Winners Want Others To Win

“3% is the zero-sum threshold above which unemployment starts undermining the Market--and the loss in income to the Market is compounded exponentially with each percentage point of increase in unemployment, above 3%”. Further, unemployment is a “social” problem—with oft dire social consequences---we, as the larger society have a responsibility to address—but we run from this responsibility as if it were AIDS….So, why do we stay on this “no win” path? The jobless lose, and the market loses—and the purpose, here, is to drill down on that question. For starters, and in taking stock, a large part of the problem is that we keep trying to make anachronistic beliefs/rules apply, by our experts and laymen, alike--such as the most pernicious belief today: “The market can provide anybody wanting a job, with a job”….