Just, you know, because I feel the need periodically to point out that capitalism is entirely fictitious, totally a fraud. Just to demonstrate once more that the self-justifying principle that so-called free markets most effectively raise and allocate capital for new enterprise is fake. Not only are the values of business ventures divorced from the actual production of goods and delivery of services, they are divorced from the names and identities of the very phony companies in which they invest. Yeah, but, you know, like, whatever.
15 comments:
"Tradebot, one of the biggest high-frequency traders around, had not had a losing day in four years, he said."
this is usually the mark of some sort of scam, or possibly scamola
The fervor of one's support for capitalism usually depends on which side of the fraud one resides.
In a real free system of capital allocation, the existence of clearinghouses and small time positive feedback trading mechanisms may be a good thing. It may be a very bad thing. One could look from a distance and at some point decide whether to go and trade his/her capital in exchange for promises of future gains on this or that Bourse.
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The big fraud, the big scam is Wall Street itself and its fed-gov guaranteed take of all fedgov serfs' revenue.
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The yanqui insistence that the scam be run fairly is somewhere between childish and insulting.
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And the demascation of rogue elements within the management (a few bad apples I'm sure), in the official mouthpiece, such a standard technique of pyramidal societies.
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Capt'n Obvious
"Wot this town needs is some regulatin'" says Senator Edward E. Feedbag, Sheriff of Delaware.
As if you could legislate away human nature...
Here is a better idea, how about you don't play the game if'n you don't understand how to play?
Which is why, when the high-frequency trading Skynet becomes self-aware, it will finally do away with the actual production of goods and delivery of services.
"Here is a better idea, how about you don't play the game if'n you don't understand how to play?"
NoT,
Is the current atrrangement giving you any say on the matter, bub?
how about you don't play the game if'n you don't understand how to play? Obviously, you're not a golfer. Thud.
Your say in the matter is whether you play or not.
I'm saying that if you ARE going to play, maybe you should read the rule book and understand the risks first (or hire someone who HAS to make your moves for you).
I have no faith that adding another umpire will make a spitwads worth of difference in all the trash on the dugout floor.
@ NoT and PoN
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Really, being allowed to choose to which group of heads of the WallSt & Gub'mintSecurities Hydra you 'allocate' YOUR hard earned scrap of bread
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that's having a say on the matter?!?!
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Capt'n Obvious
Capt, you Obviously haven't seen War Games. that other guy, too.
Here's some observations on high-speed trading from a couple months back. Check out the link with the sharks.
@NoT
Seen it (booriing). What a waste of my time. Still, I don't think the systema run by Onkel Zam gives us peons much choice of playing or not.
Having said that, I obviously need my ocular aids adjusted occasionally.
Capt'n Obvious
It's Milo Minderbinder's world, we just live in it.
or at least your meds.
Now, now, NoT why so quickly to generalize your personal exploits?
Capt'n O
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