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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Personal Finance / Macroeconomic Trends & Risks
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Author: OrmontUS   😊 😞
Number: of 4460 
Subject: The importance of being Ernest - The US problem
Date: 04/08/25 5:06 PM
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Borrowing from "GH" on another board:

Helen Mirren once said: Before you argue with someone, ask yourself, is that person even mentally mature enough to grasp the concept of a different perspective. Because if not, there's absolutely no point.

A corollary:

A couple of months ago I was on a cruise ship off the South African coast. One of the guest speakers was an investigative journalist who had held the South African government's feet to the fire. As she was explaining the challenges of working under a populist, egotistic president (Jacob Zuma) who had wrested power from the judiciary and who had associated with corrupt oligarchs (the Guptas). At that point, a handful of Americans loudly got up and left the auditorium. They then went to the ship's captain and complained that the speaker had maligned US President Donald Trump.

Since the speeches are all recorded, I re-watched it later in my cabin. Not only didn't she mention President Trump, but never mentioned the US (or any government other than South Africa).

Ever since, I have been wrestling with how to define the level of "doublethink" which would cause someone to be insulted/aggravated by a speaker assigning a set of attributes to someone they may never have heard of which, subconsciously, they associated with their leader - yet found it necessary to protect him from those very attributions.

Heck, I'm an engineer not a shrink, but there must be some official name for this sort of reaction (Stockholm syndrome?).

When I was in business, all of the chips I was placing on the table came out of my pocket. Similarly, the chips I bet in the "Wall Street Casino" are mine. Long ago, I decided that emotions were my enemy as were subjective feelings fostered by uncertainty, political stupidity and so on. Much of my wife's family perished during the first half of the 1940's in Europe and for as long as I can remember we have structured our finances to be "portable" in case the "it can never happen here" happens. We are still; far from what I would call a tipping point, but it is clear that our country is now marching to a significantly different beat than it has been for the past few generations and both the rule of law and the rules of economics have been jettisoned.

Jeff

References:

en.wikipedia.org - Presidency of Jacob Zuma
en.wikipedia.org - Gupta family

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