Moral: Wherein we suspend, briefly, the slow trek toward a defensible position in regard to that which stinks. Our goal of honoring Adam Smith and other thinkers will be delayed a little.
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After all, we have things like the ergodic hypothesis, and a lot more, to discuss.
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In its current mode, capitalism is for the sackers. And, Big Ben, your sacking of the savers plays right into the pockets of the takers. The consequence is that we have a whole slew of new kings (and royalty) who are more problematic than good.
Then, we have the hapless. Suckers, in other words. Those who are led into indentured servitude for themselves and their families for generations.
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Wait, is not that what we're doing for the US economy as a whole?
Sackers need an endless supply of suckers to play their game. Why else Wall Street (yes, Ben, and you do know that you play the fiddle for these people?)?
Now, some who were suckered once are really smart and will not allow this again. In the past, cards have generally been stacked for those who are early and get the system made to their liking.
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Wait, again, isn't the wild web just full of this? Yes, Zuckerberg (Look, guy, you may not want such but give me a bunch of smart people who can take a simple living oath, and we'll set the economy straight, for ourselves, our children, and their offspring) and a whole lot more.
Be that as it may, let's go to the foreclosure issue. Daily Finance lists what could happen from the current mess. It is worth a read.
However, embedded is a link to talk about a middle class revolt. Now, to hear some who argue for capitalism, they want 'free' markets, almost to the point of anarchy. But, no, not quite that far. Just far enough to push things into their favor and their pockets.
To hear the middle class talk of revolt is troublesome as they (not the fat cats) are the basis for the economy, especially the capitalistic variety. Somehow, we have lost the way.
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Capitalism, people, is the best means for us to have a just economy. But, and I repeat, but, 'capitalism' is still to be defined. That is our task.
The pain with the realizations of late results from the fact that some of us thought that the US would be the best environment for this type of economy to happen. Well, people, interlopers have usurped 'of, by, and for' thereby confusing the issues.
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A lot of good people have thought about these things and have tried to help matters. But, that we have let the genie out of the bottle with technology needs more attention. Those who are best and brightest, by their nature, want to screw the rest (unless they are simple livers - yes, I can define this). Then, they get the legal eagles on their side, including the courts.
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Unfortunately, we may find that last year Obama ought to have nationalized the banks, stopped the high bonuses that were paid, halted the markets, did a full audit, ... (a lot more), ..., and then built up to start afresh. Is it too late?
Remarks:
10/15/2017 -- Post hasn't been touched for four years. Lots of water, many ways. The muddy cloud fell to pieces allowing manipulations through ads (run by money hungry souls - and the power seeking), yet the numb nuts keep at it. Why? Stupid mis-interpretation of Adam plus some idea that commercialization (mercantilization) are it. Lots to discuss.
10/03/2013 -- Oh, yes, two posts (Fed-aerated and 7oops7), but no mention of savers being slapped silly. Notice in the savers post that an image says no bullets left. Ah, yes, Ben panicked and used up his ammo. But, has he not shown all of us (and the world) that there was a whole lot of other maneuvering possible? But, too, does he know that he's cowboy'ed us into a corner?
07/31/2013 -- Ben cannot unwind or taper down; he has too many Doves. We'll have to get back to the king thing (yes, the divine rights of the CEO) and dampening of these types by a new outlook (Magna-Carta'ísh).
02/12/2013 -- We ought to have nationalized these guys' playground.
12/22/2012 -- Fair and open actually used in a WSJ article.
11/15/2012 -- SumZero, and more.
09/13/2012 -- Ben, and his cronies, continue to sack the savers.
05/09/2011 -- Savers are suckers?
04/03/2011 -- Need to look at some background. Too, tranche and trash.
03/16/2011 -- On the rise of the professional politician (will there ever be the citizen polico? that is, those who do not salivate when a buck is passed beneath the nose) toward robber barony. The M & Ms are apropos. As well, need to bring in Schervish's viewpoint.
01/19/2011 -- For the most, things are dire, not by necessity.
10/28/2010 -- Warning, train wreck ahead. What train, I had asked? Yes, there is already a wreck, despite the inflated market (those who lost big are still behind).
10/26/2010 -- Adam knew the failings of 'free markets' quite well.
10/22/2010 -- We need more Orwells and Tolstoys and Perelmans.
10/15/2010 -- How do we get back the 'of', 'by', and 'for the people' in all ways, including the economic system? Perhaps, if we could get Zuckerberg (Facebook), et al, to agree to 'simple living' and we could place trust (engineered, of course, as necessary), then computational assistance could help us all rise out of the morass (especially, that associated with politicos - those who salivate when a buck is passed beneath their noses - somehow, evolution has selected for these types?). To date, the promise of the cyber-physical, especially that represented by the web, has mostly pulled us further into a worse situation.
Modified: 10/15/2017
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