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I just came across this term and sort of like the idea.
YoYo stands for "you're on your own". Which I think is a pretty good way to look at things....self-reliance. I think the concept dovetails nicely with US culture and society, which is more about individualism and lone wolfs vs "the group" (or 'the herd').,,in otherwords I think we are a YoYo Society, so YoYo Economics would be the expected way to approach economic topics.
So basically, "life sucks, so we should organize our society as to make it suck worse". Is that the idea? Why should we be in favor of this?
I agree. I think we should coin the term "life-is-not-fair fallacy" for this line of thinking. The mere existence of a problem is not by itself reason to allow it to get worse, and this is what people miss when they commit the life-is-not-fair fallacy.
In a sense, though, it's just a certain type of "naturalistic fallacy" , i.e. "it is, therefore it ought to be".
I agree. I think we should coin the term "life-is-not-fair fallacy" for this line of thinking. The mere existence of a problem is not by itself reason to allow it to get worse, and this is what people miss when they commit the life-is-not-fair fallacy.
In a sense, though, it's just a certain type of "naturalistic fallacy" , i.e. "it is, therefore it ought to be".
There's already a term, it's called a "Just World Fallacy".
The problem I have with most YoYo proponents is that they seem to have this nasty habit of being unwilling to admit to the reality that unfortunate circumstances are not always due to a lack of effort, work ethic, or motivation but sometimes due to legitimate, honest, and unforeseen bad luck.
I believe in bad luck. In fact, I consider myself quite unlucky -- if one were to assume that luck is distributed normally, I would rate myself as being about 3 standard deviations away from the median -- and unfortunately for me, it is on the wrong side of that median. In fact, a famous set of sci-fi novels had as premise that aliens intervened on Earth and, unbeknownst to us, engaged in a selective breeding experiment where they attempted to create a strain of super-lucky homo sapiens.
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