What Does Wall Street Do?

xoxoxoBruce · 11-27-2010, 05:53 PM

A friend was telling me yesterday, he has two nieces, sisters. One is a surgeon who was "drafted" by Harvard Medical, and the other was a securities broker for for Goldman or Lehman. The difference is monetary reward caused considerable family friction.

Lamplighter · 11-27-2010, 06:26 PM

Zen, I think you're spot-on...

Certainly there are benefits from corporations as legal entities
to raise money via stock and bonds to do work.
And some do go into various forms of bankruptcy.

But viable corporations don't die !
They only replace their elder minions, who do die and
their estates do get re-distributed back into society.
So corporations grow year after year acquiring capital assets.

Follow this to it's ad nauseum end and corporations will eventually
essentially own all such assets: business, financial, real estate., etc.,
unless there is some form of governmental balancing their capital growth.
Currently I don't see any such a balancing mechanism.

11-27-2010, 05:53 PM	#1
xoxoxoBruce The future is unwritten Join Date: Oct 2002 Posts: 71,105	A friend was telling me yesterday, he has two nieces, sisters. One is a surgeon who was "drafted" by Harvard Medical, and the other was a securities broker for for Goldman or Lehman. The difference is monetary reward caused considerable family friction. __________________ The descent of man ~ Nixon, Friedman, Reagan, Trump.

11-27-2010, 06:26 PM	#2
Lamplighter Person who doesn't update the user title Join Date: Jun 2010 Location: Bottom lands of the Missoula floods Posts: 6,402	Zen, I think you're spot-on... Certainly there are benefits from corporations as legal entities to raise money via stock and bonds to do work. And some do go into various forms of bankruptcy. But viable corporations don't die ! They only replace their elder minions, who do die and their estates do get re-distributed back into society. So corporations grow year after year acquiring capital assets. Follow this to it's ad nauseum end and corporations will eventually essentially own all such assets: business, financial, real estate., etc., unless there is some form of governmental balancing their capital growth. Currently I don't see any such a balancing mechanism.

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