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6:00 am, October 16th, 2010 - 62 comments
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Step right up to the mike…
Supplying the 10% wealth! How the right hijacked capitalism for the fewest.
The dogma continues, economies are to produce a very select kind of wealth
according to the mainstream media profits for the wealthy.
Sustainable economies don’t have huge excesses for wealthy people gamble
with. Shrinking economies certainly don’t. Yet as we move to a sustainable
economy we’d have to shrink the gambling of elites.
People make markets, and when peoples needs and desires are unmet
opportunties to grow markets is un-met. Peoples wants can be
delivered sustainable without much if any profit for the wealthy,
the wealthy need to add value to sustainable systems if they
want to stay wealth in the new economy.
So how is that feedimg the rich more wealth working out? As
our world economy goes from crisis to crisis? As elites demand
their wealth be protected, the government oblige by cannibalizing the
people even more. Turnabout, march in opposite direction already!
But wait, if only governments stopped protecting existing wealth, and only
started protecting FUTURE new wealth. Leave old wealth to look
after itself, it was new once and demanded no less of the old wealth it
displaced!
The economy is for the peoples needs and wants.
http://www.stuff.co.nz/entertainment/arts/4239839/Artist-paints-noble-picture-of-dole
One for Bill if he’s out there today (and not at the Labour Party conference 😀 )!!
An important debate, and this guy’s gonna be taking a lot of shit for raising it unapologetically. Courageous!
At least there are some alternative, potential memes penetrating MSM. Gets the ideas into the public discourse, even the media’s aim is in covering them is to to incite outrage and derision. Seems better to me than never being heard at all.
Brilliant line. And true.
My hat’s off to the guy.
As a work of art it is an interesting concept. As a social/political strategy it is appalling in my opinion. If you hate your job by all means leave it, but do your utmost to find alternate employment beforehand. I can’t support anyone who endorses voluntarily leaving employment just because they don’t like it much, most people I speak to find something about their work unpleasant but they stick with it because they have responsibilities and bills to pay. The country doesn’t have so much money that we can afford to pay benefits to people just because they don’t like their jobs. Social welfare ought to be a backup for those who suffer from unfortunate circumstances. There is a definite shortage of jobs at the moment, and people shouldn’t be penalised for not being able to find work, but similarly we ought not reward them for voluntarily leaving paid employment IMO.
As a work of art it is an interesting concept. As a social/political strategy it is appalling in my opinion. If you hate the plantation by all means leave it, but do your utmost to find another beforehand. I can’t support anyone who endorses voluntarily leaving a plantation just because they don’t like it much, most people I speak to find something about their plantation unpleasant but they stick with it because they have responsibilities and need to eat…And so on.
While I’m being a bit facetious with this comment, the fact that simple (almost single) word substitution creates an argument for the retention of slavery should alert you somewhat to the nature of your position vis a vis paid employment.
I could argue that having a job is immoral on a number of levels and point out that whereas the immorality of plantation slavery resided solely with the slave master, in the environment of wage slavery the employee must shoulder some of the blame insofar as the employee has a choice as to whether he/she will allow themselves to be engaged.
And if the employee only has the freedom to choose between having a job and destitution (no choice at all), then the term ‘wage slave’ can’t be denied and the portions of society that are bounded by the market and market choices might reasonably be considered in terms akin to the plantation (if not the prison that Tao Wells refers to.)
In the plantation days, the slave master provided back to the slave a small portion of the proceeds of the slave’s labour in the form of food and shelter etc.
In these wage slave days, the master provides back to the employee a small portion of the proceeds of the employees labour in wages which the employee then uses to procure food and shelter etc.
The bonus for the master in the second scenario is that by creating markets for the employees and their wages, the master becomes immeasurably more rich ( by means of numerous market opportunities) than under the former scenario.
So we should just give people money for doing nothing?
Forcing down wages by denying citizens the dole turns society into a prison.
In fact prisoners already don’t get the dole.
One could sumise that lawful people do work, they work to keep the civic
society functioning, make the possibility for wealthy to become wealthy.
If the people have no interest in respecting property rights then you’ll not
going to be able to tax them to fund a Police force to protect property rights.
You see a capitalist (you are not Lat) would know what capitalism is.
The invisible hand, Adam Smith, cannot occur unless there are free actors
making free choices with confidence that their wealth is assured.
Removing income support is also inefficient. When someone loses their
job they could end up losing their home, so income support is there to
stop loses just as an intervention in South Canterbury Finance was to
stop the wider Southland economy suffering.
