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#15237412
The presence of gold dust in these valleys in such paying quantities seemed to indicate that there must be gold in the mountains from which the sand had been washed and yet, up to the arrival of foreigners, quartz mining was almost unknown, or but poorly carried on. Conces- sions have of late years been granted to American, German, English, and French syndicates, and others have been demanded. As far as they have been worked, they are paying well.
With the exception of gold dust, which is largely exported to make up the balance of trade, Korean ginseng is the most profitable article of commerce in the kingdom. The variety of red ginseng, prepared from that grown here, and the preparation of which is a secret, is most highly prized in China. It is a government monopoly, and the output is very carefully guarded in the fear that an overstocking of the market may produce a "slump" in price.



Korea's resources are numerous, her possibilities are great and, for her size, with a proper government and good advisers, she would soon be a rich little country; but at the present time everything is most primitive. On reaching her shores and mingling among her people, especially when we first arrived, we felt that we were suddenly transplanted to the Middle Ages.
Each farm and farmer was almost absolutely self- dependent. True, their tools were crude, their means were meagre ; but it was astonishing to see the feats they had accomplished without machines of any kind. If you desired a piece of thick rope you could not purchase it...



With such a primitive people, great wealth, as we understand it, would not exist; and yet, there are powerful nobles, who have large estates and ample in- comes ; but to a Korean, unless he has influence with the powers that be, the possession of wealth will be a snare and a hindrance, rather than a benefit. It will be the bait to tempt some shark of an official. Some charge will be trumped up against him, his ar- rest ordered

It is only fair to note, however, in this connection, that the Korean, placed in favorable surroundings, proves himself neither lazy, shiftless, nor slow.In Hawaii, on the sugar plantations, the overseers have been very quick to recognize the value of the Koreans, asserting that they are more industrious, frugal, and sober than any laborers they have ever had. The superintendents of the Korean mines, both English and American, men who have had experience with every kind and class of miners in Australia, Col- orado, Alaska, and South Africa, are unanimous in awarding the palm to the Korean. The American and Korean Electric Company of Seoul have found the Korean not only reliable as a laborer but quick to learn and soon able to work into positions as con- ductors, motormen, and assistant engineers, and that in this work they are steady and trustworthy.


In 1868, at the tail end of the Industrial Revolution, with the Assassin Brotherhood all but eradicated in Victorian London, twins Jacob (Paul Amos) and Evie Frye (Victoria Atkin) leave Crawley for London and arrive to find a city controlled by the Templars, with both the Church and the Monarchy losing their power. Raised as Assassins to follow the Creed, Jacob and Evie aim to take back the city from Templar control by infiltrating and uniting London's criminal underworld,[5][13] aided by notable figures of the era such as novelist Charles Dickens (Des McAleer), biologist Charles Darwin (Julian Richings), inventor Alexander Graham Bell (Mark Rowley), political theorist Karl Marx (Matthew Marsh), nurse Florence Nightingale (Helen Johns), Maharaja Duleep Singh (the last maharajah of the Sikh Empire) (Avin Shah), Sergeant Frederick Abberline of the Metropolitan Police Service (known for his investigation of Jack the Ripper) (Sam Crane), and Queen Victoria (Ellen David).[14][15] Additionally, Jacob's granddaughter, Lydia Frye (Lisa Norton), appears in a separate World War I segment, where she aids Winston Churchill (Rick Miller) in defending London against a new enemy espionage faction.[16]

With his lieutenants dead, Starrick moves to retrieve the Shroud and kill Britain's heads of church and state. Jacob and Evie argue over his recklessness and her inaction, but agree to work together to stop Starrick. They infiltrate a ball held at Buckingham Palace, but Starrick beats them to the vault and obtains the Shroud. With Henry's help, the Frye twins kill Starrick, before reconciling and returning the Shroud to the vault. For their deeds, Queen Victoria knights the Frye twins and Henry.

The seven boroughs of London featured in the game are Westminster, the Strand, the City of London, Whitechapel, the Thames, Southwark and Lambeth.[1]
#15237420
Mike12 wrote:
The seven boroughs of London featured in the game are Westminster, the Strand, the City of London, Whitechapel, the Thames, Southwark and Lambeth.[1]



A video game review belongs in a different forum.

As is the case with movies, accuracy is not high on their priority list.

There are, however, a goodly number of reasonably accurate books of historical fiction. Just remember the further back you go in time, the more gaps the author has to fill in.

