Originally posted by BrilloPad
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Reply to: Mahathir Mohamad for prime minister
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Previously on "Mahathir Mohamad for prime minister"
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No answer?
It's because your theory is crap.
Contrary to your assertion, at least one country in Europe pursued, post-war, an export-led, low inflation economy.
A word of advice: reading indiscriminately is no substitute fo sceptism, critical thinking and brains.
HTH
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Originally posted by sasguru View PostReading has to be tempered with critical sense. I'll wager I've read more about economics that you. Difference is I just don't accept every theory I read.
I asked you a simple question - how does Germany fit into your "theory"?
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Originally posted by Paddy View PostPerhaps 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.
I asked you a simple question - how does Germany fit into your "theory"?
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Originally posted by sasguru View PostAnd 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?
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Originally posted by Paddy View PostI 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.
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?
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Originally posted by BrilloPad View PostExport 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?
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Originally posted by sasguru View PostSounds like yet another "fashionable cliche" spouter to me.
I mean does Malaysia appear in the top ten exporting countires in the world?
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?
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Originally posted by SimonMac View PostThe 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.
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Sounds like yet another "fashionable cliche" spouter to me.
I mean does Malaysia appear in the top ten exporting countires in the world?
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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."
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