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Global Economy's Cure Worse Than Disease


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2012 Jul 25, 2:10am   2,173 views  4 comments

by freak80   ➕follow (1)   💰tip   ignore  

"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   2012 Jul 25, 7:04am  

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   MisdemeanorRebel   2012 Jul 25, 7:11am  

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   2012 Jul 25, 7:14am  

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   2012 Jul 25, 8:45am  

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?

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