One of my favorites is The Coffee Trader. It brings to life a lot of things that usually get missed.

#15237426
late wrote:A video game review belongs in a different forum.

As is the case with movies, accuracy is not high on their priority list.

There are, however, a goodly number of reasonably accurate books of historical fiction. Just remember the further back you go in time, the more gaps the author has to fill in.

One of my favorites is The Coffee Trader. It brings to life a lot of things that usually get missed.


Oops pardon if you don't report it I just reacted to Reagan a bit. The quotes are "The Call Of Korea: Political, Social, Religious (1908)" with footage of the Westminster area.
#15237428
Mike12 wrote:
Oops pardon if you don't report it I just reacted to Reagan a bit. The quotes are "The Call Of Korea: Political, Social, Religious (1908)" with footage of the Westminster area.



The last time I reported anything was a few years, and a few forums, ago. It was anti-Semitic, so worries.
#15237493
pugsville wrote:
"How does a Free Market Prevent monopolies and cartels?"

Truth To Power wrote:By giving profits to those who compete with a monopoly or cartel.


TtP, you are totally mistaken. Try reading some economic history. See: Standard Oil and US Steel corps, as examples of how a monopoly can be formed in a Free Market.
They persist because they crush small competitors as soon as they start up, or buy them out.

.
#15237495
Potemkin wrote:Strong labour unions can certainly distort the working of free market capitalism. But free market capitalism distorts the lives of countless millions of working people.


Yes.

Capitalism is bad, unless it is regulated. This is why Citizens United was such a bad decision. It ended good regulation.

Too strong Unions can also be bad.

We need to find and keep for generations a happy middle.

.
#15237497
Steve_American wrote:Yes.

Capitalism is bad, unless it is regulated. This is why Citizens United was such a bad decision. It ended good regulation.

Too strong Unions can also be bad.

We need to find and keep for generations a happy middle.

.

Reformists…. :roll:
#15237498
Potemkin wrote:Before you can transcend capitalism, you must first understand capitalism. There is an inner logic to the capitalist system, and any attempt to distort that inner logic - to have ‘capitalism without capitalism’ - will have unintended consequences, usually very unpleasant consequences. Running the economy at full employment, for example, had the effect of distorting the market in labour-power, which removed labour discipline and ruined productivity. Capitalism needs its reserve army of unemployed. You cannot simply reform it away.

Potemkin, doesn't Communism also suffer from the same problem? That is full employment leads to lazy workers.

Or, maybe that is just not necessarily true.

MMT thinks that its national/local Job Guarantee Program will keep those unemployed by/in the free market, working in a Gov. program for a socially inclusive wage doing something useful for the local community, and that this will not be inflationary nor make all JGP workers become lazy.

Potemkin wrote:Oh, and as for supply-side policies being imposed during the 1980s, I thought it was too obviously true to require evidence.

Supply-side economics


So what is supply-side economics? From a little reading in the link, it is the Laffer curve and tax cuts to increase economic growth. Note how they are both about tax cuts. So, S-S econ. is just tax cuts.

AFAIK, Regan did other things. Things like gut labor and anti-trust laws, etc.

IMHO, S-S Econ. and Repud talking points are are just BS to cover over a different goal. That is the goal to make the rich richer and everyone else poorer. They are BS because Laffer was talking about tax rates over 75% and Trump reduced taxes from 35% to 21%, more or less. And, neither Laffer nor Trump increased Gov. revenue for longer than for a short time.

And, yes, Reagan spent like a drunken sailor. He proved that inflation does not result from deficit spending. OPEC had proven that one major source of inflation is monopoly pricing power. Mainstream economists don't talk about this because they work to benefit the owners of the monopolies, except not OPEC. The other source of inflation is shortages, like in a pandemic or crop failures from droughts from climate change.

.
#15237502
late wrote:Now that the labor market is tight, employers are going to have to be nicer to their employees.

The idea that Reagan was supply side is funny. The idea is that govt spending takes money out of the economy. Reagan added a lot of govt spending. He also added a lot of debt. Carters 4 years of debt is not much larger than one year of averaged Reagan debt.

You may think you're Left, but as long as your economic ideas are that far to the Right, everything else isn't going to amount to much.



How can you be so wrong, so often? We'd get better odds from a random number generator.

- - -


A Rude Awakening Is Ahead for Young Employees
By Daniel E. Greenleaf, The Wall Street Journal
July 4, 2022

Workers of a certain age and attitude will have to reckon with the coming recession. Rising inflation and a market downturn guarantee layoffs. The days of expecting employers to be grateful for your application will be gone soon.

