The Best Cyprus Community

Skip to content


What is Capitalism?

Everything related to politics in Cyprus and the rest of the world.

Re: What is Capitalism?

Postby Lordo » Tue Feb 07, 2023 12:56 am

What does it mean to make 1 billion dollars of wealth or even 1 Trillion? What does it get you?
Does it give you happiness?
I have some keys to heaven if you are interested, very cheap.

British man who scooped £161 million on the EuroMillions - Europe's second largest jackpot - burned through almost £100,000 a week, new documents claim. Colin Weir and wife Christine won the jackpot in 2011.

At the time it was the single biggest EuroMillions win. Although that was surpassed in 2019 when an unnamed player in Italy scooped a £193 million win.

By the time Colin, from Scotland, died in 2019, aged 71, his share of the cash was £40 million. Speaking to the Daily Record, one financial expert said: "Spending £40million in eight years takes a bit of doing.”

I wonder if that's what killed him.
Last edited by Lordo on Tue Feb 07, 2023 12:59 am, edited 1 time in total.
User avatar
Lordo
Leading Contributor
Leading Contributor
 
Posts: 21823
Joined: Wed Oct 05, 2011 2:13 pm
Location: From the river to the sea, Palestine will be free. Walk on Swine walk on

Re: What is Capitalism?

Postby Paphitis » Tue Feb 07, 2023 12:57 am

Lordo wrote:What does it mean to make 1 billion dollars of wealth or even 1 Trillion? What does it get you?
Does it give you happiness?
I have some keys to heaven if you are interested, very cheap.

British man who scooper £161 million on the EuroMillions - Europe's second largest jackpot - burned through almost £100,000 a week, new documents claim. Colin Weir and wife Christine won the jackpot in 2011.

At the time it was the single biggest EuroMillions win. Although that was surpassed in 2019 when an unnamed player in Italy scooped a £193 million win.

By the time Colin, from Scotland, died in 2019, aged 71, his share of the cash was £40 million. Speaking to the Daily Record, one financial expert said: "Spending £40million in eight years takes a bit of doing.”

I wonder if that's what killed him.


It gets you to space. And buys you a Lithium Battery Complex and Tesla factory.

Just ask Elon.
User avatar
Paphitis
Leading Contributor
Leading Contributor
 
Posts: 32303
Joined: Sun May 21, 2006 2:06 pm

Re: What is Capitalism?

Postby Lordo » Tue Feb 07, 2023 1:04 am

A Sherpa once asked a climber of Everest, why he felt the need to climb this mountain especially as there is a lot of risk involved and people die climbing it as well as lose limbs etc.

The climber replied "because it is there".

The Sherpa shrugged his shoulder and simply said "You must have a very empty life".
User avatar
Lordo
Leading Contributor
Leading Contributor
 
Posts: 21823
Joined: Wed Oct 05, 2011 2:13 pm
Location: From the river to the sea, Palestine will be free. Walk on Swine walk on

Re: What is Capitalism?

Postby Paphitis » Tue Feb 07, 2023 1:06 am

Lordo wrote:A Sherpa once asked a climber of Everest, why he felt the need to climb this mountain especially as there is a lot of risk involved and people die climbing it as well as lose limbs etc.

The climber replied "because it is there".

The Sherpa shrugged his shoulder and simply said "You must have a very empty life".


But the fact still remains, if it wasn't for wealthy people like Bezos, Musk, Gates, et al, USA would be a dead beat like Ruzzia is.

These people are rich because they are innovators and have offered something to that people either need, want or desire. Nothing fell in their laps.
User avatar
Paphitis
Leading Contributor
Leading Contributor
 
Posts: 32303
Joined: Sun May 21, 2006 2:06 pm

Re: What is Capitalism?

Postby Lordo » Tue Feb 07, 2023 1:18 am

What did Bezos innovate or Musk for that matter? Paying your workers peanuts and making billions is not innovation.

When you look at the achievements of:
Frank Whittle
Scientists in American Department of Defence and UCLA.
Tim Burners Lee
Alexander Fleming
Prof Sarah Gilbert
Wernher von Braun

Now these people will go down in history for the rest of time. That is real wealth.
User avatar
Lordo
Leading Contributor
Leading Contributor
 
Posts: 21823
Joined: Wed Oct 05, 2011 2:13 pm
Location: From the river to the sea, Palestine will be free. Walk on Swine walk on

Re: What is Capitalism?

Postby Lordo » Tue Feb 07, 2023 10:36 am

How does a corporation make 40 Billion profit without investing anything more just from the valuation of the market or even lose 100 billion using the same market system. Who what is exactly is the market?

Clearly the market is not working. It has never worked because while the population cannot control demand as they cannot act as one the corporations can control supply as they can act as one. And they do all the time despite the fact that it is not legal to do so.

