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Opinion on current economic situation

  • 21-01-2009 12:21am
    #1
    Slideshowbob
    Registered Users, Registered Users 2 Posts: 2,460 ✭✭✭


    May I put the following forward for discussion on the forum:

    Apart from the recent overpriced property scenario, Ireland's woes are mostly dependant on the world economy. We are essentially a service economy - we can no longer compete in manufacturing. As long as the world economy is in decline we requirement for services we can provide will be reducing.

    O    ur politicians seem totally powerless to effect the world economy so they are just talking in circles trying to make people think they can influence things and ensure their next votes.


    Cowen discouraging negitive talk is akin to censorship - we are in a democracy - if the media is talking rubbish the other side should have arguments to counteract it.

    The Developers etc look like they will get away scot free. The adverse side of their risks will not be realised by them personally. Would this have always been the case or could this be happening because of recent legislation brought in by the government?

    If I am being really cynical I could say we are now creating an Irish monarchy for the rich by ensuring taxpayers will have to subsidise recent risks gone bad.


Comments

  • #2
    Time Magazine
    Registered Users, Registered Users 2 Posts: 8,452 ✭✭✭Time Magazine


    Slideshowbob wrote: »
    Our politicians seem totally powerless to effect the world economy so they are just talking in circles trying to make people think they can influence things and ensure their next votes.
    We cannot influence global demand but we certainly can influence how well we are set up to serve that demand.
    If I am being really cynical I could say we are now creating an Irish monarchy for the rich by ensuring taxpayers will have to subsidise recent risks gone bad.
    It's not so much a monarchy for the rich as just plain old bad regulation and stupid use of government funds.


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