Traits and tendencies often found in the personality pattern that we call character: integrity justness honesty fairness rectitude diligence sense of honor carefulness high moral standards prudence conscientiousness restraint trustworthiness tidiness sense of duty willingness to accept blame courage principled conduct intelligence foresight common sense perseverance self-discipline stick-to-itiveness self-control determination self-denial unselfishness self-reliance seriousness self-sacrifice caution thriftiness chastity
Character provides stability and confidence. When character fails, there is uncertainty and fear.
The estimate of US GDP for the third quarter came in higher than expected at 3.9% vs. 3.7% expected.
And so stocks rallied, for a while. But the enthusiasm for a recovery faded badly into the late afternoon, as people took stocks of the state of the world, and what they can see with their own eyes: a recovery largely restricted to a few in the ruling class and financial interests, and a global slump of demand.
‘I am sure that God did not intend that there be so many poor. The class structure is our making and our consent, not His.'This passive-aggressive posture towards equities in general and risk in particular is because of the lack of reform to create a sustainable, stable recovery fueled by organic demand for growth based across a broader participation amongst the consumers.
You cannot have it both ways. You cannot subject the great part of a people to fear, repression, and enforced deprivation on one hand, and expect them to flourish and consume freely on the other.
“Capitalism is contradictory as soon as it is complete [unfettered]; because it is dealing with the mass of men in two opposite ways at once. When most men are wage-earners, it is more and more difficult for most men to be customers. For the capitalist is always trying to cut down what his servant demands, and in doing so is cutting down what his customer can spend… He is wanting the same man to be rich and poor at the same time.”
G. K. Chesterton
We are not a thing meant for the pleasure of another. We are made for joy, and all the fulfillment that it brings.
Have a pleasant weekend.