Is it reasonable to take a more unfair path?

Elfrieda 2022-12-30 03:09:23

Any documentary is not a running account, of course, you must have your own opinions. Although the front of the film said that the government's supervision was too loose, it seemed to denounce the government's unfavorable relief in the back. In summary, it is dissatisfaction with the existing financial system in the United States. I personally think that the former part can be regarded as dissatisfaction with the entire regulatory system, and the latter part can be regarded as dissatisfaction with the participating entities. In this way, it should be able to justify itself.

After reading a 2 star review, I really have something to say!

The most important point is this:
whether it is said that the government intervenes too much or the financial regulation is too loose to lead to the financial crisis, or any kind of statement is fine, but there is an indisputable fact that since the relaxation of financial regulation, Reagan and Thatcher joined forces to create Europe and the United States. After the prosperity of the 1980s, and indirectly winning the Cold War,
1. The wealth of the middle class and the people below the middle class all over the world is shrinking.
The wealth of the richest 2.10% is increasing dramatically.
3. People born after the 1900s in the United States will have lower life expectancy and education levels than their parents!

4.5.6.7.8 Welcome to add!

I didn't study finance, and high school mathematics has basically been forgotten, but as a criminally responsible person, according to the standards of the common law system, I can still sit on the jury's seat, as a citizen, and at the very least, I can stand in one or two A walker's perspective on fairness and injustice!

The development of society has never been aimed at maximizing profits. For this, you can look at "The Theory of Justice". The purpose of social development is to allow all people living in this society to receive equal opportunities and fair treatment. Any reasonable inequality in any society should be reasonably expected to fit. Open to all for the benefit of any one and depending on position and office (the last sentence is for us).

So don't the current financial systems and systems operate with the goal of achieving social fairness and justice? Based on the first three facts I presented, the answer is clearly no. So should we look at this issue with a critical attitude, or should we agree? The answer is of course obvious.

Another point is about the company system. Financial executives can take an astonishing amount of dividends, and it's okay for companies to fail, which is a joke in human history. A company can legally be regarded as a freak "person", as long as you can pursue the maximization of interests without considering any moral factors within the scope of the law. In reality, no one can do this. According to Lao Meng's words, "there is no king and no father, and it is a beast." "Jun" is eliminated. "Father" should exist forever before human beings are completely cloned, so the company is half a beast. Regarding the company, if you are interested, you can go to another documentary, the book corporation and corporation.

Let me talk about some things that I don't quite understand. If I'm wrong, I hope someone can enlighten me!

I have never understood how finance can create such huge wealth for no reason, and how can this virtual wealth become real money? According to the point of view of The Wealth of Nations and to the extent I can understand, finance can increase the liquidity of capital, and lending provides a better space for capital operations, but in the final analysis, the creation of wealth is still through the real economy to capital. Created by operation. No matter how many accounts the money passes through, it will only decrease due to the decrease in remittance fees, and will not increase for no reason! Borrowing needs to have actual profits to create interest payments. Futures can only have price differences because the final transaction price of the item changes. Stocks also have dividends because the company makes profits. Only when there is more real money can there be more virtual money. Putting the cart before the horse as a pillar to increase national wealth is not another joke.

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Extended Reading

Inside Job quotes

  • title card: The presidents of Harvard University and Columbia University refused to comment on academic conflicts of interest. - Both declined to be interviewed for this film.

  • interviewer: On your CV the title of this report has been changed from "Financial Stability in Iceland" to "Financial *In*stability in Iceland."

    Frederic Mishkin: Um, well, I don't know. Er, which, er whatever it is, is - the thing - if there's a typo, there's a typo.