Capitalism will save this world

Walter

Hall of Fame Member
Jan 28, 2007
34,843
92
48
Yet you follow Greta.
 

AnnaEmber

Council Member
Aug 31, 2019
1,931
0
36
Kootenays BC
FYI
The
breakdown of the corporation as an economic and social institution is a critical feature of capitalism today, and it deeply shapes how we value – and overvalue – small business. The disintegration of the old order, although couched in populist language of ‘shareholder democracy’, has generated uncertainty and dislocation as well as freedom and opportunity, and those ups and downs have not been distributed evenly. The well-educated with privileged access can take advantage of the new niches that open up, and become entrepreneurs. Those in the lower tiers, however, confront a deteriorating employment landscape pockmarked by wage stagnation, decreased mobility, and lower-paid and low-benefit jobs. Social safety nets are evaporating, and wealth inequality is expanding. ‘Necessity-based’ self-employment is rising in rich and poor countries alike. Self-sufficiency has always been part of the allure of opening one’s own business. In the globalised, atomised economy, it has also become an unstable lifeline.

By linking the political agenda of small business and large business, conservatives in the 1980s laid the foundation for a set of policy developments that hastened the globalising forces of late-stage capitalism and failed to mitigate its effects. By presuming that small business was uniquely or exceptionally innovative, they ignored the real world of small business owners and perpetuated a devastating myth that judged small companies by their ability to become Big Businesses. In so doing, they missed the most critical developments in global capitalism: the simultaneous fracture of the mid-century corporate world and the rise of an isolated, privileged global elite that marginalised and weakened the vast majority of small businesses.
- https://aeon.co/essays/what-does-small-business-really-contribute-to-economic-growth
 

MHz

Time Out
Mar 16, 2007
41,030
43
48
Red Deer AB
I understand that their initial listing failed miserably. Wonder if they'll succeed a second time.
The only ones buying the share up would be the ones that were rounded up in the middle of the night about a year ago.

The Netherlands should make up their mind, they are getting out of oil and gas or this is phase II beginning.

https://sputniknews.com/business/20...est-oil-discoveries-of-the-year-in-north-sea/
The Fram field in the North Sea is expected to harbour up to 100 million barrels. It is conveniently placed and is expected to commence production at short notice.

A major oil deposit in a so-called “mature” area of the North Sea has been discovered by Equinor, Norway's government-managed energy giant formerly known as Statoil.
More specifically, the Fram field lies about 20 kilometres north of the Troll field and about 120 kilometres northwest of the Norwegian city of Bergen. The area has been known for oil and gas activity for a long time.
“We have made one of the biggest discoveries of the year in the most mature area of the Norwegian continental shelf, not far from the Troll field. It shows what opportunities still exist for value creation and revenue from this industry”, Nick Ashton, Equinor exploration director for the Norwegian and British shelf said, as quoted by Norwegian broadcaster NRK.
 

Cliffy

Standing Member
Nov 19, 2008
44,850
192
63
Nakusp, BC
Why is there so much adoration of wealth hoarders. Is it not known that extreme hoarding is a symptom of mentall illness? Why is extreme wealth hoarding any different?


The worship of billionaires has become our shittiest religion
Nobody should have a billion dollars, and those who do are something other than fully human.


One billion dollars is a huge amount of money. Indeed: One billion dollars is such a huge amount of money, that there has recently emerged a whole sub-genre of images specifically designed to help us get our heads around how huge it is. If you, for instance, had earned a million a year, every year since the Battle of Hastings (that’s 1066, for non-Brits), and not spent any of it, you still wouldn’t (interest notwithstanding) be a billionaire. If you earned an annual salary of $43,000, you might eventually become a billionaire (again, not accounting for expenses or accumulated interest) — if you waited over 23,000 years.And none of this is even accounting for the still more extreme amount of money that Jeff Bezos has managed to accumulate over the course of his lifetime: $110 billion dollars, according to one recent estimate. The other day, I overheard a couple in the pub, students I think, arguing about how much a billion was. One thought it was ten million. The second bet that it was actually a bit bigger: one hundred million. When they realized that a billion is in fact either one thousand million (“short scale,” sometimes thought of as an “American billion” by British people) or one million million (“long scale,” used officially in Britain until the mid-1970s), they couldn’t stop laughing. People actually have that amount, like that amount of currency — in money? And they’re just allowed to sort of... have it?


Billionaires are powerful, and some people are just psychologically conditioned to be toadies.


More: https://theoutline.com/post/8187/billionaires-are-not-people
 

Durry

House Member
May 18, 2010
4,709
286
83
Canada
Corporate greed is good, it makes most people try to do better,,,, most,, that is,, except the born losers
 

petros

The Central Scrutinizer
Nov 21, 2008
109,239
11,367
113
Low Earth Orbit
Too bad Cliff doesn't get CPP. You need to work and pay in to get it. Do you think he has ever held a job for 5 straight years to qualify?