Reply to: Maybe we should take Eugenics more seriously?

[ZARDOZ]

It happened to Iceland and they're doing alright now.

I don't know how well they are doing. But the UK (taxpayer) bailed them out. It's a moot point really though as they aren't a major economy.

[Robinho]

GDP per capita is surely more indicative:

List of countries by GDP (PPP) per capita - Wikipedia, the free encyclopedia

Yes and look, apart from micro-states which sit on an ocean of oil they are top.

[Robinho]

we were, but our children aren't (assuming you are 40 or over)
2. you are lost already if you need an example.

1. Then we should educate our children better, it's not hard.
2. No i'm not. Please provide an example so i can counter it.

[Scoobos]

GDP per capita is surely more indicative:

List of countries by GDP (PPP) per capita - Wikipedia, the free encyclopedia

and you!

Dont most of these figures come from "estimates"... it's all fake. GDP is an absolute useless figure in a globalised economy...

[sasguru]

List of countries by GDP (nominal) - Wikipedia, the free encyclopedia

GDP per capita is surely more indicative:

List of countries by GDP (PPP) per capita - Wikipedia, the free encyclopedia

[Scoobos]

List of countries by GDP (nominal) - Wikipedia, the free encyclopedia

There we go with GDP again.

It means NOTHING .. NOTHING.. It's money leaking from the economy for every shareholder of a UK based multinational, that lives outside the UK.

Concensus means nothing either, so post something a little more credible than a Wikipedia link.

[Scoobos]

1. Surely you are old and wise enough to see through marketing though?
2. Such as?

we were, but our children aren't (assuming you are 40 or over)
2. you are lost already if you need an example.

[Robinho]

How so?

http://en.wikipedia.org/wiki/List_of..._GDP_(nominal)

[Robinho]

Dream on, this is fairytale economics.

It doesn't work like that at all, for many reasons, but here's just two.

1. Marketing
2. Corruption

1. Surely you are old and wise enough to see through marketing though?
2. Such as?

[Scoobos]

By agreeing to mutually beneficial transactions with consumers..

Dream on, this is fairytale economics.

It doesn't work like that at all, for many reasons, but here's just two.

1. Marketing
2. Corruption

[sasguru]

It is the best economy in the world.

How so?

[Robinho]

Thats scary to me.. very scary.

Do you truely believe that without regulation and intervention from governments , business will behave?

The only mandate is to maximise profits.

Holy hell, this statement really does scare me.

And how do you maximise profits? By agreeing to mutually beneficial transactions with consumers.

The government must protect property rights and contract laws and that is more or less it.

[Robinho]

State control under fascism is substantially overstated because it is viewed within the context of the war-time economy. And in any case you are, I think, confusing capitalism with free market capitalism. Capitalism dies not require free markets. It requires the ability to deploy capital for profit and the less restrained that deploymentl, the better.

But we may have to agree to disagree.

I will agree that you are fundamentally wrong.

[Scoobos]

The key to a good economy is to minimise government intervention. There is basically no need for it at all.

Thats scary to me.. very scary.

Do you truely believe that without regulation and intervention from governments , business will behave?

The only mandate is to maximise profits.

Holy hell, this statement really does scare me.

[Scoobos]

its been downhill since we went off the gold standard.

and this too, too true!