Tracking summer window rumours/lies: Page 51 - The Arsenal discussion forum and community: One More in the Tolly

Tracking summer window rumours/lies

Rohit

Biggus wrote:
Rubbish- Who the fuck wants to see Man Utd Bayern Munich and Real Madrid win every year?

Not me.

I also don't want to see 2/ 3 clubs bankrolled by billionaires fighting for it every year either.

Burnwinter

The total wage bill increase caps that are coming in in the Premier League are really more stringent than FFP in a lot of ways, because they are independent of profitability.

Rohit

Biggus wrote:
I didn't hear you complaining when City were forking out for Clichy Toure Nasri and Adebayor.

You didn't?

I think we had a better chance of winning if we had some stability with players we had developed.

Biggus

Any attempt to stifle the free market and the free movement of capital and labour is doomed to failure in a free global economy.

The FFP flies in the face of of the last 25 years of world history.

asajoseph

I tend to think you're right Biggus, though history is hardly moving in that direction everywhere.

Biggus

Rohit wrote:
You didn't?

I think we had a better chance of winning if we had some stability with players we had developed.

Hmmm I like the way you think Rohit, I want to subscribe to your blog.

Burnwinter

Biggus wrote:
Any attempt to stifle the free market and the free movement of capital and labour is doomed to failure in a free global economy.

The FFP flies in the face of of the last 25 years of world history.

The "free market" isn't free. It's extremely carefully regulated to protect the interests of massive financial organisations, whose risks are underwritten by the taxpayer-funded state.

FFP is a significantly less complex, and more easily enforceable system of regulation for a very finite, very specific, approximately self-administered coalition of business entities that collaborate cartel style on the production of a single good: European football.

Biggus

Aww come on Burnsy don't turn this into a denunciation of the capitalism system.
Anyone can make any pronouncement about what anybody should pay for anything, it doesn't mean shit.

The market will decide.

Burnwinter

I'm not denouncing anything (well not too directly 😉 ), I'm just calling your claim "any attempt to stifle the free market and the free movement of capital and labour is doomed to failure" into question.

As it turns out, regulations mean that banks make money hand over fist for their employees and stakeholders with relatively few serious risks for them, unless they go bust, in which case trillions get handed over in bailouts from the public purse.

The degree of regulation of the finance industry is crazy. The idea that regulation simply doesn't work is wrong - cf Australia's banking sector during the GFC. The truth seems to be that wrong regulation results in moral hazard and bad results. Anyway.

Biggus

Burnwinter wrote:
unless they go bust, in which case trillions get handed over in bailouts from the public purse.

Well thats when politics enters the fray, it's just like subsidisation of the car industry or anything.
If ma and pa Smiths shop on the corner goes bust you don't see government largesse being dispensed but a large corporation with 1,000's of ~~employee's~~ voters going under is another thing.
All inefficient businesses should go under regardless of size or sector.

Rohit

Biggus wrote:
All inefficient businesses should go under regardless of size or sector.

Chelsea should have gone under, isn't it? 🙂

Hmmm I like the way you think Biggus, I want to subscribe to your blog 😉

Timbob

Zing!

Biggus

Rohit wrote:
Biggus wrote:
All inefficient businesses should go under regardless of size or sector.

Chelsea should have gone under, isn't it? 🙂

Not really- I was responding to Burnsy's point about companies being supported by tax payers money.
Chelsea and City and ma & pa's shop are not so that doesn't apply.

Real Madrid are btw.

Burnwinter

That wasn't my point—my point was about regulation. The bit about bailouts was thrown in for a bit of extra fire and brimstone.

Irishgunner

http://www.guardian.co.uk/football/2013/jul/15/mikel-arteta-arsenal-transfers

Interesting from Arteta

Burnwinter

Fair bit of that was old hat, though it's an intelligent point about the difference a big signing makes above and beyond how well they play.

The interesting thing is that we really are in the transfer market making £20m+ bids this window. 😃

kamikaze

Biggus wrote:
Any attempt to stifle the free market and the free movement of capital and labour is doomed to failure in a free global economy.

that depends on what one means by "free market". a lot of people these days confuse the free market with anarchy. true market capitalism requires quite a bit of regulation to keep competition fair and barriers to entry low. and although certain policies are efficient from an economic perspective, they impact various groups of people in very different ways. the extent to which the harms and benefits of certain policies are mitigated is a political and moral decision, and not something you can reduce to x and y axes.

Iloveyouarsenewenger

kamikaze wrote:
Biggus wrote:
Any attempt to stifle the free market and the free movement of capital and labour is doomed to failure in a free global economy.
that depends on what one means by "free market". a lot of people these days confuse the free market with anarchy. true market capitalism requires quite a bit of regulation to keep competition fair and barriers to entry low. and although certain policies are efficient from an economic perspective, they impact various groups of people in very different ways. the extent to which the harms and benefits of certain policies are mitigated is a political and moral decision, and not something you can reduce to x and y axes.

Absolutely.

Clrnc

Geoff revealing the 30m bid we had in Jan was for Cavani. 😆

Biggus

kamikaze wrote:
that depends on what one means by "free market".

It does.
I mean the free movement of capital and labour, the cold war is over the communists lost.

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