Teachers and Students > Debates
If communism and Capitalism has failed to deliver, Should we look at the nazi.
$tyli$h Executive:
Obama's decision to interfere in the activities of the investment banks? Excuse me, there HAS to be a little intervention even in a market economy which is JUSTIFIED. It was to prevent investment banks to maintain a very low liquidity ratio which was the cause of the recession. The regulation will be lifted when situations relax a bit. This is perfectly justified for obvious reasons. Some Americans who are against are only the shareholders of the investment banks actually.
Communism countries trade with only a FEW CLOSE economies, not with the whole world. Surely, they do not have the same comparative advantage as the market ones who trade with the whole world. You need to know economics better to understand what comparative advantage really is. And is Russia's economic situation better? I laughed that one and a half billion is a BIG trade! Its too and very small a figure. See the figures of other small countries, even Bangladesh. So, better know more before laughing!
China is not government controlled. It is moving away from this. Read the article I posted well.
About the US issue, I already said why. The US economic situation will get much better, eventually. Don't be so pessimistic. Have patience. In 1929, the situation was like this actually. What happened? Everything BOOMED. We are so much richer.
About the inequality, I already explained why it is JUSTIFIED.
Freaked12:
--- Quote from: $tyli$h Executive on June 24, 2010, 08:25:43 pm ---Obama's decision to interfere in the activities of the investment banks? Excuse me, there HAS to be a little intervention even in a market economy which is JUSTIFIED. It was to prevent investment banks to maintain a very low liquidity ratio which was the cause of the recession. The regulation will be lifted when situations relax a bit. This is perfectly justified for obvious reasons. Some Americans who are against are only the shareholders of the investment banks actually.
Communism countries trade with only a FEW CLOSE economies, not with the whole world. Surely, they do not have the same comparative advantage as the market ones who trade with the whole world. You need to know economics better to understand what comparative advantage really is. And is Russia's economic situation better? I laughed that one and a half billion is a BIG trade! Its too and very small a figure. See the figures of other small countries, even Bangladesh. So, better know more before laughing!
China is not government controlled. It is moving away from this. Read the article I posted well.
About the US issue, I already said why. The US economic situation will get much better, eventually. Don't be so pessimistic. Have patience. In 1929, the situation was like this actually. What happened? Everything BOOMED. We are so much richer.
About the inequality, I already explained why it is JUSTIFIED.
--- End quote ---
You need to understand the Geo-Politics of 1950s 1960s and 1970s. Back then, Almost whole of North Africa, middle east (after some time) India , Viet Cong, North Korea and China were trading among themselves
YOU NEED to understand Geo-politics before going for economics.I got A star in Business studies.
OBVOIUSLY NO ECONOMY CAN BE 100 PERCENT CONTROLLED OR FREE MARKET COS THAT WOULD BE INSANE.
China is still on a very extreme end of Closed economy end. There's a reason why millions and billionairs are so few in number. Also, if you are a company operating in China you wont probably want to disturb the Government.
Recently Hackers sponsored by Chinese Government itself did 7 attacks on Google.com to steal its source code..
Your point . i will get back to you
Freaked12:
America was the only country that boomed.
England and France all suffered extreme recession and unemployment.I dont agree with situation of American economy going better.
We have to understand how the global demand of Dollar will prevail in future issues. If China or Saudi Arabia decide to Stop trading in US Dollars we might as well be seeing a Collapse of US economy.
Security issues have to be taken into consideration.
Freaked12:
here are reasons why Interference by the Government was so despised by some economists
http://mises.org/daily/3471
astarmathsandphysics:
The us economy will collapse anyway. Dont have any sympathy for them.
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