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Paul Tudor Jones Warns "Disastrous Market Mania" Will End In "Revolution, Taxes, Or War"
"This gap between the 1% and the rest of America, and between the US and the rest of the world, cannot and will not persist," warns renowned trader Paul Tudor Jones during his recent TED Talks speech, as he addressed the question - can capital be just? Hoping to expand the "narrow definitions of capitalism," that threaten the underpinnings of society, Tudor Jones exclaims, "we're in the middle of a disastrous market mania," adding "one of worst of my life." Perhaps most ominously, he concludes, historically this ends "by revolution, higher taxes or wars. None are on my bucket list."
Can capital be just? As a firm believer in capitalism and the free market, Paul Tudor Jones II believes that it can be. Tudor is the founder of the Tudor Investment Corporation and the Tudor Group, which trade in the fixed-income, equity, currency and commodity markets. He thinks it is time to expand the “narrow definitions of capitalism” that threaten the underpinnings of our society and develop a new model for corporate profit that includes justness and responsibility.
It’s a good time for companies: in the US, corporate revenues are at their highest point in 40 years. The problem, Tudor points out, is that as profit margins grow, so does income inequality. And income inequality is closely linked to lower life expectancy, literacy and math proficiency, infant mortality, homicides, imprisonment, teenage births, trust among ourselves, obesity, and, finally, social mobility. In these measures, the US is off the charts.
“This gap between the 1 percent and the rest of America, and between the US and the rest of the world, cannot and will not persist,” says the investor.
“Historically, these kinds of gaps get closed in one of three ways: by revolution, higher taxes or wars. None are on my bucket list.”
Tudor proposes a fourth way: just corporate behavior. He formed Just Capital, a not-for-profit that aims to increase justness in companies. It all starts with defining “justness” — to do this, he is asking the public for input. As it stands, there is no universal standard monitoring company behavior. Tudor and his team will conduct annual national surveys in the US, polling individuals on their top priorities, be it job creation, inventing healthy products or being eco-friendly. Just Capital will release these results annually – keep an eye out for the first survey results this September.
Ultimately, Tudor hopes, the free market will take hold and reward the companies that are the most just. “Capitalism has driven just about every great innovation that has made our world a more prosperous, comfortable and inspiring place to live. But capitalism has to be based on justice and morality…and never more so than today with economic divisions large and growing.”
This is not an argument against progress, Tudor emphasizes. “I want that electric car, or the jet packs that we all thought we’d have by now.” But he’s hoping that increased wealth will bring with it a stronger sense of corporate responsibility. “When we begin to put justness on par with profits, we get the most valuable thing in the world. We get back our humanity.”
* * *
As one attendee noted, PTJ received a standing ovation...
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None are on your fucking bucket list? WTF does that mean? That's FUCKING MEALY -MOUTH HEDGEFUND
BULLSHIT! Right there, you lost all credibility, stick those words up your fucking arse.
Just Capitalism?
Easy enough.
Prosecute criminal activity and collusion with the govt. by corporate actors. Hold CEO's & CFO's responsible for ANY criminal acts.
The prospect of an inescapable 5-10 stretch in the can by those at the top would definitely affect the corporate culture.
What Paul Tudor Jones is really saying is - "I have made my $500MM by fully taking advantage of every single misanthropic political move by Obama and by the immoral Federal Reserve. However now, when the socio - economic results of all that misanthropy have caused an absolute breakdown of the Constitution, of the enforcement of laws, indeed the actual borders of the country. .... I am going to make the ultimate trade...and place the burdenj on up and coming businesses to cope with it all"
Brilliant.
'Standing, Clapping'
Great Post COA. Nicely put.
Firearms salesman of all time.
Over 75 million served.
Forget "Just" behavoir, how about something simple like "responsible" behavoir first ? How about sensible behavoir ?
How much money did he make from companies that practiced unjust behavoir?
The world as it is now functioning is too resource Dependant. Someone is going to have to let a few billion die. You tell em or they tell you which you want.
The world as it is now functioning is too resource Dependant. Someone is going to have to let a few billion die. You tell em or they tell you which you want.
Nice talk but it's about regulation and eliminating "Deep Capture" and until that is done and a few bankers go to jail.........
Cut off their fucking printing press. Then you will see "justness".
One of the worst of his life, but the other worst ones what of the options did he see occuring?
