This is very prevalent in Eastern Europe, near east, probably China and India, not sure. Certainly not Japan.
Culture - is what people do when nobody is watching (or they think that nobody is watching) (I am stealing this definition from somewhere else).
So changing from good-enough culture to 'We are closer to perfectionists, culturally' -- is a big change that would take generations.
To be honest -- I am not if there is a 'one thing' that would drive this, may be it is an instinct, something built-in, more prevalently, in specific ethnics groups but not in others? if it is an instinct, then it should be preservable during immigration. Are the Japanese when living for more than on generation in a 'good enough culture' preserving the perfectionist traits ?
would also be good for scientists that report homosexuality in animals, to report if those same animals have healthy heterosexual relationships in their lifetimes.
"US Supreme Court: Immigration to US is still a privilege, not a right. A US citizen has a right to marry a GS-13 gang member, but the right does not extend to giving him a US immigrant visa."
US equities market for retail investors are riddled with sharks taking the retail investors money left-and-right.
From high frequency traders, to the fund managers, to money managers, to Jim Cramer-style filth marketing stock picks.
Hoping that investing in US equity markets as a retail investors, will bring you same benefits as it did for folks in '60s, 80s and 90s -- is being delusional, and lacking critical thinking.
The US institutions that supposedly provide a system of checks and balances, and a form of judicial and executive branch oversight, had long been gone.
We are now in the era of corruption, selective outrage, a system of sabotage/entrapment-of-opposition/spying and executive-level incompetence across most of the institutions that are supposed to provide businesses with a level-playing-fields, and consumers with trust/confidence on those businesses.
The founder of Microsoft, has wealthy connected parents and grandparents.
The founder of Facebook too
The founder of Google grew up in Academic family.
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All of them received financial support, reducing risks loosing living expenses.
Risk of loosing livelyhood, significanly changes how a founder or an enegineer spends their time.
Connecting young people to networks of rich, influencial and generally experienced & smart people -- is a huge deal as well.
It improves their verbal skills, perception management, broadness their knowlege.
All of the above, can probably be easily found in many Stanford, Harvard, MIT graduates...
None of the are 'competitively obtained skills' due to 'hard work'.
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Additionally moral choices that favor lying, fudging facts and intentions -- may also be a characterstics of graduates from those types of schools... This an opinion.
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All of the above contributes to successfull financial outcomes.
None are particularly representative of person's merits compared to others...
a)Members of political elite that get insider trading stock tips.
(illegal of course). The number of folks in usa congress and senate that become
'very lucky' investors after they join the rank, has to be amazing
b)Lucky
c) everybody else -- that looses.
Overtime, I would say last 30 years, the amount of 'influencing' retail investors to trap them into unreasonable actions had gradually increased.
So the percentage of folks going becoming the victims of the charade, will become higher.
Certainly if you concentrate on ( b ) you create the plausible deniability defense for the manipulators
>It's a judiciary dictatorship. They're working to censor Bolsonaro friendly radio stations right now. Ever seen a democracy do that
Selective outrage judiciary system is a hallmark of Tier-3 dictatorship.
That means that government's law enforcement, spy agencies, and other instruments directed at combating criminal activities inside the country or unfriendly regimes -- are now turned to be used against political opposition.
Selective outrage judicial system, obviusly means that justice is not blind.
That, in turn means -- the justice is lost.
Tier 2 dictatorship -- will be legislative changes curbing dissent (in both elections into legislative bodies and the laws themselves around elections, financial instruments, etc).
Tier 1 -- will be constitution changes solidifying the extended rule of one or several individuals for unlimited amount of years.
>You're almost saying capitalism and efficient markets are pointless. Maybe they are, but I think it's nothing like crypto.
People are saying this because, HFT sounds similar to 'crypto mining'.
That's people with best infrastructure, the 'big-guys' -- win.
While leaving out the retail investors as broiler chicken, pumped with 'drugs' (by influencers) to spend more on imaginary assets, so that they can be used for 'food' by these 'big-guys'.
There are different influencers for retail investors vs crypto.
