Reply to: The World Economy Beast is beyond control

[AtW]

Let them do it. Unilaterally.

And why not? All those dirty spekulants buying and selling euro stuff (like Greek bonds) every nano-second will just have pay every time they want to make transaction or fook off and target some weaker states.

[BrilloPad]

There's where French transaction tax comes into play - they gave world beauties such as VAT and canned goods, this will be their new contribution to the world peace and Germans will make it work or else

Let them do it. Unilaterally.

[AtW]

Electronic money is a big part of the problem. Makes it far too easy to transfer billions from one end of the planet to the other in the blink of an eye. Makes it far too easy for money to just disappear. Our civilisation is just not ready for electronic money.

There's where French transaction tax comes into play - they gave world beauties such as VAT and canned goods, this will be their new contribution to the world peace and Germans will make it work or else

[darrenb]

The World Economy Beast is beyond your control, George Osborne - Telegraph

Perhaps it is simply too late for the World Economy to be brought back under any sort of national management: the operations of the market may have become too big, too electronically automated, too rapacious and ungovernable for any country to handle.

Electronic money is a big part of the problem. Makes it far too easy to transfer billions from one end of the planet to the other in the blink of an eye. Makes it far too easy for money to just disappear. Our civilisation is just not ready for electronic money.

[xoggoth]

Bring back the nation state is my solution. Mankind will always create them and us, divisions based on simple geography work better than a global system that is effectively based on class, the ruling educated strata of governments and big business putting their interests above those of the ordinary people.

We need policies based on facts and reality that serve the majority, not a rich elite nor the head in the clouds idealists. Pol Pot had the right idea, exterminate the educated. (Unless they have a 1st in Chemical Engineering obviously)

[DodgyAgent]

maybe the govt should be looking towards smaller business' as they were the big business' of days gone by. All the focus to big business in my opinion doesn't help wealth creation apart from a select few.

we are talking about creating more "Dodgy's independent traders"

[moggy]

I agree wholeheartedly with that. My point is that governments enjoy monopolies that have been torn apart by globalisation. I am not saying that the country should be handed over to big business. What I am saying is that the government now has an obligation to encourage a business wealth creating environment. If it doesnt capital and people will walk. If this happens then the country will have nothing to tax.
It is not as simple as a country "serving its own citizens" any more. removing the monopoly now means that governments have to spend taxes wisely

maybe the govt should be looking towards smaller business' as they were the big business' of days gone by. All the focus to big business in my opinion doesn't help wealth creation apart from a select few.

[DodgyAgent]

And that opinion is where we differ.

I believe it's a governments job to serve it's populace, and the interests of its citizens.

You may believe this goes hand in hand with appeasing the desires of big business , which is your opinion. I do not.

I agree wholeheartedly with that. My point is that governments enjoy monopolies that have been torn apart by globalisation. I am not saying that the country should be handed over to big business. What I am saying is that the government now has an obligation to encourage a business wealth creating environment. If it doesnt capital and people will walk. If this happens then the country will have nothing to tax.
It is not as simple as a country "serving its own citizens" any more. removing the monopoly now means that governments have to spend taxes wisely

[Scoobos]

And that opinion is where we differ.

I believe it's a governments job to serve it's populace, and the interests of its citizens.

You may believe this goes hand in hand with appeasing the desires of big business , which is your opinion. I do not.

[DodgyAgent]

I don't think that's the issue, I think the issue is when the world economy and its powerhouses started controlling elected governments.

Governments have no power other than to do things to appease multinationals, else they face losing all the jobs as the companies go elsewhere.

which is as it should be.

The UK government should be tasked with making the UK crime free, well educated, benign tax, rule of law, minimal red tape and clean streets in order to attract businesses to invest and people to stay. At the moment the best we can get is some mad Ruski with the business acumen of a Hippos arse, borrowing money from a Dutch clown to build a porn site that sounds like an off licence.

[Scoobos]

Has the world economy ever been under control?

I don't think that's the issue, I think the issue is when the world economy and its powerhouses started controlling elected governments.

Governments have no power other than to do things to appease multinationals, else they face losing all the jobs as the companies go elsewhere.

[Diver]

Which one?

The Mongolian Empire

1 horse + 2 Yaks

2 horses or 4 Yaks = 1 Yurt

Wallets were a bit of a problem as were pockets

[SupremeSpod]

In the days of the Empire?

Which one?

[BrilloPad]

Has the world economy ever been under control?

In the days of the Empire?

[Spacecadet]

Has the world economy ever been under control?