Study shows powerful corporations really do control the world's finances
August 19, 2011 by Bob Yirka
Network topology with a zoom on some major transnational corporations in the financial sector. Image from arXiv:1107.5728v1 [q-fin.GN].
(PhysOrg.com) -- For many years conventional wisdom has said that the whole world is controlled by the monied elite, or more recently by the huge multi-national corporations that seem to sometime control the very air we breathe. Now, new research by a team based in ETH-Zurich, Switzerland, has shown that what weve suspected all along, is apparently true. The team has uploaded their results onto the preprint server arXiv.
Using data obtained (circa 2007) from the Orbis database (a global database containing financial information on public and private companies) the team, in what is being heralded as the first of its kind, analyzed data from over 43,000 corporations, looking at both upstream and downstream connections between them all and found that when graphed, the data represented a bowtie of sorts, with the knot, or core representing just 147 entities who control nearly 40 percent of all of monetary value of transnational corporations (TNCs).
In this analysis the focus was on corporations that have ownership in their own assets as well as those of other institutions and who exert influence via ownership in second, third, fourth, etc. tier entities that hold influence over others in the web, as they call it; the interconnecting network of TNCs that together make up the whole of the largest corporations in the world. In analyzing the data they found, and then in building the network maps, the authors of the report sought to uncover the structure and control mechanisms that make up the murky world of corporate finance and ownership.
To zero in on the significant controlling corporations, the team started with a list of 43,060 TNCs taken from a sample of 30 million economic actors in the Orbis database. They then applied a recursive algorithm designed to find and point out all of the ownership pathways between them all. The resulting TNC network produced a graph with 600,508 nodes and 1,006,987 ownership connections. The team then graphed the results in several different ways to show the different ways that corporate ownership is held; the main theme in each, showing that just a very few corporations through direct and indirect ownership (via stocks, bonds, etc.) exert tremendous influence over the actions of those corporations, which in turn exert a huge impact on the rest of us.
The authors conclude their report by asking, perhaps rhetorically, what are the implications of having so few exert so much influence, and perhaps more importantly, in an economic sense, what the implications are of such a structure on market competitiveness.
More information: The network of global corporate control, Stefania Vitali, James B. Glattfelder, Stefano Battiston, arXiv:1107.5728v1 [q-fin.GN] http://arxiv.org/abs/1107.5728
Abstract
The structure of the control network of transnational corporations affects global market competition and financial stability. So far, only small national samples were studied and there was no appropriate methodology to assess control globally. We present the first investigation of the architecture of the international ownership network, along with the computation of the control held by each global player. We find that transnational corporations form a giant bow-tie structure and that a large portion of control flows to a small tightly-knit core of financial institutions. This core can be seen as an economic "super-entity" that raises new important issues both for researchers and policy makers.
Via Sciencenews.org
© 2011 PhysOrg.com
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Aug 19, 2011
Rank: 2 / 5 (26)
The Gob'mint? Yeah, like that has worked out well over the past century. Every time the police power of the State is used to control monetary and fiscal policy, havoc ensues.
Aug 19, 2011
Rank: 4.7 / 5 (15)
Aug 19, 2011
Rank: 2.5 / 5 (19)
are public companies? Meaning the company is owned by shareholders. Shareholders like union pension funds, state pension funds, 401ks......
Aug 19, 2011
Rank: 4 / 5 (26)
http://www.youtub...lx3GnLGs
We know how to build an economy! We are the Tea Party!!
Submit little cattle and obey your wealthy masters!
Buy designer clothes! You can at least pretend to be wealthy!
We will cut taxes on the wealthy, hell, why do we tax the wealthy anyway? Let's not tax them at all! We will raise taxes on the bottom 90%, that'll show them!
Aug 19, 2011
Rank: 4.8 / 5 (19)
Like half the companies in that diagram had to be "bailed out" by the U.S. gov'ment that Rygg and shootist hates so much. The corporations owned the gov'ment, hid their money in off-shores accounts, and then raped the people.
Yah, Corporations are such a good lot to leave in control of the world.
Half the ones on the list are bankrupt, or else falsifying records just so they could rob people some more.
Aug 19, 2011
Rank: 3.8 / 5 (12)
The structure itself is not evil, it's just how our complex society relates to the material realities of living on a single world at our population and technology level.
The problems we face are more related to individuals and groups who use this structure to overpower rational forms of limited government and do harm to human life to fulfill their own ego-centered motives.
The ability of people to prevent abuses and preserve rational self-government hinges on our ability to understand great powers, their relationships, and assemble the totality of its construct in our minds.
Sadly, the ability to do so is strongly discouraged and even purposely disrupted by those hiding within it as anonymity grants them security and keeps the governed impotent.
Aug 19, 2011
Rank: 1.9 / 5 (15)
Lacking this, the study's authors paint a misleading picture of the world controlled by "147 companies who control nearly 40 percent of all of monetary value of transnational corporations (TNCs)" Instead, it's government controlling these and most other corporations.
Aug 19, 2011
Rank: 4 / 5 (12)
We need to establish a realistic criterion for identifying the controlling parties between governments and corporations. If Government officials and corporate officers are often the same individuals, shouldn't they be considered the same entity?
We traditionally view such relationships as corruption or corporatism, but the public does not generally perceive this as a negative due to the manipulation of information flow. Regardless of public perception, the effects of widespread corporatism is the distortion of social government and eventually the collapse of social stability as the dominant entities help themselves to the resources of the helpless.
Without understanding the structure and identifying the factions, we can't form effective strategies to combat the destructive effects of human error at this scale.
It's really the same problem confronted by our Founding Fathers when considering the limits and balance the republic. They distrusted corporations also.
Aug 19, 2011
Rank: 5 / 5 (10)
Direct quote from this article "Using data obtained (circa 2007) from the Orbis database". TARP wasn't until 2008. Also, the point in regulation is to prevent this massive corporate power. The idea that large corporations will stop getting larger and more powerful if we regulate them LESS is preposterous. We need to elect people who will stand up against these businesses and the corrupt/dangerous practices that lead to economic distress.
Aug 19, 2011
Rank: 2.5 / 5 (13)
Running things is a full-time job best left to People who know what they are doing, and not the public who will always act based upon rumor, fashion, and hype.
This includes pseudo-intellectuals like yourself whose fashion statements only include bigger words in much longer sentences.
Aug 19, 2011
Rank: 2.1 / 5 (17)
http://online.wsj...610.html
The few that exert the influence are the govts.
The many that exert the most influence are the customers, if there are free markets for competitors.
Aug 19, 2011
Rank: 3.8 / 5 (16)
You're either an idiot, or a deciever...
Automation removes the demand for labor, moron.
This then removes the SUPPLY of money in the hands of everyone else who would have had jobs, moron.
You know nothing.
Because of patent laws and because of a tax system that allows the wealthy to hoard wealth indefinitely, this further concentrates wealth in the hands of a few people, while 14 million in the U.S. alone have no jobs, and that's only if you count the ones who haven't yet given up looking...
Your insane elitist world view is about to crash over the next several years as normal people will become sick and tired of being controlled by banks and a few other companies that own everything through "legal", yet evil practises.
Aug 19, 2011
Rank: 4.7 / 5 (13)
Aug 19, 2011
Rank: 2.3 / 5 (12)
The People who ARE involved in these Endeavors are far more educated than you, far more experienced, and far more clever at maintaining their Control and evading detection, than you. Or anybody you know.
Further, their modus operandi changes frequently to match evolving market conditions. They have teams of top notch advisors to monitor these conditions and maximize their operations.
In short, you have no chance of understanding what They do or how They do it, much less affecting Their ability to do what They do or preventing Them from doing it to YOU.
Got any other bright ideas?
Aug 19, 2011
Rank: 1 / 5 (9)
Chop off the experts heads along with the scumy elite bastards.
Problem solved.
What are you bringing to the table?
Aug 19, 2011
Rank: 4.5 / 5 (8)
Shareholders don't generally exercise control.
It would be interesting to see the network of the Boards of Directors in the 50 firms.
Aug 19, 2011
Rank: not rated yet
Aug 19, 2011
Rank: 1.4 / 5 (10)
Shareholders can sell their shares and not patronize the company.
Only a govt and a criminal can use force to take your money.
Aug 19, 2011
Rank: 5 / 5 (4)
so true! like a virus - time to get the immune system up to date.
Aug 19, 2011
Rank: 2.7 / 5 (11)
They're NOT going to let that happen.
But hey - knock yourself out. They're counting on it. Conform or resist - either way They profit.