Just came back from quick trip to Cambodia. Seeing the museums and killing field is warning enough if what can happen... People may not get what they were asking for in terms if equality...
Can someone pass this to Mr Tudor Jones (bet he gets beat up a lot with such a name)
THE PERFECT STORM (see p. 59 onwards)
The economy is a surplus energy equation, not a monetary one, and growth in output (and in the global population) since the Industrial Revolution has resulted from the harnessing of ever-greater quantities of energy. But the critical relationship between energy production and the energy cost of extraction is now deteriorating so rapidly that the economy as we have known it for more than two centuries is beginning to unravel. http://ftalphaville.ft.com/files/2013/01/Perfect-Storm-LR.pdf
We are not just fucked.... we are gang ass raped by 500 donkeys ... then what's left of our entrails are roasted over a fire and fed to rabid dogs who shit us into a pile for flies to lay their eggs which hatch into maggots and eat us for breakast.
NO RECOVER --- EVER --- CIVILIZATION IS OVER --- BECAUSE IT WAS ALWAYS BUILT ON OIL THAT WAS CHEAP TO EXTRACT --- THIS IS AS GOOD AS IT GETS SO ENJOY IT --- BECAUSE WHEN THIS TOPPLES OVER YOU AND ME ARE DEAD.
Now you understand why the Central bankers are doing seemingly insane things --- they do them because they delay death a few years, or months or a few days.
The KNOW exactly what that research paper from FT.com is telling you --- there is NO WAY OUT
The ONLY reason the cost of energy has gone up is because of government interference in the process. When the F'N government is NOT allowed to interfere, energy production rises, and costs fall. Cut the bullshit, your explanation is simply wrong, and those who posit the same, really have NO CLUE. The simplest means to produce copious amounts of energy is SAFE nuclear energy, but we won't see that, because of the neo-luddites who scream and shout their collectivist nonsense. You sound like them.
define "Safe"
SAFE: Thorium reactors
The ONLY reason the cost of energy has gone up is because of government interference in the process. When the F'N government is NOT allowed to interfere, energy production rises, and costs fall. Cut the bullshit, your explanation is simply wrong, and those who posit the same, really have NO CLUE. The simplest means to produce copious amounts of energy is SAFE nuclear energy, but we won't see that, because of the neo-luddites who scream and shout their collectivist nonsense. You sound like them.
The cost of energy has gone up because the low hanging fruit has been picked.
Think about how much it costs to extract oil from deep sea fields. We all know fracking is massively expensive. As it tar sands extraction.
We are chasing the dregs --- the mega fields have all been tapped out.
And it is expensive to find and get out what is left
Here's the post child project that demonstrates why costs are out of control http://www.wsj.com/articles/SB10001424052702303730804579437492040999738
The message has been loud and clear over the last two decades, the way to make money is investing.
Those that may once have though of starting up a company to produce something useful are now investors, ready to sit on their arses and let someone else do all the hard work.
Why work hard and produce something useful, let your capital do all the work.
What happens when everyone is an investor and there are no companies?
Even CEOs of companies are taking the easiest route.
Why bother investing and expanding the company, let's just buy our own shares, much easier.
"Investing" in Fed Policy... The only game in town, that will work out well.
Or all 3...
I assume that:
"By Revolution, Taxes, Or War""Should have been
by taxes, revolution and war....
Or a whimper. Empire can take centuries to fail. We may only be in the first stage with nine more to go. Until enough human beans in first world countries are destitute, nothing much will happen on the armed front. I'd take up the Vigilantes' role and eliminate on a fairly regular basis the like Goldman Sucks partners, many Wall Street Jews, and those who have managed to rip off all of us like Joe Cassano, Dick Fuld, Ben Bernanke, Alan Greenspan, Tim Geithner, Neil Kashkari, Peter Orszag, Bobby Rubin, LArry Summers, J Yell, Mary Shapiro, Steve Scharzmann, hilary, Bill, and hundreds more, one by one, unless I can find them assembled in groups somewhere, but lacking the skills, youth, expertise of the sniper, I'd likely get no further than ordering the C4. No other volunteers seem to be surfacing.
The elitists know that as long as they "Amuse them to Death", with superfluous fights for so-called 'equal rights', like the preposterous "gay Marriage", in essence setting the trash can on fire down the street from the bank, and provide the socialist menu of enough gubmint cheese, revolution will never happen in the next several generations. War is constant somewhere in the world.
