Σάββατο, 16 Ιανουαρίου 2016

Self-governed companies abstaining from the markets!

Greeks don't trust the Greek State and they don't trust rich people. There are some mines in Chalkidiki the peninsula with the three smaller peninsulas in the north. If the state cooperates with a domestic and a foreign company, so they can exploit the mines, the Greeks just rebel.
In 1705 in that area, which was still under Ottoman rule, the inhabitants were granted the right to exploit the mines themselves and just pay an amount to the Sultan.Twelve villages participated in this concept.
This could be done today. They could found a company and hire the personel they need. The mistake would be if in order to obtain more money, they would sell the shares to the exchange market. Then people will become shares about a land they don't know where it is, they don't care about it's people and their lifes, it's nature. They just will want maximal profit. That is what is happening all over the world. Computers sell and buy every millisecond shares, insurances and all kind of contracts to places far away. No one will ever know if these people do a good or a bad job. Rumours will be spread and opinions will be uttered, no one can really know if they are honest, and most of the time contradictory, depending if it is time for buying or selling. There is this lie that for the fuctionability of western societies the development should be constant. This cannot happen and it doesn't either. In order to keep this system, crises are vital.
They don't want states to pay for pension and insurances, but in 45 years time a lot can happen. There was a crash in 2008 and we have another one coming. The markets feel uneasy, that means the 1100 companies that have computers to buy and sell financial products in milliseconds and the insurance companies, where it is best for the people who must invest in private pensions and insurances, to loose their jobs.