Finance & Fury Podcast

In today’s Furious Friday episode, we’re going to talk about one of the most dangerous things threatening our financial freedom – the notion that we are simply just groups of people. It comes back to a lot of economic theory and the use of models based on aggregates. This crosses over with the politics of grouping – ‘The Poor’, ‘The Rich’, for example. Tribalism and group preferences are dangerous – It’s a tool of distraction. The narrative that things aren’t going well because you are oppressed, or unlucky. It breeds hate, encourages divisive tactics in politics. It breeds helplessness – if someone tells you over and over again that you’re a part of a disenfranchised group it becomes a self-fulfilling prophecy The danger comes in the solution which focuses on equal outcomes, and how to optimise society rather than people improving their own situation that make up that society. Not based on equal opportunity. Where you start has little to do with where you end up Individuals forms groups – SO my optimising