Paperweight
Joined 13 years ago
Joined 13 years ago
Gamblers add liquidity, which is better for society than them hiding in a basement playing cards.
Stocks are essentially ponzi scheme financing. They have all the hallmarks. Then often literally use the cash from sales of stock to pay dividends. Most companies will never pay dividends, though, so the idea for a purchaser is to hold on and cash out while it's big before everyone else does.
Fraud is the worst when people have an expectation of trust, assuming they're protected by regulators. They never are. Madoff. Bre-X. Enron. Even highly regulated markets are always riddled with fraud. People should expect the market to be riddled with fraud and act accordingly - it keeps the populace wise.
Regulations are an attempt to get something for nothing which always just ends up with a bunch of friction, corruption, barriers to entry, and lawyers.
Dr. Jeffrey D. Hillman invented it in the 1970s-1980s at Harvard under NIH grants (https://grantome.com/grant/NIH/R01-DE004529-10). Swab inoculation and you're done. It worked perfectly in animals and humans.
In the 1990s, he founded Oragenics, to try to commercialize it. The FDA gave them the runaround for about 20 years before they finally mysteriously gave up. In 2016, he got a 17-year patent, so I guess it'll be shelved until 2033 at least.
There's something fundamentally wrong with this picture. Why should a simple application of genetic engineering from the 1980s take 50+ years to make it to market? It's either a complete scam or a conspiracy.
I've asked my optometrists and orthodontists what cause these problems and just got shrugs and big bills.
What I'm thinking is a real-life open-source "tech tree".
Examples: casting iron, making blades, making paint, making plastics, making printer ink, making pharmaceuticals that actually work, etc.
It really seems that at this stage in the game we should be able to form "off-grid" villages that actually have a pretty good standard of living. Or is that all forbidden knowledge in this stage of our technological enslavation? ;)
I posit that there will always be this conflict until cities have a blue federation superimposed on a red countryside. But the constitution isn't set up that way. Maybe next time.