I recently did an experiment. I cheated in a monopoly game. I wanted to examine the extent to which undue advantage such as embezzlement/inheritance influenced economic outcomes relative to chance and initiative. I ended up building 2 hotels before the others could build a house (CAPITAL ACCUMULATION).
It got to a place where, I stopped accepting rent from players that landed in the hotels. I instead offered to wipe away their debt in exchange for their land, which was sometimes only a quarter of the debt owed (ASSET-PRICE INFLATION).
The other players could not outbid me for the land as the owner owed me too much (BARGAINING/MARKET POWER).
The more land I got, the more I built. I was barely using the money I had. If I landed in their owned properties, the other players were more willing to overlook what I owed them because after every round I awarded each of them about $50 just to keep them in check (SOCIAL CAPITAL).
And every time I did, I sang about how generous I was (POLITICAL LEGITIMACY).
By the end of it, I owned all land. Had 5 hotels, across 5 prime lands (ASSET CONCENTRATION).
I came to the conclusion that unless by some miracle, you cannot outwit a flawed economic system. Undue advantage has a better compounding influence on positive economic outcomes than initiative and chance (OUTLIERS).
I recently did an experiment. I cheated in a monopoly game. I wanted to examine the extent to which undue advantage such as embezzlement/inheritance influenced economic outcomes relative to chance and initiative. I ended up building 2 hotels before the others could build a house (CAPITAL ACCUMULATION).
It got to a place where, I stopped accepting rent from players that landed in the hotels. I instead offered to wipe away their debt in exchange for their land, which was sometimes only a quarter of the debt owed (ASSET-PRICE INFLATION).
The other players could not outbid me for the land as the owner owed me too much (BARGAINING/MARKET POWER).
The more land I got, the more I built. I was barely using the money I had. If I landed in their owned properties, the other players were more willing to overlook what I owed them because after every round I awarded each of them about $50 just to keep them in check (SOCIAL CAPITAL).
And every time I did, I sang about how generous I was (POLITICAL LEGITIMACY).
By the end of it, I owned all land. Had 5 hotels, across 5 prime lands (ASSET CONCENTRATION).
I came to the conclusion that unless by some miracle, you cannot outwit a flawed economic system. Undue advantage has a better compounding influence on positive economic outcomes than initiative and chance (OUTLIERS).
I applied for a job today at 11:30am whose deadline was still today at 5pm
They got back to me at 1:30pm telling me to go for the interview in Masaka Friday 9am 😂😂
The way they’re so desperate, I can’t even waste my time going there 💀👐🏾
“If you compare yourself with others, you may become vain or bitter, for always there will be greater or lesser persons than yourself. Enjoy your achievements as well as your plans”.
- Desiderata
Never translate internet proximity to offline realities. Build from your reality
Uganda ranking as one of the most entrepreneurial countries globally is essentially about us being bayiribi, yes? Nothing groundbreaking but kuyiriba here and there? Or always in survival mode?