And, what is this big, big econimic crisis telling you personally?
Any lessons learned?
Are the main lessons something like "stop the uncontrolled capitalism" or "lets add a little bit communism to our capitalism" and things like that...
How got you personally hit by this economic crisis?
Unfortunately I have to go now to get my wife from work. But tomorrow I might have some things to tell.
__________________ What it means to be a Bill...said by Fred Smerlas...
I have nothing but good memories of playing for the Bills. It's something I cherish. When I was playing for the Pats, I'd wear a Bills T-shirt under my uniform. Someone came up to me one day and said, 'Fred, no matter what you wear on the outside, you,ll always be a Buffalo Bill on the inside.'
I've learnt the recessions sucks... My dad's company is closing down his office, but have guarenteed his job for the next 6 months at least. He wants to stay with his current company, but that means if they do decide to close him down, the only other R and D departments are in Madison and Seattle, so a big move at kinda an important time. Only time will tell...
A recession is like a plague. Every once in a while things boom get out of control (Population, economy) and one needs to come along to sort of reset everything.
__________________
"Anyone who is not shocked by quantum theory has not understood it." - Niels Bohr
"many-worlds interpretation" (MWI) which postulates that at the quantum level, everything that can happen does happen, and that each possible outcome branches the universe into another
Yeah, the economic crisis hit the entire world. I think it all started in the US, but then spread like a wildfire around the world very quickly.
I really think that that the big companies and especially the companies making their money with the money of others like banks, investment banks, insurances and all others were too careless in what they did. The greed for making some money made them blind for any kind of dangers.
In Germany a lot of big companies in the financial sector where at the brink of bankruptcy and only huge amounts of Billions of Euros saved them. The US did the same as far as I know for a lot of companies there.
But the government said that the help still might not save some of the companies from being bankrupt in the near future, especially since nobody really knows where and how this crisis will stop.
And partly the Government decided to act like a communistic regime and decided to socialize some of the companies completely or partly. For some of the companies that was the last chance to save them from bankruptcy. A lot of new laws were made to control the financial sector better. Well, we will have to see how all this things pan out.
And after all what I have seen and know of the situation this new laws are badly needed. Nobody really controlled the financial sector until now and they really did act in the way they wanted and nobody stopped them. This has to be changed. A power without a control is always a big risk. The financial sector needs to get more controlled.
People over here in Germany are very insecure about the future and unemployment went up in a big style again after 3-4 very good years of the German economy with very low unemployment.
I will make it plain and simple now. This crisis was absolutely unneeded and self-made by the financial sector companies. The financial sector always wants this independence from the Governments in good times, but in bad times they come up whining like little kids for help from the Countries… What a big joke!
Of course you have to help these careless and greedy companies if you want not to risk an endless economic crisis, but the situation right now is the perfect opportunity to tell these companies that every help means also more influence and ruling for the Countries inside the companies and that is a good thing. At least it guarantees more balance and more sense of responsibility.
More to come...
__________________ What it means to be a Bill...said by Fred Smerlas...
I have nothing but good memories of playing for the Bills. It's something I cherish. When I was playing for the Pats, I'd wear a Bills T-shirt under my uniform. Someone came up to me one day and said, 'Fred, no matter what you wear on the outside, you,ll always be a Buffalo Bill on the inside.'
If you look back over History, if you live for 75 Years you can generally expect to go through two recessions and one depression. Its hardly new, or surprising, and the bad mortgages in the US were really just a catalyst.
Also, just to address your point, the Banks aren't lawless. They are governed by the laws of Free Market Economics. They should have, and would have gone bankrupt, but the Government cant and wont allow that to happen, so bailed them out, all over the world. This would not happen with a trucking firm, or burger business..Banks are still a business...
Obviously too, they are subject to many legalities, as all businesses are, but I 100% do not agree with the government being involved in the day to day, or in any capacity, running of any free business.
In Freedom Vs Fairness, I choose Freedom everytime.
