Mind's Eye Re: Radical banking

It is also bribery by entitlements for votes-overextended bureaucracy-
degradation of work and nobly acquired wealth/property- theft by
redistribution- loopholes- uncivil politics- false standards and
aspirations- etc. How do you define work?

On Oct 30, 7:36 am, archytas <nwte...@gmail.com> wrote:
> A waiter in Rome explained where the 100 Euros our meal for two went -
> there were three tiers of owners before he talked about tax!  Very
> little of our money is invested in productive organisation rigsy - as
> low as 15%.  The rest is in a bloat system to do with speculation on
> very ordinary stuff like our houses and property - even this would be
> OK if the financiers weren't dipping this aspect of our collective
> wallet.  My guess is the real cause of current problems is the
> detachment of work from wealth and some general problems similar to
> the waiter's complaint on the number of rents to pay.
> Current thinking has most of the bloat system as a Ponzi scheme based
> on inflation replacing new investor money in the traditional scheme or
> pyramid.  The Japanese went into it long before we did because of land
> restrictions.  It was the mid-eighties when I was there and people
> were buying options on as yet and never to be built golf courses and
> mortgages were often three generations long.
>
> The big economics term is 'rent' - but this really means 'accumulated
> rip-off privilege' (or idlers) as in the waiter's complaint.  Some
> companies I worked for were so dumb they didn't even do overnight
> banking - though one notes the banks were smart enough not to offer it
> and take the profit themselves.  Economics is like trying to do
> biology from Aristotle - stuck in the non-modern.  It would be
> interesting to take Don's (say) views I mostly agree with apart - our
> system is not based on such sound sense - it just pretends to be.  We
> all lack the facts that would make for really practical discussion.
> We could have banking without rich bankers - you could soon manipulate
> the spreadsheets I use - the problem is you/we can't get the data that
> matters because it's already over-theorised to somewhere south of
> Hell.  I have never found the work as complex as my role in getting a
> bit of a ship built.
>
> In the end, my suspicion is economics really is war by other means and
> we are too scared to form a system that is honest.  We cope with
> phlogiston theory instead.  Unless I find some new work in the next
> couple of months I'll be working with Saudis - 99% of that will be
> wasted!
>
> On 26 Oct, 14:28, rigsy03 <rigs...@yahoo.com> wrote:
>
>
>
> > What about radical spending/debt? What about the non-reward for
> > saving?
>
> > Lawns should be outlawed and probably will be when clean water is
> > precious and rare. I refuse to make coffee from recycled urine or
> > other recycled waste water but...the spirit is willing but the flesh
> > is weak.
>
> > On Oct 23, 7:13 pm, archytas <nwte...@gmail.com> wrote:
>
> > > Banking is estimated to contribute between 8 and 14% of UK GDP.  It
> > > will be smaller in most other countries, but is still held to be
> > > vital.  I doubt the figures but this doesn't really matter  At 14%
> > > banking matches manufacturing contribution in the UK.
>
> > > In a business account we always want to reduce bank charges to a
> > > minimum.  Financial services are a cost to be reduced to minimum.  I
> > > can never see why we have fallen for the idea that moving money around
> > > has anything to do with a productive economy.  We would hardly
> > > organise hard work like clearing farm land by matching the number of
> > > us breaking our backs with a similar number of bankers sitting in
> > > armchairs.
>
> > > I tend to think banking is just a front for organised thieving.  We
> > > cut out all kinds of management and jobs in manufacturing and it's
> > > hard to see how piling bank buildings high with staff makes any
> > > sense.  In science we generally try to reduce resources going into
> > > control to a minimum.  We need some radical ideas on how Al Capone is
> > > getting away with all the banking going on.  My guess is banking is
> > > really just a tax mechanism we don't get to vote for.- Hide quoted text -
>
> - Show quoted text -

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