It is also bribery by entitlements for votes-overextended bureaucracy- degradation of work and nobly acquired wealth/property- theft by redistribution- loopholes- uncivil politics- false standards and aspirations- etc. How do you define work?
On Oct 30, 7:36 am, archytas <[email protected]> wrote: > A waiter in Rome explained where the 100 Euros our meal for two went - > there were three tiers of owners before he talked about tax! Very > little of our money is invested in productive organisation rigsy - as > low as 15%. The rest is in a bloat system to do with speculation on > very ordinary stuff like our houses and property - even this would be > OK if the financiers weren't dipping this aspect of our collective > wallet. My guess is the real cause of current problems is the > detachment of work from wealth and some general problems similar to > the waiter's complaint on the number of rents to pay. > Current thinking has most of the bloat system as a Ponzi scheme based > on inflation replacing new investor money in the traditional scheme or > pyramid. The Japanese went into it long before we did because of land > restrictions. It was the mid-eighties when I was there and people > were buying options on as yet and never to be built golf courses and > mortgages were often three generations long. > > The big economics term is 'rent' - but this really means 'accumulated > rip-off privilege' (or idlers) as in the waiter's complaint. Some > companies I worked for were so dumb they didn't even do overnight > banking - though one notes the banks were smart enough not to offer it > and take the profit themselves. Economics is like trying to do > biology from Aristotle - stuck in the non-modern. It would be > interesting to take Don's (say) views I mostly agree with apart - our > system is not based on such sound sense - it just pretends to be. We > all lack the facts that would make for really practical discussion. > We could have banking without rich bankers - you could soon manipulate > the spreadsheets I use - the problem is you/we can't get the data that > matters because it's already over-theorised to somewhere south of > Hell. I have never found the work as complex as my role in getting a > bit of a ship built. > > In the end, my suspicion is economics really is war by other means and > we are too scared to form a system that is honest. We cope with > phlogiston theory instead. Unless I find some new work in the next > couple of months I'll be working with Saudis - 99% of that will be > wasted! > > On 26 Oct, 14:28, rigsy03 <[email protected]> wrote: > > > > > What about radical spending/debt? What about the non-reward for > > saving? > > > Lawns should be outlawed and probably will be when clean water is > > precious and rare. I refuse to make coffee from recycled urine or > > other recycled waste water but...the spirit is willing but the flesh > > is weak. > > > On Oct 23, 7:13 pm, archytas <[email protected]> wrote: > > > > Banking is estimated to contribute between 8 and 14% of UK GDP. It > > > will be smaller in most other countries, but is still held to be > > > vital. I doubt the figures but this doesn't really matter At 14% > > > banking matches manufacturing contribution in the UK. > > > > In a business account we always want to reduce bank charges to a > > > minimum. Financial services are a cost to be reduced to minimum. I > > > can never see why we have fallen for the idea that moving money around > > > has anything to do with a productive economy. We would hardly > > > organise hard work like clearing farm land by matching the number of > > > us breaking our backs with a similar number of bankers sitting in > > > armchairs. > > > > I tend to think banking is just a front for organised thieving. We > > > cut out all kinds of management and jobs in manufacturing and it's > > > hard to see how piling bank buildings high with staff makes any > > > sense. In science we generally try to reduce resources going into > > > control to a minimum. We need some radical ideas on how Al Capone is > > > getting away with all the banking going on. My guess is banking is > > > really just a tax mechanism we don't get to vote for.- Hide quoted text - > > - Show quoted text - --
