What's the best way to make sure that the poor have a share in a country's growing wealth: Regulation? Taxes? Philanthropy?
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It's all very well to run around saying regulation is bad, get the government off our backs, etc. Of course our lives are regulated. When you come to a stop sign, you stop; if you want to go fishing, you get a license; if you want to shoot ducks, you can shoot only three ducks. The alternative is dead bodies at the intersection, no fish, and no duck
The reality is fuck the animals, fuck biodiversity, fuck the laws, and long live construction," [Ricardo Freitas] said. "All of this is being done because some people will make a lot of money, and it's being done with no monitoring, no support, no rescue of species.
That City of yours is a morbid excrescence. Wall Street is a morbid excrescence. Plainly it's a thing that has grown out upon the social body rather like -- what do you call it? -- an embolism, thrombosis, something of that sort. A sort of heart in the wrong place, isn't it? Anyhow -- there it is. Everything seems obliged to go through it now; it can hold up things, stimulate things, give the world fever or pain, and yet all the same -- is it necessary, Irwell? Is it inevitable? Couldn't we function economically quite as well without it? Has the world got to carry that kind of thing for ever?"What real strength is there in a secondary system of that sort? It's secondary, it's parasitic. It's only a sort of hypertrophied, uncontrolled counting-house which has become dominant by falsifying the entries and intercepting payment. It's a growth that eats us up and rots everything like cancer. Financiers make nothing, they are not a productive department. They control nothing. They might do so, but they don't. They don't even control Westminster and Washington. They just watch things in order to make speculative anticipations. They've got minds that lie in wait like spiders, until the fly flies wrong. Then comes the debt entanglement. Which you can break, like the cobweb it is, if only you insist on playing the wasp. I ask you again what real strength has Finance if you tackle Finance? You can tax it, regulate its operations, print money over it without limit, cancel its claims. You can make moratoriums and jubilees. The little chaps will dodge and cheat and run about, but they won't fight. It is an artificial system upheld by the law and those who make the laws. It's an aristocracy of pickpocket area-sneaks. The Money Power isn't a Power. It's respectable as long as you respect it, and not a moment longer. If it struggles you can strangle it if you have the grip...You and I worked that out long ago, Chiffan..."When we're through with our revolution, there will be no money in the world but pay. Obviously. We'll pay the young to learn, the grown-ups to function, everybody for holidays, and the old to make remarks, and we'll have a deuce of a lot to pay them with. We'll own every real thing; we, the common men. We'll have the whole of the human output in the market. Earn what you will and buy what you like, we'll say, but don't try to use money to get power over your fellow-creatures. No squeeze. The better the economic machine, the less finance it will need. Profit and interest are nasty ideas, artificial ideas, perversions, all mixed up with betting and playing games for money. We'll clean all that up...""It's been going on a long time," said Irwell."All the more reason for a change," said Rud.
Congress shall make no law abridging the freedom of production and trade...
The crash did not cause the Depression: that was part of a far broader malaise. What it did was expose the weaknesses that underpinned the confidence and optimism of the 1920s - poor distribution of income, a weak banking structure and insufficient regulations, the economy's dependence on new consumer goods, the over-extension of industry and the Government's blind belief that promoting business interests would make America uniformly prosperous.
Deep pockets and empty hearts rule the world. We unleash them at our peril.
The internet has become a carefully controlled and heavily monitored illusion. It has turned into both a circus and battleground. Popularity is rigged and can be bought. Censorship is in full effect. Popular opinion is fabricated, and the perception of a viewpoint's popularity is typically orchestrated and manipulated by legions of paid trolls. If you want to know the truth about somebody's true popularity and influence, look to the streets. If you want to know if a person is really guilty or innocent, study the facts yourself. Never judge anybody based on what you see or read on the internet. Information can easily be manipulated by the push of a few buttons.
The biggest enemy of western people is not war or terrorism, it is their own governments lack of regulation of public health and safety.
But through years of myth-making and fear-sowing, Christianity meta-morphosed antichrists into a single Antichrist, an apocalyptic villain and Christian bogeyman used to scare people as much as Santa Claus is used to regulate children's behavior. After years of studying the concept, I began to realize the Antichrist is a character--a metaphor--who exists in nearly all religions under different names, and maybe there is some truth in it, a need for such a person. But from another perspective, this person could be seen as not a villain but a final hero to save people from their own ignorance. The apocalypse doesn't have to be fire and a brimstone. It could happen on a personal level.
Recognizing that the boundaries of the market are ambiguous and cannot be determined in an objective way lets us realize that economics is not a science like physics or chemistry, but a political exercise... If the boundaries of what you are studying cannot be scientifically determined, what you are doing is not a science.
We should favor innovation and freedom over regulation.
Whenever regulation increases, personal freedom decreases.
If it were not for government regulation of big corporations, executives at companies like Enron, WorldCom, Tyco, they could have cheated investors out of millions.
Error of omission begets new rules.
When some claim demarcation and __egulation_, others fancy __eregulation_, preferring foxes guarding the henhouse or chicken yards with free chickens and free foxes. Friend or foe, hen or fox, anyone can have a go. (__his far_)
The legalization of marijuana is not a dangerous experiment _ the prohibition is the experiment, and it has failed dramatically, with millions of victims all around the world.
There has never been a 'war on drugs'! In our history we can only see an ongoing conflict amongst various drug users _ and producers. In ancient Mexico the use of alcohol was punishable by death, while the ritualistic use of mescaline was highly worshipped. In 17th century Russia, tobacco smokers were threatened with mutilation or decapitation, alcohol was legal. In Prussia, coffee drinking was prohibited to the lower classes, the use of tobacco and alcohol was legal.