But you see we live in a world where ignorance and baseless expertise
is the normal defense of neo-liberal stupidity, and we are all losing massively
from a misfunctioning market.
So please before you call for the destruction of a government program please
and least read the wikipedia page on the subject. But thanks for playing,
we need clueless people like you so we can know what they look like.
If you’d read my first comment carefully you’d realise I’m not advocating anything of the sort. One of the things I’m proudest about in NZ is our social welfare system & ideals. It is a valuable tool for helping those in need. I never suggested forcing down wages as a strategy for anything, But I don’t agree with giving a benefit to someone just because they don’t especially want to work. Otherwise why would anybody have a job? The whole system would fall, nobody would work, there would be no income tax take, and no money to pay benefits to those who need them. That might work in a pre-industrialised society where all we need to provide for our families is food and other basic necessities. That might be the world you would prefer (I don’t know you, so I apologise if I’m misrepresenting you) but I think the majority of kiwis quite like our modern consumer-oriented lifestyle. The need for an income goes hand-in-hand with our desires, we’re opened pandora’s box and we can’t realistically expect people to want it closed again.
Oh and this…
While I’m being a bit facetious with this comment, the fact that simple (almost single) word substitution creates an argument for the retention of slavery should alert you somewhat to the nature of your position vis a vis paid employment.
… is complete bollocks. Try this one from the Labour Party website (modified):
I want Labour to connect with Nazis, to engage with Nazis and sympathisers throughout the country to help us develop policies that destroy the lives and aspirations of all New Zealanders.
By changing the words, you change the meaning. By all means critique my original statement, but don’t put words into my mouth. Otherwise your argument is senseless and null. I’m sure Phil would agree. Oh and for the original, untainted, inspirational version of the above quote, go to:
http://www.labour.org.nz/meet-phil-goff
🙂
Lat you seem to forget that modern propaganda techniques were discovered by the Nazi’s.
And so of course all politicians frame their retortic as if they sound like Nazi, because
they do sound like Nazi’s. Its about appealing to emotions like less tax if we do away
with evil welfare, despite the fact that the US has actively been extending welfare in
the present crisis!
Think about it this way, a country like Haiti fails because it does not have a building
industry, it cannot create wealth without a viable cost effective building industry!
Well turns out that without a viable welfare system the poor cannot retain wealth
and society become prohibtively more unstable and lawless, look at the US! Huge
crime rates, huge social inequality, huge income inequality.
Stupid costs more!
Lats, you have essentially rewritten the piece and displaced the original meaning (‘reflects the needs’ becomes ‘destroys’ and ‘needs’ become ‘lives’…and so on). I didn’t do that. I substituted one word to change the contextual reference, and that aside maintained the original meanings…paying bills is on a par with a need to eat).
I was merely attempting to highlight the parallels between slaves caught in a plantation system and slaves caught in a market system; not to put words in your mouth.
That aside, are you saying that the two periods in the history of production marked by the use of slaves in the former and employees in the latter are not comparable in the way I suggest?
If not, why not? What is the defining difference that would remove employees from a reasonable definition of slavery, ie wage slavery?
I actually don’t disagree with you entirely. Yes, we do need to work to survive, the main difference being we have more choice over which plantation we work on, which master we work for, and which crop we harvest. And those who, for reasons beyond their control, are unable to head on out to the fields each day deserve our support. But, and I’ll say it again because this is the crux of my argument, Mr Wells in the original article is advocating the unemployment benefit as a deliberate lifestyle choice. Wells’ installation, The Beneficiary’s Office, urges people to abandon jobs they don’t like rather than suffering eight hours of “slavery”. I say no, find a different job, don’t expect a handout just because you don’t like your current job.
Getting great feedback for the Green Candidate in Mana Jan Logie, getting the same sort of vibe as we did when canvassing for Celia.. We are going to do well.
I listened to an interview that gave me some positive facts this morning. All about the growth of cities which have swelled alarmingly. But there are positive things that happen when people move from the rural areas. They are entrepreneurial and aspirational, they look for opportunities, their family size reduces, the land is farmed in a more productive way eventually. They will also repatriate money back to the village, so that gets a boost too.
They may be more entrepreneurial and vital than the settled people in the city they move to. Given the opportunity to buy property they tend to build multi storey buildings with a business on the ground floor and living areas above it. They will work to become middle class with its better standards of living.
