Barry SCHWARTZ (Barijo ŜVARC) (chemoelectric) wrote,

Baseball wisdom

Originally posted by barking_iguana at post
There's a lot of non-baseball wisdom in some of the baseball forums.

danseidenSomething righties refuse to get about the Occupy movement. It's not the money, it is the endless ass kissing and favoritism given to the 1%'s. If Pujols can command $250M, then good for him. But if his boss is making his money through sweetheart stadium deals at taxpayers expense, if he employs tax dodges and loopholes that are legislated purely for the benefit of the so-called "job creators" then there is a problem. If the 1%'s would actually produce something instead of living off of a bribed congress ,a captured regulatory framework and an accommodating Ferderal Reserve, we would all be in better shape. You don't have to look any further than this: 

We bailed these mofo's out. Part of the reason that we allowed too big to fail banks was so that they would be a conduit to the general economy. So that they would do what they are in business for - to lend money - and that is what they are NOT doing. 

So don't begrudge Albert his big pay day. Baseball is the entertainment business and guys like Pujols are the talent. If the boss figures he will put asses in the seats and pay off that high salary then he made an astute decision. Otherwise he fucked up. 


-loismach replied (23 minutes ago): from fark 

This sentiment does not surprise me as Lloyd Blankfein's view of himself and other Wall-Streeters as "doing God's work" is really how these people think because they have been brainwashed themselves. It's not that they are cynically just making money for themselves without thought for others- they really think they are contributing something of value. 

I've been reading a lot about Wall Street lately and the truth is, the drive to increase shareholder value over all else not only doesn't even occur in the long-run but actually doesn't create much value for the broader economy. In twentieth century America corporations for a long time were run to make profit, but that profit was a long-term goal and took into consideration both managers and labor. Since the 1980s, corporations are essentially being run by Wall Street and instead of thinking about long-term reinvestment in machinery, tech, and labor, they are viewed as potential liquidity- assets to be sliced and diced and sold off. 

In the post-Depression years, Wall Street became something of a desert. Almost no one invested their money in the stock market as they saw it as too risky (compare that to today!). Keynesian economics and closer governmental regulation (plus a booming economy because of the war years) led to the downplaying of Wall Street as a real player in the economy. Corporate CEOs were very wary of investment bankers and Wall Street types in general. That has changed now and we assess the health of the economy based on the stock market. That is crazy. It has to change. We need to move away from the financialization of the economy (which pools all the money in the hands of a privileged few- the 1%) towards a manageable form of capitalism in which we produce things of value for the economy.

-danseiden replied (17 minutes ago): "Acting like everyone who's been successful is bad and that everyone who is rich is bad ? I just don't get it," 

Dumb mother fucker and JP Morgan CEO Jamie Dimon. 

Typically, he has his feelings hurt and thinks that people don't like him cause he's rich. Someone needs to clue this dumbass in. It ain't the money, it's his uselessness. 


-Denny03 replied (15 minutes ago): Always good to see a danseiden post, especially as an antidote to a dandevine post.

 16 minutes ago
Denny03This just proves that the lowest tax rates do not necessarily lure the biggest "job creators" like Pujols. If they did, he would be occupying Miami by now. The Market Fairy theory thus takes another hit.


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