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Profit-Motive and the Money-Mentality


I have anguished over the "profit motive" for many years but had this anguish accelerated when the movie, "ZEITGEIST Addendum" came out. I am concluding that there are at least two kinds of profit, thus profit-motives:

A) Just and deserved reasonable profit from the production of products and services that truly benefit society;

B) Unjust enrichment derived from the production of shoddy and/or unwanted products/services, as well as gambling and/or cheating and/or illegal activities.

Since the cultural Marxist influence of the 1960s, I have seen an alarming number of people move from a profit-motive based on A to a profit motive based on B.

This I have called the MONEY-MENTALITY in respect of my late father who recently passed away. My dad was a psychiatrist and had seen it all -- in charge of some of society's most dangerous and insane at state hospitals, such as NORRISTOWN STATE and HAVERFORD STATE, as well as a corporate physician able to observe some of the best and brightest at places like, the DUPONT CORPORATION. My father used to call them the "MONEY-MENTALITY." To him this was probably a mental disease, and probably needs to be categorized as some sort of perverse obsession.

Basically the MONEY-MENTALITY is defined as a person that obsessively works mainly for money: not excellence, needed and wanted products/services or the betterment of society. More is never enough. "Greed is good," as the money-mentality writers and studio executives from Hollywood spew. The money-mentality wants to better himself and maybe his family and will do it at the expense of society "justifying" it by concluding that self-interest generates an emergent property that is the foundation of capitalism.

Indeed, business is full of the money-mentality.

Business schools turn them out like hoards of beer drinkers endlessly pissing;

Wall Street sucks them up, Hollywood glorifies them;

The stock market ricochets all over the graph because of them;

Credit Default Swaps and Collateralized Debt Obligations are their gift to humanity;

Gamblers epitomize the money mentality;

Day traders are useless gamblers;

Las Vegas and Atlantic City are temples built to the gambling money-mentality;

The State Lottery is a disease of the money mentality;

Congressmen, seeking endless office, support and depend on the money-mentality;

The executive demanding or accepting salary/bonuses 500 times his fellow employees is the sickest manifestation of the money-mentality;

The celebrity and his greedy/hostile agent are not far behind, puking their hostile and violence-oriented "art" into the culture;

The BabyBoomer getting rich, so s/he can screw and drug away his or her life is the logo of the money-mentality;

The money mentality is out there using and abusing the capitalist system in order to enrich himself at the sake of society. S/he justifies this with "the profit-motive." This creature says: "Hey what's wrong with making money in America, it's a free country. You against capitalism?"

Yes, one SHOULD be against the kind of capitalism the money-mentality, with its "profit-motive" justification, practices: MONOPOLY CAPITALISM and UNBRIDLED CAPITALISM at their worst. Certainly the money-mentality does NOT practice FREE-ENTERPRISE CAPITALISM, nor is the money-mentality's "profit-motive" justified.

Know the money mentality running roughshod over free-enterprise capitalism by whether he does A or B. Know that the current meltdown we are all suffering is BECAUSE of the money-mentality.

02 March 2009
2/9/2019, 12:39 am Link to this post PM James Jaeger Blog
 
Extropia DaSilva Profile
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Re: Profit-Motive and the Money-Mentality


I think we are talking about the difference between value creation and value extraction. Everyone who gets rich claims to have ‘made money’, which is another way of saying ‘I have created wealth’. Some people do indeed contribute to the creation of wealth. They do this by collaborating on the creation of new products and services that, for the most part, make our lives better. But there are others who don’t do this. They get rich through gambling and other ways of gaining profit from the misfortune of others. Of course, there’s nothing illegal in what they do and they could be said to play a role kind of like scavengers in nature who target the lame and strip them of their meat (or their ‘assets’ in the case of the capitalist scavengers). Nature needs scavengers and no doubt markets do too. But the problem is is that all too often these people fancy themselves as wealth creators. But they rarely build anything, and instead just take advantage of the decline of something in order to line their own pockets.

2/9/2019, 2:28 am Link to this post PM Extropia DaSilva Blog
 
spud100 Profile
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Re: Profit-Motive and the Money-Mentality


This is an article by Brian Wang on this topic focused on Climate Change or Pollution, or whatever. The point is in the headline, a behavioral analysis, and likely, very, true.

