Is it morally acceptable to bet against food prices?

4 years ago

http://www.youtube.com/watch?v=WUQnDGYupeE&feature=player_embedded

If yes, why? If not, is it morally to bet against currencies or any other trade option?

February 19, 2011 at 7:21 am

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Profile photo of Syn.Ther. Syn.Ther. (@luna) 4 years ago ago

I personally believe the derivatives on most products are merely a capitalist invention to create larger markets, thus more possibilities on trade…., since all of those product do not in any way contribute to the actual product or its outcome one could fairly easy conclude there sole purpose is to add value for its inventors (which is basically the rule of thumb for any profit driven scheme/ organization)
One could argue its function would also enable organizations to “shield” their exposure to fluctuations, I however do not believe this to be the case as these derivatives are products of the financial markets….., and as the records show, this is a greed industry, which in my book is morally wrong.

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Profile photo of Alex Eastman Alex Eastman (@alex) 4 years ago ago

Anything is morally acceptable as long as it is acceptable to you.

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Profile photo of Syn.Ther. Syn.Ther. (@luna) 4 years ago ago

@Alex That is a very selfish morality,

remember there is no U in we.

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Profile photo of Jeslyn Jeslyn (@jeslyntweedie) 4 years ago ago

@Alex, there could be no such thing as morality if it only applied to a single person. Morality is about the majority, and what is accepted by the group, not the individual. Individuals can have slightly varying moralities outside the norm…like a scatterplot, but once outside the trend, ‘non-moral’ behavior can be noticed and may even affect the whole group, society, culture, etc…

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Profile photo of Syn.Ther. Syn.Ther. (@luna) 4 years ago ago

@Jeslyn

Personal morality surely exists

In war they are called resistance
in corporations they are called whisleblowers

Accepted,common or majority moral are pitfalls.

Personal responsibility & shared moral standards are what bond society and form cultures and vice versa (there is more in the mix)

Peace

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Profile photo of dave dave (@bowman) 4 years ago ago

i think there is a serious lack of morality when a few people are able to make money at the expense of many, especially with food.. its pretty disgusting isnt it.. but i guess its a bi product of capitalism and the ‘free’ market. money gives control to make more money, blah, blah, blah… its all pretty sad really. where did that expression ‘free’ market come from anyway? maybe it just means free to those that can afford it and very expensive to those that cant.

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Profile photo of Summer Summer (@summer) 4 years ago ago

@martijn schirp

Betting against food prices though a great way to make money will surely mean that the money you gain will be worth nothing … There will be bigger problems to worry about

But currency trading I think is the most intelligent way to make money – if you are good at it … If not you lose lots a lots a money

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Profile photo of Syn.Ther. Syn.Ther. (@luna) 4 years ago ago

@Summer

currency itself is not meant for trading, it is to value resources, the currency trading and derivatives is what has fucked up the world.

But thats what most people forgot… what money is for.

Peace http://www.amof.nl

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