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General Discussion >> General Board >> Greed is good is yesterday's mantra http://www.ozpolitic.com/forum/YaBB.pl?num=1471088767 Message started by Karnal on Aug 13th, 2016 at 9:46pm |
Title: Greed is good is yesterday's mantra Post by Karnal on Aug 13th, 2016 at 9:46pm Quote:
Continued... |
Title: Re: Greed is good is yesterday's mantra Post by Karnal on Aug 13th, 2016 at 9:47pm Quote:
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Title: Re: Greed is good is yesterday's mantra Post by John Smith on Aug 13th, 2016 at 9:50pm brilliant |
Title: Re: Greed is good is yesterday's mantra Post by Gordon on Aug 13th, 2016 at 9:51pm
I agree. And another mantra which is just as yesterday.
Islam is the religion of peace. |
Title: Re: Greed is good is yesterday's mantra Post by Karnal on Aug 13th, 2016 at 10:21pm John Smith wrote on Aug 13th, 2016 at 9:50pm:
It's still worth having a debate over which services are best delivered by government, and which are best in the private sector. A problem with monopolies is not everyone gets access. I studied acting once, many careers ago. The government provided a handful of acting degrees in the old universities in the capital cities. Only a tiny number got a position. Try auditioning for NIDA - I never even bothered. I got a scholarship at a small private college. The teachers were NIDA trained. It had the same curriculum. It was a good little school. Without colleges like this, most wouldn't have received that training. I remember going to the Actor's Equity sign-up after graduation - maybe 200 students from all those schools met in a big hall, along with NIDA and WAPA. They vastly outnumbered the public universities, who were seen as the "elites". In the end, most of us got no work. Most of us ended up getting jobs and dropping out. Who knows? Perhaps the 20-odd places offered by the government colleges makes more sense. Does the Australian economy need 200 newly-trained actors a year? But an acting degree is also a liberal-arts education. We learned a lot about literature, human motivation and the interface between them: performing. It was probably the most useful training I've ever had. I had a couple of agents. I never got a job. But I learned things about people. Neoliberalism has seen education become no more than accreditation. This is good, perhaps, for getting a forklift license. But it's not a good way to learn, and understand your place in a society. |
Title: Re: Greed is good is yesterday's mantra Post by John Smith on Aug 13th, 2016 at 10:27pm Mattyfisk wrote on Aug 13th, 2016 at 10:21pm:
all essential services should be govt, as well as all police, jails, and defense forces. In a country the size of Australia, with such a low population, then that includes internet and communications infrastructure. All roads, airports and ports. I'd also suggest one govt. bank with competition from the private sector. Then lets see if they refuse to drop interest rates when the reserve bank does. I'll add: health and education should be provided by govt. (but not restricted to). |
Title: Re: Greed is good is yesterday's mantra Post by freediver on Aug 13th, 2016 at 10:30pm
That's a rather elaborate strawman Karnal.
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Title: Re: Greed is good is yesterday's mantra Post by Karnal on Aug 13th, 2016 at 10:46pm John Smith wrote on Aug 13th, 2016 at 10:27pm:
I agree with most of those - particularly health. Saving lives shouldn't rely on the profit motive. I'm not sure about banks though. Why should one bank should be run by the government? Financial services can only be driven by the profit motive. It seems to me that if you take that out, capitalism wouldn't work. I'm open to change my mind on this. The important thing is that this is all an experiment. Applying rigid theories doesn't work. Once, foster care could only be managed by the state. How can the care of children be driven by the profit motive? Foster care is now largely managed by the big NGOs and charities. It's a profit-spinner too - like aged and disability care. Once, these services were performed by volunteers - families. Today, they're done for cold hard cash. Each, I guess, has its benefits and problems. My mother was very clear that she doesn't want me looking after her in her old age, and I don't disagree. We have a lot of residual economic theories left over from different economic times. It seems pointless being precious about these. As Deng Xiou Ping said, it doesn't matter which cat catches the mouse. As Monkey said, we die for our beliefs - time and time again. |
Title: Re: Greed is good is yesterday's mantra Post by Karnal on Aug 13th, 2016 at 10:49pm freediver wrote on Aug 13th, 2016 at 10:30pm:
The more the word strawman is used, the more it loses its meaning. These days, I have no idea what it means. |
Title: Re: Greed is good is yesterday's mantra Post by John Smith on Aug 13th, 2016 at 10:52pm Mattyfisk wrote on Aug 13th, 2016 at 10:46pm:
it keeps the others honest. As it stands, the Reserve bank is a toothless tiger. Govt. needs some control over the economy and at the moment, it has none. |
Title: Re: Greed is good is yesterday's mantra Post by Culture Warrior on Aug 13th, 2016 at 10:55pm
Critique of capitalism - number 5 million. Solution to capitalism - zero.
