A Quick Fix For A Broken Capitalist Society

in #capitalism4 years ago

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As a driving philosophical force, to shape, nurture and guide society, capitalism, in its current form, is broken the current situation cannot continue, we need to change our current way of thinking, because it is that, which is flawed.

Perhaps every movement that has millions of humans believing in, and following it, has a major flaw, an elephant in the room that nobody is prepared to talk about. This manifests itself as a group-wide cognitive dissonance, which enables the group to ignore the flaw and create its own truth.

I have two major problems with the capitalist paradigm that I have grown up in. The first of my bugbears is short-termism, and the second is, positive/negative reporting (the tendency to report good news as bad); both problems are intrinsically linked; essentially existing as two sides of the same tainted coin.

Below, I shall explore the two problems and argue that the problems of short-termism and positive/negative reporting, are all pervasive; infecting us individually and ultimately, society as a whole.

The Fastest Way To Ruin A Company

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One of my favourite TV shows here in the UK, is Dragons' Den, it is cousin to the American show, Shark Tank, though on a smaller scale. The richest Dragon in the Den has a net worth estimated at circa $250,000,000 around ten times less than the richest Shark, billionaire, Mark Cuban.

The show is quintessentially English, as inventions like the armchair with a built in treadmill attached, testify to. However, even though I love the show, it frequently highlights the capitalist disease of, being obsessed with performance, both actual and predicted, in the short term, in other words short-termism.

A question that is asked to every single person seeking investment on Dragons' Den, and I'm sure in the Shark Tank too, is;

"What are your three year projections?"

Whilst it may be prudent to pay extra attention to the first few years of your fledgling business; the Den contestants, are never asked where they see the business in 10, 20 or more years.

In the few Shark Tank episodes I've watched, the 3 year projection question seems to have been replaced with:

"What's your exit strategy?"

This question alludes to how fast the contestant is looking to cash in, once they have a profitable business; the contestants know that the Sharks are less likely to invest in someone who doesn't want to sell their business more than 5 years after they've started it.

Crazy!!

This short-termist view isn't shared by all; the New York Stock Exchange was incorporated in 1817, and foreign companies have been listed on it since the late 19th century.

However, up until 1993, there wasn't a single German company on the NYSE, it wasn't until Daimler, as a prerequisite to its merger with Chrysler, became the first organisation from that country to be listed.

This strange phenomena can apparently be traced back to the fact that the Germans see a company as something that has been created to last for a long time. So the thought of submitting financial reports every 3 months, was and in many cases still is, considered madness.

By focusing on a company's performance in small short-term chunks, you are missing the bigger picture. Using short-term methodology, a company that has been sucessful for 10 years, can suddenly have doubt placed on their validity because of 3 bad quarters in a row. The company may well last another 20 or 30 years, however we see time and time again, the value of a company's stock fall because of a few bad quarterly reports.

This malaise doesn't only effect us on an economic and corporate level, it seeps into our very way of being, each individual living in this paradigm, is imbibing the intoxicating beverage of capitalism, and with it, comes the hangover of short-termism.

Perhaps that is why Daimler-Chrysler announced in 2010 that due to restrictive accounting legislature, they were quitting the NYSE. Today, out of the 11 German blue chips listed between 1993 and 2002, only 3 remain; Deutsche Bank , Fresenius Medical Care, and SAP

The Politics Of Right Now

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Until I read the words in a book, it had not consciously occurred to me that, for the large majority of my life; I have been mortgaging the future to pay for the present; a kind of social quantitative easing, if you will indulge me a crude metaphor.

When I was younger, any money I made, or time I had; I spent with the express purpose of having a great time at the time. I didn't give a hoot for the future beyond a few months; I rarely if ever tried to visualise 5 years into the future, beyond any arbitrary, wish-making, way.

I had been financially independent from the age of 18, yet my savings at the age of 35 were a big fat juicy, zero. Why bother saving for ten years time, when there are things to consume right now; You Only Live Once, right?

