Page added on March 1, 2020
In 1933, ground-breaking British economist John Maynard Keynes wrote: “[Individualistic capitalism] doesn’t deliver the goods. In short, we dislike it and we are beginning to despise it. But when we wonder what to put in its place, we are extremely perplexed.”
At that time, the world was deep in the Great Depression. But it is a sentiment shared by many attendees at last month’s 50th Annual Meeting of the World Economic Forum.
In the world of investment, those 50 years have been defined by two dominant ideas. First, from a corporate perspective, that shareholder interests matter above all others; and second, from an economic perspective, that the relationship between money supply and inflation is a stable and predictable one. Those ideas, largely established by Nobel Prize winning economist Milton Friedman, have come into question in recent times. Once again, we are “extremely perplexed”.
You only have to look at the headlines of other articles to get a sense of it.
Klaus Schwab, executive chairman of the World Economic Forum asks “What kind of capitalism do we want?” while Nobel Laureate Joseph Stiglitz poses the question: “Is growth passé?”
Such fundamental questions have no easy answers. But to find out where we’re going, we should take a look at where we’ve been.
Economics is the science of scarcity.
Friedman’s ideas solved the scarcity problems of his day – a lack of price stability and the difficulty of accessing financial capital. By bringing inflation under control and freeing up the flow of capital, he made them less scarce.
The world has made undeniable strides in the past half century. We have fed and clothed most of a world population: Malnutrition has plummeted and living standards have risen.
But the cost has been high. We have choked the oceans with plastic, burned our forests and altered climate patterns. As a consequence, we have changed the nature of scarcity.
Now positive yield, societal stability, and environmental capital are scarce. These are things that Friedman might have considered inexhaustible. But they, too, have their limits.
The certainties of previous age have given us a conundrum today: the prices of financial assets have risen steadily, the world is running out of things that we need, and yet we are struggling to dispose of the things that we don’t.
Paradoxically, this has led to both the economic fear that growth will soon come to an end, and the ecological fear that it will not.
As investors, we must adapt to the realities of today. We have to re-imagine what defines economic success. That is where the concept of the circular economy comes in.
Circularity means moving from a linear world in which we make, consume and then dispose of products, to one where waste can be fed back into the system as a raw material. Success isn’t just measured by growth. It’s measured by effective re-use. Eventually, this shift won’t be a matter of choice. History is littered with species and civilisations that stayed linear and ran out of road.
Just 9 per cent of the world’s economy can now be considered as circular – being recycled and re-used. However, this new economic philosophy is beginning to take hold in the minds of policymakers and the public.
Today’s young are weighed down with concerns about whether there will be a planet left to inherit from their parents. They will ask questions like why, when 92 per cent of cars in Europe are empty and parked at any one time, according to an HSBC research note, people don’t just share.
Just as consumers are asking questions about the sustainability of their own habits, so investors must ask questions about which business models are best placed to weather this change.
Since Friedman developed his ideas in the early 1970s, the role of corporations has transformed. As a result, even the chief executives of the world’s biggest companies have said that running them solely for the benefit of equity owners is no longer an option.
Businesses don’t exist in isolation – they have multiple stakeholders, from employees, to the communities in which they work and the planet as a whole.
Our job will become less about finding the best short-term returns and more about discovering sustainable businesses and industries in which to invest.
Shareholder value is still a vitally important driver of corporate behaviour but it is not the only one that matters when you look at the longer-term horizon.
The circular economy is a starting point to help solve today’s problems of scarcity.
Our capital markets will increasingly reward companies and investors that are positioned to rise to the challenge.
Anne Richards is chief executive of Fidelity International
66 Comments on "Scarcity and growth: Our world’s contradictory terrors"
DT on Sun, 1st Mar 2020 6:59 pm
an industrial civilization that is based on last minuet inventory is bound to fail. At some point a single glitch of the most seemingly insignificant can bring the entire system down. For the want of a nail.
Zeke Putnam on Mon, 2nd Mar 2020 8:42 am
Milton Friedman who turned neoliberal ideas lose on the world. Not regulation of anything and business can do as it pleases as long as profit is made. Let business rule the world. People starve, too bad. No health care, too bad. My read is his concept, in the blunt form, let the masses starve as long as money is being made. Yep, looks like a success story to me.
