Greedy Capitalism is in the past.

[Pat494]

There is a very well explained video by a reformed Capitalist on the new outlook for prosperity.
https://www.youtube.com/watch?v=th3KE_H27bs

 

[new_trader]

"Learning" about economics from a TED talk...what a joke!

Here is where you need to go: Mises Institute

 

[Pat494]

"Learning" about economics from a TED talk...what a joke!

Here is where you need to go: Mises Institute

No joke !
the Mises Institute is the world's leading supporter ( or so they claim ) of the ideas of liberty and the Austrian School of economics. The Austrian School was dominant years ago, but a bit passe these days. Things may have moved on nowadays. No longer are the fatcats at the top grabbing most of the company's value leaving little for the workers and shareholders.

 

[Pat494]

The new mantra is inclusiveness. That means not leaving certain sections of the public out in the cold while the usual lot are lining their own bank accounts with ever more money.
To obtain a team effort as many as possible must be onboard and rewarded.

 

[Pat494]

Well Corbyn has finally emerged from his shell to slag off the super rich. bad landlords etc.
He may now call himself a Socialist but of course he is still just a creature of the Union bosses living it up in rent free mansions.
Anyone for croquet ?

 

[0007]

A new kind of capitalism - or any other moral code for that matter? What on earth makes anyone think that human nature has/will change – it hasn't done since time immemorial!

 

[Pat494]

I have no problem with the rich being wealthy as long as the poor of the country are not desperately poor. This would apply to many tin pot republics where the local dictator lives in luxury while the majority starve. Spread the wealth around imho. Britain just avoided a revolution in the past by giving just enough to the many poor to avoid complete revolution. Sods like Ceausescu tried to stay in power by force and was deposed with force. Roll on inefficient democracy, it has its merits bumbling along at snail's pace.

 

[new_trader]

I have no problem with the rich being wealthy as long as the poor of the country are not desperately poor. This would apply to many tin pot republics where the local dictator lives in luxury while the majority starve. Spread the wealth around imho. Britain just avoided a revolution in the past by giving just enough to the many poor to avoid complete revolution. Sods like Ceausescu tried to stay in power by force and was deposed with force. Roll on inefficient democracy, it has its merits bumbling along at snail's pace.

You are just rambling and it's painfully obvious you don't understand even basic economics. Not to worry though, Youtube can help.

 

[Pat494]

I understand very well what a cruel and heartless system extreme capitalism is.
It's people that are important. Extreme capitalism is only concerned with money. EC ravages the planet's natural resources and fouls up the atmosphere with greenhouse gases. There is enough to go around as long as the few are not hogging such a large share for themselves and delivering mere crumbs for the less fortunate. I see tough times ahead as people are increasingly being replaced by machines. One can't eat gold etc.
Have some feelings for your fellow man or suffer the results. Look after our only planet and nurture it, it's all we have.

 

[timsk]

You are just rambling and it's painfully obvious you don't understand even basic economics. . .

Poor ol' Pat; he's gonna start to think that everyone's getting at him as I've made similar comments about him on his 'ART - not just pretty pics' thread!

Chin up Pat - we love you really!