"The poor need capitalism" - Page 6 - U2 Feedback

Go Back   U2 Feedback > Lypton Village > Free Your Mind
Click Here to Login
Reply
 
Thread Tools Search this Thread Display Modes
 
Old 01-28-2010, 10:59 AM   #76
Refugee
 
Cactus Annie's Avatar
 
Join Date: Oct 2008
Location: The Mighty Jagrafess of the Holy Hadrojassic Maxaroedenfoe
Posts: 2,146
Local Time: 12:03 PM
I have heard that China are another one of the economic bubbles. The last buble to burst was th hose market brought about by millions of interest free cheap money from the boom of China's economy. The reason why it's so cheap is because of the low value of their currency compared to the dollar and the Euro. Therefore instead bankers decided that this money will be best used to be provided for loans and mortgages rather than savings. It's the subprime mortgage market that brought down the economy.

Before that it was the dot com economic bubble that burst in the early 00's.
__________________

__________________
Cactus Annie is offline   Reply With Quote
Old 01-28-2010, 11:07 AM   #77
Breakdancing Soul Pilgrim
 
UberBeaver's Avatar
 
Join Date: Sep 2005
Location: the most serious...douch hammer ever
Posts: 20,318
Local Time: 07:03 AM
Quote:
Originally Posted by Cactus Annie View Post
The last buble to burst was th hose market brought about by millions of interest free cheap money from the boom of China's economy.

+



= we're all
__________________

__________________
UberBeaver is offline   Reply With Quote
Old 01-28-2010, 11:33 AM   #78
Rock n' Roll Doggie
VIP PASS
 
Vincent Vega's Avatar
 
Join Date: Jul 2005
Location: Berlin
Posts: 6,615
Local Time: 01:03 PM
Quote:
Originally Posted by Cactus Annie View Post
I am talking about having an idea. JK Rowling had an idea. Most successful people start off with an idea. She's not really a great writer, but she had an idea.
She also had a state that provided her with the means to support herself while she couldn't, which gave her the benefit of being able to translate this idea into a book. Most people in the world might also have great ideas but are lacking the means to transform them into anything, in part also because this great capitalism as it is today, and the current conventions of world trade, are actively and passively preventing these people's states of accumulating the (financial) power to back them as England could do JK Rowling.

Capitalism is more favourable for innovators. However, in the case of intellectual capital such as books it doesn't need to be capitalism.
__________________
Vincent Vega is offline   Reply With Quote
Old 01-29-2010, 11:38 AM   #79
BVS
Blue Crack Supplier
 
BVS's Avatar
 
Join Date: Aug 2002
Location: between my head and heart
Posts: 40,641
Local Time: 06:03 AM
Quote:
Originally Posted by Vincent Vega View Post
I agree in that I favor Capitalism over Socialism, but that is a very strong oversimplification in my view. Especially concerning the issue of economic equality, the neoliberal philosophy of trade and its effects on poor countries (free trade, nothing else), driving costs of production to an awful minimum, mainly by seeing manual labour in developing countries as a commodity that is to be exploited (their comparative advantage) etc.

Capitalism is very good when you live on the right side. But capitalism as is is hell, just as is socialism, for those who didn't have that luck in the life lottery.
I thought of this post this morning as I was listening to Glenn Beck... He said, "capitalism is the model that will deliver everyone from poverty". WTF? Is he this detached, is his head this far up his ass?

I'm sure he means "in theory" but still... and I think this type of thinking is the problem. This all or nothing mentality. It has to be completely 100% Capitalism, otherwise you hate capitalism and you're a communist.

When the hell did this type of thinking become adult thinking? I don't get it...
__________________
BVS is online now   Reply With Quote
Old 01-29-2010, 11:53 AM   #80
Rock n' Roll Doggie
VIP PASS
 
Vincent Vega's Avatar
 
Join Date: Jul 2005
Location: Berlin
Posts: 6,615
Local Time: 01:03 PM
In the 1970s. Milton Friedman gained popularity, Bretton Woods broke down and IMF and WorldBank became 'unemployed'. So they looked for alternatives and thought it a nice idea to help poor economies. Not bad per se, but they adopted a very neoclassical approach towards economic development, poverty alleviation and so on, loved free trade and also acted greatly in the interest of Western economies. That's also when the tide turned for the development of a great number of sub-Saharan economies, and after years of progress it was partly turned around again.

Since for many European economies are apparently Socialist, when in fact they just don't get that between the extremes of Socialism and Capitalism there is a great area, and not even the US are at the very end of the spectrum, though closest, their arguments have become quite extreme. And the fact that these Socialist regimes managed to get their society out of absolute poverty, well, who cares about that, honestly? Or so it feels.

Glenn Beck has all the qualities of a demagogue.
__________________
Vincent Vega is offline   Reply With Quote
Old 01-29-2010, 04:13 PM   #81
Blue Crack Addict
 
PhilsFan's Avatar
 
Join Date: Jan 2010
Location: Standing on the shore, facing east.
Posts: 18,858
Local Time: 07:03 AM
The differences between the economies of western European countries and America are very overstated.
__________________

__________________
PhilsFan is offline   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
is "the golden rule" genetic? Irvine511 Free Your Mind Archive 8 09-19-2007 07:52 PM
"The Web's Number 1 Christian Porn Site"?! sallycinnamon78 Free Your Mind Archive 90 06-18-2005 06:35 AM
Bono joke in this week's "The Onion" LyricalDrug Everything You Know Is Wrong Archive 4 05-18-2005 06:40 PM
Fusion: "the batman" theme and hmtmkmkm davidtpark Music on the Internet 17 05-01-2005 08:23 PM
Request: Nice mp3, wav, or m4a file of "The Fly" as performed on Elevation tour PaleBlueDot Music on the Internet 0 05-01-2005 12:57 PM


All times are GMT -5. The time now is 07:03 AM.


Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.
Design, images and all things inclusive copyright © Interference.com