It's called Win-Win.
Aug 19, 2011
Rank: 2.6 / 5 (5)
No matter. Hail EMPIRE!
Aug 19, 2011
Rank: 1.7 / 5 (12)
Didn't have to be bailed out. Too big to fail in a BAD idea. No organization should be too big to fail.
I don't trust the gob'mint. I don't like corporations. But I distrust the gob'mint more than I dislike corporations. Corporations don't generally have police powers. Corporation cannot force me, on threat of imprisonment, to pay taxes.
So, no matter how 'bad' corporations' are, gob'mint is usually worse. In every manner conceivable.
Aug 19, 2011
Rank: 2.1 / 5 (11)
"More private property rights, more freedom, less politics equals more people living better and longer. Fewer property rights, less freedom and more politics equals stagnation at best. Period. That's the indisputable fact."
"That's just as true for states or provinces as it is for countries. A new study from the Mercatus Center on the campus of Virginias George Mason University confirms that among the 50 states of the U.S., those that allow the most personal and economic freedom are also the ones with the best long-term growth rates."
http://www.facebo...63006703
Aug 19, 2011
Rank: 5 / 5 (8)
Politics and ideology aside, wealth tends to concentrate. A network in which some nodes are more vital than others is inherently more vulnerable and less adaptive. And, as the network coalesces around certain nodes, the number of connection options drops resulting in a reduction of overall "vitality".
If we want our economy/network to grow and be resilient, we need to counteract the natural tendency of resources to concentrate.
Aug 20, 2011
Rank: 5 / 5 (1)
Aug 20, 2011
Rank: 1 / 5 (10)
You said 'political and ideology aside' and then proceed to advocate a political ideology, socialism.
Who is 'we' and what how do you intend to 'counteract the NATURAL tendency'?
Free markets have been proven to increase the wealth and prosperity of all. Soros, Buffet and the 'super rich' oppose free markets because they must then compete. They would rather use govt to control, cheaper and less risky for them.
Aug 20, 2011
Rank: 5 / 5 (6)
The problem is how do we take back the freedoms they continue to destroy.
Aug 20, 2011
Rank: 4.2 / 5 (5)
And just to be balanced, what freedoms might you not have if 'they' weren't busy providing them for you to begin with?
The Empire giveth and the Empire taketh away.
Aug 20, 2011
Rank: not rated yet
There is a documentary about it on youtube, named "the secret of OZ", but is 3 hours long. Too long.
Aug 20, 2011
Rank: 4.2 / 5 (5)
All of the following happened in Florida, in the 1970s.
When I was a lad of 12 and 13, I rode to school on a school bus with other junior high school students. Every school day for two grading periods I carried my Remington model Nylon 66 .22 cal rimfire semi-automatic rifle to school, on this school bus. As did all my classmates that owned .22 cal rimfire rifles. We also carried the ammunition for these firearms.
You see, for one 9 week grading period a year, Physical Education was riflery, with an NRA instructor. 7th and 8th graders with guns. And bullets.
When I was 16 and 17, we would pack our 12 ga. shotguns in the trunks of our cars, or behind the seat of our trucks, and after school, go hunt quail, dove and rabbit, on school property, with, and without, teachers and administrators hunting with us.
Those freedoms are gone.
Aug 20, 2011
Rank: 4.3 / 5 (6)
When I grew up guns were tools, nothing more, nothing less. We had a rifle range in our jr/sr high school, for the rifle team. I took it in gym class.
Population growth naturally restricts all sorts of freedom.
Aug 20, 2011
Rank: 3.7 / 5 (3)
The Jr. High went away when 'middle school' was invented.
No, a complacent citizenry, combined with reaction politics and bureaucratic turtling cause such. It shouldn't.
Many of us are no longer politically complacent.
And there are still localities where such should happen, but won't.
Aug 20, 2011
Rank: not rated yet
that is all, kthxbai
Aug 20, 2011
Rank: 4 / 5 (4)
You are less able to do whatever you want without impinging upon someone elses desire to do so. This is obvious.
Rarely are citizens complacent when they are feeling restricted, as are you.
Aug 20, 2011
Rank: 1 / 5 (9)
Aug 20, 2011
Rank: 1 / 5 (3)
Aug 20, 2011
Rank: not rated yet
However, what TSA and Dept of Homeland Security have done to Air Travel, is a crime. If that doesn't impinge upon the Right to be Secure in your Person and Papers, and the right of Travel, I don't know would.
Aug 20, 2011
Rank: 2 / 5 (4)
The standard response from these same wealthy elite would be:"What 'ya gonna do about it?" Write about it and only set myself up for ridicule, as a conspiracy nut or crack pot. But many do see the same evidence I see and tend to believe. Alien Scientist has informative videos on You-Tube re: this topic. Very enlightening and disturbing, if verified, someday.....
Aug 20, 2011
Rank: 1 / 5 (7)
Why does this regime continue to deny US companies from developing oil resources in the US and Canada so the US can import less and drive down the cost of oil, sending fewer $$ to the middle east?
Aug 20, 2011
Rank: not rated yet
Doesn't an increased population found complacency though? I mean it really increases the number of those , if you consider that the "ratio" remains the same,
the way things work though it's still numbers that count. if you increase the population there is increased issues, and increased fringe ideas, when voting on one point, all those with fringe ideas would be considered "complacent", as their's don't fit with the "yes or no", or "option 1, 2, 3 or 4," their opinion would be considered in the "other" category (the complacent category), and an increased population would increase the ratio of "other categories" to normal ones?
does that make sense the way i wrote it?
Aug 21, 2011
Rank: 5 / 5 (4)
Some corporations operate like the CIA, and I don't mean the Culinary Institute of America, either.
Aug 21, 2011
Rank: not rated yet
Some corporations operate like the CIA, and I don't mean the Culinary Institute of America, either.
Aug 21, 2011
Rank: 5 / 5 (4)
You have that backwards. Mussolini himself stated "Fascism should more properly be called corporatism because it is the merger of state and corporate power."
Aug 21, 2011
Rank: 5 / 5 (3)
George Mason University is just a back door for libertarian Koch hacks to get a degree in shilling as a moll instead of burger-flipping http://exiledonli...rothers/
Aug 21, 2011
Rank: 1 / 5 (5)
Why don't you defend your statist/socialist POVs?
Aug 21, 2011
Rank: 1 / 5 (7)
http://www.busine...8074.htm
Aug 21, 2011
Rank: 1 / 5 (6)
bottlers agreement, which gave Coca-Cola USA the right to enforce standards
necessary to protect Coca-Colas product in the marketplace, including the use of
the trademark, packaging, and quality control, did not give Coca-Cola USA the
total control over day-to-day activities that Plaintiffs alleged. It concluded the
Coca-Cola Defendants therefore did not have the requisite control to be liable for
7
the actions of Bebidas or its employees.6"
http://www.ca11.u...5851.pdf
Aug 21, 2011
Rank: 5 / 5 (7)
That's your rebuttal, the Colombian Vice-President admitting that a worker was killed? And that making an issue of it "in the end" hurts business. MURDER hurts the MURDERED. You're an apologist for killers.
Aug 21, 2011
Rank: 3 / 5 (2)
Aug 21, 2011
Rank: 3 / 5 (2)
"Bedouin trial leaders said the cross-border attack on Israel that killed eight people had included Bedouins as well as Palestinians.
"Marginalized and impoverished at the expense of Egyptians from the Nile Valley who have colonized the choice lands and tourist sites, the Sinai Bedouin have steadily returned to their ancient pastime of smuggling. Their strained relations with Egypts central government, now in the hands of the interim Supreme Military Council, have surfaced in the past months as armed bands blow up the Egypt-Israel gas pipeline five times in as many months and an attack Egyptian police headquarters in July."
-The result of religion-mandated explosive population overgrowth is always war. This is also the Solution to it. Obviously. No other solution exists to present conditions throughout the Arab world, than war, and this is exactly what we are seeing.
Aug 21, 2011
Rank: 1.4 / 5 (7)
Aug 21, 2011
Rank: 3.7 / 5 (3)
"His Majesty's government view with favour the establishment in Palestine of a national home for the Jewish people, and will use their best endeavours to facilitate the achievement of this object"
-Balfour Declaration 1917
The establishment of the Zionist garrison state, and the division of existing nationalist entities among artificial countries throughout the middle east, in order to Manage inevitable conflict, was PLANNED long before the dissolution of the ottoman empire.
