The Momentum of Conventional Wisdom

I have people come up to me and say OK Mr. Buckett, if this idea is everything that you seem to think it is, why haven’t economists like say Allen Greenspan, Milton Friedman, Paul O’Neil, or John Kenneth Galbraith embraced the ideals of Binary Economics and Capital Homesteading And to tell you the honest truth, I had exactly the same questions when I was first run over by KelsoAdler’s Capitalist Manifesto. I mean to me, it was so obvious and blatantly right that I wanted to know why in the world the experts hadn’t picked up on it, implemented it, and made the world a better place

But the more I looked at the situation, and the more knowledgeable friends I talked with, the more I began to understand why the experts WILL BE THE LAST ONES to tune into and endorse this incredible, but highly unconventional idea, regardless of how great it is. The reason is that they have far too much invested in conventional wisdom (far too much to lose) to ever embrace an idea as revolutionary as this. Even if they see it clearly, which most of them don’t, their conventional lock step prevents them from even talking about such things in public.