[sign in to see URL]

--Log in or sign up to see linked image content--

The upside is, it gives ourselves a tool that may consciously assist in species survival, rather than unconsciously, stumbling unaware, through our daily lives. Or, I may be too optimistic?
2/9/2019, 7:28 pm Link to this post PM spud100 Blog
 
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Re: Profit-Motive and the Money-Mentality


No, I don’t think you are too optimistic. The fact that money motives have lead to some people and groups doing bad things should not lead us into believing money itself is bad. Money is essential and has been since before there were people. Evolution would not work without it (this is because the fitness criteria that is the basis for natural selection has to calculate the economic benefit and costs of adaptations, and those calculations are money).



2/10/2019, 3:44 am Link to this post PM Extropia DaSilva Blog
 
spud100 Profile
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Ok, thanks Extropia. It was just an idea to get things that we need to do, a bit quicker. We take what nature hands us, and run with it.
2/10/2019, 12:09 pm Link to this post PM spud100 Blog
 
James Jaeger Profile
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Re: Profit-Motive and the Money-Mentality


>I think we are talking about the difference between value creation and value extraction. Everyone who gets rich claims to have ‘made money’, which is another way of saying ‘I have created wealth’. Some people do indeed contribute to the creation of wealth. They do this by collaborating on the creation of new products and services that, for the most part, make our lives better.

Agree.


>But there are others who don’t do this. They get rich through gambling and other ways of gaining profit from the misfortune of others.

We could almost list them:

0) Fed-member bankers

1) Stock Market Speculators

2) Gamblers and Lottery players

3) Hedge fund managers

4) Insurance brokers

5) Hospitals

6) Tow truck drivers

7) Auto Mechanics

8) Most Lawyers

9) All entrenched congressmen

10) K-Street Lobby firms

11) Governments


>Of course, there’s nothing illegal in what they do

Because they lobby to make what they do "legal."

>and they could be said to play a role kind of like scavengers in nature who target the lame and strip them of their meat (or their ‘assets’ in the case of the capitalist scavengers).

Show me in 0 - 11 of above.

>Nature needs scavengers and no doubt markets do too.

Why does nature need scavengers?

>But the problem is is that all too often these people fancy themselves as wealth creators. But they rarely build anything, and instead just take advantage of the decline of something in order to line their own pockets.

I lump them all into the "money mentality" -- people who want to make money and not produce quality products. The money mentality is also the criminal mentality. The criminal mentality can be boiled down to this:

SOMETHING FOR THE CRIMINAL, NOTHING FOR THE SOCIETY.

Governments and the Federal Reserve are the biggest criminal mentalities.

The state extracts money from the people and claims it will protect them. Fact is the state usually arrives AFTER the crime yet gets paid. Something for the state, nothing for the citizen. So we pay the state to arrive late and to threaten. They threaten in an attempt to prevent future crimes. That's their "justification." Let's add to the natural danger in the environment a "leviathan" (as Hobbes called it) roaming the land looking to "protect" and eat us.

And the Fed Bankers, the biggest criminals on the planet, finance the Leviathan with debt-backed fiat currency. They not only steal debt-backed money that already exists, they MAKE debt-backed money and then even steal that. Then they give part of that money to the state and ask them to protect THEM.

So the state literally steals money at gun point (calls it "taxes") and justifies the grand larceny with (police state) protection. But the real protection the state provides isn't to the citizen (that's a mirage), it's to their banking accomplices, the criminals who counterfeited the very money the state uses to buy guns to protect themselves and extort yet more money. So we have another category of scavenger -- the weapons manufacturer. This may be the worst scavenger as this is what we call the Military-Industrial Complex and they get over $700 billion of the stolen money (taxes and monetized debt) every year out of the US "defense" Budget.

Only "intelligence" could devise such an immense racket of injustice. Dod help the Human Race it is also invents ARTIFICIAL intelligence.



Last edited by James Jaeger, 2/11/2019, 3:03 pm
2/11/2019, 2:51 pm Link to this post PM James Jaeger Blog
 
James Jaeger Profile
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Re: Profit-Motive and the Money-Mentality


<snip> ... should not lead us into believing money itself is bad. Money is essential and has been since before there were people.

Actually people didn't use money for the first 195,000 years of their existence.

Money is bad.

Money is a constant reminder of scarcity.

Money is a constant creator of scarcity.

Money is the basis of politics, the science of fighting over scarcity, for scarcity begets scarcity.

Only a sick and perverted species would create a system to tally up the items in an infinite universe and then use the invention of "money" to dole them out to other sick and perverted beings who are willing to sacrifice themselves to the myth of scarcity.

Money IS bad, very bad.