Sissyfuss on Mon, 2nd Mar 2020 8:53 am
In the Limits to Growth era we find ourselves in there are wars and rumors of wars throughout the planet, and economic, war, and climate refugees on the move and increasing. The reality of overshoot leading into the bottleneck is being ignored by the elites but the youth see what their future is likely to be and many are losing hope. It is a time for degrowth and living within the biospere’s means. But the rapacious naked ape rushes forward blindly as he has done in the 200,000 years of his existence. He is at once, the most successful creature in Gaia’s inventory and the most suicidal and homicidal. And is not changing as he proceeds towards his reckoning.
makati1 on Mon, 2nd Mar 2020 4:29 pm
Sissy, contraction/degrowth will kill capitalism of all kinds. How can corporations grow if there is no growth in consumption? What a shock to the oligarchs! Their mansions become shelters for the homeless and their jets are grounded for lack of funds. Aww! (sark)
The West is moving into a new world. A world never seen before, where the future is NOT going to get better and better. Where survival is the main goal of life as with the other six plus billion humans today. Bring it on!
Davy on Mon, 2nd Mar 2020 6:24 pm
“How can corporations grow if there is no growth in consumption?”
obviously dumbass never ran a business or worked for a business or he wouldn’t talk out his ass so much. He is just a nail pounder pretending to be a professor.
Professor J. Averill Snoopington, IV on Mon, 2nd Mar 2020 8:16 pm
Davy,
A good cornholing or a brisk cornhusking would do wonders for your frame of mind.
May I respectfully suggest a visit to the public restrooms in Forest Park? You know, where you met that ebony twink who was painting your toenails as you regained consciousness after passing out from too much Ripple.
We have a LONG memory of your comments from a few years ago.
Duncan Idaho on Mon, 2nd Mar 2020 8:24 pm
Psychiatrist sounds the alarm about ‘sociopath’ President Trump: ‘He’s getting worse’
https://www.alternet.org/2020/02/psychiatrist-sounds-the-alarm-about-sociopath-president-trump-hes-getting-worse/
Could the Fat Boy get worse?
world grater supremacist muzzies on Mon, 2nd Mar 2020 10:11 pm
Professor J. Averill Snoopington, IV on Mon, 2nd Mar 2020 8:16 pm
Davy,
A good cornholing or a brisk cornhusking would do wonders for your frame of mind.
supertard der, plase be respectful of supertard
world supremacist muzzies assn on Mon, 2nd Mar 2020 10:23 pm
Muzzies killed 4 French cops
Cops loved muzzie 1000x
Paris: Muslim who fatally stabbed four cops ran web search on “how to kill infidels” an hour before rampage
MAR 2, 2020 3:00 PM BY CHRISTINE DOUGLASS-WILLIAMS
Theedrich on Tue, 3rd Mar 2020 11:33 am
A “circular economy” is a circular firing squad. CEO Anne Richards, authoress of the above scribble, is, like most wealthy elites, convinced of her own omniscience, not to mention being invincibly ignorant of physics. In her view and that of elites in general, technofantasy will save the world. Gail Tverberg’s sober analyses (see her “Recession Ahead” discussion of last December) play no part in Richards’ simplistic projections. These assume that the solution is “discovering sustainable businesses and industries in which to invest.” As if such businesses and industries will magically appear in a world with fewer resources, lower wages, overwhelming pollution, White Christian genosuicidism and more stupidity.
Dream on, Annie.
JuanP on Tue, 3rd Mar 2020 11:41 am
“Gov. Cuomo Confirms 2nd Covid-19 Case In New York, Warns Virus Likely “Spreading In Communities”; Italian Death Toll Passes Iran: Live Updates”
https://www.zerohedge.com/geopolitical/washington-ramps-testing-beijing-adopts-new-travel-bans-globally-cases-pass-90000-live
“Patient No. 2 is a Westchester lawyer from New Rochelle who commuted into Manhattan for work every day and recently visited Miami…”
JuanP on Tue, 3rd Mar 2020 11:43 am
“BBC Publishes Leaked Iran Footage Showing Bagged Bodies Of Covid-19 Victims Piling Up”
https://www.zerohedge.com/health/bbc-publishes-leaked-iran-footage-bagged-bodies-covid-19-victims-piling
“More shocking leaked footage published by the BBC shows bodies piling up at a local morgue in Qom, said to be victims of the country’s spiraling coronavirus outbreak. Located 140km to the south of Tehran, Qom is the epicenter of Iran’s epidemic, and crucially is a popular place of Shia religious pilgrimage. Mideast-based correspondent Joyce Karam comments of the newly published video: “If these are confirmed to be from Corona as videos claim, death toll is higher than the government claims (officially at 77).”
