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Old 09-19-2009   #210 (permalink)
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Re: Economics business.The Sub-prime Crisis. How bad is it?

Hi Lawcat,

Quote:
Originally Posted by lawcat View Post
Therein lies the trick. What does government "by the people" mean? What does "government for the people" mean?
It's probably one of the earliest warnings of democratic failure. In the ancient greek Peloponnesian war the Athenians lost not too long after changing their system of democracy.

Quote:
Originally Posted by lawcat View Post
Are there any benefits in globalism? Are there any costs? What are the risks? How does the government benefit from globalism? How do people beneift? What "government by the people" benefits?
That's the problem with globalism, national borders are blurred and accounting on anything else apart from the aggregate of the global economy within these borders just leads to more than 100% of 'good' news and less than 100% of the 'bad' news with nobody being accountable for any of it apart from the 'good' news.

Quote:
Originally Posted by lawcat View Post
In the end it all goes to the question of profits: How much appetite for profit do we have considering the risks? And these are discretionary decisions.
That's what I said in my previous post, give capitalism and globalism the unregulated 'hidden hand' of the market they will soon work out the best way to make profits, war. Also, if you demonise your perceived enemy enough, many atrocities are considered 'acceptable' risk.

When democracy is spun so much that it isn't 'for the people' anymore but 'for the business that might employ the people' in better times, how close to political corruption can you get.

I come from Queensland Australia, Rupert Murdoch's home state, global media mogul and owner of all my major local, regional, state and federal newspapers. In Australia in the past 20 years we have had 16 state Members of Parliament (MP) locked up on criminal convictions. Half of these MP's were from Queensland and were evenly balanced with members from all sides of politics.

While this would undoubtedly be reported as greater media scrutiny leading to
greater political accountability surely there is a direct connection between print media control and official corruption, especially considering that quite a few politicians have also been convicted in the state that hosts the 'Jerusalem Post'.

While our political spin doctors have had a field day in the media it seems that their true contribution to the world for the new millennium is the combination of two old words to form two new ones. The old ones are Propaganda and Paranoia and the new ones both mean the same thing.

Propanoia and Paraganda - Public fear and loathing generated as a result of professional spin doctors doing what they are paid for. This can be used against political opposition members in ways like 'our guys might be corrupt but at least their not stupid like the opposition' type of comentators who hammer home that same message day in day out. It can also be used to justify things like torture and terms like 'collatteral damage' were introduced to desensitize the general public. It has even be used to convince an unwilling public to support unwinnable wars.

Why stop at one when there are good profits to be made.


----------------
Corollary to the Peter Principle: Once you have promoted all of your competents to their highest level of incompetence you must change your management philosophy from top down to bottom up, because the staff at the bottom are the only competent ones in your entire organisation.

Last edited by LaurieAG; 09-19-2009 at 04:11 PM..
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