InternationalCapital
You hear the term in period plays. It comes from the actor referred to as his lordship and is often linked to “my good man”. It is also our bankroll that we take to the tables. We then practice bankroll management or should if longevity is our goal. You just can’t over commit and prosper without refunding.
A great example of that is our government. They really aren’t into bankroll management. They are damn good, though, at refunding – compliments of you and me.
Government is growing and that growth is by leaps and bound. Whether Republican or Democrat, it is the era of big government. We’ve moved from capitalism to socialism. I really don’t have a problem with socialism. It just doesn’t work well with a capitalist society. England proved that fairly well. You can have components of it but you can’t really embrace it with excessive national resources. The Scandinavian have somewhat pulled it off. It is a combination of a limited population and a boutique economy. That isn’t a description of this country.
Most of us are funding our accounts with a minuscule portion of our income. Our success or failure at the table won’t move us up or down from our middle income ranges. It is an encounter with managing disposable income for most of us. It might earn us a bit nicer vacation or cause us to skip a fine dining experience. No big deal.
Well, our economy is a big deal. It is a growth oriented one. That is hard to maintain and is capital intensive. Big government is the antithesis of the capitalist paradigm. We don’t have to embrace capitalism unless we want to maintain our excessive American lifestyle. There are folks that reject that and get a little plot where they live on a subsistence basis. Most of us aren’t looking for a hippie commune lifestyle.
You, I, and all those greedy corporations are after the pot of gold. The nation is set up in such a way that it accommodates it better than in any other country. Both parties are moving us away from that. Their goal is a more equitable society and world. That isn’t a +EV situation for you and your children/grandchildren. The world can’t come up to our lifestyle. The new goal would be to drop to a new level that floats all boats.
We idealist may see socialized medicine as more than a solution; it is a right. We point to a number of Euro models that have it with varied degrees of success. There’s probably a way to get that here – at least to a greater degree. But, those without insurance are not taken out behind the barn an shot. Society accommodates their plight to an extent through charity and government programs.
The thing that the U.S. ignores is bankroll management coupled to disposable income. That works for our poker play. That doesn’t work in solving all inequity. The country is built on inequity. The better company or idea triumphs over the weaker ones. It adds to our employment rosters with time. We expand and contract constantly. That is a part of natural selection. I’ve lived through a lot worse than I’m seeing today. Everyone reading this has a higher living standard than our parents.
So, when you listen to the politicians’ ads and the media sound bites, think about what got us all to this point and if a 700-billion dollar band-aid will do away with the owwie. Government is turning into our mommies. Mommy kiss it works for that owwie. That doesn’t work when there is a threat of gangrene.
McCain and Obama are owwie kissers. And we all need to tell them and our other elected officials what to kiss.
ADDENDUM:
I been working on Linda’s added info about FullTilt going without all-in protection too. I’m about to a decision about how to play or not from this point out. I’ll come up with a decision asap. I haven’t found the right or even a possible compromise at this point.
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False sense of security?
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