Capatilism ain't a problem its the ......

zeemoud

Capatilism ain't a problem,
its the ABUSE OF IT'S POWER.

take any situation like the new american trade pact it will caus up and coming north american companies to go to south america for cheap labour thus causing north America to lose a industrial and efficiant workfource and causing southern america to fall into the trap of being a workhouse of the world just for a few bucks.

But in the case of the eu it gets alot better all the countries can share a fairly equally skilled workforce and because of tax incentives we can trade fairly and freely. take for interest a company like siemens it can employ workers here under special incentive and the ship its products back to germany for distribution.

C B

Listen, instead of wasting your time posting drivel like this on the net why not go and read a basic economics textbook?

Try "So, You Want to Stop Being a Moron!" by Doginthe Street.

Zapper

I love capitalism, its nice

it's socialism which i hate. Or more appropriatley it's people who take advantage of it. Ie. some1 who expects someone else to pay for their clothes/house/kids/life. I'd love to be able to pick who my taxes benifit individually Ugly single mothers need not apply...

Magwitch

I think Zeemoud actually has a valid point. It is usually braoched, though not discussed, as part of other topics.

There is a lack of control attached to international finance. This is touted as the "free market" and sold to us constantly as a "take it or leave it" or "for or against" issue.

It is not that black and white. As for reading a economics book, Lolth is an Economist and we do discuss things at lenght. We have reached one inescapable conclusion and that is the wealth index of a country (or how well it is doing) is calculated on the wrong basis. Argentina for instance has grinding poverty, yet up to 4 times its crippling national debt invested abroad for the benefit of a few. Our own "celtic tiger" economy is gauged successful on the basis that a rich 10% are raking it in while everyone else is a little better off. This is not a recipe for success. IBEC (reps of the 10%) has advised its members not to pay the 4% pay increase in the partnership agreement, just before it was due. Profiteerng is sinking our economy into an inflation and eventual negetive equity debt pool of economic depression. The private sector is pushed on us as the saviour of an inefficient public sector, but it has never worked so far so why are we still being sold this dead duck as the answer to all our problems?

The State is selling off state assets (that belong to you and me) like there is no tomorrow in a classic Maggie Thatcher inspired frenzy. When it ends, as it will, we will be left relient on profiteers to run our nation.

The excure already being prepared is the boom and bust cycle. I see no reason why a cycle is necessary except to avoid pointing the finger at influential greedy people who force every penny out of the economy till it breaks. but unlike other "bust" periods we are going to be relient more then aver on siad people to get us out of it. Not a pritty picture.

---

Keep your powder dry and your pants moist

Digital Tilmitt

America is the problem, if it wasn't for them we would all be Communist but they just bomb anyone who thinks different to them. We must rid ourselfs of this evil country before progress can be made in Southern countries.

---

Booyaka

Victor

<font face="Verdana, Arial" size="2">Originally posted by Magwitch:
The State is selling off state assets (that belong to you and me) like there is no tomorrow in a classic Maggie Thatcher inspired frenzy. When it ends, as it will, we will be left relient on profiteers to run our nation. </font>

Yes, lets leave lots of civil servant types run the country. But lots of them are lazy ..... and we all know what Uncle Joe does with lazy workers......

---

---

Changing call sign to SIERRA PAPA OSCAR OSCAR FOXTROT.

C B

Firstly Magwitch the index of national wealth (or GDP) which you so despise was never intended as an index of wealth. It is a measure of output designed and calculated to aid discredited Keynesian demand management policies. Just because the media misinterprets statisrtics does not invalidate them.

Secondly, almost all reformulations of GDP, which take account of environmental damage, poverty, education and health investment, all follow a suprisingly similar trend to GDP: e.g. Nordhaus and Tobin's Measure of Economic Welfare, Daly and Cobb's Index of Sustainable Economic Welfare.

The reality is that free markets result in the optimal social and economic outcome.

If you which to respond to this please omit your earlier hystery regarding "profiteers" and other mindless rhethoric.