Greedflation: corporate profiteering ‘significantly’ boosted global prices

[chuckChuck]

Perhaps I write too fast. Meant to be read as if spoken aloud.

Greed/gluttony is a natural human trait.
We are all capable.
We control it through wisdom.
Both capacities for which, found only in humans.

Good laws and respect thereof, provide checks and balances.
Allowing the natural laws of economics to benefit everyone.

In some way or another, no matter ability.

It is only natural that money flows towards itself over time.
Wise rules slow it down and redirect it.
Resets occur through regulation or revolution, similar events with largely different levels of pain.
Think of playing Monopoly if it helps.

Doubtful you can find a system of societal governance that isn't susceptible to human weaknesses.
Name one where power didn't consolidate.

If you don't like the admittedly flawed system we are in, please outline a sustainable improved version. I know this one won't last forever.

BP I am glad to see that you recognize that "Good laws and respect thereof, provide checks and balances."

However there is no such thing as "natural" laws of economics" everything you know of economics was created by humans.

And its extremely naive to believe that "natural" laws of economics" benefit everyone. The economic system we have benefits those with the most wealth and power already.

If the system is so successful at benefiting everyone, why do a large percentage of the worlds population, including a significant number of Canadians, live in poverty?

[fjlip]

Because they need more ENERGY, coal plants, oil and gas to raise standards of living.

[AlbertaFarmer5]

BP I am glad to see that you recognize that "Good laws and respect thereof, provide checks and balances."

However there is no such thing as "natural" laws of economics" everything you know of economics was created by humans.

And its extremely naive to believe that "natural" laws of economics" benefit everyone. The economic system we have benefits those with the most wealth and power already.

If the system is so successful at benefiting everyone, why do a large percentage of the worlds population, including a significant number of Canadians, live in poverty?

You are conflating equality of opportunity, with equality of outcome.
The former is at least theoretically possible, the latter is unequivocally not possible.
Equality of opportunity is probably the most righteous goal a society should aspire to.
Equality of outcome is a society and economy destroying unachievable fantasy which has been proven unworkable over and over again.
I have a lot of thoughts on how we could improve equality of opportunity. But you have made it abundantly clear that you would not support these egalitarian principles, judging by your continued insistence that your own offspring deserve to inherit the land which you yourself inherited.

[blackpowder]

Exactly. Telling that you even had to explain it.

There has always been rich and poor no matter the system.

Our desire for better eventually rewards all, even those who can't contribute. That shouldn't need further explanation. Should it?

The flow of money is as natural as electricity even though it is a man made concept.

Human behaviour is as natural as the species itself. Utopia cannot exist for us.
More can be done for the less fortunate. Pilloring the rich however easy, is counter productive.

You (chuck)are neither lazy nor feeble minded. Rise above the theories and tactics of same. Evolve.

[chuckChuck]

BP you essentially said greed benefits everyone. That's just not true, its a lie you tell your self.

And you didn't answer whether you taught your kids to be greedy and self centered.

[blackpowder]

Someone's been busy today.
Checked my screentime and thought it needed throttling. You might benefit as well.
Perhaps I should have used the word desire or want instead of greed. It being a negative extension of the others. A fine line.
Maybe you read that selfish was admirable and that's not what I intended at all.
Maybe if your Guardian authors could prove illegal activities we could have better safeguards.
I sense it's possible you're smarter than Jagmeet Singh. The system that gave the world most of its current technologies and us our living standard can't be tossed away carte blanche.

I don't get to teach my daughter much as I only see her a couple hours a year.
My son is slowly recovering from trauma and I try to teach by example as best I can. I would give almost anything if he had a desire or want for anything at all.
Thankfully I didn't have to teach him how to smell bs.

[chuckChuck]

BP, you still haven't answered the question below.

If the system is so successful at benefiting everyone, why do a large percentage of the worlds population, including a significant number of Canadians, live in poverty?

And its extremely naive to believe that "natural" laws of economics" benefit everyone. The economic system we have benefits those with the most wealth and power already.

[blackpowder]

What system would you suggest?
All that come to mind in existence have a 1% of the pop with most of the money. 80/20 rules apply as well I believe. Sorry, more laws... It's because we're all human.
Our system or a hybrid of it, the most stable and safest of choices at the moment. Can't disagree with that one.
I admit Scandinavias' system appears fine, if you could get everyone else to go along. But even it is susceptible to the vagaries of human nature and its natural tendencies.
Our system allows you to have 6 - 7 x my net worth (based on what you let slip) and I don't want any of it. I want you to keep it all so I can build and keep mine by the same rules.
I don't want anything of any one elses. Because I don't want anyone else to want mine. Think about that.
If the burden of being a 1% er is too heavy, the tax system allows you to donate heavily to charity.
Without research I don't know but, how many philanthropic orgs exist in the other systems?
If we have a disproportionate number in poverty compared to similar nations, I suggest freeing the First Nations from the treaty system as a start.
Answer A5s question regarding the difference between equality of opportunity vs the equality of outcome. A theory contradictory to all the great minds and writings of history would be worth reading.
Is it wrong for Gates and Musk to be so wealthy? Because we want the technology they develop.
Do you hate oil because it benefits Oligarchs and Sheiks the most? That would be fair if it wasn't such an unbalanced position. We have benefitted from that too. And nothing we do here will change it.
To assume there won't be any risk of Oligarchs or Sheiks in the future energy or food world, that's naive.

[AlbertaFarmer5]

Chuck, see my post above about he difference between equality of opportunity and equality of outcome.
Do you think equality of outcome is possible?
If you redistribute enough wealth, do you think the homeless addict with mental problems and low IQ is going to achieve the same success as Elon Musk?

[blackpowder]

He believes better is possible and so do I. The difference is he denies theories that are essentially irrefutable.

[AlbertaFarmer5]

It would be an interesting social experiment to reset the game and observe the outcomes.
On some random date, Put everyone's game piece back on start, return all of the cash and properties and houses and hotels to the bank, forgive all debts. Give everyone their equal $1,500 in cash.
How many years would it take before the game board looks exactly the same as it did before the reset?
My guess, within weeks, 99% of the bottom tier will be back to abject poverty. The self-made millionaires from the first time around, will be millionaires again within a couple of years.
The silver spoon types will take a bit longer, and never achieve the same degree of wealth.
There are bound to be a few exceptional cases of smart, talented highly ambitious people who were losing in the previous game due to unfortunate circumstances, who will take advantage of the fresh start to leap ahead of everyone else. And the opposite would most definitely happen.
As compared to every other failed wealth redistribution scheme which has been attempted so far, this might just be the least worst.

[AlbertaFarmer5]

In case it isn't obvious, I am a big fan of monopoly. I was unbeatable when I was a kid. Started playing with my own kids when they were quite young. They beat me every time now.