@die101 The real puppet masters are the security services and the autonomous state. They can act outside of the law, beyond government control and national boundaries. The bankers are a side show compared to the power of organisations like the CIA, MI5, MI6, The Dept. of Homeland Security, Mossad, the FSB, Bureaus 1 and 2 of China's Ministry of State Security. The list is endless. Plus countless other departments. Google Statewatch and "Lobster- Journal of Parapolitics" for more info.
@TJPinoy I would prefer we didn't race to the bottom to gauge income inequality. I understand that it's bad in Mexico and Ethiopia but it doesn't follow from that we should stop trying to improve things here in the UK. Perhaps it would be better if we tried to lead by example rather than telling other countries what to do. Something which is usually met with cries of "colonialism".
Actually, this concentration of wealth in a few guys, who then arbitarily dole out some of it to the charities of choice is the most effecient and productive way to acheive a civilised society. I think that we should drop the teraching of "fair" and "sharing" in kindergardens, when this only contradicts what we get told later about the virtues of competiton. This would ensure that the brightest and strongest can begin buisness building at the very earliest point, using other kids milk money.
Yes, I agree with thefrockdoctrine counter arguments. The sub-prime mortgage crisis came when legislators approved of making everyone even with a dubious background a mortgagor. Government is there to keep you in check of what is right and what is wrong generally. They failed on their jobs when they turn a blind eye. In my country, it's not the policy that is questioned but the people in the system. The corruption here is staggering.
Would have done well to leave things as they were going and keep the govt out. Yes, there was still poverty but it was being dealt with, and people had a sense of obligation...that's all gone now. Govt doesn't fix anything, if it did, we wouldn't be in the mess we're all in.
@hagbard72 Poverty was nowhere near being fixed using the altruism of wealthy men. It wasn't government regulating the banks that allowed them to lend irresponsibly in the lead up to the recent business, it was the government deregulating i.e. getting out of the way that started the recent mess. The real problem came when government then stepped in to save the reckless lenders. One of the government's jobs is to stand between the powerful and the powerless and in this it has failed miserably.
@thefrockdoctrine How are you going to properly regulate when the regulators turn around and take jobs with the industry they're regulating? There seems to be plenty of regulations, they didn't work. What would work is allowing those who engaged in risky behaviour pay the price of that risk and not the taxpayer.
As for the altruism of wealthy men, what brought up the standard of living wasn't altruism but self-interest. That's what created the middle class.
@hagbard72 The failure of regulation wasn't a failure of government it was policy. Politicians behave like this because they respond to the people who shout the loudest, currently the banks. We prevent fraud and stop the revolving door between government and industry by making it illegal. This stuff is not rocket science because we have plenty of examples of it working. Regulation worked perfectly well until the banks captured the mechanisms of government. The failure of regulation is recent.
Government can't do everything and I know it is the founding principle of the United States, but the problem is that the American entrepreneurs and tycoons didn't want to protect their long-term interest, (the altruistic decisions) For example, our rich people blocked the laws against the White Collar Crime and finance crime becomes rampant
By the way, it is the GOP, the Cult of Tax Cut, that bailed out the banks in 2008
Hello, I like you.
azamatbagatov 4 days ago
49:35 Fairness ... but for your own people only. right?
jimdidr 1 week ago
Ukipworrier, good point. Having someone with your rhetorical skills on the UKIP side means the rest of us can relax.
thefrockdoctrine 1 month ago
@thefrockdoctrine Bankers are being used like the Jews in 1930's Germany.
ukipwarrior 3 weeks ago
@ukipwarrior Stop stealing other patients tablets.
thefrockdoctrine 3 weeks ago
@ukipwarrior so who are the puppet master
die101 2 weeks ago
@die101 the capitalist pigs!!
ukipwarrior 2 weeks ago
@die101 The real puppet masters are the security services and the autonomous state. They can act outside of the law, beyond government control and national boundaries. The bankers are a side show compared to the power of organisations like the CIA, MI5, MI6, The Dept. of Homeland Security, Mossad, the FSB, Bureaus 1 and 2 of China's Ministry of State Security. The list is endless. Plus countless other departments. Google Statewatch and "Lobster- Journal of Parapolitics" for more info.
thefrockdoctrine 2 weeks ago
If you want income equality then move to Ethopia
ukipwarrior 1 month ago in playlist Financial Docs
@ukipwarrior
If you want income inequality come to Mexico.
TJPinoy 3 weeks ago
@TJPinoy I would prefer we didn't race to the bottom to gauge income inequality. I understand that it's bad in Mexico and Ethiopia but it doesn't follow from that we should stop trying to improve things here in the UK. Perhaps it would be better if we tried to lead by example rather than telling other countries what to do. Something which is usually met with cries of "colonialism".
thefrockdoctrine 3 weeks ago
@TJPinoy if you want income equality, come to somalia.
teddythebenny 3 weeks ago
Actually, this concentration of wealth in a few guys, who then arbitarily dole out some of it to the charities of choice is the most effecient and productive way to acheive a civilised society. I think that we should drop the teraching of "fair" and "sharing" in kindergardens, when this only contradicts what we get told later about the virtues of competiton. This would ensure that the brightest and strongest can begin buisness building at the very earliest point, using other kids milk money.
Morthund 1 month ago
The redistribution of wealth principle is great but isn't implemented well enough.
XXXXJosefXXXX 2 months ago
Yes, I agree with thefrockdoctrine counter arguments. The sub-prime mortgage crisis came when legislators approved of making everyone even with a dubious background a mortgagor. Government is there to keep you in check of what is right and what is wrong generally. They failed on their jobs when they turn a blind eye. In my country, it's not the policy that is questioned but the people in the system. The corruption here is staggering.
XXXXJosefXXXX 2 months ago
Would have done well to leave things as they were going and keep the govt out. Yes, there was still poverty but it was being dealt with, and people had a sense of obligation...that's all gone now. Govt doesn't fix anything, if it did, we wouldn't be in the mess we're all in.
hagbard72 2 months ago
@hagbard72 Poverty was nowhere near being fixed using the altruism of wealthy men. It wasn't government regulating the banks that allowed them to lend irresponsibly in the lead up to the recent business, it was the government deregulating i.e. getting out of the way that started the recent mess. The real problem came when government then stepped in to save the reckless lenders. One of the government's jobs is to stand between the powerful and the powerless and in this it has failed miserably.
thefrockdoctrine 2 months ago
@thefrockdoctrine How are you going to properly regulate when the regulators turn around and take jobs with the industry they're regulating? There seems to be plenty of regulations, they didn't work. What would work is allowing those who engaged in risky behaviour pay the price of that risk and not the taxpayer.
As for the altruism of wealthy men, what brought up the standard of living wasn't altruism but self-interest. That's what created the middle class.
hagbard72 2 months ago
@hagbard72 The failure of regulation wasn't a failure of government it was policy. Politicians behave like this because they respond to the people who shout the loudest, currently the banks. We prevent fraud and stop the revolving door between government and industry by making it illegal. This stuff is not rocket science because we have plenty of examples of it working. Regulation worked perfectly well until the banks captured the mechanisms of government. The failure of regulation is recent.
thefrockdoctrine 2 months ago
@hagbard72
Government can't do everything and I know it is the founding principle of the United States, but the problem is that the American entrepreneurs and tycoons didn't want to protect their long-term interest, (the altruistic decisions) For example, our rich people blocked the laws against the White Collar Crime and finance crime becomes rampant
By the way, it is the GOP, the Cult of Tax Cut, that bailed out the banks in 2008
inferno0020 2 months ago
:20 "WANKERS!"
PR1392YT 2 months ago