Mario, thanks for your reply to my article.
Yes, I’ve heard of those things you list in your first article. That seems to set up a premise for your reply.
While it is true that an average person can become a capitalist or investor, you are right that it would be a good idea to teach more people about how business and the economy works. The problem, as Robert Kyosaki pointed out in his book, Rich Dad, Poor Dad, is that rich kids go to business school to learn how to run a business. Poor kids go to schools where they learn to be employees. It’s an intentional divide set up to ensure that one economic class, the top 1%, has an institutional, financial and biological advantage over all others.
Your remaining paragraphs all seem to reinforce the previous paragraphs and they concern skills that people should learn in order to attain financial security.
You also make the point that intelligence is not the only factor in success. You suggest that people should be motivated by profits. Trump and his administration seem to be almost entirely motivated by profits. They seem to be followers of Gordon Gecko, “greed is good”.
But any casual observer of the current state of the American economy will tell you that our economy is a mess made by people who have been very focused on profits. This attitude is reflected by American business, almost completely throughout.
As to motivation, most people are not motivated by profits. They are motivated by other people. They are motivated to do well. Note also that there are plenty of people who have found ways to prosper while helping people. The problems tend to arise when some people lack the capacity to respond to the demands of the environment. The contrast in attitudes with regard to people who lack the capacity to respond to the demands of the current recession is apparent.
For the last 40 years, the people at the top have insisted on punishing those at the bottom for “not getting it”, with stagnating wages, high costs of living, and debt burdens. This pandemic has only now made most people aware that they’ve had enough.
And in case you haven’t noticed, China is not as communist as they used to be. Jack Ma is a billionaire living in China. Even Larry Lessig will tell you that the Chinese have adopted Tweedism as a form of governance in their country. They learned that from us. Boss Tweed was a capitalist.
While I appreciate your optimism, I fear that it’s misplaced. I think that we will find peace when people are raised to promote collaboration and cooperation rather than reward (profits) and punishment (poverty). To get an idea of what I mean, watch this video: