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Richard Erlacher
08/21/12 09:16
Read: 455 times
Denver, Co
USA


 
#188104 - That's very much the case
Responding to: Christoph Franck's previous message
Unfortunately it's seldom possible to rule out their accepting payment or other compensation as they won't allow that to be part of the contract.

Further, people are inherently corrupt, at least to some extent. For many of them, their corrupt nature says, "In for a penny, in for a pound" and the result is that you not only get "screwed" a little bit, but as much as they can arrange, if it benefits them.

Look at the recent events on Wall Street. Major investment firms were promoting investments that they, themselves, were betting would decline in value, causing losses for their own customers.

The whole concept of "good vs. evil" is a fallacy. If we base our notion of what's corrupt on that, or any related notion, we're in for a rough ride. The fact is, most of the time, what's good for one is evil for another, somewhere. Pumping petroleum out of the ground is good for those who process and sell it, but it's evil for everyone including themselves if one considers the environmental impacts. Selling equities on the market is good for those who profit, but bad for those who are subsequently owners of overvalued equities. The entier business of selling shares in a company that you're selling for someone else means that someone is buying higher risk. You buy a stock at what you consider a fair value, based on its prior performance, and then a broker attempts to sell it at a higher cost so that you, and he, of course, can profit. If you've paid a fair price, then the one to whom the shares are sold is getting overvalued shares. How is that equitable? The real value of the shares doesn't go up just because you want to profit.

Now we have people here in the U.S. who think they'd like us to privatize our social security system, so that they can profit on the ensuing transactions. It's all a house of cards! What happens to the system when the house of cards collapses?

RE


RE




List of 30 messages in thread
TopicAuthorDate
Salary System      Arif Deshmukh      08/10/12 23:08      
   "System"?      Andy Neil      08/11/12 08:04      
      Govt. System      Arif Deshmukh      08/12/12 00:00      
         Perhaps it's just another "bump in the road" for India      Richard Erlacher      08/12/12 07:54      
            Here is another bump      Arif Deshmukh      08/13/12 04:19      
         In The U.S.      Neil Kurzman      08/14/12 18:25      
   yeah well.      Jez Smith      08/14/12 02:18      
      Oh! Means I Am Lucky      Arif Deshmukh      08/14/12 04:37      
         Also        Jez Smith      08/14/12 10:10      
            We don't do it willingly ...       Richard Erlacher      08/14/12 11:26      
               Very Strict In India      Arif Deshmukh      08/15/12 01:09      
            yep      Andy Peters      08/17/12 15:30      
      You Make it sound like a bad thing.      Neil Kurzman      08/14/12 18:32      
         Cube covering      Rob Klein      08/15/12 03:52      
            I don't remember even one "cubie" that wasn't padded      Richard Erlacher      08/15/12 18:07      
            No Padding      Neil Kurzman      08/16/12 13:40      
      Not if your company follows this advice      Andy Neil      08/23/12 12:28      
         male cow manure      Erik Malund      08/23/12 12:38      
            wow      Neil Kurzman      08/23/12 20:57      
   New Zealand working conditions      Bert Van Den Berg      08/17/12 12:40      
      Here in the U.S.      Richard Erlacher      08/17/12 13:37      
         No Pension      Arif Deshmukh      08/19/12 22:03      
            Well ... there are those who believe ...       Richard Erlacher      08/19/12 23:21      
               Biased sample selection.      Christoph Franck      08/20/12 05:06      
                  You've overlooked the inherent bias ...       Richard Erlacher      08/20/12 11:21      
                     Paying for professionals.      Christoph Franck      08/21/12 01:39      
                        That's very much the case       Richard Erlacher      08/21/12 09:16      
            Arif: Which govt are you referring to?      Kalpak Dabir      08/20/12 04:50      
               BMC      Arif Deshmukh      08/20/12 10:16      
                  What would trouble me ...       Richard Erlacher      08/20/12 11:35      

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