Moody's downgraded Italy three notches from AA2 to A2

[Mich the Tester]

This is exactly the perception that has got the world into this mess in the first place. The "markets" were created by man to serve man. Unfortunately it seems the continued wagging of the dog by it's tail will ensure everything ends up royally ****ed.

Markets, it seems to me, don't work very well. We shouldn't rely on them to the extent that we do.

I suspect that this is the feeling of an awful lot of people nowadays, including Europe's educated middle classes who have in the past supported free market policies.

[Arturo Bassick]

I suspect that this is the feeling of an awful lot of people nowadays, including Europe's educated middle classes who have in the past supported free market policies.

The markets used to work fine when they were used for purpose. Now they have become a huge casino for educated gamblers there is a problem. Particularly as some of the gamblers can lead the markets.

[minestrone]

Wealth has been consumed by the individual and not the Government, if you like Cuba mitch there are always flights there, subsistence farming to knock your heart out, cigars and a Hemingway novel in some romantic notion of what socialism is.

I am going to stick with rampant capitalism over that system

[Mich the Tester]

Wealth has been consumed by the individual and not the Government, if you like Cuba mitch there are always flights there, subsistence farming to knock your heart out, cigars and a Hemingway novel in some romantic notion of what socialism is.

I am going to stick with rampant capitalism over that system

This is an 'excluded middle' fallacy AND a straw man fallacy used to discredit those who question whether the current market system is really working; discussion of the current situation does not need to involve ideas of socialism or communism, but an openness to alternative ideas that might just offer a glimmer of hope of getting out of this mess.

But of course, we're all becoming accustomed to fallacious reasoning on the part of financial egg spurts.

[minestrone]

This is an 'excluded middle' fallacy AND a straw man fallacy used to discredit those who question whether the current market system is really working; discussion of the current situation does not need to involve ideas of socialism or communism, but an openness to alternative ideas that might just offer a glimmer of hope of getting out of this mess.

But of course, we're all becoming accustomed to fallacious reasoning on the part of financial egg spurts.

What does an "'excluded middle' fallacy" mean?

[Mich the Tester]

What does an "'excluded middle' fallacy" mean?

Never mind. It's obviously a bit above the heads of glorified bookies.

[doodab]

What does an "'excluded middle' fallacy" mean?

It's another term for a false dichotomy.

False dilemma - Wikipedia, the free encyclopedia

[Mich the Tester]

It's another term for a false dichotomy.

False dilemma - Wikipedia, the free encyclopedia

Bloody hell, are you dealing out a free education?

[minestrone]

Never mind. It's obviously a bit above the heads of glorified bookies.

You seem to be so filled with resentment, quite amusing in a way.

[doodab]

Bloody hell, are you dealing out a free education?

Does that make me a pinko commie bastard?