“That the US is mostly capitalist is questionable... that Denmark, Norway and Sweden are doing great is also questionable... but what greatly shapes the economies of Denmark, Norway of Sweden is that they are massively underpopulated and surrounded by considerable amount of resources. Trying to mimic Denmark, Norway and Sweden in a country wth 300 million people is not reasonable.”
reasonshouldrule on Jan 2, 2012 at 19:51:10
“By all methods of evaluation, Denmark, Finland, Norway and Sweden are doing very well. They are also not "massively underpopulated" in terms of the size of their countries.
I would agree that bringing that kind of success here with our larger populations is more difficult. But not impossible.”
ema123 on Jan 2, 2012 at 13:36:42
“Why do you think it is scalable, they simple have governments that put what is in the best interest of their nations and its people they balance the interest of private profit and needs of the nations.”
“It´s not new, and it´s rather obvious really... socialism sounds awesome until you get a job and have to pay taxes, once you see how much of YOUR money is spread around to "help the rest" then all the "young" throw the socialist idea to the garbage were it belongs.”
megwright on Jan 4, 2012 at 20:13:25
“I grew up in a time when paying taxes was considered a GOOD thing because first, it meant you were making money, and second, it was the cost of maintaining a civilized society. I paid the top marginal rate for over 20 years, including back with the top marginal rate was 50%, under Reagan. I'm happy to pay my share of taxes to HAVE a civilized society, not the dog-eat-dog society that people like you seem to want to see.”
ultrawiz on Jan 2, 2012 at 15:52:33
“The problem with those that throw the word 'socialist' around is they wouldn't know a socialist if one walked up and bit them in the face. Remember, your local fire and police departments are socialist programs too. Want to eliminate them?”
ema123 on Jan 2, 2012 at 13:42:44
“We dont have capitalism when you have monopolies and olgilopolies, when you socialize the losses of banks and reward thier incompetence, allow them to become too big too fail, when government is dominated by a few big business making decisions that is thier best interest and not in the best interest of the nation. You have a form of socialism disguised as capitalism. Why do think inequality grew so rapidily and that only 1% had all the gain. Because that 1% are able to actual rule and manipulate the system in thier favor”
“What I don´t understand is how a party that shuns on "big government" regarding economic freedoms seems to be so in love with the "HUGE government" in people´s personal freedom. This is my biggest problem with republicans, their major contradiction... they feel so eager to cut expenses on stuff like Medicare (mind you, I agree with them on this), yet they wouldn´t seem to mind the expenses that enforcing an abortion prohibition. To think that outlawing abortion would prevent abortions from actually happening is naive at best, you just need to see the experience in countries were abortion is outlawed (many latinamerican countries for instance) and you will notice how clandestine abortions are rampant and how this increases women´s death ratios and pushes for increased healthcare costs.
I´m sorry republicans... I just don´t get it.”
tansut on Dec 27, 2011 at 05:25:29
“Your mistake is you are looking for logic in a Republican mind. It's an oxymoron logic and Republican. Their brains feed itself with belief, faith and myth. Not logic, fact and reality.”
Maki Maus on Dec 27, 2011 at 04:25:24
“It's very simple. Once a fetus is conceived, it becomes a person. Once it's born, it becomes either a male child (important) or female child (aka 'baby vessel'). These people would tell you that the rights of the fetus completely overrule any rights of the potential mother; the only thing she has to decide, whether she has been impregnated with her cooperation or without it, is whether to raise the child herself (can you spell 'welfare mother'?) or give it away to a foster care system that has already proven itself to be hopelessly tangled in the fine old art of doling out child laborers, psychotics, and street thieves to the public at large. As usual, these groups are so involved with glorifying their own particular prejudices and horrifying callousness, that they entirely ignore the fact that every potential birth involves two people, not one. I don't hear a peep from these 'people' about improving childcare facilities, responsible counseling (the kind that tells a frightened young girl that she actually matters, not just the blob of protoplasm she carries within her), prenatal health, post-natal therapy for the mother, or the likelihood of an illegitimate child born to an unprepared teenager ending up on the trash heap as yet another price of their hubris. It's nothing but conceit.”
“The problem is that the ECB´s legal and sole mandate is to curb inflation, what you suggest is doing the exact opposite. But lets say that for the sake of the Euro, the ECB does this, the debt is still there, and the ECB would be holding very toxic and largely illiquid assets in its books, this would requiere a massive recapitalization of the ECB with Eurozone countries having to foot the bill either way, further adding preassure on their finances, not to mention a significant devaluation of the euro and all euro-priced assests in many banks´ books.
The idea of larger participation of the ECB as finance of last resort for struggling Euro countries could in the short term calm markets a bit... but it´s no different from the package rushed in the summer of 2010, it will only kick the can further down the road, and seeing how the market is reacting to Europe... that road could just go long for another year until we´re back in square 1 and with much less ammunition at your dispossal to calm markets.
Europe needs to stop following the market and act ahead of the market instead.”
“Reality is... the european problem is probably unique in economic history. There´s large studies of banks interconection, there´s studies of governments economic interconection, but governments in problem who themselves put banks in problems, who then put other governments in problem, and in turn put other banks and governments in trouble... is, for as far as I can remember... unheard of. And that´s what we have here.
You may want to spur growth with increased spending in Europe as some economists have suggested, but that would put country´s finances at risk (unless Germany foots most if not all of the bill, wich is unlikely), further close financial access for them and their banks and risk a systemic episode.
