Interesting Blog: Blind Spots

A few weeks ago, I came across a blog called Blind Spots. It is largely about the many blind spots often displayed by supposedly “smart” and “credentialed” people which are caused by worship of ideas, stories, theories, and signalling. Too bad, it only contains a few posts.

Accountancy is the Priesthood of Modern Life

Like the priests and bishops of old, it has become quite standard for the accountants within the finance function to stand at the apex of influence within our organisations and tell the rest of us what and how to think about business. It is routine that the finance function is more influential than and dictates to marketing and other income-generating teams but it is extremely rare to see the inverse. It is even becoming increasingly common for CFOs to hold dominion over cybersecurity and other IT functions when it would be inconceivable to imagine a finance department answering into a computer science-educated Chief Technology Officer.

and

I’ve written before about the blinding effect abstractions can have on us when we drift into thinking the symbols are more real than the things they were created to represent. Money is a representation of value. A scoring system against which we can grade the worth of real life things. Without the resources to buy with it, it is completely worthless. Accountancy-thought, due to the ease with which costs can be counted compared to benefit, or money can be counted compared to the value of real-life stuff, has led us to develop a habit of over-focus on cash to the neglect of the things that cash can buy, which is presumably what we were all in it for in the first place.

Capitalism is Bad for Business

Commerce is roughly as old as recorded history itself. The later-stage first farmers appear to have been the first humans to trade with one another over 5,000 years ago in the fertile crescent region we now know as the Middle East. For as long as we produced surplus to what we needed, we sold that excess in markets. As things developed further, the demand, and therefore supply, evolved for specialists and skilled tradespeople who could work with metals, furs, wood, or pottery. And so the trade in services was also born.

and

In reality, the most far-reaching element of these economic policies was the promotion of shareholder value above everything else in society. When you decide that the most important thing in a society is that people be able to invest in something and sell it for a higher price, it has the effect of turning everything and everyone in that society into a gambling chip: companies, property, even people. We call this effect financialisation. Think of any financial instrument as a gambling chip; it is something you can buy in the hope of either selling it at a higher price or earning a dividend or rent off of without having to work.

What do you think? Comments?

  1. P Ray
    March 25, 2021 at 10:55 pm

    Going to this statement: Money is a representation of value.
    A scoring system against which we can grade the worth of real life things. Without the resources to buy with it, it is completely worthless.
    Accountancy-thought, due to the ease with which costs can be counted compared to benefit, or money can be counted compared to the value of real-life stuff, has led us to develop a habit of over-focus on cash to the neglect of the things that cash can buy, which is presumably what we were all in it for in the first place.

    Comes another good quote:
    “Technological advances can’t be passed on in the form of fewer hours worked, because human work forms the basis of the value of money, and a debt-based monetary system requires we continually produce more money or have people defaulting on their debts through no fault of their own.
    That’s the real deal.”

    The other problem to think about in the situation of Without the resources to buy with it, it is completely worthless.

    Well … when people can’t buy their consoles, processors, graphic cards or smart-cars, the money goes into property. In LA for example … to make the downpayment for a median property a single person has to work for decades, and now the price is going up … which is why in LA there are inter-racial Asian male-White female couples (that trigger racists) … remember that women can only be racist where there is no financial penalty for doing so.

    Plus the “accountancy-thought” also ignores another aspect … accounts can be faked. I remember reading a cheat that Ferdinand Marcos used to improve the money supply without increasing inflation – and it actually worked for awhile … he got the money mint to print sets of 3 notes with the exact serial number … and he would have gotten away with it, if it wasn’t for a meddling journalist who broadcasted his findings to the media.

    Just sharing some thoughts …

    • arjun
      March 26, 2021 at 10:20 am

      “which is why in LA there are inter-racial Asian male-White female couples (that trigger racists) … remember that women can only be racist where there is no financial penalty for doing so.”

      just remember, my spiteful eurasian tiger, you buy her that house it is HER house with all that alimoney (no I didn’t misspell it.)

      I got the surgery scheduled and I’m staying at a nice air bandb on Venice blvd. I am going to nee to stretch out that new mangina and someone a bit smaller than average will be a good starting point.

      wanna help?

    • arjun
  2. March 26, 2021 at 2:14 am

    Thanks so much for the share – I have many more in the pipeline so hang on! Cian

  3. arjun
    March 26, 2021 at 11:13 am

    https://i2.wp.com/wehuntedthemammoth.com/wp-content/uploads/2017/06/mattmilo600.png?ssl=1

    wow, milo will stick his dick in anything white with a pulse…

    Your obsession with that charlatan (aka Milo) tells me more about you than about him. Don’t you have anything to write about.. like your experience delivering packages for Amazon.

  4. AD Hypocrite
    March 26, 2021 at 2:23 pm

    “Don’t you have anything to write about.. like your experience delivering packages for Amazon.”

    Arjun,

    You and P Ray have made it clear that low status men are not welcome here. I get the gist of this blog that you will cry victim while WFH and paying a premium paying prostitutes while crying that you can’t get a fat whit woman. Then you will pretend that you are insightful. While disingenuously allowing WN’s to post under someone else handle. Then cry foul when that someone else posts under someone else handle…

    The mistake I made was ASSuming that shysters like you and BarBarossa were “arguing” in good faith…

    You do realize that yourself and ‘arjun’ have the same IP address.. right?

  5. Arjun Diablo
    March 26, 2021 at 2:29 pm

    “You do realize that yourself and ‘arjun’ have the same IP address.. right?”

    Yes, arjun, yes, I do…

    Just keep forgetting which email I used, as I wouldn’t use a real email with a detestable creature such as yourself…

  6. arjun, ramit and hari
    March 26, 2021 at 3:29 pm

    so many lies to unpack with this one…

    A.) Contracts, temps and part-timers are excluded from the “great benefits.”

    B.) Col. Sanders is not involved in setting the min. wage in Vermont.

    Is thi what you wanted arjun? Where the condescending bold letters instead of replying to the comment like a decent human being? You carppy narcissist you…

  7. miofios
    March 26, 2021 at 8:31 pm

    John Maynard Keynes summed up today’s wealth inequality pretty well

    https://en.wikipedia.org/wiki/Inflationism#Political_debate

  8. Bitch slap a feminist, thank me later
    March 31, 2021 at 5:38 pm

    How to end academia:

    https://fakenous.net/?p=1885

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