People who started work in the past dozen years are about to experience their first tough job market. Younger employees—not all, but many—will need to make more realistic demands of the workplace.

The last recession ended in mid-2009 with unemployment at 9.5%, about 2.5 times what it is today. Anyone who finished college since 2010 has known mostly good times in the job market. The same is true of many who entered the workforce directly from high school. There was competition, but it was for employees rather than jobs.

Workers’ expectations changed, along with their willingness to do hard work. A hot job market gave employees an unrealistic sense of their irreplaceability. At our call centers, absenteeism and attrition climbed. We found less loyalty among technical staffers, who often jumped employers for a slight increase in salary or a change of scenery.

We couldn’t find the committed workers we needed here, so we looked offshore. Today, 70 people work for us in Bangalore, India, and there will be more than 120 by the end of the year. We’ve found the same level of talent as in the U.S., but with turnover this year of less than 5%. And by reducing labor cost, the shift allowed us to reward motivated U.S. employees with more money.

A motivated employee is willing to come into the office. This requirement runs contrary to the post-pandemic work-at-home revolt, but it creates the best experience for the patients we serve, boosts team morale, and helps our employees develop professionally.

I don’t mean to sound like a curmudgeon. As a father of two young adults with strong work ethics, I know there are plenty of wonderful young employees out there. Still, fellow CEOs often tell me how hard it is to recruit and retain employees who want to learn and grow on the job and then stay long-term.

Job security will again take precedence over job hopping. Surging prices and a wave of layoffs would give younger workers a newfound appreciation for their paychecks. Workers will feel fortunate to commit to a company and think about moving up rather than moving on. They’ll think more about what they can do to improve the customer experience and less about what they don’t feel like doing.

A recession will be a rough way to learn this important lesson, but employees and employers will be better for it.

Mr. Greenleaf is president and CEO of Modivcare, a healthcare services company based in Colorado.

https://www.wsj.com/articles/rude-awake ... 1656942280
#15237504
BlutoSays wrote:How can you be so wrong, so often? We'd get better odds from a random number generator.

- - -


A Rude Awakening Is Ahead for Young Employees
By Daniel E. Greenleaf, The Wall Street Journal
July 4, 2022

Workers of a certain age and attitude will have to reckon with the coming recession. Rising inflation and a market downturn guarantee layoffs. The days of expecting employers to be grateful for your application will be gone soon.

People who started work in the past dozen years are about to experience their first tough job market. Younger employees—not all, but many—will need to make more realistic demands of the workplace.

The last recession ended in mid-2009 with unemployment at 9.5%, about 2.5 times what it is today. Anyone who finished college since 2010 has known mostly good times in the job market. The same is true of many who entered the workforce directly from high school. There was competition, but it was for employees rather than jobs.

Workers’ expectations changed, along with their willingness to do hard work. A hot job market gave employees an unrealistic sense of their irreplaceability. At our call centers, absenteeism and attrition climbed. We found less loyalty among technical staffers, who often jumped employers for a slight increase in salary or a change of scenery.

We couldn’t find the committed workers we needed here, so we looked offshore. Today, 70 people work for us in Bangalore, India, and there will be more than 120 by the end of the year. We’ve found the same level of talent as in the U.S., but with turnover this year of less than 5%. And by reducing labor cost, the shift allowed us to reward motivated U.S. employees with more money.

A motivated employee is willing to come into the office. This requirement runs contrary to the post-pandemic work-at-home revolt, but it creates the best experience for the patients we serve, boosts team morale, and helps our employees develop professionally.

I don’t mean to sound like a curmudgeon. As a father of two young adults with strong work ethics, I know there are plenty of wonderful young employees out there. Still, fellow CEOs often tell me how hard it is to recruit and retain employees who want to learn and grow on the job and then stay long-term.

Job security will again take precedence over job hopping. Surging prices and a wave of layoffs would give younger workers a newfound appreciation for their paychecks. Workers will feel fortunate to commit to a company and think about moving up rather than moving on. They’ll think more about what they can do to improve the customer experience and less about what they don’t feel like doing.

A recession will be a rough way to learn this important lesson, but employees and employers will be better for it.

Mr. Greenleaf is president and CEO of Modivcare, a healthcare services company based in Colorado.

https://www.wsj.com/articles/rude-awake ... 1656942280



Yeah I'm, sure he misses slavery
#15237512
BlutoSays wrote:Yeah, I'm sure you go through life with a chip on your shoulder.


