THE THREAD!!!

[Chickenboy]

ORIGINAL: jeffk3510

Everyone is entitled to their own opinions. I'm cool with that. No hard feelings.

[8D]

[JWE]

ORIGINAL: jeffk3510
So ALL corporations are evil huh?

No, of course not. But that's what we are supposed to think. It's easier to just tuck in to the usual horse manure than try and teach people that Keynesian economics is a colonoscopy prep pill waiting to happen. [:D]

My corporation isn't evil, unless you are one of our competitors. If you are, I can assure you we are the worst dregs from the deepest pits of Hell. But other than that, me and Jim and Clark are all pretty nice people, all things considered. The Marines like us, the Army kinda likes us, our dogs love us.

[Mynok]

Don't mistake me for one of those guys. [:D]

I tend to evaluate parts of the 'world system' by a standard of 'how well does this hinder evil in the world'. Wierd, I know.

[Chickenboy]

ORIGINAL: Mynok

Not worth any hard feelings. [:D]

I've been fortunate to only have to work for private companies. Much prefer that environment. Don't know what I would do if had to do otherwise. I'll deal with that pit if it ever shows up. [:D]

The line of corporations existing to make money for their shareholders might have been true in the past.

Today many a corporation is run by management which only cares in enriching itself. Many modern features of modern corporate life allows management to disregard the interests of their shareholders.

Which brings up another 'evil' of the whole public thing: most shareholders aren't people. They are other corporations, i.e. mutual fund and investment companies. Huge opportunity for a lot of evil and we had a recent perfect storm of it in the financial sector.

In a world run by messed up humanity, anything that reduces accountability is a bad thing and should be avoided.

People are comforted by being able to 'hand off' some of the inconvenient viscitudes of modern life to another set of hands so that they can do things that may be distasteful for the general public. Most people don't know how to invest or want to take the time and effort to do so, so they hand it over to a mutual fund investment company or buy an ETF that will do the same thing for 'em. They don't want to see the wizard behind the curtain, dude. Witness how few people want to know the gritty details about how food is produced for them as an example. They don't want to think about how, they only care about the bottom line mostly. Transparency isn't the same as accountability.

I'm OK with that duality / hypocracy.

I want the corporations in which I invest to be transparent in their financials, their annual statements, their quarterlys and their other dealings with shareholders. Everything else, including value judgements, is my domain. I don't care if Philip Morris produces and sells cigarettes and smokeless tobacco, so long as they're straightforward that that's exactly what they intend to do. And continue to give me a yummy 6.5% dividend yield return.

If I had a beef with what they do, then I wouldn't buy 'em. I also wouldn't claim the intellectual or moral high ground because I-by default or by design-chose not to do my homework and didn't know that my advisor bought some of 'em for Beta reduction in my portfolio.

For those that decry the curtain between mutual fund / money managers and their money, there's a simple solution: invest in non-public corporations or sit in cash. Anything else requires your acceptance of personal fault by either comission or omission.

And don't even get me started on 'living wage' or 'fair trade', please.

[Nikademus]

I just want to win Lotto. There's my financial plan!

[Nikademus]

its foolproof

[Nikademus]

nothing can go wrong

[Chickenboy]

Don't know what...

[Nikademus]

This time i will win the powerball

[Chickenboy]

You're planning

[Nikademus]

ha ha......you iSuck part DU!

[Chickenboy]

But...

ETA: Weiner.

[Mynok]

If I had a beef with what they do, then I wouldn't buy 'em. I also wouldn't claim the intellectual or moral high ground because I-by default or by design-chose not to do my homework and didn't know that my advisor bought some of 'em for Beta reduction in my portfolio.

For those that decry the curtain between mutual fund / money managers and their money, there's a simple solution: invest in non-public corporations or sit in cash. Anything else requires your acceptance of personal fault by either comission or omission.

Nah, I'm not taking any moral high ground. I got no problem with those who think differently about it. I don't do it personally...at least not in funds and stuff, but heck, my wife does. That's her call and her money.

[Mynok]

I didn't see T on today. Unusual for that massive spambot cluster. After his moaning yesterday, makes me a bit concerned.

Did see him pop up on Facebook earlier today though. Maybe just taking a break. [8D]

[Alfred]

ORIGINAL: JWE

ORIGINAL: jeffk3510
So ALL corporations are evil huh?

No, of course not. But that's what we are supposed to think. It's easier to just tuck in to the usual horse manure than try and teach people that Keynesian economics is a colonoscopy prep pill waiting to happen. [:D]

Sorry JWE, don't fully agree with your position re Keynesian economics. Problem with Keynesian economics is not with the theory but with the application of it by mediocre decision makers.

1. Most economic students don't actually study Keynes writings at source. Instead they study interpretations of what Keynes wrote written by other economists. At best students may read very selective extracts which distort the overall message of Keynes.

2. Keynes himself in his General Theory well identified that his approach was inflationary and that over the long term some quite undersirable consequences would ensue. However in the short to medium term, in a world still gripped by the Great Depression, inflation was by far the lesser of two evils.

3. There is nothing in Keynesian economic theory which mandates that aggregate demand must be continually ramped up by government. Indeed the growth of consumer product innovation supported by modern marketing, an area of economic activity which really only took off after Keynes death and thus was largely absent in Keynes writings, would allow for the role of the state in stimulating aggregate demand to be greatly reduced.

It comes down to Keynesian theory being a valuable tool in manageing the economy. A good manager employs it as appropriate together with other tools provided by other economic schools of thought, such as the Chicago School with its emphasis on monetary policy.

The problem however lies in having mediocre managers, not the theory per se.

Alfred

[JWE]

Maida Gillespie: "Careers and higher education are leading to the masculinization of women, with enormously dangerous consequences to the home, the children, and our country. When our boys come home from war, what kind of girls will they be coming home to? And now the most disgusting example of this sexual confusion: Mr. Walter Harvey of Harvey Candy Bars is presenting us with women's baseball. Right here in Chicago, young girls plucked from their families are gathered at Harvey Field, to see which one of them can be the most masculine. Mr. Harvey, like your candy bars, your company is ... evil!"

Doris: Hey Mae, Mae, your date's here.
Mae: How do I look?
Doris: Where'd you get that dress?
Mae: Borrowed it.
Doris: It don't fit you, Mae, it's too tight.
Mae: I don't plan on wearing it that long.
Doris: Ohh! I don't know why you bother to get dressed at all.

[Apollo11]

Hi all,

ORIGINAL: Mynok

I didn't see T on today. Unusual for that massive spambot cluster. After his moaning yesterday, makes me a bit concerned.

Did see him pop up on Facebook earlier today though. Maybe just taking a break. [8D]

Kristian is using Facebook? [X(]


Leo "Apolllo11"

[Nikademus]

yep. This way he can be grumpy globally. [:)]

[Kwik E Mart]

ORIGINAL: Apollo11

Hi all,

ORIGINAL: Mynok

I didn't see T on today. Unusual for that massive spambot cluster. After his moaning yesterday, makes me a bit concerned.

Did see him pop up on Facebook earlier today though. Maybe just taking a break. [8D]

Kristian is using Facebook? [X(]


Leo "Apolllo11"

now THAT's evil...[;)]

[Grollub]

Good night friends [>:]