Duncan Idaho on Tue, 3rd Mar 2020 11:44 am
Strange day at the Dog Track.
The Fed reduced, market still down.
Fat Boy and the Thugs are trying to keep the ponzi going—
JuanP on Tue, 3rd Mar 2020 11:58 am
“New York Emergency Room Doctor: There Will Be “Thousands” Of Confirmed Cases In The U.S. “By Next Week””
http://endoftheamericandream.com/
“Dr. Matt McCarthy, a staff physician at New York-Presbyterian Hospital, just went on national television and warned that there will be “thousands” of confirmed coronavirus cases inside the United States “by next week”. I certainly hope that he is completely wrong, but obviously he has a better vantage point for observing the progression of this outbreak than any of us do. As an emergency room doctor in New York, he is dealing with potential COVID-19 cases every single day. And as you will see below, he says that he has had to “plead to test people” and that it is a “national scandal” that more people have not been tested.”
ANSAL REAPER on Tue, 3rd Mar 2020 12:00 pm
Looks like the virus is going to be killing blue state people. That is definitely poetic justice for the skumbag liberals and their globalism.
JuanP on Tue, 3rd Mar 2020 12:18 pm
“As Coronavirus Spreads, Iranian Doctors Fear the Worst”
https://foreignpolicy.com/2020/03/03/iran-coronavirus-spreads-sanctions-covid19-iranian-doctors-fear-worst/
“Iran is often described as an isolated country, but the spread of the coronavirus has made clear that the Islamic Republic is less isolated than often assumed. Iran’s significant trade links with China, where COVID-19 originated, left the country vulnerable to the spread of the virus. The outbreak in Iran is one of the world’s largest, with more than 2,300 confirmed cases and 77 declared deaths. Many of the first cases registered in other places—including Iraq, Lebanon, Georgia, Qatar, New Zealand, and even New York—are attributable to individuals who had traveled from Iran…The combination of Iran’s physical interconnectivity and its relative political and economic isolation pose unprecedented challenges for international public health. The first two weeks of Iran’s coronavirus outbreak have been similar to those in other countries. Authorities were slow to take measures such as closing of schools and universities and canceling of public gatherings, including briefings and government meetings that contributed to the infection of numerous officials.”
Duncan Idaho on Tue, 3rd Mar 2020 12:33 pm
Dow 30
26,022.57
-680.75(-2.55%)
The Fat Boy and the Thugs should act.
They had a good day yesterday.
I know their talent is ripping people off, but even these idiots should b able to do something.
FuelShortageComing on Tue, 3rd Mar 2020 12:50 pm
The Orange orangutan must be freaking out right now his, fat nose stick to his phone watching the Dow go down. He probably descending into madness as Dow descends into nothingness.
Expecting him to tweet his madness for all the world to see
Duncan Idaho on Tue, 3rd Mar 2020 1:30 pm
Dow 30
25,732.57
-970.75(-3.64%)
Come on Fat Boy!
The Dog Track is looking bad– that good day yesterday is fast disappearing—
Let’s not think about last week.
More Lunatic Davy ID Fraud on Tue, 3rd Mar 2020 1:33 pm
JuanP on Tue, 3rd Mar 2020 11:41 am
JuanP on Tue, 3rd Mar 2020 11:43 am
JuanP on Tue, 3rd Mar 2020 11:58 am
ANSAL REAPER on Tue, 3rd Mar 2020 12:00 pm
JuanP on Tue, 3rd Mar 2020 12:18 pm
world grater supremacist muzzies assn on Tue, 3rd Mar 2020 2:23 pm
supertards
please change your underware. i changed mine after 5 days. my goal is 4 and 100 pairs so i don’t have to do laundry often
please search rapamycin and dogs on youtube. it’s exciting news
thanks me for tard research
supertards
please respect supertard
world supremacist muzzies assn on Tue, 3rd Mar 2020 2:27 pm
supertards
more supremacist muzzies hisbut tahir said kill jahud until jahud hides behind the gauarda tree.
but i can’t say amputate all muzzies?
yeah i can. the other day another hisbut tahir muzzie in illinois say conquer the west
world supremacist muzzies assn on Tue, 3rd Mar 2020 2:43 pm
i’m disappointed little big brother joe supertard has no reaction to death of whitey supertard philip haney. may he rest in peace
better watch out for those two FGMs NASTY in congress. they may go “inner struggle”. check for suicide vests.