We might also suspect that the Zionist movement itself was concocted gens in advance for the express Purpose of founding the western bridgehead, Israel, in the midst of inevitable Moslem turmoil.
Aug 21, 2011
Rank: 3 / 5 (2)
The other great Operator of the 20th century, communism, was also founded at this time. As we can see, Plans for the Management of populations throughout the world based upon their inevitable overgrowth and the resulting conflict, were being laid. The great Land Grab in Africa was begun by these new powers to secure the resources needed for the coming conflagrations.
Afterward Empire emerged from the ashes, stronger and more consolidated than ever, in firm control of the entire world. East and West. Two sides - One Coin. The Enemy of Leaders has always been the people.
Aug 21, 2011
Rank: 5 / 5 (1)
"In 1916, things looked bleak for Britain, as German artillery was taking a heavy toll on Britains soldiers. A brilliant Jewish man, Chaim Weizmann, invented a formula to rapidly product TNT which helped the British win the war. Prime Minister David Lloyd George asked Weizmann what he wanted. He requested a national homeland for the Jewish people in Palestine. On November 2, 1917, the Balfour Declaration was drawn up by Arthur J. Balfour, the British Foreign Secretary. In 1917, General Allenby, who was a Christian, entered Jerusalem and took control of Palestine from Turkey. The control of the holy land went from a mostly Muslim nation to a mostly Christian nation in one day."
Instead of making it up, read your history. Self-hating Jews are a danger to themselves and others, given the rise of anti-Jewish sentiment in the present day world.
Aug 21, 2011
Rank: 2.3 / 5 (3)
Israel was CREATED to serve a Purpose. Its existance in its present state is VITAL to the future of civilization. You honestly believe that such Conditions could have been created because some PM thought it would be nice if he did some chemist a FAVOR?? Are you THAT freeking naive??
Hey did you hear the one about how the grand canyon was dug by paul bunyan and his blue ox babe ruth, to keep illegals out of the US?
Hey did you hear the one about how ww1 was caused by some archduke getting shot in serbia? The Reality of that was that the Powers had been Prepping and Priming Europe for that war for decades with secret treaties and army building.
The war was Conceived, Choreographed, Directed, and Managed from start to premature finish. Because it was absolutely and unavoidably Inevitable given the religious cultures existant at the time and the effects of industrialization on population growth.
Aug 21, 2011
Rank: 2 / 5 (4)
"There is a strong tradition that the British royal line is the continuation of the throne of King David of the ancient "United Kingdom" of Israel and Judah."
http://www.johnpr...one.html
In reading the bible with a critical eye you might notice that the people of israel were constantly being used by their priests, the kohannin, and their levite attendants, to establish Order in the midst of chaos.
They were given the promise of freedom by the egyptian aristocrat Moses in return for Service. Instead of freedom they were kept in strict conformance to the Law. Anyone who chose to gain freedom was culled.
They were sent to slaughter their way throughout the levant. And when they had established gods kingdom, it was divided and one half set against the other.
Slaves freed to fight someone elses battles. And after Order was established they were again enslaved by assyrians and babylonians.
Aug 21, 2011
Rank: 2.3 / 5 (3)
This was the only way to prevent the degeneration of society caused by overpopulation. The people would ALWAYS blame whatever Authority was in control for their misery, no matter how benevolent or egalitarian it would try to be. Increasing unrest always led to further restriction of freedoms and decline of Order, resulting in revolt and collapse.
Pragmatic and desperate Leaders joined together to resolve their mutual Problems; their tribes were pitted against one another in constructive ways. The resultant culture was resilient and strong. it could resist incursion. It could endure. An EMPIRE could emerge.
And it rules the world today.
Aug 21, 2011
Rank: 2.3 / 5 (3)
http://www.youtub...vANgw9Mk
-And certainly not his exclusively. Worth watching the entire thing, despite bad camera work.
Aug 21, 2011
Rank: 1 / 5 (1)
This is who controls most of things.
Aug 21, 2011
Rank: 4 / 5 (5)
Debates require counterarguments, while you have provided none.
Aug 21, 2011
Rank: 4.5 / 5 (2)
"Yes, I hate all of humanity too, including myself. But I love all of my cats."- Meshuggeneh1923
Your personal frustrations color everything you say, making your arguments worthless. If you weren't so obnoxious, I'd feel sorry for you- but now I just think you're a schmuck.
Aug 21, 2011
Rank: 5 / 5 (1)
Aug 21, 2011
Rank: 4 / 5 (4)
Aug 22, 2011
Rank: 1 / 5 (3)
Thus, the diversity of knowledge remains Forest of Peace has come up with something let that ITECT and you all can be there!
Aug 22, 2011
Rank: 1 / 5 (2)
Thus, the diversity of knowledge remains Forest of Peace has come up with something let that Invest in our Childrens Future and you all can be there!
Aug 22, 2011
Rank: 1 / 5 (2)
"Yes, I hate all of humanity too, including myself. But I love all of my cats."- Meshuggeneh1923"
-Uh that was sarcasm? Lack of Sinn für Humor is an indication of a shallow personality. So sorry for your lack.
-If you have specific issues in regard to my historicism I would be happy to elucidate.
Aug 22, 2011
Rank: 3 / 5 (6)
If you compare the behavior of the participants in this thread to the order of the controlling factions, you will see we lack the singularity, solidarity and shared concept of totality that gives the masters strength.
The problem for us isn't that we're unintelligent, it's that we're too distracted and petty to share a common vision and will. Normally our leaders and religions would provide this conceptual core, but our "leaders" and "religions" today are predatory and pathologically deformed.
Our Internet is our greatest asset against these predators; it gives our minds the ability to conceive the totality of human activity. It also gives us the ability to communicate to each other and form the indomitable conceptual core we lack.
Aug 22, 2011
Rank: 3 / 5 (2)
Aug 22, 2011
Rank: 3.7 / 5 (3)
??Maybe its only a constructed totality within his mind. Wonder if he thought of that?
-He used the phrase 'Founding Fathers'.
Aug 22, 2011
Rank: not rated yet
Lessee, something topical...'Power factions' the paranoid buzzphrase does not equate to the possibility of People working behind (or above, way above) the scenes in order to ensure that humanity doesnt destroy itself, does it? No, it does not.They have obviously been at it for far longer than that. Big business competes the way monarchies used to. Unfairly.
Paranoia is not a very good moderator of judgement. There are People in this world who know far better how to run it than we do. Thank god for that.
They get paid very well for what They do. Is that what bothers Arkaleus? Theyre better at making life work than he is maybe?
Aug 22, 2011
Rank: 1 / 5 (5)
Who but the govt can legally create money?
Govts aggressively protect that monopoly, but the study does not address this issue.
Aug 22, 2011
Rank: 5 / 5 (2)
Governments don't create money. They deferred that right to central banks owned/controlled via shell companies by the Vatican Rothschilds bankers and the Rothschild/Morgan/Warburg/Schiff bankster syndicate. The sole three governments that create their own sovereign currency are war targets of the US government, namely N. Korea, Iran and Libya. Coincidence? http://www.youtub...DzEqdvb0
Aug 22, 2011
Rank: 1 / 5 (6)
Govts DO have the responsibility for their money supply, which is why inflation is so common.
Aug 22, 2011
Rank: 4 / 5 (4)
---
So you would agree then that children have the same rights as adults. They are part of your "all" category aren't they? Or are rights not universal for all people in contradiction of your Randite ideology?
I take it that you believe - as do all other Libertarian/Randites that laws against drug use, prostitution and so called "victim-less" crimes are also illegitimate and should be abolished?
---
Some of us still continue to await your answer.
Aug 22, 2011
Rank: 3.7 / 5 (3)
http://news.yahoo...896.html
An interesting social experiment. I can't wait to see the results.
Aug 22, 2011
Rank: 3.7 / 5 (3)
In reality presidents that take on central banks and issue sovereign currency, not created out of debt, tend to die shortly thereafter. Kennedy was to issue silver certificates the day after he was murdered. More recently Rep. Giffords was shot by a member of her synagogue after instigated a FED audit. As for selecting the FED chairman, you forget that the FED is a private bank, no more federal than Federal Express. The president has no authority to say anything about the FED, or other private companies, other than what ceremonial positions the banksters will entertain to fool gullible people as yourself.
I would like to see where you found the FDIC regulating the Rothschilds. It is rather the reverse, I suspect.
Aug 22, 2011
Rank: 3.4 / 5 (5)
Rather than use the power of language to insult and blockade our neighbors, we should listen, teach, and share data. Our senses are multiplied by our technology and our networks allow us to grow more aware than any tyrannical combination.
