Showing posts with label economics. Show all posts
Showing posts with label economics. Show all posts

Sunday, June 14, 2020

Celebrating Flag Day 2020


Flag Day 2020 marks our 56th Wedding Anniversary. Vi and I were married on June 14th 1964, so each Flag Day celebration has special meaning for us.

The serious part of this posting is in three parts: 1) Three current crises, 2) Three patriotic songs, and 3) Three positive hopeful predictions.

But first, before we get to the serious part, let's have a look at:

MY FLAG DAY NEEDLEPOINT




44 years ago, in 1976, I designed and made a needlepoint replica of the then-current United States 13c postage stamp (see the graphic below).

My intent was to honor the American Revolution Bicentennial, marking the 200th year of the American Republic, our great experiment in Representative Democracy.

My replica is true to the postage stamp and the original 13-star flag, except for the arrangement of the stars. Instead of a circle of 13 stars, I substituted 13 stars in a "Star of David" arrangement. This is like the 13 stars in the Great Seal of the United States that you have seen on the back of  the US dollar bill.





On the postage stamp shown above, Independence Hall is depicted in front of the flag, That also has meaning to Vi and me because we drove from Brooklyn to Philadelphia on the day I presented our engagement ring to her.

Sunday, April 21, 2019

A Future That Works for Everyone - An optimistic look at a future with unlimited non-human labor

[From John Griffin]
 “A Future That Works for Everyone”



The following is the narrative combined with the graphics for a presentation I (John Griffin) (jagriffin46@gmail.com) gave to The Villages Philosophy Club on April 12, 2019.






I chose today’s topic because, for me, thinking about the future is simply a lot of fun.  And today more exciting things are happening in science and technology than ever before, and I believe those things will change the world in ways that will surprise many people.  I also believe that with the right policy decisions the future can work for all of us.  I will be disappointed if everyone in the room does not leave here today with at least one (and, hopefully, several) interesting ideas that they had not previously considered.



Of course, the future is essentially limitless – involving countless years and countless possibilities.  So, to maintain focus I am going to limit this presentation to the remainder of this century, and mostly to the next 50 years.  Within that time frame I will mainly talk about our future economy, environment, and social structures.  That should be more than enough to fill my allotted time.  Hopefully, I won’t run over too much, but, if you are anything like me, you won’t be bored.  And, of course, those subjects contain enough controversial political and policy issues to support a vigorous discussion.



One subject I don’t plan to dwell on is The Singularity.

The Singularity is that time or event in which machine intelligence has advanced well beyond the human level, and is then capable of creating technologies that may well be beyond human comprehension.  And that is the simple reason I won’t go there.  If the singularity occurs, and it just might (and possibly before the end of this century), then we can only guess at the consequences.



So let’s get started with the first part of any Optimistic Future – The Economy.  Producing all of the things that people need and want is crucial to the well-being of any society, so let’s examine the three fundamental components of a successful economy.

1. Raw Materials

2. The Energy with which to process the Raw Materials

3. The Means to intelligently direct the Energy to the processing of the Raw Materials



Item #3 typically refers to us – the labor force.  We have the intelligence and the manipulators (i.e. our hands) that enable us to bring the Energy and the Raw Materials together for processing.

In other words, Intelligence + Manipulators = Labor.



At this point I will directly state, the one idea that I consider crucial to any discussion of our future economy.  If you leave here today with just one idea, let it be this one.



Well before the end of this century we will be mass-producing skilled labor.



Your first reaction may be: “Wait a minute, how is it that we are going to mass produce people?”  The answer, of course, is that I am referring to intelligent machines – not people.  And by “intelligent machines” I do not mean human-level, self-aware, general-purpose intelligence.  I simply mean machines capable enough to do the specific job assigned to them.  I will often refer to these machines as “robots”, but I don’t want to limit the idea to the common image of machines with two legs and two arms.  They will come in whatever form is best suited to the job at hand.



I believe such intelligent machines are not only possible but inevitable, and I will spend time near the end of this presentation to explain why.  But first I would like you to think about the idea of mass-producing skilled labor and let the consequences sink in.

