- Joined
- Dec 14, 2006
- Messages
- 7,588
- Reaction score
- 468
- Location
- Western Europe
- Gender
- Male
- Political Leaning
- Other
Worse than the great depression? That is laughable.
In the end it has to collapse? Do you know anything about economics at all or are you just assuming with no real information?
My official economic studies are limited, only a few years. But since I ended school I have studied economics greatly, its one of my main areas of interests. I read economic statistics for snacks, and 250 page economic analyzes as entertainment. I think I know what I am talking about.
I am not saying that this financial crisis will definetely be far worse than the great depression, or that what we are seeing now is the eventual economic meltdown that WILL come as a result of major parts of the economy being based around speculation and unsustainable economic activity. A collapse now will not be of the same character at all as the great depression, it will be completely different, and severe in perhaps other ways, so comparing to the great depression 8 decades ago is just the completely wrong way of thinking of this. The end conclusion is in all ways of looking at it that our economies are unstable, unsustainable highly speculative capitalist economies which cannot go on the same way they have been. Any future economy have to be based around REAL growth, fundamental change, sustainable and well planned progress, long term changes and so on. I think the potential for growth for the economies of individuals are almost completely tapped, we now have to focus on the economy of nations, states and the world. We cannot have economies that CAN collapse, if you understand, we have to build economies that CANNOT collapse.
We are not a democracy, we are a representative republic. France is a democracy, the EU is a form of democracy.
Yes, you are a functioning democracy. France also yes. Most European countries are. But France is in the same general area of democratic collapse as the US and the UK, while others are lagging behind in "public retardation and political irrelevancy"
According to who? You?
According to statistics, economic evalutations, news, the dollar, the Euro, the pound(especially) and so on.