Lorenzo - Putting Money back into the sport

<div class='quotetop'>QUOTE (mylexicon @ Apr 20 2010, 12:51 AM) <{POST_SNAPBACK}><div class='quotemain'>I'm telling you you're in way over your head and you need to stop pretending to know about the uber-rich and how they structure their philanthropic ventures.

You kicked it off nicely with



Foundations like the Bill and Melinda Gates foundation are artificial capitalistic markets or humanitarian capitalism. They create market economies in order to involve other for-profit institutions who are usually working for reduced profit. They hope that a capital injection into an impoverished region will increase the velocity of money and the expand money supply which will eventually make the artificial market self-sustaining.

It's part of market-based capitalism. Socialists might know it as the most diabolical scheme ever visited upon mankind.
Well no .... Sherlock philanthropic ventures i.e using your wealth for the good of mankind is all about helping people stand on their own 2 feet like all charity's set out to do. That in turn is bound to open new markets in the future because these people are standing on their own 2 feet. Doesn't mean the philanthropist's doing it to gain more personal wealth though does it.Thats just a by product. Your arrogance stops you seeing the obvious mate.

<div class='quotetop'>QUOTE (chopperman @ Apr 19 2010, 05:03 PM) <{POST_SNAPBACK}><div class='quotemain'>Well no .... Sherlock philanthropic ventures i.e using your wealth for the good of mankind is all about helping people stand on their own 2 feet like all charity's set out to do. That in turn is bound to open new markets in the future because these people are standing on their own 2 feet. Doesn't mean the philanthropist's doing it to gain more personal wealth though does it.Thats just a by product. Your arrogance stops you seeing the obvious mate.

So market economies work just fine when it's charity, but they are broken corruptible institutions of greed and oppression when people want to get paid or earn a profit?

This is a fascinating development in the world of economic science.

Rog, Lex only approves of Christian non for profit orgs. They're the only legit onces according to his Fox puppet masters. Bill Gates is not only poor with zero in the bank, but now evil socialist too. Thats the new rightwing bad word, "socialist".

BOT Lorenzo the socialist sucks for sponsoring a friend and will ruin the sport (wisdom of lex).

<div class='quotetop'>QUOTE (Jumkie @ Apr 20 2010, 11:17 AM) <{POST_SNAPBACK}><div class='quotemain'>Rog, Lex only approves of Christian non for profit orgs. They're the only legit onces according to his Fox puppet masters. Bill Gates is not only poor with zero in the bank, but now evil socialist too. Thats the new rightwing bad word, "socialist".

BOT Lorenzo the socialist sucks for sponsoring a friend and will ruin the sport (wisdom of lex).

<div class='quotetop'>QUOTE (Jumkie @ Apr 19 2010, 06:17 PM) <{POST_SNAPBACK}><div class='quotemain'>Rog, Lex only approves of Christian non for profit orgs. They're the only legit onces according to his Fox puppet masters. Bill Gates is not only poor with zero in the bank, but now evil socialist too. Thats the new rightwing bad word, "socialist".

BOT Lorenzo the socialist sucks for sponsoring a friend and will ruin the sport (wisdom of lex).

It's the exact opposite. Being a capitalist or a market economist is like being a geneticist who's under siege from religious fundamentalists.

Economics and economic theory is an extremely important scientific discovery/theory that has enabled modern human beings to create more material wealth by altering the way we allocate resources. There are all kinds of interesting studies about how markets work, how they should be administered, how they should allocate resources, etc. Then all of this information is filtered through the lens of what is sustainable for humankind and leads to long term material progression such that mankind's basic needs can be more easily met.

Unfortunately this world is populated with people who know nothing about the science of economics or the behavioral theory from which it stems. Certain groups of intellectually dishonest politicians have manipulated these people into believing that they understand economics and resource allocation the same way fundamentalist religious groups deceive people into shunning secular sciences. These economic zealots interject all manner of irrelevant moralistic voodoo about greed and philanthropy, and in so doing, they put liberal economic science (that's free markets) under siege for a litany of imagined sins. Meanwhile, they are actually enabling a group of inept politicians who are leading people on a socio-economic crusade to poverty and destitution.

As I have said so many times, socialists are their own worst enemy. If they would darken the doorways of market-based economic think tanks from time to time (instead of living in ignorance), they might actually learn how to bring their ethos to life. The same way Bill Gates and Warren Buffet have discovered an interesting way to pursue philanthropy.

Just keep it to Lorenzo. No more fictitious tales about uber-rich capitalist who keep all of their net worth as cash in the bank, and who never use market-theory to improve the philanthropic system.

<div class='quotetop'>QUOTE (mylexicon @ Apr 19 2010, 08:57 PM) <{POST_SNAPBACK}><div class='quotemain'>It's the exact opposite. Being a capitalist or a market economist is like being a geneticist who's under siege from religious fundamentalists.

Economics and economic theory is an extremely important scientific discovery/theory that has enabled modern human beings to create more material wealth by altering the way we allocate resources. There are all kinds of interesting studies about how markets work, how they should be administered, how they should allocate resources, etc. Then all of this information is filtered through the lens of what is sustainable for humankind and leads to long term material progression such that mankind's basic needs can be more easily met.

<span style="font-size:14pt;line-height:100%Unfortunately this world is populated with people who know nothing about the science of economics or the behavioral theory from which it stems. Certain groups of intellectually dishonest politicians have manipulated these people into believing that they understand economics and resource allocation the same way fundamentalist religious groups deceive people into shunning secular sciences. These economic zealots interject all manner of irrelevant moralistic voodoo about greed and philanthropy, and in so doing, they put liberal economic science (that's free markets) under siege for a litany of imagined sins. Meanwhile, they are actually enabling a group of inept politicians who are leading people on a socio-economic crusade to poverty and destitution.

As I have said so many times, socialists are their own worst enemy. If they would darken the doorways of market-based economic think tanks from time to time (instead of living in ignorance), they might actually learn how to bring their ethos to life. The same way Bill Gates and Warren Buffet have discovered an interesting way to pursue philanthropy.

Just keep it to Lorenzo. No more fictitious tales about uber-rich capitalist who keep all of their net worth as cash in the bank, and who never use market-theory to improve the philanthropic system.
there's a reason for that................................. ........................................................

<div class='quotetop'>QUOTE (mylexicon @ Apr 20 2010, 08:57 AM) <{POST_SNAPBACK}><div class='quotemain'>Economics and economic theory is an extremely important scientific discovery/theory that has enabled modern human beings to create more material wealth...
Along with psychology, sociology, and environmental studies one of the SOFTEST "sciences" out there!

<div class='quotetop'>QUOTE (Mick D @ Apr 21 2010, 08:35 PM) <{POST_SNAPBACK}><div class='quotemain'> Along with psychology, sociology, and environmental studies one of the SOFTEST "sciences" out there!

I'm glad you understand the differences between natural sciences and social sciences. Human beings aren't quite so simple as gravity, electromagnetism, weak nuclear force, and strong nuclear force. If that makes us "soft", so be it.