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7/22/2008 12:03 AM


Radical Centrist

Radical Centrist

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ok, that's all fine and good doc, but what's your point?

I'd still rather have financial security than not have it? Common sense tells me that much. I'd rather have that comfort level than leave certain things out on a whim, that might cause me great stresses because my bank accounts are a bit slim.
7/22/2008 9:49 AM


Grognard fantôme

Grognard fantôme

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Relative deprivation is my point.

For millions of years, we were "happy" without sidewalks, concrete, writing, currency, rank, ascriptive status, markets, etc.

If we really want to answer the question as to whether investing in a house is a good strategy for an average Joe, I maintain we must place average Joe not just in immediate socio-economic or cultural context, and not even just in recent historical context, but in natural historical context.

It is only be stepping back from the blinders of Civilization that we can see just how uncivilized we really are, and how much we suffer unnecessarily as a result of it.

7/22/2008 1:26 PM


Radical Centrist

Radical Centrist

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and not even just in recent historical context, but in natural historical context.

But joe doesn't live in that context, he lives in this one...You are what you eat, and you are a product of your environment. What do you think would happen if you transported cro-magnon man into the 21st certury? You have to account for that...

7/22/2008 3:33 PM


Elite Pathogen

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You scientists may have more in-site than I so please share but, has the modern Homo Sapien been around for millions of years?  I thought we didn't arrive onto the scene until 250K years ago.  That's a long time but wasn't there something that singled our our "race" of Homo Sapiens, the one's with stout minds and creative thinking, about 50K years ago?  Since then, how long have humans lived in villages for security?  What's good for the Erectus isn't necessarily what's good for the Sapien is it?  Could it be that we moved from hunter gatherers to more complex communal units because something in us desired more security than our previous "versions" did.  As populations increased as conditions improved and technological breakthroughs came about, these communities grew eventually into what we have today.  Could this security instinct combined with many other instincts of this great ape have led to investing?  Happiness is not the only need or motivation of human beings.  While it may facilitate happiness if done correctly, happiness is not the primary purpose behind investing. 
7/22/2008 5:36 PM


Grognard fantôme

Grognard fantôme

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Locus Coeruleus (7/22/2008)
and not even just in recent historical context, but in natural historical context.

But joe doesn't live in that context, he lives in this one...You are what you eat, and you are a product of your environment. What do you think would happen if you transported cro-magnon man into the 21st certury? You have to account for that...

Hypothetically, the evolved psychological mechanisms inside Joe, and making him "tick" emerged during that natural historical context. Some good examples that are pretty well substantiated empirically:

The Westermarck Effect; the Sex-Bias in Jealousy Effect; sex-differences in spatial ability and hand-eye coordination; discounting future costs in the face of present short-term benefits; phobias (not too many AIDs phobias, but people still phobic of spiders and snakes even when they live in Manhattan); inability to account for actual risks of a low-probability event that has catastrophic effects (e.g., the effects of infrequent flooding on flood plains, or beaches). We think we totally blank slates but we not.

7/23/2008 3:47 AM
lame duck

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1. Why a laundrymat is a disapearing business model?
7/23/2008 7:06 AM


Udderly ridiculous

Udderly ridiculous

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Because its not very cheap and isn't very convenient.

Most people can afford their own machines for laundry in the comfort of their own home. Why spend a lot elsewhere where you can spend a lot (maybe equally or lesser in the long run) for something more convenient?
7/23/2008 7:11 AM
lame duck

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Man wasnt that easy. NC you got the reason right, it being that washing machines being affordable. But why them washing machines have gotten so affordable?
7/23/2008 9:26 AM


Grognard fantôme

Grognard fantôme

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-M- (7/23/2008)
Man wasnt that easy. NC you got the reason right, it being that washing machines being affordable. But why them washing machines have gotten so affordable?

(a) Plenty of cheap (one could argue "slave") labor in plenty of the lower-income countries? (b) Incredibly modern global logistics and transport? (c) robotics, computers and other factors that have made building components in sub-factories, then shipping them to assembly factories much cheaper; (d) more streamlined retail chains = the elimination of the Mom & Pop style retailer by the hyper-specialized, high-volume, low margin mega-mart style retailers. In sum: Globalization & Neo-liberalism *Ackgh! Pphtooie!* [can't believe that word actually came out of my Broca's area . . .]

And all this despite the increase in commodity (silicon, copper, zinc, etc.) prices over the past few years.

ADDIT: the unforeseeable downside of the extinction of the laundromat? Even further dwindling of fertility, increasing in suicide/alcoholism/general Durkheimian "anomie"  . . . Why? I met my wife in a laundromat!

7/23/2008 9:58 AM