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Showing posts from June, 2021

Reflections on being young

Reflections on being young You felt the draw of chasing after, The call of proving yourself, Insecure voices hasten you to run, To find a practice, a position, a piece of the world, To call yourself educated, upper middle, Rational, respected, and responsible Not undeserving of your own position. You fell into chasing after, Like a part on the factory line. Society is an unwavering march, A tidal flood of billions, Going the same direction,  Each losing their own way. When you began the chase, you still had feelings, The unease that surrounded victories, The body's revolt, the wayward tug, Silenced and stifled to chase after progress, Rooted out, until what matters is reasoned, not felt. The chase leads you into the climb, The climb leads you into wealth, The wealth leads you into belief You're on the right track, You've not lost your way, You're living the best possible life you can. Eventually the chase swallows you For the chase you've given up a lot But until th...

Value creation, capture, and distribution

Economics is equal parts value creation, capture and distribution.  If we define "good" as promoting social stability, "good" economic policy allows value capture to enable value creation while maximizing value distribution. Or in English, it allows continuous investment into society in ways that makes all people live better lives. We value stability because lack of stability means collapse. A stable society is when everyone has enough share of the growing value created in the world and perceive their slice of value is increasing over time. If economic policies distribute value perfectly (disallow value capture), we may not have value creation. The cycle of capturing value and reinvesting it back into value creation is important for increasing the quality and quantity of value created. Amassing resources is needed to develop sophisticated services, goods, scientific achievements, or means of production.  However, value capture does not always go to or come from valu...