- Joined
- 21 April 2014
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Yeah, shareholders are only one part, but it's their money that must be invested to grow companies and provide services into the economy that we need, in any given project, they are the first to have to lay out money and the last to get paid, and they bear the brunt of project and investment risk.
without shareholders willing to continually reinvest their earnings to grow companies, conduct research, explore for resources, and start risky new ventures, we wouldn't have the standard of living we have, the fact that it is probably greed that leads people to do these things is fine, as I said gluttony is the "sin" not greed.
I think SirR would agree with you there, as would most of us, about companies and shareholders putting up their capital, taking the risks to provide research and develop great products/services to add value to consumers and the world... Yes, by all mean reward them for that, make them all rich because we too get value from them.
But the "greedy" capitalism I think we all disdain is the abuse of market and competition; of doing not much more of anything but wanting more and more pay. Not paying their fair share in taxes; playing politics and get the game rigged.
Actually I don't think that there is all that much "risk capital" in Australia. Almost everything innovative that we do (apart from the Victa mower and the Hills Hoist) gets developed overseas and then sold back to us.
It's been acknowledged that we are big in innovation but small in commercialisation.
In the morning I will walk down to the bakery and get a pie and a Coke, I want him to be open, I don't want to find he has closed because by Thursday he had met his basic needs with his earnings, I want him to continue serving me on Sunday's, hoping to get that new car or extra $100k In the bank.
Yeah sure, but we all want value for money don't we ?
My supermarket sold some nut bars in a package with a display window, The package was about twice the size of the actual bar but you couldn't tell that from looking at it because the bar filled the display window.
That's false advertising and greed. Fool the customer into thinking he's buying more than he actually is.
If your bakery reduced the size of your pie but increased the price, would you complain or praise his business acumen ?
If I felt his offering was no longer the best option, I would probably go to the competition, maybe get some sushi rolls.
As should all the gays who want wedding cakes.
I would be pissed if the bakery was open to the public but refused to serve me a pie because they didn't like my religion or race or sexuality or something.
Yes, I agree, everyone should be equally ripped off, regardless of their race, creed or sexuality.
Exactly.
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Though I wouldn't say ripped off, at the end of the day, the average person now consumes more products and services than any time in history, while also putting the least effort in history.
I mean compare our life styles to 100years ago, the average person is now sitting in a much bigger home, with machining machines, vacuum cleaners, dryers, computers, TVs, air conditioners, probably atleast 1 car, the person is probably eats more food but does less cooking, owns more clothes, has probably had international holidays, works less hours each day and the work is made easy by modern tools.
We really are richer than we have ever been, but we are never happy. We always still seem to complain even as our life styles seem to improve every generation.
Exactly.
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Though I wouldn't say ripped off, at the end of the day, the average person now consumes more products and services than any time in history, while also putting the least effort in history.
I mean compare our life styles to 100years ago, the average person is now sitting in a much bigger home, with machining machines, vacuum cleaners, dryers, computers, TVs, air conditioners, probably atleast 1 car, the person is probably eats more food but does less cooking, owns more clothes, has probably had international holidays, works less hours each day and the work is made easy by modern tools.
We really are richer than we have ever been, but we are never happy. We always still seem to complain even as our life styles seem to improve every generation.
Yeah sure, but we all want value for money don't we ?
My supermarket sold some nut bars in a package with a display window, The package was about twice the size of the actual bar but you couldn't tell that from looking at it because the bar filled the display window.
That's false advertising and greed. Fool the customer into thinking he's buying more than he actually is.
If your bakery reduced the size of your pie but increased the price, would you complain or praise his business acumen ?
Yes, I think I agree with all of that.
This table is interesting
20 happiest countries in the world
1 Paraguay
2 Panama
3 Guatemala
4 Nicaragua
5 Ecuador
6 Costa Rica
7 Colombia
8 Denmark
9 Honduras
10 Venezuela
11 El Salvador
12 Indonesia
13 Philippines
14 Thailand
15 UAE
16 Canada
17 New Zealand
18 Australia
19 Chile
20 Argentina
http://www.abc.net.au/news/2014-05-23/australia-the-worlds-18th-happiest-country/5471108
You wouldn't think Panama, Paraguay and Guatemala were particularly rich countries would you ?
So there is more to happiness that material satisfaction.
This is what happens when corporations get too much power.
Martin Shkreli: Controversial 'pharma bro' refuses to testify over HIV drug, calls US Congress 'imbeciles'
http://www.abc.net.au/news/2016-02-...n-shkreli-fifth-amendment-us-congress/7142232
I just watched the whole interview. Doesn't that little **** make you angry.
Boy-oh-boy, what I'd give to punch him in that smug face of his...
Objective morality doesn't apply when making money.
I don't think I need make any comment...
http://www.executivestyle.com.au/pastor-insists-church-needs-85m-gulfstream-jet-ghixem
Obviously he is trying to succeed where the Tower of Babel failed ...closer to God an all that.
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