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"Fraud? The market will fix itself."
Posted on 01/11/2018 8:35:34 AM PST by Wolfie
I read quite far into this editorial looking for some issue I could find that is high on my list of peeves...
I rather think this is over-stated.
But I do think we are a highly leveraged society, leaning on debt far more than any rational civilization would, and I think Big Government and Big Business create an environment where certain people cannot lose. Sweet deal for them.
But I think it’s going too far to say that any marketplace is a Scam. Nothing that LIMITED government and default on the debt won’t cure.
Remember this reaper friends the love of money is the root of all evil
Put the treasures Of your heart in the kingdom of heaven not in the moneychangers of this world and you will find peace
Stupid auto correct
Freeper not reaper
Wow.
The frothing spittle spewing about makes that article hard to read.
Yes, Amazon made arrangements to deliver below cost. When you are supplying a large fraction of the service provider’s revenue, you can make deals like that. (Lose Amazon’s business, USPS could actually go under.)
Yes, Intel said the devices worked as intended. Extremely creative individuals figured out how to abuse what is otherwise beneficial capabilities. (The technique is staggeringly clever.)
Etc.
No, it’s NOT stealing. Everyone has the opportunity to cease business as they see fit. Yes, there’s consequences - that’s why the system built up the way it has: on the whole it benefits everyone more than not. Don’t like what’s happening? then stop using Amazon, USPS, Netflix, Intel, etc - and see how life really was better.
What a bitter cynical man
Unbelievable!
That’s TWO (2)! Truth In A Week!!!!!!!!!!!!!!!!!!!!
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@Planet WTF!
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Imho, the article is seriously overstated. However, I did have the cited bank try to rip off about $1500 In junk fees on a loan (including an attempted $500 for a non- existent appraisal) — and more recently we had another bank actually take a course hundred dollars out of a customer account with zero cause or even notice - they just took it. Numerous communications since have confirmed it was a “bank error” - but repeated promises to return the customer’s funds have gone unfulfilled. In short, sometimes huge businesses really do screw customers over - and it can be extremely difficult to get your money back or your HP computer fixed under its so-called warranty. Imho, customers are often better off patronizing smaller businesses ( and the phone company has reaggregated after we broke it’s near- monopoly up — just try to get their billing computer to send correct bills without it adding fifty dollars extra ripoff charge! We finally got it fixed but it took nearly two years and approximately 200 hours of work despite many nice agents acknowledging the “mistakes” and promising they’d be fixed by each successive bill). Etc. there are some big companies that have been honest with us —Costco and the old (definitely not the new) sears, also amazon — sonitscnot as generalized a problem as the author asserts. But he still has a point and some of these huge outfits really should be broken up with the largely- dormant, ignored anti- trust laws
It’s understated. Incredibly understated. He’s right, and then he’s not right enough.
We promised the world we wouldn’t game the dollar (Bretton Woods).
Then a bunch of politicians wanted to get elected, and spent money we didn’t have. So we printed more money.
Other countries protested. Our Treasury Secretary at the time said, QUOTE, “It’s our dollar, and your problem.”
That’s an act of war. It’s hard to explain that to our citizens, but the US stole money from every country on Earth and then dared people to do something about it.
China, Russia, and others want off the dollar so bad they can taste it, and they are completely justified.
There is so much off-the-books judicialism going on that the ONLY people subject to the power of the state are those who can’t afford to put up a fight.
It is NO WONDER Trump got elected. Everybody on the planet knows they are living in a ‘Matrix’ like state of soft slavery, but have no recourse.
We used to shoot people for stealing a horse. Amazon is built - 100% - on fraud, violating sales tax laws, etc.
We are only BEGINNING to see a FRACTION of it with this Trump Dossier business. There’s $21T of unaccounted for DOD spending since 1997. Trillions. 21x10^12 dollars.
It is so big, it is easier to write that number with scientific notation. It is literally an astronomical figure.
The US is going to be destroyed, and likely justifiably so.
We just pioneered a different form of colonization - fiscal.
And then we really didn’t. This is the way of all fiat currency, and all wars are bankers wars.
Crypto-currency, which is actually the opposite (Crypto means secret, but Bitcoin and others like it run an OPEN LEDGER, which means you can see exactly how many total coins are in existence) is an equal an opposite reaction to Central Bank Criminality.
It is going to be extremely interesting.
It’s called “Capitalism,” Karl. Celebrate it, don’t denigrate it.
Hmmm.............
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“Amazon is known to have gamed the USPS — probably with the explicit help of Congress (who they lobby all the time) to get below cost package delivery. You pay for this every time you send a letter or package to someone, and they literally rob you. In addition the firm engages in the very definition of anti-trust punishable behavior by cost-shifting their loss-making sales onto AWS customers, some of whom are various state, local and federal governments and thus there’s no push-back available to private industry there either. All of this should have been met with a bone-crushing response years ago, but it hasn’t and won’t be.”
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Funny anyone would get that idea????
;)
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@Planet WTF!
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Projection IS perception after all.............???
So what would you like to happen?
And ....
This is emblematic of why the Class Action lawsuit thing has morphed into such a perverted form of the ills it supposedly attacks.
Respectfully, it is certainly not called “Capitalism.” It is “Cronyism,” at best. It is also mostly “Fascism,” the collusion of corporate and state interests. It is near 180 degrees from capitalism. It is anti-competitive, terminally corrupted, and will ultimately fail. We haven’t had free markets since a bit more than 100 years ago...
Bottom line is - we still have a system. It is corrupt, but it is far, far better than the collectivism which would inevitably follow the destruction of the system. Repairing it should be our top priority, but it will be the work of several generations. There will be constant temptations to blow up everything to get the cheaters (which Democrats exploit) or to ignore the cheaters since we are “all” making money (which Republicans exploit).
Not many politicians can confront these issues when their re-elections depend on them not confronting them. Trump has taken a merciless pounding for making the smallest steps in the opposite direction.
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I read quite far into this editorial looking for some issue I could find that is high on my list of peeves...
>
Boil it down to just 2:
1) Illegal/unconst. growth of govt
2) ...allowing to ‘selective’ enforcement, if at all, to their detractors and those of the connected\donor class.
OK, maybe just one: GOVT.
“You either steal, rob, lie, launder money and otherwise rip people off or you go out of business. “
Liberals love money; they just want a government they control to have all of it.
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