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Title: Re: Greed is good is yesterday's mantra Post by John Smith on Aug 13th, 2016 at 10:56pm Postmodern Trendoid III wrote on Aug 13th, 2016 at 10:55pm:
BALANCE |
Title: Re: Greed is good is yesterday's mantra Post by Culture Warrior on Aug 13th, 2016 at 10:59pm John Smith wrote on Aug 13th, 2016 at 10:56pm:
ok. Give me half your savings and assets. |
Title: Re: Greed is good is yesterday's mantra Post by Karnal on Aug 13th, 2016 at 11:03pm John Smith wrote on Aug 13th, 2016 at 10:52pm:
How would one bank keep others honest? Banks are judged on one thing: their profits. |
Title: Re: Greed is good is yesterday's mantra Post by freediver on Aug 13th, 2016 at 11:04pm John Smith wrote on Aug 13th, 2016 at 10:52pm:
Neither of you know what the reserve bank does, do you? |
Title: Re: Greed is good is yesterday's mantra Post by Karnal on Aug 13th, 2016 at 11:12pm Postmodern Trendoid III wrote on Aug 13th, 2016 at 10:55pm:
How do you feel about capitalism's impact on culture, Mistie? In your case, you left the West to live and work in a Muslim country. You moved there for economic reasons. I'm curious because your posts are highly critical of Muslims and Islam, but you live in a Muslim country. You regularly support bans on Muslim immigration to the West, but in your case, you chose to move in with the Muslims. Now you did this for economic reasons in a reasonably unrestricted labour market. You like impermeable borders, but you're free to live and work in Turkey. You champion Western culture, but you live and work with Johnny Turk. Capitalism - the free trade of ideas, goods and services - has allowed you to do this, just as it allows the Muselman to join us. This allows for the transmigration of cultures - the very thing you're against. How do you square these things within your own life? |
Title: Re: Greed is good is yesterday's mantra Post by Sprintcyclist on Aug 13th, 2016 at 11:44pm Greed is natural and beautiful. It has rarely been allowed to flourish. The idea of a 'democracy' cripples greed. After democracy comes the slow strangulation of the left. now we are comatose with PC |
Title: Re: Greed is good is yesterday's mantra Post by Karnal on Aug 14th, 2016 at 2:03am Sprintcyclist wrote on Aug 13th, 2016 at 11:44pm:
Which part of the Bible are you quoting, Sprint? |
Title: Re: Greed is good is yesterday's mantra Post by freediver on Aug 14th, 2016 at 9:35am
Are you a socialist Karnal?
Do you think we should do away with national borders? |
Title: Re: Greed is good is yesterday's mantra Post by Ajax on Aug 14th, 2016 at 9:52am
Milton Friedman's neoliberalism (our current economic system) and Karl Marx's communism are two sides of the same coin.
