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Showing posts with the label anti-woke

Decision Making as Output and Bounded Rationality

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  The classical economics theories proceed on the assumption of rational agents. Rationality implies the economic agents undertake actions or exercise choices based on the cost-benefit analysis they undertake. The assumption further posits that there exists no information asymmetry and thus the agent is aware of all the costs and benefits associated with the choice he or she has exercised. The behavioral school contested the decision stating the decisions in practice are often irrational. Implied there is a continuous departure from rationality. Rationality in the views of the behavioral school is more an exception to the norm rather a rule. The past posts have discussed the limitations of this view by the behavioral school. Economics has often posited rationality in the context in which the choices are exercised rather than theoretical abstract view of rational action. Rational action in theory seems to be grounded in zero restraint situation yet in practice, there are numerous restra
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Woke Protests and the Olympics

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  Sports and politics are hardly divorced from each other. Each can be a means to achieve an intended objective. To Hitler and his Nazis, the 1936 Olympics was an instrument to tell the world their alleged superiority. There were open voices of racism through that Olympics. In 1972, Palestinian terrorists killed ten Israeli sportsmen after kidnapping them from the Olympic village. The treatment of Blacks in South Africa was not merely confined to sports but in fact sports played a major role in aggravating and later elimination of racism. The 1986 Commonwealth Games in Edinburgh were boycotted due to the British policy on South Africa as did the African countries in the 1976 Olympics due to New Zealand rugby tour to South Africa. The 1970 ban on South Africa in cricket was caused by their refusal to allow to Basil D’Olivera, a coloured cricketer in the England cricket team. In 1968 Olympics at Mexico, Tommie Smith and fellow medalist John Carlos raised a black gloved fist when the US n
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The Consequences of Woke Individual Liberalism

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The piece Diminishing Returns of Woke highlighted the counter reactions emerging towards imposition of wake culture. Political backlash is pretty visible, the backlash is spreading down to lower echelons of the society. Yet instances are being reported of woke liberals engaged in a witch hunt on the deviants from the alleged woke line. The case of an Ola driver to doctor in Kerala to an earlier instance of chef in the Gulf are pointers towards ‘micro-Dreyfuses’. An unpopular view of the same, however unfortunate it might be, is there will be victims of this battle. Foot-soldiers often pay the price and perhaps of higher magnitude in relative terms. Yet the cost of witch hunt would be significantly higher for woke liberals. To a woke liberal, long run success would be of conversion of ordinary human towards their side and if not at least not push him or her to the other side. This collective interest is at odds with the individual self-interest of woke liberal. He or she wants t
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