There is a place for agencies, certainly. However, piss poor levels of service in some industries have become accepted as the norm. You have mentioned two such industries right here.I think that traffic wardens are like estate agents; everyone moans about them but given that people move around and sell houses, our society would find it hard to function without them. On the other hand, recruitment consultants ...
You clearly have no idea of what a "stockbroker" does, and probably have had little or no contact with any traders of financial markets yet you feel qualified to suggest they are wiped from the face of the earth. Not understanding what "they" do, how can you say they offer society nothing? A more stereotypical pile of inaccurate nonesense you would be hard pressed to find, even by NSC standards.
If you have some genuine reason to dislike traders (and I have many) then fair enough, but this Sun readers drival is quite comical.
A more stereotypical pile of inaccurate nonesense you would be hard pressed to find, even by NSC standards.Oh I dunno, wait a while, there'll be another one along shortly.
the comment that they should be 'wiped from the face of the earth' was clearly flippant, yet i am just as entitled as you to offer my answer to questions's question. i am clearly not a stockbroker myself, nor do i know any. but that is not to say that i do not (as i'm sure most people do) have a basic idea of what this job entails. whether i have got their specific job title correct, you know i am referring to those who 'sell stocks and shares'.
you can argue, as i'm sure you would (however incorrectly) that they 'offer' society something insofar as they 'create wealth', which can lead to the trickle-down effect and benefit all those with whom they have any private business. this, however, would involve us covering old ground. we haven't resolved this in the past, and so i fear it would be futile to try again.
i know that large sections of the country's workforce labour in tertiary industry, but often there is a real societal benefit resulting from their efforts, be it legal advice, counselling, table-waiting, etc. those who 'buy low, sell high' cannot make such a claim. they are all smart people, i'm sure, which makes it all the more tragic that they haven't invested their time in something more helpful than making unjustifiably rich corporations even more wealthy, and provide no 'service' to those who need it more.
if you know otherwise, please eductate me as to how these people benefit the society from which they take so much.
or is that just not the point?
A US man has lost a $54m (£27m) claim against a South Korean dry-cleaning firm which lost a pair of his trousers.
Roy Pearson, a judge of administrative law, claimed that Custom Cleaners had violated the Consumer Protection Act.
Roy Pearson said his rights had been violated
By refusing to pay him $1,000 (£500) after losing his trousers, they failed to honour a pledge to provide "Satisfaction Guaranteed", he argued.
But a Washington judge dismissed the case, which drew international attention, awarding the cleaners costs.
Legal groups have said the case, which has dragged on for two years and involved thousands of hours of legal investigative work, has damaged the image of the US judicial system.
'American nightmare'
The National Labor Relations Board has called for Mr Pearson to be disbarred so that he can no longer serve as a judge.
His case began in 2005 when Mr Pearson took several suits to his local dry-cleaners in Washington to have some alterations made.
When he returned two days later, a pair of trousers was missing.
The South Korean family running the dry-cleaners, the Chungs, said they found the missing trousers a few days later and tried to return them but Mr Pearson insisted they were not his.
His multimillion dollar calculations for damages included the 1,400 hours he says he spent preparing the case.
According to the Washington Post, he also added the cost of hiring a car every weekend to enable him to drive to an alternative dry-cleaners for the next 10 years.
The Chungs' lawyer, Chris Manning, said that the protracted case had transformed the family's American dream into "the American nightmare", according to the AP. He said the family, who own three dry-cleaners in the Washington area, were considering returning to South Korea.
Mr Questions..how far did you retreat after lighting the blue touch paper?
Can't decide who I hate more..Hmm, Primary School Teachers or Crack Cocaine Dealers..eeny meeny miney mo...
That was very nearly my personal best. A half century not out just after lunch.
Even Harveys who professes to ignore me had to jump in.
Actually its Tax men and Sky customer service personel I hate the most.
Lawyers?
Blimey, I thought that I was arrogant.
You admit to knowing nothing about the profession whatsoever yet go on to lecture on the subject. These days, most stockbrokers have pretty shitty jobs which require little individual thought and pay about £18k a year so I’m guessing you don’t mean them.
The point of the financial system is to provide a service that people demand, and not to “buy low sell high”. In the same way that a production line in a car assembly plant produces cheaper cars, workers in the financial system improve liquidity and effeiciency thus producing cheaper financial goods and services for society. That may benefit a Russian oligarch, or more likely the average Joe who has a pension, or mortgage, or insurance for his car/house. Your sweeping generalisations are way off the mark, but you fail to see this as your knowledge on the subject seems to come from having watched Trading Places.
lokki, i don't LECTURE about the subject at all. yes, i know very little about the day-to-day life of a stockbroker. i was merely asserting that people, whose life is dedicated to the manipulation of ethereal financial figures, make no real contribution to society. i don't think this is an outlandish claim. they build nothing, they create nothing, they help no-one. ok, they may help big business operate a bit smarter on the ftse, or some other rich prick make his portfolio a bit more attractive, but this does not justify their worth.
liquidity and efficiency are not (or at least should not be) the holy grails of industry. what happened to stability or happiness? it baffles me how people have lost sight of this. my beef is with city traders, not independent financial advisors. surely you can see the difference.
i respect your view, but please don't call me a sun reader again.
But stockbrokers conduct a ministerial routine task of accepting a clients instructions and executing them on the relevant stock exchange. Last time I looked they didn't try and make people rich.
They perform a task which is demanded by todays...culture.
so? they might not set out to do this but that's not to say it isn't the end result. you need to have cash to play the stock market anyway. they sure as hell don't make life better for anyone who needs it.
so do drug dealers.
please try and keep up.