Sunday, January 25, 2015
Derik Graham, Chapter 1, question 6
One passage that I found very interesting was the section on the "superstar" phenomenon. I noticed that before this passage the author said that "profit opportunities attract firms like skarks to blood..." and so are we attracted to the most profitable fields of work. I attributed this to us acting in our rational self-interest, more money=more stuff, and that makes sense. Moreover on the superstar phenomenon, I have always recognized the fact that one must be the best in their field to recieve the most pay for their talents, but I never realized the barriers that this creates. If I am inffering correctly from the context of the passage, because the most talented worker gets paid the largest sum of money then as a result there is less profit to provide for more workers, and furthermore makes it all the more difficult for someone well qualified to get a job. This poses a question of whether or not this is fair, but then again as Wheelan stated, capitalism is the lesser of evils, and is more certainly not fair, and if I were to add to that I would say that capitalism is fair, but only to those better suited for competition.
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Do you think there are some people who are not suited for competition, and fare better when everything is the same?
ReplyDeleteMaybe some people who don't want pink kitty wigs, or flamethrowers?
People who don't want to have variety between their own possessions and someone else's possessions?