The measure of staying away from gold isn't gambling... it's the exact opposite of gambling. It's AVOIDING gambling.
Gold also is effected less than almost any other substance by radiation, so its very useful in nuclear power plants and in nuclear waste facilities.
"There are two novels that can change a bookish fourteen-year old's life: The Lord of the Rings and Atlas Shrugged. One is a childish fantasy that often engenders a lifelong obsession with its unbelievable heroes, leading to an emotionally stunted, socially crippled adulthood, unable to deal with the real world. The other, of course, involves orcs." -Paul Krugman
Last edited by Laize; 2012-05-28 at 04:51 PM.
Second, the purpose of an economic system is to distribute resources in a way that uses them towards specific goals. While all systems are supposed to ultimately improve the fortunes of all members, each chooses to do so in a different way. Frankly, all systems work relatively well on paper and their failure or success depends more upon the people using it. Even if a country using capitalism did switch to socialism the same problems would remain. Unproductive citizens do not suddenly become productive because you slap a different name on your economy.
Gold is also shiny, makes great jewerly. It's probably one of its biggest uses, and shouldn't be forgotten.
The future system of resource distribution for all humanity will be based on what robotics and automation can do for people and how much it should do.
Robotic machine systems will be able to make anything including themselves, grow anything, solve all medical ailments, stop aging in our bodies, generate free energy, and if we do manage AI then then it will literally be like living gods in an alien world. With only one little issue that might arise - do we survive it?
Really, so it seems honest and fair that EA can just destroy every other game company because they are a threat to one of their products ?
Maybe you got the meaning of fair wrong, don't know what kind of lexicon you are using...
Capitalism works great on paper as long as there is a Governing body protecting the economy from selfish , greedy bastards that are the CEOs of companies.
Last edited by Sylvant; 2012-05-28 at 09:06 PM.
They say a man never really knows himself until his freedom's been taken away. I wonder, how well do you know yourself?
We know how they say if you work really hard you will become rich in a capitalism system. well tell that to the woman carrying water for 5 miles everyday and still cant make enough to even buy a loaf of bread. If you think that is easier work than having to trading robot on Wall Street making split second profits that outnumber the water womans life time earnings in just 0.1sec. We got a long way to go in making the world better, a good place to start is at home with reigning in the greed.
Capitalism can NOT function without heavy regulations the ultimate capitalism business model is the mafia. it makes perfect business sense to murder and kill of the competition that is stealing into your profits. what stops this business model of pure capitalism you ask? laws and regulations. it is for example illegal to kill and murder your competition ( but it makes perfect business sense to just take out the tommy gun and kill them)