I’m impressed at the level of discussion here. It is not an easy topic to get ones head around, but I figured there are some pretty intelligent people here, and from whats been written, it appears we are all gaining some insight into how different folks feel about the current state of World affairs…

I have spent some time reviewing your references Vesp, and to be honest, as Sedit said, I almost cried! It may as well be “scientifically proven” ( more weasel words , pathetic rhetoric, which serves the speaker, and not much else…sorry! I mean NO offence, I hve spent many years studying Logic and Philosophy and its hard for me not to be critical of, IMO, incomplete ideas, I’ll expand, on this, if you wish) but, I have been a keen student of socioeconomics for a looong time, and it would not be fair to either expect, or think, you know about the things I do….but hey, that’s ok, we All have to start somewhere….I have NO doubt you know things I do not

And I hope you can see the value of this topic,, it doesn’t deserve to get trashed, look at the work peeps have put into reading and commenting! If anything, I would be pleased to have, such members who are capable of discussing “the tricky stuff”

Caveat: ( a condition) Hey Vesp, IF, you would like to, better understand My POV, I can say that, If you watch the “Zeitgeist” series of documentaries, you would cover 80% of my overall beliefs, the rest will come in bits and pieces, depending if anyone wants to know! I am noy out to persuade you to change your ideas, i think try and do so is foolish, however, if you happen to learn by default, or any other reason, good.
And to see how you have responded to various pov's, its clear you are no fool, and its a pleasure to see
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Where could have all the money have gone? Wealth don't vanish, it gets relabeled as one number or another but exactly how can the capital tied up in the millions of homes taken over by the banks just vanish into thin air?”
It was never really there!

Fractional reserve banking, is an extraordinary “agreement” between banks and the supposedly BUT NOT, Government Institution called The Reserve Bank.
As we know, this mob, print ALL the “currency” BUT, the currency Does Not represent, the ‘value’ of anything!!! Why? Because….Fractional Reserve banking LAW says, that, the banks, “backed by the Federal Reserve” are allowed to do this!!!
A “fraction of the Reserve” but really the reverse! Explained in the doco’s….or UTSE.
In a nutshell, "for every dollar a bank has on deposit, they are allowed (by law) to loan 15-20 dollars!!!
As I mentioned earlier, 'tis “Highly sophisticated Stupidity”
Next, I really think, the ONLY equitable method of “wealth distribution” would be to base the “cost” of a product, on, How Much “energy” is taken producing it…..
ergo sum: to have say, Kilowatt hours, as our “currency” would make sense, basing the price of “whatever” on the amount of, say, Kilowatt hours, that are used to make something, using “state of the art” equipment, anywhere in the world,
This should work out to be almost the same anywhere in the world, all things considered, and would create some sort of “consistent value” which IS related to our resources….
After all, Money is really, only a “representation of Energy” which we use to re-distribute the same, whether it be our “time, or our energy” both physical and mental.
Gee Vesp, you tar yourself with an extraordinarily BIG brush!!!
“Classical Liberal” I’m a bit puzzled how that ties in with “maximum freedoms’ if a Govt is required to “keep everyone in line”
My first question would be/is, “who drew/draws the line?”
I have absolutely NO problems with what you choose to believe in, but I will take a gamble and say, ”I am pretty sure, you WILL change your mind, as more thoughts come into it” he he!
Matey I have been ‘around the block’ a few times in my life,
And I spent years trying to “know enough,” that I wouldn’t have to try and learn about things I had NO interest in.
Did I succeed? No
What have I learned?......well….simply put,
“You gets what you give, just Not neccesarily where you gave it!”
I “believe” in Cause and Effect, or as one member here has put it, “the result comes from the effort applied” or words to that effect,
One question Vesp, what, do You, Vesp, “get”, from building and hosting this site?”

