Professor Elam

Monday March 1 2010

We made the observation that Facebook is all bout individuals. As the bear market intensifies, people will exclude others and turn inward. We see this is union demands for salaries and benefits that has people rioting in Greece. Now Congress is toying with granting 'tribes to be determined' in Hawaii their own tribal status. This turns out to be very important as if one is tribal one is eligible for benefits not available to non tribe members. Hmm, does this allow one to go into the casino gambling business I wonder?

At any rate, as this WSJ  article indicates, there are lots of 'tribes' around that could conceivably organize to the benefit of themselves. Such action is polarizing and leads to what is called Balkanization, named for the strife seen in the Balkan nations that recently split Czech into six nations. As I have said, the New Civil War continues.