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[quote user="blownout cylinder"] [quote user="schlimm"] $162 Bil. in bonuses for Wall Street executives in 2009. Great allocation of financial resources. Thank you to the omniscient, omnipotent "market." And some are incensed about $8 Bil. for HSR? [/quote] That is not an 'open market' idea. That was stupidity. Don't be blaming an open market for stuff like that. The former USSR had graft of huge amounts----China's Gang of Four did stuff akin to this
[quote user="blownout cylinder"]Having had relatives that lived in the former East Germany and the Soviet Union does do certain things to a person.[/quote] Same here, blownout, but only the former DDR (Thuringia) in my case . Abuses can take place anywhere. I'm not sure that the bonuses paid to executives are really even abuses. Certainly not illegal. Seems to me it is an intrinsic part of a system with little in the way of checks and balances (stockholders here have little voice).
It is rather surprising to realize that many here think that advertising is simply designed to inform folks of what is available. Some is, but most has has been based (since at least the 20's) on associations to situations or objects that most folks already desire. Beauty, violence, sex, power, wealth, etc. And apparently many have never heard of behavioral economics and finance (the world of irrational choices). It also appears that many here seem unaware of the many historical contributions
I agree with henry6. There is little point in trying to reason with RNC/FNC "talking points." If you want to deny global climate change, perhaps you'd like a free membership to the Flat Earth Society.
[quote user="blownout cylinder"]Acid Rain photos of the Black Forest wherein certain deciduous trees that had lost leaves--late October/early November tends to do that to trees around there at this time of year---the photos were supposed to depict a near leafless landscape due to acid rain yet--it became known that not only did some deciduous lose leaves but there was a certain type of evergreen lose its leaves too. OOPS. Rework the campaign...[/quote] The Black Forest consists(ed) almost
[quote user="henry6"]I am not totally sure that the market will find the correct answer though.[/quote] I am not sure the "market" is the only way to find answers to allocation nor is it always the best or most appropriate way. Many times it is, but there are some/many sectors where capitalism - decisions based on profit/return on investment - may not be the best mechanism.
This is certainly a more productive thread than the other one on HSR.
[quote user="htgguy"] Perhaps you would care to enlighten us as to when the free market is not the best tool for allocating capital, who should determine when those conditions are met, and what mechanism should replace it? Don't just criticize, propose alternatives. I think the free market is the best capital allocation tool. You don't, but you fail to say what should replace it. [/quote] I said there are other mechanisms (other than profit-driven or "government fiat"
$162 Bil. in bonuses for Wall Street executives in 2009. Great allocation of financial resources. Thank you to the omniscient, omnipotent "market." And some are incensed about $8 Bil. for HSR?
[quote user="blownout cylinder"]The 'Straw Man' in this case was this long distance flight .[/quote] I realize Wikipedia is not the greatest source and this is getting rather far from the original point, but... "A straw man argument is an informal fallacy based on misrepresentation of an opponent's position. Example: Person A claims: Sunny days are good. Argument Person B: If all days were sunny, we'd never have rain, and without rain, we'd have famine and death
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