He’d be all SJW talking points until that dividend arrives. Then it’d be “Hey, you mean the public gets a cut of the profits? Capitalism Rocks!”.
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At least the college know-it-all understands the terms he’s using.
Mmmm, debatable…
The guy created a thread asking about investing in real-estate on this very site. He’s a joke, man. All talk and full of shit.
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Maybe not some sociology grads. I dunno. Most people in my part of the world take economics for their GCE A Levels.
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That’s probably because people in your neck of the woods don’t waste $60k on degrees in finger-painting. Not so in the Good ol US of A…
Look at the date on that! Probably lost his ass and then some.
Thats back when massive debt was a status symbol!
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I’d wager it’s why he hates capitalism so much.
*That actually makes perfect sense. He wanted to build wealth for retirement, boom crash, he lost his ass, now it’s cradle to grave entitlements.
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The British education system is mostly used here so most students need to take 2 years of economics before entry into universities unless they enter the equivalent of a Trade School.
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That’s actually pretty cool. That’s not a thing here. I didn’t take an econ class until college and even then I only took them because of my major. Anyone outside of a business major/minor didn’t have an econ requirement (as far as I know), at least where I went, but I bet that’s pretty standard practice.
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Yeah but I wouldn’t call it better or worse since the US excels in many things that don’t require econs classes like branding, advertising(oh you evil bastards), all sorts of multimedia and creatives, computer coding stuff etc.
It’s fortunate that due to the evils of Capitalism, there are lots of private institutions popping up here offering accredited pre-university courses and degrees for students more inclined towards other areas who probably wouldn’t have been able to qualify for traditional universities due to poor grades in certain mandatory subjects.
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What? Our resident socialist was once(or intended to be) an absentee landlord?
P…P…P…Private property???
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And you do?
Small businesses out number large businesses by far.
It’s not that they can’t be successful but that they are more successful.
What is done and how profits are produced is critically important. For YOU not to recognize this shows your level of misunderstanding. Mostly brought on by brainwashing propaganda by those who seek to make money off of your ignorance and keeping you in the dark.
Your “proof” is the level of proof required on a 3rd graders book report. For those of us that understand the complexities of analysis, using the success rate of 150 co-ops over 10 years to say they’re more successful than “private” businesses is laughably absurd.
One vote for every share. So if you own 100,000 shares vs. 10,000 you have far more voting power. Not the way most Co-Ops are structured. And for you not to know this is tantamount to extreme ignorance.
Why is that a bad thing?
Why should a person who is less invested in a business have the same say in how it’s run as someone more invested in the business?
Why should the janitor have the same say in how the business is run as the COO?
True. However, using this thread as a prime example, requiring some additional econ classes couldn’t possible hurt us…
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I love this by the way…
From your Wikipedia:
Chalk this up to another thing you shouldn’t talk about as your clueless.
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But run very differently. A concept that you choose not to understand as it doesn’t jive with your dogma.
Happens all the time and it is how American politics are run.
Just more evidence of corporate propaganda.
Is this justification of the amount of military spending?
What about more efficient admin. costs?
This overwhelming belief among hospital CEO’s that single-payer would reduce their revenue is what makes single-payer so politically difficult.
But I suppose letting people die and sometimes forcing those who have health insurance to go bankrupt is more ideal and ethical.
Really?
But, you consistently back businesses that do this very thing without raising a critical viewpoint. Then you simultaneously complain that it’s causing rising healthcare costs. So you are like a talking contradiction.
Nice dodge.
Quite a lot. I run an SME.
Correct. Similar to my example. All companies with shares and with the objective of profit maximization. All “capitalist”.
I am not going to be sucked into this part of the argument. I support co-ops. That’s all I’m going to say pertaining to this subject.
What do you mean by “how profits are produced”. Can you describe what is in your head pertaining to profit and loss?
I am earning almost 100 times what I would be earning if I had stayed in the 3rd world controlled by Big Government and entertaining socialist fantasies of disgruntled peers. Have you not wondered how a 38 year old man of Chinese ethnicity living in Asia is actually communicating with you in proper English? I am also running an actual business across two countries. What I have written is based on practical experience, formal and informal education.
You are not even educated in the basic concepts of the topics brought up here. What you are parroting are the opinions of others which are based on said basic concepts. If you have no understanding of these basics, you have neither the ability to challenge nor valididate the authenticity of these opinions you are parroting. This is the very definition of being a sheep.
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