We need a new coin...! neoliberalism = oligarchies paradise neoliberalism = pleb's hell https://www.youtube.com/watch?v=QxxOIfrtYYY |
Title: Re: Greed is good is yesterday's mantra Post by hawil on Aug 14th, 2016 at 11:33am freediver wrote on Aug 14th, 2016 at 9:35am:
To do away with borders would be a good thing; as far a Socialism is concerned; the human race hasn't enough brain for it to function. Socialism will not work, because the lower end of the plebs thinks, that everything comes from nothing and they don't have to do anything and have a good life; Capitalism cannot work for ever, because all wealth is concentrated in very few hands, and eventually will collapse. Very few people will have a job; even highly qualified people will not have the security of a job. How can it be justified that a recent CEO of an Australian bank is paid $88 million bonus after leaving the bank? In the USA,some CEO's get paid hundreds of millions. |
Title: Re: Greed is good is yesterday's mantra Post by Gnads on Aug 14th, 2016 at 11:45am Ajax wrote on Aug 14th, 2016 at 9:52am:
[smiley=thumbup.gif] |
Title: Re: Greed is good is yesterday's mantra Post by Gnads on Aug 14th, 2016 at 11:45am hawil wrote on Aug 14th, 2016 at 11:33am:
[smiley=thumbup.gif] [smiley=thumbup.gif] |
Title: Re: Greed is good is yesterday's mantra Post by Dnarever on Aug 14th, 2016 at 11:59am Mattyfisk wrote on Aug 13th, 2016 at 11:03pm:
When the commonwealth bank was in public hands it set interest rates. Other banks either competed at that price mark or lost customers. i.e they followed the government bank owned set rate or there were no profits. Selling the commonwealth bank has led to greed, high prices, profiteering and driven a lack of integrity in the banking system. |
Title: Re: Greed is good is yesterday's mantra Post by Ajax on Aug 14th, 2016 at 12:02pm Dnarever wrote on Aug 14th, 2016 at 11:59am:
well said........... 8-) |
Title: Re: Greed is good is yesterday's mantra Post by Karnal on Aug 14th, 2016 at 1:40pm freediver wrote on Aug 14th, 2016 at 9:35am:
Thanks for contributing to the discussion, FD. Remember, there are no small parts, .only small actors. |
Title: Re: Greed is good is yesterday's mantra Post by Karnal on Aug 14th, 2016 at 1:55pm Dnarever wrote on Aug 14th, 2016 at 11:59am:
The RBA was tasked with setting interest rates after WWII, DNA. Treasury (and the PM, and the Country Party) told the RBA where to set rates. The Commonwealth Bank was privatized in.the 1980s. The task of setting interest rates was removed from government and handed directly to the board of the RBA. The Commonwealth Bank, while it makes good money boxes to get kids to save, hasn’t had the role you mentioned since the RBA was created. |
Title: Re: Greed is good is yesterday's mantra Post by aquascoot on Aug 14th, 2016 at 2:42pm
a few impressions.
1. the world is a very paradoxical place, the Buddha and Jesus certainly were amongst the first enlightened people to realise this. 2. most successful people may be initially motivated by money but eventually become motivated by the journey. Most successful people eventually become motivated by a sense of contribution, and by the improvement the journey gives them (higher consciousness and inner self development). Most are quite humble and very grounded. 3. We are moving into an era where you will have to harness your creativity to be successful. 4. everyone is either getting a little better each day or a little worse each day. The default is that you go down a bit each day. 5. Currently , the cream are becoming better and better and their success and improvement works like a positive feedback loop. our best people are in an upward spiral. Thanks largely to social media and the death of any sort of religious contemplation, the majority of people are now, not in an upward spiral but are going down. People are hooked on low consciousness, social pinging and validation hunting often on the internet but also thru low quality reality tv. combine this with bad food , little exercise and little interaction with nature and you have the Durrr state or as the best seller on the internet say "the shallows". Much of the low quality reactive posting on ozpolitics is a case in point. it is durr state social pinging. 6. People no longer read. I think because they dont believe value can be obtained in a $15 soft cover book. some really smart people who have been really successful , have sat down, with editors and , with a sense of contribution presented their very best ideas. These are shunned because people in low mindfulness and eating bad food,do not have the mental willpower to "read". 