Seabreeze, I guess I should have said Canary is anti-business rather than anti-company. Anyway, the reason Canary is anti-business is his belief that the role of businesses, or a company, in society is to support its workers. He has posted this belief many times. While this is true, it is a secondary consideration and one that must be addressed in order to keep a company in business. The primary role of business in society is to allow the greatest number of people the opportunity to create wealth.
Businesses have created more wealth, for more people, than any other wealth creating vehicle in human history. Take any average normal working individual, have them put 10% of their income every year of there working life (18-68) in a diversified index fund like the S&P 500 fund or the Russel 2000 fund, and that individual will have created enough wealth for the average person to retire comfortably on. Or take your average individual, have them start a business and spend 25 to 30 years growing that business and they will have created enough wealth to retire comfortably. But if you take the profit out of the business and give it to the individual workers, then you create no dividends, no reason for business expansions, and no reason for individuals to invest in that company.
When I say Canary is anti-company I don't mean this in a derogatory or name call way. It is his belief, he has stated it over and over, but that does not make it true. Business is for the creating of wealth and to allow everyone the opportunity to become wealthy.
Ahh,.....Someday we'll have to sit down and drink a cold Iced tea w/lemon, one sugar,.......And debate Adam Smith,... and whether Milton Friedman correctly envisioned the extent global businesses could take advantage of poorer populations and Labor pool wages........or whether he vastly underestimated business mobility in the 21st Century.......And their lack of Moral Principles...
Playing the stock market,.....does not produce a....product. It only provides funding for people who will,....try to produce a ...tangible, physical product......
All well and good,..........until the...."playing"....becomes more important than ...."product" production.
Welcome to the 21st Century Casino............The more players,...the greater the..volatility.....Hurry Up And Throw The "Dice"!...You've Got People Standing In Line Behind You Waiting!
I am Anti-Business-Using-Their-Legislative-Clout-To-Stifle-Their-Competition..........Don't see nothing wrong with an honest Businessman(...insert "oxymoron" jest here..)....producing an honest product or service at an honest price.....to serve the People's needs...
Businesses grow to a certain point where it's almost endemic that they will try to....outmaneuver their competition...and "capture"...a market....by using their profits to buy Legislative Advantage.
Insurance companies, and laws requiring you to insure your,....car, home, and health.....come to mind.
I'm old enough to remember you didn't have to,...by LAW,....purchase car insurance. If you were "at fault",....you'd pay the man directly. Or be sued......
But you had a choice........(...especially if you were a non-drinking exemplary driver....).....
Choice no more! You're required by Law to insure your vehicle,....at an ever-rising rate,...in spite of you being a non-drinking exemplary driver with 3,500,000 miles of safe driving....You've been out-lobbied by the insurance companies to......pay just as much as any slovenly drunken bum in a '76 Buick Battlewagon with belching exhaust and flapping fenders.......
"Safety"...I think, was the reason the insurance companies gave.......Makes their profits safe, is what I think they meant......
Mark me down as "Anti-Law"..too.......