PsihoKekec
Swashbuckling Accountant
We aren't part of the classical economy anymore, we are now a glorious debt based post-industrial economy.
Soros pledges billion dollars to university network fund to fight rise of nationalist sentiments
- Thread starter DarthOne
- Start date
D
Deleted member
Guest
Exactly so. The Modern Economy is now a game of charades and nothing more--it serves to enrich those able to play the game with the wealth created by a steadily dwindling group of real producers, the farmers and industrialists who actually make things.
I don't find it unethical. Basically, a bank and the government made up economic bullshit. They are the ones who did wrong to the taxpayer. Soros was just the well compensated whistleblower.
Terthna
Professional Lurker
A whistleblower is someone who informs the people of wrongdoing on the part of certain organizations; Soros did nothing of the sort. At best, he took advantage of the situation to benefit himself; which is not praiseworthy. At worst? He's a parasite, because the man earned his money at the expense of everyone else; and if that's someone you want to look up to? That's fine; but doing so says a lot about you, and none of it is good.
He did expose wrongdoing, on the financial side: The Bank of England bullshitted the public saying they could stay in the ERM. Soros exposed their bullshit. The people you should be mad at are in the Bank of England and the Government. The Brits had no business tying their exchange rate to the Germans, as their inflation was 3 times higher. But they did it. Complaining about Soros profiting off of it is like blaming the cop for catching the thief.
Terthna
Professional Lurker
No; it's pointing out that a thief who steals from another thief, is still a thief. Stop ascribing noble intentions to someone who demonstrably never had them; you sound like you're trying to convince yourself, more than anyone else.
I'm not ascribing noble intentions here, just noting that I am happy that someone exposed the bullshit the Bank of England was trying to do.
And second, his actions weren't bad. Exposing a company doing bullshit is quite moral. Shorting Bernie Madoff (had someone done it), shorting the housing market, and Soros shorting the Pound are all examples of people profiting from others doing something wrong.
I'll lay out Soros' huge crime here: He thought that the Bank of England was making a promise it couldn't keep, so he shorted the pound, then sold off pounds to demonstrate that the Bank couldn't keep this promise. Surprise surprise, the Bank couldn't.
Now why was the Banks position so bullshit? Because they violated the impossible trinity (aka the trilemma). Basically, a central bank can do 2 of these 3 things, but not all 3:
Free flow of Capital (Britain is built on finance, it needs this)
Control of Exchange rates (pegging the pound to the deutschmark was the ERM)
Control of Monetary policy (the ability to freely set interest rates in order to stimulate the economy)
Now Britain had nominally given up the 3rd (control of monetary policy), which meant it couldn't help its recession economy. What this means in practice is that it sold out the little people (anyone in debt is helped by inflation, not hurt, and they are the ones most effected by the bad economy) in exchange for less inflation which helped those who had money (specifically pounds). Soros noted that Britain still needed some control of monetary policy, because it was in a recession, and so there was a limit to how much Pound sterling the Bank could buy.
tl;dr: The Bank made checks it couldn't cash by selling out the poor and not responding to the recession. George Soros called out their bullshit and won. Good on him for this.
I'm gonna call it a communist plot to destroy family & property values.
Well, also the people who produce the intellectual goods, entertainment goods, etc. They make things too. Though of course they rely on the farmers and industrialists too. I wonder, but would moving back to more artisan production be helpful in the current world? Take that farmer's market stalls and such businesses and expand them outwards?
Family values? Nah son, you're actually a communist infiltrator, you can't trick me fucker
This is starting to sound like that one Doom fic. All that needs to happen, is for the ceiling to collapse, and then for him to transform into a communist zombie who wants to travel to the moon and paint it pink and draw a Lenin face on it.
Anyways, by cartoon logic, if he is secretly a commie rat, that would make you a capitalist pig in disguise, attempting to subvert the revolution.
CarlManvers2019
Writers Blocked Douchebag
No need to subvert the revolution, Communist powers have made compromises with Corporate, it’s in part why China’s so powerful
Helps also get rid of both unwanted competition and companies that may have pissed off the Party
That actually shows to me the value of pragmatism and compromise, that by bringing in elements of (a) different system(s) they have strengthened their country.
CarlManvers2019
Writers Blocked Douchebag
Strengthened their government much more in the long run, the people themselves maybe screwed over in the long run, because they(government)didn't think that far ahead, are willing to get rid of actual dissenters with advice and have become rather control-freak-y
Well, that proves my point even further, since they aren't being pragmatic and compromising. Rather than finding a way to integrate dissidents into the regime when possible, they are giving them more grievance.
CarlManvers2019
Writers Blocked Douchebag
That may change in the future, it depends on the politician and the people
D
Deleted member 88
Guest
You know, “open societies” by their nature are no societies.
A society must be closed off in some form or another from outside forces, influences or agendas.
Soros world is basically New York City-a place where everything is permitted and no one is excluded, thus the city has no cultural character or identity beyond the identity of being cosmopolitan.
From a philosophical POV-soros wants identity to be negated entirely in the pursuit of the value of “tolerance”.
Which is probably one of the most pernicious and insidious notions ever.
A society must be closed off in some form or another from outside forces, influences or agendas.
Soros world is basically New York City-a place where everything is permitted and no one is excluded, thus the city has no cultural character or identity beyond the identity of being cosmopolitan.
From a philosophical POV-soros wants identity to be negated entirely in the pursuit of the value of “tolerance”.
Which is probably one of the most pernicious and insidious notions ever.
CarlManvers2019
Writers Blocked Douchebag
How much does Soros hang around say, Muslims? Because I think amongst immigration groups, they’re the most homogenic in terms of social values or majority held beliefs
D
Deleted member 88
Guest
I honestly think he imagines Muslims just need to be warmly welcomed and they will integrate into his post modern popperian liberal utopia.
And they won’t use the tolerance and “compassion” of the open society to impose their own.