On Nov 1, 10:41 am, "Mike Schilling" <mscottschill...@hotmail.com> wrote:
> DouhetSukd wrote:
> > Empirically, how many corporations in the real world act in a really > > psychopathic manner?
> In the area I'm most familiar with, the really successful ones, > e.g.Microsoft, Oracle, and Computer Associates.
Really? I've worked for one of them and they weren't all that psychopathic when they laid me off. In fact, they were rather nice about it.
With all 3, I guess your definition of "psychopathic" has a significantly lower threshold than mine ;-)
I was generally in favor of enforced divestment in the case of Microsoft's monopoly investigation some years back. But even that would have been difficult to carry off because of the inherent network effects in the Office/Windoze stacks.
On Nov 1, 10:11 am, David Johnston <da...@block.net> wrote:
> When a company is state-owned, what is the outside party which will > regulate it?
My point exactly. You need a triptych of powers. The voters, the companies, the government. The voters' choices should not be hindered by lobbyist influence and money. And the government should have no vested interests in any company, unions, and especially industry, that would color their enforcement of regulations deemed to be of obvious public interest. The companies should be free to make money, as long as they did not break the law, but they should not be allowed to influence the government.
This, I think, is more of a call to governmental reform than removing corporations. In Canada, Stephen Harper originally wanted to disallow political contributions by unions and corporations. Sadly, that has dropped out of the party platform.
> DouhetSukd wrote: > > On Nov 1, 10:41 am, "Mike Schilling" <mscottschill...@hotmail.com> > > wrote: > >> DouhetSukd wrote:
> >>> Empirically, how many corporations in the real world act in a > >>> really > >>> psychopathic manner?
> >> In the area I'm most familiar with, the really successful ones, > >> e.g.Microsoft, Oracle, and Computer Associates.
> > Really? I've worked for one of them and they weren't all that > > psychopathic when they laid me off. In fact, they were rather nice > > about it.
> Have you ever tried to compete with either of the first two or been > acquired by the third?
Been acquired, and laid off later, by one of them, yes.
The first two compete against each other in certain markets so presumably they are in a competitive market on those segments.
Psychopathic in my book means knowingly causing actual direct harm to individuals. Not "mere" commercial market dysfunction as in M$'s case a few years back. That is a cause for regulation because of market failure, but it is not Union Carbide level behavior.
When I'll see an SF scenario attacking a company for causing market failure, I'll read it with interest, regardless of which political viewpoint it is written from. But how often do you see that in SF? Or any literature for that matter? Boring it would be, tied as it would be to the dismal science.
In article <e5552966-7714-4e15-b900-f017a2e5a...@e4g2000prn.googlegroups.com>, DouhetSukd <douhets...@gmail.com> said:
> First of all, a corporation is one type of ownership possible for > a for-profit entity. You may find state-owned companies, > operating within a highly regulated environment, run even with > even more callous disregard for the public. In fact, due to the > absence of competition, that situation may very be more likely > than given a competently regulated competitive market. Not to > mention that close links between regulators and companies, > especially likely given government-run companies are a recipe for > bad oversight.
Why do you believe that it is "especially" likely in those cases, compared to non-government-run companies? (See: every U.S. government regulator who didn't do much of anything to regulate the financial industry recently.)
> Second, the level of government oversight matters less than its > quality. Witness for example, Japan's Tokaimura nuclear accident > and its causes. Is Japan lightly regulated?
I thought I subsumed that in "very laissez-faire governments." What's written on paper is irrelevant if the government doesn't feel like forcing the relevant regulators to enforce it (or, in fact, actively discourage such enforcement because they hate hate hate the whole idea of government interference in the Sacred Free Market).
> Third, operating in a psychopathic manner may boost short term > profits but carries real risks, both legal and in terms of > customer perception. cf Japan, again, and Mitsubishi's defect > reporting scandal.
Ah, but would there have _been_ a scandal if they'd killed the right people at the right time?
> Ms. Moon at least has the subtlety to recognize that. In fact, > enforcing transparency is probably the best of type of regulations > a government can put in place.
And we're back top the problem of having a government that has both the strength and the desire to perform such enforcement.
> That and putting individuals in prison when they have been found > to have initiated illegal actions.
