-14 karma · joined November 2, 2019
Two sets of rules.
The last voyage before they turned inward was more than 30,000 people on 3-400 ships on a trading mission. At that scale, seems like enough nautical knowledge to travel most of the globe.
You are correct on that point. More than 50% of the 100$ trillion is held by the top 10%.
On the other point, my point is the first $500k to 1million of wealth was due to inheritance... not the total wealth of the 1%.
Follow up: At one point, any white male could move westward and get free land (whether indegeous owned or not). 40-100 acres after a century+ of property value appreciation is quite a bit of wealth. The $500k-1m number I use as a baseline for white wealth is very conservative.
The majority of the $500k-1m baseline in white middle-upper class wealth is in homes and land handed down as inheritances, this is not debatable. That property allows a certain amount of leverage to invest in education, businesses etc...
The ben & jerry's founder talked about this in vivid detail on the campaign trail with Bernie Sanders. If he was black where he grew up, no GI bill = no cheap housing = no appreciation of property/land over his childhood = no financial leverage to build his company.
I can take risks and fail without going bankrupt thanks to familial wealth, that is a tremendous luxury not afforded to the group I'm mentioning.
The blindspots end up being extremely problematic.
Our criminal justice system has a heavy financial penalty component, I can see how this nickle and diming of certain economically at risk communities can result in more crime.
Ferguson is a great example, where the city made a large percentage of it's revenue overpolicing minorities (in many cases even planting drugs etc... As video evidence and DOJ investigations showed). This resulted in many escelations of fines/warrants/arrests for not being able to pay simple traffic/jaywalking etc fines.
Putting people in a position where they have to choose between paying rent/medical bills /food or escalating fines (for non payment). Also in many cases, if they could afford a lawyer these outcomes would be very different.
MLK talked about the "2 Americas", this is what the other one looks like.
White Americans = 70% of pop. , $100 trillion in wealth.
African Americans = 14% of the pop, $2.9 trillion in wealth
African Americans in particular owned almost 10-12% of the land in this country (true wealth) and were promised more from the government in reparations (40 acres) not long ago, but discriminatory policies stripped that land away from them over 100 years.
Being in the USA for 150-200 years results in atleast 500k-1million $ in wealth purely due to land and home value appreciation.
The average black person has about ~500$ in wealth. This isn't a fluke, this was designed... This is a country that criminalizes being poor more and more in many ways, so we can fall into the trap of revictimizing the underclass we created, this time using algos, if we are not careful.
The down voters are why sanitizing history is a bad idea. It also allows the criminal past of many families/institutions to be swept under the rug.
https://en.m.wikipedia.org/wiki/State_police_(United_States)
https://www.history.com/news/underground-railroad-mexico-esc...
Not a complete end of enforcement but it shows broken window policing might be stupidity on steroids.
They were created first and foremost for slaves, not immigrant masses. History gets too sanitized for my liking in this country and we miss important lessons because of it.
I'm sure many customers will avoid 737s in general due to confusion.
Israel could've been a much better product of creative thinking. Now it's an apartheid state with the indigenous kept in an open air prison that is regularly used for international weapons testing.... The unwise think in very short terms...and it comes back to bite them shortly after.
If you are at the point that your company is adding MAX to the end of its product names, your company is about to jump the shark (see Boeing).
Creative intelligence involves always striving for the new thoughts, fresh ideas, novel ways to solve problems....repetition makes people mentally weak and depressed.
Many of the problems we discuss today about humans in the era of automation have already been addressed in ancient Indian philosophy (many millennia ago). This isn't new....
The wiser among us know historically garbage thinking when we see it.