Blog on the Run: Reloaded

Tuesday, December 6, 2011 8:01 pm

How to end Occupy Wall Street

Filed under: We're so screwed — Lex @ 8:01 pm
Tags: , , ,

Sir Richard Branson, founder of Virgin Airways, has an idea, but the IGMFY crowd won’t like it:

There is a fundamental problem with capitalism. And that is that it’s the only system that works, but it does bring extreme wealth to a few individuals. Therefore, if you’re lucky enough to be one of those few individuals, you have to make sure you use that responsibility extremely well, and that you use that wealth to create more jobs and to try to sort out some of the intractable problems of the world. As a business leader, I’m no more successful than a doctor or a nurse or a journalist, but I have that wealth, and with wealth—as they say—comes responsibility.

In short, you need to know when enough is enough, and you need to stop screwing less fortunate people just because you can — two things sociopaths are fundamentally incapable of doing.

Oh, well.

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7 Comments »

  1. Having written software for emerging businesses for twenty five years and being married to a successful small business owner for fifteen, I can say that those I’ve known who weren’t sociopaths saw charitable causes as a facet of enlightened self interest. They exercised empathy as a business skill in dealing with employees, customers, vendors and even competitors. Indeed, concern for others may not be a necessary entrepreneurial skill, but it seems to really help. The regular exercise of empathy fosters feedback loops in relationships which not only makes bonds stronger, but causes them to transcend whatever activity in which the parties are engaged, whether it be a business, a friendship or a marriage.

    Comment by Fec — Tuesday, December 6, 2011 9:28 pm @ 9:28 pm | Reply

  2. Yeah, no one misses empathy until they live in a society without it.

    Comment by LexL — Tuesday, December 6, 2011 9:48 pm @ 9:48 pm | Reply

  3. Acorn Returns As Occupy

    Comment by Fred Gregory — Monday, December 12, 2011 12:08 am @ 12:08 am | Reply

  4. And the point is … what, exactly? An “offshoot” of ACORN is attaching itself to the Occupy movement?

    And this has … um, what, exactly, to do with Branson’s point?

    Comment by Lex — Monday, December 12, 2011 9:51 am @ 9:51 am | Reply

  5. “You’ve said you support Occupy Wall Street. Do you secretly plan to camp out in a tent this winter?
    I just think that first of all peaceful demonstrations should be allowed in any country; police should not try breaking up peaceful demonstrations. They have a good reason to demonstrate. A few greedy people in the banking community nearly brought down the world, and that’s made people angry. I think not just the banking community, but the whole of the business community needs to make sure that capitalism puts on a genuinely positive face and gets out there and helps change the world to an extent that the Occupy Wall Street demonstrators can feel they’ve done their jobs and go home. It’s up to every single person who works in business to play their part, even in a small way, to rectify the damage that’s been done. What they’re campaigning for is for businesses to become forces of good. If businesses can become forces of good and can grow hearts and get out there and not just be money-making machines, then, you know, I think that will be all for the better.”

    Branson’s point. Have a big heart. Give awayy your excess and people will love you and the stuff you market or have the government give you a big heart by confiscxating part of your hard earned wealth . Sounds like Dickens or Dr Seuss.

    Really that Social Justice crap peddled at PCUSA pulpits has become tiresome . How about Bransn telling us what he finds wrong with socialism.

    America’s businesses are and have been forces for good. I am not going to try and tell you all the humanitarrian work that they have done privately and through the Internal Revenue Code.

    And in case Branson hasn’t noticed the demonstations have not been exactly peaceful through no fault of the autorities.

    And now for a couple of commenters to Branson’ utopian ramblings

    Dean Livanos :

    What a load of nonsense “A few greedy people in the banking community nearly brought down the world”
    that’s a nice story that popular because it shifts blame to a few however truthfully its a lot of things probably the biggest was the credit ratings agency giving +AAA ratings to C grade securities causing huge risk adverse institutions to invest in something they would never invest in given a correct rating. Another being the fast appreciation of land and assets in America leading to more and more equity loans and a negative savings rate leading up to the GFC. Greedy mortgage brokers (there were much much
    more than “a handful”) writing up mortgages that could never be
    paid and the banks for on selling these mortgages that would end up as mortgage backed securities. Perhaps greediest of all were the greedy home loan applicants that could not afford loans they applied for but got them anyway with the intention of refinancing once the property doubled in value, their defaults have led to neighborhoods destroyed and now they cry they are somehow the victims of this whole mess.

    Its nice to imagine the hollywood version of about a dozen greedy evil tycoons sitting at a massive dimly lit table plotting and pulling the strings of the world wide economy, alas the reality is much more boring. Branson is just a straight up douchebag and says anything. He was at a convention warning of the perils of global warming and how we must reduce carbon emissions by 95%, the next week he was spruiking his joy flights into space
    A Like Reply 12/06/2011 01:58 AM 5 Likes F

    Swtoldbob 1 comment collapsed Collapse Expand
    You make some good points, but miss the crux of the matter by failing to mention the role of the democRAT politicians (Barney Frank, Chris Dodd, the entire congressional black caucus, et al) that passed regulations requiring banks to make MORE THAN HALF of their new mortgage loans to borrowers that were not creditworthy. Check the facts, it’s the truth, it happened and the scumbag, left wing, libtard politicians that brought it about are never going to take responsibility for the disaster that they caused. Their excuse: they wanted to increase the percentage of home ownership among minotities. This started with “Bubba”, the first black president, and continued on Bush’s watch. GW warned that lending money to people with no history of repaying loans, no verifiable income, no assets, etc. was a bad idea, and for his trouble, the libtard democRATS charged him with being heartless and not caring about the “poor”. Their treasonous, traitorous fumblings destroyed the housing market, brought on the bailout of financial firms that were “too big to fail” and has left us with the mess that we are now struggling to overcome. Send Obama back to the national capitol of political corruption and let him return to his career in community organizing…….a transparent euphemism for racist, victimhood based rabble rousing.

    Comment by Fred Gregory — Monday, December 12, 2011 12:34 pm @ 12:34 pm | Reply

  6. I think anyone who actually reads Branson understands that he’s not advocating socialism, merely refraining from killing the goose that laid the golden egg. The other guys you quote are just one part fact and 10 parts invective. To suggest that Dodd and Frank are more to blame than the multiple levels of fraud in the finance industry, from the unregulated outlets like Countrywide who that underwrote liar loans to the investment banks that bundled them into crap securities they then bet on to fail to, yes, the ratings agencies that slapped “AAA” labels on crap.

    Branson might well be a hypocrite on the environment, but that doesn’t make him wrong about capitalism.

    Comment by Lex — Monday, December 12, 2011 1:05 pm @ 1:05 pm | Reply

  7. Are you or Branson the second coming oh high and mighty one. No wait, that’s your hero, Obama.

    .

    Comment by Fred Gregory — Monday, December 12, 2011 1:31 pm @ 1:31 pm | Reply


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