__________________
David "The Hayemaker" Haye:21-1, 20 KOs
Undisputed World Cruiserweight Champion (WBA, WBC, WBO, The Ring Magazine Champion) World Heavyweight Title Fight: November 7
I couldnt agree more. Keep the free market free..Sends totally the wrong message to bail them out. "You screw up, and we will pay you for it.." Makes no sense.
__________________
David "The Hayemaker" Haye:21-1, 20 KOs
Undisputed World Cruiserweight Champion (WBA, WBC, WBO, The Ring Magazine Champion) World Heavyweight Title Fight: November 7
That bail out money should have went to the people who need it, people who are unemployed because of the screw ups by big corporations and banks. In the end that would help the economy more, companies would have to work to survive and earn the money from the people and if they dont new ones that can figure it out will rise.
__________________
"Anyone who is not shocked by quantum theory has not understood it." - Niels Bohr
"many-worlds interpretation" (MWI) which postulates that at the quantum level, everything that can happen does happen, and that each possible outcome branches the universe into another
The flip side of that is that more people are staying in school because of it, so you will hardly be a hot commodity in the job market...
And Chaos, that is just bailing out the businesses that have shrunk/failed in this recession. Its just them instead of the banks. I dont personally agree with doing either...
__________________
David "The Hayemaker" Haye:21-1, 20 KOs
Undisputed World Cruiserweight Champion (WBA, WBC, WBO, The Ring Magazine Champion) World Heavyweight Title Fight: November 7
Just to tell my final opinion on this topic I would say, that this is the biggest economic crisis for over 60-70 years. And that in a modern world where everyone thought that things like that cant happen, at least not in this dimensions. This is for me definitely a reason enough to say that the financial markets needs… lets call it supervising or regulation. Obviously they cant control themselves. Not a supervising in the day-to-day activities on the business of each and every company, but supervising and regulation on the risk some companies take in their business. If is pretty obvious, that in some cases like ‘mass-greed’ of companies, the instruments of the free markets simply don’t work.
If you let alone the instruments of free markets control everything, that will only work if lets say 90% of a sector are doing their business correctly and without taking to much risk, and only 10% falls victim to its own greed. So this 10% gets kicked away by the other companies and just disappears from the market.
But if the scenario is the opposite with 90% of the companies doing really crazy and unreasonable activities and only 10% is working okay, then the instruments of the free market just fail and can’t fix the problems.
You cant let these 90% head for bankruptcy and hope that the 10% surviving companies will regulate everything satisfyingly. That wont happen.
You have to bail out these greed-monsters if you don’t want to risk a recession for 10-20 years, till the market has found his way out of this crisis. And the world cant wait 10-20 years for the free markets to regulate itself, cause there are so many other jobs, plans and of course money depending on the financial markets.
Like I said, I would have no problem with a guy in every company’s management, who is instructed by the Government of the Country to raise his hand and say ‘VETO’ if he thinks that the Company is taking a huge and extremely unreasonable risk.
I have no clue how that would look like in detail, but there are always ways to make it, if you really want it.
The companies simply do not act as they should in senses of their responsibility towards their people. And in the end it is the ‘Regular Joe’ who gets his *** kicked by life cause of the inability of the big company leaders.
People all over the world need to be protected better from the non existing responsibility of companies for the things they do.
If that in the end means to make a decision between the freedom of Companies to make stupid decisions and act like that and the financial securities of the regular folks, I would plead for the people, especially when you see that the control of the financial companies is not for their normal and regular business, it is for the too much on risk they take. It is a kind of risk-control, not a business and freedom control for the companies.
I would appreciate and support that.
__________________ What it means to be a Bill...said by Fred Smerlas...
I have nothing but good memories of playing for the Bills. It's something I cherish. When I was playing for the Pats, I'd wear a Bills T-shirt under my uniform. Someone came up to me one day and said, 'Fred, no matter what you wear on the outside, you,ll always be a Buffalo Bill on the inside.'
All you are saying is that you want to change who is in charge...
Because someone is always in charge...
So like most people you are saying "Hey those people failed someone else needs to be in charge so they don't fail"
The companies should not be bailed out... Sometimes things need to be reset.. Thats what was going to happen when the huge companies failed.. there would be a reset.... sure it would suck.. BUT.. it looks like it's sucking anyway.. the only difference is some big businesses got off the hook.
