Groups | Search | Server Info | Keyboard shortcuts | Login | Register [http] [https] [nntp] [nntps]

Groups > alt.folklore.computers > #161593

Re: Qbasic

Show all headers | View raw

Anne & Lynn Wheeler <lynn@garlic.com> writes:
> https://promarket.org/there-is-regulatory-capture-but-it-is-by-no-means-complete/
>
> I don't consider myself an expert on the financial industry, but the
> fact that the financial industry is responsible for something like 30
> percent of all profits seems rather remarkable. I am startled by the
> size of the financial industry and what it means. I can't believe this
> is really needed for the allocation of resources. A lot of it is going
> to be rent-seeking. It creates a diversion of resources, especially
> human capital, and not only does it create problems for the legitimacy
> of income distribution, but that also means resources diverted for this
> purpose [rent-seeking] can't be used elsewhere.


"There Is Regulatory Capture, But It Is By No Means Complete"
https://promarket.org/there-is-regulatory-capture-but-it-is-by-no-means-complete/

I don't consider myself an expert on the financial industry, but the
fact that the financial industry is responsible for something like 30
percent of all profits seems rather remarkable. I am startled by the
size of the financial industry and what it means. I can't believe this
is really needed for the allocation of resources. A lot of it is going
to be rent-seeking. It creates a diversion of resources, especially
human capital, and not only does it create problems for the legitimacy
of income distribution, but that also means resources diverted for this
purpose [rent-seeking] can't be used elsewhere.

... snip ...

old post mentioning "rent-seeking"
http://manana.garlic.com/~lynn/2013f.html#13 What Makes an Architecture Bizarre?

Joe Stiglitz Blasts Our Wealthy-Coddling Tax System for Increasing the
Returns on Rent-Seeking
http://www.nakedcapitalism.com/2013/04/joe-stiglitz-blasts-our-wealthy-coddling-tax-system-for-increasing-the-returns-on-rent-seeking.html

And then the good professor turns to corporate tax breaks, citing poster
child GE, which has paid on average less than 2% of its income in taxes
since 2002. The picture is likely even worse than these figures suggest
since corporations and wealthy individuals can hide income tax havens.

... snip ...

tax evasion, tax avoidance, tax haven posts
http://manana.garlic.com/~lynn/submisc.html#tax.evasion

and wiki
https://en.wikipedia.org/wiki/Rent-seeking

The economist Joseph Stiglitz has argued that rent-seeking contributes
significantly to income inequality in the United States through lobbying
for government policies that let the wealthy and powerful get income,
not as a reward for creating wealth, but by grabbing a larger share of
the wealth that would otherwise have been produced without their
effort.[28][29] Piketty, Saez, and Stantcheva have analyzed
international economies and their changes in tax rates to conclude that
much of income inequality is a result of rent-seeking among wealthy tax
payers.[30]

... snip ...

inequality posts
http://manana.garlic.com/~lynn/submisc.html#inequality

Also sometimes Wallstreet and Financial industry have been represented
as beneficial parasites in symbiotic relationship with the US Economy
host. However there is danger of the parasite getting greedy, going
rogue and threatening to kill the host ... as described in the account
of financial industry accounting for 30% of all profit (and accounts of
how the Financial industry has "captured" their regulators)

However, there have similar accounts of other beneficial parasites in
symbiotic relationship with the US Economy host, like Eisonhower's
warning about the Military-Industrial(-Congressional) complex
http://manana.garlic.com/~lynn/submisc.html#military-industrial-complex
similar accounts of Drug industry (Medicare Part-D coming to be
long-term $40T item totally swamping all other budget items)
http://manana.garlic.com/~lynn/submisc.html#medicare.part-d

as well as Healthcare Industry becoming dominate portion of GDP.

Interestingly, the Finance Industry apparently having gone rogue and
looking around at their parasite competitors have taken to buying up
some of their competitor parasites. This is seen in the articles about
private-equity taking over MICC and beltway bandits, hospitals and
public health firms, as well as drug firms ... in order to suck them
dry. private-equity posts
http://manana.garlic.com/~lynn/submisc.html#private.equity

reference to private-equity moving in on various government contractors
(including Snowden's employer)
http://www.investingdaily.com/17693/spies-like-us/

