RANT: Moat, like around a castle?

Sunday, March 24, 2013

http://www.alternet.org/books/outrageous-david-cay-johnston-explains-how-big-corporations-withhold-your-taxes-and-then?page=0%2C1&akid=10233.1122391.f44_vU&rd=1&src=newsletter813672&t=9

JH: David, you detailed very, very well how we are constantly being ripped off. It’s a death of 1,000 cuts. Why is that? The story that we’ve gotten, for years and years and years, is that we have less regulation in order to spur competition. Ultimately, that competition was supposed to benefit consumers. What’s going wrong?

DCJ: I want more competition. Here’s what really goes on, however. We put up barriers to competition, and in fact, Wall Street has institutionalized this concept. Morningstar, they’re a big financial advice firm. They tell people that they should grade companies and decide whether to buy their stock, based on something called a “moat index.” Moat, like around a castle? A moat index asks, “What barriers has the government erected to keep anybody else from competing against that company?” Indeed, as I show in my book, you could get rich if you invest in those companies that have regulatory moats — where under the name of deregulation, we have insulated them from the rigors of the market. 

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Unfortunately, what we have today is faux capitalism!

The “regulators” are in bed with that which they are supposed to “regulate”.

FDA and Big Pharma is the classic example.

The SEC, FTC, OCC, and all the other bureaucrats are a revolving door with Wall Street.

And, the politicians are like the whorehouse Madam!

Argh!

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“It is a mistake to look too far ahead. Only one link of the chain of destiny can be handled at a time.”- Winston Churchill


INTERESTING: How to get cattle to fatten up?

Tuesday, April 3, 2012

http://lewrockwell.com/mercola/mercola181.html

Is This More-Dangerous-Than-Aspartame Sweetener Hiding in Your Food?
by Joseph Mercola

*** begin quote ***

On August 16, 2000, the law firm of Hartman & Craven filed comments on the neotame docket pertaining to the lack of safety data submitted in support of neotameiv, stating in part:

“A food additive petition has been submitted to the FDA for the artificial sweetener neotame. In that petition, the sponsor claims the data presented demonstrate that the compound produces no adverse effects at a dose of 1000 mg/kg/day in the rat. The sponsor also claims that the product should be safe for patients with diabetes. A review of the data submitted to the FDA does not support these conclusions.

In fact, no safe human usage level can be determined based on the submitted data. The animal experimental evidence indicates a toxic effect on growth. The clinical evidence raises concerns about glucose control in patients with diabetes.

Searches for an explanation resolving the adverse findings leave no clear acceptable answers that would insure the safety of the public but does stimulate speculation on questions relating to possible liver effects.”

 

*** end quote ***

Now I am NO fan of the FDA. If you had to advance an example of “regulatory capture” (i.e., those being regulated run the regulatory body), then probably #2 on the list of examples is the FDA.

(#1 is the UN Human Rights Council where horrible dictatorships are a majority on that Council. Talk about the fox “guarding” the hen house! Why “we, the USA, is paying for that whole UN charade is beyond me. Thank Prez Wilson and FDR, what a mess.)

I found most interesting the assertion that using artificial sweeteners fatten you up. Like the cattle cited to bring the up to market weight.

Maybe we’re being dumb about this.

What did “Grok” (i.e., the mythical caveman in the Primal Diet series) do?

Drank only water! Ate only stuff he hunted or gathered.

Maybe we should do the same?

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POLITICAL: What the government is not

Thursday, January 5, 2012

http://lewrockwell.com/napolitano/napolitano34.1.html

The Case for Austerity
by Andrew P. Napolitano

*** begin quote ***

Government is not a jobs program, and government is not your caretaker. Government is an arrangement made by free individuals to protect their rights and their property.

It doesn’t take $3.6 trillion a year to do that effectively in America today. I doubt it takes a trillion. We must swallow the bitter pill of austerity now, on our own terms, while we are still the undisputed leader of the free world and while we still have a Constitution, so that we can restore our prosperity in a way consistent with personal liberty.

*** end quote ***

Certainly seems that the 15T$ national debt is OUR problem.

If we were all on the same page, then we could amortize that over generations.

Bet we could sell 50 year bonds!

But we’re not even on the same planet as some people.

The Tea Party and the Occupy folks were all screaming about the same thing. Crony Capitalism, Regulatory Capture, and Rule by the Effete Elite. (imho)

Time to cut spending. And get everyone back to work.

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