Apr

10

 The Airbnb Anti Asian prejudice story has much to do with the rise of Wall Street. The Dutch settlers like the commercial interests of today were only interested in greasing the wheels of commerce. They time and time again ordered the authoritarian governor Peter Styvesant to allow freedom of speech and freedom of religion so it would enhance the number of settlers and increase commerce so that the Dutch East India's revenues would rise. This is always the case. Commerce enhances freedom in all its forms.

A good enumeration of all the dutch did to make Wall Street the center of World Finance in the 17th century is contained in the excellent book Greater Gotham: A History of New York City from 1898 to 1919.


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3 Comments so far

  1. Anonymous on April 11, 2017 4:49 am

    The linked book is not yet released. Do you mean the first book in the series: Gotham: A History of New York City to 1898 https://www.amazon.com/dp/0195140494/ref=cm_sw_r_cp_api_5Fj7ybA31HW4C

  2. Josh on April 11, 2017 12:09 pm

    Dr. Niederhoffer
    With all of this overblown publicity surrounding United Airlines. Still waiting for your anti business retort concerning the airline incident or would this piece suffice?
    The airline was acting according to free market principles by maximizing gains and keeping cost down by. Allocating employees to where needed in most efficient manner and benefiting passengers with low airfares. Why are the populist so upset over one old man. You would certainly understand treatment of old man was necessary and called for as I am sure you would never act in such a matter if it was you!

  3. Josh on April 11, 2017 2:24 pm

    It really bothered me how the elderly man was treated by the airline, however, this gathering of great minds on DS has taught me to look at the facts and and apply a market analysis of the situation. Here is my observation, please critique my views, as I am just a young punk trying to learn and study from the masters.

    2 market lessons from UA incident:

    1. Market caps do not work:

    Interesting, that economy class is made up of various income levels, yet the $800 cash and a hotel room was not enough to motivate anyone to alter plans. However, in view of going though security and check baggage lines again, it is understandable. Obviously, the $800 self imposed cap on reimbursement was a big factor in preventing anyone to give up a seat.

    2. Perception that the elderly are a diminishing return:

    Four people were selected to removed from the plane. The two other people who were chosen to be voluntarily removed were elderly. I don’t think this was a random selection, but choose people who were perceived to be less likely impacted economically. (Of course this was a huge error, which is why I chose the word “perception”, I do not wish to disrespect the Dr. Niederhoffer or anyone else, just laying it out there)

    At a certain point in a person’s life society values them less. As the older you get the less your worth to society. This is the negative aspect of a capitalist system because it does not value past accomplishments , wisdom or experience, but how society perceives your capability at the moment. This is not as apparent in older societies such as the ones in Europe, Middle East and Asia.

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