The Right Way To Look at The World

I've been watching the first season of The White Lotus and for those unfamiliar with the show, it follows a few rich families as they spend their time at a resort in Hawaii. Each family is massively flawed though one particularly caught my attention due to their conversations. The mother is a CEO of a multinational cooperation, the father is unknown but makes less than her, son is addicted to pornography and screens, and daughter is a drug addict with insane jealousy issues. They all have different ideas of what is right and voice them often. The daughter has a black friend who she brought, who both share the idea that "it's time for the white man to step aside" which is contrary to the mother who feels for her son, saying that it's not his fault and not he's being unfairly ostracized from society. The resort they are staying at used to be native and sacred land but the government and developers didn't care. Some of those natives now work at the hotel. Tha...
Post a Comment

Dec 16

The issue I have with business from being a business major. 


The issue I have is the philosophy of business. It feels like negative externalities aren't ever considered. For example, a company might find some value in a neighborhood. They buy up or build in the community which creates financial wealth for them but then end up gentrifying the area. The company will see this as a win, not for the community or people but for their monetary gain. Also, many of these big firms aren't based in said communities so don't end up creating jobs for anyone. 

For valuing real estate, we don't look at the issues the community needs fixing, we only see a tiny part of it that can be exploited. I think in general this view is pretty specific to a small number of companies. I also think business is something that if used correctly can help lots of people. 


Another issue I have is the idea that the treasury is 100% secure. When we discount money to find a present-day value for our investment. We are making the assumption that the United States government will back our decision. The argument against, depressions and inflation is that we have seen it before and that it will find its way back to normal feels wrong. I get that we have close to 100 years of data but that doesn't mean we won't go to war tomorrow. If we are being relative that's just a blip. If Russia overtakes us our 30-year loan interest rate won't really matter. It's one big system built on a pretty naive assumption. 

Comments

Post a Comment