Mind's Eye Re: Economic cycles

I am fantastic thx Neil. Even though I'm frustrated to see my hard saved cash being dwindled by bad economic policy and rampant monetary easing I'm aware that although the system is fixed it's still probably better then anything else economists could come up with. As an excersice in frustration, Neil, I suggest you take a long hard look at whatever solution you think you've discovered and then try to find loopholes and ways to cheat and so forth. Because we can damn well expect others to do the same as soon as it's implemented. I have noticed those shouting the loudest for "clean air" and "green energy" are often well invested in these areas. Their businesses get a half billion dollar "loan" from the government and then quietly go out of business 2 years later. Oops. On to the next project I can get subsidized by my friends in Big Government. Alls I'm saying is people will be people no matter the system. No matter how good something looks "on paper" we will find a way to take advantage. It's in our DNA. If we don't, we lose. We must balance opportunity with reward. Those with money will try to protect it and those without will try to take it. We have moved so far from actually EARNING our money it's depressing. Even some of the most talented and brilliant among us are more interested in figuring out ways to change or cheat the system for their own benefit over just working to create or improve things. I know I sound like a broken record with this but I really believe modern tech. with instantly uploadable pix and video to the interwebs and the mass spread of info has the capability to totally transform charity and welfare. It allows us to get inside a person's house, their neighborhood, their job and see their personality, their drive(or lack thereof) and their struggles/disability. We as a people are underusing this resource. Sorry about the rant. 

On Saturday, May 3, 2014 5:45:42 PM UTC-5, archytas wrote:

I was going to wrote something serious on money and inequality in the next few months.  What has put me off is most of it has been said.  This is typical of the information I was collecting:

'Banking was conceived in iniquity and was born in sin. The Bankers own the earth. Take it away from them, but leave them the power to create deposits, and with the flick of the pen they will create enough deposits to buy it back again. However, take it away from them, and all the great fortunes like mine will disappear and they ought to disappear, for this would be a happier and better world to live in. But, if you wish to remain the slaves of Bankers and pay the cost of your own slavery, let them continue to create deposits'.

Sir Josiah Stamp. He was president of the Bank of England in the 1920's, and the second richest man in Britain at that time.

​The madness, as a scientist, is that we have not developed 'modern money', that is applied to projects we should do - the obvious being major efforts to green the planet and remove poverty from the work equation.  I doubt this would be difficult if we had democratic politics.  These days it's less socialism and theory and more about technology and agreements to do things in full employment.  There are some theories about - the current American one is called MMT - modern monetary theory and this involves job guarantee.  I just don't think it's theoretical in this way.  We've lost the democratic plot and the ability to challenge basics like motivation to work and what I call the 'groaf, jawbs. contrakshun' fallacy.

 

Apart from the obvious drift on nearly all money to a tiny few and now massive involvement of crime and Ponzi financing, we seem to have lost the plot on capacity.  Very little of what we have built ever makes money in the sense a successful restaurant does.  Railways are a classic.  We have somehow got confused that we need the same money to invest in restaurants and green power stations.  This does not have to be the case and is down to our welfare sponsorship of the banks.  We could agree big green projects across the planet using entirely different money.  This would not entail giving up sovereignty, but would mean a change in what we think trade agreements are and our stupid fixation on something called comparative advantage.

Hope you are well Don.

On Monday, 28 April 2014 05:04:34 UTC+1, Don Johnson wrote:

It is my belief we are behaving like human beings. Greed is in every culture. We may dress it up prettily and call it ambition or drive if we like but humans have at heart their own self-interest. Protecting family and friends is inherently self-protective as well. I think there are far too many poeple that see the world as an extended family. While this may be true genetically these folks are making a horrible mistake if they think even 15% of the rest of the world thinks this way as well. Where is Glasnost now?

dj

On Sunday, March 30, 2014 10:39:35 AM UTC-5, Allan Heretic wrote:

I have been thinking about what is happening  and history seems to always be repeating itself,  self correcting the course of humanity.

Looking at society it seems that we have developed a culture of extreme greed..  am wondering where the course is going to change to.

--

 (   Matrix  :  The Soul controls the Body
  )             :  Do No Harm
|_D Allan

Life is for moral, ethical and truthful living.

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