Oligopolies Galore, Greed, corruption and Murder....
Of course markets, tenders, etc etc are generally rigged -- as any 19th century investor knew. It doesn't mean you can't deal with them, but it's very hard and requires paranoia as an investing style...and access to very restricted inside information....!
Markets operate not for altruistic reasons, but to get more from whom one trades with.
"Rigged" is open to interpretation. If you make excessive gains from exchanges, then no. If you lose from exchanges then yes. Rigged is a matter of perspective..., for those doing the rigging...
"Rigged" is open to interpretation. If you make excessive gains from exchanges, then no. If you lose from exchanges then yes. Rigged is a matter of perspective..., for those doing the rigging...
The purpose of markets is to waste time dickering and haggling, rather than something more worthwhile...
Since "civilization" arrived, markets take the place of warfare. The principles are the same, only those who make killings, do so legally even if the killing harms others. In other words, civilization is the pansies and wimps safe haven, as they use "the law" to do what was done for free long ago,... I.e. hit one on the head and take their stuff and possibly their woman.... lOL....
I would venture that market rigging is even more widespread than we've ever imagined. The laughable part of "free trade" farces like NAFTA, and now the proposed new deal to the EU through Barrosso and the utterly corrupt and criminal ZOG/USA, is that corporations only want to increase competition on the input side of their business (labor/materials/energy), such that poverty has become a nation's greatest asset. Meanwhile, the same corporations have used their immense power to greatly restrict competition in their product markets.
Remember, in the good old days of representative governance, when the DoJ broke up AT&T into the "Baby Bells" due to anti-trust concerns. Verizon has a virtual monopoly on cell phone access in most of the US and exploits it shamelessly, yet we all know that VZ will only grow larger. Think of how many industries are actually oligopolies now, as a result of unchecked consolidation. Pharmaceuticals, oil, automotive manufacturing, chemicals, software, media, agriculture, shipping, insurance, paper, investment banking, and plastics are just a few of the industries that are controlled by a relatively few players. In the current cesspool of corporately sponsored corruption, that masquerades as a democracy, we'd have to be fairly naive to expect that price fixing doesn't occur as a matter of course. Traditionally, government regulation and enforcement made collusion and price fixing unprofitable, but those days are gone forever...
The problem is not the human nature to rig markets,
but rather, the runaway triumphs of those doing that!
but rather, the runaway triumphs of those doing that!
The basic points should be based on deeper understandings of these problems, which tend to be non-starters within the current political situation, where the biggest bullies' bullshit stories so totally dominate our society...with utter disinformation daily, on a spectacular scale...
ALL MONEY IS BACKED BY MURDER... All human "realities" are always organized lies, operating organized robberies. There is nothing new, EXCEPT for technologies becoming trillions of times more powerful and capable, including the scientific public relations, or professional liars' brainwashing, of the the general public. Therefore, what is NOT new is that the markets are rigged. What is NEW is the degree to which that has become a runaway fascist plutocracy, in which a small oligarchy is getting away with transforming into being a new kind of royalty, which is more and more enjoying de facto impunity to operate above the rule of law, and therefore, are effectively destroying the rule of law. (Which becomes runaway insanities, that will eventually also drive themselves into madly self-destructive, vicious spirals.... Soonest.
The ONLY genuine solutions require better dynamic equilibria between different systems of organized lies, operating organized robberies. The current human ecology and political economy systems have become runaway social insanities, wherein the vast majority of people have become political idiots, which are too incompetent to use their own political power to resist being successfully defrauded and robbed, more and more, faster and faster..., dazzling case in point: The 14hmars of Lebanon and their cronies and handlers in country, regionally and across the Ponds....LOL
THEORETICALLY, we need a radical series of paradigm shifts throughout political science, in order to understand and respond to the ways that rigging markets has become so blatantly successful, and able to continue to operate above the rule of law, with relative impunity...For now...However, the current situation is due to too much successful conditioning of the vast majority of people to be chronically afraid, ignorant, and apathetic, while the social systems around them are transforming faster and faster, in ways which are destroying several Centuries of previous achievements by their ancestors regarding the common law, and the basic operation of the rule of law.
I WISH there was some good grounds to be more optimistic about this. However, this kind of story only tends to point out the direction we are clearly headed in, on a runaway trajectory. However, there are no good reasons to believe that the ways that the vast majority of people behave like Zombie Sheeple inside of this context is going to change significantly. I WISH I was wrong about that, however, so far, I have no good reasons to believe I am wrong. Instead, while I agree with some positive souls out there..., I currently can not believe in anything but that it is going to get way, way, way worse!
WE ALREADY OPERATE INSIDE OF A VERY DEEPLY ENTRENCHED FUNDAMENTALLY FRAUDULENT FINANCIAL ACCOUNTING SYSTEM. THE MONETARY SYSTEM ITSELF IS TOTALLY RIGGED, AND HAS BEEN AUTOMATICALLY GETTING WORSE FOR MORE THAN A CENTURY IN THE USA, WHILE GETTING WORSE FOR MORE THAN A FEW CENTURIES IN THE REST OF THE BRITISH EMPIRE...and soon across the Globe, if the Brics are not successful in reversing that trend swiftly...
The whole world's economic system is already dominated by a global, privatized, electronic fiat "money" fraud, where our currency is created out of nothing, as debts, which almost completely corrupted governments to force all of their citizens to accept that fraud. We ALREADY operate within a monetary and taxation system which is a STATE RELIGION, built on faith-based "money," which was the result of the triumph of the application of the methods of organized crime being able to take control over the governments, and the mass media, and virtually all other social institutions whose control could be effectively bought...by the infamous White House Murder Inc, and their poodles...
The kinds of the rigging of markets which are being manifest and proven today are simply the RUNAWAY RESULTS of triumphant organized crime taking over almost complete control of the already almost totally privatized powers of governments. In that context, the overwhelming vast majority of people have become too clueless to comprehend how clueless they truly are ... That makes breaking through to sufficient understanding of these problems, enough to achieve adequate resolutions, appear practically impossible!
HK4EVER...
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