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We'r doomed

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    #32
    looksee
    Registered Users Posts: 28,118 ✭✭✭✭looksee


    biko wrote: »
    b96bf6d3e35f6c81b6e68d1e2d56f0483a3efa74c9f5c96acc060423ba915b17.jpg

    Wut? Checks image. Oh, that's a bit unsocial. Rather have cats.


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    #33
    realitykeeper
    Registered Users Posts: 4,138 ✭✭✭realitykeeper


    dxhound2005 wrote: »
    The EU has a target of 60% debt to GDP, and we are close to that. In the same way that some inflation is good for the economy, a certain amount of debt is also good. Every country in the world operates on that basis, and capitalism would collapse otherwise.

    Don`t believe them. Inflation is always bad. The reason they say a little is good is because they want it to be a little higher than the ultra low rates the ECB give to banks and governments. Ordinary people don`t get those low rates as the people on variable rate mortgages will tell you.
    GDP is not an accurate indicator of an economy.


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    #34
    Ray Palmer
    Registered Users Posts: 8,364 ✭✭✭Ray Palmer


    realitykeeper wrote: »

    Some businesses should be prevented from starting new operations here, like breweries, distilleries and casinos. The focus of foreign companies should be on export orientated businesses rather than those established exclusively for the domestic market.

    You seem to have a deep flaw in understanding economics and what is domestic industries.

    https://www.abfi.ie/Sectors/ABFI/ABFI.nsf/vPagesWhiskey/Industry_in_Ireland~Whiskey_industry_in_Ireland~exports-and-growth!OpenDocument

    We export a lot of alcohol from our distilleries. We are trying to establish Irish Whiskey as the world wide whiskey and beat down the inferior scotch that is made in cheaper process.

    Not many casinos opening but but there were some proposed and they were to increase tourism and o make Ireland a destination for some very rich people.

    As for multinationals in Ireland many are providing services to Irish businesses. The idea that they are making all their money from other countries is wrong. If the multinationals weren't here we would have indigenous companies doing lots of the work. We do also have also indigenous companies competing internationally. If the multinationals left there would still be a lot of work about and they wouldn't be able to take the work from them.

    Ireland is the leader or a big player in some parts of industries like air plane leasing.

    Many people have no idea of the Irish economy and actually how we are more than some puppy lead around.


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