MCViewPoint

Opinion from a Libertarian ViewPoint

Capitalism has new rules. And they’re seriously messed up. | The Daily Bell

Posted by M. C. Fox on May 6, 2018

And New Rule #1 is: Businesses no longer need to make money.

Classic example easy cash via the Fed. Easy money+stupid government inspired programs=YOUR money down the drain.

The government subsidizes Tesla production otherwise it is economically unfeasible. The government provides rebates for Tesla buyers because otherwise they are economically unfeasible.

Tesla has production problems. No probs, there is more easy out there for investment.

Tesla is a bridge to nowhere on steroids.

Banksters and government (sorry, I repeat myself) are pushing for a cashless society.

Cash in your pocket is not part of the plan. The only wallet for digital dollars is a bank computer. Banks will charge you to keep your digits and there is nothing you will be able to do about it. Banksters/government can play there digital games to make money from your money then charge you for it. That is what ‘negative interest’ is all about.

Ron and Rand Paul want to end the Fed.

They want to keep government and banksters out of your business and your life.

Yes, you should have voted for Ron Paul and there is no substitute on the horizon.

http://www.thedailybell.com/news-analysis/capitalism-has-new-rules-and-theyre-seriously-messed-up/

It was just a month and a half ago that Tesla approved an eye-popping long-term pay package, worth as much as $50 BILLION to founder and CEO Elon Musk.

And on Wednesday afternoon, Tesla held its first corporate earnings call since then.

You’d think that Elon would have been gracious and professional, anxious to demonstrate that the shareholders’ trust in him has been well-placed.

Instead the call was filled with contempt and disrespect, with Elon outright refusing to answer questions that he deemed ‘boring’.

Bear in mind, Tesla’s financial results were gruesome; the company burned through yet another $1.1 billion in cash last quarter. That’s 70% worse than in the same period last year.

Even more problematic, Tesla is losing money at such an unexpectedly fast rate that they’ll likely run out within the next several months.

According to the Wall Street Journal’s analysis, Tesla doesn’t have enough cash to cover its basic debt payments and capital leases due within the next six months.

Needless to say, investors are worried.

The shareholders and analysts on the call kept pressing Elon to explain how the company was going to survive, and how he would turn around Tesla’s notorious production challenges.

But Elon completely dismissed any such questions as “boring”, “bonehead”, and “not cool”.

Pretty amazing.

I mean, this guy was given a potentially $50 billion compensation package just six weeks ago.

So the LEAST he could do was answer his investors’ completely reasonable questions.

But he didn’t. It’s almost as if he deliberately wanted to show as much disrespect as possible to the trust and confidence that shareholders have placed in him.

This is a pretty despicable attitude for any executive to have.

Yet this whole situation is emblematic of what I call ‘the new rules of capitalism.’

And New Rule #1 is: Businesses no longer need to make money…

Be seeing you

seat belt

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