Predictions of the Tudor Jones type, are like a release valve, expressing frustrations that would act as fuel if permitted to fester. As long as there is free speech, which goes unremarked upon, the possibility of other than taxes going up, is a fantastical dream like the one I had last night of playing with Sofia Vergara's fabulous ta-tas.
Keep voting yes for tax increases.
Bull****. This guy is talking about "Justice" but what he is really talking about is "Social Justice" which is pretty much in the same category as "Junk Science". If the government got out of the way of Capitalism it would work. Instead what we have is a cross between Facism and Communism in this country. It is akin to the modified pseudo-capitalism that the Chinese have, except the Chinese government appears to be interested in keeping their country going (or, more precisely, keeping their heads). The US Government appears to be interested in ruling over the people they claim to represent. Look at the charts he presents...big jokes. The one I really love is the Corporate Giving. Well, now, who runs the majority of corporations? It would be people who were, when they started out, Capitalists. But as they became more successful (and wealthy) they became more Communists (We love government regulation). Why? Really simple: They wanted to make it as difficult as possible for any competition (startup or otherwise) to take them down. So, in fact, the government is creating two things: 1) A bunch of "favored business people/companies" (Keep up the bribery...errr donations to their campaigns I mean) and 2) Monopolies (You know, the thing the government has convinced everyone is so bad for you when, in fact, it isn't necessarily). As for this "giving" what exactly are they not giving to? Obviously they are giving to political campaigns (both sides generally) and they are giving in taxes (Which, it appears liberals think is the same as charity which is who is running the corporations). Oh, say the liberals, but we give of our time to these charity dinners (Yes, but that is for your own elbow rubing with pseudo-famous people. When was the last time you gave without letting anyone know you gave...hmmmmmm?). Now I'm sure someone is going to say "I Did and I'm liberal" Just remember, having to state the obvious, there is an exception to every rule but the rule still holds.
The United States was supposed to be governed loosely by a weak central government, small, efficient, with VERY limited power. What we have now is an aberration to the Constitutional design, and the solution is simple; Shrink government back to the Constitutional construction as written, NOT as interpreted.
@ capndiesalot
The United States was supposed to be governed by the Law, because nobody can be trusted with power. The Rule of Law is literal.
"If the Law makes the King, then the King is subject to the Law".
socialistic bullshit...
I cannot stand when socialists call Capitalism evil. We do not have a capitalist economy, we have a fascist economy with central control, over bearing regulation, and usuary taxation. TED is as much a bane to our society as it is a benefit. Much of their form of Zeitgeist is pure, unalderated bullshit.
Real capitalism just hasn't been implemented yet! It's all socialisms fault. Free market capitalism is the best path to prosperity. I am a retard.
@ capndiesalot: Very good posts. Pity more people won't get it; they're still stuck in their respective '-isms.' This is about preservation of oligarchy in the hands of psychopaths by any and all means necessary, which is why it's guaranteed to get a whole lot more dirty as everybody continues to defend their cherished delusions. Most would rather give their lives to defend lies rather than think for themselves and seek TRUTH. Mundus vult decipi.
I like such posts on zerohedge because they reveal the ultimate idiocy of Misesians, Hayekians and the so called market anarchists. Reading through the posts:
"I cannot stand when socialists call Capitalism evil. We do not have a capitalist economy, " Utter bullshit , this IS capitalism as it will always be. Noone in the world cares about YOUR fantasy definition of capitalism.
" If the government got out of the way of Capitalism it would work" Only in your dreams miserable anarcho-capitalists. Why is it so easy to claim that socialism will always turn to tyranny of the few but so difficult to accept that your beloved capitalism always turns into this crony scam without a SINGLE exception? Oh I know, the praxeology nonsense...
"Taxes are not the answer because only the productive class pay taxes. The lower 80% don't pay taxes and the upper 80% don't pay taxes." Bollocks, the lower 80% does not pay taxes? where does that number some from? what is the basis of this nonsense?
Miserable...
How did you come to be such a miserable dick?