__________________
Book of Cash Chapter 2: Verse 11- Do not PM or IM me until you have exhausted every other way.
First off, an opinion cannot be wrong....its an OPINION
Ok, good. In my opinion, you're an idiot. Good thing I can't be wrong!
Timothy 2:12
You could argue that it was the big businesses neglecting the idea that the Free Market always works, and the idea of an "invisible hand", that caused this. They over looked it, got too big for their boots, and like clockwork, came tumbling. They should have been allowed to fail. They did fail. But they got bailed out. It just shouldnt have happened. Cash is right, it was time for them to be reset.
What you are proposing Billster, is obviously left wing and Anti Free Market. The idea that a government official can Veto any "unnecessary risks". Who are they to determine what an unnecessary risk is? Why and how are they more informed? You are telling me it could be a one man operation?
Firstly, if it was a one man operation, the corruption and incompetenance that could and would lead to are considerably worse than leaving the business to existing economic laws. But possibly more importantly, the implementation of such a plan would mean officials at all levels of the company, and widespread to see the potential pitfalls of company decisions and actions.
Essentially they would be there to stifle a company. Anyone with any sort of economic and business sense knows it is an idea that could only be proposed by a non capitalist. An overregulated economy cant flourish. From the outside looking in, I would say that is evidemt within your own country Billster. You have overregulated and are now trying to escape.
A further point, though wrong in my eyes due to its lack of compatibility with proven successful economic practices, this idea of a government official overlooking what happens. The all seeing eye as it were. Think about his motives. The motive of a government official is to be re-elected. Thats just how it goes. Now why would they stop a decision from a company the effects of which might not be felt until they are out of office? Further still, bad short term decisions could in fact benefit them. For example, sub-prime mortgages. Initially, more people get houses, more people are happy with the state of the economy, they get what they want, a house, they are more likely to re-elect the current government. Happy days all round...
Basically, the plan is flawed on every level - economically, morally and logistically.
__________________
David "The Hayemaker" Haye:21-1, 20 KOs
Undisputed World Cruiserweight Champion (WBA, WBC, WBO, The Ring Magazine Champion) World Heavyweight Title Fight: November 7
Well, nobody has a perfect plan for this scenario, I think.
And I am normally far away of the anti-capitalistic guys. But this time a lot of things are different. I never thought that one day the time will come where I say that the capitalistic system needs a nice overhaul. It is really time for some changes. The system we have is simply too risky.
No product mankind has made so far is perfect. So is the pure capitalism.
You mentioned Germany. A country which runs a system, which is called social free market economy and it is somehow really overregulated, but still a system good enough to make Germany the export champion of the world year for year.
I am seeing all the points which are here on the table right now. And my ideas aren’t perfect. But it should be a time now, where it should not be that easy anymore to run and hide from the social responsibilities for the companies of the world.
And just a short note for the bail-out theory. We do not know the exact numbers, but the politicians do or at least have a better idea of it. I am sure they knew that not to bail out the companies would risk a huge recession for maybe 10 years or even more. Nobody in the right mind will risk that. The politics had to clean up the muck, the companies “producted”.
Everyone saw that the free markets aren’t perfect and never the ‘clockwork’ a lot of people wanted to see in them. It is a product of humans and that is why it isn’t perfect and is flawed. My wife as a political economist thinks the same. We are just two individuals and the politics and economy wont listen to us, but this is the perfect time pull the companies on their ears and tell them to be more carefully next time, cause unfortunately the human nature forgets very fast and the same crap might happen again and again.
Really nobody thinks of the millions of people worldwide who lost their jobs. And the free markets system with the ‘invisible hand’ is only to control small damages. But on big damages like this what we have right now, it simply fails.
I do not ask the Countries to take control of any economic activity or being like ‘Big Brother is watching you’ for the economy, but they politics needs to make sure that things like that can’t happen again, at least not the same things again. You can’t return to normality now just as if nothing has happened and say that the market will regulate itself. It can’t. That was the reason for the Countries to bail out. Now the politics in charge to make clear statements.