Consider, for example, the issue of building and maintaining the physical infrastructure in this country – the roads, bridges, power plants, etc.  Everyone agrees that we have done a poor job in this area.  And yet, we just can’t seem to tackle the problem.  Why is that?  Is there a shortage of concrete or steel or copper or any other necessary raw materials or of the energy to process them?  Of course not.  The problem, as usual, comes down to how we will pay for the one thing that always costs the most – labor.  Labor cost is the reason that corporations chase all around the world looking for the cheapest labor - even if the raw materials have to be shipped quite a distance in order reach the labor supply.

Being able to mass-produce skilled labor - whenever and wherever we need it - is a complete game changer.  The resulting economy will make our current economy look like the Stone Age.



But where will that leave those of us who have been the skilled and unskilled labor of the past?  One answer, of course, is that the large majority of us will simply be “unemployed”.

Some will disagree and claim one or more of the following:

1. We needn’t worry since automation has always created more jobs than it destroys.

2. As long as we have problems to solve we will always have jobs.

3. We will always need workers because the more we produce the more people want.

But even if these statements are all true, remember - we will be mass-producing skilled labor.  Creating another job opening may just lead to the employment of another machine.  This means that, to be employed, a human must have skills and value that no machine can offer.  But how have we been doing in our race against the machine?



In 1840, nearly 70% of our work force was involved in the agriculture sector.  Today that sector employs less than 2% and yet it still produces surpluses for export.  Clearly, in agriculture, automation has not produced more jobs that it destroyed.  Many who were no longer needed on the farm moved into the industrial sector.  But, our industrial employment peaked in 1979 at 19.5 million workers.  Think about that.  We hit peak industrial employment 40 years ago!  Today our industrial sector employs less than two thirds of that number.  Some will say that is because we have sent our production overseas and don’t make anything in this country anymore.  You can tell them they are wrong.  Our inflation-adjusted industrial output is over twice that of 1979, and stands today at record levels.  We simply don’t need all the workers we used to employ.  Clearly, in industry, automation has not produced more jobs that it destroyed.  So, if we are no longer needed on the farms or in the factories, where have we found work?  The answer, of course, is that we moved into the services sector which now employs nearly 80% of our workers.  That sector was seen as a refuge from automated machinery because it valued brains over brawn.  But then the cost of computers fell dramatically and many routine service jobs have also been automated.  And, as for total employment, we should not be fooled by the current relatively low unemployment rate.  The more important measure - the labor force participation rate – has been trending down for years.



Economic growth will always depend on creative solutions to problems.  Currently, only humans provide that creativity, and I won’t claim that machines will ever completely replace us.  However, machine capability will continue to increase, and, by the middle of this century, a large, and increasing, majority of us will have no effective role in economic production.  Even if we offered to help out for free, we would just be in the way.

If you are still not convinced by these statements, I invite you to watch a very persuasive TED Talk titled “3 Myths About the Future of Work (and Why They’re Not True). ( https://www.youtube.com/watch?v=2j00U6lUC-c )



So, if we are destined not to be involved in economic production we are left with two questions:

1. What will we do for money?, and

2. What will we do with our time?

The answer to the first question is simple.  We will do what any child of rich parents would do.  We will live off our parent’s money.

But how many people have rich parents?  The answer to that question is also simple, “We all do.”  We are all children of the society that has been built by our parents and grandparents, etc. - going back thousands of years.  And that society is rich!



2018 US GDP = 20.513 Trillion Dollars1

2018 US GDP per capita = $62,518


        (20% of $62,518 = $12,504)

2018 US Poverty Threshold for Individuals  = $12,1402

1. Source: IMF

2. Source: US HHS Dept



In fact, if the output of the US economy in 2018 were evenly distributed, each man, woman and child in this country would have received over $62,000.  Think about that!  If we evenly distributed just 20% of that amount, we would put everyone over the official poverty level for individuals in that year.  We would officially wipe out poverty overnight.  And remember, our future economy will be much larger, so there will be far more than that to distribute.



Of course, you can imagine the reaction.  Business owners will say that distributing our GDP in that way is Socialism.  My simple response to that is, “You are mistaken”.

