The Trap of Compound Interest: Many view compounding as beneficial because interest earned is reinvested to increase profit. However, for those who are in debt, compound interest can increase the burden, leading to even greater losses. This effect disproportionately harms poor people, who often pay higher costs and face greater opportunity costs than the wealthy. While compounding enhances gains for those profiting, it intensifies harm for those losing money. This structure benefits the powerful, as the rules are designed by those in power. As a result, the desire for power can drive people toward questionable actions. - Joseph’s “just my thoughts”
Before the high level of civilization, human life was tribal. However human beings were needed for the large-scale labor force for industrialization, so people were gathering in the cities for a living. That was the detribalization. These days when we are developed by social media, people are used to selectively make a relationship with those who have similar philosophies and preferences. Rather, the new media makes the retribalization in different meanings. Therefore, now human relationships are becoming more important the interests and preferences. When choosing to make a relationship, people gather according to their preferences. Communication is narrower and more easily ostracized. - Joseph’s “just my thoughts”