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  • pimco Archives - Unreal Blog
    that the system is flawed Are you going to stop what you are doing Of course I m paraphrasing He probably asked it better I loved the intelligent response that Mr El Erian gave You see you don t get to the top of a corporate empire with sub par intelligence much as we techies would like to believe otherwise He said paraphrasing again You asked me about what should happen the system as it should be We work with what is likely to happen In an ideal world the two should converge Our job is to make use of what is likely to happen and make profit for our clients It is the job of policy makers to ensure that what is likely to happen is close to what should happen This line of thought was the straw that I was looking for something that I felt would assuage my troubled conscience Right now there is a large gulf between what should happen and what is likely to happen What should happen is prosperity for all and peace and happiness on earth What is likely to happen is obscene prosperity for a select few and misery for the rest Yet by our skewed economic indicators like stock indices and GDPs we are still doing well The party is still on they seem to indicate Now is not the time to worry about the mess we are creating and about the underpaid migrant workers who will have to clean it up Now is the time to eat drink and be merry for tomorrow is not ours It s theirs hopefully What is interesting and really smart about Mr El Erian s observation is how neatly he cleaved the responsibility into two parts his job which is to make use of

    Original URL path: http://www.thulasidas.com/tag/pimco/ (2016-02-16)
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  • troubled conscience Archives - Unreal Blog
    admitting that the system is flawed Are you going to stop what you are doing Of course I m paraphrasing He probably asked it better I loved the intelligent response that Mr El Erian gave You see you don t get to the top of a corporate empire with sub par intelligence much as we techies would like to believe otherwise He said paraphrasing again You asked me about what should happen the system as it should be We work with what is likely to happen In an ideal world the two should converge Our job is to make use of what is likely to happen and make profit for our clients It is the job of policy makers to ensure that what is likely to happen is close to what should happen This line of thought was the straw that I was looking for something that I felt would assuage my troubled conscience Right now there is a large gulf between what should happen and what is likely to happen What should happen is prosperity for all and peace and happiness on earth What is likely to happen is obscene prosperity for a select few and misery for the rest Yet by our skewed economic indicators like stock indices and GDPs we are still doing well The party is still on they seem to indicate Now is not the time to worry about the mess we are creating and about the underpaid migrant workers who will have to clean it up Now is the time to eat drink and be merry for tomorrow is not ours It s theirs hopefully What is interesting and really smart about Mr El Erian s observation is how neatly he cleaved the responsibility into two parts his job which is to make use

    Original URL path: http://www.thulasidas.com/tag/troubled-conscience/ (2016-02-16)
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  • Ethics In Business and Leadership - Unreal Blog
    Going just by income poverty the number living below this dire threshold has come down by some 500 million almost entirely because of a reduction in China However the broader multidimensional poverty index that includes parameters such as health education gender equality access empowerment etc pushes the share of these destitute people to about 25 of the global population Importantly the number of people below the global poverty line of 2 PPP per day consumption remains stubbornly at about 2 5 billion or about 36 of humanity Modern energy consumption is perfectly correlated to the Human Development Index HDI but it still eludes the bottom 2 5 billion who remain energy starved While 1 5 billion among them including over 500 million from India have no access to electricity 2 2 billion including some 850 million from India use some form of biomass as their primary or only source of energy for cooking food the most basic human necessity A larger number would be denied access were we to price energy one of earth s fastest depleting natural resource at its true value The primary reason for this is the continuing disproportionate consumption by the well to do OECD countries with a combined population less than India enjoy the world s highest living standards Yet OECD s incremental commercial energy consumption for the period 1997 2007 before the financial crisis was 3 2 times that of India During this period India s share of global commercial energy consumption rose from 2 9 to 3 6 while OECD s share fell from 58 to just over 50 This drop was singularly due to the growth of China s share as it became the world s largest energy consumer The disproportionate consumption of energy is far worse than the figures reveal In a globalized world big business has moved significant parts of OECD s production base in search of cheaper natural capital including the environmental commons which though priceless is still available for free in China and the developing world If one looks at GHG emission on a consumption basis and not production within their borders then EU 15 emissions are up by 47 and the US emissions have risen 43 since 1990 The embedded emissions in imports of EU 15 are about 33 of emissions within their borders This translates to about 3 tons per capita of embedded emissions in imports The embedded emissions import for the US is 20 or about 4 tons capita In 2000 the level of embedded emissions imports in both the US and EU15 were only 3 The embedded emissions alone in imports for US and EU 15 are twice and 1 6 times respectively of India s total per capita GHG emissions The greatest lie that we are being told by big business and the policy makers supported by them is that resource efficiency is the answer to sustainability Despite huge gains in resource use efficiency the world is consuming more natural capital today than

