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.

 

[redsamurai]

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

and where did i state the Fed wasn't a scam? The Fed chairman is "allegedly" appointed by the POTUS but then he's unaccountable to the govt forever after. And besides, this isn't about the govt. What kind of justification is that btw? Because there's corruption in govt that somehow makes LIBOR less scandalous? What LIBOR proved is that these guys made the rules up, literally pulled them out of their ass. So why does anyone anywhere on the planet have to really abide by them?

 

[redsamurai]

Cite a free market system that had systemic exploitation.

U.S, South America, South Africa, Asian continent. How far do you want to go back? Look up what was happening in China prior to Mao.

 

[Mr. dB]

Cite a free market system that had systemic exploitation.

How about the "Chilean Miracle"? There's an example of how deregulation works.

The Chicago School assholes should have been taken out and shot for that little experiment, it was a crime against humanity.

 

[javaguru]

Loaded question, never has been a free market implemented; The government was involved in everything you mentioned.

That means cartels and rent seeking; One of the worst phrases is "public private partnership." It means a government cartel will soak the taxpayers for all losses while privatizing profits.

 

[redsamurai]

technically you're correct java, a completely free market is one with absolutely ZERO govt. Which also means no state and local. My best friend went to the mises institute so I've seen every argument you're making, infact you're using the same word phrases. It's part of their own brand of brainwashing. The societal upheavel that would stem from a complete lack of any govt whatsoever would be quite astonishing if it were implimented. The wild wild west would return. I'm a seccessionist so the federal govt can go jump off a bridge to me, but i'm not about to say that local and state govt should be disbanded cause they actually do shit that matters. I've seen the mises manifesto btw, owning the airspace above your property...owning a section of the road that passes your property.....I mean go to the badlands in afghanistan or africa if you want to see how that shit pans out. Remember in the last Rambo when the pirate boat luanched on them cause they had the audacity to sail by without paying their respects? Wild west right htere.

 

[guesswhoisback]

Glad to see MrDb is still around....same avatar in fact.

 

[Mr. dB]

Glad to see MrDb is still around....same avatar in fact.

Clyde the Cat will have his 18th birthday sometime this month.

 

[javaguru]

technically you're correct java, a completely free market is one with absolutely ZERO govt. Which also means no state and local. My best friend went to the mises institute so I've seen every argument you're making, infact you're using the same word phrases. It's part of their own brand of brainwashing. The societal upheavel that would stem from a complete lack of any govt whatsoever would be quite astonishing if it were implimented. The wild wild west would return. I'm a seccessionist so the federal govt can go jump off a bridge to me, but i'm not about to say that local and state govt should be disbanded cause they actually do shit that matters. I've seen the mises manifesto btw, owning the airspace above your property...owning a section of the road that passes your property.....I mean go to the badlands in afghanistan or africa if you want to see how that shit pans out. Remember in the last Rambo when the pirate boat luanched on them cause they had the audacity to sail by without paying their respects? Wild west right htere.

You realize the murder rate in the average "Wild West" town was much lower than the murder rate in NYC and Chicago? I'm not an anarcho-capitalist. However, you own your land which means eminent domain wouldn't exist in my world. In the late 1800's railroads were built with easements, paying someone to use their property.

Afghanistan had a government before the US invasion; The Taliban and more importantly tribal leaders that use the Taliban to maintain their control.

A better example of a stateless society...
Medieval Iceland and the Absence of Government - Thomas Whiston - Mises Daily

"Medieval Iceland provides evidence that they can be privately provided, without violating anybody's rights, and the results were not chaos. There was not continuous fighting. The "Hobbesian Jungle" didn't create a state of nature that was a war of all against all, where life was nasty, brutish and short. In comparison to many governments in the 20th century, medieval Iceland could be a much safer place to live.

In a stateless society, men are selected according to their ability. Status, money, power, and greed, everything that the advocates for a strong central government stand for are not prerequisites for leaders. The worst are not selected to get on top. The men chosen in a stateless society are chosen because they are entrepreneurs, and those entrepreneurs who best satisfy consumer demands will be the ones whose agencies grow. In a stateless society, the only person who is "King" is the consumer."

 

[javaguru]

Clyde the Cat will have his 18th birthday sometime this month.

Happy b-day to Clyde.

Shelagh was always adopting stray cats, I agreed to accept a jet black one on the condition I could name him Mephistophefleas.