Comments on: Step aside capitalism, how about leverageism http://blogs.reuters.com/macroscope/2009/12/01/step-aside-capitalism-how-about-leverageism/ Shining a light on the dismal science Sun, 26 May 2013 01:36:01 +0000 hourly 1 http://wordpress.org/?v=3.4.2 By: eddieblack http://blogs.reuters.com/macroscope/2009/12/01/step-aside-capitalism-how-about-leverageism/comment-page-1/#comment-1553 eddieblack Tue, 08 Dec 2009 21:16:09 +0000 http://blogs.reuters.com/macroscope/?p=2675#comment-1553 Anon, Glass/Steagall, Breton Woods and other agreement were broken to further capitalist gain. What was forgotten was that this regulatory framework was put in place as a response to a similar crisis that unfolded in the 1930s. We made the mistake of not regulating and keeping banking separate from investing 80 years ago. We changed that. Shame on the bad bankers. We repealed all of that and the bad bankers went at it again. Shame on us! Anon, Glass/Steagall, Breton Woods and other agreement were broken to further capitalist gain. What was forgotten was that this regulatory framework was put in place as a response to a similar crisis that unfolded in the 1930s.

We made the mistake of not regulating and keeping banking separate from investing 80 years ago. We changed that. Shame on the bad bankers. We repealed all of that and the bad bankers went at it again. Shame on us!

]]> By: Eden and Apple http://blogs.reuters.com/macroscope/2009/12/01/step-aside-capitalism-how-about-leverageism/comment-page-1/#comment-1549 Eden and Apple Thu, 03 Dec 2009 12:04:27 +0000 http://blogs.reuters.com/macroscope/?p=2675#comment-1549 Looking back one thousand years to today. It will be called the DARK AGES of primative Economic understanding ( organised Slavery based on Money). The economists Rickardo and Malthus will have more Weight, Robots will do all the Work and humans free to happyness and the Study of All Things conceptional word and matters with NO Exception. Yes humans will be at Home on this spinning but not yet worded name thing. Looking back one thousand years to today. It will be called the DARK AGES of primative Economic understanding ( organised Slavery based on Money). The economists Rickardo and Malthus will have more Weight, Robots will do all the Work and humans free to happyness and the Study of All Things conceptional word and matters with NO Exception. Yes humans will be at Home on this spinning but not yet worded name thing.

]]> By: Orgizmo http://blogs.reuters.com/macroscope/2009/12/01/step-aside-capitalism-how-about-leverageism/comment-page-1/#comment-1548 Orgizmo Wed, 02 Dec 2009 20:26:53 +0000 http://blogs.reuters.com/macroscope/?p=2675#comment-1548 What good will a new name really do for this fascist ugliness that the global elites are trying to unleash on the world. We need to return to an actual free market economy rather then this over regulation of every small aspect of life. Governments would do well to remember that governments serve the people, not the other way around. To see what happens when this advice is not heeded google "french revolution". As for the corporations they have far too much say in government policy and clearly having the kind of money they do and the ability to out lobby and out lawyer any opposition has made them corrupt in their greed. The separation of church and state worked great, now we need a separation of industry and state. What good will a new name really do for this fascist ugliness that the global elites are trying to unleash on the world. We need to return to an actual free market economy rather then this over regulation of every small aspect of life. Governments would do well to remember that governments serve the people, not the other way around. To see what happens when this advice is not heeded google “french revolution”. As for the corporations they have far too much say in government policy and clearly having the kind of money they do and the ability to out lobby and out lawyer any opposition has made them corrupt in their greed. The separation of church and state worked great, now we need a separation of industry and state.