7. meditation and mindfulness will become crucial weapons in propelling people forward. 8.People need to come to the realisation that "no-one owes you sh*t". nothing holds people back more then self pity and a victim mindset which are really low consciousness ways for the ego to feed and grow out of negative thoughts. (thinking negative is bad and pumps egos, this is where gratitude meditation is so useful. 9. Governments cannot and will not solve any of these problems. Governments and the public service are part of "group think " and "social conditioning". they are part of and contribute to the Durr state and lack of mindfulness that is dragging everyone down. The social narrative of governments is not one of people having to work very deliberately and with will power to bust thru barriers and climb the very narrow road to success. The position of anyone who relies on group think to solve their problems is a position of laziness and a desire to reduce the time and effort needed for mastery. Governments offer to solve problems and remove obstacles. Real growth can only be obtained by manning up and tackling problems yourself and busting thru obstacles.A man is only as big as his problems. If you want to be a better man, you need to get better and bigger problems. This is the exact opposite of what government offers up as salvation. As such, big government is toxic to personal growth as has been witnessed time and time again |
Title: Re: Greed is good is yesterday's mantra Post by John Smith on Aug 14th, 2016 at 2:56pm Postmodern Trendoid III wrote on Aug 13th, 2016 at 10:59pm:
i said balance you fool. If you have no idea, don't comment. |
Title: Re: Greed is good is yesterday's mantra Post by John Smith on Aug 14th, 2016 at 2:57pm Mattyfisk wrote on Aug 13th, 2016 at 11:03pm:
if the RBA moved interest rates and a govt bank (call it commonwealth Mrk II) moved interest rates in line with the RB, how long do you think before the others follow? |
Title: Re: Greed is good is yesterday's mantra Post by John Smith on Aug 14th, 2016 at 2:58pm freediver wrote on Aug 13th, 2016 at 11:04pm:
do you? |
Title: Re: Greed is good is yesterday's mantra Post by freediver on Aug 14th, 2016 at 3:14pm
Of course.
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Title: Re: Greed is good is yesterday's mantra Post by Sprintcyclist on Aug 14th, 2016 at 3:15pm Mattyfisk wrote on Aug 14th, 2016 at 2:03am:
Quote:
Matthew 13:11,12 Quote:
Matthew 25:26-29 |
Title: Re: Greed is good is yesterday's mantra Post by Sprintcyclist on Aug 14th, 2016 at 3:20pm Sprintcyclist wrote on Aug 13th, 2016 at 11:44pm:
Socialism 'averages down' society |
Title: Re: Greed is good is yesterday's mantra Post by aquascoot on Aug 14th, 2016 at 4:13pm Sprintcyclist wrote on Aug 14th, 2016 at 3:15pm:
Matthew 25:26-29[/quote] its a very good piece of "self-help" from jesus to understand this concept. it is better to give then to recieve ...is true as a business principle. the servant who buried the money and did not go forward, courageously, and try to expand and grow, had even this small ammount taken from him. this is certainly true of people who have a certain degree of talent and do not use it...it will be taken from them. and success does breed success. everything feeds into everything. a decision to eat the right food and work hard, might lead to a better creative mind, might lead to better self esteem , might lead to a great relationship, might lead to confidence to take a risk in business and on it goes. a decision to eat pizza and dick around on facebook, might lead to a foggy mindset, might lead to a desire to take a bit of speed to wake yourself up for work on mondya, might lead to having the wrong people in your life , might lead to co-dependant relationships , might lead to the gutter. success is absolutley a conscious and very deliberate decision. success is extremely paradoxical and the bible is an extremely paradoxical book as are the buddhist texts. one thing about failures though is that failures always have a leeching mentality. a failure is a value leech. if you want to win lotto, if you look forward to going on the pension and relaxing, if you desire to take value , instead of being a source of good clean expansive energy...you will seal your own fate. this is why it is better to give then to recieve, not because you lose by giving and contributing, but because you win. socialism believes that success is a finite asset and the success of others is grinding you down. this is such a rediculous concept. its why socialism just doesnt get the paradox of how life works and why it will always fail. |