    Original URL path: http://www.thulasidas.com/ethics-in-business-and-leadership/ (2016-02-16)
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  • ethics Archives - Unreal Blog
    fuelled by innovation Our growth model must be an inclusive one that reduces unsustainable overconsumption by a few and redistributes that to the bottom 50 of this world No I do not seek to make the poor rich by making the rich poor I simply seek the right of the bottom 50 of the world to have a dignity of life afforded by consumption at 50 of the poverty levels within the OECD The current inequities whereby the world s third largest economy in PPP terms India is placed 134th in terms of its HDI and has the world s largest concentration of poor malnourished adults and under weight children are unsustainable Enlightened business leaders must not only define sustainability in terms of guaranteeing inter generational resource equity but also see the unsustainability of not removing current intra generational inequities and thereby delivering the minimal adaptive capacity to the bottom 2 5 billion of fellow humans in the face of impending abrupt climate events In closing I quote Mahatma Gandhi who said The world has enough to meet everyone s need but not enough to satisfy even one man s greed I thank you for your time and attention Corporate Life environment ethics Life and Death Philosophy Dualism March 2 2011 manoj After being called one of the top 50 philosophy bloggers I feel almost obliged to write another post on philosophy This might vex Jat who while appreciating the post on my first car was somewhat less than enthusiastic about my deeper thoughts Also looking askance at my philosophical endeavors would be a badminton buddy of mine who complained that my posts on death scared the bejesus out of him But what can I say I have been listening to a lot of philosophy I listened to the lectures by Shelly Kagan on just that dreaded topic of death and by John Searle again on the philosophy of mind Listening to these lectures filled me with another kind of dread I realized once again how ignorant I am and how much there is to know think and figure out and how little time is left to do all that Perhaps this recognition of my ignorance is a sign of growing wisdom if we can believe Socrates At least I hope it is One thing I had some misconceptions about or an incomplete understanding of was this concept of dualism Growing up in India I heard a lot about our monistic philosophy called Advaita The word means not two and I understood it as the rejection of the Brahman and Maya distinction To illustrate it with an example say you sense something like you see these words in front of you on your computer screen Are these words and the computer screen out there really If I were to somehow generate the neuronal firing patterns that create this sensation in you you would see these words even if they were not there This is easy to understand after all this is the main thesis of the movie Matrix So what you see is merely a construct in your brain it is Maya or part of the Matrix What is causing the sensory inputs is presumably Brahman So to me Advaita meant trusting only the realness of Brahman while rejecting Maya Now after reading a bit more I m not sure that was an accurate description at all Perhaps that is why Ranga criticized me long time ago In Western philosophy there is a different and more obvious kind of dualism It is the age old mind matter distinction What is mind made of Most of us think of mind those who think of it that is as a computer program running on our brain In other words mind is software brain is hardware They are two different kinds of things After all we pay separately for hardware Dell and software Microsoft Since we think of them as two ours is an inherently dualistic view Before the time of computers Descartes thought of this problem and said there was a mental substance and a physical substance So this view is called Cartesian Dualism By the way Cartesian coordinates in analytic geometry came from Descartes as well a fact that might enhance our respect for him It is a view that has vast ramifications in all branches of philosophy from metaphysics to theology It leads to the concepts of spirit and souls God afterlife reincarnation etc with their inescapable implications on morality There are philosophers who reject this notion of Cartesian dualism John Searle is one of them They embrace a view that mind is an emergent property of the brain An emergent property more fancily called an epiphenomenon is something that happens incidentally along with the main phenomenon but is neither the cause nor the effect of it An emergent property in physics that we are familiar with is temperature which is a measure of the average velocity of a bunch of molecules You cannot define temperature unless you have a statistically significant collection of molecules Searle uses the wetness of water as his example to illustrate emergence of properties You cannot have a wet water molecule or a dry one but when you put a lot of water molecules together you get wetness Similarly mind emerges from the physical substance of the brain through physical processes So all the properties that we ascribe to mind are to be explained away as physical interactions There is only one kind of substance which is physical So this monistic philosophy is called physicalism Physicalism is part of materialism not to be confused with its current meaning what we mean by a material girl for instance You know the trouble with philosophy is that there are so many isms that you lose track of what is going on in this wild jungle of jargonism If I coined the word unrealism to go with my blog and promoted it as a branch of philosophy or

