Comments by "Wandering Existence" (@WanderingExistence) on "John Stossel"
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@jimwerther You think behavioral economics is based on a victim mentality? I don't think you understand what behavioral economics is, buddy. Maybe you should learn about things before you speak about them, that's pretty sad that you're so propagandized that you don't care about empirical studies of how people actually make decisions in the real world ¯\_(ツ)_/¯ Maybe you should do some reading before you criticize, because that doesn't seem like rational behavior.... Oh wait, humans aren't rational and you aren't acting rational, proving my point. Rational Choice Theory is bunk ;)
"Understanding Behavioral Economics
In an ideal world, people would always make optimal decisions that provide them with the greatest benefit and satisfaction. In economics, rational choice theory states that when humans are presented with various options under the conditions of scarcity, they would choose the option that maximizes their individual satisfaction. This theory assumes that people, given their preferences and constraints, are capable of making rational decisions by effectively weighing the costs and benefits of each option available to them. The final decision made will be the best choice for the individual. The rational person has self-control and is unmoved by emotions and external factors and, hence, knows what is best for himself. Alas behavioral economics explains that humans are not rational and are incapable of making good decisions." investopedia, behavioral economics (If I post the link it'll get removed)
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“Call it democracy, or call it democratic socialism, but there must be a better distribution of wealth within this country for all God’s children.”
– MLK, Speech to the Negro American Labor Council, 1961.
“We must recognize that we can’t solve our problem now until there is a radical redistribution of economic and political power… this means a revolution of values and other things. We must see now that the evils of racism, economic exploitation and militarism are all tied together… you can’t really get rid of one without getting rid of the others… the whole structure of American life must be changed. America is a hypocritical nation and [we] must put [our] own house in order.”
- MLK, Report to SCLC Staff, May 1967.
“The evils of capitalism are as real as the evils of militarism and evils of racism.”
– MLK, Speech to SCLC Board, March 30, 1967.
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“Call it democracy, or call it democratic socialism, but there must be a better distribution of wealth within this country for all God’s children.”
– MLK, Speech to the Negro American Labor Council, 1961.
“We must recognize that we can’t solve our problem now until there is a radical redistribution of economic and political power… this means a revolution of values and other things. We must see now that the evils of racism, economic exploitation and militarism are all tied together… you can’t really get rid of one without getting rid of the others… the whole structure of American life must be changed. America is a hypocritical nation and [we] must put [our] own house in order.”
- MLK, Report to SCLC Staff, May 1967.
“The evils of capitalism are as real as the evils of militarism and evils of racism.”
– MLK, Speech to SCLC Board, March 30, 1967.
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