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Drunken Mastah
from OPPERKLASSESVIN!!! (Norway) on 2005-11-10 10:43 [#01774707]
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ok, I'm no economist or anything like that, but (or therefore).. I can't see the point in stock-exchanges.. what are they for? are they even necessary?
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tolstoyed
from the ocean on 2005-11-10 10:44 [#01774712]
Points: 50073 Status: Moderator
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HHAHAHA..everyone's got to do something innit.
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euphonicfilter
from illadelphia (United States) on 2005-11-10 11:08 [#01774743]
Points: 2443 Status: Addict
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yes its necessary !
do you wanna know about ours?
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mimi
on 2005-11-10 11:12 [#01774747]
Points: 5721 Status: Regular
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to exchange stock!!!!!!
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euphonicfilter
from illadelphia (United States) on 2005-11-10 11:24 [#01774754]
Points: 2443 Status: Addict
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it's the "global marketplace"
where you purchase everything, but not a physical good, the rights to a portion of said physical good, OR to a companies operation
boyeeeeeeeeeee
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010101
from Vancouver (Canada) on 2005-11-10 11:28 [#01774759]
Points: 7669 Status: Regular
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It serves to allow companies to liquidate assets without dismantling the infastructure.
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big
from lsg on 2005-11-10 11:38 [#01774765]
Points: 23729 Status: Lurker | Show recordbag
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it's to keep the rich wealthy so to devide the poor and rich more :)
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euphonicfilter
from illadelphia (United States) on 2005-11-10 11:40 [#01774766]
Points: 2443 Status: Addict
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the poor can use the stock exchange too
though most dont know enough about it and therefore dont partake
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Drunken Mastah
from OPPERKLASSESVIN!!! (Norway) on 2005-11-10 12:37 [#01774797]
Points: 35867 Status: Lurker | Followup to euphonicfilter: #01774754 | Show recordbag
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yeah, but.. that doesn't make it necessary.. it's a "made-up" thing and all the people earning money off it are.. well, they are the only ones who are truly "making money," aren't they?
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euphonicfilter
from illadelphia (United States) on 2005-11-10 13:23 [#01774818]
Points: 2443 Status: Addict
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no
many companies offer stock as a counter to raises...if you work for a company that is consistently doing well you stand to make a LOT more money this way then if you just take a salary increase - this is why the enron scandle hurt so many people - they had GREAT company stock options, tons of employees took them, instead of a raise, and they yanked the carpet out from under them
think of it like this
they offer you $1 more an hour over a year (this is hypothetical and way off, but its a rough idea)
$1 x 80hours a per paycheck
x 24 paychecks a year
1x80x24 = 1920 a year raise
but they may give you a stock option instead, if the stock is doing well there is almost no limit to what you could make
plus - share-holders (stock shares) have a say in how the company is run, the ethics, politics, etc etc - its more than just money...its part of the company...legally
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Drunken Mastah
from OPPERKLASSESVIN!!! (Norway) on 2005-11-10 13:26 [#01774820]
Points: 35867 Status: Lurker | Followup to euphonicfilter: #01774818 | Show recordbag
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well.. that's still just made up.. they could just give larger raises then, and with stocks the money don't really exist, nor is the value a set thing, so getting stocks instead of a raise.. well.. as you said, with enron, people lost money.. money that never existed...
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epohs
from )C: on 2005-11-10 13:27 [#01774821]
Points: 17620 Status: Lurker
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it gives dudes in expensive suits and pea coats a place to get in out of the rain and relieve some tension by yelling at scrolling marqee signs.
duh..
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Drunken Mastah
from OPPERKLASSESVIN!!! (Norway) on 2005-11-10 13:28 [#01774823]
Points: 35867 Status: Lurker | Followup to epohs: #01774821 | Show recordbag
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aaahhh.. yes, that makes sense... I wouldn't want them yelling at my marquee sign, at least...
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evolume
from seattle (United States) on 2005-11-10 13:29 [#01774824]
Points: 10965 Status: Regular | Followup to Drunken Mastah: #01774820
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no, it exists. the value of the stock is a reflection of the value of the company which is based on real things like, assets, growth, profits. it's not just arbitrary.