In a Socialist system the people would claim ownership of your company.  We don’t want your company.  You can own it and operate it in any lawful way you wish.  We only require that you recognize that your shiny new company - one that no longer needs our labor, by the way – was built on our mountain, and you need to pay rent.






As you can see, our mountain consists of society’s accumulated physical and educational and legal infrastructure as well as the accumulated knowledge and technology that makes a highly automated economy possible in the first place.  It even includes our military.  After all, it is difficult to run a company if foreign troops are marching up and down Main Street.  If not for that mountain, any company today would be much less prosperous or even non-existent, so it is not unreasonable to ask for rent.

How much rent should we charge?  Society, in its turn, must recognize that a healthy economy depends on the innovation and exceptional effort of a relatively small percentage of our population.  Those innovators will not build on our mountain if we charge too much rent.  Failure to recognize this simple truth is the primary reason socialist economies fail.  Fortunately, our future economy will be big enough for everyone to get what they need, and for most innovators to get enough to motivate them.

Some of you who remember my presentation on Universal Basic Income will have guessed where I am going with these so-called “rent” payments.  Yes, a portion of those rent payments will be distributed as a Universal Basic Income (UBI) to all adult citizens regardless of income or employment status.  The rest will go to building and maintaining our infrastructure mountain.



Some like to call the UBI “free money for everyone”.  I disagree.  It is not free money.  We and our predecessors have already earned it!  Perhaps we should change the initials UBI to UBD (for Universal Basic Dividend) to emphasize that it is payment for society’s previous investments in infrastructure.  There is an excellent TED Talk on this subject titled “How we'll earn money in a future without jobs”, by Martin Ford, the author of the book “Rise of the Robots”.



We come now to the second question:  What will we do with our time?

For all of human history we have had to work to survive, and we have made a virtue of that necessity.  What we did for a living has defined our position in society.  And many of us base our self esteem and our value to society on what we do to make a living.  With a UBI we will, after all of these thousands of years, at last have the freedom to step off that treadmill, and I, for one, say, “It’s about time!”

So what will we do in this brave new world?  If you have a job that you love, and it is still available to you, then just continue what you are doing and the UBI will supplement your income.  If you have a passion that you could not previously indulge, you are now free to follow your heart.  If you have a family or want to start one, you now are free to spend as much time with them as you wish.  If parents are at home with their children, then gang membership and juvenile misbehavior should decline significantly.  With each adult receiving a UBI, there should be an increased feeling of belonging to a larger community.  Crimes due to a feeling of alienation or economic despair should be noticeably reduced.  In addition, an individual will no longer need to enter into an undesirable relationship simply because they need the financial support of another person.  The UBI will provide the freedom to choose the people with whom we associate.

Maybe what you want to do is travel the world, or play golf seven days a week, or ride every rollercoaster in the country.  Whatever your choice - knock yourself out!  Or simply consider the example of The Villages.  With over 3000 clubs, 600 holes of golf and nightly entertainment, if you are bored you just aren’t trying very hard.



In today’s world we can’t imagine everyone being rich.  After all, someone has to do the actual work.  We can’t all just expect to be waited on.  But with unlimited non-human labor, exactly that situation is possible.  For the first time in human history we can live a life free from drudgery without having to rely on the labor of others less fortunate than ourselves.



Now, before I explain why I believe it will be possible to mass produce skilled labor, I would like to spend a little more time describing specific ways that that unlimited labor will change our future.



The Future of Agriculture

I consider this subject to be one of the most fun to speculate on because there is so much room for improvement.  Imagine a future in which all but the most land-intensive crops are grown indoors.  And, by indoors, I don’t mean in one story greenhouses with the sun shining through a glass roof.






Instead, imagine a high rise building at least one acre in size at its base and several hundred feet tall.  Inside are plants growing in trays that are stacked vertically so that a building one acre at its base will house hundreds of acres of plants.  They are receiving all the nutrients they need and nothing more.  No pesticides or herbicides are needed since all plants are inside and not exposed to pests, weeds, fungus, or any other contaminants.  Gone are e-coli contaminations from nearby animal farms.  Gone are exposures to heavy metals found in natural soils.  Gone is exposure to dust and dirt blowing in from heaven knows where.  And, if any contamination should occur, for any reason, the contaminated area can be easily identified and sterilized.  In summary - agriculture as pure as it can be.

