Debates
27 Oct 11
27 Oct 11
Whilst Markets are celebrating the partial sorting of European debt crisis it has become abundantly clear that we need economic growth to pay off our debts and I cannot see where it will come from.
For example in Europe:
Banks won't lend as they seek to recapitalize
Government won't spend as they seek to build up the European Finance Stability Fund
Inflation will be widespread as Central Banks print money to cover losses.
Austerity will reduce domestic demand, inflation will make our goods expensive.
Why would China and India buy from us if they can make it themselves.
Am I missing something here or are we truly Donald Ducked?
27 Oct 11
Originally posted by invigorateI think our only hope is for society to produce more. To me that means combinations of working more, being more productive (developing skills) or doing with less. Its seems like in today's political climate working harder and self sacrifice will not happen and much of our society does not take advantage of the opportunities for education that they already have. Thus, I agree we are probably not heading for good times.
Whilst Markets are celebrating the partial sorting of European debt crisis it has become abundantly clear that we need economic growth to pay off our debts and I cannot see where it will come from.
For example in Europe:
Banks won't lend as they seek to recapitalize
Government won't spend as they seek to build up the European Finance Stability Fund
...[text shortened]... if they can make it themselves.
Am I missing something here or are we truly Donald Ducked?
27 Oct 11
Originally posted by KazetNagorraHow is that going to result in creating enough jobs to improve the economy?
Of course economic growth is not required to pay off debts, don't be silly.
Plenty of potential for economic growth as science and technology continue to develop at a rapid pace.
27 Oct 11
Originally posted by invigorateEconomic growth will come from plain old persistence and hard work. i.e. Microsoft started on a shoestring budget, Apple started in a garage, and there are many other examples outside the tech field. It took years, and lots of 65 hour work weeks for these 2 examples to blossom. Growth is happening as we speak, but it's not yet visible to most of us. Good things, sometimes take time.
Whilst Markets are celebrating the partial sorting of European debt crisis it has become abundantly clear that we need economic growth to pay off our debts and I cannot see where it will come from.
For example in Europe:
Banks won't lend as they seek to recapitalize
Government won't spend as they seek to build up the European Finance Stability Fund
...[text shortened]... if they can make it themselves.
Am I missing something here or are we truly Donald Ducked?
This economic mess has been building for a long time, recaptialization of nations and households is going to be a long, painful process. 2 generations have gotten in the habit of living over there heads. Don't look for a quick fix, because there is not going to be one!
😉
27 Oct 11
Originally posted by KazetNagorraHistorically, expansion of economies has been by invention and production. That is likely to be the future, as long as governments don't get in the way too much.
I don't know, maybe you should look around and investigate the rich western countries with near full employment and find out.
27 Oct 11
Originally posted by invigorateThe question must be asked, with such an ever increasing segment of society leaning toward socialism and at war with capitalism, is recovery really what these people want? I mean, if they think capitalism is the source of all evil in the universe then they don't want economic growth. In fact, I'm sure many of them think of economic growth as merely an extension of greed and exploitation of workers and their mother earth.
Whilst Markets are celebrating the partial sorting of European debt crisis it has become abundantly clear that we need economic growth to pay off our debts and I cannot see where it will come from.
For example in Europe:
Banks won't lend as they seek to recapitalize
Government won't spend as they seek to build up the European Finance Stability Fund
...[text shortened]... if they can make it themselves.
Am I missing something here or are we truly Donald Ducked?
Could it be that those in government and abroad that have brough us to this point have done so because they want a new system?
27 Oct 11
Originally posted by KazetNagorraYou have not answered my question. You also have not named a single country that has near full employment.
I don't know, maybe you should look around and investigate the rich western countries with near full employment and find out.
Science by itself does not create jobs. I can do science all day and not employ anybody. My point was that you have not shown how the things you listed leads to higher employment.
27 Oct 11
Originally posted by Metal BrainPure scientists often discover things that technologists make practical.
You have not answered my question. You also have not named a single country that has near full employment.
Science by itself does not create jobs. I can do science all day and not employ anybody. My point was that you have not shown how the things you listed leads to higher employment.
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28 Oct 11
With the huge imbalances between the rich (can you say top 1😵 and the rest of the population around the globe it will take a lot longer to get the economy going without government intervention. While it is true that bad government can cause many problems and get in the way of progress - good government can improve the lot of society as a whole.
28 Oct 11
Originally posted by badmoonI don't think capitalism has run it's course. It's very possible however the American style of captialism may be fading, and a system resembling the Nordic countries may be a better path.
Could be that capitalism has run its course. Maybe look to a socialist type system as in Norway. Or at least a more fiscally controlling govt option such as in Germany.
28 Oct 11
Originally posted by Metal BrainWhy do you think chemistry grad students get paid for going to school?
You have not answered my question. You also have not named a single country that has near full employment.
Science by itself does not create jobs. I can do science all day and not employ anybody. My point was that you have not shown how the things you listed leads to higher employment.