I watched a documentary on Bernie Madoff last year and never figured out what the bad thing was that he did. Like yes obviously it’s bad when people lose their life savings, but why was it illegal the way Madoff did it and not illegal when it’s someone else? Who chooses when it’s a Ponzi scheme and when it’s the invisible hand of the market? For that matter, when is a bank a legitimate bank and not a ponzi scheme?
In capitalism, a scam is when a poor person does it. If a rich person does it, thats called innovative strategy. (Not joking)
In my opinion as a clerk, banks are always scams. Why the fuck would someone want to store their money somewhere in the first place except for electronic transfer (which also is a scam in its implementation).
There was the concept of cheques. If you hand someone a cheque you better make sure the money is there when the person liquidates the cheque. Honestly, cash would have been better and more honest.
Anyway, I think it will all get better when we implement council governance and decapitate the capitalist systems.
That’s the weird thing about the Madoff example. He wasn’t poor, and was very well respected on Wall Street.
It’s always the same mechanic. If a rich person gets persecuted, it is because the system needs to appear legit. Or they are trying to suppress something else. Today I learned the term “boomer truth regime” which I will be trying to further research since it sounds pretty much like the issue a lot of us are facing atm.
I watched a documentary on Bernie Madoff last year and never figured out what the bad thing was that he did. Like yes obviously it’s bad when people lose their life savings, but why was it illegal the way Madoff did it and not illegal when it’s someone else? Who chooses when it’s a Ponzi scheme and when it’s the invisible hand of the market? For that matter, when is a bank a legitimate bank and not a ponzi scheme?
Do you mean actually or for the westoids?
In capitalism, a scam is when a poor person does it. If a rich person does it, thats called innovative strategy. (Not joking)
In my opinion as a clerk, banks are always scams. Why the fuck would someone want to store their money somewhere in the first place except for electronic transfer (which also is a scam in its implementation).
There was the concept of cheques. If you hand someone a cheque you better make sure the money is there when the person liquidates the cheque. Honestly, cash would have been better and more honest.
Anyway, I think it will all get better when we implement council governance and decapitate the capitalist systems.
I mean actually. But sometimes hearing westoid cope is also fun, cause they’d come to the same questions if they just thought for a minute.
That’s the weird thing about the Madoff example. He wasn’t poor, and was very well respected on Wall Street.
It’s always the same mechanic. If a rich person gets persecuted, it is because the system needs to appear legit. Or they are trying to suppress something else. Today I learned the term “boomer truth regime” which I will be trying to further research since it sounds pretty much like the issue a lot of us are facing atm.
slightly related, but the big flag that the stock market is just a casino is that using the best strategy to “win” (insider trading) is illegal
Illegal but only sparingly enforced.