The power factions are powerful but untalented and deranged, this is why the outcome of their concentrated power results in systemic collapse rather than the impossible global "empire" the madmen clamor for.
Their dynastic offspring are even more degenerate, inheriting vast powers without the ability to care for life, delivering themselves and their dominions to the inevitable outcome of entropic self-annihilation.
The power factions are evil-natured, and can't complete the social equation of balanced and healthy life; therefore the natural forces of the universe will utterly destroy them.
Aug 22, 2011
Rank: 3 / 5 (4)
Additionally these People have a unique ability to select teams of consultants and workers who themselves are among the most accomplished in their professions. They spend the greater part of their lives finding ways of using conditions to their best advantage.
They are also in competition with others who are busy doing the same thing.
And you, arkaleus, really think you have sufficient acumen to understand the constructs they devise? Decades and teams and billions?
Aug 22, 2011
Rank: 3.7 / 5 (3)
Aug 22, 2011
Rank: 1.7 / 5 (6)
"In fact, if law were restricted to protecting all persons, all
liberties, and all properties; if law were nothing more than the
organized combination of the individuals right to self defense; if
law were the obstacle, the check, the punisher of all oppression
and plunderis it likely that we citizens would then argue much
about the extent of the franchise?"
http://www.fee.or..._Law.pdf
I am certain VD won't understand.
Aug 22, 2011
Rank: 1.7 / 5 (6)
"It is easy to understand
why the law is used by the legislator to destroy in varying
degrees among the rest of the people, their personal independence
by slavery, their liberty by oppression, and their property
by plunder. This is done for the benefit of the person who makes
the law, and in proportion to the power that he holds."
http://www.fee.or..._Law.pdf
This is what he and his fellow socialists support.
Aug 23, 2011
Rank: 3.7 / 5 (3)
Aug 23, 2011
Rank: 5 / 5 (5)
You "answer" only with a quote in the form of a rethorical question, Marjon. (If you point is that VD's question was rethorical itself, you could just say so, though I don't think that was the case anyway.)
You're quote leads one to conclude that you believe the law to be out of scope. No surprise there. But that doesn't answer the question of whether you believe "children have the same rights as adults." The question of the scope of the law is of a different order. You are skirting the issue, as usual.
Your 2nd quote would indicate that you believe all law should be abolished (not just laws against victimless crimes). Is that so? That at least would be consistent with that fact that you advocate the law of the jungle, along with the legitimacy of have any kind and number of weapons and even private armies.
Come on Marjon, tell us what YOU really think, or is that simply too much to ask of any politician?
Aug 23, 2011
Rank: 4 / 5 (4)
I infer by your 'reference' to 'the Measurer' that you are a religionist? But I can glean little else from your 'post'. What is it exactly that you are trying to 'say'?
You do know that religions are going to destroy the world unless they are cast off don't you? ALL religions. Including yours.
None are safe. All the same. All must GO.
Aug 23, 2011
Rank: 5 / 5 (3)
You advocate for the ownership of any kind and number of weapons
You advocate for private armies (which sort of follows from the above)
You advocate the personal printing/minting of currency
And you advocate the abolishment of the law.
So basically you're simply for the "law of the jungle", everyman for himself, keep your powder dry sort of thing. Basically an iteration of a 'militia movement' guy. No law, so no legal protections for anybody. (And this in fact is why, to you, VD's questions WOULDN'T EVEN APPLY, correct?)
You have in the past argued feverishly for rights being God given, so you also believe in 'natural rights', just that it's up to you to defend them any damn way you can and want?
And so, to you, anyone who doesn't agree with this radical, ultra individualistic view is a "socialist" because, well, they believe in some kind of social cohesion?
And FreeThinking, dogbert, Neumenon, and Arkaleus...you AGREE with this view???
Aug 23, 2011
Rank: 4 / 5 (4)
Aug 23, 2011
Rank: 1.7 / 5 (6)
I knew you would not understand.
I, like Bastiat, advocate for the end of legal plunder, aka socialism.
Aug 23, 2011
Rank: 5 / 5 (3)
Well, thanks for clearing that up. It would help a lot if you were less cryptic. Bastiat's quote can easily be taken in a wider sense than only applying to "legal plunder", i.e. taxes.
I also took your reply in the context of VD's QUESTIONS. If abolishment of laws concerning "legal plunder" is all you were referring to THEN YOU STILL HAVEN'T ANSWERED THE QUESTIONS. (Unless what you meant was that adults, like children, shouldn't pay taxes :)
Aug 23, 2011
Rank: 3.7 / 5 (6)
No rational person who values human life advocates any of the things you have listed, except maybe the private creation of "real" currency. I don't consider it virtuous to hoard weapons, raise private armies, or abolish social order or limited laws established by the consent of the people governed by them.
The organizations described by this article are doing many of these things themselves, being superior to national governments by forming their own supra-national government.
They do not abide by any law except their will, do indeed "print" their own worthless debt-based "currency" and manipulate the rest. They use the militaries of national governments they have enthralled as their private mercenaries, exclusively in recent times to dominate the remaining independent minor nations that contain key resources and insure corrupt institutional organs displace any free domestic authority that remains.
They aren't a real "empire", they're more like parasitic thieves.
Aug 23, 2011
Rank: 5 / 5 (4)
As to the The organizations described by this article, esp. international oil and others of that scope, I agree with several of your points, however it is also worth noting that Marjon's Randian philosophy completely backs their behaviour.
Aug 23, 2011
Rank: 5 / 5 (4)
As a case in point, one of the items I should also have listed was:
You advocate a completely unregulated market.
To make this clear, this, to Marjon means a market completely free of government regulations. Marjon believes markets are completely self-regulating/self-correcting.
Aug 23, 2011
Rank: 1 / 5 (5)
There is no such thing.
A market, by definition, is regulated by the participants in the market.
It's not what I believe, it is what has been demonstrated to be true.
Distortions occur when one market participant choose to use violence to coerce others. Of course then the market is no longer free.
Such as when govt regulations coerce mortgage companies to loan money to unqualified borrowers. Or when govt minimum wage coercion drives up unemployment and forces business to close.
Aug 23, 2011
Rank: 5 / 5 (6)
The private and public sectors share one important quality: they are both run by human beings and neither one has a monopoly on angels or demons. Each is vulnerable to human failings. To put all of one's trust in the market is just as foolish as putting it all in the hands of government; the recent near financial collapse has roots in both camps.
Aug 23, 2011
Rank: 1 / 5 (5)
So you were lying before?
Yes, they are, and to benefit some big corporations.
Aug 23, 2011
Rank: 1 / 5 (4)
Only the govt has been granted the 'right' to use coercive force. It is the govt that must bear the responsibility for its acts of commission and omission.
Aug 23, 2011
Rank: 1 / 5 (4)
"That is what is so jarring about this case and not just for Boeing. Without any warning, the rules have changed. Uncertainty has replaced certainty. Other companies have to start wondering what other rules could soon change. It becomes a reason to hold back on hiring. "
http://www.nytime...ex.jsonp
Who has the power here?
Aug 23, 2011
Rank: 5 / 5 (2)
Seriously, you remind me of this lady:
http://www.youtub...UAV7ZiVc
-flowery.
Aug 23, 2011
Rank: 1 / 5 (4)
At least the Somali pirates are honest criminals. They don't hide behind the law.
Aug 23, 2011
Rank: 5 / 5 (1)
Ask me a hard question.
Aug 23, 2011
Rank: 1 / 5 (4)
That's a nice 'progressive' POV.
Aug 23, 2011
Rank: 5 / 5 (3)
No, they are not, not most of the time, at least not in my neck of the woods. I know US pols are more easily bought and sold than their Canadian counterparts, but, seriously Marj, you really think all legal market regulations are created just to fulfill the deep seated control freak urges of politicians for the benefit of big corporations? You have a seriously distorted view of reality. (O.k., not big news, I know, but it still manages to surprise me.)
Aug 23, 2011
Rank: 3.7 / 5 (3)
He suggested his trust in the responsibility of banks had been misplaced: "Those of us who have looked to the self-interest of lending institutions to protect shareholders' equity (myself especially) are in a state of shocked disbelief."
I hope Allen Greenspan is enough of an expert with the qualifications of years of proper education and experience, Ghost, to demonstrate the humbling reality that even they, the geniuses that you play sycophant to, can fail spectacularly.