> Empirically, how many corporations in the real world act in a > really psychopathic manner? If the US is badly regulated as you > state then all the corps would by now be psychopathic, or else > they'd have gone bankrupt. Are you claiming that? Keep in mind > that there are thousands of corporations on the main US stock > markets.
In the U.S., there are usually better ways to make money; see "and when there isn't a greater profit to be made by playing nice and just renting government regulators and legislators." (And also by "Break the laws, pay piddling little fines when caught, repeat.")
[...]
> The US has a weak government? Lots of regulations far as I can > tell. Maybe not the right kind. And maybe your elected officials > need too much money to get elected to give lobbyists the disdain > they deserve?
That paragraph appears to start at "The U.S. has a strong regulatory structure in place" but be at "The U.S. doesn't have a strong regulatory structure in place" by the end.
>> When a company is state-owned, what is the outside party which >> will regulate it?
> My point exactly. You need a triptych of powers. The voters, the > companies, the government. The voters' choices should not be > hindered by lobbyist influence and money. And the government > should have no vested interests in any company, unions, and > especially industry, that would color their enforcement of > regulations deemed to be of obvious public interest. The > companies should be free to make money, as long as they did not > break the law, but they should not be allowed to influence the > government.
You're complaining about what you find in fiction stories when your entire philosophy on the subject is all built on "should" rather than what is?
In article <e5552966-7714-4e15-b900-f017a2e5a...@e4g2000prn.googlegroups.com>, DouhetSukd <douhets...@gmail.com> said:
> Empirically, how many corporations in the real world act in a > really psychopathic manner? If the US is badly regulated as you > state then all the corps would by now be psychopathic, or else > they'd have gone bankrupt. Are you claiming that? Keep in mind > that there are thousands of corporations on the main US stock > markets.
Wait a minute. I said sociopathic, you said psychopathic.
My definitions:
Sociopathic: coldly and rationally does what one considers necessary to one's own advancement and profit.
Psychopathic: like sociopathic but also at least ten percent deranged. Very poor impulse control, bad at thinking fully about likely consequences of one's actions, also bad at understanding people and interpreting their actions. "I didn't like the way he was looking at me, so I stuck him."
In article <proto-6FDD39.11415601112...@news.panix.com>, Walter Bushell <pr...@panix.com> said:
> But fiction has to be plausible. Wait, no. I follow a poster on > another group who dissects "Miami Vice" which seems to delight in > violation the laws not only of physics but logic as well.
William December Starr wrote: > In article <proto-6FDD39.11415601112...@news.panix.com>, > Walter Bushell <pr...@panix.com> said:
>> But fiction has to be plausible. Wait, no. I follow a poster on >> another group who dissects "Miami Vice" which seems to delight in >> violation the laws not only of physics but logic as well.
> You mean "CSI Miami." YEAAAAAAAAAAAAAAAH!!!!
Horatio Caine is cool enough so that physics and logic will follow HIS lead.
On Nov 1, 3:48 pm, wdst...@panix.com (William December Starr) wrote:
> Wait a minute. I said sociopathic, you said psychopathic.
> My definitions:
(Sheepish) You are entirely correct, sir. Sloppy choice of words on my part, I meant sociopathic.
Re. the rest.
I think we can safely agree to disagree. I don't entirely disagree with you either - effective regulation is one of the prime justifications for governments.
But my point is mostly that, the stereotypical _sociopathic_ corporation behavior in SF might sell well to most of its audience. It remains an entirely unsatisfactory set of cardboard characters for me.
I will leave you with one thought re. regulations. Be careful what you wish for. Ten years ago, most people would have agreed with the statement that "it sucks that banks don't loan money to poor people". Now all they can do is complain how banks should have been regulated not to give mortgages to poor customers.
Bankers, borrowers and yes, bank shareholders have all had their part to play in this charade. The next crisis will be different and, unless people understand that easy money is risky money no matter what the spreadsheets say, they will get bitten again because we will be regulating the last crisis.
> I will leave you with one thought re. regulations. Be careful what > you wish for. Ten years ago, most people would have agreed with the > statement that "it sucks that banks don't loan money to poor > people". > Now all they can do is complain how banks should have been regulated > not to give mortgages to poor customers.
That is, not to write mortgages to people who won't be able to make the payments on them, and then use accounting hocus-pocus to make the resulting crap look valuable. I don't think that ten years ago or at any other time people were clamoring for more fraud.