Last edited by James Jaeger, 2/11/2019, 6:38 pm
2/11/2019, 6:35 pm Link to this post PM James Jaeger Blog
 
Papa Guinea Pig Profile
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2/11/2019, 7:26 pm Link to this post PM Papa Guinea Pig Blog
 
Extropia DaSilva Profile
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People did not have a physical or symbolic representation of money. However, they must have had some vague notion of cost. Had they not have possessed such a notion, they would never have known when something was not worth doing. They were therefore performing the calculations that are money.

Scavengers are needed to keep everything clean and tidy.

Do you know what the greatest investor of innovation is? I will tell you who it is not. It is not angel investors like Peter Thiel. What people like him possess is a keen sense of timing. They get in on a project when it is almost, but not quite, ready to hit the market. They give it that final push needed to get it over the line and become a product fit for mass consumption.

But before that there is much R+D to be done, including funding the basic science that underpins technologies like lasers, microchips and nuclear fusion. It is government which funds this research, making government the greatest investor of all. However, due to the way government contribution is handled in modern economics, it is made to seem like it is always the private sector that is the innovator. It is almost as if we go out of the way to present the government as either being neutral or having a negative effect on value creation, while also going out of the way to present the financial sector as the greatest contributor to value when it mostly just moves money around.

2/13/2019, 2:21 am Link to this post PM Extropia DaSilva Blog
 
James Jaeger Profile
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>People did not have a physical or symbolic representation of money. However, they must have had some vague notion of cost. Had they not have possessed such a notion, they would never have known when something was not worth doing. They were therefore performing the calculations that are money.

Then you're saying that money is a tally system.

>Scavengers are needed to keep everything clean and tidy.

Oh, that's good.

>Do you know what the greatest investor of innovation is? I will tell you who it is not. It is not angel investors like Peter Thiel. What people like him possess is a keen sense of timing. They get in on a project when it is almost, but not quite, ready to hit the market. They give it that final push needed to get it over the line and become a product fit for mass consumption.

I call them pussies, or last money in investors. They don't have the courage to push the wagon up the hill but they sure want to ride it down. These assholes are all over the movie business. In past years I would kill myself financing and producing a feature and then the big investors would come into the project at the first rough cut. I now am in a position to tell them to go !@#$ themselves and their money as I have a track record of 9 movie completions. [sign in to see URL] I thus go OUT OF MY WAY TO TAKE REVENGE ON INVESTORS WHO PREVIOUSLY RODE THE WAGON DOWN THE HILL BUT WOULDN'T HELP WITH THE PRODUCTION WHEN WE NEEDED THE HELP THE MOST. I don't accept their subscription. This drives money people wild -- when they can't BUY their way into something. I learned this little tactic from my friend Steven Spielberg. Steven is very NON-confrontational. He will never yell at anyone. You will just never get near his projects if you are an asshole investor -- or WERE an asshole investor while one of his friends was getting started. So here's what seems to be the unwritten policy of the New Hollywood:

FILMMAKERS OF THE WORLD TAKE NOTE ON WHO DIDN'T HELP THEM -- OR WHO FUCKED THEM -- WHEN THEY WERE GETTING STARTED AND THEN THOSE INVESTORS ARE PLACED ON A "KILL LIST" AND BLACKBALLED FROM ANY FUTURE MOVIE INVESTMENTS AS PUNISHMENT.
   
>But before that there is much R+D to be done, including funding the basic science that underpins technologies like lasers, microchips and nuclear fusion. It is government which funds this research, making government the greatest investor of all.

Government may be the first in, but then they bury the fruits under the banner of "national security." So the gov is the number one enemy of free market entrepreneurship because they steal the fruits of innovations -- ESPECIALLY energy innovation. You can bet your bottom dollar they are behind the suppression of alternative cheap or free energy technologies like fusion, zero point, cold fusion, and who knows what else. And the proof of this is how the DOE commingles the quality control of the national stockpile with energy R&D. Even though the world is STARVED for CLEAN energy, the state !@#$ everyone by stealing or suppressing cutting edge technology in the name of Seeee-curity."

>However, due to the way government contribution is handled in modern economics, it is made to seem like it is always the private sector that is the innovator. It is almost as if we go out of the way to present the government as either being neutral or having a negative effect on value creation, while also going out of the way to present the financial sector as the greatest contributor to value when it mostly just moves money around.

In general: your average investor is a pussy and the gov is a thief. Bankers are even bigger pussies.

Real entrepreneurs are people like Nikola Tesla, Elon Musk, George Lucas, Michael Ovitz and the Wright Brothers.

!@#$ all the rest.



Last edited by James Jaeger, 2/13/2019, 8:48 pm
2/13/2019, 6:01 pm Link to this post PM James Jaeger Blog
 


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