not create more. Not a popular opinion in the western world. Economy as if people mattered. Economy that can be understood, and trusted. I wrote about that recently:
https://michaelhaardt.substack.com/p/small-is-beautiful
When I was young, I was more optimistic. Now I am certain you can't change the culture, and I can't either. That does not make trying wrong, as long as trying does not cause any harm.
True, I disagree that "everyone knows our healthcare system is abysmal." The US healthcare system is excellent, especially at acute care (more of a mixed bag on chronic care). The mess is strictly on the financial side - there are way too many cooks in the kitchen, such that we end up with a confused Twister game of capitalism and socialism, which is just capitalist enough to fund innovation but too socialist to stand on its own with Corporate America and Medicare.
Kyla is awesome though. Very much appreciate her perspective and looking forward to reading the book!
Your posts continue to inspire and now I’ve got a whole book! Thank you, Kyla.
hype