Stock Market update: Everybody panic!

[Politenessman]

Originally Posted by mapuc

Thank you for your answer

Profiting-Same here-these laws shall be made to prevent these people to profiting on other people-Don't know how to explain it.

Let me give an example instead.

A company hire some foreigner to work in their factory-they get just barely enough so they have food for the day and they have to live together many in a small apartment ´cause they wouldn't have enough to pay a rent by them self. The different, between the salary and the price the company takes for its product-the company owner take for them self.

That is profiting on other people or some of it-there are many ways to do so.

Markus

The problem with your idea Markus (as I understand it), is that it gives the company owner no incentive to own and operate a company, he is better off spending all his money on himself and creating few jobs in doing so.

The only thing worse than capitalism is everything else.

[Onkel Neal]

I honestly believe that it should be a persons right to live where he or she wants to, so if someone wants to stay near the place of their birth or near their parents they should be able to do so.

Here we go, more rights


Yeah, sorry, I tend to get preachy. Still, I was there in 1980, not sure about Reality Trak. Somehow, it can be done.

[Oberon]

Originally Posted by Neal Stevens

Here we go, more rights


Yeah, sorry, I tend to get preachy. Still, I was there in 1980, not sure about Reality Trak. Somehow, it can be done.

Don't get me started on the right to arm bears.

It can be done, but like with many things, it's getting harder and more expensive for our youth. That's a troubling legacy I think.

[Onkel Neal]

Well, everyone thinks life is hard. I remember my grandpa telling me about scrounging for firewood, and my father and his siblings did not know what a restaurant meal was until he was 17. Let me ask you this: do you think the current generation is as capable as previous? These days a hardship is slow internet.

[Oberon]

Originally Posted by Neal Stevens

Well, everyone thinks life is hard. I remember my grandpa telling me about scrounging for firewood, and my father and his siblings did not know what a restaurant meal was until he was 17. Let me ask you this: do you think the current generation is as capable as previous? These days a hardship is slow internet.

Well, everyone has definitions of what hard is, really, don't they? But let's just say that I hold no expectations of long term survival for many people in the western world should something like an EMP occur.
We're all hooked into the wired world these days anyway, and thoroughly dependant on electricity for our survival, remove that and we're royally screwed.
Again though, you've got to be careful not to generalise, I know it's so very very easy and much more convienent to do so, but in doing so it tends to project biased opinions of vast demographics based upon a narrow selection.
There are just as many people, younger than me, who would be able to cope with a disastrous scenario better than many who are your age and older. To question the capability of the current generation, don't forget, is to also question the capability of the men and women of the current generation who have gone into Iraq and Afghanistan and come back. I would be loathe to question their capabilities to their face, lest I get a first hand demonstration to my deficit.

[Onkel Neal]

Wait, I'm not talking about war or disaster

[Oberon]

Originally Posted by Neal Stevens

Wait, I'm not talking about war or disaster

Well, in that case to come back to:

do you think the current generation is as capable as previous?

Then the answer has to be yes, but in different things because we live in a world which has changed radically between generations so that the strengths of one generation do not necessarily dictate the strengths of the next.

[Onkel Neal]

Originally Posted by Neal Stevens

I'm hoping for a few more corrections. I just sold my Pearland house, would love a buying bargain in the next three months.

Originally Posted by Oberon

It's rare the bloody things come down, isn't it? Good if you're selling but trying to get back into the market at a decent level for the money...
Prices in the UK are getting a bit ridiculous now, pricing a lot of people out of the market, one would hope that this would bring them down but what happens

In reviewing this thread, I see I didn't explain, I was Looking for a buying bargain in the market, not real estate. I got my buying bargain with the q1 correction.

[mapuc]

Originally Posted by Politenessman

The problem with your idea Markus (as I understand it), is that it gives the company owner no incentive to own and operate a company, he is better off spending all his money on himself and creating few jobs in doing so.

The only thing worse than capitalism is everything else.

I guess you're right.

Let me take an example from Denmark and peoples medicine or the need for it.

In the latest economical issue between the state and the community, the state couldn't give the community extra money, due to this many hospital has to cut down on workers, why ?

Profit hunters-that's why-
The medicine that is made cost maybe a little more than last year, but there are those, without guilt, who would not hesitate to sell their own children for money or in this case earn big profit on sick people.

It was them I was thinking about when writing my post.

Markus

[Politenessman]

Originally Posted by mapuc

I guess you're right.

Let me take an example from Denmark and peoples medicine or the need for it.

In the latest economical issue between the state and the community, the state couldn't give the community extra money, due to this many hospital has to cut down on workers, why ?

Profit hunters-that's why-
The medicine that is made cost maybe a little more than last year, but there are those, without guilt, who would not hesitate to sell their own children for money or in this case earn big profit on sick people.

It was them I was thinking about when writing my post.

Markus

I have to disagree with you Markus, many of us and many of our relatives are alive right now because making medicine is profitable, if it wasn't nobody would do it.

It is a very expensive process and very risky - lots of drugs get refused approval to go to market and the money spent on them is largely wasted (there are very few profitable "secondary uses" like Viagra, which was meant to be a heart drug for the elderly), so to stay in business drug companies must make a decent profit on the drugs that they can sell.

On an individual level, would you rent your house out for a trivial return, just so someone can have a roof over their head? remember you have hundreds of thousands of dollars tied up in the asset, various ongoing costs related to it and massive liability issues if the house falls down and injures someone.
So of course you want a return that justifies the investment and the risk.

The drug companies spend billions on research, another company could get to market at any time with a better or even just a cheaper product and make it valueless, a regulator could, for good or spurious reasons, deny the ability to sell it on any one of a number of grounds, if it gets to market there are any number of potential liability issues - it could have an adverse effect when combined with another drug or even with something as normal as grapefruit juice and there is the fear of the disaster scenario like thalidomide.
So of course the drug companies want a return that justifies the investment and the risk.

If you are religious thank your god for the profit motive.