Town planning regulations that don’t allow them to operate a small business from their living place prevent what is a natural path for them to find employment and manage their lives and living wage, increasing it gradually and becoming middle class. Obviously there needs to be areas zoned allowing for this style of living and working that allows for light industry and is perhaps more lenient as to noise.
We worry of how we will all manage in the future. This new book is out by a researcher with valuable information, views and anecdotes – Arrival City: How the Largest Migration in History is Reshaping Our World
http://www.radionz.co.nz/national/programmes/saturday
RadioNZ interviewed him this a.m. 8:15 Doug Saunders
Canadian journalist and author Doug Saunders is the London-based European Bureau Chief for Toronto newspaper The Globe and Mail, and has won the National Newspaper Award, Canada’s counterpart to the Pulitzer Prize, on four occasions. He visited 20 countries on five continents to study the effects of rural-urban drift, and writes about this in Arrival City: How the Largest Migration in History is Reshaping Our World (Allen & Unwin, ISBN: 978-1-74175-916-7).
Bloody hell Prism!
People generally move off the land because they have been forced off. And if being desperate and willing to try just about anything to stay alive is ‘entrepreneurial’ and ‘aspirational’, then hey.
And what is this about land being farmed more productively? That wouldn’t be double speak for ‘big agri business’ and mono culture would it? And ‘eventually’ wouldn’t be to do with the time it takes to force enough small holders/villagers/peasants off enough land to make the introduction of big agri business mono culture farming viable, would it?
And so on, and so on.
Next there’ll be some guy writing a book about how fantastic it is that rural children can be sold, thereby gaining ‘free’ migration to the great metropolises where they inject a certain freshness into jaded business cultures…
Gee Bill you are so stuck in your viewpoints that you just slide along the same old tracks each time there’s a suggestion. It limits our options on future moves when we can’t look at something from a different angle without bristling prejudices repelling new studies or ideas.
Na prism. I’m not that stuck in my viewpoints. Good luck in pigeon holing me if you have a mind to.
The point is that the guy blithely ignores any and all of the politics of enclosure and attempts to sell his shallow interpretation back to us as some natural phenomena of human ‘development’ and gain intellectual kudos in the process.
It’s bullshit.
The tax fiddle has not gone down well with Waikato Times readers, with only 12% saying they are better off. Could be an election issue, evidently.
Where are the government shills now, commenting that it’s all good and we have extra money in our pockets to offset the rise in GST?
Last night I was thinking Trevor’s suggestion of an early election was unlikely. This morning it seems more likely.
“John Key’s prediction that the recovery would be “reasonably aggressive” has backfired. National is starting to look like it does not have the answers. English’s talk of “rebalancing” may be sound economic theory. But the average punter has little interest in that. English is consequently sounding out of touch. National is starting to look very vulnerable.”
So says John Armstrong today. He sees a real chance for the Left.
http://www.nzherald.co.nz/opinion/news/article.cfm?c_id=466&objectid=10680890
Hmmm, you probably don’t need me pointing out the oxymoron in this sentence.
The Right have been very fond of focussing on an extremely narrow version of economics – high finance. All the talk about deficits, OCRs, inflation, yields, spreads etc. Dr Ganesh Nana said that this leads to ignoring discussing boring old *real* economics of which all that stuff forms only a part.
Boring things like people, skills, technology, experience, materials, means of production, buildings, water, power, environment etc.
And the Right is totally shite at talking about real economics and how to get it working for the people. All they can wax on about is their high finance theory which leads to their emphasis on how to game the system in favour of a few people, while leaving the rest behind and mystified.
Hence the point Armstrong makes.
Yesterday, Lord Christopher Monckton gave one of his always fascinating public interviews.
http://www.infowars.com/lord-monckton-shut-down-the-un-arrest-al-gore/
I ask each of you to watch this interview, or listen to the podcast which should be up later today.
This is simply one of the most important fact-based collection of statements from anyone in a position to know even a small part of what is being negotiated behind the closed doors of power
It is real. It is happening.
This affects you, your family, and all who are on this planet we call Earth.
Do not assume you already know what he says, watch the interview, then try to refute the facts
Everything that Monckton says has already been refuted. He’s lying and that’s the nicest thing I can say about him.
Pretty much what I think. I haven’t seen anything from him that has substance once you look at the sources. I’m came to the conclusion some time ago that he has a compulsion to misconstrue any actual data to fit his fantasies.
