I've mentioned before how the
Casino model of economics was one that dominates our world.
Except, in this casino (read: stock market),
the house is the only one that gets to bet.
It gets to make its own bets, and if it should happen to lose,
well! You'll pay for the damage.
Casino model of economics was one that dominates our world.
Except, in this casino (read: stock market),
the house is the only one that gets to bet.
It gets to make its own bets, and if it should happen to lose,
well! You'll pay for the damage.
The rest of us have moved on ... downward to
Carnival or Game show economics
In the Carnival system,
you have slanted odds,
no oversight,
and off-putting carney folk with six fingers.
Result: 96% of the time, you lose
In the Game show economic model,
you get chosen by the powers that be,
completely by chance. You could be an angel or
crooked bastard. It makes no difference.
You should be happy.
You get a chance at some really big money,
by having a talent, such as trivia knowledge
while everyone is languishing in
Diminishing-paycheck land, with hidden inflation
eating away at their purchasing power.
Now comes an even more
fatalistic gameshow
from Simon Cowell. Who else has the connections, you may ask.
In this game, it's just
a matter of choosing RED or BLACK.
That's it.
It's even simpler than that idiotic show
where you open boxes all day. "Deal or no deal"
[just shoot them all. There's a deal]
So, back to Simon's show
You just have people facing off and choosing a colour.
Then one person can walk away with a million pounds.
Just for choosing colours.
Those colours do remind me of a certain casino game.
For me?
"Put my whole life on RED 18"
£1m prize for Cowell game of chance
Wed 04 May 2:30 AM. By Press Association
..Simon Cowell's new show could make seven millionaires in a week - in a game of chance live on television.
Simon has joined up with Ant and Dec for the show, called Red or Black, which will be on ITV1 for seven nights later this year.
Thousands of contestants will have to choose red or black in a series of competitions which will reduce their numbers until only one person is left before they will play a final game with £1 million at stake.
Dec, who will co-host the show with Ant, said: "What's very exciting about it is they will either go home with a million pounds or they will go with nothing.
"It's all about luck, there's no skill or talent involved. You don't have to come and do a song or have a snake wrapped round your neck.
"You don't have to do any of that stuff, you just have to come on and if your luck holds out for 10 times in a row, if you are that lucky, you are walking away with a million pounds."
The X Factor supremo admitted the show was a risk and said programme makers would have to take out insurance in case seven people won and they faced a £7 million payout, but insisted it would be a success.
He said: "I'd love to take it around the world. I think the concept works, but it's a very expensive show to make. You can't do it small."
you have slanted odds,
no oversight,
and off-putting carney folk with six fingers.
Result: 96% of the time, you lose
In the Game show economic model,
you get chosen by the powers that be,
completely by chance. You could be an angel or
crooked bastard. It makes no difference.
You should be happy.
You get a chance at some really big money,
by having a talent, such as trivia knowledge
while everyone is languishing in
Diminishing-paycheck land, with hidden inflation
eating away at their purchasing power.
Now comes an even more
fatalistic gameshow
from Simon Cowell. Who else has the connections, you may ask.
In this game, it's just
a matter of choosing RED or BLACK.
That's it.
It's even simpler than that idiotic show
where you open boxes all day. "Deal or no deal"
[just shoot them all. There's a deal]So, back to Simon's show
You just have people facing off and choosing a colour.
Then one person can walk away with a million pounds.
Just for choosing colours.
Those colours do remind me of a certain casino game.
For me?
"Put my whole life on RED 18"
Cos67 ¬(%^D>
checkitout:Wed 04 May 2:30 AM. By Press Association
..Simon Cowell's new show could make seven millionaires in a week - in a game of chance live on television.
Simon has joined up with Ant and Dec for the show, called Red or Black, which will be on ITV1 for seven nights later this year.
Thousands of contestants will have to choose red or black in a series of competitions which will reduce their numbers until only one person is left before they will play a final game with £1 million at stake.
Dec, who will co-host the show with Ant, said: "What's very exciting about it is they will either go home with a million pounds or they will go with nothing.
"It's all about luck, there's no skill or talent involved. You don't have to come and do a song or have a snake wrapped round your neck.
"You don't have to do any of that stuff, you just have to come on and if your luck holds out for 10 times in a row, if you are that lucky, you are walking away with a million pounds."
The X Factor supremo admitted the show was a risk and said programme makers would have to take out insurance in case seven people won and they faced a £7 million payout, but insisted it would be a success.
He said: "I'd love to take it around the world. I think the concept works, but it's a very expensive show to make. You can't do it small."