What we have is Cartel, Monopolistic, Corporate Socialism, and no Rule of Law. It's a power grab, in other words, and the assumption of the proven lie and despotic tyranny of Divine Right, where "The Law is what 'we' say it is" (this is the definition of a lawless State, and the only safe dealings you can have with a lawless State, are no dealings with it at all). This is no different to the self proclaimed Satanist Aleister Crowley's "Do what thou wilt be the whole of the law". Corporate Socialism is Benito Mussolini's definition of Fascism, and he created Fascism to rescue Internationalism for Communism, after the disaster for Internationalism that was WW1. For this he was highly praised and rewarded, by the likes of Lenin, Stalin, and the Russian Communist Party. If you doubt this, here is one of his many quotes confirming that: “Fascism is the same thing as Communism.” Benito Mussolini to Alfred Bingham, 1931
It sinking in yet why the crooks aren't going to jail?
The Law and its enforcement are the sphere of Rights (e.g. Life and Property), Liberties, Freedoms, Constitutions, Bills of Rights, etc., properly protected and enforced with Justice, under the Rule of Law where power is denied, because nobody can be trusted with power. This is why representatives hold office in a Legislative Body, and make legislation rather than Law (because making Law is the exercising of power, and they don't have any, and they properly don't even 'govern'). To be 'lawful', all legislation must comply with the Law, and if it doesn't, it is 'unlawful' and illegal, and void.
This doesn't have all that much to do with the Market, other than obligations placed in Law to ensure weights & measures type things are properly implemented and supervised. The Market isn't really, and shouldn't be, a sphere of influence or concern of 'Governments' (politicians interfere with it to get their 'cut' - Free Trade agreements are actually Trade Restriction agreements, where Trade is restricted to those who make the big payoffs - for which customers pay extremely high prices which also drives up taxation when you have sales taxes, which means even higher prices), other than to ensure that criminality such as fraud is jumped on from a great height by the Justice system, and ensure that certain essentials are supported (e.g. if your Nation is an island, then the ability to build ships is retained, so that people can actually get off and back onto the island when they want to, as well has have ships with guns on them to deter invaders). When the Law governs, you will have Markets. When it doesn't, you won't (all the tables in the Casino get rigged, and when you leave the Casino, all the tables outside are rigged too).
You noticed much prosecuting of Financial and Cartel criminals happening lately? Rather notable by the lack of them isn't it?
I seriously doubt you have lived anywhere near long enough, to be able to remember what Capitalism actually is, and maybe you should spend some time seriously considering just why one of the Founding Fathers said the following:
"In questions of power, let no more be heard of confidence in man, but bind him down from mischief by the chains of the Constitution." Thomas Jefferson
"" If the government got out of the way of Capitalism it would work""
Like the USSR and PRC and Cuba and NK I presume? Those government people knew how to wrest splendor from the capitalist apes. 74 years of bliss for the USSR!
Make me a kommisar so I can share in the loot!
This seems to happen every time one feeds a unicorn...
http://www.michaelhacker.at/blog/assets/hacker_comic_unicorn_1400px-746x...
I'll wait for the properly published TedTalk. This ultra low quality bootleg bullshit is a time wasting theft that disrespects the intellectual property of its creators. Those who actually respect capitalism shouldn't need to be told so. Those with something, anything, to do did not waste their time watching some guy 100 yards away talking through a tunnel.
Oh no! Not taxes. Oh please let it be war. Oh please, please, please. Then I can shoot something. But taxes.......awwwwwwwwwwwwww. Ronnie would be sooooo upset. Please send me more money than I pay out. /Sarc off
Promises...Promises
As far as I know Mr. P Jones here created a product designed to fail (paid the rating agencies to give it A+++), put it in the open market and then bet against his own product.
Effectively a wealth transfer from people trying to stay safe (pensions, municipalities etc...) to himself.
Will the poop hit the fan? For sure, but I don't really understand why someone like him who is instrumental in creating the situation in the first place would give a speech like this.
He gunning for a private army to protect him or what ?
"Vanity of vanities, all is vanity"
"What profit has a man from all his labor in which he toils under the sun?"
Tax _WEALTH_ via capital gains and do away with taxation based on _INCOME_ because the _FUCKING_ .01% don't _FUCKING_ earn _FUCKING_ _INCOME_ they _FUCKING_ earn _FUCKING_ _CAPITAL GAINS_, eh.
NOTE: Michael Hudson should be cited more often on Z/H IMHO.