Climate Change speeding up: 20% more fresh water entering oceans compared with 10 years ago! The Obvious result is we’re getting more flooding round the World.
http://blogs.nationalgeographic.com/blogs/news/chiefeditor/2010/10/more-water-flooding-postel.html
See above!!! and John, next time, before you begin to post ridiculous statements please look at your source. Listening to climate change data from National Geographic is as sensible as letting starving wolves look after your newborn lambs.
Because NatGeo’s reputation simply can’t be compared to that of Lord Monckton, for sure. True fact.
When it comes to climate change data the National Geographic have repeatedly sung along to the status quo. A simple google search will show very clearly which side the National Geographic sits on this issue.
as an example, The National Geographic Society hosted the Washington premier of
An Inconvenient Truth
Yes, funnily enough, they side with science.
Hi freedom ” Using satellite observations, NASA and university researchers have found that rivers and melting ice sheets delivered 18 percent more water to the oceans in 2006 than in 1994.
The findings, which appear in this week’s Proceedings of the National Academy of Sciences, suggest that the volume of water running off the land toward the sea is expanding by the equivalent of roughly one Mississippi River each year. ” The source of these observations primarily NASA is reputable and credible.
The National Academy is also a highly reputable organisation:
The National Academy of Sciences (NAS) is an honorific society of distinguished scholars engaged in scientific and engineering research, dedicated to the furtherance of science and technology and to their use for the general welfare.
“The NAS was established by an Act of Congress that was signed by President Abraham Lincoln on March 3, 1863, at the height of the Civil War, which calls upon the NAS to “investigate, examine, experiment, and report upon any subject of science or art” whenever called upon to do so by any department of the government. Scientific issues would become more complex in the years following the war, and to expand the expertise available to it in its advisory service to the government, the NAS created the National Research Council under its charter in 1916. To keep pace with the growing roles that science and technology would play in public life, the National Academy of Engineering was established under the NAS charter in 1964, and the Institute of Medicine followed in 1970.”
These statements are obviously not ridiculous and as shown I viewed the source which you did not as you thought it was solely National Geographic! I should have said nearly 20% not 20%. NZ experience confirms the above: we are getting heavier rainfall and more floods!
i did read your source, in full.
the biggest problem with the wealth of misinformation that is climate change, are the vast amount or reputable agencies that are associated with the issue.
It is very difficult for most people to look past the previous good works of these organisations and see the contemporary fraud being perpetuated involving these bastions of science. Many of their own members are unaware of how widespread the manipulations are becoming
for the record: i get no satisfaction in making these accusations
For such a scam to have been successfully pulled off, you would need to gain the secret cooperation of tens of thousands of working researchers, in hundreds of different institutions, located in dozens of countries.
They would have to have secretly coordinated a highly complex false story, going back to at least the time of Arrehenius, carefully concocting false information about CO2 IR spectroscopy, and from the 1980’s onwards at least, gambled on the global temperature actually rising in order to give credence to this gigantic hoax.
Bear in mind that when they started out on this hoax there was no email, so they either had to have secret meetings with no notes taken, or destroyed every incriminating letter and document they sent to each other about this plan. And even in current times they have to have scrupulously destroyed the email trail detailing all the false data and false papers they were going to publish and how they were going to ensure that all these people were going to tell a consistent, coherent story….without anyone blabbing. Involving remember literally tens of thousands of scientists, across the globe.
Do you have the slightest scrap of hard evidence for this ‘fraud’?
yes it is called the 21st Century.
It is a world where they tell children hydrogen is running out, cars emit Co2 and dispersant soaked oil simply dissappears,
I sincerely hope you watch the video from Lord Monckton, contemplate the ramifications, and act. For if you are ever asked ‘What did you do to combat the destruction of democracy?’
you can at least say you were a willing volunteer and not a POW.
In other words, no, you don’t have the slightest scrap of evidence to support your delusions.
So if the threat is so dire freedom, what are you doing about it? Trolling the standard seems pretty lame.
I spend a hell of a lot less time here than you do Pascal, and anyway, what i contribute does not qualify as trolling in any way that i am familiar with the term.
Almost every single day of my life i engage at least one person in a direct and honest conversation about the world we know today. I ask a few simple questions and dependant upon the replies, I offer a few simple suggestions for topics the person may wish to investigate. I always respect their decision and if need be I try again at a later date.
Unlike many here, i have no political allegiance. I believe in a fair day’s pay for a fair day’s work, one man one vote and true justice and equality for all. It is that last part that suffers the most resistance. There are currently no political parties that i am aware of which follow these principles.