__________________ What it means to be a Bill...said by Fred Smerlas...
I have nothing but good memories of playing for the Bills. It's something I cherish. When I was playing for the Pats, I'd wear a Bills T-shirt under my uniform. Someone came up to me one day and said, 'Fred, no matter what you wear on the outside, you,ll always be a Buffalo Bill on the inside.'
And the free markets system with the ‘invisible hand’ is only to control small damages. But on big damages like this what we have right now, it simply fails.
You couldnt be more wrong. The invisible hand refers to overall prosperity, which as far as I am aware, it has ALWAYS provided.
You are clearly very quick to change allegiances if you are not normally anti-capitalist. The prosperity it has provided the developed world has been immense. Some banks sell some dodgey mortgages and some people lose their jobs, and its all of a sudden a "crisis", our whole system of capitalism doesnt work...No clearly it does work because those businesses that screwed up FAILED, they would have been put into liquidation. The only reason they didnt was a bail out. Free Market Economics pushes us towards prosperity, those who aren't going to bring that, ie, incompotent banks, do not continue, they are left behind, and rightly so.
The only difference here is the magnitude of the failure. Businesses fail all the time and we arent going "Oh my God, this system just doesnt work". People bought into these banks out of ignorance and so themselves are feeling the effects of the matter.
This is the ultimate point: Individual failure does not mean failure of the system.
Some banks failed at the system, the system hasnt failed them.
__________________
David "The Hayemaker" Haye:21-1, 20 KOs
Undisputed World Cruiserweight Champion (WBA, WBC, WBO, The Ring Magazine Champion) World Heavyweight Title Fight: November 7
Relax, my friend. We won’t change the world with anything we write here. But I really like the enthusiasm and energy you bring to the table for your point of view. I am serious with that.
But also it is pretty clear in my eyes, that the dimensions, impacts and effects of the current crisis are much bigger than we all might think.
It is a failure of the control of the financial sector; it is a complete fiasco for the financial sector.
I never said that everything needs to be changed. I just pointed out, that nothing mankind ever made is perfect.
There are always ways to make something better not matter if you’re talking about something trivial like cars or the financial system. Just because it is a system that worked somehow, this isn’t meaning that there is nothing left to do to make it a better system.
I just say let the companies PLEASE do not forget about their social responsibilities. Nothing more.
The system isn’t perfect. It helped mankind a lot, but still it is not perfect.
I am not starting a Bolshevik revolution and I am not making promotion or advertisement for the group ATTAC.
And also consider that I am somehow trying to be the guy who is boiling blood here for some good discussions on Maddenboard, but in the end this is a sports site. So, peace.!
---------- Post added at 10:30 PM ---------- Previous post was at 10:18 PM ----------
Quote:
Originally Posted by cashpath
The word is produced
Hehehehe, of course it is produced and not producTed. I dunno how the T found the way to my text.
__________________ What it means to be a Bill...said by Fred Smerlas...
I have nothing but good memories of playing for the Bills. It's something I cherish. When I was playing for the Pats, I'd wear a Bills T-shirt under my uniform. Someone came up to me one day and said, 'Fred, no matter what you wear on the outside, you,ll always be a Buffalo Bill on the inside.'
Im not stressing. I just dont like a jump ship mentality. You aren't talking about improving the system, you are talking about switching the system, which is what I strongly disagree with.
A crisis is people buying a loaf of bread with a wheel barrow full of cash, its rations, its not some people losing their jobs and some companies closing down. I know I am trivialising it, but I seriously think you have to just put it into perspective. Its a slight slump, hardly a crisis that means we have to switch our whole economic system that has provided so much..
__________________
David "The Hayemaker" Haye:21-1, 20 KOs
Undisputed World Cruiserweight Champion (WBA, WBC, WBO, The Ring Magazine Champion) World Heavyweight Title Fight: November 7
Im not stressing. I just dont like a jump ship mentality. You aren't talking about improving the system, you are talking about switching the system, which is what I strongly disagree with.
