megalomania corporatisation debt bust

Do you wonder why all these large venture capitalist, investment bankers, financial institutions, sub prime finance, and hedging funds take more risks.???

Its all about ego and do they give themself a pat on the back too with 10 million plus salaries. These companies have made huge wads of cash and the conservative rules that governed those before them have been swept aside.

Manny of these peoples egos are held together by greed power and money if you take that equation out of their lives they would probably be on drugs escaping from their lust for power.

What we have here is companies treating essential services like a comodity, and all the superannuation funds, finance corporations, investing in these companies.
The next time you pay for a phone bill, gass bill, fuel bill, water bill, internet, electricity, garbage collecion through council, and even you grocery bills and you think you been riped off, you probably have.

WHY?? because your superanuation and finance companies, hedge funds all invest in most of those companies. When you make profits from your investments thinking you have made money, you are WRONG, you paid for it by paying over inflated prices for essential services and food.

Which brings me to the next point. Over the last 10yrs there has been a huge corporatisation of Australia and this means now around 90% of our income goes to less than 12 companies either as spending or investment. Therefore if and when we have an economic downturn we are going to be hit hard as all our cash and ecomomic stablility is in a handful of people, thanks to John Howard.

This over corporatisation means that little of the wealth is spread in the economy accept through wages and therefore the national disposable income is sevearly affected.

This explains the credit problem in Australia at which indicates people are having troulbe surviving due to low wages high cost living.

A further point, that John Howard only kept a lid on wage inflation because no one could afford to strike, they were too much in debt.

Isnt it amazing how greed can overlook fundamental econmics.

Below I have a definition of meglomania which I think describes the grab for cash and extravagant of manny of the corporations listed on the asx

megalomania /meg·a·lo·ma·nia/ (-ma´ne-ah)
unreasonable conviction of one's own extreme greatness, goodness, or power.megaloma´niac

Dorland's Medical Dictionary for Health Consumers. meg·a·lo·ma·ni·a (mg-l-mn-, -mny)
n.
1. A psychopathological condition in which delusional fantasies of wealth, power, or omnipotence predominate.
2. An obsession with grandiose or extravagant things or actions.

food for thought