Re: Mind's Eye Re: Out of the mouths of babes

It is called corruption Neil..  I just received the interest on my AMX a massive 0% aka $0.00  I am one of the suckers that paid their excessive interest rate..  and we wonder why they are billionaires.

Allan 

On Sun, Feb 19, 2012 at 4:49 PM, archytas <nwterry@gmail.com> wrote:

Some way on from this we have the scandal of insider trading by the
government establishment - the classic paper on the US is - *The
study, "Abnormal Returns from the Common Stock Investments of the U.S.
Senate, Alan J. Ziobrowski, Ping Cheng, James W, Boyd, and
Brigitte J. Ziobrowski, was published in the Journal of Financial and
Quantitative Analysis (Dec. 2004) - we all think this is wrong, but
despite proof (Senators and so on beat the market by 12% which should
be impossible) nothing gets done.

On Feb 19, 5:40 am, rigsy03 <rigs...@yahoo.com> wrote:
> Yes- I have seen/read about this. It depends on the nurture and
> envionment. Some are lucky to survive their childhood- their
> adulthood- and make it to old age in one piece with peace of heart and
> mind! And don't take my money! :-)
>
> On Feb 18, 5:29 pm, archytas <nwte...@gmail.com> wrote:
>
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> > "We think children are born with a skeleton of general expectations
> > about fairness," explains Sloane, "and these principles and concepts
> > get shaped in different ways depending on the culture and the
> > environment they're brought up in." Some cultures value sharing more
> > than others, but the ideas that resources should be equally
> > distributed and rewards allocated according to effort are innate and
> > universal.
> > Other survival instincts can intervene. Self-interest is one, as is
> > loyalty to the in-group -- your family, your tribe, your team. It's
> > much harder to abide by that abstract sense of fairness when you want
> > all the cookies -- or your team is hungry. That's why children need
> > reminders to share and practice in the discipline of doing the right
> > thing in spite of their desires.
> > Still, says Sloane, "helping children behave more morally may not be
> > as hard as it would be if they didn't have that skeleton of
> > expectations."
> > This innate moral sense might also explain the power of early trauma,
> > Sloane says. Aside from fairness, research has shown that small
> > children expect people not to harm others and to help others in
> > distress. "If they witness events that violate those expectations in
> > extreme ways, it could explain why these events have such negative and
> > enduring consequences."
>
> > The above is from a recent Science Digest.  It's really this kind of
> > morality I think might help us in forming an economics.  Doing the
> > right thing in spite of desires.  What we need, of course, is more
> > understanding of how we violate this childishness as rationalising
> > adults.

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|_D Allan

Life is for moral, ethical and truthful living.