@Gawad:
"they are both run by human beings and neither one has a monopoly on angels or demons. Each is vulnerable to human failings. To put all of one's trust in the market is just as foolish as putting it all in the hands of government..."
Precisely.
Aug 23, 2011
Rank: not rated yet
Aug 23, 2011
Rank: 3 / 5 (2)
The Benefits of major Events are often only fully realized decades or generations afterward. I like to use Vietnam as an obvious example.
Due to the combined efforts of the french, the Americans, and finally the communists, the obsolete religionist cultures extant in the region were destroyed. Today Vietnam is a stable and productive member of the world community. This is Victory by any measure.
But in the decades following the US withdrawal, our actions were seen as a huge mistake. Importantly, govts were complicit in bolstering this misconception, which lent credence to all the students and liberals who were shamelessly used as an excuse to leave at the Proper Time.
Economic downturns are often concocted when significant changes are necessary. More misdirection.
Aug 23, 2011
Rank: not rated yet
You know it always cracks me up when you guys are so eager to fear the rich and famous and yet are so EAGER to believe the tripe They're willing to feed you when it fits your feel-good theories of the world.
We didn't lose Vietnam. We aren't fighting a war on drugs. All that drug money has been put to very good use over the years, like funding efforts to shut down the southern border now that import quotas have been reached, in the Only Way possible - by ruthless force and terror from the Mexican side.
The housing bubble was predicted for YEARS. Someone devised a very clever way of repackaging it and making it an international problem, thereby enabling it to be Timed and also Used as a powerful Tool for, among other things, destroying individual euro economies and making the need for a stronger EU mandatory.
The entire world is being consolidated. This costs money.
Aug 23, 2011
Rank: 5 / 5 (1)
Aug 23, 2011
Rank: not rated yet
When war is INEVITABLE no matter what is done to prevent it, then it becomes absolutely Essential that it be conducted as rationally and as reasonably as possible.
It's people like you who would ignore these facts and think that calm diplomacy would be enough to fill peoples bellies. It's delusionists like you who would let wars happen by themselves and threaten everything, all the work and effort and suffering that has brought humanity to pinnacle it occupies today.
This if anything could be considered a universal Crime. A crime against humanity.
Aug 23, 2011
Rank: 5 / 5 (1)
Aug 23, 2011
Rank: not rated yet
People like you would rather have seen these children born, many to starve but most to grow old enough to die in battle the jungles, fighting for some religionist/nationalist ideal or another. This endless Cycle has been Ended in the only way possible. This too is Victory.
Vietnamese parents will never again have to fear sending their children off to war, unless some religion such as Islam gains a hold.
Wars are obviously Planned to achieve a predetermined Result, which is not usually what we are led to believe it is. For obvious Reasons. This is called Strategic Initiative. Look it up.
Aug 24, 2011
Rank: not rated yet
We have two sets of laws, Otto. One for adolescents and one for grown ups. As you well may know it's only paper. The paths of shots fired? Targets are soo pointless. You know the projectiles are going to hit something. We don't discriminate.
You already have a premonition of our world after religion.
We did promise you one promise - not to make any promise at all.
We kept our word. March onward, Otto.
Aug 24, 2011
Rank: 1 / 5 (4)
And what does Zionism have to do with anything?
Socialists are no different than the corporations that want to control the state. In the end, who controls the state is less important than the power the state has to control your property, which includes your life.
Aug 24, 2011
Rank: not rated yet
Empire fights wars in order to end them. Because it has to conquer the world you see. For the good of humanity. And it is gradually winning.
So many people, so little time.
Aug 24, 2011
Rank: 1 / 5 (1)
Aug 24, 2011
Rank: not rated yet
Aug 24, 2011
Rank: not rated yet
Silly Otto! Wasn't it BLEEDINGLY OBVIOUS that sven8 was referring to the guy responsible for IPK in the vault at the International Bureau of Weights and Measures in Sèvres, France? DOH!
Aug 24, 2011
Rank: not rated yet
Aug 24, 2011
Rank: not rated yet
http://www.youtub...f_hLPn18
Aug 24, 2011
Rank: 1 / 5 (1)
Win some lose some. My descendents at least have a chance at a future.
Otto DOES have a religion. These guys SPIT when they sing.
http://www.youtub...f_hLPn18
Aug 24, 2011
Rank: 1 / 5 (1)
http://www.youtub...PWINVVEw
Aug 24, 2011
Rank: not rated yet
Aug 24, 2011
Rank: 1 / 5 (2)
Aug 25, 2011
Rank: 3 / 5 (2)
Once again,please explain what you meant by the Measurer. I suspect that you did not mean Julia Childs. Otto made a VERY reasonable guess and instead of clearing things up you acted as if everyone should know by extra-sensory perception.
Ethelred
Aug 25, 2011
Rank: 3 / 5 (4)
That may have been true at one time but now many corporations have gone multinational and thus can evade the regulation of any one nation. Plus, if think it about it for just a moment, some of the most powerful corporations where Swiss and Dutch and those are not powerful countries.
Ethelred
Aug 25, 2011
Rank: 1 / 5 (2)
So this is what anarchy looks like...well it's not great but it's not the wild wild west you leftists have made it out to be after all. Is it?
Either governments which actually have teeth are necessary to keep good order and discipline in economical and political spheres or they're not and we don't have them like you just said. Now you can't have your cake and eat it too Eth...which is it?
Aug 25, 2011
Rank: 1 / 5 (2)
Which doesn't help your point at all. Ever heard of war? If the most powerful corporations were in America you'd at least have some logical consistency.
Aug 25, 2011
Rank: 3.7 / 5 (3)
There was nothing leftist in my post nor in any of my posts UNLESS you think leftist is to the left of Ann Rand or the Cato Asylum. If you consider that some sort of 'leftist' delusion then there is no reality in your thinking.
If you want to show a logical inconsistency in my posts you have to
Find this fantasy you think is there
Deal with something I actually said
And not just make up shit that wasn't there.
So that is another erroneous post for you. And you were stupid enough to give me a one for pointing the error of your first post even though you were unable to actually find anything wrong in it.
You know I do reply to stupidity in kind. True you can't fall much farther but it is still stupid to pick a fight like that. I did not give you a one. Till NOW.
Ethelred
Aug 25, 2011
Rank: 2.3 / 5 (3)
Aug 25, 2011
Rank: 5 / 5 (1)
Unlike what you did last week I did explain what I did.
Which is what I had to do to you since you didn't explain your behavior. I even asked what the hell you were doing and you gave that a one. For asking why you were giving ones.>>
Aug 25, 2011
Rank: 3 / 5 (2)
I 'hosed' you with ones for doing it to me without even one single post in the previous thread. Now you gave me ones with a bogus whine about the well earned ones you got in return.
Of course you will also get ones for doing idiotic things like pretending that progressive = communist. Which is what I give Marjon and Antithinker ones for. They lie like that and earn the ones.>>
Aug 25, 2011
Rank: 1 / 5 (1)
Consider as an example, Shell, a nominally Dutch, multinational corporation. Now, the nature of the resource they exploit and where they often do so makes it more troublesome (but not at all impossible) for any government agency to closely monitor/inspect their operations, but for the Dutch government, which is relatively limited in terms of resources this is particularly problematic.
Now, consider what Shell did (by proxy if you wish) to your part of the Gulf of Mexico.
cont.
Aug 25, 2011
Rank: 3 / 5 (2)
Something I have said many times. That has got to bother the heck out you that you just agreed with something I have been saying for years.
So go ahead and start another war. In this case for giving MM ones AFTER he gave me ones. Idiotic thing to do but if you insist in starting a war I will return the favor. Just as I did last week.
Ethelred
Aug 25, 2011
Rank: 3 / 5 (2)
Let's hear from you first. Again.
Aug 25, 2011
Rank: 1 / 5 (1)
What's the alternative to a gov. with no teeth? What would be the point of gov. at all then? Just having a toothless bunch of managers reduced to making suggestions? You'd end up with legislators, bureaucrats and ombudsmen with no way to enforce legislation, deter violations of the law or any ability to punish those who do violate it. Since you'd be even less effective than Greece at collecting taxes, pretty soon you wouldn't even those. In short order you would have anarchy, and if Marj has it his way Corporate Anarchism.
Gov. with teeth is necessary to keep good order and discipline in economical and political spheres, and the branches responsible for this have to be at arms length from the branches of gov that create the law. And the legislators have to be answerable to the people and to the law & order branches. Division of powers, M_M. If you guys have mucked it up that's another issue.
