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"Fraud? The market will fix itself."
I read quite far into this editorial looking for some issue I could find that is high on my list of peeves...
I rather think this is over-stated.
But I do think we are a highly leveraged society, leaning on debt far more than any rational civilization would, and I think Big Government and Big Business create an environment where certain people cannot lose. Sweet deal for them.
But I think it’s going too far to say that any marketplace is a Scam. Nothing that LIMITED government and default on the debt won’t cure.
Remember this reaper friends the love of money is the root of all evil
Put the treasures Of your heart in the kingdom of heaven not in the moneychangers of this world and you will find peace
Stupid auto correct
Freeper not reaper
Wow.
The frothing spittle spewing about makes that article hard to read.
Yes, Amazon made arrangements to deliver below cost. When you are supplying a large fraction of the service provider’s revenue, you can make deals like that. (Lose Amazon’s business, USPS could actually go under.)
Yes, Intel said the devices worked as intended. Extremely creative individuals figured out how to abuse what is otherwise beneficial capabilities. (The technique is staggeringly clever.)
Etc.
No, it’s NOT stealing. Everyone has the opportunity to cease business as they see fit. Yes, there’s consequences - that’s why the system built up the way it has: on the whole it benefits everyone more than not. Don’t like what’s happening? then stop using Amazon, USPS, Netflix, Intel, etc - and see how life really was better.
What a bitter cynical man
Unbelievable!
That’s TWO (2)! Truth In A Week!!!!!!!!!!!!!!!!!!!!
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@Planet WTF!
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It’s called “Capitalism,” Karl. Celebrate it, don’t denigrate it.
So what would you like to happen?
And ....
This is emblematic of why the Class Action lawsuit thing has morphed into such a perverted form of the ills it supposedly attacks.
Bottom line is - we still have a system. It is corrupt, but it is far, far better than the collectivism which would inevitably follow the destruction of the system. Repairing it should be our top priority, but it will be the work of several generations. There will be constant temptations to blow up everything to get the cheaters (which Democrats exploit) or to ignore the cheaters since we are “all” making money (which Republicans exploit).
Not many politicians can confront these issues when their re-elections depend on them not confronting them. Trump has taken a merciless pounding for making the smallest steps in the opposite direction.
“You either steal, rob, lie, launder money and otherwise rip people off or you go out of business. “
Liberals love money; they just want a government they control to have all of it.
Amazon is known to have gamed the USPS — probably with the explicit help of Congress (who they lobby all the time) to get below cost package delivery. You pay for this every time you send a letter or package to someone, and they literally rob you. In addition the firm engages in the very definition of anti-trust punishable behavior by cost-shifting their loss-making sales onto AWS customers, some of whom are various state, local and federal governments and thus there’s no push-back available to private industry there either. All of this should have been met with a bone-crushing response years ago, but it hasn’t and won’t be.
...
Why doesn’t the Washington Post do a story on it?