Well, the company belongs to me, so if it is 'trampling my rights' at least I know it's not a mob but myself.
the only idiot here is you, it is not about the group itself that is unconstitutional, it is about government creating laws that give privileges to one group by destroying rights of another.
A free union is not the problem, the problem is government enforcing entitlements of a union and destroying rights of an individual (for example of the company owner).
You do not have to accept a job if you do not like the contract, maybe you should actually try and live by some of those principles you espouse here.
Whether union left or right wing is irrelevant, unionization that gets special government privileges is wrong and unconstitutional but of-course it exists due to the politicians buying votes with stolen money.
Of-course unionization is government mandated licensing, show me a union in the USA and I will show you a special class of people protected by government from free market competition.
I do not have 'right wing talking points', I do not fit into your 'right/left' ideology. My belief system is based on a very basic principle of individual freedoms. Individuals are above the collective, the mob cannot have special privileges at the expense of individual rights. A society where a mob can steal rights of an individual has no right to exist.
By all of this you do mean that I reply to thread participants, yes I write replies as much as I can, what an observation.
One man's troll is another man's insightful or informative comment.
The vast majority of participants here regard large number of my comments as 'troll' for example, here is my journal where I make it clear what my positions and views are.
Latest comments marked as 'troll' or 'flamebait'.
http://slashdot.org/comments.pl?sid=5509921&cid=47635403 http://slashdot.org/comments.pl?sid=5509921&cid=47635363 http://slashdot.org/comments.pl?sid=5509921&cid=47635305 http://slashdot.org/comments.pl?sid=5509921&cid=47635223 http://slashdot.org/comments.pl?sid=5509921&cid=47635195 http://slashdot.org/comments.pl?sid=5509921&cid=47635157 http://slashdot.org/comments.pl?sid=5509921&cid=47635121
There are obvious trolls on this site, no question about it, however when you start looking at the context, in which comments are moderated to 'troll', shouldn't you start wondering? When users' comments are moderated to 'troll' that reply to my comments by noting that my comments are not actually 'trolling', they themselves are moderated as 'trolls'.
Here is an example of one of the moderators 'explaining' why he moderated my comment the way he did:
If you make labour cost too high, less of it will be bought
This is meaningless and really the reason I'm modding you down. You have tried to equate rising wages to labor cost to anti-business. The rest of the post is either statement of facts (redundant as it does not lend to an argument) or statements of opinion about orthogonal concerns (offtopic). Specifically, your only point, that I can see, was to characterize a business running at a loss as a hobby and then what that means to you. Let's nevermind the horrendous losses Amazon suffered around the millenium, it was only a hobby.
Just 10 minutes ago I explained to somebody here, who did not understand the basic principles of economy, such as capital formation based on savings, why the Chinese are buyin USA property and then I see this story and comments. The reason that the Chinese can and are buying USA property anx productive assets is that they cannot exchange their productive output for American output. The USA worker is made unproductive by American government and the foreigners, who export 500Billion USD/year more than USA exports to them (trade defficit) need to get rid of the dollars that are collecting dust and causing rising prices in their countries.
IBM sold this because they were offered a large cash amount (2,000,000,000) and 3,00,000,000 in Lenovo stock, and now IBM will enjoy productivity of a Chinese company that is not subjected to the insane USA anti-individual freedom rules, regulations, taxes and inflation. IBM will get rid of some American employees, who are made too expensive by USA government (I am not at all talking about salaries here, so do not bother) in a country where savings and productivity are punished, not rewarded since US government killed the free market.
Same user, backup account. Typed on the phone, so there have to be some writing errors there somewhere.