In retail investing there are promises of 'retirement paradise', actual tax deductions, the Jim Cramer-like people (at least what I heard in US)
For crypto investing the influencer are different, the geography is wider.
A promise to participate in markets if you do not live the country that has adopted US/UK-based financial services.
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By the way, I think the markets will still have liquidity if there is a rule to wait, for say, 30 min before a stock that was just recently bought -- can be sold (unless by a clear fat finger mistake)
This rule will cause the HFTs to stop existing in the current form.
Countries that export to US [1] or to EU,
and US itself will have an unreasbly (un-deservedly) high standardard of living.
That will always attract both talent and con-artists to US, Canada etc.
Because for the same amount of effort (or same amount of risk for the con-artists) -- the rewards are much higher.
This will only change if US currency will stop being the reserve currency of the world.
When (or if) US will stop being reserve currency of the world, it will cause a cascading effect that will likely cause a temporary collapse of the socio-economic, judicial, and political pillars of Western economies and Canada, Australia.
Then all these talent acquisition strategies will stop working.
All the policies will turn towards reducing chances of civil wars that will be breaking inside these countries.
Until then, it is hard to blame immigrants for seeking higher standard of living for the same amount of effort.
And governments will not really care what will benefit the locals. Because the political systems in Canada, US, UK are not really representative of the people, they are representative of the lobbyist and powerful interests.
> Groups of people don't have guilt or automatic responsibility, only individuals do.
I think the question here is who is entitled to have the 'revenge' or the reparation or the 'affirmative action'
People who were persecuted or opressed? or their offspring?
For example German government agreed to pay reparation to Jews in (some?) Eastern European countries and Russia, that were alive at the time of WWII and lived on the territories that the Germany attacked.
The reparation from what I know were 2,000 or 4,000 USD one time payment.
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So in that model
a) the person receiving the reparation had to be alive at the time of the crime.
b) had to be on the territory where the crime was committed
c) I do not think the person needed to prove that they were directly affected by the crime
from what I know the reparation was selective.
It did not cover Gypsys, did not cover non-Jews
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I do not know what the right model is.
Can a nation be responsible for the crimes their government has committed?
For how long?
If the answer to the above is 'yes' (that the nation is responsible) -- wouldn't that justify terrorism? wouldn't that justify blood-revenge practice?
But that revenge can go for generations, and at some point will be reversed -- that means, in turn, endless wars.
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May be the correct answer is to limit the action of 'righting the wrongs' to the people who were the victims and alive at the time of the crime ?
But that does not seem to be fair to the victims either
'how would organized criminal deception, selective outrage judiciary system, powered by a federal spy agency operatives actively suppressing information relevant in election -- would look?'
For some, the answer would be: 'yes' it would exactly like we saw in 2020.. the story with the President's son laptop with info suggesting his dad takes a '10% cut' while peddling political influence.
for some, the answer would be 'no', the CIA did not meddle in US election, and there is enough of 'plausible deniability' to support this view...
There are 4 types of 'pressures' a social media platform execs are facing
a) economic
b) legal
c) selective-outrage judicial/law enforcement
d) personal bias (of the execs)
In US, before Musk -- Twitter was succumbing to (c) and (d)
During Musk era, in US -- Twitter is facing (a) (c) (d) . Although it seems that (a) is not that strong/relevant.
In Turkey, today, Twitter is facing ( b ) and ( c ).
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As users and observers we have to realize these pairs (Country + Pressure type union) and make relevant conclusions about the Country and about Twitter execs.
We cannot just remove the 'type' system out of these, and make conclusions.
US is becoming a culture of 'Good enough'
This is very prevalent in Eastern Europe, near east, probably China and India, not sure. Certainly not Japan.
Culture - is what people do when nobody is watching (or they think that nobody is watching) (I am stealing this definition from somewhere else).
So changing from good-enough culture to 'We are closer to perfectionists, culturally' -- is a big change that would take generations.
To be honest -- I am not if there is a 'one thing' that would drive this, may be it is an instinct, something built-in, more prevalently, in specific ethnics groups but not in others? if it is an instinct, then it should be preservable during immigration. Are the Japanese when living for more than on generation in a 'good enough culture' preserving the perfectionist traits ?