No longer will farmers need to worry about poor (or changing) climates, bad weather, water shortages, limited growing season or contamination.  Every crop should be a success.

Each tray of plants will be illuminated by LED lights that emit just the colors needed for optimal growth.






Using only the needed colors will save on energy and heat removal costs.  In fact, current indoor farms are often referred to as “pinkhouses” rather than “greenhouses” because they use a combination of red and blue LED lights.  No water will be lost to evaporation since humidity will be recycled.  The only water leaving the building will be in the harvested crops.  Water usage will, therefore, we reduced by over 90% compared to outdoor farming.  Fertilizer-contaminated outdoor runoff and all of its consequences, such as red tide and algae blooms will be a thing of the past.

Of course, the care of indoor crops will be very labor intensive.  But remember, we will have unlimited skilled labor.  Imagine tiny machines giving round-the-clock attention to every plant.  In fact, the absence of human workers means that more space can be devoted to plants.  And since plants thrive on carbon dioxide, more of it can be added to the indoor atmosphere without concern for whether humans can tolerate it.  With conditions optimized for each plant variety, we can expect many more crops per year, and the output per acre will be unprecedented.

Indoor agriculture also means that crops can be grown in the city where 70% of the people are expected to live by the year 2050.  This will substantially lower shipping costs, and means that crops can be harvested at peak ripeness rather than harvesting early and hoping the crop is ripe when it reaches the consumer.   This will give new meaning to the phrase “fresh to your table”.



In addition to Agriculture I will briefly touch on these other aspects of our future.



The Environment

I just mentioned the advantages of indoor agriculture, but as our economy grows so will the amount of trash it produces.  How will we keep from being buried by that trash?  Imagine large recycling complexes near every population center.  In each complex there will be thousands of machines capable of sorting your trash into any number of categories, even down to pieces the size of a dime.  Such machines will be capable of disassembling manufactured items so the parts can be further sorted.  The recovered material will be processed for reuse or for environmentally safe disposal.  Today such sorting and processing is not feasible due to the cost of labor.  But remember, well before the end of this century we will be mass-producing skilled labor.



Energy Production

Of course, a larger economy will require more energy.  We all hope that renewable sources will continue to fall in price and eventually provide a meaningful percentage of our energy needs.  However, even in a world with unlimited skilled labor, there is no guarantee that will happen.  If it does not, then I would like to mention one of my favorite carbon-free alternatives – nuclear power.  If, by the end of this century, we are finally able to build practical fusion reactors, then the problem of power and safety is solved.  However, if that does not happen, then I believe our best hope lies in new designs for conventional nuclear power plants.  The reason those plants have not been emphasized in recent years is due to two factors: Safety and Cost.  And adding safety measures is one of the primary reasons for cost increases.  But remember, in a world of unlimited skilled labor, the cost equation will be completely different.



Surveillance Technology

The same technology that makes intelligent machines possible will also make it possible to know where everyone of us is at all times.  Such surveillance can be valuable in preventing and solving crimes, and in providing assistance to those in need.  However, that same technology can bring about George Orwell’s “1984”.  Stories are already coming out of China about how surveillance is restricting the rights of individual citizens.  We must, therefore, be very aware that our right to go where we wish and meet with whom we wish is protected by law, not by our ability to sneak around in the shadows to avoid detection.  At some point there will simply be no more shadows to conceal us.  Therefore, we must very jealously guard our legal protections to maintain our rights and freedoms.