I am getting USA worker productivity numbers from real unemployment numbers, including those who gave up looking, those on disability and early ss and the 500 Billion USD/year trade deficit USA has been running for the last 20 years. I am gettinv more worker productivity numbers from monthly non farming payroll numbers, which show non existing manufacturing, fairly small mining and large service and government sectors, all of which are the reason for negative productivity. Americans are incapable of producing enough for themselves or to repay the foreigners for the stuff that comes from abroad, the 40-50 billion usd a month trade deficit is the proof of this simple concept. All of you exports, including all exported services are not enough to pay for the imports, that is your negative productivity. Americans are exporting the difference in inflated dollars and bonds, which are proving to be the theft of foreign productivity, since all the trillions that the foreigners hold for you raise their prices, while Americans have been spared the full wrath of inflation they are creating. Of-course inflation in USA is a number of times higher than the official numbers, it easily exceeds 10% per year as is clear from all of the asset bubbles that the Fed is creating and the rising cost of living should be obvious even to you, unless your buttler does the shopping.
A productive economy creates what it consumes either directly or in enough exports to cover all imports and then some. Americans lost that ability when they defaulted on the dollar 43 years ago.
The fact that the wealthy Chinese are buying up your houses is the exact opposite of what you believe. It shows that they have thd productivity and that to get rid of their dollars they have to go all the way to the USA to dump them, bringing the Fed generated inflation right back to you. They will buy the houses that your inflation allowed to be built ( the Fed created inflation to pump up the asset prices, they have been doing it since the default on the dollar). They are and will continue buying up all of your still productive assets too, companies, lands. Your welfare state will turn all of your welfare recipients into beggars on the streets, their only saving grace will be foreign companies hiring them at lowest labour prices, since they are made by USA government so unproductive, due to complete destruction of the capital, that you lost all of your factories that mattered and cannot be hired by other Americans. The part time jobs in the service sector will only get you as far as the foreigners will let you go, and they are tired of subsidising the unproductive Americans.
There is no capital without savings and people with savings do not lend to people that allowed themselves (and indeed cheered themselves) into this situation, where productivity is punished by regulations laws, taxes, inflation and generally anti-freedom ideology. Ideology of government taxing, borrowing and inflating (printing) to spend is ideology of destruction of the real economy and you are right in the middle of it, which is likely why you are blind to it.
As to business cycle, it does not need a solution, it is a normal process, where excess spendings are restructured back into productive capacity. The Fed trying to 'solve it' creates much more violent recessions and of course depressions, which are taking down your economy. The spending that needed to be stopped hasn't been, the unproductive were propped up for decades with all this money printing, while savers and the productive were chased out of town with laws, taxes and the inflation. The resulting lack of proper cleaning procedure (restructuring of misallocated resources) was delayed by the government and the Fed and now has enough potential energy that when it turns into kinetic will wipe out whatever remains of your centrally planned economy (and it is all centrally planned, that is your Fed and government with all the printing, taxes and laws that destroyed the dollar and the frer market).
Enjoy whatever limited time you have.
The fundamental problem is the basic concept of "earning."...... in an equitable society everyone would receive the same compensation for putting in a decent day's work, contributing to society as a whole, whether they were making sandwiches for others to eat or performing surgery.
- wow, that's not an equitable society, that's a society that cannot differentiate between value and cannot discover relative prices for things. Question to you: is an airplane worth more than a keyboard or a voodoo doll?
Once you realise that things are not worth the same to people then you will realise just how retarded your ideas on what an 'equitable' society are.
I don't care about voodoo dolls but if I need a surgery I can't avoid having it or I may die. To me the value of a voodoo doll is 0, the value of surgery is the worth of my life (to me), which is infinite. So I would pay exactly 0 for a voodoo doll and would pay what it takes for a surgery, which is why the voodoo doll maker will never make the same amount as a surgeon, you moron.
When your conclusions stop making sense, challenge your premises. You assume that US debt is risk free and that Cisco stock will tank and that Cisco will have to pay the debt back. Let's examine these assumptions.
You base your assumption that US debt is risk free on the GDP and CPI and other inflation numbers provided to you by the helping hand of the government and some non-government organizations that rate debt (like Moody's, Standard & Poor's, Fitch) but the licenses that these rating agencies hold depend on government allowing these companies to rate sovereign debt (and especially USA debt).
