productive Zitate

Who would imagine that the Deity conducts his providence similar to the detestable despots of this world? Oh horrible? most horrible impeachment of Divine Goodness! Rather let us exaltedly suppose that God eternally had the ultimate best good of beings generally and individually in his view, with the reward of the virtuous and the punishment of the vicious, and that no other punishment will ever

be inflicted, merely by the divine administration, but that will finally terminate in the best good of the punished, and thereby subserve the great and important ends of the divine government, and be productive of the restoration and felicity of all finite rational nature.

The system in place in the countries of the historic imperialist triad (the United States, Western Europe, Japan) is based on the exercise of the absolute power of the national financial oligarchies concerned. They alone manage the whole of the national productive systems, having succeeded in reducing almost all small and medium-sized enterprises in agriculture, industry, and services to the

status of subcontractors for the exclusive benefit of financial capital.

Let's consider first Hayek's claim that prices in free market capitalism do not give people what they morally deserve. Hayek's deepest economic insight was that the basic function of free market prices is informational. Free market prices send signals to producers as to where their products are most in demand (and to consumers as to the opportunity costs of their options). They reflect the sum

total of the inherently dispersed information about the supply and demand of millions of distinct individuals for each product. Free market prices give us our only access to this information, and then only in aggregate form. This is why centralized economic planning is doomed to failure: there is no way to collect individualized supply and demand information in a single mind or planning agency, to

use as a basis for setting prices. Free markets alone can effectively respond to this information.
It's a short step from this core insight about prices to their failure to track any coherent notion of moral desert. Claims of desert are essentially backward-looking. They aim to reward people for virtuous conduct that they undertook in the past. Free market prices are essentially

forward-looking. Current prices send signals to producers as to where the demand is now, not where the demand was when individual producers decided on their production plans. Capitalism is an inherently dynamic economic system. It responds rapidly to changes in tastes, to new sources of supply, to new substitutes for old products. This is one of capitalism's great virtues. But this responsiveness

leads to volatile prices. Consequently, capitalism is constantly pulling the rug out from underneath even the most thoughtful, foresightful, and prudent production plans of individual agents. However virtuous they were, by whatever standard of virtue one can name, individuals cannot count on their virtue being rewarded in the free market. For the function of the market isn't to reward people for

past good behavior. It's to direct them toward producing for current demand, regardless of what they did in the past.
This isn't to say that virtue makes no difference to what returns one may expect for one's productive contributions. The exercise of prudence and foresight in laying out one's production and investment plans, and diligence in carrying them out, generally improves one's odds. But

sheer dumb luck is also, ineradicably, a prominent factor determining free market returns. And nobody deserves what comes to them by sheer luck.

The sweet spot is acknowledging that we have pressure on our infrastructure. And I think, actually, that is common ground between all parties that will form this government because there is undoubtedly strain based on the fact that we have had a government that’s entire growth agenda has been based on population growth rather than focusing on making sure that we move to a productive economy. Our

view is that it is about the settings. It is about making sure that we are meeting the skills gaps that we have – and we do have them in New Zealand – meeting those skills gaps by making sure that we are undertaking those work tests, by making sure that our export education industry isn’t exploiting people, and by making sure that people on temporary work visas aren’t exploited either.

That’s the area we’re focused on, and there’s agreement there.

There are two dominant mindsets in the world of business or any kind of organization.One is a productive mindset, and it says it's a good idea to seek valid knowledge, it's a good idea to craft your conversations so you make explicit what you are thinking and trying to examine. You craft them in such a way that you can test, as clearly as you can, the validity of your claims. Truth is a good idea.

All the managerial functions—accounting, all of them—have a fundamental notion that the productive mindset is what ought to be used to manage human beings.Then there's another mindset I call the defensive mindset. The idea is that even if you are seeking valid knowledge, you are seeking only that kind of valid knowledge that protects yourself or your organization or your department—it is

defensive. From a defensive mindset point of view, truth is a good idea when it isn't threatening or upsetting. If it is, massage it, spin it. But if you massage it and spin it, you're violating the espoused theory of good management. When you spin, you have to cover up the fact that you're spinning. And in order for a cover up to work, it too has to be covered up.

Just as the human population was starting its unprecedented growth spurt in the late eighteenth century, this was published. It's a first edition of an essay on population by the English clergyman Thomas Malthus. Malthus made a very simple observation about the relationship between humans and resources and used it to look into the future. He pointed out that "the power of population is

indefinitely greater than the power of the earth to produce subsistence for man." Food production can't increase as rapidly as human reproduction. Demand will eventually outstrip supply. Malthus goes on to say, if we don't control human reproduction voluntarily, life could end in misery, which earned him a reputation as a bit of a pessimist. But Malthus' principle remains true. The productive

capacity or the Earth has physical limits and those limits will ultimately determine how many human beings it can support. m10s58-m12s18