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euphonicfilter
from illadelphia (United States) on 2005-11-10 13:31 [#01774825]
Points: 2443 Status: Addict
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owning stock is OWNING PART OF THE FUCKING COMPANY
last time i say that
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hanal
from k_maty only (United Kingdom) on 2005-11-10 13:31 [#01774826]
Points: 13379 Status: Lurker | Show recordbag
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DUCK ROCK.
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Drunken Mastah
from OPPERKLASSESVIN!!! (Norway) on 2005-11-10 13:33 [#01774829]
Points: 35867 Status: Lurker | Followup to hanal: #01774826 | Show recordbag
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HAHAHAHAH!
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Drunken Mastah
from OPPERKLASSESVIN!!! (Norway) on 2005-11-10 13:35 [#01774832]
Points: 35867 Status: Lurker | Followup to evolume: #01774824 | Show recordbag
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well, yes, I understand that, but.. it isn't really necessary, is it? it's an entire fucking industry based on just exchanging stock... there are even stock companies where people can own stock in them... it's totally completely crazy, obsolete and silly.
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redrum
from the allman brothers band (Ireland) on 2005-11-10 13:35 [#01774834]
Points: 12878 Status: Addict
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KAPITALISMUS
+ many lolz @ hanal, falafel style
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ToXikFB
on 2005-11-10 13:36 [#01774836]
Points: 4414 Status: Lurker | Followup to hanal: #01774826
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BAHAHAHAH!!!!
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euphonicfilter
from illadelphia (United States) on 2005-11-10 13:36 [#01774837]
Points: 2443 Status: Addict
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you as an outsider could buy stock in the company i work for and thus control our operations...
thats useless?
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oyvinto
on 2005-11-10 13:46 [#01774846]
Points: 8197 Status: Lurker | Show recordbag
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communists!
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euphonicfilter
from illadelphia (United States) on 2005-11-10 13:47 [#01774852]
Points: 2443 Status: Addict
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communism is the perfect idea - though itll never work
especially with americans on the planet...those fucks
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010101
from Vancouver (Canada) on 2005-11-10 13:49 [#01774854]
Points: 7669 Status: Regular | Followup to euphonicfilter: #01774852
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It's working in China
America $66billion deficit Vs. China none $12billion in their favor
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oyvinto
on 2005-11-10 13:58 [#01774860]
Points: 8197 Status: Lurker | Show recordbag
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true.. that's why china is so dangerous now. combining the communism with the capitalism. they will take over the world. omg suyftdyt
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evolume
from seattle (United States) on 2005-11-10 13:59 [#01774861]
Points: 10965 Status: Regular | Followup to Drunken Mastah: #01774832
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the market creates a stimulus for companies to grow and be successful. they are required to do so or else people will not invest in them, and the company will have less money to grow, then people will invest less, the company will have less money, less growth, less investors... etc etc.. downward spiral, company dies. In fact, a company is required by law to do everything in it's power to appease the stockholders who have a legal right to protect their investment.
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oyvinto
on 2005-11-10 14:00 [#01774862]
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btw, why are there no chinese around here? is it because they only have china intranet? do they listen to "idm" in china? any chinese "idm" artists? very small people.
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Drunken Mastah
from OPPERKLASSESVIN!!! (Norway) on 2005-11-10 14:06 [#01774870]
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oh, I'm by no means a communist. I don't believe in it, but capitalism is worse, as it is actually in effect while being an equally stupid system.
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Drunken Mastah
from OPPERKLASSESVIN!!! (Norway) on 2005-11-10 14:07 [#01774874]
Points: 35867 Status: Lurker | Followup to Drunken Mastah: #01774870 | Show recordbag
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that should read: I'm by no means a communist, I'm just drunk. I don't believe in it, but capitalism is worse, as it is actually in effect while being an equally stupid system.
