Mahathir Mohamad for prime minister

[BrilloPad]

BBC News - 'Europe is poor so should live within its means'

"Europe... has lost a lot of money and therefore you must be poor now relative to the past. And in Asia we live within our means. So when we are poor, we live as poor people. I think that is a lesson that Europe can learn from Asia."

Can we headhunt him?

[SimonMac]

The way I see it China/India et al are just going through the same thing that the "developed world" did in the 19th century, creating a more industrial economy while the West moved on to a more service based industry of the late 20th century.

There are undertones with more and more Indian firms like WIPRO moving from its more traditional roots of manufacturing into service so they could follow the same cycle the west did.

[Peoplesoft bloke]

I liked this bit:

In particular, he believes Europe and the West must begin the long slow process of restructuring their economies to reduce their dependence on the financial sector.

"I think you should go back to doing what I call real business - producing goods, providing services, trading - not just moving figures in bank books, which is what you are doing."

[sasguru]

Sounds like yet another "fashionable cliche" spouter to me.
I mean does Malaysia appear in the top ten exporting countires in the world?

[doodab]

Can we headhunt him?

Can we afford him?

[Paddy]

The way I see it China/India et al are just going through the same thing that the "developed world" did in the 19th century, creating a more industrial economy while the West moved on to a more service based industry of the late 20th century.

There are undertones with more and more Indian firms like WIPRO moving from its more traditional roots of manufacturing into service so they could follow the same cycle the west did.

I disagree.

The only true expansion of the European economy was the post industrial revolution. In the normal cycle of capitalism, the bubble burst in the 1930s when a minority had most of the cash and the majority could not afford the cost of living.

The second expansion of the European economy was engineered by printing money and government bonds to rejuvenate capitalism until the bubble burst in the 1970s.

The third expansion of the European economy was drive by credit because number 1+2 were exhausted. The bubble burst in 2008.

There are no more options but the government is trying to print money to recover but it won’t work.

[BrilloPad]

Sounds like yet another "fashionable cliche" spouter to me.
I mean does Malaysia appear in the top ten exporting countires in the world?

Export value index (2000 = 100) in Malaysia

Exports - Country Comparison

Malaysia has doubled its exports over last 10 years. And is now 21st in the world.

Sorry if saying "live within your means" is now a "fashionable cliche". I thought he would be just your sort of chap. Have you leant your password to atw?

[sasguru]

Export value index (2000 = 100) in Malaysia

Exports - Country Comparison

Malaysia has doubled its exports over last 10 years. And is now 21st in the world.

Sorry if saying "live within your means" is now a "fashionable cliche". I thought he would be just your sort of chap. Have you leant your password to atw?

I meant the Europe just "juggling figures " around cliche.

[sasguru]

I disagree.

The only true expansion of the European economy was the post industrial revolution. In the normal cycle of capitalism, the bubble burst in the 1930s when a minority had most of the cash and the majority could not afford the cost of living.

The second expansion of the European economy was engineered by printing money and government bonds to rejuvenate capitalism until the bubble burst in the 1970s.

The third expansion of the European economy was drive by credit because number 1+2 were exhausted. The bubble burst in 2008.

There are no more options but the government is trying to print money to recover but it won’t work.

And how does Germany fit into this idiotic model of yours?
Flattened in 1945 , now the 2nd largest exporter in the world?
You just post whatever thought your senile small brain comes out with, don't you?

[Paddy]

And how does Germany fit into this idiotic model of yours?
Flattened in 1945 , now the 2nd largest exporter in the world?
You just post whatever thought your senile small brain comes out with, don't you?

Perhaps if you spent some time in the public library reading economics you would find out some facts and theories. Until then you will have to make do with your ignorance and sarcasm.