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News Briefs 24-11-2006

In grand U.S. tradition, on the heels of yesterday’s food-abuse festival, comes the massive credit card abuse of Black Friday.

Thanks, Greg.

Quote of the Day:

What do you mean you’ve never been to Alpha Centauri? Oh, for heaven’s sake, mankind, it’s only four light years away, you know. I’m sorry, but if you can’t be bothered to take an interest in local affairs, that’s your own lookout. Energize the demolition beam. I don’t know. Apathetic bloody planet. I have no sympathy at all.

Vogon captain, in Douglas Adams’ The Hitchhiker’s Guide to the Galaxy (Amazon US & UK).

  1. old wealth
    Thanks Kat,

    I read the article, the part that is public on you link. It is interesting, although I have some problems with it.

    But first, let me say what it reminds me of – just a few days ago, this came up in a conversation with Pam and me. In some places (Africa I’m afraid) it is still difficult to explain that you should catch rain water. And then store it for later use.

    Now to look at this, it is blatantly silly to not know this.

    Also if you take a particularly smart woman or man out of this environment at age 4, and educate them in a western, or russian, or chinese or japanese school and university, they will take you to the moon if you ask them to. But they are told to aim very low. It is a crying shame.

    —-
    don’t let people drive you crazy, when it is within walking distance

    1. Stone Age wealth
      I’m not convinced they’re really onto something, but if they are, it seems to me they’ve discovered the cultural value of education, i.e. they’re studying those cultures which discovered how to successfully pass on the secrets of their technological discoveries.

      In a way, you’re saying the same thing, only backwards — any culture that, for whatever reason, can’t manage to pass on the basics, such as the value of capturing rainwater, won’t survive very long, especially under the impact of the climate changes we’re now seeing.

      That’s a gross simplification, of course. Sad to say, but, given humanity’s predisposition for tribal warfare, maybe what they’ve really discovered is the long-term economic value of passing on the most lethal technology to the next generation.

      I wonder if anyone’s studied how the speed of changes in religious ideas affects ‘wealth’.

      1. study of religion and wealth
        I don’t know about studies done regarding prehistory links of religion/wealth but,
        Robert Barro, a professor at Harvard, has been examining the links between religion and economic growth, his work was reviewed in The Economist.
        This is an excerpt from an internet article. (link below)
        http://woodrow.mpls.frb.fed.us/pubs/region/05-09/barro.cfm

        “Current explorations of the economics of religion and the equity premium puzzle are characteristic forays into unexpected territory. But whether his future efforts take an evolutionary step or a revolutionary leap, Barro’s body of work has already established its profound value—economics that will shape generations to come.”

        Love, Pam —————————–Truth is stranger than fiction.

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