Abraham van Helsing on Tue, 3rd Mar 2020 3:27 pm
“As Coronavirus Spreads, Iranian Doctors Fear the Worst”
Bit too much of a coincidence… China, Iran.
world supremacist muzzies assn inc on Tue, 3rd Mar 2020 3:36 pm
supertards
pleae change ur underwear after 5 days
my goal is 4 and 100 pairs so i don’t have to do laundry often
world grater supremacist muzzies bag day feb12021
Davy on Tue, 3rd Mar 2020 3:51 pm
“Schiff: We’re On The Precipice Of A Much Larger Crisis”
https://tinyurl.com/qtv666m zero hedge
“The market was priced for perfection and clearly we’re not going to get that. But the larger economic issue is not the coronavirus itself. If the US economy were fundamentally healthy, this virus wouldn’t make it sick. The problem is the Federal Reserve has kept interest rates so low for so long to artificially stimulate the economy, that it has inflated a gigantic bubble, and the coronavirus may be the pin. But the problem is not the pin, but the bubble that the pin pricks.”
“Sure, the president wants to keep the bubble inflated long enough to get reelected. But if you remember, when he was a candidate and Obama was still in office, he was very critical of Janet Yellen doing political things. Look, everything the Fed has done since the 2008 financial crisis has only exacerbated the problems that created that crisis, which is why we’re on the precipice of a much larger one and why the pricking of this bubble is so risky. And if the Fed, of course, goes back to the drawing board and just cuts rates again, all it’s doing is throwing gasoline on the fire that it lit.”
“Look, the Chinese government is not responsible for our massive budget deficits, our trade deficits, the fact that the Fed has inflated a stock market bubble or a bond market bubble. We’ve done this stuff to ourselves. We have pursued these policies that have left our economy so vulnerable. I mean, we have nothing saved for a rainy day and now even if we get a drizzle we have a crash.”
Abraham van Helsing on Tue, 3rd Mar 2020 3:52 pm
Tucker Carlson: US showing first signs of disintegration:
https://youtu.be/VjzRgX263WU
What will happen in the rest of the world if the US would disintegrate:
https://youtu.be/Pz75UgJRSaw
Our thoughts and prayers go out to joe esquire, who feverishly anticipates the disintegration of the EU, where in reality, behind his tiny back, his beloved Batman USA is stumbling.
What is little Robin going to do without Uncle Sam?
world grater supremacist muzzies assn inc on Tue, 3rd Mar 2020 4:15 pm
200 million muzzies in india living on jizya
muzzies have pakistan and bangadesh they shuld go there
when will dotsheads fight back? amputate all muzzies
muzzi in ilinoois said alah grant caliphate conquer america and rome
muzzie in some ME helhole said same thing
muzie Said Khecharem, a member of Hizb ut-Tahrir in Tunisia,said to conquer everything
Duncan Idaho on Tue, 3rd Mar 2020 4:15 pm
“Biden is so far to the right, he makes Nixon look like Trotsky. Heck, he makes Calvin Coolidge look like Trotsky.”
And Trotsky wasn’t exactly on the left.
makati1 on Tue, 3rd Mar 2020 4:36 pm
I hope you all have a comfortable seat and some snacks for the new circus act in Amerika. The Caronavirus elephant is starting its act in the center ring.
Ignore the tens of thousands of annual flu deaths and the wars of choice in the ME in the other two rings. They’re not important to the MSM now. They needed a bigger distraction from the US’ collapse. Enter the caronavirus elephant. It’s getting all the action.
The Dem clowns will still try for attention, but they are already quitting the election circus one by one. And, Trump is still trying to blow up the Stock Market Casino with his hot air. Pun intended.
Buckle/Mask up and pass the peanuts. The virus show is just starting in the US!
Abraham van Helsing on Tue, 3rd Mar 2020 4:47 pm
BBC Newsnight busy sinking the bully Pretty Patel.
