Comments on: Economic worries and the global elite http://blogs.reuters.com/chrystia-freeland/2013/06/17/economic-worries-and-the-global-elite/ Sun, 28 Jul 2013 14:34:09 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: Barni1 http://blogs.reuters.com/chrystia-freeland/2013/06/17/economic-worries-and-the-global-elite/#comment-12881 Sat, 06 Jul 2013 01:49:00 +0000 http://blogs.reuters.com/chrystia-freeland/?p=1990#comment-12881 The problem is that capitalism cannot be made to serve everyone. No matter what is done the plutocrats and their trillion dollar mentors and corporate fronts and irrestible ability to corrupt democratic political systems (they don’t have to control democracy just neutralize it) are non stop 24/7 activities. This means that democracy and democrats and the majority middle class will always be on the defensive to attackers with realistically unlimited funding who never sleep, never stop or even rest and can never be eliminated or neutered. This is ascerbated by the fact that corporatization of the media has concentrated mass media into the sole hands of nameless faceless plutocrats. Powerful economic minorities will always try to frustrate the rule by the majority (democracy) because democracy is a moral undertaking and they are irresolutely amoral as their only value considered before decision or action is dollars and as morality is comprised of human, social and spiritual values – none of which can be measured in terms of dollars – these minority economic elites have zero capability in their active (corporate) sphere for morality and therefore they and corporations must always be actively restrained from taking control. They are like the scorpion in the frog and scorpion ode – “its in their nature” even when it is lethal for themselves, they just cannot resist.

]]>
By: MediocreFred http://blogs.reuters.com/chrystia-freeland/2013/06/17/economic-worries-and-the-global-elite/#comment-12860 Fri, 21 Jun 2013 19:39:24 +0000 http://blogs.reuters.com/chrystia-freeland/?p=1990#comment-12860 …the “intellectual ascendancy of neo-liberalism since 70s may be in retreat.”

I don’t think so.
Neoliberalism is a political philosophy whose advocates support economic liberalization, free trade and open markets, privatization, deregulation, and decreasing the size of the public sector while increasing the role of the private sector in modern society. Kinda sounds like the agenda of the tea baggers, no?

While the author may think; “Making capitalism work for everyone, and not just the plutocrats,…, is our most pressing political and economic problem”. The “problem” is not economic, it is purely political.
In this political climate the supreme court’s one-dollar-one-vote ruling on Citizens United paves the way for the plutocrats to profit from the 1930’s very alive ideals of Neoliberalism.

]]>
By: donee http://blogs.reuters.com/chrystia-freeland/2013/06/17/economic-worries-and-the-global-elite/#comment-12859 Fri, 21 Jun 2013 18:31:43 +0000 http://blogs.reuters.com/chrystia-freeland/?p=1990#comment-12859 The greatest benefit to nations is good government. The greatest damage to good government is created by ignored flagrant conflicts of interest. Try to recognize a problem we face which wasn’t created due to allowed flagrant conflicts of interest. …………………….
Hard, isn’t it?

]]>
By: AllSeeingI http://blogs.reuters.com/chrystia-freeland/2013/06/17/economic-worries-and-the-global-elite/#comment-12857 Tue, 18 Jun 2013 20:13:27 +0000 http://blogs.reuters.com/chrystia-freeland/?p=1990#comment-12857 Wealth inequality is an even bigger problem than income inequality. Taken together, IMO, they are 90% of whats wrong with the world’s economy. The very wealthiest have more money than they can spend in a lifetime. The world is incredibly wealthy, but that wealth is (at this moment) concentrated in only a few hands.

]]>
By: CIbrate http://blogs.reuters.com/chrystia-freeland/2013/06/17/economic-worries-and-the-global-elite/#comment-12856 Tue, 18 Jun 2013 20:03:27 +0000 http://blogs.reuters.com/chrystia-freeland/?p=1990#comment-12856 A few thoughts/observations/recommendations… First, please stop railing against “academics” and “intellectuals.” Refer to the book “Idiot America.” As for dealing with causes and effects, while I agree in the concept, you have to understand the depth of the problem. Take a look at “Saving Capitalism from the Capitalists.” As for keeping government out of business, I can only approve of that if other regulators are given full force, e.g. legal standing and the ability to sue to hold businesses accountable. There has to be REAL enforcement at some meaningful level. Finally, consider “What Money Can’t Buy: The Moral Limits of Markets.” Market capitalism simply doesn’t belong in all fora.