My argument is that this attitude is drip fed from the top down, first of all through corporate capitalism, and then it is enforced through, capitalist democracy; here we have 4 yearly elections, instead of quarterly reports.

In the same way a company can't really give a true representation of its long-term efforts, in a 3 month period; so neither can an elected government.

How many times have we seen well meaning politicians, demand sensible, long-term solutions to be implemented; only to ignore those same demands?

If we take corruption out of the equation; what are we left with? We are left with a politician who gets elected to power, and sees many long-term solutions that he can put in place immediately for little cost. However one year into his term, he realises that he is only 12 months away from being halfway to his next election.

At this point he realises he needs to be able to give a good interim report on his performance thus far; the politician now starts to look for short term changes he can make. Now it is not about the best you can do for your borough, city, or country; it becomes about what you can do that will make you look good in the short-term.

In the last year of your term, you start to think, what's the point of implementing long term solutions now? They'll take 10 years plus before people notice any change, and by that time you'll be long gone, and someone else will get the credit for it.

Of course, whether it is a politician or a corporation, if things are going badly week after week, month after month, it would be negligent not to investigate, and to try to turn things around in the short-term. However it is the focus on the short-term, at the expense of the long, that ultimately leads to the type of negativity that can turn a good thing bad; like a nice big fresh fish, left out in the sun.

Things Can Only Get Worse

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If I was to describe the phenomena of the negative reporting of a positive subject, I would say it is the; "things can only get worse attitude.

If we hold the analogy of an elephant in the room of capitalism that everybody is conveniently ignoring; then short-termism, would be the back of the elephant, and when he turned to show his front, we would see positive/negative reporting.

We've all seen and heard it; in fact, if you watch the financial section on the news, and/or read the financial press, you will probably have witnessed it within the last couple of days.

"So-And-So Corporation today announced its pretax profits fell 10% from 200 million dollars last year to just 180 million this year. Their share price fell by 1%, blah, blah, blah, blah..."

Time and time again, we are told that it is bad news when a company makes less money than it did 12 months ago. Let's get one thing straight here...

...they are talking about profits! People made money; great! fanfriggingtastic! Woohoo! $180,000,000 is a lot of moolah, let's all go out and have a party!

But no, wait; we can't, because the shareholders are demanding to know why they have had to cut back on ivory backscratchers and the CEO has just been fired for failing.

WHAT????

Seriously; what?

I have never got this attitude, if you make money, you make money, and if it's a lot of money, then it's all gravy; yet we feel this need to cancel out any positivity by comparing it to a previous positive event and turning it into a negative.

Again this seeps into the political arena and poisons the thinking of nations, we hear how unemployment isn't falling as fast as it was; or the economy's growth has slowed.

OK, OK, that sounds bad, but unemployment is still falling right? Our economy is still growing, just slower right? So what's the big whoop?

It seems that by repeating the detrimental phraseology of positive/negative reporting, societies are slowly being hypnotised into believing everything is doom and gloom, and there is little hope for pretty much anything. So is this a conspiracy to keep us all so miserable we just buy stuff to make us happy; or is it a status quo arising from the human condition?

In 1996 a former student of the American psychologist, Calvin S. Hall, published the results from Hall's incredible 30 year study of people's dreams.

There were many fascinating findings extracted from the data of over 50,000 dreams spanning a generation; one of the most interesting findings was that human dreams, tend to be negative; around 70% of everything you dream about in your life, will contain negative emotions such as fear, aggression, loss, despair and anxiety.

Perhaps it is worth mentioning that if Calvin S. Hall, a man born at the start of the 20th century, had had the same short-term views of the sorts of people reading his research in the '90s, then he would never have started his research, let alone finish it.

Things Can Only Get Better

At some point between the 1964 and the 1970 general elections in the United Kingdom; British politics went from preaching hope, to predicting despair.

