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BWAHAHAHAHAHAHA
You are new are'nt you
Kind of. I don't normally post in SC, but i'm interested in this particular topic.
I'm just saying... know your audience, people!

Gawain 0
QuoteQuoteThe $14Tr GDP of the US is a testament to that.
I don't think GDP in itself is a good measure of a country's economic success, but if we consider it to be, for argument's sake, US GDP is still surpassed by EU GDP. I suppose we could deny that the EU is a single country, but then it would be a little too obvious that we're cherry picking statistics in order to make the US look superior to every other country.
Already, the alliance will be strained by the sluggish economies of Germany and France. England is not going to join. Looks like Sweden is going to sit it out as well. It's not a cherry pick, it's a cold hard fact. The US, as a nation of 300M is the world's largest economy. China is the second. Their GDP is being revised downward a little bit, but barring some crazy twist, they will overtake the US in GDP in about 25 years (+/-).
All the grand talk of the "EU" plan has done nothing to generate jobs and is doing everything to erode sovereignty...without a constitution to boot.
Now, the UK is nationalizing Northern Rock. Hey, why not let the taxpayers foot the bill?
Societe Generale in France lost, EU4.8B in what...two weeks...because of one guy!!
Spain is doing pretty well, but they can't carry the load for Europe.
QuoteQuoteIndonesia was riddled with corruption and massive human rights issues under Suharto along with the industrialization. Just because he was pro-West, makes him neither a Capitalist, or a benevolent leader.
I agree with everything except that he was not a capitalist. He was that, and actively promoted free markets, to the detriment of his country.
Granted. My point was that allowing/forcing free markets does not make one a de-facto Capitalist.
QuoteQuotePinochet accomplished a "miracle", in the words of Milton Friedman. However, by removing the "checks and balances", he did not accomplish his goal. Unemployment hit 20+%, poverty rates doubled. It was mixed bag of results until the 1980s.
Which reiterates my point.
No it doesn't, the system was able to correct itself in the 80s. Good business, operating within a capitalist environment, requires good stewardship.
QuoteQuoteVidela accomplished nothing of the sort. After the coup, he was not able to implement new economic policies, his own military blocked the move.
But that doesn't change the fact that violence was used against the people in the name of capitalism and free markets.
I suppose, I just don't think it's a good example.
QuoteI stand by my point that capitalism offers no inherent safeguards against dictatorships. Governments and economics go hand in hand, but they can be combined in many different ways.
I don't dispute the second half of this statement. I am stating the capitalism in a dictatorship is not much of a capitalist environment. If it were, the argument could be made that China is a capitalist nation.
A strict code of ethics, good stewardship and open markets...the model to look at is Singapore.
Just to prove I'm alive, and it's alright
'Cause tonight there's a way I'll make light of my treacherous life
Make light!
jcd11235 0
QuoteAll the grand talk of the "EU" plan has done nothing to generate jobs and is doing everything to erode sovereignty...without a constitution to boot.
Yep, just as the US Constitution eroded the sovereignty of the states.
QuoteSociete Generale in France lost, EU4.8B in what...two weeks...because of one guy!!
Peanuts in the grand scheme of things. Estimates of losses in the US from the mortgage crisis range from $120 billion to $500 billion. The actual amount is somewhere in between.
QuoteIndonesia was riddled with corruption and massive human rights issues under Suharto along with the industrialization. Just because he was pro-West, makes him neither a Capitalist, or a benevolent leader.
QuoteGranted. My point was that allowing/forcing free markets does not make one a de-facto Capitalist.
True, just as allowing/promoting socialism does not make one a de-facto dictator.
QuoteNo it doesn't, the system was able to correct itself in the 80s. Good business, operating within a capitalist environment, requires good stewardship.
Ahh, but in a truly free market, the market checks and balances itself, according to the theory. The stewardship is done by the Invisible Hand. Not that I buy into that nonsense, that's just what is often taught.
QuoteI suppose, I just don't think it's a good example.
That's probably a fair statement. However, pure Marxist communism has not ever been implemented anywhere, either, so we don't have any good examples of that to study.
QuoteI don't dispute the second half of this statement. I am stating the capitalism in a dictatorship is not much of a capitalist environment. If it were, the argument could be made that China is a capitalist nation.
In many ways, China's markets are freer than the markets in the US.
QuoteA strict code of ethics, good stewardship and open markets...the model to look at is Singapore.
There are lots of good models to look at when it comes to having a successful economy and a benevolent government. Some are primarily capitalist, others have a strong socialist bend. Most are somewhere in between. Neither system is inherently good or bad, but both systems are inherently imperfect. They just have different imperfections.
I'm not trying to promote socialism, and I'm not trying to promote capitalism. What I want is to see politicians give up the all or nothing attitude, and recognize that there is not a simple "one size fits all" answer. The approach that works well in one market or industry may not work well in another. Neither private industry nor the government has the market cornered on efficiency. Both have their place in a healthy economy.
434 2
Royd 0
After a mention of Castro's retirement on this morning's news, I am just wondering, where will he go for his retirement?
Sunny, South Florida, or maybe, an Island Paridise, somewhere in the Carribean?
"Your scrotum is quite nice" - Skymama
www.kjandmegan.com
Gawain 0
Quotethe villages?
...or Berkley...
Just to prove I'm alive, and it's alright
'Cause tonight there's a way I'll make light of my treacherous life
Make light!
BWAHAHAHAHAHAHA
You are new are'nt you
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