USFREEDOM911 (03-22-2019)
https://en.wikipedia.org/wiki/Vilfredo_Pareto
the guy who gave the republicans the idea that certain people are just going to control everything and to try and alter that is evil
USFREEDOM911 (03-22-2019)
Vilfredo Federico Damaso Pareto (/pəˈrɛtoʊ/; Italian: [vilˈfreːdo paˈreːto]; born Wilfried Fritz Pareto, 15 July 1848 – 19 August 1923) was an Italian engineer, sociologist, economist, political scientist, and philosopher. He made several important contributions to economics, particularly in the study of income distribution and in the analysis of individuals' choices. He was also responsible for popularising the use of the term "elite" in social analysis.
He introduced the concept of Pareto efficiency and helped develop the field of microeconomics. He was also the first to discover that income follows a Pareto distribution, which is a power law probability distribution. The Pareto principle was named after him, and it was built on observations of his such as that 80% of the land in Italy was owned by about 20% of the population. He also contributed to the fields of sociology and mathematics, according to the mathematician Benoit Mandelbrot and Richard L. Hudson:
USFREEDOM911 (03-22-2019)
Economics and sociology[edit]
In 1893, he succeeded Léon Walras to the chair of Political Economy at the University of Lausanne[4] in Switzerland where he remained for the rest of his life. In 1906, he made the famous observation that twenty percent of the population owned eighty percent of the property in Italy, later generalised by Joseph M. Juran into the Pareto principle (also termed the 80–20 rule). In one of his books published in 1909 he showed the Pareto distribution of how wealth is distributed, he believed "through any human society, in any age, or country".[7] He maintained cordial personal relationships with individual socialists, but always thought their economic ideas were severely flawed. He later became suspicious of their humanitarian motives and denounced socialist leaders as an 'aristocracy of brigands' who threatened to despoil the country and criticized the government of Giovanni Giolitti for not taking a tougher stance against worker strikes. Growing unrest among labor in Italy led him to the anti-socialist and anti-democratic camp.[8] His attitude toward fascism in his last years is a matter of controversy.[9][10]
USFREEDOM911 (03-22-2019)
Benoît Mandelbrot wrote:
One of Pareto's equations achieved special prominence, and controversy. He was fascinated by problems of power and wealth. How do people get it? How is it distributed around society? How do those who have it use it? The gulf between rich and poor has always been part of the human condition, but Pareto resolved to measure it. He gathered reams of data on wealth and income through different centuries, through different countries: the tax records of Basel, Switzerland, from 1454 and from Augsburg, Germany, in 1471, 1498 and 1512; contemporary rental income from Paris; personal income from Britain, Prussia, Saxony, Ireland, Italy, Peru. What he found – or thought he found – was striking. When he plotted the data on graph paper, with income on one axis, and number of people with that income on the other, he saw the same picture nearly everywhere in every era. Society was not a "social pyramid" with the proportion of rich to poor sloping gently from one class to the next. Instead it was more of a "social arrow" – very fat on the bottom where the mass of men live, and very thin at the top where sit the wealthy elite. Nor was this effect by chance; the data did not remotely fit a bell curve, as one would expect if wealth were distributed randomly. "It is a social law", he wrote: something "in the nature of man".[16]:153
Pareto had argued that democracy was an illusion and that a ruling class always emerged and enriched itself. For him, the key question was how actively the rulers ruled. For this reason, he called for a drastic reduction of the state and welcomed Benito Mussolini's rule as a transition to this minimal state so as to liberate the "pure" economic forces.[17]
USFREEDOM911 (03-22-2019)
an unfettered capitalistic world
where the wealthy rule
and the poor suffer and starve
the Mussolini world
USFREEDOM911 (03-22-2019)
what the right wants for our nation and economy is the same thing Pareto envisioned
the 20-80 natural effect of NO RULES on capitalism
20 % of the population does fine and owns 80% of the worlds assets
while 80% of the people live miserable lives
USFREEDOM911 (03-22-2019)
That is what unfettered capitalism produces
That is what Pareto proved mathematically
But the reality of what it produces is lied about by unfettered capitalism lovers
SO they have to pick the Austrian School of Economics to promote it because they refuse the math Pareto PROVED and what unfettered capitalism actually produces.
The Austrian School denies math should be used to do economics for that very reason
They know full well 80% of the people would hate the idea of unfettered capitalism for good reasons
It makes them economic slaves
That is why the republicans HATE the word Democracy now
USFREEDOM911 (03-22-2019)
he called for a drastic reduction of the state and welcomed Benito Mussolini's rule as a transition to this minimal state so as to liberate the "pure" economic forces.
USFREEDOM911 (03-22-2019)
USFREEDOM911 (03-22-2019)
GET IT FOLKS?
he Proved mathematically that the natural state of an UNFETTERED MARKET produces a small elite that is very wealthy and a vast majority of poor and struggling humans
to him that was NATURAL AND BEAUTIFUL
sick huh
it happens to be the same thing the right wants for humankind
USFREEDOM911 (03-22-2019)
Our founders didn't agree with him
They created a Democracy that would allow more people to have decent lives
USFREEDOM911 (03-22-2019)
https://www.merriam-webster.com/dict.../laissez-faire
Definition of laissez-faire
1
: a doctrine opposing governmental interference in economic affairs beyond the minimum necessary for the maintenance of peace and property rights
argued that the problem with oil prices was too much laissez-faire
2
: a philosophy or practice characterized by a usually deliberate abstention from direction or interference especially with individual freedom of choice and action
the university has a policy of laissez-faire regarding nonacademic student activities
USFREEDOM911 (03-22-2019)
USFREEDOM911 (03-22-2019)
https://www.merriam-webster.com/dictionary/unfettered
Definition of unfettered
: free, unrestrained
unfettered access
USFREEDOM911 (03-22-2019)
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