Paphitis wrote:Tim Drayton wrote:Paphitis wrote:Tim Drayton wrote:Things are not as they seem. If I pooled all my assets, I still could not buy one-millionth of Exon Mobil's market cap. This gives me no clout. The fact remains that wealth is becoming concentrated in an ever smaller number of hands, and these people control everything behind the scenes. The free market is an illusion when a tiny number of super-rich and super-powerful people are pulling all the strings and controlling the flow of information and can manipulate everything to their advantage.
I couldn't buy 1 millionth of Exon Mobil either. And of course we have no clout. Someone that owns 1% will have a million times more clout than the 2 of us.
That is just the way they want it too.
But they can't pull the strings that easily. They still need to put their case forward and other little guys like us can cast their ballot.
At the end of the day, you wouldn't want someone who has no idea with a great deal of clout within Exon Mobil.
We must remember the words of warning about the ‘military-industrial complex’ uttered by Dwight D. Eisenhower on January 17, 1961:In the councils of government, we must guard against the acquisition of unwarranted influence, whether sought or unsought, by the military-industrial complex. The potential for the disastrous rise of misplaced power exists and will persist. We must never let the weight of this combination endanger our liberties or democratic processes. We should take nothing for granted. Only an alert and knowledgeable citizenry can compel the proper meshing of the huge industrial and military machinery of defense with our peaceful methods and goals, so that security and liberty may prosper together.
and the assassination of John F. Kennedy on November 22, 1963, to realise that, while the president of the USA has a degree of latitude, s/he is essentially a servant of the US, and increasingly, global ruling class.
That’s how things seem to me and this is why I am in the diagonally opposite box from you, I suppose.
I suppose that is one way of looking at things.
There is no doubt in my mind that the real ruling classes are the super wealthy. But we seem happy to piggy back them at the same time.
For instance, if you bought shares in news Limited, you're piggy backing on Rupert Murdock and you do it perhaps because you think you will make a profit and in the process he raises the capital to expand his media empire even more.
Sometimes I think he is more powerful than the President of the USA. Let's face it. he can just about elect the next president on his own.
Many would say that he gets to pick the British prime-minister, too.
Strewth. Look at that lot:
http://en.wikipedia.org/wiki/List_of_as ... _News_Corp
He controls Papua New Guinea, too!