Economy

News & Views on All Topics
User avatar
just0
Posts: 826
Joined: Sun Jan 22, 2006 1:46 pm

General content about economic ideas & philosophy.

~"“True observation begins when devoid of set patterns, and freedom of expression occurs when one is beyond systems.”"~
User avatar
Fintan
Site Admin
Posts: 9042
Joined: Wed Jan 18, 2006 10:46 pm
Contact:

Great angle.
And for sure unions in monopoly public services were able to leverage
unfair pay rates because of they could cripple the economy.

Train and Bus drivers; mining; air traffic control; power station staff, etc.
Many of these well placed extortionists extracted very, very, lucrative pay.
Much of which came back to gov. via taxes and vat in any event.

But this did not 'cripple' the wider economy or cause unemployment.

Unions only become necessary because governments will not defend
workers against exploitative practices. The eclipse of unions has seen
the era of zero-hours contracts and the state having to top up the wages
of the underpaid.

Fairness in employment should be the seed bed of economic growth.
Minds are like parachutes.
They only function when open.
User avatar
Fintan
Site Admin
Posts: 9042
Joined: Wed Jan 18, 2006 10:46 pm
Contact:

Casting a further speptical eye around....

Here's how the economic pie gets divided up:

Image


Much of what goes on in the green, blue and orange sectors is FROTH.

Monopolies designed to extract wealth from the people: Yellow sector.

When I says "waste" - I mean devoid of substantial social benefit.
When I says "waste" - I mean froth designed to rob people.

So here goes:

  • 80% of the Financial Industry is pure waste.

    75% of Health Industry is a total waste.

    70% of Government Bureaucracy is an incompetent waste.

    70% of Military Spending is a legendary waste.

    80% of Insurance Industry is a pointless waste.

    60% of Internet Content is just marketing waste.

    50% of Food content is just toxic waste.

    40% of all Personal travel is unnecessary.

Most of these areas are controlled by Monopoly interests.

Take motor insurance as an example.
- Government could cover all persons and vehicles automatically.
- Insurance industry is left covering optional own vehicle insurance.
- Take 20% of the existing premiums and divert it to effective prevention.
- Replace insurance ads by public safety ads and hammer offenders.

Total saving 80% and accident rates will steadily fall = long-term win.

Of course, the in$urance indu$try would never allow this.

The same resistance issues arise among all the monopolists.

And they are the vested interests limits of Capitalism.


Another key systemic problem is that banking now serves only Corporates.

Ever since the QE era and the 2008 financial crash destroyed the economy,
only the State and the Corporation can feed at the 0.1% Financial Trough.

So its FREE MONEY for Corps and Big Gov.
And a BIG F*U for everybody else.

That's not an economy.

That's a F**king joke.
Minds are like parachutes.
They only function when open.
User avatar
just0
Posts: 826
Joined: Sun Jan 22, 2006 1:46 pm

Fintan wrote: So its FREE MONEY for Corps and Big Gov.
And a BIG F*U for everybody else.

That's a F**king joke.
Exactly, That's what it boils down to
It's not the economy, it's value.
~"“True observation begins when devoid of set patterns, and freedom of expression occurs when one is beyond systems.”"~
User avatar
just0
Posts: 826
Joined: Sun Jan 22, 2006 1:46 pm

Socialism only works with authoritarianism.
~"“True observation begins when devoid of set patterns, and freedom of expression occurs when one is beyond systems.”"~
User avatar
just0
Posts: 826
Joined: Sun Jan 22, 2006 1:46 pm

Fintan wrote:Great angle.
And for sure unions in monopoly public services were able to leverage
unfair pay rates because of they could cripple the economy.

Train and Bus drivers; mining; air traffic control; power station staff, etc.
Many of these well placed extortionists extracted very, very, lucrative pay.
Much of which came back to gov. via taxes and vat in any event.

But this did not 'cripple' the wider economy or cause unemployment.

Unions only become necessary because governments will not defend
workers against exploitative practices. The eclipse of unions has seen
the era of zero-hours contracts and the state having to top up the wages
of the underpaid.

Fairness in employment should be the seed bed of economic growth.
Everyone here is aiming for the same goal and I tend to agree with AA about free market capitalism, but your right, that it's pretty much impossible with the situation we find ourselves in, like you said. Banking corporations, big gov and big pharma have a cartel which is effectively untouchable.

But I think the free market has a chance now to take over these authoritarian cartels, they are now playing their last and final cards, the fear mongering, the health fascism, the race baiting... but the average joe, for our own survival, can overcome it all and move beyond it.

I think they've gone too far, too quickly, there's bound to be a backlash in the poll's.
~"“True observation begins when devoid of set patterns, and freedom of expression occurs when one is beyond systems.”"~
User avatar
just0
Posts: 826
Joined: Sun Jan 22, 2006 1:46 pm

Why he should not move out of New York from the new entrepreneurs mouth
~"“True observation begins when devoid of set patterns, and freedom of expression occurs when one is beyond systems.”"~
User avatar
just0
Posts: 826
Joined: Sun Jan 22, 2006 1:46 pm

~"“True observation begins when devoid of set patterns, and freedom of expression occurs when one is beyond systems.”"~
User avatar
just0
Posts: 826
Joined: Sun Jan 22, 2006 1:46 pm

Unions only become necessary because governments will not defend
workers against exploitative practices. The eclipse of unions has seen
the era of zero-hours contracts and the state having to top up the wages
of the underpaid.
Unions are not necessary if the government were to mind there own business, 'exploitative practices' does not exist when the employer and employee have mutual benefits. The middle man makes a devastating difference.
~"“True observation begins when devoid of set patterns, and freedom of expression occurs when one is beyond systems.”"~
User avatar
Fintan
Site Admin
Posts: 9042
Joined: Wed Jan 18, 2006 10:46 pm
Contact:

Minds are like parachutes.
They only function when open.
User avatar
just0
Posts: 826
Joined: Sun Jan 22, 2006 1:46 pm

The COVID-19 crisis and Climate change is an excuse for a financial crisis.
~"“True observation begins when devoid of set patterns, and freedom of expression occurs when one is beyond systems.”"~
User avatar
Fintan
Site Admin
Posts: 9042
Joined: Wed Jan 18, 2006 10:46 pm
Contact:

HOW THE BANKSTERS AIM
TO TAKE CONTROL WITH A
STAGED FINANCIAL CRISIS


Top Class Video. :!:

Shared.
:D
Minds are like parachutes.
They only function when open.
Post Reply