i am not a libertarian

I don’t believe that finance is the ultimate moral stand, nor that economics is the fundamental science. I read Ayn Rand when I was 12 and she was new. She fooled me, until I turned 15.

Wealthy Entitlement, No Longer a Myth

This study comes in a series in which Piff tries to iso­late the ways that wealth­ier peo­ple dif­fer socially.  Last year, Piff pub­lished a paper show­ing that wealthy indi­vid­u­als are more likely to exhibit a num­ber of uneth­i­cal behav­iors.   As Piff told New York Mag­a­zine last year, “While hav­ing money doesn’t nec­es­sar­ily make any­body any­thing,” Piff says, “the rich are way more likely to pri­or­i­tize their own self-interests above the inter­ests of other peo­ple.  It makes them more likely to exhibit char­ac­ter­is­tics that we would stereo­typ­i­cally asso­ciate with, say, assholes.”

via Wealthy Entitlement, No Longer a Myth.

Market Strata

how many clusters or nodes form in the market?
how distinct are they; well shaped?
most first pass analysis can determine groups of 3 — low, mid, high. typical numbers for ‘skill’ or ‘desire’ based goods can be clustered following the fives: 5, 50, 500