Friday, August 10, 2012

What's really wrong with the Stockmarket ?

Check out this page.
John Coates, the writer of this book has the right idea: what we need for stability in the global markets is a way to disconnect the gambling, risk taking activity of stockbrokers from the survival of people.

Here again is the same issue but related to the current drought in the U.S.A.
This article tells an even more serious story: wars and mass deaths could result from the crazy speculations of wall Street.

After the recent collapse of big traders on Wall Street, one might have though that the US Government would get smart and change the way things were done: but no, it didn't.  Now we have computers doing the trading far faster than any human could - but the game itself is no different.

What we really need is a way to get all this Big Betting Shop away from the essential business of people getting food to eat, clothing and a roof over their heads. . . . .  but I suspect that won't be changing in a hurry.

You can hear similar sentiments expressed in the voiceover on this song: 

Too many people just can't seem to grasp the idea that There's no such thing as a free lunch :
by creating money out of thin air, you devalue all the real money and everyone loses out.

 . . but then that's the nature of humans I guess: the environment problem is the same sort of thing, you can't instantly see the result of driving a big V8 every day so people say "Oh, nothing is hapenning" but it adds up,  and over the years all those big V8s gradually  do the damage . . . . but by then it is much too late. 

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