We can see a stark difference between the opposition party manifestos, in 1964, Labour, whilst paying lipservice to the failure of their predecessors, spoke about the hope and transformation that their new government would bring.

Fast forwarded to 1970 and the Conservative manifesto concentrates on the failing of the previous government and how they would halt the decline.

So we went from:

Vote for me, and I'll make everything great again!

To:

*Vote for me, and I won't mess it up as badly as the other guy."

Clearly it is easier to deliver on not messing up, than it is by achieving something out of nothing, however this stance uncovers a deeper malaise; one that we can directly link to the rise and rise of fractional reserve banking and hyper-capitalism.

The 1970s brought decimalisation in Britain and a dropping of the gold standard by the United States, along with the crutches of fractionally reserved currencies, the decade started to sow the seeds for the short-term, negative paradigm we find ourselves in today.

Imagine you are a shareholder of a big multinational, and you are browsing the profits for the last 6 years, presented below; what do you see?

Would you be worried?

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What about now; one year on; still worried?

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How about now?

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Let's now imagine you were CEO of this listed PLC, between the years of 2009 and 2012; do you think you would have kept your job?

In that third year, do you think you would have been viewed as a Chief Exec who had steered their company to an annual profit of almost 25 million dollars; or as one who had overseen a 50% drop in profits?

How about if you had been the boss between 2012 and 2015?

The fact is, that the way the company should be viewed between 2009 and 2015, is one that has made around $170,000,000. However we know from experience, that a company like this, which is answerable to its shareholders, would be viewed in a negative light; as a company in decline.

Negative attitudes breed negative results; try an experiment with yourself, where you look in the mirror every morning and tell yourself how worthless you are; and how you'll never amount to anything, and all your achievements are a load of crap.

Then monitor how you feel throughout the day; I'll make a bet with you, that you won't feel as great as if you told yourself how amazing you are and how you have value to yourself and those around you.

We know that positive and negative reinforcement effect on an individual level; why do we ignore this effect at a societal level?

That's a rhetorical experiment by the way...

Make Way For The New Breed

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Of course not everyone views the world through the lens of a half-empty glass; if the original investors in Amazon had the short-termism that is rife among traditional capitalists, they would have pulled out a few years after the company had been incorporated.

Maybe some did; not the smart ones though...

So the easy fix to the broken capitalist system is simple; we have to adjust our thinking around short-termism, we can do this by exercising our frontal lobes and looking into a future beyond three months. By continually considering beyond 5 years, both our own personal futures, and that of society at large, we can shift from short-term thinking to long-term; otherwise known as, looking at the bigger picture.

To solve the problem of positive/negative/ reporting is just as easy; you simply ignore the vox populi of the mainstream media; and you definitely don't regurgitate the crapulent nonsense it spews out daily.

Every major movement in human history, started on an individual level; as we move from the capitalist to the informationalist paradigm, the movement away from the rules of the old guard is growing, joining the quiet revolution is simple.

My way, was to stop reading newspapers, or watching the mainstream news, I did this for 3 years before I allowed myself to watch out of curiousity.

The result? I transformed from a negative person to a positive one; I once again saw the absurdity in what the mainstream media called a crisis.

Perhaps too in the new paradigm, the cancer of short-termism will be excised from politics; or maybe that is a green pasture that is still as yet unattainable.

The cryptocurrency space, is naturally filled with protagonists who feel alienated and cheated by the current form of capitalism. As digital currency grows in reputation and size, it is communities such as Steemit that will act as micro-sociopolitical, economic systems to model the macro-global systems, that will rule the world of tomorrow.

A human system is only perfect, in that it is perfectly human, thus rendering it imperfect. So Steemit, along with the other future-communities that are spawned will have their flaws as well. However they will recognise the mistakes of the past, and attempt to avoid them.

There will always be work to be done; for every system like Steem Power, which aims to combat short-termism, there will be a 24 hour and 4 week payout on posts system which will still cling on to the old way.