<douhets...@gmail.com> wrote: >On Nov 1, 3:48 pm, wdst...@panix.com (William December Starr) wrote:
>> Wait a minute. I said sociopathic, you said psychopathic.
>> My definitions:
>(Sheepish) You are entirely correct, sir. Sloppy choice of words on >my part, I meant sociopathic.
>Re. the rest.
>I think we can safely agree to disagree. I don't entirely disagree >with you either - effective regulation is one of the prime >justifications for governments.
>But my point is mostly that, the stereotypical _sociopathic_ >corporation behavior in SF might sell well to most of its audience. >It remains an entirely unsatisfactory set of cardboard characters for >me.
>I will leave you with one thought re. regulations. Be careful what >you wish for. Ten years ago, most people would have agreed with the >statement that "it sucks that banks don't loan money to poor people". >Now all they can do is complain how banks should have been regulated >not to give mortgages to poor customers.
That's bunk. What they should have been regulated not to do, was offer floating mortgages. They were a recipe for default.
DouhetSukd wrote: > On Nov 1, 3:48 pm, wdst...@panix.com (William December Starr) wrote:
>> Wait a minute. I said sociopathic, you said psychopathic.
>> My definitions:
> (Sheepish) You are entirely correct, sir. Sloppy choice of words on > my part, I meant sociopathic.
> Re. the rest.
> I think we can safely agree to disagree. I don't entirely disagree > with you either - effective regulation is one of the prime > justifications for governments.
> But my point is mostly that, the stereotypical _sociopathic_ > corporation behavior in SF might sell well to most of its audience. > It remains an entirely unsatisfactory set of cardboard characters for > me.
> I will leave you with one thought re. regulations. Be careful what > you wish for. Ten years ago, most people would have agreed with the > statement that "it sucks that banks don't loan money to poor people". > Now all they can do is complain how banks should have been regulated > not to give mortgages to poor customers.
On the other hand, we are talking about leaving control with the company directors who agreed to this - the same people who, after receiving huge sums of taxpayers' money to bail them out, paid a large part of it to themselves as bonuses, presumably for making such poor decisions.
> > I will leave you with one thought re. regulations. > > Be careful what you wish for. Ten years ago, most > > people would have agreed with the statement that "it > > sucks that banks don't loan money to poor people". > > Now all they can do is complain how banks should > > have been regulated not to give mortgages to poor > > customers. > On the other hand, we are talking about leaving > control with the company directors who agreed to this
They agreed to this under threat by regulators.
The regulators enabled badly run banks, in particular Washington Mutual, to take over well run banks, thereby punishing fiscally correct lending, rewarding politically correct lending, and getting rid of dangerously competent bankers. Bankers lost their jobs for their refusal to run their banks into the ground.
Further, who lost the most money? Whose is the biggest bailout:
Fannie and Freddy, government created corporations whose executives are appointed by congress, were the biggest losers, and the next in line is Washington Mutual, a tiny bank swollen to gigantic size by the regulators using it to mop up uncooperative bankers.
On Nov 1, 9:37 pm, David Johnston <da...@block.net> wrote:
> That's bunk. What they should have been regulated not to do, was > offer floating mortgages. They were a recipe for default.
Certainly a common opinion and quite true at that.
Consider this though: Europe (except for Germany) and Canada both have also had very large increases in the price of houses over the last 8-9 years. Much higher increases in fact than the US, at a national level, in some countries (no, not just Ireland and Spain). This happened despite the absence of the US exotic loan menagerie you cite.
Take a look around - economics and civilization strangely enough do not entirely end at the US borders . I know, I know, the French struggle with that concept as well, which is why you dislike each other.
When something goes up that much in price, it looks mighty bubbly to me.
Time will tell what buying what could turn out to be highly overpriced houses will mean to the middle class families who have done so.
If it turns out to be millstones around their necks, there will again be calls to regulate. That and funneling prudent taxpayer money at other imprudent taxpayers' debts.
But regulate what, exactly?
Excessive optimism by the buyers? I don't mind regulation if there is a compelling logic behind the regulation. In the case of floating loans, yes, I would agree to severely limiting them - they serve little purpose and can be disastrous.
