Re: Mind's Eye turning the world Greek

I call these types "paper pushers"- living off the efforts of others
just because they know how to do the paperwork- like brokers and
lawyers.

On Sep 11, 2:42 pm, archytas <nwte...@gmail.com> wrote:
> Rentiers are those who benefit from control over assets that the
> economy needs to function, and who, therefore, grow disproportionately
> rich as the economy develops. These proceeds are rents – revenues from
> ownership "without working, risking, or economizing", as John Stuart
> Mill (1848) wrote of the landlords of his day, explaining that "they
> grow richer, as it were in their sleep". Classical economics from Adam
> Smith onwards analysed rents, its effects, and policies towards rents,
> but the very concept is lost on today's economics.Just as landlords
> were the archetypal rentiers of their agricultural societies, so
> investors, financiers and bankers are in the largest rentier sector of
> today's financialized economies: finance controls the economy's engine
> of growth, which is credit in all its forms. Economies obviously need
> banking services, insurance services, and real estate development and
> so, of course, not all of finance is "without working, risking, or
> economizing". The problem today remains what it was in the 13th
> century: how to isolate what is socially necessary for 'retail'
> banking – processing payments by checks and credit cards, deciding how
> to relend savings and new credit under normal (non-speculative)
> conditions – from extortionate charges such as 29% interest on credit
> cards, penalty fees and other charges in excess of what is socially
> necessary cost-value.
>
> Demographically, the effect of debt deflation is emigration and other
> negative effects. For example, after Latvian property prices soared as
> Swedish bank branches fueled the real estate bubble, living standards
> plunged. Families had to take on a lifetime of debt in order to gain
> the housing that was bequeathed to the country debt-free when the
> Soviet Union broke up in 1991. When Latvia's government imposed
> neoliberal austerity policies in 2009-10, wage levels plunged by 30
> percent in the public sector, and private-sector wages followed the
> decline (Sommers et al 2010). Emigration and capital flight
> accelerated: the Economist (2010) reported that an estimated 30,000
> Latvians were leaving every year, on a 2.2m population. In debt-
> strapped Iceland, the census reported in 2011 that 8% of the
> population had emigrated (mainly to Norway).
> Read more athttp://www.nakedcapitalism.com/2012/09/getting-economics-to-acknowled...
>
> Greece is just one example of what may befall us all.  I'm past caring
> on a personal basis and even scared that most of what I would see as a
> solution was actioned by the Nazis.  We need something to replace the
> rich, but this can't just be a change of faces.
>
> On 11 Sep, 08:57, Allan H <allanh1...@gmail.com> wrote:
>
>
>
> > yeah we need a "universal party of amnesia" we could make it world wide and
> > run on everything the other parties forgot they tried..
> > Allan
>
> > On Mon, Sep 10, 2012 at 10:56 PM, archytas <nwte...@gmail.com> wrote:
> > > The scary thing about most of the solutions in our politics is they
> > > have been tried before and failed.  Most of us have forgotten or never
> > > knew.
>
> > > On 10 Sep, 13:05, archytas <nwte...@gmail.com> wrote:
> > > > Some of the issues facing us can be found here -
> > >http://www.zerohedge.com/news/americas-middle-class-divide
>
> > > > Greece and probably Italy would have become communist after WW2 - but
> > > > for Anglo-Saxon interference.  International money has escaped even
> > > > war reparation and the whole business of working for a living is
> > > > undercut by vast riches.  The real issue is about retaining motivation
> > > > to get the work we need done done.  I find the financial system
> > > > utterly demotivating.  The answer isn't communism.
>
> > > > It doesn't seem to matter much whether money is focused on a few rich
> > > > or centralised government.  The problem is the corruption of the
> > > > oligarchs or politicians.  Yet try getting people to organise to do
> > > > necessary work and you soon realise this is a process of coercion.
> > > > The idea has to be to spread wealth widely - yet even this leaves us
> > > > with problems of consumption and planet burning as we all become
> > > > middle-class idiots or irresponsible carbon-footprint breeders.
>
> > > > On 9 Sep, 22:46, archytas <nwte...@gmail.com> wrote:
>
> > > > > I rather like some Marx and Lenin Don.  Our kids are being cloned in
> > > > > other ways.  I broadly agree though - but jobs as we knew them are
> > > > > gone.  The current con is about 'working smart' and further and higher
> > > > > education providing training for that.  In round 1924 the Germans
> > > > > sacked 25% of State workers and underwent massive bankruptcies.  The
> > > > > US lost 10 million jobs in the depression - most ending up in a vast
> > > > > military mobilisation.  I suspect you and I see freedom as linked to
> > > > > productive work, but this needs reworking.
>
> > > > > I'd cut the school-leaving age to 14 and introduce a new form of
> > > > > national-international service.  I'd scrap universities as we have
> > > > > them now and introduce 7 years free post-14 education for anyone
> > > > > wanting it.  I'd expect most of this to be non-classroom and project-
> > > > > related.  It would be good to give up to notions of people just being
> > > > > able to earn money, but I think this has always been organised.  Every
> > > > > scheme we come up with brings up control problems, either by
> > > > > government or the rich.
>
> > > > > On 9 Sep, 18:31, Vam <atewari2...@gmail.com> wrote:
>
> > > > > > I can see the dissipation of the crux, as I read in the thread...
>
> > > > > > Evidence of what is subversive includes facts like the US spending
> > > 54% of tax revenue on war program and Rupert Murdoch's 175 media units
> > > voicing in unison that Iraq war was right.
>
> > > > > > Clearly, I am speaking of the system, order and economics. We are
> > > back to franchise barriers open only to millionaire 'gentry.'
>
> > > --
>
> > --
> >  (
> >   )
> > |_D Allan
>
> > Life is for moral, ethical and truthful living.
>
> > I am a Natural Airgunner -
>
> >  Full of Hot Air & Ready To Expel It Quickly.- Hide quoted text -
>
> - Show quoted text -

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