In politics for every tax break for the rich, there will be a program to teach children economics in elementary school, in order to challenge future debt.

Yes ladies gentlemen, the future is bright, the future is positive; long-termism is making a come back, and we have front seats, so sit back; and let's enjoy the show.

Keep your eyes on the prize, and stay positive, and as always; keep Steemin'.

Cryptogee

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OK, I like where you're going with this; please explain more; and make a new comment thread so we don't run out of reply space.

Cg

I highly recommend you read about the weber-fechner law that shows up the idiocy of expecting relative gains (+5% per year). Basically, it's a result of the fact that humans only have differential feeling. But the end result is that they expect exponential growth in anything ..

Nice one Xeroc! I hadn't heard about this before; I am off right now to study it. :-D

Cg

@cryptogee

Negative attitudes breed negative results
- exactly - I wish these words were in bold letters and could actually scream ... I resonate to this and I admire it that you put it out exactly as it is - no tricks - straightforward as it is. I also watch the Dragons Den and I like Peter Jones the most - among all four I find him the most considerate to all the start up owners - then the oldest woman - I think her name's Debra. They lend the capital the start up owners ask for a certain percentage of company share they want and the moment the start up owners get to pay them back - they give the start up owners the chance to give the dragons the share percentage they asked for before hand. So far I haven't seen Peter Jones being greedy. He has a win win attitude - in my opinion. He also coaches them to make sure they really profit. However, I haven't seen the whole episode of the series so I'm not sure about that. As for Mark - I would never make a deal with that guy if he was the only dragon left to bid for. 40% is way to high to ask for - it's like giving him the company already. I don't hate the guy, I have no reason to - I just don't see it being "worth it". As for "thinking long term" - exactly - give the business a chance to grow - look at Virgin. So let's give STEEMIT a chance to grow - yes it's not perfect - but what's the point of whining - just offer a solution if you see a problem - whining makes it look bad - THINK BEFORE YOU WRITE AND CLICK THAT POST BUTTON - and as for the crypto-currency - i don't know with you guys... but I'm already enjoying it. I am grateful for all the people who came up with it.
My way, was to stop reading newspapers, or watching the mainstream news
same here - I'd rather curate in Steemit than listen to staged up news, propaganda filled and manipulated airings. I'd rather read helpful tips and follow positive posts or stay up late listening to webinars on how to better your life than watch movies that were made to keep people financially dumb because like you - I also believe in
YOLO
so LIVE NOW and LIVE A POSITIVE LIFE but don't forget to be realistic and you can also create a POSITIVE REALITY.

Upvoted - this post is 100% upvotes deserving ! Kudos @cryptogee 😀👏

Thanks for your comment, I'd have to say Peter is my favourite Dragon as well; though I like the new woman on it; I can't remember her name.

It's not just the propaganda of the mainstream media, it's the negativity; they choose to present the most depressing stories from around the world; giving the impression that everything is bad; when it isn't all bad.

As far as YOLO, is concerned, I was making a point that that attitude mixed with short-term thinking is very dangerous. Whilst we do only live once, that doesn't mean we should mortgage our futures to pay for the present.

:-)

Cg

Excellent riposte! I have put my reply on your post, and have submitted you to Curie for upvotes :-)

Cg

I see corporatism and capitalism as completely interconnected, the ideals may be separate, but once you mix self-interest in there, they become one and the same thing.

Cg

I see capitalism as a fairly cut-throat system involving competing entities (competing producers, competing consumers). Corporatism is simply the big-business response to capitalism's feature of competition. It involves government protectionism through regulations, subsidies, and other legislation. The most obvious feature of corporatism is the revolving door between the well-connected corporations and government agency staffing pools. The corporations often write the very laws that "regulate" their behavior. The two systems - capitalism and corporatism - are mutually exclusive.

I don't see capitalism as cut-throat, just competitive; and I don't see corporatism and capitalism as mutually exclusive. Self interest insures that you can't have one without the other. There is no such thing as corporatism in a socialist society because the rules will not allow it.