Now that you have finished laughing, think about why it so quickly becomes the point of ridicule in today’s world? Is it such a ludicrous unachievable dream that is beyond the skills and abilities of Homosapiens or is it that the majority of the Western world is so corrupt and blinded by greed that the benefits of a just and fair society are impossible for them to see clearly.
I earn below minimum wage, i give freely of my time when it is asked, i create Taonga when the oppotunity arises and build Art when inbetween engagements.
The rest of the time i am reading, studying, learning, gleaning data from as many sources as possible, thinking for myself, and generally just hassling the hind legs off anyone i can to get as many people as possible to consider waking up. Often i do not succeed. Unlike most of the vitriol i repeatedly encounter, i respect your right to disagree but will continue to combat your reasons why
Unlike most of the vitriol i repeatedly encounter
You encounter vitriol because you are repeating a dangerous lie. The truly sad part is that the lie was concocted (and there is clear evidence of this) and paid for by large corporate entities who have an obvious and undeniable commercial interest the oil, coal and heavy carbon use industries. If you are sincere you’ll find that evidence with a few minutes googling.
For all your fine intentions about ‘freedom’ you’ve been suckered into doing the work of your corporate overlords, whose only interest is maintaining the immense flow of profit their business makes. Moreover it’s obvious from what you are saying, you know almost nothing about the science involved. But as usual, it’s a case of the less you know, the more certain you are of it.
And you wonder why you get no respect.
I am well aware of the dangerous propoganda programmes run by the elite.
The battle being fought does not have only two sides, and definitely is being played on various stages. The knots history ties poeple into would last a thousand boyscouts a thousand years but does not change the core reality that we are all part of the solution as much as we are all part of the problem.
To finish,( and just for fun say it with a little Yoda inflection)
– Naive, i am not, hopefull will i eternally be –
Mate, you burst in telling everyone to go and read Monckton’s latest, (which is even more crazy than his usual). You assert that it is full of facts, that just can’t be beat, which have Implications! That freedom and democracy is at stake, and that we must Act! Now! You say that NatGeo shouldn’t be trusted and that the scientific institutions have all been corrupted by, err somebody or rather, while ignoring the fact that Monckton is being hosted by Alex fucking Jones. You say that if we ignore Monckton’s warnings, we will have to explain why we didn’t do anything about it when the darkness comes.
If you want to discuss some issue, like those things Monckton is talking about, why not just talk about them and present the argument, rather than demanding that everyone go watch it and then playing the wounded martyr about it when people respond in ways you don’t like.
That is what I meant by trolling.
What I meant by ‘what are you doing about it’ is this. If you really believe that democracy and freedom are under such a grave threat, and that there is a sinister cabal out there who want to murder millions of people, which is what Monckton claimed, then talking to random strangers about is a pathetic response. If I believed that, I’d be tooling up.
Monckton’s peace is drivel. Conspiracy headed nonsense about commun1sts coming to murder us in our beds and we must arrest Al Gore! and Disband the UN, (but keep some of it’s beaurocracy for some reason).
Unlike many here, i have no political allegiance. I believe in a fair day’s pay for a fair day’s work, one man one vote and true justice and equality for all. It is that last part that suffers the most resistance. There are currently no political parties that i am aware of which follow these principles.
Good for you. Honestly. But remember that there are genuine differences of opinion about what ‘justice and equality for all’ mean. Randians and Marxists both have their own interpretations of these concepts. It’s not that those concepts get resisted, only that your interpretation of them does. It’s no good patting yourself on the back about how accepting of others rights you are, and how everyone but you is asleep and in need of a wake up, when you frame your statements in a way that implies that only you care about justice and equality.
Desperate denialists are desperate. Having lost the science argument, they now go for “fear and loathing”.
Let’s clear some things up, I never suggested that i am the only one that is awake. I never stated i am the only one that cares about justice and equality.
I only have the right to speak for myself, how others see the world is for them to say, which is why communicating one on one with individuals is possibly the last valid and honest means of sharing information.
also since when does “I ask each of you to watch this interview” translate to “demanding that everyone go watch it ”
-just so you know, the cessation of replies is because i have to go to work now.
I gotta cook dinner but this won’t take a moment:
“I never suggested that i am the only one that is awake”
and generally just hassling the hind legs off anyone i can to get as many people as possible to consider waking up. Often i do not succeed.>
The clear implication is that the people you speak to are asleep and that if they disagree with you, it is a refusal to wake up. People that disagree with you are asleep.
