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OT: Money! What is it? What does it mean to you?

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john.k

Diamond
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Dec 21, 2012
Location
Brisbane Qld Australia
I see an interesting vid online about Fink and Blackrock...claimed BR is 40% of the GDP of the US,and they have a deal with the fed since 2019 to buy the assets of failed banks for 8c on the dollar............they did the same in the GFC ,deal with the fed ,and made billions from it.
 

BoxcarPete

Stainless
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Nov 30, 2018
Location
Michigan, USA
No, what we have is the end game. It's purely and simply down to the pursuit of profit at the exclusion of everything else, this profit then buys the politicians, the media, funds lobbying groups, funds massive losses to eliminate competition etc, etc, etc. We are at the point where the net worth of some individuals is greater than the GDP of some countries, where startups can sustain losses of $100,000,000's/year to crush the competition. This is it, corporate panacea.

I don't think we disagree about the problems we are facing. Seems it's just an issue of semantics. I believe a market economy is the freest and most ethical system, and once we have large amounts of the bolded stuff from your post going on, we have departed from a market economy because state actors can interfere with things on behalf of their buddies who give them lots of money. Now we have a system of "capitalism" that in my opinion barely even deserves the name, so I suppose that's where we differ. It's nearly impossible to sustainably crush your competition repeatedly without hiding behind a regulatory shield or getting bailed out when you stumble. We are reaching the end game of something, with fusion of state and corporation, and it does in fact kind of scare me.

We could argue semantics all day, but the reality is that wealth inequality is worse today than it ever was at the peak of robber barons, and the forecast from here ain't looking pretty either.
 

Milland

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Jul 6, 2006
Location
Hillsboro, New Hampshire
Perhaps if we didn't vote in the people who are in the pockets of Big Business and Big Money we'd have less money and power being sucked from the poor and middle classes, and a bit more equitable distribution to the bulk of Americans?

BTW, using hitler as a touchstone for what's going on now is bizarre and in very poor taste to say the least. But some will do what they do to meet their own needs, won't they? It's not just money that drives people mad...
 

john.k

Diamond
Joined
Dec 21, 2012
Location
Brisbane Qld Australia
Whats happening now is similar to what happened 130 years ago......the trusts established monopolies.............back in the day a few brave politicians fought the trusts ,and were able to dismantle them..........I doubt that will happen again.
 

Freedommachine

Stainless
Joined
May 13, 2020
I don't think we disagree about the problems we are facing. Seems it's just an issue of semantics. I believe a market economy is the freest and most ethical system, and once we have large amounts of the bolded stuff from your post going on, we have departed from a market economy because state actors can interfere with things on behalf of their buddies who give them lots of money. Now we have a system of "capitalism" that in my opinion barely even deserves the name, so I suppose that's where we differ. It's nearly impossible to sustainably crush your competition repeatedly without hiding behind a regulatory shield or getting bailed out when you stumble. We are reaching the end game of something, with fusion of state and corporation, and it does in fact kind of scare me.

We could argue semantics all day, but the reality is that wealth inequality is worse today than it ever was at the peak of robber barons, and the forecast from here ain't looking pretty either.

Well said pete. In general I believe you are both working to convey the same point. I agree though, unfettered capitalism would imply that there is no thumb on the scale.


BTW, using hitler as a touchstone for what's going on now is bizarre and in very poor taste to say the least. But some will do what they do to meet their own needs, won't they? It's not just money that drives people mad...

Millie, I agree with you in principle but you're missing the point. Forget Hitler and all his genocidal proclivities. I am saying that the social and economic decisions made by the national socialists - as well as the method of implementation - is parallel to what we see today.

I am not saying that genocide OR race based socialism is the guaranteed outcome. It is merely an observation and comparison of social and economic control tactics from one ideologically driven generation to another.
 
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Milland

Diamond
Joined
Jul 6, 2006
Location
Hillsboro, New Hampshire
Milland, I agree with you in principle but you're missing the point. Forget Hitler and all his genocidal proclivities. I am saying that the social and economic decisions made by the national socialists - as well as the method of implementation - is parallel to what we see today.

I am not saying that genocide OR race based socialism is the guaranteed outcome. It is merely an observation and comparison of social and economic control tactics from one ideologically driven generation to another.
I think this is madness, and utterly removed from reality. But enjoy your conspiracy, I'm sure it comforts you.
 

standardparts

Diamond
Joined
Mar 26, 2019
Perhaps if we didn't vote in the people who are in the pockets of Big Business and Big Money we'd have less money and power being sucked from the poor and middle classes, and a bit more equitable distribution to the bulk of Americans?

BTW, using hitler as a touchstone for what's going on now is bizarre and in very poor taste to say the least. But some will do what they do to meet their own needs, won't they? It's not just money that drives people mad...
"Perhaps if we didn't vote in the people who are in the pockets of Big Business and Big Money"
About the only way to not vote for a candidate not influenced by big money and big business is to....not vote.
And that goes for either of the two ruling political parties.
 

Milland

Diamond
Joined
Jul 6, 2006
Location
Hillsboro, New Hampshire
"Perhaps if we didn't vote in the people who are in the pockets of Big Business and Big Money"
About the only way to not vote for a candidate not influenced by big money and big business is to....not vote.
And that goes for either of the two ruling political parties.
There's getting poked with a stick. And then there's getting blasted with a howitzer. I think there's a difference between the two party's principals, and gradations within the candidates themselves.

You can vote for the guys who remove rail safety measures and Dodd-Frank. Or you can vote for the guys who passed that legislation. Doesn't seem like a "both sides" to me...
 

standardparts

Diamond
Joined
Mar 26, 2019
There's getting poked with a stick. And then there's getting blasted with a howitzer. I think there's a difference between the two party's principals, and gradations within the candidates themselves.

You can vote for the guys who remove rail safety measures and Dodd-Frank. Or you can vote for the guys who passed that legislation. Doesn't seem like a "both sides" to me...
Well you started with "Big Business and Big Money" and now, somewhat predictably segue to a new topic, rail safety and Dodd-Frank.
 

Milland

Diamond
Joined
Jul 6, 2006
Location
Hillsboro, New Hampshire
Well you started with "Big Business and Big Money" and now, somewhat predictably segue to a new topic, rail safety and Dodd-Frank.
No, they're perfectly inline with this attempt at conversation. You said the two parties are identical. I brought up recent and relevant reasons/events to show there's clear differences.

The Repugs removed rail safety legislation. Bang, we get East Palestine. The Repugs revoked D-F. Bang, we get bank failures because the banks are allowed to take excess profits rather than ensure the availability of funds and keep them secure.

Those are FUNDAMENTAL differences!
 

standardparts

Diamond
Joined
Mar 26, 2019
No, they're perfectly inline with this attempt at conversation. You said the two parties are identical. I brought up recent and relevant reasons/events to show there's clear differences.

The Repugs removed rail safety legislation. Bang, we get East Palestine. The Repugs revoked D-F. Bang, we get bank failures because the banks are allowed to take excess profits rather than ensure the availability of funds and keep them secure.

Those are FUNDAMENTAL differences!
Well there you go, Republicans caused the train wreck and bank failures.
 

john.k

Diamond
Joined
Dec 21, 2012
Location
Brisbane Qld Australia
Interesting play of big money buys governments here right now........the gambling lobby (slots) buys what they want .....there has been a push for plastic card only (no cash) gambling for years ,strongly resisted by the lobby .......now both sides in the coming state election have comitted to card only ...........or they had as of two weeks ago........now one side says 'we will have a trial on a few machines ,and assess the results'
 
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