However bring capitalism into the mix and you can make way for the self interest that you describe above. As I explained in my last article, cryptocapitalism vs cryptocommunism, what we have hear on Steemit has gone someway to answering the problems that capitalism can throw up.

So now we have a system whereby each and every player has a minimum 2 year investment; which counters the first knee-jerk reaction, fulled by self-interest; which is to cut and run as soon as the going is bad.

I believe in capitalism as a tool for growth, however it needs tweaking; which was my main point.

Cg

Thinking about the long-term, without considering the near, could also walk us into bad territory. Not only must we have long-term goals, we also must have short-term goals, in order for us to realize that our everyday lives matter too.

We cannot just plan for the future; we need to wake up and be happy for each day, even as it is.

Both short-term, and long-term focus is necessary.

It is also helpful to be accurate, and realistic with our visions.

Yes, we must achieve a balance; I was talking about the obsession we have with short-term thinking over long.

Cg

Once you replace negative thoughts with positive ones, you will start seeing positive results. :)

So many things!

  1. Ivory backscratchers was great writing. Instant visualization and really funny!

  2. Dragons Den/Shark Tank are a literal obsession to me. I watch the us, uk, cad + aus versions and some online stuff as well haha. This past year I even went to an audition for a business i knew wouldnt make it so I had an idea of what to expect when I go in for real. So if you ever want to start a DD support group @cryptogee, I'm definitely down!

  3. I think the Germans have it right. It seems like literal insanity to do reporting quarterly. How can you ever feel comfortable working towards meaningful growth when you have to be looking over your shoulder every time you spend a dollar? And for what? So the people who dont actually need the extra couple of bucks in the majority of cases can high-five their accountants? What's the point? And more importantly, what's the endgame?? Are they all just planning to be buried with their platinum cards or is there some actual meaningful substance behind all this thirst for instant financial gratification?

Madness, pure madness.

Haha, thanks @ltm :-)

I think I would be down with that DD support group!

The worst part of the shareholder model, is people who aren't actively involved with the company in any meaningful way apart from money, get a say so in the running of it.

Like you say; pure madness!

Cg

Exactly what you see in poker and professional sports especially, complete lack of understanding of variance. Like in baseball, guy who averages screwing up 7 times out of 10 is the king until he suddenly screws up 8 times out of 10 over a small sample size and now he's a bum. Same thing you see in the market, especially with startups, price goes down once and some people can shake it off as a bad run, but the second time everybody's getting fired and the entire business model is getting flipped on its head. It's like, guys, it's been a couple of months, chill the fuck out!

Yeah, there was a whole management consultant faze in the late 90s early noughties, where they would come in and implement "change management". Which basically meant sacking half the workforce and giving the other half double duties; that sort of thinking crippled a lot of business in the longterm, after sorting them out for 5 minutes.

Cg

A very well put together post you highlight some very good points. The system is obessed with growth. Also the division of labour and the rewards are perverted, low wage economy for people who have roles in caring etc

A longwinded, 35yo child with a lifelong pattern of poor impulse control (aka immediate gratification) blames capitalism for all his woes... Where's he from? Socialist AF England. Surprise!

Thanks for skipping to the comments and giving an uninformed reply. Please feel free to write down any more thoughts you have, the print it out; fold them up into a neat little square; and insert it up your bottom.

Toodle pip!

Cg

Why wouldn't anyone skip straight to the comments when the briefest skim made it painfully obvious that you blame an economic system of private property ownership and voluntary exchange for your basic failure as an 'adult' (coughcough!) to plan for your own future? It's bad enough when millenials indulge themselves in such a shallow lifestyle but what excuse do you have? It's well past time to grow up, don't you think?

Cryptogee nails it again!!! Right on the money, dude!!!

Great post, there's a lot in here, I'll be back to give a proper comment after I digest this a bit. Keep it up!