A crisis is people buying a loaf of bread with a wheel barrow full of cash, its rations, its not some people losing their jobs and some companies closing down. I know I am trivialising it, but I seriously think you have to just put it into perspective. Its a slight slump, hardly a crisis that means we have to switch our whole economic system that has provided so much..
my friend, I sense some kind of Misunderstanding. Nobody ever said here that a complete change of the economic system is needed. Just some add-ons and some fix here and there to be able to prevent this kind of economic problem in the future.
I have no clue why you think I am speaking of the WHOLE economic system needs to be changed.
All I am speaking about is that the entire world saw, that the current system is not perfect and failed at some points and now it is up to the Governments and the companies to learn from the mistakes.
Governments all over the world started already with some sort of ‘risk-control’ programs for the economy. This is not meaning economy isn’t free anymore. It still is, but the economy just needs to learn, that they are a part of this world and everything they do right or wrong has bad or good effects to the world. They need to learn that time has changed and that the Companies have certain responsibilities towards the nation, the folks and the future of the world.
I don’t think that is too much to demand. Just a minimum of a sense for responsibilities and this entire crisis never would have happened. Don’t make it that easy for the Companies to run away and hide from their responsibilities. Make them feel that they are a part of the world. This is definitely not too much asked.
If you’re waiting for a learning effect, I personally think that won’t happen.
Now the Companies learned that the Governments world-wide will bail them out, if they do bad management. They have no real desire to get better. They know now that they can easily trust the Governments when they fail.
And with the bail-outs it stays the same that the politics worldwide was thinking to bail-out was the much better alternative than to let half of the worlds companies heading for bankruptcy.
As I said before, the dimensions of this crisis was much bigger than we all might think. 30-50 Countries world-wide are battling against national-bankruptcy. That is a huge amount of Countries. Almost every east european Country is near to bankruptcy after this crisis.
How can the World turn back to normality now as if nothing had happened and if the Companies did a damn good job? Exactly that would be extremely irresponsible by the Countries and Governments.
All in all good stuff here.
We will have to see now how all the things look like in 12 months. I expect a very weak 2009 year for the world economy, but 2010 should be much better now after the bail-outs. Without the bail-out you could forget the world economy for the next 5-6 years, maybe even longer.
This is for the Governments.
__________________ What it means to be a Bill...said by Fred Smerlas...
I have nothing but good memories of playing for the Bills. It's something I cherish. When I was playing for the Pats, I'd wear a Bills T-shirt under my uniform. Someone came up to me one day and said, 'Fred, no matter what you wear on the outside, you,ll always be a Buffalo Bill on the inside.'
What really needs to happen is for a mathematician to step forward, and prove mathematically, that profits over a certain percentage for a given good is a bad thing. Especially for those companies that supply goods that everybody uses... Such as ... Oh... I don't know... Gas.
Those record profits aren't so record when a recession happens right after them... Because then... Inflation happens. Dollar isn't worth what it once was...
And a news flash to all the other countries out there that the US is a customer of... And make no mistake, the US *is* the consumer nation of the world... If we tank... You tank. Next time it's a good idea to go to war with us. The US won't spend as much money, therefor it's likely that this kind of thing happens... Loaning us money for the war is a *bad* idea... Notice China isn't real happy right now... We owe them some bookoo cash... But... Their return on that investment loan is going down by the day...
STUPID.
I'll grant you that I didn't know that the economy would tank as bad as it has... But I knew a recession was coming when we were paying 4 dollars a gallon for gas for months at a time.
__________________
I am a Moderator
Extremists are like slinkys... Ultimately useless in the grand scheme of things... But still brings a smile to the face when you push them down a flight of stairs.
LOL, entering a war already helped the world from a big recession 70 years ago. But I am with the guys saying that war is the 'ultima ratio', meaning the last option if there is no other way left.
But back to the topic. In the last couple of days a lot if good things happened.
Europe with its central banks and the politics are generally welcoming the idea of making the work of the financial sector more transparent.
And now even the US president Obama and his minister for finance Gleithner made unmistakably clear that the financial markets need some sort of regulation. If even the USA can say this, than this means a.) That the crisis is really big and b.) That they are now making the much needed moves to prevent similar crisis in the future.
