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Has the time come for the evolution of capitalism?

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Has the time come for the evolution of capitalism?

Post by Changing Britain on Fri Dec 16, 2011 2:13 am

First topic message reminder :

Am I alone in suspecting something very big is happening - in terms of society and its perception of the effects and overall value of free market economics upon society?

I'd like to discuss this with all of you in greater detail but before I do please look at my blog:
http://changing-britain.blogspot.com/

I have a lot to say and could not begin to do so in an opening post  Very Happy

Hopefully I haven't transgressed the t&c's....

Cheers.
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The American Way

Post by oftenwrong on Mon Aug 17, 2015 8:29 am

Today's horror story describes how our "hard working entrepreneurs" like things to work:

http://www.msn.com/en-gb/money/technology/inside-amazon-wrestling-big-ideas-in-a-bruising-workplace/ar-BBlNQ1l

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Re: Has the time come for the evolution of capitalism?

Post by oftenwrong on Mon Sep 21, 2015 5:18 pm

It's evident why the Banks would like to see the end of cash transactions. A payment moved around electronically presents them with an opportunity for extracting a "handling charge", whilst a £20 note changing hands provides no such room for enterprise. The Capitalist system harbours large numbers of people who make a good living without actually producing a tangible product, simply by intervening between buyer and seller. Government is a prime example, extracting taxes from what people earn, and again when they spend any of that taxed income.
Others who take a cut of our money whether we like or not enter upon the scene when, for example, we buy or sell a home. Stamp Duty apart, we find ourselves paying Estate Agents, Lawyers, Valuers, Movers, Insurers and Lenders on top of any tradesmen needed for repairs, decoration or maintenance, whose work you can at least see. A small levy upon every electronic movement of money around that system can soon become serious profit.
On the purely financial scene, Visa, Mastercard and Amex can collect from both buyer and seller, as does Paypal, with ApplePay now permitting a single complete remote transaction of selecting, ordering and paying seamlessly on your smartphone. Oystercard at least requires your physical presence ar a till, though underlying all such transactions is another sucker in the form of Credit Information Agencies whose charges whilst invisible are unavoidable.
A cashless society will make the disadvantaged even more so, as they are effectively excluded from all the wonders which flow from Direct Debit. But it's not all bad news, the boss of a company named Worldpay is set for a personal £50M windfall if it floats on the stock exchange next month for the anticipated £5bn.
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Re: Has the time come for the evolution of capitalism?

Post by oftenwrong on Tue Jan 26, 2016 7:43 pm

Today's "news" confirms that Tesco was making extra profit at the expense of its suppliers. Not unlike other Supermarkets you might care to name, or many many other large companies that use their smaller suppliers as a cheap alternative to bank-borrowing.

Trade Terms are usually 30 day settlement of accounts, but as far back as 1992 I remember a High Street bookseller writing politely to its suppliers to say, don't waste your time sending us a bill - we'll pay you what we think that we owe. At the same time a DIY retailer informed its suppliers that as times were hard, 7½% would be knocked off all bills "to spread the load".

The seller's choice is to buckle down or forever lose that custom.

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Re: Has the time come for the evolution of capitalism?

Post by boatlady on Tue Jan 26, 2016 9:05 pm

That seems wrong
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The tiger we're holding by the tail

Post by oftenwrong on Fri Sep 16, 2016 10:29 pm

Who will benefit from Britain's nuclear future?

Apparently our new chums the Chinese, and Electricité de France.

All we have to do is pay.

http://www.msn.com/en-gb/money/news/who-will-benefit-from-britains-nuclear-future/ar-BBwd2IQ?li=BBoPMmp&ocid=iehp
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Re: Has the time come for the evolution of capitalism?

Post by boatlady on Sat Sep 17, 2016 9:31 am

I can't believe this has happened - as a country, we will be left with nothing
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Re: Has the time come for the evolution of capitalism?

Post by oftenwrong on Sun Sep 18, 2016 3:34 pm

News in the City of London this week is of a hostile takeover bid by an American firm called Harbour Vest (no connection with underwear) of a company here called SVG Capital.

The bid is worth £1bn - for a company which has paid its Chairperson £16m over the past four years. SVG does not manufacture anything, nor have a presence on the High Street, nor sell things on mail-order. This "billion pound company" employs no more than twenty people, for the purpose of investing shareholders'cash in Private Equity Funds. A task made considerably easier recently by the Bank of England's quantitative easing (printing money) which was designed to increase the amount of Capital available for investment.

All perfectly legal, but to the average wage-slave might seem akin to rubbing Aladdin's Lamp.
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Re: Has the time come for the evolution of capitalism?

Post by boatlady on Sun Sep 18, 2016 5:14 pm

It's so openly corrupt - and yet you rarely hear any protest
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Re: Has the time come for the evolution of capitalism?

Post by Changing Britain 2017 on Wed Feb 01, 2017 11:13 pm

So, another 6 years have gone by ...and nothing has changed.

In fact as I predicted in my opening post 'things' have got a lot worse. Not in terms of (perceived) personal wealth, but in terms of happiness, fulfillment, quality of life etc. These are different, and IMO far more important measures of who and what we are.

Since my OP in 2011 I haven't given up. In fact I've grown more confident in what I am proposing and I'm even more determined to continue. I've established a website to further the Changing Britain Vision objectives. This can be found at peopletakecontrol.com

Cutting Edge has proven to be an excellent sounding board for my original thoughts. Please help as I step up my efforts t.hroughout 2017

Thanks, everyone!

Changing Britain 2017

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Re: Has the time come for the evolution of capitalism?

Post by oftenwrong on Thu Apr 13, 2017 7:51 pm

Today's news includes: "After making two poorly received statements, United CEO Oscar Munoz has apologized to Dao and the other passengers on the flight."

You know what that's about.  It's a worrying reminder of the impunity with which Capitalist business goes about making a corporate profit.  Nothing is allowed to stand in the way of just making money.  The Company has no other raison d'etre .  It's a money machine or it's nothing.

This odd little news item should tell us how close humanity is to becoming subservient to decisions taken secretly in a Boardroom somewhere.

Time for the rest of us to take stock, perhaps.
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Re: Has the time come for the evolution of capitalism?

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