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Is "greed" necessary for economic growth and prosperity?

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I have long believed in equality and fairness - so any policies that  hint of discrimination and protection of privilege raises my hackles. What muddies the waters for me -in discussions about the subject - is that I often hear arguments spouting the benefits of capitalism - "survival of the fittest , handouts promote laziness " blah blah - from the mouths of people born into privileged classes and inherited wealth. The messengers  are polluting the message for me.  On the other hand -as an engineer - facts do matter to me. The  collapse of the wellbeing of peoples under "socialism" in various countries like Cuba, Venezuela , the old Soviet Union is undeniable. This has got me  re-examining the underlying assumptions and drivers of economic well being. It has raised the following questions in my mind: Does "equality of opportunity" really drive economic growth and prosperity? If not - then are the policies proposed by the Democrats and egalit

Why diagramming helps you think better

I was reading a book called 'Thinking - the latest research findings on how we really think, learn and make decisions'. The latest research provides interesting clues to why diagramming and idea / concept mapping helps you think better. Why it is better at helping you clarify your thoughts and grasping issues and concepts more quickly. Here are some important research nuggets I found in the book that are relevant to diagrams for thinking: 1. The brain likes to 'Chunk' things. It needs to break things up and group them in digestible pieces. That is why our eyes glaze over when presented with long blocks of text in a paragraph or lists that are longer than 5 -7 items long. Tree or concept-map layouts help you do that. Tree nodes provide 'grouping' hooks. So does highlighting and annotation. It is also the reason newspaper use columns. 2. The brain likes to connect and chain the 'chunks'. The brain seems to be very good at recognizing and remembe

Good and Evil -- two sides of the same coin?

Just finished reading the Shiva Trilogy by Manish - a publishing sensation in India over the last 3 years. Another highly recommended read. Perhaps a tad difficult for people who are not familiar with hindu names - to follow the different characters. What I found fascinating about the book  was how the author interweaves  philosophical discussions that are at the heart of hindu mythology and religion into the narrative. In particular the discussions about the nature of good and evil. Can all evil be banished ? And does  'good' itself generate 'evil' as a by-product? We now know that  everything considered "progress"  has "side-effects" - antibiotics , nuclear-energy, industrialization, dams , automation , fertilizers - you name it . (And to think this was in the Vedas - a few thousand years BC!) Continuing in the same vein(ie  there is never a "pure good" without "evil" by-products) -  one has to wonder if the following t

On Decision Making and Problem Solving in a Crisis.

Recently finished a fascinating book on the murder of our 20th President - James Garfield and how it was not the assassins bullet that actually killed him - but the mistakes (preventable) in his medical treatment by the "reputed" doctors at the time. It is a fascinating tale and I would highly recommend the book: Destiny of the Republic by Candice Millard. A tale of madness, medicine and the murder of the president. There are a number of patterns in this tale : Vanity of key decision makers, Insanity and Delusions of the assassin ( A depressingly  recurring pattern in US history of the killing or attempted killing of presidents) , fear and distrust of new technology and methods - when faced with a crisis. The last pattern is the one I am interested in - as it is a common one occurring in management and decision making. The question is : How best to avoid the types of mistakes that the doctors made- that  turned out to be ultimately fatal to the president. I essence t

Splendor amid Squalor

Just came back from a trip to India. Visited Jaipur and Agra. Saw the Taj Mahal for the first time- and it is a gorgeous piece of work. Should be on everyone's bucket list. An example of beautiful things men are capable of creating - and that too on a grand scale. When you visit the Qutb Minar - you also see excellence and superb attention to detail in construction. And yet - these places are surrounded by squalor. It is as if  the people (and municipalities) are blind to the beauty amidst them. In Jaipur - the pink city - with its superb examples of architectural beauty .. one would think the local developers (and populace) would be inspired and would start a design renaissance .but no!  A plethora of  truly ugly buildings abound. More ugly buildings being built all the time. And these are people with money - who could afford better looking designs. You see structures with totally non functional, unfinished beams  jutting out like broken bones disfiguring a body. One almost won

Specialists and Generalists

Which is more useful- Being a specialist or a generalist? Which is more satisfying personally ? This question came up when a friend was pondering on what to focus on next in terms of career choices.  This issue often comes up for middle managers(generally highly paid) - who are suddenly faced with an interruption in assignments. Self doubt creeps in when they realize that they do not seem to have a personal area of expertise. That all they seem to do is prepare and review office documents - and spend time in meetings and conference calls.  They know that being a 'techie' does not pay , and yet meetings and documents do not seem to be particularly valuable contributions to the betterment of mankind. Better paid cog in the machine!  So in deciding what to do next - ie specialize or remain a generalist- and to derive more satisfaction from your work- you need to visualize your purpose and role in the network - to better understand your contributions.  First and foremost

On Feedback Infrastructure - In Code

The other day - I was nursing some inflamed tendons in my left knee. The result of a 1000 mile drive from Boca Raton to Alexandria VA - and an immobile left foot for hours! As I was waiting for the doctor, I was studying the colorful diagrams of muscles and tendons and bones and their connections. Of course the nerves that actuate the systems are not shown in the charts. As the doctor started his diagnostic process and pressed down on the knee and pain shot through it - it got me thinking and marveling about the nerve sensors and 'inbuilt' feedback infrastructure that nature builds into animal bodies - to protect it from damage. I could not help myself contrasting it with our code writing as we build systems. We don't always put 'diagnostic' sensors everywhere as we go along(laziness?). But nature does not forget to do that. It unfailingly builds feedback sensors into all the muscles. I wonder why. Does it have an evolutionary benefit? Would it not be benefic