]]> By: Benny Acosta http://blogs.reuters.com/macroscope/2009/12/01/step-aside-capitalism-how-about-leverageism/comment-page-1/#comment-1544 Benny Acosta Wed, 02 Dec 2009 16:20:11 +0000 http://blogs.reuters.com/macroscope/?p=2675#comment-1544 Capitalism, at least the way it started in this country carried with it the implication that everyone has the same opportunity to become wealthy.But this is not the case. The very wealthy families in this country have found their way into government. There are no congressional term limits and this allows these ultra wealthy families to secure seats in government that allow them to pass laws that benefit them and their "friends".The "trickle down" effect is nothing more than those families pissing on you and yours. If the American citizenry would finally wise up and force congress to enact term limits, it would then be possible to flush these career politicians out.The terms should be as short as the presidential term. This would ensure that new ideas found their way into the capitol, and would also help clear the way for change by removing entrenched ideologies.The legislature is supposed to be made up of citizen servants and not corporate yes men. Also there should be a prohibition against comity members working in any business sector their comity has jurisdiction over for the next ten years. That way conflicts of interest can be avoided because there would be no incentive to favor one industry over another since they would be prohibited from earning income from those industries.Of course there will always be ways to cheat in any system. But for people who are basically honest this will make it easier for them to stay that way. Capitalism, at least the way it started in this country carried with it the implication that everyone has the same opportunity to become wealthy.But this is not the case. The very wealthy families in this country have found their way into government. There are no congressional term limits and this allows these ultra wealthy families to secure seats in government that allow them to pass laws that benefit them and their “friends”.The “trickle down” effect is nothing more than those families pissing on you and yours. If the American citizenry would finally wise up and force congress to enact term limits, it would then be possible to flush these career politicians out.The terms should be as short as the presidential term. This would ensure that new ideas found their way into the capitol, and would also help clear the way for change by removing entrenched ideologies.The legislature is supposed to be made up of citizen servants and not corporate yes men. Also there should be a prohibition against comity members working in any business sector their comity has jurisdiction over for the next ten years. That way conflicts of interest can be avoided because there would be no incentive to favor one industry over another since they would be prohibited from earning income from those industries.Of course there will always be ways to cheat in any system. But for people who are basically honest this will make it easier for them to stay that way.

]]> By: Peter H http://blogs.reuters.com/macroscope/2009/12/01/step-aside-capitalism-how-about-leverageism/comment-page-1/#comment-1541 Peter H Wed, 02 Dec 2009 11:03:39 +0000 http://blogs.reuters.com/macroscope/?p=2675#comment-1541 A good name would be "Kejserens nye Klæder".(The original Danish title for the Hans Christian Andersen childrens' fairy story "The Emperors New Clothes".) A good name would be “Kejserens nye Klæder”.(The original Danish title for the Hans Christian Andersen childrens’ fairy story “The Emperors New Clothes”.)

]]> By: Anon http://blogs.reuters.com/macroscope/2009/12/01/step-aside-capitalism-how-about-leverageism/comment-page-1/#comment-1532 Anon Wed, 02 Dec 2009 01:16:14 +0000 http://blogs.reuters.com/macroscope/?p=2675#comment-1532 The system we have now is still capitalism.To say that because markets are regulated in some manner it isn't capitalism, seems to me a bit flawed. After all, there has always been some form of economic regulation of some kind. Even in America, the land of the free market.Capitalism is based on the actions of both corporate and personal individuals. And while America has always favoured strong capitalism, it has always insisted that individuals must respect the rule of law.And where it is found that individuals are not respecting the rule of law, or acting dishonestly, it is only natural that more regulation might result. Even in capitalist economies.To say that what we have now is not capitalism? Then what can it be? With the general failure of socialism there is very few options for what our system can be. So I think the system we have remains capitalism for now.And because there are many nations who approach capitalism in different ways, the only real variation is the extent to which the government and courts of that nation regulate and protect the economy.All capitalists are regulated. But some capitalists are more regulated then others. The system we have now is still capitalism.To say that because markets are regulated in some manner it isn’t capitalism, seems to me a bit flawed. After all, there has always been some form of economic regulation of some kind. Even in America, the land of the free market.Capitalism is based on the actions of both corporate and personal individuals. And while America has always favoured strong capitalism, it has always insisted that individuals must respect the rule of law.And where it is found that individuals are not respecting the rule of law, or acting dishonestly, it is only natural that more regulation might result. Even in capitalist economies.To say that what we have now is not capitalism? Then what can it be? With the general failure of socialism there is very few options for what our system can be. So I think the system we have remains capitalism for now.And because there are many nations who approach capitalism in different ways, the only real variation is the extent to which the government and courts of that nation regulate and protect the economy.All capitalists are regulated. But some capitalists are more regulated then others.

