Re: On the Concept of Irony w/ Continual Reference to Caro, the #1 Sunshine Queen
Originally Posted by orasec
I heard some economy experts saying Japan would be the next country to go bankrupt because of unsustainable government debt even before the United States and European Union. Which is a pretty interesting thing on different levels imho. Because Japan was an absolute capitalistic success story since end of World War II and even more they have a work ethic in which it isnt socially acceptable to laze around, they always had few immigrants they would need to feed, they dont have to spent much for the military cause USA is ruling their military and defense politics, they have pretty weak unions compared to Europe and America. So if they fail maybe it could be because the economy system changed a lot since 1945 with this much speculative money in the economy which hardly creates industralial jobs or even has anything to do with the real economy. but maybe this is a marxist opinion.
Other thing thats interesting there in my eyes are the different opinions out there in the economy community, with some folks arguing they would master this crisis better than mediterranian countries cause they have their own currency and governent can implement inflation/deflation policy as they wish, whereas others say this wouldnt help at all. Should be a good indicator to see when and if quantative easing will ruin the US.
I also just think it will be really difficult for people to accept that we wont have the social welfare state in Europe anymore in the 21 th century in which people had a comfortable life. In some countries its still kind of working like Scandinavia but not long anymore i guess. In the end it will be the reality cause of Globalization, the weak birth rate in Europe, the inmigration etc, but most likely general living standard will be much lower in 50 years than it is now even if people try to adept to the necessities of the new economical situation. but what can you do, its just a grey prospect.
I think in your region Costa Rica had a much better living standard, less violence than neighboring countries too. But there are slightly difficult reasons for that than in case of the prosperity advantage Europe had have. Dont know how much welfare state they have and how the drug war and Cafta will effect their economy and society.
Also just wanted to point out, that social unrest in China will break out at large scale too in the next decades imho like we can expect them for Europe for different reasons obviously and that East Germany mostly still is much poorer than the old part of BRD, which shows what the economical loser countries in Europe can expect.
Wow! You've left a very well-thought post for your entry at TF.I'll warn you now that many,many posters here aren't nearly as contemplative as you are
.I'm definitely no expert when it comes to fiscal matters,yet I have enough common sense to figure out that compassionate government assistance should be reserved for the TRULY needy;creating an 'entitlement culture' is just a recipe for disaster.It may sound a bit cynical,but I don't think that Obrador or his slick-talking black-American cousin really give a rat's ass about helping the poor reach economic stability.They seem more concerned with creating a society of junkies who are dependent on their monthly entitlement fix...and will slavishly re-elect their office-holding pushers
The Vichy Coward Open: In the true French spirit
, expect lots of quick surrenders(a.k.a. defaults)
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Ste. Kim, we didn't have you for long enough, but we appreciate what you gave us