Jesus Christ: You can’t impeach Him and He ain’t gonna resign.
Posted on 06/16/2015 2:17:57 AM PDT by Cincinatus' Wife
"In game theory and economic theory, a zero-sum game is a mathematical representation of a situation in which each participant's gain (or loss) of utility is exactly balanced by the losses (or gains) of the utility of the other participant(s). If the total gains of the participants are added up and the total losses are subtracted, they will sum to zero. Thus cutting a cake, where taking a larger piece reduces the amount of cake available for others, is a zero-sum game if all participants value each unit of cake equally (see marginal utility). In contrast, non-zero-sum describes a situation in which the interacting parties' aggregate gains and losses can be less than or more than zero. A zero-sum game is also called a strictly competitive game while non-zero-sum games can be either competitive or non-competitive. Zero-sum games are most often solved with the minimax theorem which is closely related to linear programming duality, or with Nash equilibrium...."
Meh, being against a horrific deal is a far cry from being against freetrade. Nice try Salon.
Trying to pose a problem in a sterile academic case environment where one can assume there are no non-parameterized influences is hardly justification for taking that result out into the real world and using it to guide your actions. It's mental masturbation.
The fact is that Reich's simple word problems aren't and can't be applicable because of any number of things: accompanying policy, political goals, subversive goals (Obama's case), adversarial relationships within the country, punitive taxation policies, income redistribution, largesse, crony influence and any number of undefinable impacts. It just isn't possible, because the DISTRIBUTION part (actually, the REDISTRIBUTION part) isn't based on just one common factor that is easily understood.
When you’re on the same side as Robert Reich and his fellows, you might be doing it wrong.
http://www.freerepublic.com/focus/bloggers/3299719/posts?page=15#15
Reich is...., well, let’s just say, he’s not very bright, or honest.
Dead wrong Mr. Reich.
They - both sides - just don’t trust Obama to negotiate a fair deal.
We really need a deal to stop the spread of China’s influence. With this President, won’t get done. Will have truly negative implications over the long run.
Agree. Also, IMHO, free trade doesn't work with countries who have centralized government control of labor costs and who subsidize their own industries, even at a temporary loss, to flood foreign markets and put foreign competitors out of business. IMHO both political parties are culpable for what's happened to our foreign trade, for different reasons.
Uh, the public has never been behind Obamacare, and the Obama of a few years ago rammed that through, so yeah, Obama is weaker now by Reich's reasoning.
Jesus Christ: You can’t impeach Him and He ain’t gonna resign.
His game reminds me of an old joke. A peasant finds a magic lamp and a genie appears. He offers him one wish. The peasant says, “My neighbor has a goat, and every day he has fresh butter and cheese. My goat died last winter, and now if I want butter and cheese I have to buy it from him. It isn’t fair.”
“So what is your wish?”
“I want you to kill his goat.”
That’s right; that is why we are losing to Red China. Americans will either settle for a bowl of soup for work, or they will be unemployed.
We can’t blame the rest of the world for us overtaxing and overregulating industry here.
This doesn't prove that Reich's students aren't envious or spiteful. It proves that they prefer to CALL their envy and spite by a nicer name.
Taxing and regulating is not why all the jobs are moving. It is simply a matter of wages. You never hear about executive positions being moved to low cost areas though do you.
Good one.
I wonder where Reich got the “imaginary” $1K that he “gave” to each of the two groups?
Free money?
btw - I guess investment, overhead, taxes, etc doesn’t enter into his “simple game.”
Reich is teaching them to be good little SJWs (social justice warriors).
Countries involved in TPP:
United States, Australia, Brunei Darussalam, Chile, Malaysia, New Zealand, Peru, Singapore, Vietnam, Canada, Mexico and Japan.
China was deliberately excluded as a means of economically strengthening other Pacific rim nations and pushing back on China.
That’s a good thing.
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