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Scooter - if you are going to quote numbers, get your bloody facts right. You quote an approximate number for the unemployed of Greece and the UK as if it has meaning, yet forget to point out that Germany has nearly as many unemployed as the UK.
Greece - Unemployment Rate - 17.6% - thats nearly .874 million of the working population
UK - Unemployment Rate - 8.1% - thats nearly 2.54 million of
Germany - Unemployment Rate - 5.9% - thats nearly 2.43 million of the working population
(Unemployment Rate Source : (seasonally adjusted) Eurostat
Last updated: Nov 14, 2011)
Beer
is proof that God loves us and wants us to be happy. Benjamin Franklin
The public sector does not bring in any new money :face palm:
I didn't speculate as to the wealth-generating ability of the public sector. Nice little straw man you've set up for yourself there.
But anyway: you're saying that in the scooterverse an economy that's 50% state-run qualifies as an example of "extreme capitalism" because the public sector also generates some income?
You really should stop before you embarrass yourself further.
You won't be alerting anyone to anything with a mouthful of mixed seeds.
I didn't speculate as to the wealth-generating ability of the public sector. Nice little straw man you've set up for yourself there.
But anyway: you're saying that in the scooterverse an economy that's 50% state-run qualifies as an example of "extreme capitalism" because the public sector also generates some income?
The public sector does not generate income if we have to pay for it. I'm a private sector worker generating new cash, that's different. Little wonder the UK is in the position it is.
Extreme capitalism is the difference between the haves and the have nots, a gap that has only increased year after year without care. I'd call that extreme.
"Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain
I think that centuries of economic theory would disagree with your definition.
capitalism |ˈkapətlˌizəm| noun
an economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state.
That exactly describes the city's hold over the state for years on end. That's extreme. Result, a growth between rich and poor. That's catastrophic.
When the government shows the slightest interest in taking the matter seriously, even breath the word they might take action on the banks the UK is in for a sheet storm, interest rates shall rocket, the UK's cost of borrowing shall reach for the moon and the rating agencies shall have a field day.
Mark my words.
Last edited by scooterscot; 14 November 2011, 21:49.
"Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain
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