Program trading is a fine example of why "free markets" need to be regulated. Capitalism is amoral... all that matters is the profit. People need to judge whether actions taken under capitalism create beneficial or detrimental effects for society and the economy and regulate accordingly.JR8 wrote:I'm quite taken aback by the generally rabid commie sentiment shown on this topic, by people who have themselves followed the $-trail to Singapore.
The final irony is that Sergei, who likely comes from a former-communist country, is the only one on the side of the free market.
You really couldn't make it up!
TGIF!
Judge how and who will judge? In USSR government judged, USSR collapsed.Strong Eagle wrote:People need to judge whether actions taken under capitalism create beneficial or detrimental effects for society and the economy and regulate accordingly.
I judge the entire trading community to still be nearly out of control. Actions of a few should not be able to create the kinds of distress felt by the entire world... actions that caused a financial crash and were motivated purely by greed... or, if you will, amoral profiteering.
Sure we do. We create a tangible working environment whereby the employer get an employee that will add bottom line to the company and the employee gets a pay package that allows him to also help his bottom line, at least to an agreeable amount. That's why HR is used to create an employment package and negotiated deals. So both win. If both win, society wins as well.How about HRs? They don't create a tangible product, so why do you think their actions are beneficial for society? Lots of pros and cons.
Nice you have noticed. And this is not the first time and not only when it comes to money but also human rights. Experiencing these two different words gives much better perspective.JR8 wrote:I'm quite taken aback by the generally rabid commie sentiment shown on this topic, by people who have themselves followed the $-trail to Singapore.
The final irony is that Sergei, who likely comes from a former-communist country, is the only one on the side of the free market.
You really couldn't make it up!
TGIF!
It will not work unless you are going to reengineer the human race what will not work neither.v4jr4 wrote:If making too much profit is something "strange", and there's no such perfect system to begin with (or there is, but I'm not aware of), it sounds like we need to try from scratch (i.e. barter system, but even with this, no guarantee that "justice" can be served). Being said, communism doesn't guarantee that "the rank of wealth" won't exist.
Bingo. Or maybe, 21 Dec 2012 is the day for thatx9200 wrote:It will not work unless you are going to reengineer the human race what will not work neither.v4jr4 wrote:If making too much profit is something "strange", and there's no such perfect system to begin with (or there is, but I'm not aware of), it sounds like we need to try from scratch (i.e. barter system, but even with this, no guarantee that "justice" can be served). Being said, communism doesn't guarantee that "the rank of wealth" won't exist.
If Margaret Thatcher is correct, then corporations cannot possibly have the status of "personhood" as they do in the USA.JR8 wrote:'Epitaph for the eighties? "there is no such thing as society"'
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Prime minister Margaret Thatcher, talking to
Women's Own magazine, October 31 1987
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"I think we've been through a period where too many people have been given to understand that if they have a problem, it's the government's job to cope with it. 'I have a problem, I'll get a grant.' 'I'm homeless, the government must house me.' They're casting their problem on society. And, you know, there is no such thing as society. There are individual men and women, and there are families. And no government can do anything except through people, and people must look to themselves first. It's our duty to look after ourselves and then, also to look after our neighbour. People have got the entitlements too much in mind, without the obligations. There's no such thing as entitlement, unless someone has first met an obligation."
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