Posts Tagged ‘International Capitalism’
Greedy Financial Managers say: “Blame it on greedy human nature”
Posted by: adonis49 on: November 26, 2010
Greedy Financial Managers say: “Blame it on greedy human nature”
The verdict of the greedy financial managers and analysts in this international financial crisis is: ” the culprit is a non-entity: It is human risk-taking nature, driven by greed for the enjoyment of the present moment.”
The convenient scapegoat is this mythical concept of human risk-taking attitudes.
Almost all financial managers would like to blame the greedy short-timer shareholders for the successive financial crisis. They say: “The young financial operators have never witnessed but bull market trends and they had no memory of financial crisis. The young financial operators grabbed the risk-taking attitudes of clients and ran with it.”
1. The financial managers say: “Give a child a piece of candy and promise him another candy if he waits ten minutes until you come back: Very few children will not eat the candy immediately, instead of two shortly later.”
2. They say: “The weight that people give to the present satisfaction far outweigh logical reasoning of good profits and advantages a year later.
Reason says: “In time of great uncertainty the best recourse is thinking on ways to cope with its consequences.” The reality of human nature says: “In time of great instability, the past is gone and the future is uncertain; thus, let us enjoy the moment; we have one life to live.”
3. The greedy financial managers and analysts say: “People learned to save their liquid money in banks: Any money in the pocket is spent readily. Consumerism culture resorted to the devilish credit card mechanism to trap and sap human saving good intentions.”
4. They say: “It is a disorienting characteristic of human temperament that, knowing full-well the ultimate disaster of their actions (investing for short-term benefits), we keep believing that we are immune to bad results and that we are of the lucky-types to having the intuition of jumping ship at the nick of time.”
5. They say: “A father or head of a family feels that he is better off retaining a few debts so that he is forced to staying alert to snatching opportunities. The father or mother prefers to be indebted and feeling permanently threatened with financial instability in order to be on his toes and keep going day-in day-out.”
6. They say: “Financial managers and operators learned to take the money quickly and run with it and not looking back: As the crisis arrives and the shit hits the fan they are no longer in the job and they working somewhere else.”
7. They say: “All regulations and restrictions on new shares offered to managers of enterprises were dropped in most companies. Instead, managers were encouraged to speculate immediately with their shares in order to keep the managers constantly on the lookout for short-term profits to the enterprise.”
It is true that there are financial risk-takers and they are a minority category of people.
It is true that many are willing to risk their lives on dangerous adventures not related to money.
It is true there are a few cultures that train their people on risk-taking games not necessarily waging real money. Fact is, financial managers are no kids or inexperienced on inevitable financial crisis and their symptoms (steady bull market for successive long years).
Financial managers explicitly encouraged the young operators to behaving as if “there is no tomorrow” and take the money and run. The State will inevitably comes to the rescue in no time.
Financial managers are no dumb: They know that money transferred around at the speed of light are fictitious money, hundred times overvalued with respect to gold or any goods of values.
Thus, they think that they may as well play this game of risks as if they are playing with beans, candies, or crackers. It barely comes to their mind that they are playing with the earnings of millions of hard-working people, money earned by blood and sweat.
Greedy financial managers know they rule the world:
1. That they are far more powerful than any government or a combination of unified governments. 2. They know that they are transacting 5 trillion dollars a day, twice more than all the powerful governments managed to save for emergency situations.
3. Greedy financial managers know that they have far more lawyers, consultants, and expert in financial matters than any government can harass them with: The odds favor the financial institutions in any legal battle.
4. Greedy financial managers know that governments have not many experts or professionals to managing and regulating the financial markets and institutions. Governments end up hiring financial experts who worked at the financial institutions they mean to regulate.
It is beyond natural individual greed: International capitalism has replaced bourgeois capitalism by mafias-types capitalism at a world scale and nobody dares to investigate into, account for, or prosecute.
The traditional entrepreneur used to say: “This cow is producing my daily milk.” The mafias multinational boss says: “When I see a cow I feel hungry for steaks”
Still, governments have one edge over financial multinationals: Government hold the “law and order” power.
Jail the financial managers and their bosses before legally prosecuting them and they will come to their reason: they will drop all their flatulent blame games and puny scapegoats.
There are many religious minorities disguised as ethnic minorities and there are genuine isolated ethnic minorities or singularities in existence that developed a written language and thus, created their own Gods to fight off enemies gods. Isolated ethnic minorities invariably end up developing the notion of special breed of people. For example, Israel forced the media to agreeing that it is a particular State of a special breed of society constantly having to worry about its survival among hateful Arabic States. There have been many such cases as Israel in history (for example, Palestine is one of these cases in the 13th century BC), but Israel is the modern kind.
With respect to the Palestinian cause there are four categories of ideological concepts that describe their support or antagonism to the State of Israel.
First, the right-wings Zionists who use religion as a leverage to hide behind radical and extremist racial and isolationist mentality. They are very favorable to a Zionist Israel simply because the Jews have finally got a land to go to and thus, don’t need to stay in their societies. Israel is supported because its apartheid system coincides with their ideological . Consequently, Israel will not constitute a hotbed of left leaning attitudes badgering International Capitalism and Imperialist domination.
Second, the left leaning Zionists who loves to go back and reminisce on early Zionist agricultural collectivities or communes and fake not to be updated on the changes in value system of the current Israeli political and social policies and racial activities. I think De Gaulle was one of these mentalities with the exception that he foresaw the consequences in the policies of Israel after its preemptive war in 1967 and conquering more lands that it could chew on. De Gaulle said (after starting by regurgitating the sickening and erroneous laudatory pronouncement of the greatness of the Ancient Testament stories on Jews): “There are people who feared that the dispersed Jews, confident of being the elite and chosen people and dominator (to top it), once reassembled in a recognized State then, will change in ardent ambitions of conquerors…” Before 1968, Israel airforce was mainly of French Mirages and De Gaulle banned exporting Mirages to Israel. Consequently, Israel turned to the USA for imperial support.
Third, you have the right-wing anti-Semites who abhor ethnic minorities in their mist and jubilate when Israel confirm their hypothesis that “Semitic people” are the worst in establishing constitutional fair, egalitarian, and democratic systems of governance. To this category, Israel demonstrated that it quickly reverted to classifying its citizens in privilege classes and second and third classes and then, subdividing the classes into caste subgroups. Israel that was heavily and continuously supported financially, politically, and economically by the Western powers for over 65 years ended up emulating the “Arab and Ottoman” political structure of blatant apartheid ideology.
Fourth, you have the left leaning romantic anti-Semites that would like to believe that “The Jew was invented by the anti-Semites” (Sartre) or that “Black was the invention of White people” (Frantz Fanon). They do have a white/Black comprehension of the evolution of history where the dominant powers leisurely invent ethnicities, religious sects, minorities, and counter-ideologies in order to creating material enemies for arming against and releasing the pressures off their poorer ignorant classes. The dominant elite classes then release the masses against fabricated enemies to the nation, its security, and well-being.
If Zionism is a material ideology that exerted and executed many of its fundamental principles and thus, can be condemned according to its tangible results and behavioral activities, it does go smoothly with this mythical concept of semitic origin. When the Zionist lobbies in Western States constantly hammer out the “anti-Semitic” counter-offensive every time Israel is condemned by the international communities then, Zionism loses its pragmatic ideology or any moral value system it based on and is transfered to a mythical position. If Zionism wants the international community to believe that Israel is a singularity of existence then, it should not hope that we believe that it is formed of a superior specie. Israel has demonstrated to be the ugliest and horror joke that Western powers, including Russia, performed on the world communities.
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