Some verty rich dude complaining that poor people don;t value he's shite end jobs and worker tireless for sub-minimum wage.......

It's not young people donlt want to work , is that they can recognize a con when they see one,


Unlike you who believes everything that comes through the slot in your cell door,..

You literal take everything at face value in these articles, you question NOTHING. Zero Critical thinking.

just if you havd been able to experience wider society before you were locked away......
#15237548
BlutoSays wrote:
How can you be so wrong, so often?

We'd get better odds from a random number generator.



You're projecting again...

While you are constantly wrong..

This is simple, recessions are temporary, the labor shortage will last for decades. It's pretty much permanent.
#15237600
BlutoSays wrote:Yeah, I'm sure you go through life with a chip on your shoulder.


...Representatives and direct Taxes shall be apportioned among the several States which may be included within this Union, according to their respective Numbers, which shall be determined by adding to the whole Number of free Persons, including those bound to Service for a Term of Years, and excluding Indians not taxed, three fifths of all other Persons....

...No Person held to Service or Labour in one State, under the Laws thereof, escaping into another, shall, in Consequence of any Law or Regulation therein, be discharged from such Service or Labour, but shall be delivered up on Claim of the Party to whom such Service or Labour may be due....

13th Amendment
Section 1
Neither slavery nor involuntary servitude, except as a punishment for crime whereof the party shall have been duly convicted, shall exist within the United States, or any place subject to their jurisdiction.

Section 2
Congress shall have power to enforce this article by appropriate legislation.

#15237602
I heard Tom Sawyer's the saving the world American . . . . of the calvinist predestination communion . . . Picking up the Captain Britannia shields. . .


Got a gun for his fellow man . . . Got a tartan dress wherever he goes for a little civilization in japanese occupations . . . Tom Sawyer spends too many bullets and works for the Secret Service. We're all in the Secret Service man.

https://youtube.com/clip/UgkxY-OYoxyRkq ... EnIBkBy3O5

Tom Sawyer got the accent ya'll know and love. Presbyterian Tom Sawyer.. .Poops outside...
#15237617
pugsville wrote:That does nothing to stop the formation of monopoly or cartel

It most certainly does, as we have seen repeatedly with attempts to monopolize commodity production.
but provides incentives to do so.

No, it provides an incentive to compete and defect.
Investors would rather invest in a more profitable company, ie the monopoly,

The monopoly is only more profitable as long as it is a monopoly. As soon as a competitor outcompetes it, it is no longer a monopoly, and its excess profits disappear.
Capitalism inherently favours cartels and monopolies, higher profits less risk.

Capitalism favors monopoly because it makes land private property. As Marx himself observed, land monopoly is the mother of all monopolies. But the fact that capitalism favors monopoly does not mean free markets do. A free market is impossible under capitalism.
Capital will natural flow to those rather than competitors.

If there are competitors, then there is no monopoly. See how that works?
#15237618
Steve_American wrote:TtP, you are totally mistaken. Try reading some economic history.

I have read far more of it than you, and I will thank you to remember it.
See: Standard Oil and US Steel corps, as examples of how a monopoly can be formed in a Free Market.

What free market?
They persist because they crush small competitors as soon as they start up, or buy them out.

Outside natural monopolies like utility infrastructure, they can't without government-issued and -enforced monopoly privileges.
#15237619
Truth To Power wrote:I have read far more of it than you, and I will thank you to remember it.

What free market?

Outside natural monopolies like utility infrastructure, they can't without government-issued and -enforced monopoly privileges.

2 posts on monoplies. they DID have 4 posts on monopolies. I never met communist professors. There are none in micro-economics , macro economics, econ 400 whats that, advanced economics. Efficiency is opposed to the equality, and efficiency has inequality. A mean system? Its a mean system that can tell farmers to go to factories and factories to go to the farms. Companies can refuse to be publicly traded and be privately held, there is no necessity they are ever part of being in a "buy out". There are no world-conquering economics.? The customers of a competitor, what do you do about that, thats silly, they have customers, they won't switch.

Invariably this is a switch to the national socialist government production or the communist associations. Now countries got flags for who produced 1 widget or 2 widgets, isn't that it. The countries that are Not the Industrial Revolution isn't that it, that got flags for this for 1 productions or 2 productions.

On top of not having to be bought out or no hostile take-overs, there are no abuses of customers in the eras without government regulations. They've said don't sell cigarettes with kids cartoon ads.
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