Goldman Sachs questioning efficacy of capitalism

[Chef Jim]

 

Organized crime is also the Irish, Russians, Japanese...

 

And viniculture is French.

 

Now the word viniculture may have it's origins in France viniculture itself is not French.

 

Italians are the best at organized crime and have some of the best wine on the planet therefore........

 

Organized crime=Italians=wine=viniculture!

[Deranged Rhino]

http://www.theguardian.com/business/2016/feb/28/mervyn-king-new-financial-crisis-is-certain-without-reform-of-banks

[DC Tom]

http://www.theguardian.com/business/2016/feb/28/mervyn-king-new-financial-crisis-is-certain-without-reform-of-banks

 

There will always be a financial crisis on the horizon. Doesn't matter how you reform anything.

[unbillievable]

The reality of Capitalist countries is that they're often vulnerable to devastating financial crashes. On the other hand, most Socialist countries are too poor to notice the difference.

[Deranged Rhino]

[/dev/null]

Then why did the Aliens set up the system?

[Tiberius]

http://www.reuters.com/article/us-argentina-debt-idUSKCN0W2249

 

Did the hedge funds buy up the bonds at deflated value and sit and wait for this decision?

[unbillievable]

Then why did the Aliens set up the system?

So we'd be able to trade with the Ferengi Commerce Authority.

[Pine Barrens Mafia]

Then why did the Aliens set up the system?

 

not the aliens.

 

[Nanker]

That's some family picture. Cute little tyke. Wonder when he will sprout horns.

[TPS]

http://www.reuters.com/article/us-argentina-debt-idUSKCN0W2249

 

Did the hedge funds buy up the bonds at deflated value and sit and wait for this decision?

This was discussed some time ago. Yes, they did buy up the debt at a good discount, then sued Argentina in a NY court...

[Tiberius]

This was discussed some time ago. Yes, they did buy up the debt at a good discount, then sued Argentina in a NY court...

So is this an example of how the hedge funds are a good factor in the economy? What would have happened if they had not been there to pay back something to those that held the bonds? Who would have sued?

[DC Tom]

So is this an example of how the hedge funds are a good factor in the economy? What would have happened if they had not been there to pay back something to those that held the bonds? Who would have sued?

 

What? What language is this?

 

Take a remedial English class already.

[Deranged Rhino]

 

What? What language is this?

 

Take a remedial English class already.

 

And maybe some basic math, history, and philosophy classes. With some hard study and a few years worth of reading he may even graduate from ignorant asshat to dumbass.

[Tiberius]

 

And maybe some basic math, history, and philosophy classes. With some hard study and a few years worth of reading he may even graduate from ignorant asshat to dumbass.

Campaign?

[Deranged Rhino]

Campaign?

 

http://www.youtube.com/watch?v=ez-NsShMK74

[Pine Barrens Mafia]

Nigel Farage is freaking awesome. Hell, most British MPs are fantastic compared to our milquetoast political class.

[Deranged Rhino]

 

The Secrets of Surveillance Capitalism

Governmental control is nothing compared to what Google is up to. The company is creating a wholly new genus of capitalism, a systemic coherent new logic of accumulation we should call surveillance capitalism.

 

(snip)

“Most Americans realize that there are two groups of people who are monitored regularly as they move about the country. The first group is monitored involuntarily by a court order requiring that a tracking device be attached to their ankle. The second group includes everyone else…”

(snip)

The game is no longer about sending you a mail order catalogue or even about targeting online advertising. The game is selling access to the real-time flow of your daily life –your reality—in order to directly influence and modify your behavior for profit.

(snip)

The goal: to change people’s actual behavior at scale

This is just one peephole, in one corner, of one industry, and the peepholes are multiplying like cockroaches. Among the many interviews I’ve conducted over the past three years, the Chief Data Scientist of a much-admired Silicon Valley company that develops applications to improve students’ learning told me, “The goal of everything we do is to change people’s actual behavior at scale. When people use our app, we can capture their behaviors, identify good and bad behaviors, and develop ways to reward the good and punish the bad. We can test how actionable our cues are for them and how profitable for us”.

(snip)

A Goldman Sachs reportcalls it a “gold rush,” a race to “vast amounts of data.”

(snip)

The assault on behavioral data is so sweeping that it can no longer be circumscribed by the concept of privacy and its contests. This is a different kind of challenge now, one that threatens the existential and political canon of the modern liberal order defined by principles of self-determination that have been centuries, even millennia, in the making. I am thinking of matters that include, but are not limited to, the sanctity of the individual and the ideals of social equality; the development of identity, autonomy, and moral reasoning; the integrity of contract, the freedom that accrues to the making and fulfilling of promises; norms and rules of collective agreement; the functions of market democracy; the political integrity of societies; and the future of democratic sovereignty.

(SNIP)

Capitalism has been hijacked by surveillance

I’ve come to a different conclusion: The assault we face is driven in large measure by the exceptional appetites of a wholly new genus of capitalism, a systemic coherent new logic of accumulation that I call surveillance capitalism. Capitalism has been hijacked by a lucrative surveillance project that subverts the “normal” evolutionary mechanisms associated with its historical success and corrupts the unity of supply and demand that has for centuries, however imperfectly, tethered capitalism to the genuine needs of its populations and societies, thus enabling the fruitful expansion of market democracy.

(snip)

An analogy is the rapid spread of mass production and administration throughout the industrialized world in the early twentieth century, but with one major caveat. Mass production was interdependent with its populations who were its consumers and employees. In contrast, surveillance capitalism preys on dependent populations who are neither its consumers nor its employees and are largely ignorant of its procedures.

 

http://www.faz.net/aktuell/feuilleton/debatten/the-digital-debate/shoshana-zuboff-secrets-of-surveillance-capitalism-14103616-p2.html?printPagedArticle=true#pageIndex_2

[TakeYouToTasker]

Then don't use the internet.

 

Seriously.

Edited March 12, 2016 by TakeYouToTasker

[meazza]

Then don't use the internet.

 

Seriously.

Then who would find clever ways to call gator man an asshat?