Go for it, Beeb!
Duncan Idaho on Tue, 3rd Mar 2020 4:51 pm
“Open the pod bay doors Hal, its time to turn off the machine.”
Abraham van Helsing on Tue, 3rd Mar 2020 5:13 pm
BBC – ZOG-UK has invited serial war criminal David Frum to comment super tuesday.
The frumpster pretends he is a Reps but does everything to sabotage Trump.
The International Frum has only one concern: bring the US gov back under deep state control:
https://forward.com/fast-forward/360702/david-frum-donald-trump-worse-than-slaveholders/
Davy on Tue, 3rd Mar 2020 6:39 pm
“Bit too much of a coincidence… China, Iran.”
To a person that peddles fantasy sure you would think that way but when reality testing you see that the Chinese are all over Iran. WOW, you are getting mindless like juanPee and makato1.
this is juanPee not Davy on Tue, 3rd Mar 2020 6:41 pm
Davy on Tue, 3rd Mar 2020 3:51 pm
“Schiff: We’re On The Precipice Of A Much Larger Crisis”
Davy on Tue, 3rd Mar 2020 6:44 pm
“I hope you all have a comfortable seat and some snacks for the new circus act in Amerika. The Caronavirus elephant is starting its act in the center ring.”
We have been watching Asia and Europe’s circus act makato so the US one will be less exciting.
“Ignore the tens of thousands of annual flu deaths and the wars of choice in the ME in the other two rings. They’re not important to the MSM now. They needed a bigger distraction from the US’ collapse. Enter the caronavirus elephant. It’s getting all the action.”
Makato tell us all about AsiaUp nonsense again. LMFAO
“The Dem clowns will still try for attention, but they are already quitting the election circus one by one. And, Trump is still trying to blow up the Stock Market Casino with his hot air. Pun intended. Buckle/Mask up and pass the peanuts. The virus show is just starting in the US!”
You are first in line makato we are just following. The worst place to be will be the P’s once the virus moves around unimpeded.
Davy on Tue, 3rd Mar 2020 6:46 pm
“Tucker Carlson: US showing first signs of disintegration:”
lol, cloggo, Eurasia is where the excitement is at. You and dumbass makato are blind and lying to yourselves.
Duncan Idaho on Tue, 3rd Mar 2020 7:03 pm
415 — Egypt: During this month Hypatia gets her come-uppance. First known “notable” woman mathematician murdered in Alexandria, by christians in an anti-pagan pogrom. Propagandist for the elitists Plato & Aristotle who rejected the real world, the real world intrudes.
JuanP on Tue, 3rd Mar 2020 7:17 pm
Florida Governor Declares State of Emergency
https://moneymaven.io/mishtalk/economics/florida-governor-declares-state-of-emergency-XSAep6fPGkCjfTKyDZMvLw
“Florida’s Department of Health (FDOH) says it is working to confirm two cases of the coronavirus in the state Sunday evening. In a tweet, the agency says two adults – one in Manatee County, the other in Hillsborough – are being isolated and cared for. The patient from Hillsborough county has a history of traveling to Italy, according to health officials. They say the patient out of Manatee county did not travel to any of the restricted travel areas identified by the CDC. FDOH says it is working to contact, isolate and monitor people who could have come into contact with both patients. Governor Ron DeSantis has declared a public health emergency in response to the announcement. “I have been working with federal partners and our Department of Health to ensure that communities are ready to handle the challenges presented by COVID-19,” DeSantis said. “The dedicated professionals at our county health departments, as well as those working at local medical providers, are well equipped to address these and future cases.”
ANSAL REAPER on Tue, 3rd Mar 2020 7:18 pm
juanPee, I thought you said the China virus would not make it to Florida because it is a warm climate? Looks like you are wrong again
makati1 on Tue, 3rd Mar 2020 7:19 pm
Davy, you ASSume that to be so but the Amerikan show is just beginning. China and the rest of Asia will be just fine when the dust settles. Not so the YUGE Debtor US. It is already on the slide to the 3rd world. This will just add grease.
You can sling all the goat shit you want but it doesn’t change anything in the real world. The one you do not inhabit in your mind. I read that panic is setting in in the ‘land of the lost’ called Amerika. Bare shelves, and the show is only beginning. JIT buying of groceries on the way home from work, for supper, doesn’t work when the SHTF and the shelves are bare. Preppers will have the last laugh.
