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Comments on: More Agitprop https://whynow.dumka.us/2011/10/08/more-agitprop-6/ On-line Opinion Magazine...OK, it's a blog Sun, 09 Oct 2011 17:35:31 +0000 hourly 1 https://wordpress.org/?v=6.4.3 By: Bryan https://whynow.dumka.us/2011/10/08/more-agitprop-6/comment-page-1/#comment-57993 Sun, 09 Oct 2011 17:35:31 +0000 http://whynow.dumka.us/?p=23195#comment-57993 Most people don’t understand that the main purpose of an IPO is to pay off the venture capitalists. The amount of money from stock sales that is actually involved in any real investments is miniscule.

Visa and Mastercard have financed more new businesses than the NYSE, but people who have never started a business don’t know that. Most people finance themselves with savings or selling their assets. By the time the stock market is involved, the business is already a success.

Venture capitalists are vultures, but they actually risk something, which is more than be said for Wall Street. They don’t hide what they do, but you need you own lawyer when dealing with them.

]]> By: Badtux https://whynow.dumka.us/2011/10/08/more-agitprop-6/comment-page-1/#comment-57992 Sun, 09 Oct 2011 15:52:43 +0000 http://whynow.dumka.us/?p=23195#comment-57992 Yah, Wall Street is the most successful scam in human history. Wealth is *stuff* — goods and services — but Wall Street has convinced a whole lot of people that wealth is pieces of toilet paper with pictures of dead people on it and that the way to be wealthy is to have a lot of that toilet paper. Which, conveniently, their job is to move from point A to point B while letting a lot of it stick to their own fingers. Wall Street produces nothing, consumes very little, actually contributes very little to the economy other than that small service of moving money from point A to point B (something just as doable by a high school dropout security guard thanks to modern computers), yet has somehow convinced a significant number of people that they — who produce nothing — are the “producers”, and that the people who actually produce *stuff* are the “parasites, moochers, and looters”. It is to laugh.

But it seems that there’s a never-ending supply of people willing to make excuses for giant mega-corporations behaving in immoral and unethical manner. It’s as if we have national Stockholm syndrome, where we feel compelled to suck up to and defend the people who are holding us hostage. Huh. What a world.

– Badtux the Baffled Penguin

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