tag:blogger.com,1999:blog-2761684730989137546.post6578436702486796873..comments2024-03-28T07:50:06.102-04:00Comments on Mike Norman Economics: Peter Radford — Human capital – The knowledge dimensionmike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger10125tag:blogger.com,1999:blog-2761684730989137546.post-72608290857725058492013-06-25T15:33:32.841-04:002013-06-25T15:33:32.841-04:00Mag,
They rip-off the true shareholders all of th...Mag,<br /><br />They rip-off the true shareholders all of the time....<br /><br />If they werent making bank in the mining business they would come up with back-dating stock options or some other scheme...<br /><br />I blame the institutional shareholders for just sitting there doing nothing about all of this...<br /><br />rspMatt Frankohttps://www.blogger.com/profile/11978352335097260145noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-21083365894679753322013-06-25T15:27:46.170-04:002013-06-25T15:27:46.170-04:00Radford often writes very well-thought pieces.
I&...Radford often writes very well-thought pieces.<br /><br />I'm not sure this is one of them.<br /><br />"First, the early 1980′s was also the onset of the single minded pursuit of shareholder value."<br /><br />Ask bank shareholders how's that working out for them.<br /><br />-----<br /><br />Here's a note published today in Australia's leading broadsheet:<br /><br /><br />"BHP chiefs cast aside wage restraint as pay shoots off the scale", by Peter Martin (SMH) June 26, 2013<br /><br />http://www.smh.com.au/business/bhp-chiefs-cast-aside-wage-restraint-as-pay-shoots-off-the-scale-20130625-2ov7w.html<br /><br />If you believe BHP-Billiton's CEO's marginal productivity rose in one decade as much as their pay, I have a bridge to sell to you.Magpiehttps://www.blogger.com/profile/07528637318288802178noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-77396875034972193672013-06-25T12:25:51.506-04:002013-06-25T12:25:51.506-04:00F,
Sounds like they were getting some good advice...F,<br /><br />Sounds like they were getting some good advice...<br /><br />Too bad it all went to shit anyways...<br /><br />rsp,Matt Frankohttps://www.blogger.com/profile/11978352335097260145noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-30540073871571199272013-06-25T09:56:53.095-04:002013-06-25T09:56:53.095-04:00Example of profit being good:
Thus says the Lord,...Example of profit being good:<br /><br /><i>Thus says the Lord, your Redeemer, the Holy One of Israel, “I am the Lord your God, who teaches you to profit, Who leads you in the way you should go.</i> Isaiah 48:17Anonymoushttps://www.blogger.com/profile/13859046687902645077noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-62144563268725784612013-06-25T09:18:38.640-04:002013-06-25T09:18:38.640-04:00And don't forget that good ole fiat could be u...And don't forget that good ole fiat could be used entirely for private debts too and would be if its value was not wasted by, say, propping up the counterfeiting cartel and having to ameliorate the damage it causes (unemployment, poverty, etc.) Of course the latter is not a waste but a great deal of it would not be necessary with ethical money creation.Anonymoushttps://www.blogger.com/profile/13859046687902645077noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-53540902334235333072013-06-25T09:08:10.941-04:002013-06-25T09:08:10.941-04:00Wages are earned profits. As for profits being goo...Wages are earned profits. As for profits being good but profit taking not being good:<br /><br /><a href="http://www.biblegateway.com/keyword/?search=profit&version1=NASB&searchtype=all&limit=none&wholewordsonly=no" rel="nofollow">Bible search for word "profit"</a><br /><br /><br /><i>In you they have taken bribes to shed blood; <b>you have taken interest and profits,</b> and you have injured your neighbors for gain by oppression, and you have forgotten Me,” declares the Lord God.</i> Ezekiel 22:12 [bold added]Anonymoushttps://www.blogger.com/profile/13859046687902645077noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-84565850373611692712013-06-25T08:58:37.026-04:002013-06-25T08:58:37.026-04:00Well, this bridge cost 5M shares of MacDonalds, 6M...<i>Well, this bridge cost 5M shares of MacDonalds, 6M shares of k-mart, and 8M shares of PF Changs China Bistro to build... while this other similar bridge cost 5M shares of Kentucky Fried Chicken, 6M shares of Target, and 8M shares of Buffalo Wild Wings to build... hmmmmm which bridge construction method was the more efficient????"<br /></i> Franko<br /><br />The bridge would be financed with FIAT only! Government must ONLY accept and use its own inexpensive fiat as money.Anonymoushttps://www.blogger.com/profile/13859046687902645077noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-52844805832845940522013-06-25T07:09:51.515-04:002013-06-25T07:09:51.515-04:00F,
" efficiency is good."
How do you m...F,<br /><br />" efficiency is good."<br /><br />How do you measure it?<br /><br />"Well, this bridge cost 5M shares of MacDonalds, 6M shares of k-mart, and 8M shares of PF Changs China Bistro to build... while this other similar bridge cost 5M shares of Kentucky Fried Chicken, 6M shares of Target, and 8M shares of Buffalo Wild Wings to build... hmmmmm which bridge construction method was the more efficient????"<br /><br />"In the Bible, profits are good but profit taking isn't! "<br /><br />Where are you getting that?<br /><br />"Or what woman having ten drachmas, if she should ever be losing one drachma, is not lighting a lamp and sweeping the house and seeking carefully till she may be finding it?<br />9 And, finding it, she is calling together the friends and the neighbors, saying 'Rejoice together with me that I found the drachma which I lose!'"<br /><br />This is "in the Bible" and this woman's household has "taken profits" of at least 10 drachmas obviously....<br /><br />rsp,Matt Frankohttps://www.blogger.com/profile/11978352335097260145noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-73988308278087722022013-06-24T21:33:57.556-04:002013-06-24T21:33:57.556-04:00"but rather it is the current business model ...<i>"but rather it is the current business model based on efficiency that is resulting in social unrest and a call for greater social democracy to deal with the effects of inequality"</i><br /><br />No, efficiency is good. But what is bad is that productivity gains are not justly "shared" with the workers as they would be except for the existence of the government-backed "credit" cartel.Anonymoushttps://www.blogger.com/profile/13859046687902645077noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-4658890119363094092013-06-24T20:50:18.361-04:002013-06-24T20:50:18.361-04:00"...the cause of our diminished future reside...<i>"...the cause of our diminished future resides in the private sector’s single minded pursuit of profit being extracted..."</i><br /><br />In the Bible, profits are good but profit <i>taking</i> isn't! So how does one have profits without profit taking? Usury is ruled out immediately and so are stock dividends but the use of common stock as money itself is not since the profits accrue in the value of the stock.<br /><br />Anonymoushttps://www.blogger.com/profile/13859046687902645077noreply@blogger.com