The coming plutocracy

[redsamurai]

yes wall street is so overregulated, those poor guys....it's gettin to be you can't call up a ngr overseas anymore and just pull an industry fixed (supposedly) figure out of your ass and change it to what you like....oh wait..

The LIBOR scandal: The rotten heart of finance | The Economist

Libor scandal - Wikipedia, the free encyclopedia

 

[javaguru]

yes wall street is so overregulated, those poor guys....it's gettin to be you can't call up a ngr overseas anymore and just pull an industry fixed (supposedly) figure out of your ass and change it to what you like....oh wait..

The LIBOR scandal: The rotten heart of finance | The Economist

Libor scandal - Wikipedia, the free encyclopedia

Banking is the most regulated industry with the most government involvement and has been in the United States since the Fed was established at the beginning of the 20th century; If you had listened to the Rothbard lecture I posted....

Maybe you should google the term "regulatory capture."

 

[UA_Iron]

So Facebook,Apple,Microsoft,and Intel have been decreasing prosperity and quality of life in the United States? I wouldn't have a job but for unregulated capitalists like Steve Jobs and Bill Gates.

Government regulated industries have been losing jobs for decades.

They exploit where they can... IE China. Foxconn city. 250k workers in that city. A lot of people at these companies in the US are liaisons for the production and developmental that goes on over there. I've been involved in this farming out of low end assembly and production jobs (but even design and other very technical fields...).

yeah i've worked on 3 different organic farms. When i was in In the farmer took me to his fields next door that he bought from his neighbor that went under, the fields had been run nonstop for a long time. We took a couple shovel fulls out and he showed me the difference between that soil and his. He did this cause i asked what the big deal about GMO's were, why were they necessary. Well....when you're growing out of that kind of shitty soil that's what you need.

i'm hoping to sell my condo in 2 years or less and move out of the city to get a small plot with good soil.

Organic farming? Who gives a fuck? Have you run the numbers how this will pay off as investment? probably not, this sounds like an emotional decision more than anything. Organic foods are a crock of shit, at least all the non-protein areas of organic farming. I prefer my greens juiced to the fucken gills, while meats really should be free roaming eating their natural diet etc - ultimately it comes down to the fat content blah blah.

I've been drinking, so I'm gonna be an asshole... way to be ambitious, become a farmer of niche foods in a shitty economy where people arent gonna buy it 'cause its stupid expensive.

 

[javaguru]

They exploit where they can... IE China. Foxconn city. 250k workers in that city. A lot of people at these companies in the US are liaisons for the production and developmental that goes on over there. I've been involved in this farming out of low end assembly and production jobs (but even design and other very technical fields...).



Organic farming? Who gives a fuck? Have you run the numbers how this will pay off as investment? probably not, this sounds like an emotional decision more than anything. Organic foods are a crock of shit, at least all the non-protein areas of organic farming. I prefer my greens juiced to the fucken gills, while meats really should be free roaming eating their natural diet etc - ultimately it comes down to the fat content blah blah.

I've been drinking, so I'm gonna be an asshole... way to be ambitious, become a farmer of niche foods in a shitty economy where people arent gonna buy it 'cause its stupid expensive.

You're using loaded terms like "exploitation." Free markets don't "exploit." The first company I worked for in software engineering specialized in process improvement and disaster recovery; I was billed at over $100.00 an hour doing disaster recovery for Fortune 1000 companies that thought an Indian start up could design a high end extensible system for 1/10th the cost.

 

[UA_Iron]

You're using loaded terms like "exploitation." Free markets don't "exploit." The first company I worked for in software engineering specialized in process improvement and disaster recovery; I was billed at over $100.00 an hour doing disaster recovery for Fortune 1000 companies that thought an Indian start up could design a high end extensible system for 1/10th the cost.

replace exploitation with 'utilization'

I was copying redwhatever's wording.

 

[brownbrown]

You're using loaded terms like "exploitation." Free markets don't "exploit." The first company I worked for in software engineering specialized in process improvement and disaster recovery; I was billed at over $100.00 an hour doing disaster recovery for Fortune 1000 companies that thought an Indian start up could design a high end extensible system for 1/10th the cost.

LOL @ referring to "Free Market" like it's some Magical thing that can do no wrong and always works out to a perfect outcome...
LOL that "Free Market" = "Perfect"

LOLOLOL

 

[redsamurai]

Banking is the most regulated industry with the most government involvement ."

apparently not enough mate.

 

[redsamurai]

Free markets don't "exploit."

of course the free markets "exploits"....what planet are you living on and how did you tap into our internet?

 

[javaguru]

apparently not enough mate.

You realize the "Libor Scandal" is exactly what the Fed does. Fraud is fraud even when it's a pseudo government agency.

You can't regulate crime, Bernie Madoff was investigated six times by the SEC because of "whistle blowers" and every time they game him the divine proclamation from the government that his impossible returns were real which created more enthusiasm for his investment fund which sucked in more investors for his ponzi scheme.

 

[javaguru]

of course the free markets "exploits"....what planet are you living on and how did you tap into our internet?

Cite a free market system that had systemic exploitation.