Aug 25, 2011
Rank: 1 / 5 (2)
Generally I'm not compelled to hand out one's unless I don't understand why I was given a one,... but in any case that was my point,.. the rating system doesn't work.
Aug 25, 2011
Rank: 1 / 5 (1)
Aug 25, 2011
Rank: 4 / 5 (4)
So you directed your angst at me instead of MM this time around? He is the one that gave ones first in this thread. And it was YOU that was giving ones without reasons, now and last week. Yet you attacked me as if it was I that did it. YOU did it.
Yes the system is broken. You helped break it.
It still has uses. I can often tell things about posters by looking at who and how they were ranked. If the timing of the ranking was kept you could even tell who was retaliating months later. As is no can tell that it was YOU that started the crap this time around. Nevertheless it was you and you are whining about the results of your own actions.
Ethelred
Aug 25, 2011
Rank: 1 / 5 (2)
[Though, I think rating a one makes more sense than then "pointless verbiage" mod non-sense we used to get]
Aug 25, 2011
Rank: 4 / 5 (4)
Yes. I returned your behavior. You earned it.
That is pure rationalization of your own behavior.
So why did you do it? I usually don't except with people that already know why. Marjon knows exactly why. Oliver and the few others as well.
If you or MM or anyone else engages in crap like progressive-liberal-anythingbutaRightWingNut = Commie pinko nazi it is going to get a one from me and I am not going to waste time telling why except when it is convenient for me.
At least one of the mods was incompetent. The rule enforcement is still spotty only they do it less often but they get the spammers more. Which is a large improvement.
Ethelred
Aug 25, 2011
Rank: 1 / 5 (1)
Where did you all go? lol
Aug 25, 2011
Rank: 1 / 5 (2)
Where have I done that?
I don't see any negative ratings by you of Vendicar, yet his vitriolic irrational caricature of "evil right wingers" is off the charts stupid.
P.S. FrankHubris is the worst at drive-by one ratings.
Aug 25, 2011
Rank: 2 / 5 (4)
Please do not thread with the sociopaths that infest this forum. They loathe the exchange of knowledge, maniacally striving instead to crush and devour the happy spirit that arises between those seeking to understand their world.
Every sincere expression is a grace to our community. All should enjoy reading those who genuinely want to respect and learn from others, no matter their skill or literacy level.
We need an end to the constant stream of personal insults, psychopathic narcissism, and tantrum-tangents these vandals drag into our community. Our only defense is to bestow the benefit of isolation and silence to these disturbed souls.
We don't need to be corrected or insulted here; we know those who do this write only to attack others and destroy peace. They abuse the liberties granted to all to rail against those same liberties, disrupting the growth of our reason by pelting us with the rotten bits of their broken, tormented minds.
Aug 25, 2011
Rank: 1 / 5 (3)
What are you willing and capable of rationalizing and why?
Aug 25, 2011
Rank: 5 / 5 (3)
This will not be tolerated.Pudel.
Aug 25, 2011
Rank: 5 / 5 (1)
He has lots of ones from me. Lots of fives too because he alternates a lot.
You seem to be in a ranking war with him.
Ethelred
Aug 25, 2011
Rank: not rated yet
Aug 25, 2011
Rank: 5 / 5 (2)
You can't have it both ways, either governments control corporations or it's the other way around. If the latter we have what's called Anarcho-Capitalism. Obviously we don't. What we do have is collusion though, I think that's pretty clear...well at least to me it is. Governments have ultimate power over the situation though. No matter how much money is given to special interests an elected official always has a choice in how they vote, and they can vote to squash any corporation in their jurisdiction out of existence.
Do we need government with teeth? Yes we do. Do we need them to lean on the people and legitimate business as much as they do? No we don't IMO. We're probably all going to disagree on what "legitimate business" is though. For instance I think prostitution, sale of illicit drugs,gambling (and many other things) are perfectly legitimate. A lot of people disagree with me :)
Aug 25, 2011
Rank: 2 / 5 (4)
And they have.
Google learned from Microsoft's anti-trust attack by the govt to hire lobbyists.
Aug 26, 2011
Rank: 5 / 5 (3)
Which is something that can't last without turning into Monopoly Land. Or perhaps corporations hiring Hammer's Slammers to compete with each other. With the occasional Ninja attack on the Suits.>>
Aug 26, 2011
Rank: 2 / 5 (4)
Aug 26, 2011
Rank: 5 / 5 (3)
We still have laws. Its hard to quash a company that is within the laws and not bankrupt like GM was. It is also hard to control a multinational. To give two EXTREEEME examples of companies that no longer exist we can look at The Dutch East India Company and the British East India Company. Both were completely out of hand with private militaries. Nothing like them exists today but more subtle modern variants do.>>
Aug 26, 2011
Rank: 2.7 / 5 (6)
@ethel honey
Teddy was the first trust buster.
Too big to fail = TOO BIG, and shouldn't exist. I, for one, welcome our new anti-trust efforts against Organizations whose Size alone makes their failure a political liability for the ruling party. GM should have been allowed to die, as well as the XXXL-Banks that several trillion$ have been loaned, or given to.
Under a free market, monopolies do not occur. But with the advent of gob'mint subsidies, which all should oppose, the balance is tilted.
Restore balance, re-elect No One.
Aug 26, 2011
Rank: 5 / 5 (3)
Fully agree. I think we have it on paper.
The key word there is 'legitimate'. The financial industry IS out of hand and has been for too long.
Agreed. Besides it can't be regulated or taxed unless it is legal. California does this with the porn industry. Over the dead bodies of political hacks. Only they didn't die.
Depends on the drug. Angel dust is RIGHT OUT. That stuff is dangerous to the people around the users. Amphetamines are another that may not be safe to legalize.
Well, maybe should be legal. I think so. I just don't think of it as 'legitimate' just something that is not going to go away.
Ethelred
Aug 26, 2011
Rank: 5 / 5 (4)
Monopolies are inherent in a purely free market. Without antitrust there will be monopolies.
And don't bother replying Marjon. I am not interested in your lies.
That bit of head in the sand nonsense is why I gave you a one. Amateurs would be the result and they SUCK, at least in their first term in office. See the tea baggers for an example. Or the Gingrich crowd when Clinton was President. And the same would happen if the newbies were Democrats. Newbies are nearly as bad as corruption. Sometimes worse, as corrupt people know they won't get money if there is none to give.
Ethelred
Aug 26, 2011
Rank: not rated yet
Answer: ?
BIG is only a matter of Perspective. Question: How BIG should these things be? Answer: As big as they need to be in order to get the Job done.
Question: Was the USSR too big to fail? Answer: Everybody thought so. And then it just went away. Funny that.
Aug 26, 2011
Rank: 5 / 5 (1)
Either free markets or none, Deception Rules.
Aug 26, 2011
Rank: 2 / 5 (4)
Aug 26, 2011
Rank: 1 / 5 (3)
Aug 26, 2011
Rank: 1.5 / 5 (4)
Prove it.
One of the longest lived monopolies was ATT, which required support of the US govt to exist.
Some 'monopolies' may exist, for a time,when a company achieves significant market share because they provide the BEST products at the BEST price. {Usually what happens is that company rests on their laurels allowing competitors to take market share. That's what happened to Standard Oil.}
What happens then is their competitors whine to their politicians and DEMAND the govt step in to FORCE that company to become less competitive. That is exactly why large meat packers demanded FDA regulations to force their smaller competitors out of business. And this is why Clinton sued Mircrosoft, at the behest of Sun.
'Progressives' like Ethel can't understand what they can't control.
Aug 26, 2011
Rank: 1 / 5 (3)
The govt has a monopoly on money but you blame the industry not the govt that controls that industry.
Aug 26, 2011
Rank: 1 / 5 (3)
http://www.breitb...rticle=1
"Warren Buffett makes $280m profit on Bank of America stake in just 24 hours"
http://www.telegr...urs.html
"Buffett to Host Obama Fundraiser in New York"
http://www.bloomb...-30.html
Aug 26, 2011
Rank: 5 / 5 (4)
If they already control all of the supply, how can others start up companies to compete? Where will they get their supply if not from the monopoly? And then how can they make a profit if they too have to pay the high prices set by the monopoly? In this situation, there's no chance for the self regulating competition that you keep hoping for.
It has nothing to do with wanting to control companies. It has to preventing them from extorting the public in the very simple way I described above.
There's no reason other than having a conscience that prevents these kinds of business practices in a free market, and you sure as hell can't count on that.
