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Global Economy's Cure Worse Than Disease

By freak80   Follow   Wed, 25 Jul 2012, 9:10am   473 views   4 comments
In Corning NY 14830   Watch (0)   Share   Quote   Permalink   Like   Dislike  

"Mr. Economy is now addicted to monetary heroin. Increasing doses are necessary for the patient to function at all. Mr. Economy has not made the changes necessary for a return to full health. He seems to have taken rock star Steven Tyler’s advice: 'Fake it until you make it.'"

http://www.marketwatch.com/story/global-economys-cure-is-worse-than-the-disease-2012-07-25?link=MW_popular

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1. Honest Abe Follow Befriend (41) 91 threads 1,806 comments

   1   2:04pm Wed 25 Jul 2012   Share   Quote   Permalink   Like   Dislike (2)   Politicans simply will not make the hard, correct decisions to fix the ecomomy because their constitutiants would tar and feather them. They would rather kick the can down the road and stick other peoples childern and grandchildren with the bill. They will simply be dead when the SHTF..."not my problem - I CAUSED it, but YOU solve it". Pretty shallow and morally bankrupt, wouldn't you agree? And we pay these people????

2. thunderlips11 Follow Befriend (13) 49 threads 2,625 comments Premium

   2   2:11pm Wed 25 Jul 2012   Share   Quote   Permalink   Like   Dislike   Yep, if interest rates were to go to a modest 4-5%, the global economy would crash. Meanwhile, the banks are shifting all the blame from their fraud and arrogance onto the global workforce: "We need to cut taxes and wages." No problem though, if the banks keep winning, eventually there will be push back, except in a form nobody wants. Right?

3. freak80 Follow Befriend (4) 52 threads 4,416 comments Corning, NY Premium

   3   2:14pm Wed 25 Jul 2012   Share   Quote   Permalink   Like   Dislike   Marx was partially right. Unfortunately his cure was ALSO worse than the disease. Seems like the "best of all bad options" is to have a balance of capitalism and socialism. Too much socialism and things stagnate, too much capitalism and you end up with a permanent aristocracy.

4. Honest Abe Follow Befriend (41) 91 threads 1,806 comments

   4   3:45pm Wed 25 Jul 2012   Share   Quote   Permalink   Like   Dislike (1)   WTFKR - wasn't it MARX himself who said socialism was just a stepping stone on the way to communism? I don't want any part of socialism. Besides capitalism leads to commerce...and commerce is the BEST way to "spread the wealth", isn't it?