Tag: Adam Smith

Harnessing the Devil so Lazarus Lives.

Adam Smith’s capitalism is as different from Mitt Romney’s as a robin is from a buzzard.

Understand please that humans throw around terminology that has dubious relation to reality but how might one not be able to distinguish a small greedy street peddler struggling for survival with a giant corporation raiding other giants for all their cash and readily salable assets, loading it up with debt to further enrich the plunderers and then shipping the pitiful remains to China or other poor countries where they may survive only through the use of even child or slave labor?

The latter tend to represent socialism (in its true sense) more than anything remotely resembling the theories of Adam Smith.  Europe’s prosperous northern tier of “socialist” countries are not socialist at all in any meaningful sense such as the kibbutzim of early Israel that produced wealth but weighed too heavily on the people to continue long.

It is hardly unknown for poisons to be utilized as medicine with beneficial effect.

As children we got into an old visiting doctor’s bag in a day when doctors made house calls.  I was startled even at a very tender age to find a container of strychnine used to poison coyotes by whipping up the heart beyond the limits of its ability.

The doctor explained that he was able to use the strychnine in what could be fatal doses for healthy people to sometimes revive a dying heart patient.

Vampire bat saliva has been used for strokes, proteins from the rabies virus may be more efficacious in smuggling drugs across the blood-brain barrier than Vitamin C.

Most all vaccines utilize a poison, an adjuvant, to alert and direct the immune system to vigorously attack a pathogen or even an internal enemy like cancer.

Prof. Yvonne Paterson spent decades experimenting with the often lethal Listeria bacterium as a vaccine adjuvant but Big Pharma shuddered in fright at the thought of giving deathly ill cancer patients (the primary target) with blasted immune systems a shot of Listeria, even in a weakened form.  Today they are far more interested in pushing conventional and junk branded medicine than in ultra-expensive risky research, let alone what Yvonne Patersonm had to offer.

Much smaller fry were not tempted either.

Then one courageous, daffy sort raised money from the most notorious of all financial predators with death spiral convertibles to run a Phase I trial and had blazing success IMO.  Of 13 patients, 2 had their widely metastasized cancers disappear without a trace.  

This was not the diabolical melanoma that seems capable of doing a disappearing act with most anything and then rapidly mutates and returns with a vengeance, meaner and more hurtful than ever.  It was cervical cancer that is easily cured in early stages but very aggressive and mostly impervious to any attack in later stages.

Then the company and the vaccine were dead again – a bled out corpse done in by the financial predator.

Then it was resuscitated with a ton of money and a mighty struggle by a tainted promoter and now it may well die again.  Angry shareholders who dreamed of a cornucopia of wealth quickly are mad, mad, mad and want to sue and want Big Pharma to buy what they didn’t want before and lawyers may be preparing for their favorite chase: ambulances.

This puny capitalist has pitched some pennies in the pot (literally pennies – I may be stupid but that doesn’t necessarily mean I am a fool).  I do love inventors and people doggedly pursuing their dreams and hate cancer.  

Maybe then after all, I am a fool as well.  I have seen Lazarus walk [not a dead Lazarus but a doomed Lazarus].  Probably would have been better had I not.

The very bad guys will probably win again Friday and Lazarus can remain safely in his grave.

Best,  Terry

Top Ten Reasons: NOT to Trust Wall Street

also posted on dkos

Wall Street is sick. And its illness is Unchecked Greed. … The bug is call OPM.

Their fever has risen so dangerously high, that the Wizards of Wall Street, the Captains of Industry, for the most part see your assets as their “playing chips”.

Your Money, is their Bread and Butter.

Exploiting and Levering OPM (Other People’s Money) is the key to their  Extreme Wealth.

This contagion on Wall Street has reached such a point, that one of those “Captains of Industry” has been speaking out against it.  He has been working to “right the ship” of speculative, reckless investing, using our OPM, as the collateral.

Jack C. Bogle, founder and CEO of the Vanguard Group, is one of those “old school” investors — you know, that we should beinvesting in a better future“, NOT just a “better bank account“.

Jack has listed the symptoms of this wide spread illness — NOW if only we could find some “Doctors” wise enough to quarantine the Damage …

The Damage unregulated greed has done … before they try to “go for broke” AGAIN …

 

The Invisible Hand: Too Big to Fail, vs Too Small to Notice

The Invisible Hand

The Nobel Prize-winning economist Joseph E. Stiglitz, says: “the reason that the invisible hand often seems invisible is that it is often not there.” [7][8] Stiglitz explains his position:

Adam Smith, the father of modern economics, is often cited as arguing for the “invisible hand” and free markets: firms, in the pursuit of profits, are led, as if by an invisible hand, to do what is best for the world. But unlike his followers, Adam Smith was aware of some of the limitations of free markets, and research since then has further clarified why free markets, by themselves, often do not lead to what is best. As I put it in my new book, Making Globalization Work, the reason that the invisible hand often seems invisible is that it is often not there.

The spectre is back

Original article, an editorial, via Socialist Appeal (UK):

In 1848 The Communist Manifesto opened with the line, “A spectre is haunting Europe – the spectre of communism. ” The spectre of Marx haunts world capitalism still.

F-ing socialist! Pals around with terrorists!

Lord almighty, save us from these revolutionary socialist FREAKS who want to break up this great country of ours that has survived for hundreds of years – until now.



Holy crap – listen to what this guy says about redistribution of wealth:


Another means of silently lessening the inequality of property is to exempt all from taxation below a certain point, and to tax the higher portions of property in geometrical progression as they rise.

Kee-ripes, how un-American can you get?!?