This is complete Nonsense. Speculation is what leads to stability in the financial markets. Speculators did not cause the financial melt down, it was caused by the mortgage crisis. These liberals who put together videos like this are very financially illiterate. If a tobin tax was imposed volatility would dry up in the financial markets and people would move their investing activities elsewhere. Such a tax din't work with Sweden, so why on earth are liberals purposing it here. Learn from History
I still love how vultures are being accused of causing the death of this animal. Just like they cause the downfall of economies. Vultures have an essential role in the natural ecosystem, promoting recycling and starting anew. Speculators do the same. Of all markets to point the finger at in terms of manipulation, to think currency is the target? Most unlikely.
So the countries that bury themselves in debt and practice irresponsible central bank planning are not to blame, only the speculators that see a mispricing of an asset class. This idea is fundamentally flawed.
Your right, the people sitting in air conditioned buildings in rich countries (or the people employing such currency speculators) deserve all that money for producing nothing.... At the end of the day, someone is getting money, and peasants are starving, the mechanism between those two things matters fairly little, it's definitely not right.
You clearly do not understand the buying and selling of risk and the agents involved in global capitalism. You should not blame currency speculators, you should blame the leadership in the countries that have caused a faulty economy. We aren't talking about deserving money, it's about earning it. If you produce something someone wants, you will receive consideration. If you do not, you shouldnt receive something for nothing. buying and selling currency is risky and earns *possible* rewards.
You have an odd sense of risk, the failure to move pieces of paper and numbers in computers around to gain more pieces of paper and numbers in computers is not much of a risk compared to that of starving due to a corrupt government selling out it's people. The countries that bury themselves in debt do not do so at the behest of the population at large. I don't believe the blame lies squarely with currency speculators, but they can encourage instability in some of these economies.
I'm of the philosophy that William Gates and Warren Buffett have done more "good" to the world than mother theresa. Also, starving individuals do not impress me because if the family/parents were not capable of offering a good life to their child they should not have made that child. It requires very little foresight to see if it's worth having children. The irresponsible are placing some of the blame on speculators when they deserve none of it.Also, speculation leads to stability....
I agree with you on the first part, my understanding is that Mother Teresa withheld medical treatment believing suffering was penance, whilst I think Mr Gates and Mr Buffet may be a net positive force in the world, although I don't agree with everything they've done.
I don't think you can call the children irresponsible for their parents having them. I used to think rational economics could solve the worlds problems (as it seems you do), but I no longer think the market holds all the answers.
the markets dont hold the answer but i believe the lessons of the past together with the regulation of today and the morals of tomorrow will create a better environment for rational economics to be more effective and a positive force for even more individuals in this world.
That sounds like a good idea for a tax but I doubt it will ever happen as the big companies and currency speculators have too much riding on this to accept a tax without a fight. Also they will probably argue that if you introduce such a tax financial markets will become less attractive and so an important part of the economy will be lost.
Is it possible to plan capitalism in this way? I don't think so. Capitalism is anarchic--it is based on chaotic accumulated consequences rather than rational, humane planning in the interests of the poor. An economic system dominated by the power of the corporations and banks is unplannable. These corporations have to be taken into public ownership and control and that will involve an almighty battle with the corporations and the establishment.
Thanks for sending that. It sums up what I was thinking when I saw some smug suit on CNN telling people that investing in Thailand is a good thing to do and that the coup hasn't resulted in any "unpleasant scenes" so it's a good time to make a profit. I suppose adverts masquerading as news us not a new thing but no less distasteful for it.
This is complete Nonsense. Speculation is what leads to stability in the financial markets. Speculators did not cause the financial melt down, it was caused by the mortgage crisis. These liberals who put together videos like this are very financially illiterate. If a tobin tax was imposed volatility would dry up in the financial markets and people would move their investing activities elsewhere. Such a tax din't work with Sweden, so why on earth are liberals purposing it here. Learn from History
Jablasian 1 year ago
I still love how vultures are being accused of causing the death of this animal. Just like they cause the downfall of economies. Vultures have an essential role in the natural ecosystem, promoting recycling and starting anew. Speculators do the same. Of all markets to point the finger at in terms of manipulation, to think currency is the target? Most unlikely.
jabu69x 2 years ago
Let me think about this, only for a moment.. Who are behind this channel??
Please, do not censure me and answer sincerely.
Thank you very much.
bocataz 2 years ago
So the countries that bury themselves in debt and practice irresponsible central bank planning are not to blame, only the speculators that see a mispricing of an asset class. This idea is fundamentally flawed.
jabu69x 4 years ago
Your right, the people sitting in air conditioned buildings in rich countries (or the people employing such currency speculators) deserve all that money for producing nothing.... At the end of the day, someone is getting money, and peasants are starving, the mechanism between those two things matters fairly little, it's definitely not right.
redcane0 4 years ago
You clearly do not understand the buying and selling of risk and the agents involved in global capitalism. You should not blame currency speculators, you should blame the leadership in the countries that have caused a faulty economy. We aren't talking about deserving money, it's about earning it. If you produce something someone wants, you will receive consideration. If you do not, you shouldnt receive something for nothing. buying and selling currency is risky and earns *possible* rewards.
jabu69x 4 years ago
You have an odd sense of risk, the failure to move pieces of paper and numbers in computers around to gain more pieces of paper and numbers in computers is not much of a risk compared to that of starving due to a corrupt government selling out it's people. The countries that bury themselves in debt do not do so at the behest of the population at large. I don't believe the blame lies squarely with currency speculators, but they can encourage instability in some of these economies.
redcane0 4 years ago
I'm of the philosophy that William Gates and Warren Buffett have done more "good" to the world than mother theresa. Also, starving individuals do not impress me because if the family/parents were not capable of offering a good life to their child they should not have made that child. It requires very little foresight to see if it's worth having children. The irresponsible are placing some of the blame on speculators when they deserve none of it.Also, speculation leads to stability....
jabu69x 4 years ago
I agree with you on the first part, my understanding is that Mother Teresa withheld medical treatment believing suffering was penance, whilst I think Mr Gates and Mr Buffet may be a net positive force in the world, although I don't agree with everything they've done.
I don't think you can call the children irresponsible for their parents having them. I used to think rational economics could solve the worlds problems (as it seems you do), but I no longer think the market holds all the answers.
redcane0 4 years ago
the markets dont hold the answer but i believe the lessons of the past together with the regulation of today and the morals of tomorrow will create a better environment for rational economics to be more effective and a positive force for even more individuals in this world.
jabu69x 4 years ago
That sounds like a good idea for a tax but I doubt it will ever happen as the big companies and currency speculators have too much riding on this to accept a tax without a fight. Also they will probably argue that if you introduce such a tax financial markets will become less attractive and so an important part of the economy will be lost.
TimEaston 4 years ago
Is it possible to plan capitalism in this way? I don't think so. Capitalism is anarchic--it is based on chaotic accumulated consequences rather than rational, humane planning in the interests of the poor. An economic system dominated by the power of the corporations and banks is unplannable. These corporations have to be taken into public ownership and control and that will involve an almighty battle with the corporations and the establishment.
ChrisEdwards2004 5 years ago 2
Thanks for sending that. It sums up what I was thinking when I saw some smug suit on CNN telling people that investing in Thailand is a good thing to do and that the coup hasn't resulted in any "unpleasant scenes" so it's a good time to make a profit. I suppose adverts masquerading as news us not a new thing but no less distasteful for it.
angrysoba 5 years ago
this is a very very good, quite strong video, in one minute it gives you to think for much much longer...
Guillorogel 5 years ago