But they are only part of the picture - basically we went on a planetary house buying binge after the dot com crash. That's hard to control. Except that the interest rates were probably kept too low too long in order to avoid any recessionary pain in 2000-2001. Which was excessive government intervention.
Oh, and I definitely would not mind regulating executive bonuses. Giving the stockholders better rights to veto remuneration plans would be a start, though stockholders typically don't do much in practice. 5-10 M$ per year ought to be enough for almost any _employee_, boss or not.
Anyway, we are still NOT at SF-level evil corporations in all this :-) Chaotic Neutral, at best.
In article <1a1ef0c1-90ee-44de-9184-ba0f350ff...@j9g2000prh.googlegroups.com>, DouhetSukd <douhets...@gmail.com> said:
> I will leave you with one thought re. regulations. Be careful > what you wish for. Ten years ago, most people would have agreed > with the statement that "it sucks that banks don't loan money to > poor people". Now all they can do is complain how banks should > have been regulated not to give mortgages to poor customers.
Not really. That's _one_ component of the complaints of people who (1) have followed the details of the current crisis and (2) aren't liars trying to spread the lie that the whole thing was caused by banks having to lend to poor people.
> Bankers, borrowers and yes, bank shareholders have all had their > part to play in this charade.
But mostly bankers. That's why it makes so much sense for Barack Obama to put bankers and bankers' servants in charge of trying to get us out of the mess. </sarcasm>
> The next crisis will be different and, unless people understand > that easy money is risky money no matter what the spreadsheets > say, they will get bitten again because we will be regulating the > last crisis.
_Which_ people, and risky to whom? Very few of the people who engineered the mess are in danger of starvation or homelessness today.
>> The next crisis will be different and, unless people understand >> that easy money is risky money no matter what the spreadsheets >> say, they will get bitten again because we will be regulating the >> last crisis.
> _Which_ people, and risky to whom? Very few of the people who > engineered the mess are in danger of starvation or homelessness > today.
Many are far less rich than they once were, and seem to think that they deserve sympathy for that.
On Nov 2, 9:03 pm, DouhetSukd <douhets...@gmail.com> wrote:
> But regulate what, exactly?
> Excessive optimism by the buyers?
Just fix things so that people who have real jobs making real things of value are not affected by the vagaries of the stock market. It might crash, but the government will take action to ensure that a stock market crash only affects people who play the stock market - zero layoffs in the auto factories or the steel mills, zero reduction in demand for the products of the nation's farms, and so on and so forth.
Of course, there will be some transitions due to technical advancement; that, unlike stock market speculation, is genuinely beneficial, but in such cases, the government will attempt to smooth the transition so that those affected aren't losing their union seniority or working at lower pay.
On 3 Nov 2009 03:35:46 -0500, wdst...@panix.com (William December
Starr) wrote: > Not really. That's _one_ component of the complaints of people who > (1) have followed the details of the current crisis and (2) aren't > liars trying to spread the lie that the whole thing was caused by > banks having to lend to poor people.
If the crisis was caused by something other than political lending, how come the largest losses are in Fannie, Freddy, and the FHA - the organizations whose lending was most directly regulatory and political, and the biggest banking disaster after that lot was Washington Mutual, the most politically correct and politically active of the banks?
DouhetSukd wrote: > Anyway, we are still NOT at SF-level evil corporations in all > this :-) Chaotic Neutral, at best.
I'm sure you are correct with regard to what they do in "our" countries, but every now and then word escapes about goings on in remote, poorer regions.
There seems little doubt that people really are killed just to get them out of a logging, mining or other lucrative site - whether it is done directly by western corporations is another matter, of course; it may be a question of overzealous underlings following the "Will no one rid me of this troublesome priest?" syndrome. There are a lot of things that happen in Papua-New Guinea or the Congo, for example, that never make our headlines - yesterday, I heard of people being beaten to death in the Amazon basin to make room for soy bean production. --
William December Starr wrote: > _Which_ people, and risky to whom? Very few of the people who > engineered the mess are in danger of starvation or homelessness > today.
I was reading an article in my local paper about yet another business leader being paid a huge bonus, apparently for losing money. The article suggested she deserved this because she was taking large risks - I nearly fell on the floor laughing: people get paid enormous sums for gambling with other people's money? If it were their own money, I might be able to see the point.