Although I can see many ‘personal’ reasons for you to do so, the continued maintenance on So many levels required, makes me “guess” the “rewards” satisfactory, in more ways than One.
And, while I think of it..!% = 1% !!!
don’t you recognise a typo when you see !, er, 1 lol
From personal experience government jobs are a complete joke. '
They are allocating alot of work and making it appear as though they have hired X amount of people yet they never seem to complete any of the work, instead it gets canceled or they "rehire" you raising X to a higher level every time they do. It appears like there creating jobs but the reality of the situation is you are going to be laid off 9 months out of the year.
The situation is getting rather desperate and even though I feel most of the "99%" there are more then likely either college student, homeless, or lazy A-holes looking to protest anything, the statistical numbers on wealth distribution are alarming. We are nearing the levels that where reached back in the late 20's right before it all crashed.
Much of there money is like the gold market. Its artificially inflated money that only exist on paper. Its getting inflated by the money that is coming from the middle class. I have over 1/3 of roughly a 2k a week check taken out on taxes. How many can say that? You know why that number is so high? Because I work 84 fucking hours a week when I do and that puts each check in a different tax bracket then I should be in. The harder you work the more you get screwed.
Once again, you said it, Sedit ! Well put, from a genuinely “first hand pov”, sadly, I couldn’t agree more, about the pathetic state of the so called “Public Service”
And the CEO of QANTAS Airlines, GAVE himself a $2000,000 pay rise, from around 3million to 5million! ONE WEEK, before, he shut down the business! becoz, he/his ‘team’ were unable to resolve, an Industrial dispute, Re; wage increases linked to the CPI (Consumer Price Index) WTF?
(well the 5 member board, on which he sits, ALL, GAVE themselves , pay rises, in the MILLIONS!!!!)
Vesp, IMO, calling oneself a “classical liberal” reminds me of a comment once made by Robert Fenyman, ( the father of THE bomb)

