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Tom Robbins (Skinny Legs and All)
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Martin Luther King Jr.
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Tatsuya Ishida
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Kit Frazier
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Historically one of the main defects of constitutional government has been the failure to insure the fair value of political liberty. The necessary corrective steps have not been taken, indeed, they never seem to have been seriously entertained. Disparities in the distribution of property and wealth that far exceed what is compatible with political equality have generally been tolerated by the legal system. Public resources have not been devoted to maintaining the institutions required for the fair value of political liberty. Essentially the fault lies in the fact that the democratic political process is at best regulated rivalry; it does not even in theory have the desirable properties that price theory ascribes to truly competitive markets. Moreover, the effects of injustices in the political system are much more grave and long lasting than market imperfections. Political power rapidly accumulates and becomes unequal; and making use of the coercive apparatus of the state and its law, those who gain the advantage can often assure themselves of a favored position. Thus inequities in the economic and social system may soon undermine whatever political equality might have existed under fortunate historical conditions. Universal suffrage is an insufficient counterpoise; for when parties and elections are financed not by public funds but by private contributions, the political forum is so constrained by the wishes of the dominant interests that the basic measures needed to establish just constitutional rule are seldom properly presented. These questions, however, belong to political sociology. 116 I mention them here as a way of emphasizing that our discussion is part of the theory of justice and must not be mistaken for a theory of the political system. We are in the way of describing an ideal arrangement, comparison with which defines a standard for judging actual institutions, and indicates what must be maintained to justify departures from it.
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John Rawls (A Theory of Justice)
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Money was the blood of civilized society, its currents running through everything and everyone. Where money was insufficient, things withered. People starved, sickened and died, constructions eroded, even ideas perished. Where funds were plentiful, the same things blossomed with new life.
And money was, in the end, little more than the product of collective imagination. A slip of paper or a coin had no value beyond that of the material it was fashioned of. It only took on a life of its own when people as a whole collectively agreed that certain papers and coins were worth something.
Only then did people bleed and die for it. For a fantasy, a faith given form in hard, concrete numbers.
Then again, much of society was built on a series of shared delusions. Clothing was little more than scraps of particular materials with particular geometries, but people clung to the idea of fashion. Style. Good and bad fashion was another belief system, one which all members of a culture were indoctrinated into. Breaking certain conventions didn’t only challenge the aesthetic sensibilities of others, but it challenged their sense of self. It reminded them, subconsciously, of the very pretendings they clung to.
Only those with power could stand against society’s tides, flaunt the collective’s ‘safe’ aesthetic. When one had enough power, others couldn’t rise against them and safely say something calculated to reduce their own dissonance and remind the offending party of the unspoken rules.
When one had enough power to take a life with a twitch of a finger, a thought, they earned the right to wear skin-tight clothing and call themselves Hero, or Legend. To wear a mask and name themselves something inane like ‘the Cockatoo’ and still take themselves seriously.
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Wildbow (Worm (Parahumans, #1))
“
It is a fact of life on our beleaguered little planet that widespread torture, famine and governmental criminal irresponsibility are much more likely to be found in tyrannical than in democratic governments. Why? Because the rulers of the former are much less likely to be thrown out of office for their misdeeds than the rulers of the latter. This is error-correcting machinery in politics. The methods of science, with all its imperfections, can be used to improve social, political and economic systems, and this is, I think, true no matter what criterion of improvement is adopted. How is this possible if science is based on experiment? Humans are not electrons or laboratory rats. But every act of Congress, every Supreme Court decision, every Presidential National Security Directive, every change in the Prime Rate is an experiment. Every shift in economic policy, every increase or decrease in funding for Head Start, every toughening of criminal sentences is an experiment. Exchanging needles, making condoms freely available, or decriminalizing marijuana are all experiments. Doing nothing to help Abyssinia against Italy, or to prevent Nazi Germany from invading the Rhineland was an experiment. Communism in Eastern Europe, the Soviet Union and China was an experiment. Privatizing mental health care or prisons is an experiment. Japan and West Germany investing a great deal in science and technology and next to nothing on defense - and finding that their economies boomed - was an experiment. Handguns are available for self-protection in Seattle, but not in nearby Vancouver, Canada; handgun killings are five times more common in Seattle and the handgun suicide rate is ten times greater in Seattle. Guns make impulsive killing easy. This is also an experiment. In almost all of these cases, adequate control experiments are not performed, or variables are insufficiently separated. Nevertheless, to a certain and often useful degree, such ideas can be tested. The great waste would be to ignore the results of social experiments because they seem to be ideologically unpalatable.
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Carl Sagan (The Demon-Haunted World: Science as a Candle in the Dark)
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A roller coaster is all about fast thrills and wild, whiplashing movements. They can be a lot of fun, but they aren’t a good model for effective product management. Investors and executives like to see immediate results, and when those results don’t materialize right away, they can be tempted to pivot suddenly, resulting in whiplash for the product team. This problem comes from setting a time horizon that is too short. For startups, a lack of patience is often the result of having a very short runway. They have to get something up and running fast so they can raise the next round of funding, or they need to start producing revenue right away. Of course, everyone wants to make fast and efficient progress, but providing insufficient opportunity for success will result in false negatives that can lead product managers astray. When an otherwise healthy “fail-fast” mentality is taken to the extreme, it can stifle innovation. “We think this new feature is a good idea,” a product manager might say. “To avoid overinvesting, we’ll first launch a lackluster version of it. If it doesn’t get overwhelmingly positive results immediately, then we’ll know it’s not the right direction for our product.” Daisy-chained together, these false negatives result in a headache-inducing roller coaster ride for product development that ends up in exactly the same place it started.
