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Global Economy's Cure Worse Than Disease

By freak80 following x   2012 Jul 25, 2:10am 1,690 views   4 comments   watch   nsfw   quote     share    


"Mr. Economy is now addicted to monetary heroin. Increasing doses are necessary for the patient to function at all. Mr. Economy has not made the changes necessary for a return to full health. He seems to have taken rock star Steven Tyler’s advice: 'Fake it until you make it.'"

http://www.marketwatch.com/story/global-economys-cure-is-worse-than-the-disease-2012-07-25?link=MW_popular

1   Honest Abe   ignore (10)   2012 Jul 25, 7:04am   ↑ like (0)   ↓ dislike (2)   quote   flag        

Politicans simply will not make the hard, correct decisions to fix the ecomomy because their constitutiants would tar and feather them. They would rather kick the can down the road and stick other peoples childern and grandchildren with the bill. They will simply be dead when the SHTF..."not my problem - I CAUSED it, but YOU solve it".

Pretty shallow and morally bankrupt, wouldn't you agree? And we pay these people????

2   HonkpilledMaster   ignore (5)   2012 Jul 25, 7:11am   ↑ like (0)   ↓ dislike (0)   quote   flag        

Yep, if interest rates were to go to a modest 4-5%, the global economy would crash.

Meanwhile, the banks are shifting all the blame from their fraud and arrogance onto the global workforce: "We need to cut taxes and wages."

No problem though, if the banks keep winning, eventually there will be push back, except in a form nobody wants.

Right?

3   freak80   ignore (4)   2012 Jul 25, 7:14am   ↑ like (0)   ↓ dislike (0)   quote   flag        

Marx was partially right. Unfortunately his cure was ALSO worse than the disease.

Seems like the "best of all bad options" is to have a balance of capitalism and socialism. Too much socialism and things stagnate, too much capitalism and you end up with a permanent aristocracy.

4   Honest Abe   ignore (10)   2012 Jul 25, 8:45am   ↑ like (0)   ↓ dislike (1)   quote   flag        

WTFKR - wasn't it MARX himself who said socialism was just a stepping stone on the way to communism?

I don't want any part of socialism. Besides capitalism leads to commerce...and commerce is the BEST way to "spread the wealth", isn't it?


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