Globalization
POSTED BY: deepgirl187
UPDATED: Tuesday, August 26, 2025 22:20
VIEWED: 9221
PAGE 8 of 15
Kaneman, I understand where this is leading to.
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Always look upstream.
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Meanwhile, Fletch2 has focused on my throwaway line (Why have credit at all?) and failed to dispute my thesis that profit undercuts consumption. He makes rather blanket statements that "profit is spent like income" but it isn't necessarily. As I said b4 there are only three things that profits can go to:
1) Consumption: It goes to the retirees who own stock and they use it to purchase goods, or to the majority shareholder who buys a mansion.
2) Speculation: People use if to buy items which have been previously produced (gold, comics, currency etc.) which does not increase employment
3) Investment: A business owner improves his product, improves his production process, relocates his business, reduces his costs thru automation, or improves his market share through acqusition.
SOME profit is spent like income. But some profit is spent in way that may as well be putting it in a mattress (speculation) and some is spent in ways that reduce labor. The wise businessman will spend the majority of his profit trying to get ahead of the competition.
BTW, "total automation" is not a likely endpoint of capitalism, but Fletch2 can't deny that it takes a lot fewer people to produce a particular item than before.
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Always look upstream.
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And consequently that item becomes cheaper and more people can afford it than before. So you sell more of it and create more wealth.
I really hate to say this but I'm feeling pretty lousy (my arms arch like I was carrying something and I wasn't... got me a lil worried actually.) So I'm off to bed.
Speculation is akin to gambling, to suggest it's the kind of things all business do as SOP is false. To say so is like saying all workers run pyramid schemes on the side.
Anyway, I need to lie down. Have fun in Sigville and watch for the guy with the twurly moustache and the top hat.
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Quote:Since you'll be in bed I guess I won't have to watch.
watch for the guy with the twurly moustache and the top hat.
Hope you feel better tomorrow.---------------------------------
Always look upstream.
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To continue: The drive to maximum profit (which is pretty much required of any publicly traded business) has only one endpoint: Money accumulates in fewer and fewer hands. That is, as I said before, the genesis of depressions and the raison d'etre of our "monetary" policy (ie a policy of manipulating the money supply).
Considering that the division between the poor and the wealthy is higher now than since the 1920s (could say the same for China and Russia as well) makes me think that we're due for a crash.
Hmmm.... good thing that my investment in far East, south Asian and Russian currencies is coming to a close. I'll have to think about who is going to weather the storm better.
Say Rue, since we bought gold at $640 and it's now $750, maybe we should sell? Gee, too bad I don't know anything about money.
Question is, what do we buy with the proceeds?
Let's talk.
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Always look upstream.
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Real estate. Buy out some of those folks who got the sub-prime mortgages and didn't have clue what 'teaser rates' really meant.
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Eh - we both have substantial real estate, acquired many years ago when it was (relatively) cheap.
Anyway, I'm going to hang onto my gold for a while. It'll go up and down with the market, but ultimately I feel it will top out over $850 US.
This requires thought - what next ?
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"Global warming - it's not just a fact, it's a choice."
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Sounds like things are going pretty well up there in the top 1% Signy and Rue.
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Quote:
Originally posted by SignyM:Quote:Since you'll be in bed I guess I won't have to watch.
watch for the guy with the twurly moustache and the top hat.
---------------------------------
Always look upstream.
ROFL..Wow!!!..Why is this the funniest post ever? Holy-god that was Hilarious....Oh, my...bahahahahah....that is taking something out of context...hopefully.
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BDN - I'm not in the top 1%. BTW I went through college with literally the clothes on my back as the entire sum of my wealth, and worked minimum wage jobs to pay tuition, rent and food (but never did have enough money to buy books). You'd have a hard time making a case for me being privileged.
And you ? What have you done with your pathetic little life ?
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"Global warming - it's not just a fact, it's a choice."
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