Monday, May 26, 2014

What will be on America's tombstone? Died of Dunning-Kruger Effect?

Of course it is Memorial Day, the day to honor the dead who gave the ultimate sacrifice to their country.  It may be advisable to write something about that, yet I have neglected it.  Rather than look to the past, I am looking toward the future, which does not look too good.  In fact, the retail sales performance is said to be in a Death Rattle.

Littered throughout the piece is the constant references to what isn't known.  It reminded me of Dunning-Kruger Effect.  Do most of the people in this nation not know their own incompetence?  Why do they insist upon electing "leaders" who don't do anything constructive to solve problems, but instead, do the very opposite?  Hasn't it dawned upon these people yet that something is wrong and something must be done to set things right?  But you have to know what the cause of the problem is before you have any hope in getting to a solution.  If you are incompetent, how can you do this?  There may not be a solution to this problem because there's nobody who can bring to bear a solution to it--- for that person may not exist.

Also littered throughout the piece is the assumption that money will solve our problems.  Could it be that the over-reliance and trust of money has put us into this very situation?  The socialists will cry "redistribution of wealth", and the capitalists will cry "lower tax rates".  Both are relying upon more money to solve the problem.  The socialists believe that more money to the poor will help--- but how does that make more wealth?  The "capitalists" will believe that all that is necessary is to improve the incentives by lowering the tax rates.   But what if the concentration of wealth simply helps only those at the top?  What's the average Joe supposed to do?  Perhaps both are right and both are wrong.  You can make more wealth, but what good does it do if it cannot reach everyone?  On the other hand, if you kill the goose that lays the golden eggs, all you accomplish is to make everyone poor.  Behind all of this, I suspect, is the over reliance upon money in order to solve these kinds of problems.

That brings me back to Dunning-Kruger.  What if everybody is arguing about the wrong things and don't know it?  Is it possible to step outside the box and look for solutions elsewhere as opposed to recycling the same old stuff?


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