Title: Re: Greed is good is yesterday's mantra Post by Culture Warrior on Aug 14th, 2016 at 9:00pm Mattyfisk wrote on Aug 13th, 2016 at 11:12pm:
God, you are full of sh*t. I've never worked there or received a single Lira. |
Title: Re: Greed is good is yesterday's mantra Post by Culture Warrior on Aug 14th, 2016 at 9:01pm John Smith wrote on Aug 14th, 2016 at 2:56pm:
ok. go find a homeless man and give him half your things. balance and all that, c*nt. |
Title: Re: Greed is good is yesterday's mantra Post by John Smith on Aug 14th, 2016 at 9:32pm Postmodern Trendoid III wrote on Aug 14th, 2016 at 9:01pm:
that's not balance that's stupidity ... of which you have endless amounts |
Title: Re: Greed is good is yesterday's mantra Post by Karnal on Aug 15th, 2016 at 12:31pm Postmodern Trendoid III wrote on Aug 14th, 2016 at 9:00pm:
No worries, Mistie. Feel free to join in the discussion then. What do you think of neoliberalism's advancement into "culture"? There's a Turkish PhD in there, don't you think? |
Title: Re: Greed is good is yesterday's mantra Post by Karnal on Aug 15th, 2016 at 4:43pm Sprintcyclist wrote on Aug 14th, 2016 at 3:20pm:
Thanks, Sprint. I just took the time to read your Jesus quotes. Quote:
As you can see, Jesus isn't talking about neoclassical economics at all. He's talking about the art of listening. You might like to reflect on Jesus' words when you next ponder the meaning of religious texts. Though hearing, they do not hear or understand. |
Title: Re: Greed is good is yesterday's mantra Post by Ajax on Aug 15th, 2016 at 6:06pm Mattyfisk wrote on Aug 15th, 2016 at 4:43pm:
Bingo....! good pick up. Nicely done..... 8-) |
Title: Re: Greed is good is yesterday's mantra Post by Sprintcyclist on Aug 15th, 2016 at 6:22pm Ajax wrote on Aug 15th, 2016 at 6:06pm:
Quote:
is a fact of the world. in another language, 'the rich get richer and the poor get the picture.......' |
Title: Re: Greed is good is yesterday's mantra Post by Karnal on Aug 16th, 2016 at 10:35am Quote:
No Sprint, Jesus still means the same thing in his own language: he is referring to spiritual knowledge, not money. Jesus doesn't support neoliberalism, he champions the poor. Perhaps the closest you can find to a statement that seems to disregard support for the poor is "the poor will always be with us" - a quote Tony Abbott used to hold back his support for Matthew Talbots, a homeless refuge in Sydney. The "poor will always be with us" line is not about supporting the rich, it's about encouraging spiritual work: "The poor you will always have with you, but you will not always have me." Jesus was all about the poor. His entire message is one of humility and poverty. The words of Jesus can't be used to back Adam Smith, for example, the grandfather of neoliberal economics. Adam Smith was a moral philosopher. He was pointing out a great moral irony: collective self interest is good for society. He pointed this out because the prevailing ethics at the time favoured the teachings of Jesus, who preached the opposite of self interest. Social and political theory during the industrial revolution focused on the poor. London was overcrowded with slums. The jails were full. People were being transported to Australia. "The poor you will always have with you" rang true, but this wasn't good enough after the plagues and the great fire of London. Solutions needed to be found for the poor, lest they infect all of society. The colony of New South Wales was one solution; framed as an almost utopian society built on hard work and the rule of law. The penitentiary was another: jails as a place of social reform. And then, after germs were discovered, there was the invention of the hospital and the rise of public health. All these utilitarian public "good works" competed with Adam Smith's notion of self interest, which taught that the invisible hand of the economy would solve all social ills. In the end, we ended up with the blend of utilitarian and freemarket ideas and policies that we have today. |
Title: Re: Greed is good is yesterday's mantra Post by freediver on Aug 18th, 2016 at 12:30pm Quote:
Did Adam Smith say this, or did his notion say it? |
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