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Ben Foster (Build What Matters: Delivering Key Outcomes with Vision-Led Product Management)
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Seen as dominant in banking and finance, Jews were blamed for the insufficient financial support of the war effort, although historians now widely acknowledge that Germany lost on the battlefield and not solely for lack of funds.
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Isabel Wilkerson (Caste: The Origins of Our Discontents)
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It is impossible to tell how much public money they [the cadres] have spent on dining, money wrung from the blood and sweat of hard-working peasants. According to figures released by the National Statistics Bureau, the yearly spending on dining at public expense in urban and rural areas is somewhere between eight hundred million and one billion yuan, enough to host four Olympic Games, to build two dams like the Three Gorges, or wipe out the disgrace of the widespread phenomenon of children being kept out of school because there are insufficient funds in the education budget.
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Chen Guidi & Wu Chuntao
“
The epidemic of HIV and AIDS, the largest in Eastern Europe and Eurasia, is even more worrisome. Registered cases in 2012 numbered more than seven hundred thousand, up from fewer than half a million as recently as 2008, but no such figure can be trusted in a country that blamed the Pentagon for AIDS during the Cold War. Experts say the real rate is at least double the official number—and growing, thanks largely to the use of heroin, which is also rapidly spreading. Although AIDS is the third leading cause of premature death—compared to the twenty-third in the United States—Moscow no longer accepts funding from the United Nations UNAIDS program or other international organizations because it sees itself as a donor country, not a recipient of help. However, the government doesn’t finance programs that had been until recently supported by foreign agencies.10 Insufficient funding for known cases of AIDS virtually guarantees that patients receive generally inferior treatment, and poor people get by far the worst from the badly fraying social services and healthcare system. The United Nations places Russia seventy-first in the world in human development, after Albania and just above Macedonia. (Norway is first; the United States thirteenth.)
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Gregory Feifer (Russians: The People behind the Power)
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Bundy sternly tool his fellow endowment fund managers to task - not for being too bold, but for being insufficiently so:
We have the preliminary impression that over the long run caution has cost our colleges and universities much more than imprudence or excessive risk-taking.
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Roger Lowenstein (Buffett: The Making of an American Capitalist)
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She would tell him there were insufficient funds, and Adam would scramble to push money into the yawning hole of the account, and then he’d have to pay a returned check fee to the bank and another one to Mr. Ramirez, getting further behind on his next month’s rent, an endless pathetic loop of insufficiency.
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Maggie Stiefvater (The Dream Thieves (The Raven Cycle, #2))
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In his 1963 “I Have a Dream” speech during the March on Washington, Dr. Martin Luther King Jr. offered one of the most eloquent personal visions of American patriotism ever delivered. Using the logic of economics to make a moral point, King called for an incredible debt to be paid. “In a sense we’ve come to our nation’s capital to cash a check,” he said. “When the architects of our republic wrote the magnificent words of the Constitution and the Declaration of Independence, they were signing a promissory note to which every American was to fall heir.” The reckoning, King said, was long overdue: “We refuse to believe that the bank of justice is bankrupt. We refuse to believe that there are insufficient funds in the great vaults of opportunity of this nation. So we’ve come to cash this check, a check that will give us upon demand the riches of freedom and the security of justice.
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Dan Rather (What Unites Us: Reflections on Patriotism)
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1)Insufficient research and knowledge:
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Sago
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While legislators kept increasing jail time for offenses, they appropriated funds insufficient to build additional jails or prisons, or hire staff, or pay probation officers. As a result, judges were hesitant to throw anyone but the most dangerous into jail—it was simply too expensive to give offenders three-hots-and-a-cot for every little offense, and the overcrowding was serious.
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Insufficient funds? How on earth could there be insufficient funds in her personal account? Andi was always in credit and, unlike her sister Angel (who was probably single-handedly to blame for the economic downturn),
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Equity mutual-fund returns in recent decades provide a textbook example of the negative-sum game of active management. Recall that active managers as a group must underperform the market by a margin equal to the cost of trading (market impact and commissions) and the burden of fees. The theoretical possibility exists that mutual funds as a group might exhibit superior performance, with other market players producing shortfalls sufficient to counterbalance the superior mutual-fund results. Unfortunately for the mutual-fund investor, U.S. equity markets contain insufficient numbers of mullets for fund managers to exploit for active management gains. In fact, mutual-fund managers and other sophisticated market participants control such a large portion of the aggregate market capitalization that they dominate the trading of securities and the price-setting mechanism. Because well-informed institutions define the market, would-be market-beating investors as a group face the unwelcome prospect of losing to the market by the amount that it costs to play the active management game.
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David F. Swensen (Unconventional Success: A Fundamental Approach to Personal Investment)
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The city’s garment industry thrived on cheap immigrant labor and inexpensive transit services. But the combination of rapidly increasing ridership and insufficient funding for the subways created a problem that raised the ire of numerous civic groups in the mid-1920s. A leader of the Metropolitan Housewives’ League pointed out “the inhuman, indecent, and dangerous crowding and jamming of passengers, the unclean trains and platforms, and especially the conditions of the public waiting and toilet rooms which are filthy, unsanitary and disease breeding.” Likewise, the City Club of New York told city officials, “We do not get a civilized ride for a nickel today. We get instead a chance to hang on, like a chimpanzee, to a flying ring suspended from the roof of the car while we are crushed to the point of indecency by our fellow sufferers.
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