October 8, 2008
Its the stupid economy (633)
Back in 1992, it was the “economy, stupid”, but here in the future, its the stupid economy.
The economy is stupid because it has been built on credit, not actual assets. That’s stupid and its no wonder its tanking now.
The people running big business are stupid too, for letting things get to this unbelievable state.
But worst of all are the collective governments dumping tax money into private companies to bail them out. That, my friends is the wrong answer yet everyone is still wondering why the stock markets continue to drop.
Simple, investor confidence is non-existent. How could it be anything else, when governments are rewarding badly run firms with bailouts. That’s not how business works and investors won’t respect it.
CEOs and MDs are used to making difficult and painful decisions, that’s why they make the big bucks. They don’t hesitate to decide to cut 10 or 20% of their workforce, if it makes their companies more profitable in the longer term and screw the poor saps who lose their jobs. Life is tough. I don’t think this is a good thing, I just think it is a true thing.
So these tough, hard-assed managers are used to executing painful edicts for the good of their firms and they’re not accustom to throwing good money away. When a government throws good money away, it worries everyone.
That’s what all this bailout bullshit is, just plain throwing good money away. It’s not going to save any regular folks, its not going to prevent the stock market from plunging and in the long term, its not going to prevent any of these poorly run companies from going under.
Its not going to do anything except make things worse.
They should have let all of these poorly run, badly managed, shitty companies falter. Economic Darwinism and survival of the financially fittest would have been the sensible response. That would have probably resulted in the complete restructuring of the world’s economies into something sustainable and workable. Most of all, it would have sent the right message and let the captalist-pig world know that if you fuck up, you lose.
And then we wouldn’t all be fucked.
Except me, I’m not fucked. I’ve been gathering shells, beads and berries. I reckon I’ll be able to trade them for weed and junk food when the time comes. That’s all I really need to survive.
Don’t throw away all those bills and bank notes just yet, though, as they’ll still be useful as toilet paper.
Filed under Bad experiences, Politics, consumerism, current events, philosophy, society by thehippy