]]>
By: AdamSmith http://blogs.reuters.com/chrystia-freeland/2013/06/17/economic-worries-and-the-global-elite/#comment-12855 Tue, 18 Jun 2013 17:58:14 +0000 http://blogs.reuters.com/chrystia-freeland/?p=1990#comment-12855 @A-Hick said,

“I wonder if any conference vendor is giving away (ornamental gold plated?) promotional guillotine key rings?”

Well said, @A-Hick1 I needed a good laugh. Thanks.

]]>
By: AdamSmith http://blogs.reuters.com/chrystia-freeland/2013/06/17/economic-worries-and-the-global-elite/#comment-12854 Tue, 18 Jun 2013 17:56:14 +0000 http://blogs.reuters.com/chrystia-freeland/?p=1990#comment-12854 An interesting article, with different perspectives.

Thanks.

]]>
By: BidnisMan http://blogs.reuters.com/chrystia-freeland/2013/06/17/economic-worries-and-the-global-elite/#comment-12853 Tue, 18 Jun 2013 07:57:35 +0000 http://blogs.reuters.com/chrystia-freeland/?p=1990#comment-12853 Yes, times are changing and new ways of thinking are on the agenda. However, I want to talk a little of cause and effect. Inequality is an effect. Riots are an effect. Bubbles are an effect. Austerity or money printing are effects. The effects are plain to see. What is the cause? While each must do their own thinking I venture that the real causes are as follows: (I) General apathy amongst middle class of 1st World Countries – a TED talk on these issues might get 100 000 hits on Youtube. A dog falling in the pool is sure to crack 10 million, and that is to say nothing of Gangnam style! (II) Government interference in business and vice versa. Government should really stay out of business and this should be constitutionally protected. I understand that they enter this arena with an apparent intent to do good but the end result is asset bubbles, raided bank accounts and eternally revolving doors. (III) Small is beautiful. Decentralize democracy and decision making power. Bring it down is a small level and many of the ‘failures of democracy’ will go away. Of course certain things must still be done nationally (the Military) but allow counties, cities and similar the real power. Also, encourage smaller business through taxation and labor laws. (IV) Ban campaign contributions from companies and from individuals over 1000 Dollars – democracy should not be for sale. (V)Constitutionally limit fractional lending to 2:1. (VI) Limit the size of banks. (VII) Let interest rates float on the open market.

]]>
By: flashrooster http://blogs.reuters.com/chrystia-freeland/2013/06/17/economic-worries-and-the-global-elite/#comment-12852 Tue, 18 Jun 2013 03:03:32 +0000 http://blogs.reuters.com/chrystia-freeland/?p=1990#comment-12852 I love the fact that Ms Freeland refuses to let this issue lie dormant. The abuse of capitalism poses a greater threat to capitalism than communism. If we allow the structures of capitalism to be manipulated in a way where only a few actually benefit and that is maintained for longer than a generation (and that time is upon us), we run the risk of younger generations deciding that capitalism doesn’t work.

An economic system is only as good as the percentage of people it benefits. I believe that capitalism is the best system for a progressing world, but it has to be structured in a way where the wealth is not just distributed to a few.

I’m also concerned that we’re not considering any possible adverse effects to society when everything is made to serve capitalism rather that capitalism being made to serve the people. We’re to the point now where everything has to have a price tag. The value of something is only determined by what it’s worth in the market place. This isn’t only true for material things. It’s also true for our actions and attitudes. As a result, we value things like family, personal integrity, nature, community, and caring for our fellow man far less than a healthy society should. And it’s only going to get worse because no attention is being given to the detrimental effects of the marketization of every aspect of our lives.

]]>
By: A_Hick http://blogs.reuters.com/chrystia-freeland/2013/06/17/economic-worries-and-the-global-elite/#comment-12851 Mon, 17 Jun 2013 22:27:33 +0000 http://blogs.reuters.com/chrystia-freeland/?p=1990#comment-12851 I wonder if any conference vendor is giving away (ornamental gold plated?) promotional guillotine key rings?

]]>