“I never stated i am the only one that cares about justice and equality.”
one man one vote and true justice and equality for all. It is that last part that suffers the most resistance. There are currently no political parties that i am aware of which follow these principles.
since when does “I ask each of you to watch this interview” translate to “demanding that everyone go watch it ”
When you do it like this:
Do not assume you already know what he says, watch the interview, then try to refute the facts…
…See above!!! and John, next time, before you begin to post ridiculous statements please look at your source….
I sincerely hope you watch the video from Lord Monckton, contemplate the ramifications, and act. For if you are ever asked ‘What did you do to combat the destruction of democracy?’
you can at least say you were a willing volunteer and not a POW.
The impication is that you if you haven’t watched Monckton’s maunderings, you are complicit in err, genocide and the death of democracy, or something.
Lord Moncton has been so thoroughly debunked that it is one of the worlds mysteries that anyone considers him to have any credibility.
The triumph of wishful thinking over reality perhaps?
More likely confirmation bias. We choose to believe whichever “experts” agree with what we already believe.
When seen as as an applied dynamic of contemporary propoganda, I unreservedly agree with the above statement by Lats.
It is one of the principal weapons being used against the general population.
We each as individuals strive to overcome the natural tendencies of this dilemma and remain as clear and unbiased as possible. It is a daily encounter with assailants ambushing us wherever and whenever they can. There is no black and white, Yes or no, right or wrong, it has become a blood soaked quagmire so dense and heavy that to acknowledge it requires even more effort and energy in a day already overflowing with the stresses of family, work, and life in general.
There are many aspects of media consumption that are not fully understood by the Public (including myself) and it requires vigilance and honest reflection to overcome the remarkable influence of vested interests and the increasingly myopic attitudes in any ‘Official Story’.
This applies to devotees, detractors and deniers. It does not matter which side of the story you support, the same malady afflicts us all, no matter how resistant we like to think we are.
I gather the argument is about global warming/climate change (slow dial up means I avoid following links if I can) – colour me also a ‘denier’!
I gather that as a leftie (which I indubitably am) I gotta believe in human-made climate change, but sorry, I simply can’t and don’t – any more than I am a vegan! There is a limit to how conformist I am… OK, I see that confirmation bias may be part of my attitude, but if we plunge into another sodding ice age in 50 years, don’t say I didn’t (try to) warn ya! I won’t be here by then, thankfully…
The irony is that many extreme anti-warming measures will help the inevitable cooling along!
Five years (threnody for Arctic sea ice)
Just an interesting add to your post.
Whew! I guess it couldn’t really have been that big a deal if Stuff has the story filed under “entertainment”. Does that mean I can pour my left over weed spray down the drain?
As long as that’s the non-hazardous variety as used by the Orewa council, I can’t see why not, can you? Might even be able to raise a glass of the stuff to the withering weeds. Tastes ‘unusual’ apparently. A bit like its smell. Nothing a dash of tonic wont fix.
Labour’s new social policy. Vote winner or more nanny state?
Better the Nanny state than the party that wants to arm police against their own citizens.
As more people are laid off, beneficiaries are cut off, and their children taken by the state, they are going to need armed police.
Who’s “they”?
Them.
Better get me *two* guns, then.
Vote winner by me! 😀
Deb
SCF lingers on past Treasury’s expectations
Should be some insider trading convictions to come…………. 🙂
You would hope so but the equiry that is happening is 1) not a full enquiry and 2) it’s not a criminal one at all.
http://www.alternet.org/economy/148513/how_to_earn_$900,000_an_hour_while_unemployment_soars?utm_source=feedblitz&utm_medium=FeedBlitzRss&utm_campaign=alternet
http://www.alternet.org/news/148481/why_the_u.s._has_launched_a_new_financial_world_war_–_and_how_the_rest_of_the_world_will_fight_back_/?page=1
“Finance is the new form of warfare – without the expense of a military overhead and an occupation against unwilling hosts. It is a competition in credit creation to buy foreign resources, real estate, public and privatized infrastructure, bonds and corporate stock ownership. Who needs an army when you can obtain the usual objective (monetary wealth and asset appropriation) simply by financial means? All that is required is for central banks to accept dollar credit of depreciating international value in payment for local assets. Victory promises to go to whatever economy’s banking system can create the most credit, using an army of computer keyboards to appropriate the world’s resources. The key is to persuade foreign central banks to accept this electronic credit”.