It's interesting to me that people in China tend to think longer term than those of us in the west. I wonder what accounts for that difference?

I would hazard a guess at the fact that they haven't been exposed to Western capitalism as long; they are where we were, philosophically speaking of course, in the 70s.

Cg

Do you think they planned to cover many of their major cities with nearly toxic smog?
That sort of result is the result of short-term thinking, as is everything related to pollution.

Very good point; though I think it's short-term thinking mixed with an absolute disregard for the environment and a good old fashioned dollop of ignorance.

Cg

I do agree that capitalism has short-termism. Despite what a lot of us think about "the government," I think it has funded some long term projects that had great benefit to society. I'll mention computers in the 40s, the space program in the 60s, the ethernet (internet) in the 80s, human genome project in the 90/00s. Maybe long term projects like this will be done in a better way in the future, but they were done with government support in the past and some things worked out well. Just a thought, inspired by your awesome article!

Most (important) research was basically crowd funded, if I'm not mistaken.

Very true, the genome project was essentially university led, government jumped in to take all the glory once the scientists on the project made the info public knowledge, for fear of the big pharmas muscling in, something which government would have supported.

Cg

Absolutely right Kenny; two points though; the kind of long-term projects you talk about are made by consensus, away from the political arena. I'm talking about a situation whereby a politician has got a chance to champion a bill for an education program that will take effect in 15 years, and a tax allocation that will boost the figures in the short term and win him votes.

Also I think that the long-term projects of the 60s through to the 90s are dying out, too often we see reform programs running out of money, because the funds have been diverted to vote-winning, short-term "solutions".

It's a tough one, in some ways I believe elections should be 10 years apart, perhaps then we would be more considered when voting, and politicians could take the long view.

However this creates a whole new set of problems! :-)

Cg

I do see your point about politicians more likely to vote for the short term reward to themselves to get votes in their next election.

In current years, I'm watching the BRAIN initiative and the "Moonshot" war on cancer. I imagine there could be discussion on if the tax payer's money is being well spent or not, but in general, I'm glad time is being spent on these initiatives.

I'm glad to see engagement in the comments! It's another sign of a quality steemit article!

Definitely; I haven't heard of those initiatives; however two things strike me; one is that I'd bet that a lot of long-term programs like that (if not those actual ones) are started off independently of government.

Secondly, anything to do with cancer, Alzheimer and heart disease, will always be popular, because most people know somebody who has been effected by at least one of those things.

It is the long-term problems that seem abstract in people's mind; like for instance, meaningful policies to tackle climate change. These are so unquantifiable in the minds of the public, that major long-term spending happens in drips and drabs, when it's politically convenient.

Please feel free to make another comment tree if we run out and you have more to say :-)

Cg

Long-term... now you're talking my language. It's got its pros and cons.

Start with the solution/vision and work backwards in design.

Are you a singularity guy? @cryptogee Curious to hear some of your future timelines. Also, I'm into helping create a world of abundance 4 everyone. Let's put our heads together sometime. I've been reading your posts and we share many similar interests.

I'm not sure where I stand on the implications for a singularity; though I do believe we are in and on the brink of technological nirvana; and I welcome that :-)

Hmm, a world of abundance for everyone; I'm not sure that is possible at the moment; one day though...

Cg

@cryptogee... You are right, at this moment we don't have abundance for everyone. Anything is possible if we set our mind to it. The best way to predict the future is to create it.
I really like this technological nirvana that you speak of. What's the vision and how can we help build it?

My biggest concern is the "TRANSITION" from where we are at this moment to whatever this nirvana or abundance that we speak of might be in the future. Does anyone else feel a MAJOR, MAJOR concern here?

Exponential Change is Fast. Then Faster. And Faster. Will this nirvana just suddenly appear or will their be misery leading to nirvana?

I don't know about you guys, but if there is a way for any of us to prevent unnecessary harm and suffering that might be caused - I think we need to decide if we want to take action to help usher in nirvana / abundance or if we just want to pass that duty on to the next group of people or just hope for the best.