past posts mentioning Private Equity forays into healthcare
http://manana.garlic.com/~lynn/2014c.html#48 Royal Pardon For Turing
http://manana.garlic.com/~lynn/2014c.html#58 Royal Pardon For Turing
http://manana.garlic.com/~lynn/2014c.html#100 Royal Pardon For Turing
http://manana.garlic.com/~lynn/2014c.html#106 Royal Pardon For Turing
http://manana.garlic.com/~lynn/2014c.html#107 Royal Pardon For Turing
http://manana.garlic.com/~lynn/2014c.html#108 Royal Pardon For Turing
http://manana.garlic.com/~lynn/2014f.html#18 Before the Internet: The golden age of online services
http://manana.garlic.com/~lynn/2014f.html#42 Before the Internet: The golden age of online services
http://manana.garlic.com/~lynn/2014i.html#38 Sale receipt--obligatory?
http://manana.garlic.com/~lynn/2014l.html#30 HP splits, again
http://manana.garlic.com/~lynn/2014l.html#64 How Comp-Sci went from passing fad to must have major
http://manana.garlic.com/~lynn/2014m.html#10 weird apple trivia
http://manana.garlic.com/~lynn/2014m.html#52 LEO
http://manana.garlic.com/~lynn/2015d.html#77 Western Union envisioned internet functionality
http://manana.garlic.com/~lynn/2015g.html#89 Obama-Bush Years Saw Employers Reduce Health Insurance Coverage
http://manana.garlic.com/~lynn/2016.html#93 Thanks Obama