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euphonicfilter
from illadelphia (United States) on 2005-11-10 14:10 [#01774877]
Points: 2443 Status: Addict
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you could do well with a combination though in communism you cant have to blind obedience to or strive for the dollar which you have in capitalism - it just SEEMS (im not sure as it has never really worked) that life, as a whole, would be better for everyone - instead of some people living too well and others not living well enough
capitalism is supposed to promote this by offering the hopes of getting to an upper class, but socially you cant have everyone in the upper class...its impossible
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evolume
from seattle (United States) on 2005-11-10 14:44 [#01774898]
Points: 10965 Status: Regular | Followup to euphonicfilter: #01774877
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capitalism can even be implemented to do good, for people or the environment. For example, companies trade pollution credits which regulate how much they can pollute the air.
so capitalism itself isn't necessarily bad, it's the way it is practiced that is flawed.
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swears
from junk sleep on 2005-11-10 15:15 [#01774923]
Points: 6474 Status: Lurker | Followup to evolume: #01774898
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Capitalism is by far the superior system. Communism is handing control over everything to the state, (while they pretend it's for the workers) there is no competion, no incentive to try harder at anything. The only reason China's economy is growing is because they have allowed private companies to operate alongside the state. They are not really a communist country. (True communism has never existed anywhere anyway). America has become the most powerful country in the world and outlived the USSR due to capitalism.
Yes, there are a lot of shitty exploitative companies out there, but they're nothing compared to the evil things goverments do. Nike might make people work for 25 cents a day, but they don't shoot people for wearing glasses.
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Drunken Mastah
from OPPERKLASSESVIN!!! (Norway) on 2005-11-10 15:19 [#01774924]
Points: 35867 Status: Lurker | Followup to swears: #01774923 | Show recordbag
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capitalism is only for stupid people.
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swears
from junk sleep on 2005-11-10 15:21 [#01774926]
Points: 6474 Status: Lurker | Followup to Drunken Mastah: #01774924
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Really. Surely having the government control every aspect of your life, and not having the right to set up your own business if you so wish is for stupid people?
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Drunken Mastah
from OPPERKLASSESVIN!!! (Norway) on 2005-11-10 15:23 [#01774929]
Points: 35867 Status: Lurker | Followup to swears: #01774926 | Show recordbag
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neither system is great, but of communism and capitalism, communism is superior. they're both stupid, though.
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swears
from junk sleep on 2005-11-10 15:27 [#01774933]
Points: 6474 Status: Lurker | Followup to Drunken Mastah: #01774929
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Saying that these systems are "stupid" is reductive and doesn't really mean anything. You're basically looking at either having the state manufacture everything in an inefficient manner, or allowing people to engage in free enterprise and do as they please.
You can only have one or the other or a mixture of the two.
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Drunken Mastah
from OPPERKLASSESVIN!!! (Norway) on 2005-11-10 15:35 [#01774945]
Points: 35867 Status: Lurker | Followup to swears: #01774933 | Show recordbag
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it means quite a bit, my dear sir; it means that I feel that both system are inadequate, and that I still don't really have an alternative of my own.. I'm no fucking political/economic genious, but it doesn't take much to see what's wrong with either system.
inventing the alternative, however, I leave up to someone else, and I don't see no wrong in just pointing out an error...
oh, and.. just using negative and positive words to describe either system isn't going to have any impact on the way the systems work... you're talking about inefficient and "engage in free enterprise," but that's just your own EXTREMELY biased way of seeing it, you silly bee.
also, stating that it's a case of "EITHER YOU DO 1 OR YOU DO 2" is the silliest thing ever. that's the same as saying there are no alternatives; everything is black or white.. ther are probably 100000000090009900908908253098720987532082953098432 more alternatives, we just don't know them yet.
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swears
from junk sleep on 2005-11-11 10:12 [#01775541]
Points: 6474 Status: Lurker | Followup to Drunken Mastah: #01774945
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Every society that has ever existed in the history of mankind has either been trun by the church/state or had some form of free enterprise (even if it was swapping a goat for some fish). Or a combination of either.