I'm very interested to hear thoughts about possible technological unemployment and what this could possibly mean to masses of people. Or maybe my concern is just silly and there is nothing at all to be concerned about at all? What do you all have to say?

The future is approaching fast, so let's make sure to enjoy each and every moment!

Needs editing, but am in a bit of a hurry, sorry
This short-term thinking has some side effects that affect the economy as a whole.
If you become CEO of a large company, it is actually quite easy to sustain a nice profit margin in the short term; just sack people at a faster rate than your turnover is dropping.
This has several effects for the long term; first, you hollow out your company to the point where all innovation stops and long-term performance is affected by lack of knowledge and skills; it could very well have been better to accept a short-term fall in profit margin.
Second, something which is conveniently forgotten in many mainstream economic theories: one company's employees are another company's customers, and contrary to popular belief, entrepreneurs don't create jobs, customers do. Through this self-reinforcing mechanism, short-term thinking can make the whole economy spiral the wrong way.

Yup, well put; we saw this in the management consultancy boom; consultants would come in, sack half the work force, double up duties on the remaining half and call it a resounding success; which it would be for about 6-12 months; then the firm would call in another consultant to undo the mess the first one created.

Cg

Great post, thanks for sharing

Great article. I really enjoyed reading it because it sums up the idiocratic pretty well.

Good post. Reading, listening and learning.

Good post. Keep the vision long term by gaining knowledge of the value of what you are investing in... i.e. Steemit!

There are downs right now, it just started. But like you saw, digital currencies will gain momentum int he mainstream, and Steemit will be a at the center of when it started. It will be something great!

Thanks again for the insight and to look ahead.

Take care. Peace.

Exactly, Steemit was set up with the long-term in mind; so it makes me happy in that respect; we just have to not fall into the trap on just focusing on what is wrong with Steemit and celebrate what is right now and again :-)

Cg

Social capitalism will be next I think!

Oh, you mean Australia? :P

Australia is a very strange place these days - just ask the Aussie journalist John Pilger!

WOW. Will definitely have to check him out. I am the same as @cryptogee, I don't watch any mainstream news, or read any newspapers. The way I get the news I need to get, is from social media platforms i.e. reddit front page, and, eventually (hopefully) #steemit. Anything important enough, will make it to these two channels, I believe. In fact, this is basically my new news policy, and I am a lot happier without being fed all that fear from 'the news' 24/7.

Everything else, is rubbish.

I don't subscribe to 'the news'. In my mind, it is only 'a news'. Those large corps and their idea of 'the news' is nowhere near 'the news'. It is simply 'a news', 'their news'.

The state is more powerful than ever; the view that big business alone shapes the new world order is wrong!!

The very term I used in https://steemit.com/cryptocapitalism/@cryptogee/cryptocapitalism-vs-cryptocommunism-the-battle-rages-on

I believe we are seeing a kind of social capitalism with Steemit :-)

Cg

Thanks for the link - I shall go STEEM forage!

thanks for sharing this material, I like what you posted. Thank you so much

It is a 5 year cycle for each Election,not 4 years.
However a Sitting Elected Gov. can call an Election at any time, in those 5 years.
Cheers Gazza.

Thanks; Gazza! You're right of course; what do you think about a 10 year cycle? Does that sound too long, or do you think we'd get better results from our politicians with a longer cycle?

Cg

I like your post, but have a few remarks.
Your sentences are sometimes too complicated constructed, where it was better to start a new sentence. For example in the first sentence it was better to end the sentence after '... is broken', while the new sentence would be 'The current ...'.
My advise would be to alter this so you would attract a wider audience. Because you have a nice angle with what you are trying to point out. Thanks again.

Thanks for your tips; I do have a habit of long sentences. I guess it's the way I speak, so I find it hard to adjust sometimes. However I'll take on board, your advice.

Thanks!

Cg