Re: pro- foreign key propaganda?

From: Bob Badour <bbadour_at_pei.sympatico.ca>
Date: Tue, 27 May 2008 17:19:09 -0300
Message-ID: <483c6cbf$0$4079$9a566e8b_at_news.aliant.net>


Ed Prochak wrote:

> On May 24, 10:22 am, Bob Badour <bbad..._at_pei.sympatico.ca> wrote:
>

>>goanna wrote:
>>
>>>In <4837296d$0$4034$9a566..._at_news.aliant.net> Bob Badour <bbad..._at_pei.sympatico.ca> writes:
>>
>>>>>>>>I think it only seems that way before one knows what metrics to use.
>>>>>>>>Once one understands what to measure, everything becomes much more
>>>>>>>>mechanical.
>>
>>>>>>>Well,  how do you tell a good metric from a bad one?
>>
>>>>>>A good metric, like ROA, reflects the goal.
>>
>>>>>And how do you tell a good goal from a bad goal?
>>
>>>>In the private sector, that's easy. A good goal is one that maximizes
>>>>shareholder value.
>>
>>>And here we have in a nutshell the now almost universally accepted core
>>>of free market capitalism, US style: the one dimensional optimisation
>>>of profit for the investor (which of course is just code for optimising
>>>the profits of the parasite classes who steal from the real investors).
>>
>>So, the pensioners whose pensions hold most of the shares are parasites?

>
> Are you suggesting pensioners hold the majority of stocks in the USA?
> I think you are badly mistaken.
>
> I did a quick google search and find the top two articles both said
> basically the same thing. Namely that wealth is concentrated in a
> small percentage of the population. Here's part of one web page:
> start quote:::
> MM: What portion of the wealth is owned by the upper groups?
> Wolff: The top 5 percent own more than half of all wealth.

What makes you think pensioners cannot be in the top 5 percent?

Granted, Microsoft and Google have concentrated a lot of wealth in a few hands.

> In 1998, they owned 59 percent of all wealth. Or to put it another
> way, the top 5 percent had more wealth than the remaining 95 percent
> of the population, collectively.
>
> The top 20 percent owns over 80 percent of all wealth. In 1998, it
> owned 83 percent of all wealth.
>
> This is a very concentrated distribution.
> ::: end quote
> from http://multinationalmonitor.org/mm2003/03may/may03interviewswolff.html
>
>

>>Are you suggesting it's a myth that a lifetime of toil means they earned
>>their wealth?

>
> But the issue really is: where do the benefits of wealth go?
>
> and since this is way off topic in c.d.t, that's all I will say.
>
> Ed
>
Received on Tue May 27 2008 - 22:19:09 CEST

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