……………
“just because we know the name of something, does not mean that we know something” no offence intended with anything I say, it is after all, only my opinion
And referring to below, as the old saying goes, “to ‘assume’, is to make an ass out of u and me!”
According to E. K. Hunt, classical liberals made four assumptions about human nature: People were "egoistic, coldly calculating, essentially inert and atomistic".[12] Being egoistic, people were motivated solely by pain and pleasure. Being calculating, they made decisions intended to maximize pleasure and minimize pain. If there were no opportunity to increase pleasure or reduce pain, they would become inert. Therefore, the only motivation for labor was either the possibility of great reward or fear of hunger. This belief led classical liberal politicians to pass the Poor Law Amendment Act 1834, which limited the provision of social assistance. On the other hand, classical liberals believed that men of higher rank were motivated by ambition. Seeing society as atomistic, they believed that society was no more than the sum of its individual members. These views departed from earlier views of society as a family and, therefore, greater than the sum of its members.[
Classical liberals agreed with Thomas Hobbes that government had been created by individuals to protect themselves from one another. They thought that individuals should be free to pursue their self-interest without control or restraint by society. Individuals should be free to obtain work from the highest-paying employers, while the profit motive would ensure that products that people desired were produced at prices they would pay. In a free market, both labor and capital would receive the greatest possible reward, while production would be organized efficiently to meet consumer demand
I cant recall the last time I required my government, or any of its protective services, for my own welfare….
Classical liberalism holds that individual rights are natural, inherent, or inalienable, and exist independently of government. Thomas Jefferson called these inalienable rights: "...rightful liberty is unobstructed action according to our will within limits drawn around us by the equal rights of others. I do not add 'within the limits of the law', because law is often but the tyrant's will, and always so when it violates the rights of the individual."
Unlike social liberals, classical liberals are "hostile to the welfare state."[17] They do not have an interest in material equality but only in "equality before the law".[23] Classical liberalism is critical of social liberalism and takes offense at group rights being pursued at the expense of individual rights.[
Adam Smith and his “invisible hand”, I believe this is called “magic thinking” akin to believing in Omens, and Magik………
Seriously Vesp, where has your rigorous scientific approach gone?
Adam Smith argued in the Wealth of Nations that, as societies progressed from hunter gatherers to industrial societies, the spoils of war would rise but that the costs of war would rise further, making war difficult and costly for industrialized nations.[61]
...the honours, the fame, the emoluments of war, belong not to [the middle and industrial classes]; the battle-plain is the harvest field of the aristocracy, watered with the blood of the people...Whilst our trade rested upon our foreign dependencies, as was the case in the middle of the last century...force and violence, were necessary to command our customers for our manufacturers...But war, although the greatest of consumers, not only produces nothing in return, but, by abstracting labour from productive employment and interrupting the course of trade, it impedes, in a variety of indirect ways, the creation of wealth; and, should hostilities be continued for a series of years, each successive war-loan will be felt in our commercial and manufacturing districts with an augmented pressure. Richard Cobden
I would love to think, “We KNOW” but “we don’t”
Is there Anyone here, who “Believes” war serves a “useful” purpose?
And before you answer that, I ask, “have you Ever Killed someone, and more so, have you ever killed someone you Do Not know???
Don’t answer, just think about someone doing it to you………hmmmm
Utilitarianism
Utilitarianism provided the political justification for implementation of economic liberalism by British governments, which was to dominate economic policy from the 1830s. Although utilitarianism prompted legislative and administrative reform and John Stuart Mill's later writings on the subject foreshadowed the welfare state, it was mainly used as a justification for laissez-faire.[55]
The central concept of utilitarianism, which was developed by Jeremy Bentham, was that that public policy should seek to provide "the greatest happiness of the greatest number". While this could be interpreted as a justification for state action to reduce poverty, it was used by classical liberals to justify inaction with the argument that the net benefit to all individuals would be higher
Now this idea, utilitarianism is EXACTLY what ‘comes from’ the
Altruistic behaviour of humans!
If you think about it, there are VERY good “reasons” for people to be “selflessly kind” to others, an example was many of the native American people held “potlatch” events, (in today’s lingo!) which served to promote Harmony amongst the tribes.
Most people Have “feelings,” and feelings, Aren’t Facts!
2+2 feelings can add up to HUGE numbers of “feelings”, becoz, feelings, ‘feed back’ into themselves….because, most human “wetware” has the “maybe” function, which it can ‘hold’ in short, and long term memory,
And with that, comes “uncertainty” which, IMO, is why so many use God/s to “explain the unexplainable”
It is this “maybe function” which distinguishes us from Computers, making our brains, more ‘sophisticated’ than just “yes and no” funtions, and it is what allows us to have “random thoughts”, this is what allows us to wonder and Imagine, and to ask, “ what if? ”,
It is these aspects of being “human” which distinguish us from almost ALL the other life forms on the planet…I include ALL “sentient beings” as having these functions, to varying degrees,
But, it is the human ability to reason, as well as be “logically irrational” and other types of thinking we would probably call “thinking outside the square” which truly defines us.

Sure there are some clever animals, but none have achieved anywhere near the level of our development, especially in the use of language and tools!
But, one has to remember, that INSECTS by weight, IIRC, are estimated to OUTWEIGH the human population by 40x!!! although I have often watched animals like birds and fish, to name a few, and I wonder if maybe they are “networked” somehow, and share the “processing” ? just a thought………

In essence, I really think things in the Corporate World, must change, and it is up to ALL of us to TRY and improve, whatever you can…
As one of my spiritual teachers once said to me, when I asked “WTF should I think?”…… he replied
“Go to the Highest thought,”
and I asked him what that was….and he looked at me as if I had six heads, and said….
“to help those around you, and the planet that you live on”
I can’t say I have found a Higher thought…..I no longer look.
I thank everyone for sharing their ideas here, I am in no way trying to be provocative or offensive, and I realise that discussing such involved topics, especially online, is complex, and not easy, So, keep up the flow peoples,
“there’s No such thing as a stupid Idea,,,” think about it…….that's all
More to come, Love, f1