“A developed country is not a place where the poor have cars. It’s where the rich use public transportation”
– Gustavo Petro, Mayor of Bogotá, Colombia
Embedded in the definition of a functioning free-market economy, there is the assumption that individuals will act rationally in their own self-interest. This, along with perfect information about the price and quality of goods in the marketplace, are prerequisites for the proper functioning of the basic model of the free market.
This picture illustrates that human beings do not always act with rational self-interest, but often let their limited understanding of the complexity of the situation impede wise choices. Just like in capitalism, people often confuse what is in their best interest ultimately (keeping traffic flow orderly and smooth) with what is in their best interest immediately (moving forward now). Often, in the world of business, there is more pressure on having a profitable quarter now than making tough decisions (maybe even sacrificing immediate gains) for something as hard to quantify as profitability 20 or 30 years from now.
How quaint
it’s like one of those puzzle games; you have to move all of them to perfection to allow the red one out of the trap. On insane mode.
Well, since the whole doesn’t give a crap about you, why should you give a crap about the whole?
“A developed country is not a place where the poor have cars. It’s where the rich use public transportation”
– Gustavo Petro, Mayor of Bogotá, Colombia
Looks more like a second-world country, and I’m betting it’s more socialist than capitalist.
That is not the definition of capitalist at all.
Embedded in the definition of a functioning free-market economy, there is the assumption that individuals will act rationally in their own self-interest. This, along with perfect information about the price and quality of goods in the marketplace, are prerequisites for the proper functioning of the basic model of the free market.
This picture illustrates that human beings do not always act with rational self-interest, but often let their limited understanding of the complexity of the situation impede wise choices. Just like in capitalism, people often confuse what is in their best interest ultimately (keeping traffic flow orderly and smooth) with what is in their best interest immediately (moving forward now). Often, in the world of business, there is more pressure on having a profitable quarter now than making tough decisions (maybe even sacrificing immediate gains) for something as hard to quantify as profitability 20 or 30 years from now.
You could use this pic to indict pretty much any political system/viewpoint you disagree with.
Do pacifism. Go!
PACIFISM – Peace leads to complacency. Complacency leads to stupidity. Stupidity renders you immobile and exposed to attack.