If you think anyone here is in agreement with your warped Sinophobe view of the world, you are even more delusional. Without your sock puppets, you have no “team”. You are nothing.
Davy on Tue, 3rd Mar 2020 7:28 pm
“Davy, you ASSume that to be so but the Amerikan show is just beginning. China and the rest of Asia will be just fine when the dust settles. Not so the YUGE Debtor US. It is already on the slide to the 3rd world. This will just add grease.”
Makato, you are dellusional and mindless. No doubt the US is entering the game but you are there makato. Asia is dumping as we speak. It is well ahead of the game. Poor makato stuck in an Asian 3rd world country with no family, friends, or money. Poetic justice for sure. You deserve any pain and suffering ahead, makato.
“You can sling all the goat shit you want but it doesn’t change anything in the real world. The one you do not inhabit in your mind. I read that panic is setting in in the ‘land of the lost’ called Amerika. Bare shelves, and the show is only beginning. JIT buying of groceries on the way home from work, for supper, doesn’t work when the SHTF and the shelves are bare. Preppers will have the last laugh.”
I m prepped makato but you are not. The reason you are not is because you live in an Island nation of 100MIL that must import food and supplies. You are not self-sufficient and you are poor. Oops the sad truth is hard on the makato
“If you think anyone here is in agreement with your warped Sinophobe view of the world, you are even more delusional. Without your sock puppets, you have no “team”. You are nothing.”
I have been the one in the right here and you have been wrong consistently makato. What a dumbass. You are the fool that said the flu is so much worse and not to worry about Asia. Oops what a fuck up
world grater supreamcist muzzies assn inc on Tue, 3rd Mar 2020 8:09 pm
above is supertard obv.
pls respect supertrd
world grater supremacist muzzies bag day feb2021
world grater supreamcist muzzies akbar sayeed day who used low english consistent with the way supreamcist muzzies regard infidels on whitey supertard b= john brady to commit suicide.
world grater supremacist muzies inc com on Tue, 3rd Mar 2020 8:55 pm
mjzzie shot up ariana grande concert
aniana grand loves muzzies 1000x
y?
world grater supremacist muzies bag day feb12021
world grater supreamcist muzzies assn inc on Tue, 3rd Mar 2020 9:13 pm
ariana grande loves muzzies afer her concerted was bombed Y?
students love muzzie akbar sayeed want to throw muzzie off building ot test newton laws
Y?
no understand
Davy on Tue, 3rd Mar 2020 9:17 pm
Hi Juan. Old freind.
You gonna stick around for the US collapse? Or you gonna get out while the gettins still good?
Our widdle Italy backup backfired on us REAL bad. Looks like we gots to ride out the collapse in are monestary of doom. With all of them millions of other dumbasses. Nice noing yah. Our relations coulda been so much more better.
world grater peoples trial of global muzzies for murder then amputated all muzzies on Tue, 3rd Mar 2020 9:17 pm
whiey supertad pilip haney wants to start people’s trial of global muzzies and killed
Y?
Davy on Tue, 3rd Mar 2020 9:40 pm
“juanPee, I thought you said the China virus would not make it to Florida because it is a warm climate?”
We said that ANSAL REAPER. not juanpee
stupid
makati1 on Tue, 3rd Mar 2020 9:50 pm
Davy, same old putdowns. Same old ineffectiveness. Yes, I am old. I will celebrate my 76th birthday this summer. You will never see that age, and will likely suffer from all the unhealthy things you have done to your body over the years before you die. I look forward to at least another decade or two. You will be lucky to see 2030. LOL
You know that the Amerika you wave the bloody terrorist flag for,is dying. Must be terrible to be stuck between a rock (US) and a hard place (dying Italy).
Your delusions and hypocrisy are flashing red lights to all here. You live in Davyland, not the real world.
Another beautiful day here in the land of eternal summer. Sunny and 87F with the birds singing and a gentle breeze blowing across the porch. I can occasionally hear karaoke from the local community center. A good day. ^_^
Davy on Tue, 3rd Mar 2020 11:17 pm
Wow. just cus yer a older wiser and weigh more intelligent American then us. It doesnt meen yer smart makato. We gots us more smarts and culture and stuff in are tiny widdle peepee then you gots in yer hole body.
dumbass