Evolutionary economics explains skepticism of capitalism

Why do people distrust free markets? The strongest reason for skepticism of capitalism is a myth commonly found in objections to both the theory of evolution and free market economics, and that is that they are based on the presumption that animals and humans are inherently selfish, and that the economy is like Tennyson’s memorable description of nature: “red in tooth and claw.” But, if biological evolution in nature, and market capitalism in society, were really founded on and sustained by nothing more than a winner-take-all strategy, life on earth would have been snuffed out hundreds of millions of years ago and market capitalism would have collapsed centuries ago.

See Michael Shermer's Why People Don’t Trust Free Markets.

Or The Mind of the Market at Scientific American.

Underachievement

Ryan Norbauer is talking about death and underachievement in his review of The Underachiever's Manifesto over at 43 Folders.

Consider: how many brilliant careers are coupled with disastrous marriages? How many talented, hardworking people smoke too much, exercise too little, or drink themselves into oblivion each week? At the other extreme, how many fitness-crazed or hyper-competitive individuals tear up their knees running marathons or risk life and limb scrambling to mountaintops? How many brilliant and ambitious people dream of winning accolades for their genius, only to wind up working for their C+ colleagues? And even if you do manage to just about maintain a full-sprint schedule of personal and professional achievement, it can take something as commonplace as the flu to throw your whole highly tuned enterprise stressfully out of whack. What you’ve never realized all these years is that it’s your commitment to excellence that is at the source of your trouble.

Actually, I think it's summed up nicely in Ecclesiastes:

I returned, and saw under the sun, that the race is not to the swift, nor the battle to the strong, neither yet bread to the wise, nor yet riches to men of understanding, nor yet favour to men of skill; but time and chance happeneth to them all. -- Ecclesiastes 9:11 (KJV)

The thing that hath been, it is that which shall be; and that which is done is that which shall be done: and there is no new thing under the sun. -- Ecclesiastes 1: 9 (KJV)

Go Navy!

Laura Montero, 14, fell ill aboard the Dawn Princess cruise ship off the coast of Baja California. The Bahamian-registered ship sent out a distress call Friday that was answered by the USS Ronald Reagan, which was on training maneuvers about 500 miles away.


See Navy saves gravely ill girl on cruise at Yahoo! News

And Navy Saves Gravely Ill Girl on Cruise at AP

Also see USS Ronald Reagan