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View Diary: Wall Street is Doing it Again: The Looting of America Continues (128 comments)

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  •  We would, however, still be able to scratch it (12+ / 0-)

    on a soft stone with a piece of flint, if we have acquired the skill to write and read.

    Profit is not a prompt to communication; it's a result. That is, it doesn't come before; it comes after.
    Sequence is important. However, I will grant that some people have no sense of sequence or of time. So, they do not know what comes first and what comes second or who's on third. It's an old joke, but it reflects a serious issue.
    People who have no sense of time or space or distance suffer from a disability. It's not significant, because we can't see it. And, for that matter, being difficult to visualize, it's rather difficult to describe.

    We organize governments to deliver services and prevent abuse.

    by hannah on Fri Feb 01, 2013 at 03:46:31 AM PST

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    •  lol... great post. (7+ / 0-)

      There is a difference between profit for purpose and profit for the sake of profit. Profit harnessed and profit unleashed.

      There is also the regulation of profit so it doesn't serve socially nefarious ends.

      Kind of common sense things knowing what we know as a people.

      Funny that you never get to talk about that stuff, right?

      "I mean, what's the alternative? Doing nothing?"

      Democracy - 1 person 1 vote. Free Markets - More dollars more power.

      by k9disc on Fri Feb 01, 2013 at 07:19:15 AM PST

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    •  And you acquire the skill to write and read... (1+ / 0-)
      Recommended by:
      Sparhawk

      ...by teachers and parents, who survived with you in profit-oriented construction, water and food availability, etc.

      Profit is always back there somewhere.

      Boehner Just Wants Wife To Listen, Not Come Up With Alternative Debt-Reduction Ideas

      by dov12348 on Fri Feb 01, 2013 at 09:22:44 AM PST

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      •  I think you are confusing profit with (4+ / 0-)

        payment. Profit is something more on one hand than was given in the other. To a large extent, profit is the result of different values. A hungry man values a mushroom; the sated man may well trample it in ignorance or haste to go somewhere else. Otherwise, profit is often the alternative to waste, even though that's often, or not at all, appreciated by economists. Things that get thrown out as useless simply don't show up in their accounts. And yet, we know when we think about it that a substance like beer or wine is the rescue of a huge harvest, which occurs in a short time, from being spoiled by rodents or rot. Bacteria, the little critters, process it and leave some for humans to use later. We could even call bacteria capitalists, since they save assets for use at a later time.
        All of these functions can go forward without the use of money, or with. With money, the transactions can occur over greater distances and longer periods of time. Indeed, intimate transactions within the household or neighborhood are actually delayed by the introduction of currency. Imagine having to keep track of every time the neighbor picks up your paper and leaves it on the porch or retrieves your trash can from across the road.
        Another mistake is in pairing profit with loss. Waste avoidance is a whole 'nother matter. Indeed, the binary pattern is misleading in many instances. It is a simplification that provides false information.

        We organize governments to deliver services and prevent abuse.

        by hannah on Fri Feb 01, 2013 at 10:04:58 AM PST

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