About Me

- Mario Garrett
- Mario D. Garrett, Ph.D., is a professor of gerontology at San Diego State University, California. Garrett was nominated in 2022 and 2023 as "...the most popular gerontology instructor in the nation,” according to authority.org. He has worked and lectured at the London School of Economics/Surrey University, Bristol University, Bath University, University of North Texas, University of British Colombia, Tokyo University, University of Costa Rica, Bogazici University, and at the University of New Mexico. As the team leader of a United Nations Population Fund, with the United Nations International Institute on Aging, he coordinated a five-year project looking at support for the elderly in the People’s Republic of China. Garrett founded the international aging magazine ‘BOLD’, now the “International Journal on Ageing in Developing Countries.” His 2013 talk on University of California San Diego TV had just under 2 million views. Garrett has over 50 academic publications, hundreds of blogs, and ten non-fiction books. You can find his work at www.mariogarrett.com
Monday, November 23, 2015
How Would Real Capitalism Work?
The derivatives market is twenty times the total world economy. At $1.2 quadrillion the derivatives market is undefinable, complex, unregulated, and highly profitable. Derivates are a complex set of investments that are based on future events. For example if i bet that someone who has aides is likely to die and then I can buy their life insurance policy earlier and make a profit that is a derivative transaction. But more importantly, if I take action to make sure that that person does not live longer (by restricting life-extending medications, or restricting access to information that might delay their demise, then such action would increase the value of my derivatives. Then there are those in the "positive feedback loop" that just follow the market as it goes down and sell a proportion of their stock and hopefully countered by "negative feedback loop" that buy when it goes low and sell when high.
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