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OUR CHILDREN & GRAND-CHILDREN WILL BE RICHER THAN US, BUT THERE IS A PROBLEM …

OUR CHILDREN & GRAND-CHILDREN WILL BE RICHER THAN US, BUT THERE IS A PROBLEM …

Writing in 1830, the British historian Thomas Babington Macaulay said “If we were to prophesy that in the year 1930 a population (in Britain) of 50 million, better fed, clad and lodged than the English of our time, will cover these islands, that Sussex and Huntingdonshire will be wealthier than the wealthiest parts of (England) today … that machines constructed on principles yet undiscovered...

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CAN FRACTAL 80/20 TAP INSANE AMOUNTS OF MONEY?

CAN FRACTAL 80/20 TAP INSANE AMOUNTS OF MONEY?

The science of chaos – in particular the theory of fractal patterns – is one of the most beautiful discoveries of the last 50 years.   So far, business has been rather slow in discovering how to use fractal theory.  But now I think there are indications it could possibly make any company large amounts of money. In my book The 80/20 Principle, I explained that 80/20 is very closely related...

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THE GAME OF LIFE

THE GAME OF LIFE

“Mother nature does not endow us with clear rules.  The game [of life] is not a deck of cards (we do not know how many colors there are).”  Nicholas Nassim Taleb is writing about probability, protesting that much of modern theory about it, especially financial theory of the type loved by Harry Markowitz, Robert Merton, and Myron Scholes, is really pseudo-science, since the real world cannot...

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IS PROGRESS REAL?

IS PROGRESS REAL?

“Since we have admitted no substantial change in man’s nature during historic times, all technological advances will have to be written off as merely new means of achieving old ends – the acquisition of goods, the pursuit of one sex by the other (or by the same), the overcoming of competition, the fighting of wars.”  So wrote Will and Ariel Durant near the start of their essay, the third...

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IS DEMOCRACY SECURE?

IS DEMOCRACY SECURE?

Plato boiled political evolution down to a sequence of monarchy, aristocracy, democracy, and dictatorship.  There are many illustrations of the sequence in history – not least in the French Revolution, and what is happening in Russia today.  At the same time, democracy seems to be under strain in the United States, the United (for the moment) Kingdom, and in South Africa, not to mention the...

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THE LESSONS OF HISTORY ABOUT WEALTH AND THE 80/20 VIEW OF SOCIAL ENGINEERING

THE LESSONS OF HISTORY ABOUT WEALTH AND THE 80/20 VIEW OF SOCIAL ENGINEERING

“Since practical ability differs from person to person, the majority of such abilities, in nearly all societies, is gathered in a minority of men.  The concentration of wealth is a natural result of this concentration of ability, and regularly recurs in history.”   So said Will & Ariel Durant, distilling 5,000 years of history, back in 1968, in a short collection of essays daringly...

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