The Services Sector

Yes, the services sector – where do we even begin?  Imagine a trip to your favorite restaurant.  You call for a self-driving vehicle which picks you up at home and drops you off in front of the restaurant and then disappears to serve its next customer.  You won’t see it again since a different vehicle will take you home – and, of course, no parking problems.  In fact, parking lots no longer exist.  You order a steak dinner which is prepared exactly as you like it since your preferences are already known to the computer in charge of the kitchen.  The robot preparing your steak monitors its preparation many times per second so that it appears on your plate at exactly the right moment and simultaneously with all of your side items.  The same is true for the food for everyone in your party.  One or more mobile machines then emerge from the kitchen to serve all of you at the same time.  Exotic and labor intensive food items and desserts are no problem since the kitchen has a pantry full of spare machines that will spring to action depending on demand.

Or imagine your home needs maintenance or remodeling.  Just instruct one or more of your household robots to download the latest plumber, electrician or carpenter software and get to work.



Speculating on the kind of society that we can create with unlimited skilled labor can be a lot of fun, and we have only scratched the surface, but time is limited and I did promise to at least attempt to answer a fundamental question.

Will we really be able to mass-produce skilled labor?
  

Once again Labor = Intelligence + Manipulators.  How are we doing on developing the manipulators?  Here is a video from 4 years ago showing some of the entrants in a DARPA competition that was held to encourage progress in robotics.


As you can see there was considerable work remaining to be done.  Here is a video clip from just three years later.  (specifically, 2m 37s to 3m 10s)


And another video clip from October of last year.  (specifically, 1m 45s to 2m 09s)


As you can see, significant progress has been made in the ability to control robots on the mechanical level.



But the improvements in machine intelligence are even more impressive.






This picture shows an attempt in the 1960s to program a computer to play chess.  Optimism was high, and many believed that within ten years we would have computers as smart as humans.  It would just be a matter of writing some code.  I was in college at that time and was fascinated by computers so I decided to major in Computer Science and be a part of that effort.  Well, it didn’t quite work out according to plan.  A lot of code was written, but the result was nowhere close to human intelligence.  Other researchers tried to emulate what we knew of the human brain by building networks of artificial neurons.  But there, too, the results were disappointing.  It turned out that creating a smart machine was much more difficult than we realized.  The entire field of Artificial Intelligence (aka AI) fell on hard times – a period that has come to be known as the AI Winter.  As for me, I never did find work in AI and spent my career doing other work in the computer industry.


Geoffrey Hinton


And then in 2006 Professor Geoffrey Hinton of the University of Toronto, one of the few remaining neural network researchers, wrote two papers that would serve as the basis for Deep Learning Neural Networks or what is now simply called Deep Learning.  A fascinating account of his perseverance can be found in this newspaper article

( https://www.thestar.com/news/world/2015/04/17/how-a-toronto-professors-research-revolutionized-artificial-intelligence.html ) from the Toronto Star.  And it was announced recently that Professor Hinton and two long-time associates have won this year’s Turing Award for their work in Deep Learning. 

Because of Deep Learning, conventional speech and photo recognition systems that had been tweaked and improved for decades were swept aside essentially overnight.  Deep Learning is responsible for the performance of the Siri and Alexa devices that some of you have at home, and for recent advances in self-driving vehicles.

These developments were noticed by a young British genius named Demis Hassabis, who would co-found a company called DeepMind that would be acquired by Google in 2014.


 Demis Hassabis




DeepMind would explode into the news when they trained a computer to play the game of Go.





Notice, I say they “trained” the computer rather than “programmed” it.  Go is an ancient Chinese game that many consider to be vastly more complicated than chess.  That complexity has foiled efforts to program a computer to play Go.  When programmers would ask Go players how they chose their moves the typical response was that, after many years of play, they had just developed a feel for where to make their next move.  The programmers’ response was, “That’s no help.  How in the world are we going to program a feel for the game?”  But it turns out that that is exactly what results when a Deep Learning system is trained.  It simply develops a “feel” for the training data.  In the case of DeepMind’s Go playing system called AlphaGo, the training data was thousands of games previously played by humans.  The result, as you may have heard, was that in early 2016,  AlphaGo beat the world’s highest rated Go player, in a 5-game match by the score of 4 to 1.