Aug 26, 2011
Rank: 1 / 5 (3)
No, I don't. Prices are kept down so they can sell more product and make more profit.
Who are 'they'?
China thought 'they' controlled all the rare earth elements. 'They' were wrong.
Standard Oil reduced the price of kerosene and increased its quality attracting most of the customers. (Those evil ba$tards!).
That's a big IF, which has never happened and is an excuse for 'progressives' to increase control.
Aug 26, 2011
Rank: 5 / 5 (4)
If prices are higher, they don't need to sell as much to make the same profit. If the public is dependent on the product, the amount of product sold will remain the same and prices can be increased at will by the sole supplier with no competition.
There's more to life than the short term.
They bought up competing companies which allowed them to further lower the price allowing more companies to get gobbled up. By then the public/infrastructure was dependent on petroleum products. There's no reason to keep price low without competition.
That being said, I can't say what would have happened if the antitrust laws hadn't kicked in in the 1890s. Neither can you.
Aug 26, 2011
Rank: 5 / 5 (3)
'They' referred to the monopolizing company. China is not a company and rare earths are a natural resource. It is where it is, it's not produced anywhere.
Let's say there's a company that buys and refines most of the world's rare earths. There are some smaller companies that also buy some and sell some.
The larger company comes along and offers to buy out the smaller companies. Some say yes, some say no. The company takes a hit on profits and decides to lower prices for a couple years. The remaining smaller companies can't compete and either accept the offer to be bought or go under. Eventually there's just the big company, so they put their prices back up. Technologically, there's demand for the product and there are no other refineries for these rare earths so prices increase as the company chooses.
Any new startup could be easily bought out or forced under by repeating above.
Aug 26, 2011
Rank: 5 / 5 (3)
Aug 26, 2011
Rank: 5 / 5 (4)
There you are with progressives wanting control again. I don't think it's about control as much as it is about protection. I know I don't want control everything, I just don't want to get screwed over in the name of profit. I don't want to see others getting screwed over either.
I'm assuming there are more than a few other people you'd label a 'progressive' that feel the same way.
Aug 26, 2011
Rank: 1 / 5 (4)
[
You make a lot of assumptions to support your desire for control.
Where is the data that supports your fantasies?
Yes, I can. It has been documented.
"When monopoly did appear, it was solely because of government intervention. For example, in 1890 a bill was introduced into the Maryland legislature that "called for an annual payment to the city from the Consolidated [Gas Company] of $10,000 a year and 3 percent of all dividends declared in return for the privilege of enjoying a 25-year monopoly.[22] This is the now-familiar approach of government officials colluding with industry executives to establish a monopoly that will gouge the consumers, and then sharing the loot with the politicians in the form of franchise fees and taxes on monopoly revenues." http://mises.org/...ly#ref13
Aug 26, 2011
Rank: 1 / 5 (3)
http://www.mining...11-07-22
"Japanese researchers develop EV motor not reliant on rare earth metals"
http://www.nevada...dex.aspx
Aug 26, 2011
Rank: 5 / 5 (2)
Really? The unfulfilled past of antitrust laws not getting passed and Standard Oil retaining its monopoly into the future has been documented? Your example is from a different government created monopoly.
First of all, I do NOT support government aided monopolies. Politicians with profit driven motives used regulation to their advantage in the early/mid 20th century. This is BAD and I'm totally against it.
That being said, the existence of government aided monopolies in the past does NOT discount the possibility natural monopoly.
If you think of the government as a company, the government aided monopolies show what a very large company with huge market share could do to squash any rising competition without regulation to stop them.
How many government aided monopolies have been created in the US in the recent past due to modern regulations?
Aug 26, 2011
Rank: 5 / 5 (2)
The danger isn't in the short term where prices go down while competition exists. The danger is when the market matures to the point where larger companies have formed and being to merge into even larger companies until a monopoly is potentially reached.
Again, there's been no evidence of this because anti-trust laws were enacted near the beginning of the industrial revolution when mass production became a possibility. The market never got to the point of maturity where natural monopolies could exist before the anti-trust laws were passed.
Also, isn't a major reason those government aided monopolies don't exist as monopolies any more due to the use of antitrust laws?
Aug 26, 2011
Rank: 5 / 5 (2)
This was the same with railroads. Different gauges and standards existed throughout the country and much time and $ was wasted transferring cargo until what's-his-name ruthlessly forced them all to sell or go out of business. With the govts help. Southern railroads were left unstandardized which was a major cause of their defeat. Now was THAT Planned? Add it to the list.
Microsoft was one such monopoly of necessity as the new tech could not handle more than one OS. And so competition was suppressed by whatever means necessary.
See how these Things work? The advantages of competition will be allowed if and only if they are of Benefit at a particular time, for a particular market. Because not to do so could be ruinous. Obviously.
Aug 26, 2011
Rank: 1 / 5 (2)
That's all that exist.
What govt monopoly choose Blu ray or VHS tape? Industry does quite well at standardizing when it is their self interest to do so.
"Contrary to popular mythology, Standard Oil's market share declined from 88 percent in 1890 to
64 percent by 1911. Because of intense competition the company's oil production as a
percentage of total market supply had declined to a mere 11 percent in 1911, down from 34
percent in 1898."
http://www.google...;cad=rja
Aug 26, 2011
Rank: 1 / 5 (2)
More 'ifs'.
The govt IS NOT a company. It is a monopoly on power.
False. http://www.google...;cad=rja
"The most important reason for the collapse of traditional antitrust policy is the absence of any intelligent theory that would explain how private monopoly power could exist and be harmful to consumer welfare."
http://www.hillsd...month=10
Aug 26, 2011
Rank: 1.3 / 5 (3)
The theory of market monopoly (reviewed earlier) fails because free markets are open to rivalry and competition. But if government legally restricts entry and competition (as was the case in the trucking industry between 1935 and 1980) then it creates "monopoly power" for the business organizations protected from competition. Government licensing, certificates of public convenience, quotas (both foreign and domestic), legal franchises, and other legal barriers are the essence of resource misallocating monopoly. The firms protected from competition enjoy the advantages of legal monopoly, and the customers and shut-out suppliers are "injured" by this monopoly."
http://www.hillsd.../imprimi
Aug 26, 2011
Rank: 1 / 5 (2)
"In 1916, the American Institute of Electrical Engineers (now IEEE) invited the American Society of Mechanical Engineers (ASME), the American Society of Civil Engineers (ASCE), the American Institute of Mining and Metallurgical Engineers (AIME) and the American Society for Testing Materials (now ASTM International) to join in establishing an impartial national body to coordinate standards development, approve national consensus standards, and halt user confusion on acceptability. These five organizations, who were themselves core members of the United Engineering Society (UES), subsequently invited the U.S. Departments of War, Navy and Commerce to join them as founders."
"Nongovernmental standardization had started twenty years earlier in 1906 with the formation of the International Electrotechnical Commission (IEC)."
http://www.ansi.o...menuid=1
Aug 26, 2011
Rank: 5 / 5 (2)
This is how Empire gets the Important Things done. Similarly there was no 'competition' in dividing Africa up amongst the world powers at the same time. It was done quickly, cleanly, and ruthlessly. The continent had resources essential to the completion of the industrial revolution and the next wars. It was Vital that these did not fall into the wrong hands.
Aug 26, 2011
Rank: 1 / 5 (2)
I imagine would have had much better phones and much better, cheaper service, sooner. That's what happened after the govt ended its monopoly.
Aug 26, 2011
Rank: 1 / 5 (2)
http://www.cato.o...2-6.html
Aug 27, 2011
Rank: 3 / 5 (4)
I get what your saying, but it is not as black and white a picture as you would paint. Take my country, Australia, where a gov. run monopoly teleco ensured the regional (remote and sparesly populated) had access to basic phone services for a long time. Since the privatisation of said teleco we have seen a steady decline in services offered to important rural agricultural areas because of a lack of perceived profitability. This privatisation was carried out by a right wing gov (less gov in business) but we now have a left wing in power which has committed to a National Broadband Network which will ensure optic fibre and or wireless access to everyone, everywhere. After the rollout and infrastructure is up and working a degree of privatisation will occur, but importantly with government oversights that ensure country folk aren't left out.
Aug 27, 2011
Rank: 5 / 5 (1)
Aug 27, 2011
Rank: 2 / 5 (2)
I also hate to agree with marjon on any point, but it's basically impossible for a business to maintain a monopoly without governmental collusion. If they DO maintain a monopoly without government help it's because they're doing GOOD business...period.
