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> The problem is, the is basically no one left who doesn't fit your definition of elite. No, banks, hedge funds, billionaires, financial institutions are all s

> The problem is, the is basically no one left who doesn't fit your definition of elite. No, banks, hedge funds, billionaires, financial institutions are all still there. > What most people don't get is that they rely on financial markets 100 times a day. That's why when markets wobble there is a shit storm. That's why they get bailed out. I strongly disagree with what you're trying to say. I can't accept in any way a view of the world that leaves us with no one taking responsiblity. If someone is earning billions on the markets, someone also need to be responsible when the market crashes due to speculation. Otherwise it's just a broken system where there's no incentive to act responsibly. > You can say Fuck them all, but then we'll have to go back to living like people in the second world. I'm not convinced about this in the slightest. Finance has grown way out of its league and has become a god of its own. We can say fuck them all, reorganize our economy and still live in a prosperous country.

LatteLazy 6y ago
If you're that convinced that we don't need these organisations, stop using them. Defer buying a house or a car until you can pay cash, leave your pension and invest in gold, become self employed and refuse any loan or insurance. That's my point here: the way you and I and 99% of people live day to day relies on billionaires to fund things and speculators to keep markets liquid. This is the core cause of a lot of our issues and the ultimate reason for things like bailouts. If we didn't need speculative finance to fund house building, we wouldn't have had to bail them out. So all we have to do is start buying houses in cash and that need disappears an we can stop bailing things out. But the dirty truth is that as much as people hate bailouts, they hate paying for things and saving and being responsible far more. This is why (for instance) Germany, with a high savings rate and minimal consumerism has so few billionaires and didn't need to spent much bailing out banks.

LatteLazy 6y ago

If you're that convinced that we don't need these organisations, stop using them. Defer buying a house or a car until you can pay cash, leave your pension and invest in gold, become self employed and refuse any loan or insurance. That's my point here: the way you and I and 99% of people live day to day relies on billionaires to fund things and speculators to keep markets liquid. This is the core cause of a lot of our issues and the ultimate reason for things like bailouts. If we didn't need speculative finance to fund house building, we wouldn't have had to bail them out. So all we have to do is start buying houses in cash and that need disappears an we can stop bailing things out. But the dirty truth is that as much as people hate bailouts, they hate paying for things and saving and being responsible far more. This is why (for instance) Germany, with a high savings rate and minimal consumerism has so few billionaires and didn't need to spent much bailing out banks.