Originally posted by tgidkp
the singular reason for this disparity lies in understanding the difference between ....
...I really am at a loss here. whatever can we do?
Well said tgidkp, you hit the nail on the head. I advise nations on systemic methods to avoid corruption and cronyism. Socialism is not our main
challenge, Cronyism is. Cronyism is a type of mafia condition where elite people make their profit by who they know and the connections they have,
and not through innovation, competition, market savvy, velocity of money, creativity, ideas, inspiration, sexiness, and fun. Cronyists pretend to do
I recently started a venture with a Wall Street connected friend of the political elite, presuming immediate credibility towards his business prowess
since he was worth over 1.2 billion. I was sadly mistaken as he had no ability to determine executive savvy, did not understand the first thing about
a P&L statement, no idea of market and brand development, and made horrible operating decisions which he ethically should have left to the managers
who were in charge of that. The partnership crumbled fast as he continued to become more and more critically blind and dysfunctional.
In the end, I caught him paying off the stockholder's lawyers to get them to let slip by super majority voting right adjustments which would give him
full ability to dilute the company and take control and sell out the minority stockholders for a paltry sum per share. I alerted the
stock-holdership as soon as I found out what was happening, as ethically I should, and the corporation dissolved.
He had only made his money through manipulation, payoffs to govmt officials to give him advantage on real estate deals, screwing his employees and
partners, connections inside of sure thing set-ups which Wall Street concocts and deals out to their cronies. Being friends with political elites who
then would give him big position in sure thing deals. Make $200 million over night for doing really nothing.
He had never actually really run a business.
This was not capitalism and free enterprise - It was Cronyism. And I met the BIG names on Wall Street in this process. Elitism and Cronyism, the same
thing that keeps science from advancing - through fake Elitist SSkepticism... Cronyism is more damaging than socialism, and its end state is always
eventually bloodshed. I work hard with several nations right now to adjust their capital, ownership and taxation policies, to not recreate what we
have in the US. They simply cannot afford to replicate this.
The purpose of your work is to provide Value. Period.
If you take a dollar and provide no compensatory value back to the economy for that dollar - you contribute to inflation - and deposit suffering onto
everyone else's shoulders, to make up for you.
There is a solution.