On The Startup, Georges Abi-Heila points out that the American dream is dead and that unless you picked the right parents at birth your chances of success in life are pretty much nil — and he's got the data to back up his claims. Looks like luck really plays a factor in success. And it looks like things are just getting worse for the next generation.
Now a lot of us can cope with that if there are good chances of improving our situation. If my household’s finances are better than my parents’, the society I’m living in would have enhanced my well-being.
That’s actually one of the cornerstones of modern capitalism: inequalities are accepted as long as the possibility of betterment exists. We tolerate unfairness as long as there are good chances of improving our condition.
The question is: what are the chances?
|"It is the simplicity of Seinfeld that makes it so appropriate for use in economics courses."|
|Where Has All the Money in the World Gone?|
|The 85 Richest People in the World Have as Much Wealth as the Poorest 3.5 Billion Combined|
|Club of the Wealthy|
|The Value of the Venezuelan Currency Depends All on One Man, in Alabama, Who Works at Home Depot|
|“Without any security company in the world recognizing that it even existed.”|
|“Single use forever launch clock.”|
|“The Amish use us as an experiment.”|
|Japanese Robot Serves Ice Cream From Inside a Vending Machine|
|Fake Name Generator|
|The (Very Scary) People of Public Transit|
|“The company’s ambition, its ruthlessness, and its lack of a moral compass scare me.”|
|“Eliminating the time needed to stop and re-charge a conventional electric car’s battery.”|
|Bird Shit Advertising|
|“Any person, organization or government serious about web security should return to plain-text.”|
|When the Wrong Hastag Can Get You Killed by an Assassination Drone|
|Naked Preacher Lady [NSFW]|