    Original URL path: http://www.thulasidas.com/tag/ethics/ (2016-02-16)
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  • Talent and Intelligence - Unreal Blog
    real thin ice when I compare however obliquely senior executives to cabbies and slum dogs They are the executives that is clearly a lot more talented which brings me to the famous talent argument for bonuses What is this talent thing Is it intelligence and articulation I once met a taxi driver in Bangalore who was fluent in more than a dozen languages as disparate as English and Arabic I discovered his hidden talent by accident when he cracked up at something my father said to me a private joke in our vernacular which I have seldom found a non native speaker attempt I couldn t help thinking then given another place and another time this cabbie would have been a professor in linguistics or something Talent may be a necessary condition for success and bonus but it certainly is not a sufficient one Even among slum dogs we might find ample talent if the Oscar winning movie is anything to go by Although the protagonist in the movie does make his million dollar bonus but it was only fiction In real life however lucky accidents of circumstances play a more critical role than talent in putting us on the right side of the income divide To me it seems silly to claim a right to the rewards based on any perception of talent or intelligence Heck intelligence itself however we define it is nothing but a happy genetic accident Sections Bonus Plans of Mice and Men Hard Work Talent and Intelligence Talent Retention Profit Sharing Slippery Slopes Share this Click to share on Reddit Opens in new window Click to share on Voat Opens in new window Click to share on Facebook Opens in new window Click to share on Twitter Opens in new window Click to share on

    Original URL path: http://www.thulasidas.com/bonus-plans-of-mice-and-men-iii/ (2016-02-16)
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  • Little Materialists - Unreal Blog
    play along and said I would probably get home only after you go to bed He still seemed to hesitate I persisted Well what do you think My six year old said If you have more money you can buy me more stuff Crestfallen as I was at this patently materialistic line of thinking not to say anything about the blow to my parental ego I had to get philosophical at this point Why would a modern child value stuff more than his time with his parent I thought back about my younger days to imagine how I would have responded I would have probably felt the same way But then this comparison is not quite fair We were a lot poorer then and my dad bringing in more money and stuff would have been nice But lack of money has never been a reason for my not getting my kids the much sought after stuff of theirs I could get them anything they could possibly want and then some It is just that I have been trying to get them off stuff with environmental arguments You know with the help of Wall E and my threats that they will end up living in a world full of garbage Clearly it did not work May be we are not doing it right We cannot expect our kids to do as we say and not as we do What is the use of telling them to value stuff less when we cannot stop dreaming of bigger houses and fancier cars Perhaps the message of Wall E loses a bit of its authenticity when played on the seventh DVD player and watched on the second big screen TV It is our materialism that is reflected in our kids priorities Share this Click

    Original URL path: http://www.thulasidas.com/little-materialists/ (2016-02-16)
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  • materialism Archives - Unreal Blog
    to work much longer hours I will make a lot more money though Do you think I should take it I was certain that he would say no forget money spend time at home After all he is quite close to me and tries to hang out with me as much as he can But faced with this choice he was quiet for a while So I pressed him Well what do you think To my dismay he asked How late I decided to play along and said I would probably get home only after you go to bed He still seemed to hesitate I persisted Well what do you think My six year old said If you have more money you can buy me more stuff Crestfallen as I was at this patently materialistic line of thinking not to say anything about the blow to my parental ego I had to get philosophical at this point Why would a modern child value stuff more than his time with his parent I thought back about my younger days to imagine how I would have responded I would have probably felt the same way But then this comparison is not quite fair We were a lot poorer then and my dad bringing in more money and stuff would have been nice But lack of money has never been a reason for my not getting my kids the much sought after stuff of theirs I could get them anything they could possibly want and then some It is just that I have been trying to get them off stuff with environmental arguments You know with the help of Wall E and my threats that they will end up living in a world full of garbage Clearly it did not work May be

    Original URL path: http://www.thulasidas.com/tag/materialism/ (2016-02-16)
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  • An Economics Question - Unreal Blog
    adding to the food scarcity Every time I pump gas or turn on a light I add a bit to the cruel inequality we see around us Somehow big corporations are emerging as the villains these days This is strange because all little cogs in the corporate mega machine from stakeholders to customers you and me seem blameless decent folks Perhaps the soulless faceless entities that corporations are have taken a life of their own and started demanding their pound of flesh in terms of the grim inequalities that they seem to thrive on and we are forced to live with At least these were my thoughts when I was watching heartrending scenes of tiny emaciated Congolese children braving batons and stone walls for a paltry helping of high energy biscuits Sitting in my air conditioned room voicing my righteous rage over their tragic plight I wonder Am I innocent of their misfortunes Are you Share this Click to share on Reddit Opens in new window Click to share on Voat Opens in new window Click to share on Facebook Opens in new window Click to share on Twitter Opens in new window Click to share on LinkedIn Opens in new window Click to share on Google Opens in new window Click to share on Tumblr Opens in new window Click to share on Pinterest Opens in new window Click to email this to a friend Opens in new window Click to print Opens in new window Related Comments children economists food prices pound of flesh tragic plight Post navigation Previous Post Are Radio Sources and Gamma Ray Bursts Luminal Booms Next Post Light Travel Time Effects and Cosmological Features One thought on An Economics Question zachned says November 7 2008 at 10 24 pm Hallo Manoj Can two individuals

    Original URL path: http://www.thulasidas.com/an-economics-question/ (2016-02-16)
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