]]> By: Anubis http://blogs.reuters.com/macroscope/2009/12/01/step-aside-capitalism-how-about-leverageism/comment-page-1/#comment-1531 Anubis Tue, 01 Dec 2009 23:14:26 +0000 http://blogs.reuters.com/macroscope/?p=2675#comment-1531 J, you are absolutely correct. Mathew, Oligarchies and plutocracies are merely a form of fascism. Or to some a precursor of rule by a dictator. Ultimately the interests of large industries and corporations are paramount as they project financial and military power. Mussolini and Hitler's rise to power were facilitated by the wealthiest industrial interests. J, you are absolutely correct. Mathew, Oligarchies and plutocracies are merely a form of fascism. Or to some a precursor of rule by a dictator. Ultimately the interests of large industries and corporations are paramount as they project financial and military power. Mussolini and Hitler’s rise to power were facilitated by the wealthiest industrial interests.

]]> By: The Real Deal http://blogs.reuters.com/macroscope/2009/12/01/step-aside-capitalism-how-about-leverageism/comment-page-1/#comment-1530 The Real Deal Tue, 01 Dec 2009 19:38:14 +0000 http://blogs.reuters.com/macroscope/?p=2675#comment-1530 “leverageism”? The exact opposite Jeremy. "De-leverageism".This is nothing more than busting up the crap that was created as jewels only recently.Now governments of the afflicted countries own much of the craps. They will so do their de-leverageism act soon.This is not capitalism, not even close. Capitalism is to take savings as capital, invest in useful work, which creates more savings to build a net wealth. It has little to do with greed. It has everything to do with prudent planning for a more secured future.America, UK, Japan, and a few other delusional countries did no such thing the past 2 decades. Instead their central banks and banking systems created free money and gave it to just about everybody for the good life. The good life became a culture of addiction, with waste by-products big enough to sink entire economies. For every real buck of real wealth, 30 to 40 fake bucks were printed - Leverageism. Zero capitalism. Time to pay for the good life with some real money - also called Debt. “leverageism”? The exact opposite Jeremy. “De-leverageism”.This is nothing more than busting up the crap that was created as jewels only recently.Now governments of the afflicted countries own much of the craps. They will so do their de-leverageism act soon.This is not capitalism, not even close. Capitalism is to take savings as capital, invest in useful work, which creates more savings to build a net wealth. It has little to do with greed. It has everything to do with prudent planning for a more secured future.America, UK, Japan, and a few other delusional countries did no such thing the past 2 decades. Instead their central banks and banking systems created free money and gave it to just about everybody for the good life. The good life became a culture of addiction, with waste by-products big enough to sink entire economies. For every real buck of real wealth, 30 to 40 fake bucks were printed – Leverageism. Zero capitalism. Time to pay for the good life with some real money – also called Debt.

]]> By: Benny Acosta http://blogs.reuters.com/macroscope/2009/12/01/step-aside-capitalism-how-about-leverageism/comment-page-1/#comment-1528 Benny Acosta Tue, 01 Dec 2009 17:56:53 +0000 http://blogs.reuters.com/macroscope/?p=2675#comment-1528 The information on this site will give one some excellent insight into what "This system" really is. And how it is contributing to every problem we now face.http://www.theendofpoverty.com/ The information on this site will give one some excellent insight into what “This system” really is. And how it is contributing to every problem we now face.http://www.theendofpoverty.com/

]]> By: Dafydd http://blogs.reuters.com/macroscope/2009/12/01/step-aside-capitalism-how-about-leverageism/comment-page-1/#comment-1525 Dafydd Tue, 01 Dec 2009 15:58:37 +0000 http://blogs.reuters.com/macroscope/?p=2675#comment-1525 New, are you mad?The system we live in is an oligarchy. New, are you mad?The system we live in is an oligarchy.

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