Who invented the term zero-sum game?
Typically German, petty and absolutely not generous is the debate that is being used in this country to oppose the promotion of General Motors and Opel. Instead of bringing up the only really good reason - there are already too many ugly road blockades by Opel and Ford in Germany - one sums up to a few paltry billions. The very billions that the Americans themselves, manfully and without the blink of an eye, recently transferred to Germany. This country shouldn't look like that - everything is already in order as it is.
Sometimes he's here, sometimes he's gone, sometimes he's in a completely different place.
Emmuska Orczy, The Scarlet Seal
Before the introduction of private property sometime in the Paleolithic era, everyone had the same amount, or the same amount, namely nothing. Or anything. Then it was agreed that everything would somehow become property. Soon some owned more and others less, and those who had more hired others with less in order to take ownership of others with even less. Professional murderers, the mafia, tax collectors, lawyers, street ticket issuers in the city centers, liberal parties and banks owe their existence to this circumstance, and when as a young man I didn't necessarily have to go to the construction site, but celebrate in a fountain in front of the park cafe - then I was in front of me I had already redistributed someone else without my realizing it, so I could afford it.
Better families can often identify such individuals in their history; with us it was a certain Mr. Utitz, Ungelter by trade in the beautiful Upper Palatinate in the splendid Rococo. Ungelter was something extremely modern, which the liberals will certainly also propose: self-employed tax collectors who had to pay a certain amount to the nobility and landlords for their excesses and were allowed to keep what they brought in more. A kind of privatized tax office. Real class fighters from above, redistribution on your own account. There are a thousand ways to find excuses for wealth in an impoverished society full of contradictions: In the end, redistribution is the cause.
Far be it from me to confront the readership with the past and bore them with mountains of historical files, which in the main state archive in Munich provide information in the form of complaints about the bad habits that lay the foundation for my prosperous livelihood 250 years later in a well far away from poor Käffer the Upper Palatinate formed. In the past you had to confiscate the grain face to face with the farmer; Today, however, in globalization, the exchange of money and property takes place over so many levels, institutions and contracts that one does not have to speak of robbery and looting and thieves, but even of the economy - and only in exceptional cases can we enjoy clear transfers, how they will now be reported on the assumption that the readership would also benefit from it and would like to see the great, great, great, great, grandson celebrate in a fountain.
In fact, in distant America, Mr. Obama resides in Washington. In addition to being President of the United States, Mr Obama was elected to end the well-known financial crisis. In this crisis, the automaker General Motors fell under its own wheels, it was sent into bankruptcy and is now de facto as an American state company looking for money to continue its business. For example in Rüsselsheim and other locations of its subsidiary Opel, which was supposed to be sold to a Russian-Austrian consortium with support of 4.5 billion euros. But now GM - and with it the American state - is continuing and wants money for it.
Specifically, the demands amount to 2.7 billion euros from the host countries plus 265 million annually due to wage waivers by employees plus the sums that the exemption of a few thousand workers will cost the state. Of course, the outcry is great, and it certainly won't get any smaller when you hear that GM itself is already sitting on a mountain of 42.6 billion dollars and would like to repay government aid from the USA and Canada. The German envious society does not see the requirements of a liberal economic policy in this, but a raid to the detriment of the siting regions such as Rüsselsheim and the Federal Republic, which have to pay for all of this. With an uncertain outcome and tough negotiations, the new Minister of Economic Affairs wants to
instead of being satisfied. Because in reality it's all just a zero-sum game. The American state, which takes over General Motors, is also the insurance company AIG. It was saved last winter with over 160 billion dollars in tax money and de facto taken over by the state because it had taken out insurance for loan defaults that it was soon unable to pay off during the crisis. Under these extreme conditions, AIG and the banks benefiting from the insurance had got together in September 2008 and thought about how to reduce the claims. After all, an insolvent AIG would have brought several banks to the brink of bankruptcy or beyond. “Hair cut” is the name given to this usual procedure of debt waiver, a bank explicitly offered this, and I would think that a reduction of 25% would have been possible in that phase of horror. But the US and its central bank paid 100%. Also to German banks; 11.8 billion dollars went to Deutsche Bank, 2.6 billion dollars to Dresdner Bank, 1.7 billion dollars went to DZ Bank and 0.5 billion dollars to the federally owned KfW. 16.6 billion dollars, around 12.5 billion euros from a de facto insolvent company, from the American taxpayer.
By foregoing a 25% haircut, the German banks were generously delighted with 3.2 billion from the American state, and since then one or the other million has probably been added due to further defaults. With this, German bank balance sheets were embellished and courses supported, in Frankfurt one learned to smile again and with Mr. Ackermann, freshly strengthened, opposed the unsuspecting politics and its vague hints of regulation. One state-owned company existed, the other now wants another three billion. Why not? Ultimately, the money is still there and not in Washington, it just moved from Berlin and Rüsselsheim to Frankfurt, where it's nicer anyway and the Rüsselsheimer would also like to go shopping - now the banker goes shopping with the bonus, and certainly not with them less taste. In the first moment, of course, the taxpayer has to pay for it, but that in turn belongs to the state and the state in turn belongs to the banks via debts and the banks via shares to the rich, who in turn owns most of the country. Whether it belongs to them in Rüsselsheim or Berlin or Frankfurt - Petitessen.
And they can't even do something about it - that's all the bank-friendly and liberal American state does with its corporations. It just happens like that, yesterday the billions were here and now they are there, no law has been broken and no one has been robbed, no tax evaded - except to the usual extent - and no one directly harmed. Much has happened in the Upper Palatinate since those cruel times, but nothing of this will be found later than complaints in the State Archives. Only this entry here, it may survive in the memory of those who decide on the right page on the basis of it.
I see. 200 million euros are still open for the time being, and no one knows whether GM will really survive long enough to be able to collect the wage waiver in 2011 as well. Well, that is how long the Federal Republic could provide securities. As early as the 18th century, selling troops was a tried and tested means for clumsy rulers to get rid of debts, so how about, say, 5000 additional German soldiers for the Afghan-American war? I am sure that the US corporate leader Obama would welcome such a gesture.
The pre-Christmas solution to all worries that I have to offer here on the basis of historical and new knowledge is simple: Get rich - then you don't have to be cut in Rüsselsheim, you don't have to pay taxes for other people's banks in Berlin, and also in Afghanistan only people get to know the Taliban fighters who do not live in your neighborhood.
Tags: bailout, elite, class struggle from above, wealth, tax evasion
Zero-sum game between Frankfurt, Washington, Berlin and RüsselsheimFrom Don Alphonso
Typically German, petty and absolutely not generous is the debate that is being used in this country to oppose the promotion of General Motors and Opel. Instead of putting forward the only really good reason - there are already too many ugly road blockades by Opel and Ford in Germany - one sums up to a few paltry billions. The very billions that the Americans themselves, manfully and without the blink of an eye, recently transferred to Germany. This country should not look like that - everything is already in order as it is.
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