Finance Is Ruining America

[Banjo]

In Greenwich, Darien, and New Canaan, Connecticut, bankers are earning astonishing amounts. Does that have anything to do with the poverty in Bridgeport, just a few exits away?

http://www.theatlantic.com/business/archive/2016/09/fairfield-county/501215/

 

[Humpy]

The only thing capitalism cares about is more and more money regardless of who suffers. The Trumps and Clintons get rich and hog it to themselves, the poor get lies, broken promises and abuse.
The trillion dollar health industry is a prime example. The pharmaceutical firms don't want to completely cure people because that means they would sell less pills and potions. With financial incentives they corrupt the medical profession to sell the drugs that give them the biggest hand-outs. Judas would be proud of them.

 

[qxr1011]

 

[d08]

Quite amazing how in America, beautiful sturdy buildings are laying around abandoned. Why not convert them to living spaces like is often done in Europe?

 

[qxr1011]

Quite amazing how in America, beautiful sturdy buildings are laying around abandoned. Why not convert them to living spaces like is often done in Europe?

who is going to do that?

if somebody thinks it will be profitable , he will convert, if not - not

 

[Banjo]

Great video. I'm firmly on his page.

 

[Xela]

Quite amazing how in America, beautiful sturdy buildings are laying around abandoned. Why not convert them to living spaces like is often done in Europe?

I hear you, and ask myself the same question over here (because that happens quite a bit in Europe, too) ... the answer generally offered (e.g. by property developers, civil servants and relevant quasi-autonomous non-governmental organisations) is that because of their antiquated structures etc., the refurbishment costs for such buildings to be brought into habitable condition do actually often far outweigh the equivalent accommodation newbuild costs. I'm "just saying" ...

 

[birzos]

who is going to do that?

if somebody thinks it will be profitable , he will convert, if not - not

Because 'doing the right thing' can be profitable but being profitable is not 'doing the right thing'!

 

[lawrence-lugar]

Finance, or the markets, is not a pretty game -- there'll always be casualties. You have winners and losers...but way too many losers.
As can every boom and bust cycle can attest to.

It's trench warfare out there, pal -- to quote Gordon Gekko.
This is not an idealistic society, but a realistic society

 

[qxr1011]

Great video. I'm firmly on his page.

here is another one for you