Aug 27, 2011
Rank: 3 / 5 (2)
Freemarkets are alive and well in Nigeria-
"President Goodluck Jonathan walked amid the debris left behind after Friday's attack in Nigeria's capital, Abuja. Jonathan toured the shattered reception area of the building, where a suicide bomber crashed an explosive-laden sedan before detonating his bombs.
He promised to address the threat posed by the sect known locally as Boko Haram ['non-Islamic education is a sin') though so far, his weakened government has been unable to stop the group from carrying out assassinations and bombings at will in Africa's most populous nation."
-These freemarketeers would eliminate free markets altogether. Capitalism would not survive without a strong govt to protect it as well as regulate it so that it does not consume itself.
Because as we know, capitalism = competition = war, and as von clauswitz pointed out the best way to win a war is to destroy the enemy and not to capture ground (markets).
Aug 27, 2011
Rank: 3 / 5 (2)
And people can ALWAYS be expected to cheat in either endeavor, because propagating is at the root the ONE thing important enough to fight and die for.
The god of love is indeed a Man of war. History shows us this.
Aug 27, 2011
Rank: 1 / 5 (2)
When the govt begins to plunder, redistribute income, etc., it fails.
BoA is essentially destroyed yet the govt, through proxies like Buffet, are propping it up.
If competition is war we had better stop playing sports and giving grades in schools.
Aug 27, 2011
Rank: 1 / 5 (1)
Aug 27, 2011
Rank: 3 / 5 (2)
The Empire giveth and the Empire taketh away. Perhaps there is private property in the promised land -?
Aug 27, 2011
Rank: 3 / 5 (2)
Aug 27, 2011
Rank: 1 / 5 (2)
"We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness. That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed, "
Aug 27, 2011
Rank: 1 / 5 (2)
liberty, propertythis is man. And in spite of the cunning of artful
political leaders, these three gifts from God precede all
human legislation, and are superior to it."
{Must be one reason Lenin required all communists to be atheists.}
"Life, liberty, and property do not exist because men have
made laws. On the contrary, it was the fact that life, liberty, and
property existed beforehand that caused men to make laws in
the first place."
"What, then, is law? It is the collective organization of the
individual right to lawful defense.
Each of us has a natural rightfrom Godto defend his
person, his liberty, and his property."
"it follows that a group
of men have the right to organize and support a common force
to protect these rights constantly. Thus the principle of collective
rightits reason for existing, its lawfulnessis based on
individual right."
The Law.
The reason socialists can't recognize individual rights.
Aug 27, 2011
Rank: 3 / 5 (2)
Aug 27, 2011
Rank: 1 / 5 (2)
Do you?
Inherent, unalienable human rights are axioms.
The alternative is Auto's world of anti-liberty and anti-happiness.
Aug 27, 2011
Rank: 3 / 5 (1)
The Empire has pledge to bury this truth as an inscription to your tombstone. They told me they are covering all of the costs you incur on them - including divulging their tactics/strategies. They ask me to ask you until then:
What is your price?
Aug 27, 2011
Rank: 1 / 5 (2)
But that should be no surprise as the 'progressives' started the Spanish American War, put the US into WWI which led to WWII, Korea, Vietnam, Cold War, and the current wars against Islam.
Aug 27, 2011
Rank: 1 / 5 (3)
Can you shit on command? Roll over? Play dead?
*claps*
Aug 27, 2011
Rank: 5 / 5 (3)
Free enterprise in the absence of govt control as marjon seems to prefer may deviate from the forms you might be accustomed to. As in nigeria, where markets are determined by the use of force. Versteht? Probably not. Islam prohibits usury, which would be death to capitalism.
Without a govt specifically formulated to protect and regulate the system, an alternate social system can and will take hold to abolish the system and instill its own, in order to LIMIT COMPETITION.
Religionism, communism, organized crime, whoever happens to show up first. The USSR most resembled the church in medieval europe in the conditions it produced, irrespective of what either purported to stand for. The RESULTS were the same. The effects on everyday life were similar for most people.
cont
Aug 27, 2011
Rank: 5 / 5 (3)
Aug 27, 2011
Rank: 5 / 5 (3)
I dont understand why you fail to grasp just how frail free markets are marjon, how susceptible they are to corruption. Perhaps you dont realize that people arent STUPID? At least some people.
Perhaps you dont realize that when markets become full and competition threatens to drive people out of business they become desperate because it is THEIR families who are under threat. They will begin to call in favors in their social groups. They will make threats. They will pay bribes.
I remember when one resourceful businessman cut down a steel bridge to keep a competitor on the other side of the lake. One can always expect similar when times get tough, or whenever competition shows up, really.
Because some people are not STUPID.
Aug 27, 2011
Rank: 3 / 5 (2)
Aug 27, 2011
Rank: not rated yet
"Eminent domain (United States), compulsory purchase (United Kingdom, New Zealand, Ireland), resumption/compulsory acquisition (Australia), or expropriation (South Africa and Canada) is an action of the state to seize a citizen's private property, expropriate property, or seize a citizen's rights in property with due monetary compensation, but without the owner's consent."
-Or without, whichever. 'Due compensation' might be the ability to keep your life or the clothes on your back. I understand FEMA can be good at this, given the right circumstances (or the assumption of such)
Aug 27, 2011
Rank: not rated yet
"Armed men burst into a casino in the northern Mexican city of Monterrey on Thursday and set a fire that killed at least 52 people and injured several others..."
"...it appears six men arrived at the casino in two vehicles, spread a flammable liquid and lighted it. El Norte, a local newspaper, quoted witnesses as saying that at least a dozen men entered and ordered everyone to get out, setting off a stampede for the few exits that was accompanied by explosions, smoke and flames."
-Uh oh Here cum da revenooers to restore freedom and justass:
"MONTERREY, Mexico (AP) The Mexican army is raiding casinos in a northern city two days after an arson attack killed 52 people.
"An official of Mexico's Attorney General's Office says soldiers and federal agents have confiscated hundreds of slot machines at five casinos in the city of Monterrey."
Aug 27, 2011
Rank: 2.3 / 5 (3)
Aug 27, 2011
Rank: 5 / 5 (3)
What is the difference between this and Somalia?
Aug 27, 2011
Rank: 2 / 5 (4)
How is this free?
Free means free from force or fraud for customers choose.
Gangs are just another coercive force, like a govt.
The Mexican govt is just another rival gang recognized by the 'community of nations'.
Aug 27, 2011
Rank: 2 / 5 (4)
http://www.chron....2638.php
The IRS does the same, threaten to shut them down if the don't pay.
Aug 27, 2011
Rank: 5 / 5 (3)
Had they not died then the competition would merely have lost and the consumers would have no choice where to gamble and the govt would have done nothing.
This happens all the time in Mexican free markets.
And in this example the IRS is a part of the conglomerate which burns your business down if you don't pay or leave. They got there because of their good business sense.
Aug 28, 2011
Rank: 1 / 5 (2)
Those that accept the axiom of inherent, unalienable, individual rights.
The mob that controls the IRS has good business sense? Data shows their 'business' is collapsing.
Aug 28, 2011
Rank: 5 / 5 (3)
Corruption is inevitable. How do you propose to stop it? Starve yourself?
"In 1991 Hazare launched the People's Movement against Corruption, a popular movement to fight against corruption in Ralegaon Siddhi. In the same year he protested against the collusion between 40 forest officials and timber merchants."
"Within a few days Anna Hazare's first fast demanding a strong lokpal (on April 5, 2011), supporters across various cities of India started a campaign known as "I Am Anna Hazare"
'I am ryggesoggy2'... Naw it doesnt ring. Better try something else.
Aug 28, 2011
Rank: 4 / 5 (4)
Rarely do 'inherent or unalienable' encompass anyone you should happen to encounter, especially if you encounter them as a business adversary, and their success might mean that your family would have to suffer.
The only way to enforce 'inherent and unalienable' across a wider spectrum of the populace is by an artificial governance which can punish those who do not comply. This costs money. Better to pay them than Guido and the boys isnt it?
After all, at least with the IRS you have some chance to determine how that money is spent. Guido dont care what you tink nohow so shaddup awready an coff up.
Aug 28, 2011
Rank: 4 / 5 (4)
If you shoot an IRS agent you get a trial. If you shoot Guido your whole family dies in a house fire. Which would you prefer?
But hey - maybe da boss likes you. Maybe you should only lose your kneecaps an we call it even, eh? Because nobody can say da boss dont have a heart. NOBODY.