Here is a picture of Lee Sedol winning that one game against AlphaGo.  But the DeepMind team didn’t stop there.  They wondered what would happen if they trained a system that started as a complete beginner - knowing nothing but the rules, and only training by playing against itself - with no access to human games.  The result was a system they called AlphaGo Zero which then played a 100 game match against the system (AlphaGo) that beat Lee Sedol and won by a score of 100 to nothing.  The lesson from that match was that training on games previously played by humans was actually a disadvantage.  AlphaGo Zero trained only by playing against itself and thereby avoided learning the misconceptions and errors that have apparently been present in human games for centuries.



Now, please bear with me just a bit longer as I can’t resist one more example.  Some DeepMind researchers wondered what would happen if they applied their technology to the game of chess.  Once again, they gave their system nothing but the rules, and set it to learning by playing itself.  Now, today’s best conventional chess-playing computer, named Stockfish,





is so good that the current human world champion, Magnus Carlsen






has less than a 2% chance of beating it in any given game.  But after just 9 hours of training, DeepMind’s system had progressed from complete novice to decisively beating Stockfish in a 100-game match.  And the DeepMind system was looking at hundreds of times fewer game positions than Stockfish.  It managed to win because it had developed a superior feel for the positions it did evaluate.  So, if you should ever wonder how it might feel when the Singularity arrives, consider how conventional chess programmers felt when 60 years of their cumulative effort were made obsolete in just 9 hours.



I could go on with many more examples, but I will just say that such results have captured the attention of essentially all leading tech companies, and long suffering AI researchers are being sought after and paid like rock stars.  The results that I have described, and others, are why I believe that skilled non-human labor will be common well before the end of this century.



I, for one, am looking forward to that future.

END OF NARRATIVE



If you desire additional information, I invite you to check out some of the sources on this list:



The Robot Revolution: The New Age of Manufacturing




The Robot Revolution: Automation Comes into Fashion




Denver Recycling Center Testing Robotic Sorter




This Farm of the Future Uses No Soil and 95% Less Water




Geoffrey Hinton: The Godfather of Deep Learning




This Canadian Genius Created Modern AI (Geoffrey Hinton)

(a video describing how modern neural networks came to be)



Thursday, July 2, 2015

A Faith Restoring Event (a father, his son and his wife)

[From Bill Lifka (who I believe is a Cubs fan :^)] America is about to celebrate its 239th birthday. Sometimes I doubt it will reach 250 without collapsing for financial/economic reasons or the American Civil War II. When I get to thinking that way, something happens that restores my faith in Americans. It’s American people who will determine America’s future, so the faith restoring event always involves people. It doesn’t take a lot of good people to boost my morale since, as the song goes, “Give me ten stout-hearted men and I’ll soon give you ten thousand more.” 

This time it took three: a father, his son and his wife. Strangely enough, the event occurred in Illinois, the only State most likely to precede California into bankruptcy because a majority of its citizens have refused to admit what’s wrong. Adding to the unlikely setting, the event occurred in Chicago where the murder rate of young Black men exceeds that experienced in the Gulf Wars for the American military because a majority of citizens have refused to admit what’s wrong. 

It happened in Wrigley Field: the site of so many failures by the Chicago Cubs baseball team. Two days after Father’s Day, Keith Hartley took his son to a night game between the Cubs and the Dodgers. That isn’t unusual except the son Isaac is seven months old and wife, Kari, tagged along for boy’s night out. 

So there they are sitting a few rows back in the first base box seats and Isaac (I’m betting his nickname will be Zack.) is eating like the rest of the fans, except his is a bottle of milk capped with a nipple. The Cub’s batter fouls one off in their direction. The fans in the first two rows lean away and try to ward off the incoming ball. 

Not Keith and Zack. 

Keith moves to the wall and neatly snags the ball in his bare right hand as the Dodger first baseman lunges futilely over the rolled infield tarp. Meanwhile, Zack is neatly tucked into his Dad’s left arm, his eyes on the ball, his bottle firmly clutched in his hands and mouth. 

Others may complain about risks but I applaud Keith’s instincts. He’d be one of my choices for the first ten stout-hearted men. Twenty years from now, Zack would make the first ten, properly taught by his father how to act like an American. The first lesson was in taking him to Wrigley Field before he was old enough to know the Cub’s historic record. Sure, they fall short of the mark most of the time, but they hang in there swinging and running and occasionally hitting the ball and often catching it. 