We are getting horror news from all over the world day for day. After the first shock where the politics seemed to be paralyzed now things are moving into the right direction all over the world.
Every right minded person ask himself now “How was it possible that nobody really cared about the things going on in the financial sector”.
This crisis isn’t the product of just 2-3 years of mismanagement. It is a product of maybe 5-10 years incautious economical behaviour.
In the end this regulation of the financial sector is not a big thing. It won’t influence the financial sector in a big style. It just will make some things more transparent and more reasonable in matters of the taken risk.
Only hardcore capitalists will come now and tell the world of free markets without any real regulation. But I am glad to tell them that the days of the things I was told in school as the Manchester Liberalism are over.
Really, we have now the year 2009 and some companies in the financial sector still move like in the 1880’s…
__________________ What it means to be a Bill...said by Fred Smerlas...
I have nothing but good memories of playing for the Bills. It's something I cherish. When I was playing for the Pats, I'd wear a Bills T-shirt under my uniform. Someone came up to me one day and said, 'Fred, no matter what you wear on the outside, you,ll always be a Buffalo Bill on the inside.'
He was talking right up Billsters alley. Saying something about passing laws to give the government the power to step in and take control of companies that have the power to influance the national economy on a large scale.
__________________
"Anyone who is not shocked by quantum theory has not understood it." - Niels Bohr
"many-worlds interpretation" (MWI) which postulates that at the quantum level, everything that can happen does happen, and that each possible outcome branches the universe into another
I read about the US government moves against the current situation of the financial sector a lot in newspapers over the last couple of days. A lot of Countries all over the world are doing similar things.
It is some kind of irony that the die-hard capitalistic US are making plans for taking over big companies if it is a too big risk for the entire economy if you let go these companies bankrupt.
And furthermore it was very interesting to read that US minister Gleithner wanted to establish another form of regulation for the finance sector.
The things are slowly moving into the right direction. Capitalism is great, if you know how to use it. And apparently the world financial sector didn’t.
Let’s hope that we are slowly getting out of the mess the financial companies all over the world caused.
And even with all the needed moves the markets will flourish and capitalism will of course survive. It will just be a new form of capitalism with everyone exactly knowing about his responsibilities. It was time for that.
__________________ What it means to be a Bill...said by Fred Smerlas...
I have nothing but good memories of playing for the Bills. It's something I cherish. When I was playing for the Pats, I'd wear a Bills T-shirt under my uniform. Someone came up to me one day and said, 'Fred, no matter what you wear on the outside, you,ll always be a Buffalo Bill on the inside.'
Capitalism is great, if you know how to use it. And apparently the world financial sector didn’t.
You continually imply a change of economic system. So no misunderstanding here. Thats what you are saying.
Its naiive in my mind to believe regulation wont stifle companies and be a slippery slope. If they are regulating one area of the business, why not more? And why stop at just the financial sector? Why not others?
Overregulation is crippling. If we have to take a couple of years recession, not even depression, for company freedom, Ill take that any day.
Now just to establish, I do not approve of what the companies did, it was greed. But to me, its a sign that our system works by the fact they failed...
__________________
David "The Hayemaker" Haye:21-1, 20 KOs
Undisputed World Cruiserweight Champion (WBA, WBC, WBO, The Ring Magazine Champion) World Heavyweight Title Fight: November 7
It is only a matter of time before people have lost most of their freedoms. Than men will come along.. known as terrorists.. and someday they will make holosims about them and how they were great heroes.
__________________
Book of Cash Chapter 2: Verse 11- Do not PM or IM me until you have exhausted every other way.
First off, an opinion cannot be wrong....its an OPINION
Ok, good. In my opinion, you're an idiot. Good thing I can't be wrong!
Timothy 2:12
My friend, you’re a hardnosed person in discussions. But this is leading to nowhere again. You are speaking of implying… And then you turn out to be the Master of implying.
I think every right-minded person sees what is going on in the world. And still it is absolutely not understandable for me why these changes are anti-capitalistic. The new moves are against ‘Manchester Liberalism’ like capitalistic tendencies and not against the capitalism as it is.
