2010/5/7 Ricardo Aráoz <[email protected]>: > Publius Maximus wrote: >> Pete: >> >> Most of my dad's clients do not have to take their own toilet paper to >> work, but neither are they fabulously wealthy, either. > Ouch! Was that below the belt, or just in the belt line? Couldn't tell.
Not at all, I was just needling Comrade Pete over his proletarian views regarding who invests in the Stock Market. :) > >> Most of them >> are straight middle class folk who over the years have learned to >> invest in the market with their modest wages and built a nice but by >> no means ostentatious nest egg. >> > So, trying to make money without giving anything back. Or gambling (what > you give back then is the risk you take with your money). You have no idea how the market system works. People who have capital and give up the use of it (risking it's principal) so others can have cash to operate business do a lot of good, at least, when they invest wisely. When they do, they reap big rewards, and when they don't, they lose their asses. The problem today is that there are now so many layers of indirection between investor/entrepreneur (or for that matter, doctor/patient, etc) that the pricing mechanism is completely at the whim of powers well beyond the control of either party. > >> Yesterday, a huge number of them had that nest egg cracked wide open >> by quants and corporate button-pressers who have no idea what kind of >> havoc they can cause by their errors. Such is our new technocratic >> thugocracy. >> > Oh stop whining! > IT'S CALLED CAPITALISM DEAR ! ! ! ! > (maybe if I talk to you as a blonde you'll get it) > Don't like it, don't play the game. And if you do play it, then don't > moan when you loose. This is no longer capitalism but something else. In any case, it's technocratic and its thuggish, and the corporations and government have their hands so deeply embedded in each others' pockets that they are not able to separately plunder the taxpayers. (Yes, a play off the definition of a treaty in the Devil's Dictionary.) So they join forces, and pretend to oppose each other for entertainment purposes during elections. - Publius > > [excessive quoting removed by server] _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[email protected] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
