OT: Current Affairs and Politics

[I'm a loser baby...]

This is all true.

But it doesn't disprove, or even really present an argument against the post which you quote.

Yours or Gronk's?

 

[I'm a loser baby...]

I don't think that money and power are the same thing but I do agree that money does help somewhat.

Somewhat? There's about 10 families in the world that own about 90% of the wealth. It doesn't need to be some super complicated conspiracy, it's just that people choose having an income do they can feed their kids.

 

[hindy111]

Money is power. And we have possibly the most inequitable period in history in terms of wealth.

I know all about this. I may not of mentioned but I'm a powerful millionaire.

 

[Bandwagon]

Yours or Gronk's?

Oh, sorry, I could 've been clearer there, defs mine.

Gronk can argue his own posts.

 

[Gary Gutful]

Somewhat? There's about 10 families in the world that own about 90% of the wealth. It doesn't need to be some super complicated conspiracy, it's just that people choose having an income do they can feed their kids.

Are those 10 families the 10 most powerful merkins in the world?

 

[Gary Gutful]

I know all about this. I may not of mentioned but I'm a powerful millionaire.

According to IALB, thats a tautology.

 

[Bandwagon]

Are those 10 families the 10 most powerful merkins in the world?

Is the premise even true?

I'd say not.

However I'd also say that's more a commentary on old money, which is intrinsically tied to power, so self fulfilling.

 

[hindy111]

Are those 10 families the 10 most powerful merkins in the world?

Is Hulk Hogan still alive? If so he gets my vote in the top 10

 

[Gary Gutful]

Is the premise even true?

I'd say not.

However I'd also say that's more a commentary on old money, which is intrinsically tied to power, so self fulfilling.

How much do touch judges and refs get paid? Those merkins have way too much power.

 

[I'm a loser baby...]

Oh, sorry, I could 've been clearer there, defs mine.

Gronk can argue his own posts.

It does because corruption is real. Money finds a way. Formal titles, rules, stratus, separation of powers, whatever, it all succumbs to the human instinct.

 

[I'm a loser baby...]

Are those 10 families the 10 most powerful merkins in the world?

Yes

 

[I'm a loser baby...]

Is the premise even true?

I'd say not.

However I'd also say that's more a commentary on old money, which is intrinsically tied to power, so self fulfilling.

BlackRock and Vanguard have an extraordinary level of power. So who owns them? All these companies people think are competitors are owned by the same people.

 

[Bandwagon]

BlackRock and Vanguard have an extraordinary level of power. So who owns them? All these companies people think are competitors are owned by the same people.

Blackrock is a public company, so it's
owned by it's shareholders.

Vanguard's structure is a little more opaque because it is owned by it's investors.

Tbh you'd be very hard pressed to even come close to your claim of 10 or so families owning 90% of all wealth.

And upstarts like BlackRock with a market cap of around 86 billion wouldn't be where you find it, sure they have a huge amount of investment under management, but that doesn't mean they own ( so ultimately control ) that wealth.

 

[I'm a loser baby...]

Blackrock is a public company, so it's
owned by it's shareholders.

Vanguard's structure is a little more opaque because it is owned by it's investors.

Tbh you'd be very hard pressed to even come close to your claim of 10 or so families owning 90% of all wealth.

And upstarts like BlackRock with a market cap of around 86 billion wouldn't be where you find it, sure they have a huge amount of investment under management, but that doesn't mean they own ( so ultimately control ) that wealth.

I think you need to let go of some of the things you thought were true.

 

[Bandwagon]

I think you need to let go of some of the things you thought were true.

No, I don't think I do.

I mean I'd reconsider if you could be bothered coming up with a factual rebuttal, or at least an analysis that extended beyond the equivalent of but but but you're wrong.

But that does appear to be happening.

 

[Bandwagon]

The thing is mate I agree that wealth is far to concentrated, but where I disagree is that the level is anywhere near what you claim, it's far more dispersed and there are plenty of competing interests.

 

[I'm a loser baby...]

No, I don't think I do.

I mean I'd reconsider if you could be bothered coming up with a factual rebuttal, or at least an analysis that extended beyond the equivalent of but but but you're wrong.

But that does appear to be happening.

No. I've tried to help but you like what you like. The aches and pains will do my job.

 

[I'm a loser baby...]

The thing is mate I agree that wealth is far to concentrated, but where I disagree is that the level is anywhere near what you claim, it's far more dispersed and there are plenty of competing interests.

It just isn't that dispersed. Just isn't..

 

[Bandwagon]

No. I've tried to help but you like what you like. The aches and pains will do my job.

Man, I really don't need your "help".

But I'm fine with shooting the shit.

 

[I'm a loser baby...]

Man, I really don't need your "help".

But I'm fine with shooting the shit.

I'm not trying to profit here. If I tell you to do something it's because I believe it will help you. And I pay far more attention to this stuff than you or any other other merkin.