*****
that tells me there has been an increase in the number of people who can buy such stuff, and it comes along at the same time as an increase in poverty?*****
Good point.
I am finally coming around to the view that the system is rigged. There are too many people making too much money by doing absolutely nothing. They produce nothing and they create nothing. If you can make millions or even billions by punching a few keys on a computer, or shuffling a few papers around, then a $185,000 stereo amp is nothing. After all, you didn't have to work for it.
How can we have a system where hedge fund managers can bet against the market, then spend all their time making sure the markets fall, and then they makes millions. All these so-called 'instruments' are just creations someone came up with to get rich. Not based on market forces or economic performance all. Schemes. Scams. There will be a reckoning.
But all systems 'correct' themselves when they get too far out of balance. Russia in 1917, Germany in 1930's, China in the 1950s, America in _____. Hope I'm not around.
Cheers
Good point.
I am finally coming around to the view that the system is rigged. There are too many people making too much money by doing absolutely nothing. They produce nothing and they create nothing. If you can make millions or even billions by punching a few keys on a computer, or shuffling a few papers around, then a $185,000 stereo amp is nothing. After all, you didn't have to work for it.
How can we have a system where hedge fund managers can bet against the market, then spend all their time making sure the markets fall, and then they makes millions. All these so-called 'instruments' are just creations someone came up with to get rich. Not based on market forces or economic performance all. Schemes. Scams. There will be a reckoning.
But all systems 'correct' themselves when they get too far out of balance. Russia in 1917, Germany in 1930's, China in the 1950s, America in _____. Hope I'm not around.
Cheers