Abandon All Fear

What nobody else seems to be saying…

Posts Tagged ‘capitalism’

[Economy] It’s The Interest Rates Stupid!

Posted by Lex Fear on February 20, 2009

Says it all really.

7 Reasons Why Banks Should Increase Interest Rates

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Posted in Bank Robbers, Bollotics, Financial Terrorism, Profiteering, Property Market | Tagged: , , , , , , , , | Leave a Comment »

[Misadventure Capitalism] – The Fat Cats That Got The Cream

Posted by BHudson on February 8, 2009

Royal Bank of Scotland – 68% nationalised
Lawrence Fish, non-executive chairman – paid £6.6m in 2006, receiving a £1m pension from April.
Fred Goodwin, former chief exec. – paid £4.2m in 2007, due for a pension of £8.37m

HBOS – 40% nationalised
Peter Cummings, former head of corporate lending – paid £2.6m in 2007
Michael Geoghegan, chief exec. – paid £2.955m in 2007

Bearing in mind that their companies are now owned by the taxpayers, one would have thought that they could show some restraint in pouring out bonuses. Nonetheless, RBS alone seems to think it’s a good idea to pay out a billion pounds of money to their fat cats as reward for nearly killing the economy.

I hold these points to be self evident:
1.Wages are a reward for the individual’s input of the factors of production.
2.Banking is a service industry, hence the factors offered by the executives are labour and entrepreneurship.
3.Most executives seem to do very little work. Hence, their input of labour is little.
4.Good entrepreneurship does not result in almost going bust. Hence, their input of entrepreneurship is very little.
5.Hence, they are due little compensation for their efforts.
6.Bonuses are a reward for extraordinary success.
7.Ending up mostly owned by the government is not an extraordinary success. Hence, they are due no bonuses.

Anything there sound ridiculous? To be honest, they ought to pay back all their bonuses for the years of unwise lending that got us in this state in the first place. Now the government has bailed out the bankers and decided to nationalise them, they ought to take a stand to stop such ludicrous profiteering, rather than trying to ‘coax’ them into playing ball. If America, France and Germany can do it perfectly easily…

Posted in Bank Robbers, Corporate Irresponsibility, Financial Terrorism, Little Hitlers, Londonland, Named and Shamed, Opinion, Profiteering, Protest, Untouchables, Wealth Creation | Tagged: , , , , , , , , , , | 3 Comments »

[Churchianity] Focus on Issues

Posted by Lex Fear on June 24, 2007

5 Issues the church is too concerned about

CULTURE VULTURE: The Environment. Sure we should be smart and not drop litter, we should do what we can to reduce our individual waste… but this is one of the latest examples of the church jumping on a cultural bandwagon rather than seeking to make a difference in peoples lives. Plus, if more people did their research, they might discover that there’s not much we can do about global warming, it may even be part of God’s design for the planet. Have you noticed how nature is always moving and shifting through various seasons? It’s is only human beings who want to stay in place, prevent change and establish foundations. Not that, that is bad, but we should realise nature does not ask our permission before it changes.

BIBLE BASHING: Gay Rights. Of course, as a Christian if I was to have sex with man, I would be committing a sin. However this would also be the case if I had sex with a prostitute. And being a married Christian, if I was to have sex with another woman other than my wife, I would also be committing a sin. Why does the church focus on one sexual sin when protesting moral decline? How many Christians are divorced and remarried? Aah but there’s extenuating circumstances… violent spouses etc… we should be sensitive and understanding. Then likewise, we should be sensitive and understanding to homosexuals. It should also be noted that where God is concerned, it is only the church that should be subject to this kind of moral law. But the predominant question is this: Why shouldn’t homosexuals be free from prejudice?

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Posted in Bad Company, Churchianity, Civil Disobedience, Copywrong, Dark Side of the Light, Holding Actions, Laymans Theology, Morals & Ethics, Of The World But Not In It, Open Source, Pharisees, Predatory Systems, Profiteering, Protest, Technology, The Purpose Missing Church, The Religious Wrong, Wealth Creation | Tagged: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a Comment »