Add to that while the working man are suffering with the highest cost of living crisis they energy companies are making billions just goes to show this is legal transfer of money from the poorest to the richest and all legally done. Just like the Enclosure Laws when the government of the day threw the people off the common land and gave it to their own kind.
User avatar
Lordo
Leading Contributor
Leading Contributor
 
Posts: 21823
Joined: Wed Oct 05, 2011 2:13 pm
Location: From the river to the sea, Palestine will be free. Walk on Swine walk on

Re: What is Capitalism?

Postby Paphitis » Tue Feb 07, 2023 11:39 pm

Lordo wrote:What did Bezos innovate or Musk for that matter? Paying your workers peanuts and making billions is not innovation.

When you look at the achievements of:
Frank Whittle
Scientists in American Department of Defence and UCLA.
Tim Burners Lee
Alexander Fleming
Prof Sarah Gilbert
Wernher von Braun

Now these people will go down in history for the rest of time. That is real wealth.


And since when did any Government mass produce anything with success? Never.

Even the Defence Industries are all private.

For instance, the US Government isn't going to start a manufacturing plant to build Teslas and manufacture Lithium Battery packs for instance.

And actually, working for the auto industry is actually quite well paid and desirable for people of all walks of life, from Engineers, Techs right down to janitors and assembly line workers.

And if you are a Janitor, the company doesn't need to pay you more than what you are worth and an Engineer is always going to be worth a lot more, get paid more and a Janitor or Packager at Amazon worth less. But it is still a good place to work if that is all you are qualified for and much better place to work than it is in your Kebab Shop and no way in hell do you pay your workers more than anyone in Amazon, or Tesla which are governed by US Industrial Relations.
User avatar
Paphitis
Leading Contributor
Leading Contributor
 
Posts: 32303
Joined: Sun May 21, 2006 2:06 pm

Re: What is Capitalism?

Postby boomerang » Wed Feb 08, 2023 6:12 am

what is capitalism?..just to put it simply...it's the USA running a giant ponzi scheme with a fancy name, "capitalsm"...
User avatar
boomerang
Main Contributor
Main Contributor
 
Posts: 7337
Joined: Sat May 14, 2005 5:56 am

Re: What is Capitalism?

Postby Lordo » Wed Feb 08, 2023 10:54 pm

Paphitis wrote:
Lordo wrote:What did Bezos innovate or Musk for that matter? Paying your workers peanuts and making billions is not innovation.

When you look at the achievements of:
Frank Whittle
Scientists in American Department of Defence and UCLA.
Tim Burners Lee
Alexander Fleming
Prof Sarah Gilbert
Wernher von Braun

Now these people will go down in history for the rest of time. That is real wealth.


And since when did any Government mass produce anything with success? Never.

Even the Defence Industries are all private.

For instance, the US Government isn't going to start a manufacturing plant to build Teslas and manufacture Lithium Battery packs for instance.

And actually, working for the auto industry is actually quite well paid and desirable for people of all walks of life, from Engineers, Techs right down to janitors and assembly line workers.

And if you are a Janitor, the company doesn't need to pay you more than what you are worth and an Engineer is always going to be worth a lot more, get paid more and a Janitor or Packager at Amazon worth less. But it is still a good place to work if that is all you are qualified for and much better place to work than it is in your Kebab Shop and no way in hell do you pay your workers more than anyone in Amazon, or Tesla which are governed by US Industrial Relations.

Who the hell said everybody should get paid the same you stupid cunt. He does not pay a living wage and uses zero hour contracts which means there are people that work for him cannot afford food.

But Musk takes the fuckin piss. He bought a company and fired half the workforce. I mean how can anybody not idolise the cunt.

Innovation my left foot. He could not innovate to wipe his ass. This is innovation and it takes place at a universities.

https://uk.news.yahoo.com/scientists-university-sussex-incredible-quantum-161600747.html
User avatar
Lordo
Leading Contributor
Leading Contributor
 
Posts: 21823
Joined: Wed Oct 05, 2011 2:13 pm
Location: From the river to the sea, Palestine will be free. Walk on Swine walk on

Re: What is Capitalism?

Postby Lordo » Thu Feb 16, 2023 10:27 pm

It seems corruption is actually the foundation capitalism is built on

I will start with America. Here is a very interesting list

https://en.wikipedia.org/wiki/List_of_United_States_federal_officials_convicted_of_corruption_offenses
User avatar
Lordo
Leading Contributor
Leading Contributor
 
Posts: 21823
Joined: Wed Oct 05, 2011 2:13 pm
Location: From the river to the sea, Palestine will be free. Walk on Swine walk on

PreviousNext

Return to Politics and Elections

Who is online

Users browsing this forum: No registered users and 0 guests