Cronyism, the convoluted tax code, excessive regulations, the national debt and the Federal Reserve are the major causes of the widening income inequality gap. Solutions: Abolish tax code and IRS. Enact Fair Tax (national sales tax). Minimize regulations to only what is absolutely necessary. Balance the budget. Start decreasing the national debt. Abolish the Federal Reserve as we know it. Replace it with an automated system as Milton Friedman suggested. Treat gold, silver and cryptocurrencies as legal tender (not as an asset) for tax purposes. The income inequality problem is counterintuitive. Big government equals more income inequality. Smaller government equals less income inequality. The middle class is the byproduct of a free market economy; it is not manufactured by a politician's tax gimmicks, minimum wage laws, or government redistribution of wealth. There is no such thing as a living wage; there is only a wage that someone can afford to pay. You have to tailor your living around your wage, not have government tailor your wage around your living. It is about supply and demand. If you have an easy time filling your employee needs, you offer lower wages, if you have a hard time filling your employee needs, you offer higher wages; because if you do not your competition will and you will be out of business. It is not about what people deserve or what is fair or what is just; it is about what the market will bear. Blame the consumer for shopping for the lowest price and blame the voter for voting for government to fix their problems.
http://prestonclive.whotrades.com/blog/43764516293
Disappointing that Jones believes he needs to fix capitalism to cure the ills he cites. He fails to recognize that rampant givernment and attempts by academics in Washington to create an egalitarian utopia have sucked up our wealth and suffocated private initiative. So his remedy fails to treat the disease. The only difference he will make will be to make the problems worse.
Just another whining leftist who wants to grab power and redistribute the wealth. He ignores supply and demand laws in favor of a Star Chamber. Ignore this bozo.
Not to worry, by the time the comets arrive this June no one will care about anything as ridiculous as debt or capitalism, only survival willl be their concern. Remember the first mainwarning sign, and black swan should be that dark companion or brown dwarf of ours coming in and playing with the edge of our system... should put on quite a show, should provide a nice 'dip' from which to buy.... right?
If you go to any search engine or YouTube.com and type in 'call center suicides' or 'call center suicide' you will find many examples and commentary about the sad reality of modern 'call center sweatshops' owned or contracted with by multinational companies who have turnover rates of 3 to 6 months only because of the way they operate such centers with the bulk of employees being newer college graduates just trying to get a start in their young adult lives away from home for the first time. Sadly, states, cities and counties have not demanded a well thought out percentage of decent housing relative to such multinational run ( and others) call center sizes and a demand of reasonable compensation relative to profit margins from call center business with the result being much of what Tudor says.
For example, at one time a major telecommunications company contracted with a call center provider in Reno, NV and call center reps were given healthy compensation in the form of commissions plus salary with the result being happier call center workers able to earn $50K to as high as 6 figures plus retirement! This reasonable model with the same contractor has now eroded to the high turnover model and below $40K for those who last 3+ years which leads me to think there should be minimum percentages of worker profit margin calculated commissions to bring up the standards of such a center.
Also, while on the subject of call centers, go to any search engine and type in 'call center illnesses' because the stress level in many is so high that from what I've seen and heard blood pressure, weight and events such as heart attack and strokes happen with regularity- the sedentary nature of that type of work doesn't help either.
At one time I worked for a major office supplies company part time at night and a woman who worked in the cubicle behind me died of a stroke. It was not without warning though because she began having blood pressure problems 3 years into doing it on a full time basis.
For those of us old enough to remember. Paul Tudor Jones was running a successful commodities investing fund -- then suddenly revealed that his successes were due to his having discovered that the markets move to the same harmonics that great composers used in their masterpieces. Shortly thereafter the market hit some patch of disonance and his investers were wiped out. Beware of "wisdom" from fools.
Detroit starts turning off residential water in April.
Revolution begins in April.
They've been turning off commercial water.
But now it's going off at home.
Prepare for fireworks soon.
Sell those RE flips by the end of the month.
I've got a great idea for an app.
No one is going to care how we got here when utilities are turned off.
Nope. A fella with three names with a southern accent is most likely a fraudster. Ya heard it here first.
Do I give a shit? Yes, and no.
Not interesting in the least.
No one cares about your thoughts re: this "ted talk"
BUY GOLD
This dude is the most fony showboating grandstanding cunt the world has ever seen ,
PTJ concoting another self governance structure? He should know best that markets are moved by greed an fear. It is because of this that we need impartial Umpires.
