[ExI] the formerly rich and their larvae...

BillK pharos at gmail.com
Wed Feb 13 13:40:12 UTC 2008

On Feb 13, 2008 6:33 AM, Lee Corbin wrote:
> Status may be a zero-sum game, but economics *certainly*
> is not---except in those cases where some genius like Lenin
> supposes that he has a better way to organize everything.

But in human society, status trumps economics. That's inbuilt to human nature.


'Why people believe weird things about money'
Evolution accounts for a lot of our strange ideas about finances.
By Michael Shermer         January 13, 2008

Would you rather earn $50,000 a year while other people make $25,000,
or would you rather earn $100,000 a year while other people get
$250,000? Assume for the moment that prices of goods and services will
stay the same.

Surprisingly -- stunningly, in fact -- research shows that the
majority of people select the first option; they would rather make
twice as much as others even if that meant earning half as much as
they could otherwise have. How irrational is that?


'Perception of fairness' and 'status' are far more important drivers
for the majority of humanity than mere money and wealth.


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