It’s the perseverance that’s deserving of emulation by all Americans, not to mention keeping one’s eyes on the ball, which Zack seems to have mastered at an early age. 

Then there’s Kari. She remarked, “I was a little bit nervous………. he held on tight to both the ball and Isaac, so we were OK.” There’s no reason why Kari couldn’t have been the one to catch the ball but I doubt she harbors any resentments it was Keith who did the job. Kari is one of those All-American wives and mothers who accept and encourage maleness in their men. 

How does this apply to all the nonsense in Executive Branch, Congress, Supreme Court and our international policies? America is going wrong because its leaders are like the guys in the first rows at Wrigley Field. They shy away from the ball for fear they might miss it and people would blame them. It might hit them on the head and knock them out of the game. They might catch it and not know what to do with it. With all the Republican candidates is there one who is a Keith Hartley act-alike? Forget the Democratic Party. Forget those Republicans who are demagogues. 

Bill Lifka

Thursday, October 25, 2012

Uncle Sam's Illness

"Dr. Mitt", Uncle Sam, and "Dr. Barry"
A Responsible Approach vs Hopey Changey Happy Pills

[from billlifka[ I have a deceased uncle (let’s call him Sam) who was a heavy smoker. He was feeling poorly and a doctor diagnosed his condition as an advanced case of lung cancer. Sam didn’t want to hear that so he went to several other doctors who delivered the same verdict, along with the prognosis of an early, painful death.
 
One of these, Doctor Mitt, was quite experienced in the field and had cured many cancer patients before. He promised Sam that he could be cured if he were willing to undergo treatment that would be very uncomfortable for a time but would return him to robust health as he had enjoyed before he became addicted to smoking. The treatment would require that Sam cease smoking immediately and submit to chemotherapy and radiation. His hair would fall out, temporarily, he’d be extremely nauseous most of the time and he’d lose much weight. On the other hand, Dr. Mitt would prescribe modest doses of pain killers and a special diet of food and food supplements that would build up Sam’s total body to offset much of the damage to the localized cancer area.
 
Sam considered this advice but sought an easier solution. 

In all professions, there are practitioners who tell their clients what they want to hear. Usually, they are successful in their practices since most humans want to hear what they want to hear. And so it was that Sam was able to find other doctors who told him just the opposite of what Dr. Mitt and others of his persuasion had told him.
 
Principal among these was Dr. Barry who was a glib, handsome devil who was very popular with his patients, especially the ladies. Dr. Barry said all that discomfiture was unnecessary and, most likely, was bad; even a little bit of suffering caused patients to lose hope and hope was known to be the best medicine for any kind of ailment. Giving up smoking, according to Dr. Barry, was also bad; resultant unhappiness was another cause of the loss of hope. He prescribed stronger pain killers that produced a euphoric feeling in Sam for several months. 

After a few months, the stronger pain killers and the continued smoking didn’t make Sam any better. In fact, his condition steadily worsened and he spent an extremely painful eight months until his early death. To the end he recommended Dr. Barry to friends and associates as a doctor who cared deeply for his patients. 

This is a true story but I’ve changed the names of my uncle and the doctors to protect the guilty and the innocent. You might have noticed the similarity between my real uncle’s story and the on-going story of our Uncle Sam. My uncle’s immediate family members were enablers to him in his choice of a comfortable short term over a successful long term cure. Currently, Americans have the opportunity to enable their Uncle Sam to continue in his rotten habits that feel good in the very short term but will lead to his painful death in the slightly longer term. They have an alternate opportunity to restore him to full health and a long life. Which will it be? 