Your in the end only saying that all experts, economists, all guys in the Governments worldwide who are in charge for the Economy are idiots and you know better.
Now have a short trip back in time. 100 years ago the regular workers around the world had almost no rights against their employers. They had to work 12-14 hours a day and 6 times every week. And while the men where on their hard work the bosses of the companies came up the slums where the workers had there barracks and ****ed the hungry wives and gave them apples as a well-meant compensation.
But one day the workers unions grew up and got stronger and the workers suddenly had certain right.
Now the employers screamed: “NO!! NO rights for the workers!!! If they don’t work 100 hours per week for us and if we can’t kick them into the trashcan if they loose legs and arms while working for us, what will happen to our profits!!??? We are doomed!!!! The economy won’t survive!!!! The world will go down!!!!”
And what happened?? The companies still had their profits and the economy got better and better.
What is the message of this story? Don’t buy everything the companies are trying to sell you!
I tried always to be the master of my own thoughts and opinions. If the world leaders always would have listened to the greedy companies over the last 100 years, not much would have changed so far from the things I have written above, which was just a small and very shortened example.
Capitalism is really great. It is the system that made the world a better place. But from time to time it is necessary to think about small changes.
And these changes wont mean the end of days for the world.
And I think the only sector that needs some changes in regulation is the financial sector. Cause it is the one, where greed counts more than brain. Let the financial sector alone and let them do their stuff, but let them be more transparent and everything will be fine.
All in all it is always some kind of pleasure to have you on the board here for discussions, Titansrule. I really would like to see more people around, but maybe things will move faster in the future here, when Cash has his new project ready to start.
Now I am ready to be the Falloutman, just as Terrell Owens was in Dallas. The ultra-hardcore Communist, even if Iam a true beleiver of the thing we call Capitalism.
---------- Post added at 02:17 PM ---------- Previous post was at 02:15 PM ----------
I was referring to Titansrule of course and did not see that Cash had a post too while I was writing.
__________________ What it means to be a Bill...said by Fred Smerlas...
I have nothing but good memories of playing for the Bills. It's something I cherish. When I was playing for the Pats, I'd wear a Bills T-shirt under my uniform. Someone came up to me one day and said, 'Fred, no matter what you wear on the outside, you,ll always be a Buffalo Bill on the inside.'
Actually in a way Billster has a point... Without some government regulation companies would just hire mexican children (here in the U.S.) and pay them $0.05 an hour...
So.. I can see a point in the government regulation.. to an extent.. I think the ONLY thing that really needs to be regulated is that companies should HAVE TO give a certain % of their yearly income to their employees and there has to be a cap between the minimum and maximum salary in the company... with that the problem would be solved.
Good Job Billster. I probably don't agree with everything you are saying.. but you do have A POINT.
__________________
Book of Cash Chapter 2: Verse 11- Do not PM or IM me until you have exhausted every other way.
First off, an opinion cannot be wrong....its an OPINION
Ok, good. In my opinion, you're an idiot. Good thing I can't be wrong!
Timothy 2:12
I agree with workers rights...It makes sense. But I also think if you took away legislation making it compulsory, it would probably stay through fear of public backlash, and getting no workers...
I agree with a certain extent of regulation, but I feel right now, we are at that point. Instead of further regulating, which will stifle, all that needs to happen is to keep all company records public, all transactions public (as in, available if you want it). Then the companies are acting not within the confines of legislation, which is unhealthy when overdone, but within the confines of what the public would accept.
The companies thought they would get away with their greed. The system had other ideas, and they didnt. But I doubt the same sort of thing would have happened if their actions were transparent.
Instead of having some elected (or non elected) official in a position of power to say yes or no to any motions, which I find the notion of completely ridiculous, we would have the fear of public backlash as the checking force. Surely the entire public is better than one man? I personally feel this is far more in line with our current system, and therefore wiser to employ than a fundamentally socialist ideal...
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David "The Hayemaker" Haye:21-1, 20 KOs
Undisputed World Cruiserweight Champion (WBA, WBC, WBO, The Ring Magazine Champion) World Heavyweight Title Fight: November 7
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