A while back we already talked about another rating agency, that had its license to rate US bonds suspended by the government for providing a junk bond rating to the US bonds, Egan Jones. Egan Jones is paid to rate securities by buyers of securities, while Moody's and such are paid by the issuers of securities. So there is first of all huge bias and secondly the entire business model of the rating agencies requires that they do not rate US bonds anything but 'risk free', but in reality US bonds are junk, I talked about it too.
The other assumption is that Cisco stock will tank, well, if Cisco is using the borrowed money to consolidate its stock (buy it for itself) then it doesn't have to tank, it actually is going to grow in value relative to the US dollars. With the layoffs, the US operations will be much cheaper for Cisco, US workers are extremely expensive given all of the government labor laws, 'anti-discrimination' laws, taxes and all other regulations.
Finally will Cisco have to pay back the cost of borrowing? Sure, but they do have money off-shore they can use, after all, that's how they are securing these loans. Secondly, they borrow in US dollars and that currency is being devalued on a daily basis. The Fed is making sure that inflation will wipe out Cisco's debt in real terms, and since the interest rates are very low, it won't be much of that they will have to pay back in nominal terms either.
AFAIC Cisco stock is more valuable than sovereign USA bond market. Bonds are a promise to pay US dollars in the future, and AFAIC the dollars are being destroyed, so dollars in the future are also destroyed. The only reason it didn't collapse yet is people like China are not dumping their entire position yet, but they are hedging by buying and mining more and more gold.
Like I said, companies are borrowing in the USA from money supply inflated by the Fed using their foreign reserves that companies earned and are holding abroad as collateral in order to consolidate ownership and try and beat inflation. The money is borrowed at very low rate of interest due to money not coming from any savings but being brought into existance with Jannet Yellen's magic touch. This is absolutely rational behavior, since the Fed wants to inflate asset bubbles and provides existing large companies with the cash to do it, people do it.
Of-course this misallocation of resources is destroying the dollar, preventing people from making any interest on savings and inflating savings away, which is why senior citizens are working again, in this economy those who want to work are laid off and those who want to retire cannot.
It's a good thing that those billion year old laws of gravity were still at play, when you fell of your chair, you didn't hit the ceiling and didn't go out of the window.
Pretending that laws that govern nature do not work will not work out well, if you pretend that gravity is too old of an idea to work, why don't you step out of your window? I mean all the way down, every second that you didn't hit the ground yet you may still be under impression that you are correct and gravity isn't there.
Denying the normal laws of economics is no different. You can pretend that by denying normal economics and applying your Keynesian nonsense you are flying, but you are only flying until you hit the ground and it will be too late to realize that jut like gravity, capitalist free market economic principles don't go anywhere, they never stop applying and they will bring you back to reality in a short order.
"Not liking" federal government is one thing, having the contract between the federal government and the States (Constitution) broken by the federal government is another thing altogether. The federal government broke the contract long time ago, all States SHOULD secede. If the current powers of the feds were in the original Constitution NOT A SINGLE STATE WOULD HAVE JOINED IN to be ruled by this insane oppressive regime.
EU is nothing like the original USA, USA was built on the promise of individual freedom, freedom from government, not a gigantic all consuming socialist/fascist welfare state.
In a normal free market environment I would simply say let the market sort them out, this is war, there can be no rules as long as the government does not participate in any of it. The ones with the deepest pockets will win, which is correct from the perspective of the market rewarding some of them more than others.
Of-course the participation of government completely skews the picture, the Federal reserve is creating so much inflation that all this newly created cash has to go somewhere, so it goes into the stock market and the financing and IPOs for companies that would not get financing in a normal market environment but they are getting it now, because there is no yield anywhere due to government depressed interest rates. My point is that there are all these asset, bond, dollar bubbles that are going to implode in a terrible way, you don't know what will happen to any of these companies at that time except that it won't be pretty for the entire economy.
(as a side note, just observed some
People have the right to decide for themselves what to buy and consume. USA cannot even have sunscreen that wasn't designed before 1998, and while the rest of the world is enjoying uva and uvb protection that lasts the entire day, Americans have skin cancer epidemic all while FDA is expecting sun screen manufacturers "to prove efficacy". Talk about crazy idiots and their online sympathisers.