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View Diary: Elizabeth Warren warns of perils in 'Wall Street shuffle' (52 comments)

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  •  The problem that the United States is slipping... (1+ / 0-)
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    further into is not so much Wallstreet first.  Wallstreet is the score board of the economy.  It is where the stock holders can have investment bragging rights.  It has become more pronounced over the past 30 years as more commoners became tied into the Stock Market process with stock options, 401ks and other savings plans...

    I was having a conversation once with a fellah about stock investments.  During the conversation it came out that the stock market was simular to casino gaming or gambling.  He was a retired bank president and investment manager.  I asked him this question, "can anyone prosper without someone else losing?"  He hesitated for a moment and then started telling me how an investor is like being the owner of that business that we have invested in.  I left it at that.

    WallStreet is a symtom of the real problem.  The real problem is the LEAN process that has been instituted and it's success for getting the best value for the customer.  It did that but at what cost.  One of the means of getting the best value is at the heart of the problem in the US economy.  The LEAN process seeks to find ways to produce with "Less Human Effort"...  

    The efficiency of the business plan is set to satisfy the stock holder.  The worker who become obselete and then the unemployed are not there problem.  CEO's who do an excellent job at what they do get richer while the ranks of the unemployed swell.

    Of the millions of stock holders (investors), if a poll were done to find out how many would be willing to turn back the hands of time to defeat unemployment...I would not be surprised at the result in today me climate...

    I may not be deep, but I am very wide... Honree Balzac

    by meknow on Fri Jan 25, 2013 at 03:19:32 PM PST

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