Thursday, October 16, 2008

Adam Smith - Great Blog - and The Concept of Delegation

Pedantic and obsessed with objective truth as I am, I am totally in love with the Adam Smith's Lost Legacy blog.

In a world of sound bites and misrepresentations and folksy concepts with no basis in reality, I often get extremely frustrated. Modern people are so obsessed with delegation - we delegate our political decision-making, we delegate our childcare, we delegate our manufacturing - at some point one has to wonder what exactly we produce.

I also like The Simple Dollar blog, and the primary reason I decided to fix up my blog and start writing is that he points out that creating value, actually producing is the only true growth. I think that at some point along the way in the dotcom boom and the economic miracle of Clinton capitalism, we lost sight of the fact that the value of something is still independent of its monetization via Google AdSense or some IPO.

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