This analogy may offend some but it’s dead on. Just because one is a lemming doesn’t mean that one must follow one’s leader over a cliff. Many lemmings are credits to their species and have the intelligence to know a cliff is ahead and it’s time to ease themselves to the sides of their pack and not get swept over in the crowd. It will allow their species to survive, which should be high on their list of instincts. Their next step should be to select a leader with more common sense.
 
billlifka                                  

Thursday, June 2, 2011

The Second Warning. Preventing Economic Armageddon

[From Doug McDonald - The proprietor of this Blog does not necessarily agree with the opinions expressed in this Topic]

I don't know how many of you are aware of the great triumvirate [Rubin, Greenspan, and Summers, left to right, pictured here] steamrolling over Brooksley Born to keep her from regulating derivatives back in the late 1990's. Ms. Born, at the time, was the head of the "Commodity Futures Trading Commission" (CFTC). She was a lawyer who had worked with derivatives for 20 years and knew how dangerous they were in the hands of greedy Wall Street risk managers with no oversight. These three self ordained members of the economic intelligentcia, all of whom are still running around free amazingly enough, along with another know-it-all, Senator Phil (nation of whiners) Gramm of Texas, convinced Pres. Clinton to sign the bill removing the regulation of derivatives from the CFTC. Born had no recourse but to resign. The rest is history and Summers is now teaching his ideas to young impressionable lawyer/politician types at Harvard. God bless America!

Try to control your temper as you watch this PBS FRONTLINE documentary aptly named “The Warning”.

http://video.pbs.org/video/1302794657/

Well the great triumvirate is gone but now there are others who are trying to do it again to another brilliant and knowledgeable women, Elizabeth Warren [photo to left]. Please look into this and convince yourself as I have that we need to rein in the greedy narcissists on Wall Street and their buddies in congress.

We can't think Republican or Democrat here. There is too much money flying around to both parties. Google "Elizabeth Warren" and please do a little homework and look into the background of Elizabeth Warren, the “Congressional Oversight Panel” and the "Consumer Financial Protection Bureau (CFPB)". If you come up with a reason not to have Warren as head of the CFPB please let the rest of know what it is.

Here is a dialogue between David Gregory and Mitch McConnell on “Meet the Press” Sunday May 29, 2011.

David Gregory: Elizabeth Warren, would you back her or would you join Republicans to block her nomination?

McConnell: Well we’re pretty unenthusiastic about the possibility of Elizabeth Warren … uh … we’re pretty unenthusiastic frankly about this new agency and we’ve sent a letter to the President saying some changes need to be made in the CFPB, the Consumer Financial Protection Board, because as it’s currently constituted it answers to no one and I think could be a serious threat to our financial system.

Here are a couple of links illustrating her knowledge and brilliance. Even the pundits are overwhelmed.

http://www.youtube.com/watch?v=6Zt5wP9ZZ7M&feature=player_embedded

She is obviously so much more knowledgeable than the other people on the panel. This nation needs Elizabeth Warren.

http://www.youtube.com/watch?v=sFQqs2pzNfs&feature=player_embedded

Listen to her put these two pundits in their place and talk their language about how ridiculous the current regulating agencies are.

Here’s an indication that she won’t be pushed around but she needs help. She has to become known to everyone in the U.S. The electorate has to understand how brilliant and knowledgeable she is. She could be the savior of this country’s economy if given the power to EFFICIENTLY and CONSTRUCTIVELY regulate Wall Street as only she can.

http://www.youtube.com/watch?v=RET2Z5AVJ8A&feature=player_embedded

Here are some things you can do thanks to the Coffee Party Annabel and Eric <annabel2.0@coffeepartyusa.com>:

1) Write to President Obama, and demand that he not be bullied. He must nominate Elizabeth Warren to the Consumer Financial Protection Bureau. He knows that she is the most qualified for the job. In two days, we have already sent over 1,000 letters.

2) Write to Congress, and let them know that we want strong consumer protection. An independent agency with Elizabeth Warren as the director can be the start of a firewall protecting us from abusive banking practices that led to the financial crisis of 2008. In two weeks, we've already sent 14,000 letters.

3) Join the thousands of Americans who have commented on Patrick McHenry's Facebook page to let him know how we feel about bullying and corruption.

4 Join the Coffee Party Elizabeth Warren Facebook page, or, volunteer for this initiative

I have two issues that I intend to spend the rest of my life promoting:

1. Political Transparency

2. Electorate Education

I believe that the solution to these two issues, by definition, solves all the other problems in our government.

I may need some help.