Free markets have been captured by a Predatory Class (Banksters the most significan specie therein). Only way out is to purge "free markets' from this virus. No leaders emerging upto the task of giving no benefit of doubt to the elitist cronies with the added support of plenty of preys just asking for more.
There are tons of regulations, guidelines, etc on ethics and self governance. Not forgetting the religious sermons. PTJ adding to this pile of junks with his "killer-app" ?
Revolutions, higher Taxes and Wars are here already....
and if you need Profits to discover justice and humanity,
you will be lost in the QE Utopia hopeum neo-liberal free IMF market-con dream.
everything will be taxed especially for you:
Irish water struggle: Thousands to march against ‘ideologically-driven’ water charges Published time: March 20, 2015 18:20Edited time: March 20, 2015 19:37
Ogle said the Irish government's planned water charges are an austerity tax introduced “by the IMF in a memorandum of understanding for the so called ‘bail out’ in 2009.”
He described Irish Water as “the economics of Milton Friedman encapsulated in one arrogant, bullying inept company.”He said the firm was unequivocally established "as a metered single utility to be privatized by a future government.”
Ogle was critical of Ireland’s mainstream media, warning it bolsters the interests of a neoliberal elite.
“Ireland’s mainstream media cheerlead the light touch regulation that wrecked our economy,” he said.
“Then they cheerlead the policy of austerity and debt socialization that we have suffered from since 2008.They understand one economic orthodoxy only – neoliberalism – and are not encouraged by their owners or editorial lines to explore other options with an open mind.”
http://rt.com/news/242717-irish-water-protest-austerity/
wr;)
Cronyism, the convoluted tax code, excessive regulations, the national debt and the Federal Reserve are the major causes of the widening income inequality gap.
Solutions:
Abolish tax code and IRS.
Enact Fair Tax (national sales tax).
Minimize regulations to only what is absolutely necessary.
Balance the budget.
Start decreasing the national debt.
Abolish the Federal Reserve as we know it. Replace it with an automated system as Milton Friedman suggested.
Treat gold, silver and cryptocurrencies as legal tender (not as an asset) for tax purposes.
The income inequality problem is counterintuitive. Big government equals more income inequality. Smaller government equals less income inequality.
The middle class is the byproduct of a free market economy; it is not manufactured by a politician's tax gimmicks, minimum wage laws, or government redistribution of wealth.
There is no such thing as a living wage; there is only a wage that someone can afford to pay. You have to tailor your living around your wage, not have government tailor your wage around your living.
It is about supply and demand. If you have an easy time filling your employee needs, you offer lower wages, if you have a hard time filling your employee needs, you offer higher wages; because if you do not your competition will and you will be out of business.
It is not about what people deserve or what is fair or what is just; it is about what the market will bear. Blame the consumer for shopping for the lowest price and blame the voter for voting for government to fix their problems.
Cronyism, the convoluted tax code, excessive regulations, the national debt and the Federal Reserve are the major causes of the widening income inequality gap.
Solutions:
Abolish tax code and IRS.
Enact Fair Tax (national sales tax).
Minimize regulations to only what is absolutely necessary.
Balance the budget.
Start decreasing the national debt.
Abolish the Federal Reserve as we know it. Replace it with an automated system as Milton Friedman suggested.
Treat gold, silver and cryptocurrencies as legal tender (not as an asset) for tax purposes.
The income inequality problem is counterintuitive. Big government equals more income inequality. Smaller government equals less income inequality.
The middle class is the byproduct of a free market economy; it is not manufactured by a politician's tax gimmicks, minimum wage laws, or government redistribution of wealth.
There is no such thing as a living wage; there is only a wage that someone can afford to pay. You have to tailor your living around your wage, not have government tailor your wage around your living.
It is about supply and demand. If you have an easy time filling your employee needs, you offer lower wages, if you have a hard time filling your employee needs, you offer higher wages; because if you do not your competition will and you will be out of business.
It is not about what people deserve or what is fair or what is just; it is about what the market will bear. Blame the consumer for shopping for the lowest price and blame the voter for voting for government to fix their problems.
This is the ass---- that tried to oust the UVa president in the most underhanded way possible by by-passing the Board of Directors and plotting with another board member in secret. He got caught and resigned from whatever position he held at UVa in disgrace. He lives somewhere in Connecticut.
Well he dont know it but Mushroom clouds it is then. I s what he said amounted to.
None of the other shit is going to happen.