regulatory capture posts
http://manana.garlic.com/~lynn/2011i.html#25 Happy 100th Birthday, IBM!
http://manana.garlic.com/~lynn/2011p.html#7 FDR explains one dimension of our problem: bankers own the government
http://manana.garlic.com/~lynn/2012c.html#39 Greek knife to Wall Street
http://manana.garlic.com/~lynn/2012c.html#54 PC industry is heading for more change
http://manana.garlic.com/~lynn/2013.html#20 The Big Fail
http://manana.garlic.com/~lynn/2013b.html#35 Adair Turner: A New Debt-Free Money Advocate
http://manana.garlic.com/~lynn/2013d.html#25 Senator Sherrod Brown Drops a Bombshell in Mary Jo White's Hearing
http://manana.garlic.com/~lynn/2013d.html#89 What Makes an Architecture Bizarre?
http://manana.garlic.com/~lynn/2013d.html#94 What Makes an Architecture Bizarre?
http://manana.garlic.com/~lynn/2013e.html#20 What Makes an Architecture Bizarre?
http://manana.garlic.com/~lynn/2013e.html#86 What Makes a thread about the European debt crisis Bizarre?
http://manana.garlic.com/~lynn/2013f.html#1 What Makes an Architecture Bizarre?
http://manana.garlic.com/~lynn/2013f.html#2 What Makes an Architecture Bizarre?
http://manana.garlic.com/~lynn/2013f.html#34 What Makes an Architecture Bizarre?
http://manana.garlic.com/~lynn/2013f.html#36 Fed proposes annual assessments for large financial companies
http://manana.garlic.com/~lynn/2013h.html#55 OT: "Highway Patrol" back on TV
http://manana.garlic.com/~lynn/2013i.html#89 What Makes an Architecture Bizarre?
http://manana.garlic.com/~lynn/2013j.html#14 Barclays, Traders Fined $487.9 Million by U.S. Regulator
http://manana.garlic.com/~lynn/2013j.html#15 What Makes a Tax System Bizarre?
http://manana.garlic.com/~lynn/2013j.html#78 What Makes an Architecture Bizarre?
http://manana.garlic.com/~lynn/2013k.html#26 The agency problem and how to create a criminogenic environment
http://manana.garlic.com/~lynn/2013k.html#29 The agency problem and how to create a criminogenic environment
http://manana.garlic.com/~lynn/2013k.html#32 What Makes a Tax System Bizarre?
http://manana.garlic.com/~lynn/2013k.html#38 What Makes a Tax System Bizarre?
http://manana.garlic.com/~lynn/2013k.html#52 The agency problem and how to create a criminogenic environment
http://manana.garlic.com/~lynn/2013l.html#1 What Makes a Tax System Bizarre?
http://manana.garlic.com/~lynn/2013l.html#7 What Makes a Tax System Bizarre?
http://manana.garlic.com/~lynn/2013l.html#48 Ex-Wall Street chieftains living large in post-meltdown world
http://manana.garlic.com/~lynn/2013l.html#52 Lehman Brothers collapse: was capitalism to blame?
http://manana.garlic.com/~lynn/2013m.html#76 The Scholars Who Shill for Wall Street
http://manana.garlic.com/~lynn/2013m.html#77 OCC Replies to Elizabeth Warren Reveal Extent of Regulatory Capture on Derivatives
http://manana.garlic.com/~lynn/2013o.html#81 Academics Who Defend Wall St. Reap Reward
http://manana.garlic.com/~lynn/2014b.html#3 Royal Pardon For Turing
http://manana.garlic.com/~lynn/2014b.html#50 Royal Pardon For Turing
http://manana.garlic.com/~lynn/2014c.html#68 Economists and our responsibilities to society
http://manana.garlic.com/~lynn/2014k.html#47 LA Times commentary:  roll out "smart" credit cards to deter fraud
http://manana.garlic.com/~lynn/2014l.html#4 HP splits, again
http://manana.garlic.com/~lynn/2014m.html#67 LEO
http://manana.garlic.com/~lynn/2015b.html#71 Why do we have wars?
http://manana.garlic.com/~lynn/2015b.html#81 Stanford Law School Covers Up SEC's Andrew Bowden's Embarrassing Remarks by Deep-Sixing Conference Video
http://manana.garlic.com/~lynn/2015b.html#86 past of nukes, was Future of support for telephone rotary dial ?
http://manana.garlic.com/~lynn/2015c.html#6 SEC's Andrew Bowden Regulatory Capture Scandal Hits the Major Leagues with Los Angeles Times Column
http://manana.garlic.com/~lynn/2015c.html#11 past of nukes, was Future of support for telephone rotary dial ?
http://manana.garlic.com/~lynn/2015c.html#16 Retirement Heist
http://manana.garlic.com/~lynn/2015c.html#18 SEC's Andrew Bowden Regulatory Capture Scandal Hits the Major Leagues with Los Angeles Times Column
http://manana.garlic.com/~lynn/2015c.html#41 past of nukes, was Future of support for telephone rotary dial ?
http://manana.garlic.com/~lynn/2015d.html#24 Wall Street Bailouts Are Finally Over, Right?
http://manana.garlic.com/~lynn/2015d.html#28 Bernie Sanders Proposes A Bill To Break Up The 'Too Big To Exist' Banks
http://manana.garlic.com/~lynn/2015e.html#23 1973--TI 8 digit electric calculator--$99.95
http://manana.garlic.com/~lynn/2015f.html#29 Eric Holder Returns as Hero to Law Firm That Lobbies for Big Banks
http://manana.garlic.com/~lynn/2015f.html#36 Eric Holder, Wall Street Double Agent, Comes in From the Cold
http://manana.garlic.com/~lynn/2015f.html#38 LIBOR: History's Largest Financial Crime that the WSJ and NYT Would Like You to Forget
http://manana.garlic.com/~lynn/2015g.html#67 Economics Has a Math Problem
http://manana.garlic.com/~lynn/2015g.html#73 Economists' Tribal Thinking
http://manana.garlic.com/~lynn/2015h.html#28 rationality
http://manana.garlic.com/~lynn/2016c.html#16 There Is Regulatory Capture, But It Is By No Means Complete
http://manana.garlic.com/~lynn/2016c.html#18 Qbasic
http://manana.garlic.com/~lynn/2016c.html#23 How Generation Y is paying the price for baby boomer pensions

-- 
virtualization experience starting Jan1968, online at home since Mar1970

Back to alt.folklore.computers | Previous | Next — Previous in thread | Next in thread | Find similar | Unroll thread

Thread

Re: Qbasic jmfbahciv <See.above@aol.com> - 2016-03-17 13:17 +0000
  Re: Qbasic "Rod Speed" <rod.speed.aaa@gmail.com> - 2016-03-18 08:39 +1100
  Re: Qbasic Walter Banks <walter@bytecraft.com> - 2016-03-18 15:24 -0400
    Re: Qbasic hancock4@bbs.cpcn.com - 2016-03-18 13:22 -0700
      Re: Qbasic Anne & Lynn Wheeler <lynn@garlic.com> - 2016-03-18 15:25 -0700
        Re: Qbasic Anne & Lynn Wheeler <lynn@garlic.com> - 2016-03-29 11:01 -0700
          Re: Qbasic Walter Bushell <proto@panix.com> - 2016-03-31 16:36 -0400
      Re: Qbasic "hanja" <hanja228@gmail.com> - 2016-03-19 09:39 +1100
    Re: Qbasic "hanja" <hanja228@gmail.com> - 2016-03-19 09:14 +1100

csiph-web