Current Topics
Election Day
by pondering_it_all
Today at 05:08 AM
Is it too soon to be talking 2020?
by Ken Condon
Today at 04:48 AM
CNN's lawsuit over White House ban of Jim Acosta
by logtroll
Today at 12:01 AM
RED ALERT: Obstruction of Justice on Overdrive!
by NW Ponderer
Yesterday at 06:21 PM
Our Embarrasment of a White House
by NW Ponderer
Yesterday at 09:28 AM
Round table NOVEMBER 2018
by Jeffery J. Haas
11/12/18 04:44 PM
The Passing Parade: Obituaries: 2018
by pondering_it_all
11/12/18 06:28 AM
the economy
by pondering_it_all
11/11/18 04:25 AM
Happy Birthday, United States Marine Corps
by Greger
11/10/18 08:45 PM
What Left?
by Greger
11/09/18 02:42 AM
Sleazy Slimeball or Slimy Sleazebag?
by NW Ponderer
11/08/18 06:25 PM
The rising tides are upon us
by pondering_it_all
11/08/18 01:15 AM
People who remember every second of their life - Total recall | 60 Minutes Austr
by Jeffery J. Haas
11/04/18 10:42 PM
Frontline: Facebook Dilemma
by Jeffery J. Haas
11/04/18 10:27 PM
Miscellaneous humor thread
by Golem
11/04/18 09:22 PM
Roundtable for October 2018
by logtroll
10/30/18 11:06 PM
An Open Letter to My Teenage Son (Vietnam War era artifact)
by Jeffery J. Haas
10/29/18 05:02 AM
Media and Trump
by Jeffery J. Haas
10/28/18 08:09 PM
Debt Crises
by jgw
10/28/18 07:48 PM
The chosen one?
by Jeffery J. Haas
10/27/18 12:40 AM
Forum Stats
6248 Members
58 Forums
16415 Topics
282754 Posts

Max Online: 294 @ 12/06/17 12:57 AM
Google Adsense
Page 6 of 6 < 1 2 3 4 5 6
Topic Options
#309300 - 11/08/18 06:06 PM Re: the economy [Re: Greger]
pondering_it_all Offline
veteran

Registered: 02/27/06
Posts: 7990
Loc: North San Diego County
Homeostasis means more than stability. It means the system tends to be self-correcting. Excesses happen for a variety of reasons, and then a backlash from another part of the system corrects the excess. Usually over-corrects, but that excess is soon corrected again, etc.

In every age so far, the rich get richer. You want to do something about it? Have a French Revolution with heads rolling. Or just change the income tax structure back to Ike's model of 91% top rates. There is a lot of stuff to do when Democrats run the government again. But that just pushes the homeostatic equilibrium in that direction. It does not change it's fundamental nature.

Ignoring crime at the highest levels does attempt to break the system. The backlash is going to be very large. Keep it up and important people will die. The current Republican strategy pushes us towards the French Revolution correction.

Top
#309305 - 11/08/18 06:35 PM Re: the economy [Re: jgw]
chunkstyle Offline
member

Registered: 10/02/07
Posts: 1068
Or perhaps it will go something like Yugoslavoa or Rowanda. My bet is we get Balkanized. Backhoe ditches in back fields, partisan units, etc...


Edited by chunkstyle (11/08/18 06:38 PM)

Top
#309306 - 11/08/18 06:45 PM Re: the economy [Re: jgw]
chunkstyle Offline
member

Registered: 10/02/07
Posts: 1068
I'm intrigued by the U.K.'s labor manifesto that will regulate the private ownership of the wealth that is generated from corporations. They are advocating for a minimum % of equities to be owned by employees, as a compensation over time, and will give them a voice on the corporate governance of their work place. As Richard Wolf has advocated: "democratize the enterprise"
There are other ideas out there with a few put forward by our own representatives but getting almost no corporate owned media coverage. That narrowing of ideas and setting arbitrary boundaries on conversation thing.

Top
#309309 - 11/08/18 09:32 PM Re: the economy [Re: chunkstyle]
NW Ponderer Offline
Moderator
Carpal Tunnel

Registered: 09/09/11
Posts: 16296
I've made this point at various times over the years, but it is appropriate here: corporations are a creation of government and can therefore be regulated in virtually any way one wants. Obviously (I think), that doesn't mean that one can simply appropriate their assets without compensation, but it does mean that limitations can be placed on organizational structure and compensation schemes. A percentage of worker ownership, or limitation on executive pay, for example, are entirely legal and reasonable. They are, literally, the cost of doing business (as a corporation).

Top
#309326 - 11/09/18 05:28 AM Re: the economy [Re: jgw]
pondering_it_all Offline
veteran

Registered: 02/27/06
Posts: 7990
Loc: North San Diego County
I might point out that a great many US corporations have Employee Stock Ownership Plans that create employee ownership to some extent. Those stock holders can attend corporate shareholder meetings and propose items for shareholders to vote on.

Top
#309328 - 11/09/18 03:09 PM Re: the economy [Re: jgw]
chunkstyle Offline
member

Registered: 10/02/07
Posts: 1068
Yeah PIA, I realize that. The guy who delivers my shops material gets some of that. I've worked at companies that had that on offer thru HR.
I believe the Labor Party is proposing something modeled after the Meidner Plan proposed in Sweden in the 1970's.
It goes much further than a company offering a simple stock buy in plan.


Edited by chunkstyle (11/09/18 03:22 PM)

Top
#309334 - 11/10/18 03:50 AM Re: the economy [Re: jgw]
pondering_it_all Offline
veteran

Registered: 02/27/06
Posts: 7990
Loc: North San Diego County
Of course, most financial advisers will tell you to sell all your employer stock immediately: It's very dumb to have both your job and a lot of investments in the same company. If the company fails or just takes a big hit, your stock could drop a lot in value AND you could get laid off at the same time.

Happened more than once to me.

Top
#309338 - 11/10/18 02:19 PM Re: the economy [Re: pondering_it_all]
NW Ponderer Offline
Moderator
Carpal Tunnel

Registered: 09/09/11
Posts: 16296
I am VERY MUCH in favor of cooperative ownership. That is why, for example, I buy Chobani Chobani workers get ownership stake that could make them millionaires (USA Today). What the employees do with their stocks is up to them. The key is, creating a stake in the corporation, and a method for the workers to have a direct (and enforceable) impact on company management.

Top
#309345 - 11/11/18 04:25 AM Re: the economy [Re: NW Ponderer]
pondering_it_all Offline
veteran

Registered: 02/27/06
Posts: 7990
Loc: North San Diego County
Quote:
Chobani

Not to mention their Greek Yogurt is terrific.

Top
Page 6 of 6 < 1 2 3 4 5 6

Who's Online
0 registered (), 50 Guests and 0 Spiders online.
Key: Admin, Global Mod, Mod
Newest Members
TrentonP, Nosf50, erumonej, Jensen Breck, Albertapkr
6248 Registered Users
A2