If you invented a new system that replaced capitalism it would be inherently communist because you would have abolished money. And if you had some sort of system where we had no state, it would be in some sense, inherently capitalist and libertarian.
These 100000000090009900908908253098720987532082953098432 "alternatives" you speak about would either involve the state or private property.
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Drunken Mastah
from OPPERKLASSESVIN!!! (Norway) on 2005-11-11 11:04 [#01775595]
Points: 35867 Status: Lurker | Followup to swears: #01775541 | Show recordbag
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1: what does "trun" mean? I can't find it in any dictionary, but I'll assume you're using it as something like "ruled".
2: the protestant church is the birthplace of capitalism, but you seem to be setting these two up as opposites.
3: you're making a false assumption again. just because we don't know of any other systems, doesn't mean we can't have one that's not either of the two we know of, and even if the 100000000090009900908908253098720987532082953098432 alternatives involve state or private property, that doesn't mean they can't be completely different from the ones we know about.
wake up.
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uviol
from United States on 2005-11-11 17:18 [#01775971]
Points: 2496 Status: Lurker | Followup to Drunken Mastah: #01775595
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He's saying that the 100000000090009900908908253098720987532082953098432 alternatives would be variations on the themes of state or private property. It's unlikely that we'll wake up one day and value animal rights, for example, above all else and base our systems around that. I don't think he's saying it couldn't happen, but simply acknowledging the lack of historical precedent for these systems.
I'm not taking sides by the way. I sure as hell am unqualified as anyone to pontificate about political ideology.
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Drunken Mastah
from OPPERKLASSESVIN!!! (Norway) on 2005-11-11 17:27 [#01775975]
Points: 35867 Status: Lurker | Followup to uviol: #01775971 | Show recordbag
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yeah, I know what he's saying, and I'm saying that he's wrong; just because we can't see the systems now, doesn't mean they aren't there... can you imagine how it is to not have "time?" no, but that doesn't mean there aren't people who don't understand or percieve time.
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uviol
from United States on 2005-11-11 17:35 [#01775980]
Points: 2496 Status: Lurker | Followup to Drunken Mastah: #01775975
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I realize that.. I know that the fish is the last one to discover the existence of water, etc. That's why I said:
I don't think he's saying it couldn't happen, but simply acknowledging the lack of
historical precedent for these systems.
I don't think anybody's disagreeing here, I think you have a valid point.
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Drunken Mastah
from OPPERKLASSESVIN!!! (Norway) on 2005-11-11 17:49 [#01775986]
Points: 35867 Status: Lurker | Followup to uviol: #01775980 | Show recordbag
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ah, I misunderstood you then. sorry.
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obara
from Utrecht on 2005-11-11 18:31 [#01776005]
Points: 19377 Status: Regular
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what's the use of a d***, when you can't *** in somebody's ***.
sorry.
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Drunken Mastah
from OPPERKLASSESVIN!!! (Norway) on 2005-11-11 18:46 [#01776013]
Points: 35867 Status: Lurker | Followup to obara: #01776005 | Show recordbag
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I don't know, but it's awesome!
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axion
from planet rock (Sweden) on 2005-11-11 18:50 [#01776014]
Points: 3114 Status: Addict
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to count the money in your bank in switzerland
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Drunken Mastah
from OPPERKLASSESVIN!!! (Norway) on 2005-11-11 19:06 [#01776019]
Points: 35867 Status: Lurker | Show recordbag
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to count the rabbits in the fields
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Drunken Mastah
from OPPERKLASSESVIN!!! (Norway) on 2005-11-11 19:08 [#01776020]
Points: 35867 Status: Lurker | Show recordbag
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to open the vulva and plant seeds
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Drunken Mastah
from OPPERKLASSESVIN!!! (Norway) on 2005-11-11 19:08 [#01776021]
Points: 35867 Status: Lurker | Show recordbag
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to bring the nobleman to his knees
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Drunken Mastah
from OPPERKLASSESVIN!!! (Norway) on 2005-11-11 19:08 [#01776022]
Points: 35867 Status: Lurker | Show recordbag
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to lurk on the corners in the bright morning
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