The Delightful Nobel Prize Folly
Everyone has known how silly the Nobel Peace Prize is. It is frequently awarded to people who've been horrifically violent yet have recently announced how much less violent they will be, or to people who contribute to the enablement of others' violence by offering up mealy-mouthed "peace" language to disguise their ineptitude, or to people who've done absolutely nothing but appear as quite nobly valiant racialist crusaders, such as Barack Obama in 2009. Such is the World System's grand institutionalized virtue signaling program. I also pay attention to a bit of the Nobel Prize in Economics, which was awarded this morning. It too has a reputation for foolishness, probably the most notable example is the one given to Myron Scholes in 1997, the guy who helped set up the genius Black-Scholes investment formula that was the linchpin in the notorious torpedoing of Long-Term Capital Management sinking to the bottom of the financial world investments amounting to ...