You may want to push for austerity, but you risk recession that in turn will further add preassure on the government and banks capability to pay their debts and ultimately all you accomplished was kicking the can down the road, and not avoided the systemic episode you tried to skip before.
You may want to kick some euro countries out of the single currency, but you risk immediate default, hyperinflation and rapid devaluation in bank assets thus triggering a systemic episode.
This is a very complex problem... and quite frankly... there are no answers to the right questions right now.”
Michael GE on Nov 26, 2011 at 16:37:23
“I absolutely agree! F&F”
drkazmd65 on Nov 26, 2011 at 09:44:55
“F & F for your grasp of the reality and realities of the problem.”
But lets not forget... what´s the alternative to Greece´s demands? Default, no financial markets for Greece in at least 10 years, and banks will go ahead and just collect their CDS on Greek bonds, and the european governments can shove it.
Though triggering the CDS could potentially become catastrophic, there are healthy enough banks to withstand the systemic episode, and those banks are the ones who will in time put their foot down and say no to the europea governments preassure.”
Jon LoGotti on Nov 27, 2011 at 18:17:19
“There is no CDS trigger on Greek bonds as the IIF has determined already it will not trigger a credit event because it is voluntary even though it isn't.”
“Seriously... europeans need to stop trying to point fingers and start resolving their mess. Rating agencies are companies that analize credit conditions for financial instruments (private or government issued), and what they do is to share an opinion on current state of things (just like any random poster in huff, except rating agencies profesionally are more credible). And rating agencies are ALWAYS behind the market curve... so by the time they make an upgrade or downgrade desition the market has already far reacted and priced accordingly... in short... they deliver you today´s newspaper with last week news.
Rating agencies are not the problem Europe... YOU are. Fix it.”
BrianPK80 on Nov 26, 2011 at 11:35:44
“Sorry to burst your bubble, but the ratings agencies have agendas.”
vidtrainer110 on Nov 26, 2011 at 07:20:23
“Myopian. Ratings agencies aren't calling balls and strikes here. They are part of the rigging of the global financial system. They make their money serving the interests of banks. There is nothing independent about them, they are private companies interested in increasing profits...and they know where their bread is buttered. They are no more credible than a dog at dinner time. (not to insult dogs, they are a far more honest)”
“I´m not saying it was the aliens, but... it was the aliens.”
Sanders McGrillin on Nov 26, 2011 at 14:27:09
“makes sense, thousands of years ago there was no "science" & people did not understand why the world had light, and things fell to the ground & people died. If we as humans had space travel think about what we would do if we came across intellegent beings who were raping & killing each other? We would do 1 of 3 things... 1.) leave them alone on the undeveloped planet to fend for themselves, 2.) try to interact with them & help them better themselves with things like the bible=basic instructions before life existed. 3.) we would take over their planet & enslave them for our profit. So to me its not far fetched that the whole religion thing came from aliens because humans could not fathom "space men" at the time & the next thing you know we have religion. its just a theory but it makes more sense to me than some dude in the clouds listening to everyone mummer to him at the same time. To each thier own though. Good times”
“I don´t have an iPhone, I do, however, have a life. That´s Samsung´s message with this... and boy is it funny.”
anthonyparker80 on Nov 24, 2011 at 10:23:56
“Yep...there just phones”
Onutz on Nov 24, 2011 at 09:18:51
“Yeah, people with iPhones don't have lives. Buying a Samsung phone will prove that you do indeed have a life. The commercial says it, so it must be true. And don't forget, iPhone owners are fanboys, not you.”
“I dont know what´s weirder, to see this written from an american or that it got favorited 4 times. I´m not from the US, but I travel frecuently there and that little experience has showed exactly wjy federation works better for the US because states are indeed significantly different from each other in the problems they face, their needs, their development strategies, etc.
Florida is like a different planet from New York, Utah seems like from another galaxy, and so on. The economies rely on different things, the needs of the people are different, even seasonal planning is different. Therefor even though central planning for the whole country on the federal level is necesary, states MUST have certain independence to act according to their needs without total dependence of what goes on at the federal level.
I may disagree on the level of reach such state independence may have, but the fact that they need significant amount of freedom to act for their own people is really unquestionable.”
Stoopid American on Jan 16, 2012 at 13:15:32
“I disagree that the states are that fundamentally different. And I think you are overlooking the tremendous cost of state-level government, in terms of regulations, size of government, intrusiveness, etc. Really, if one is serious about making government smaller, this is the most reasonable path forward I can envision.”
“What should be noted is that in general we seem to be on a stalemate right now. In late 2010 there was a lot of confidence in the recovery, but this spurred a rapid hike in commodities prices that then posed a significant threat for that growth and actually affected consumers to the point of slowing down the progress. If, in fact, a stronger recovery is signaled for 2012, and no core changes are done in most commodities markets we will see another steep rise in their prices that will AGAIN hamper their growth... we´ve been seeing this cycle happen twice in the last 4 years, and we could see it happen again in 2012. Heavy nationalization, export controls and subsidies on important commodities (food and energy mainly) have been undergoing steadily for the last 10-15 years and it has taken its toll on the supply side, if this doesn´t change then we will see ourselves repeating the whole "good news - energy/food go up - slowdown" until who knows when. Any sign of significant recovery will shoot oil over the $130 mark and that will again hurt the recovery. That´s called a stalemate.”
“So what if Chinese are for persuing alternative cleaner energies? why do you treat them as the boogie man? if the Chinese find a functional cost-efficient alternative then AWESOME, they US will likely buy it and produce some of its own and improve it. That´s how real life works.”
Ram Samudrala on Nov 26, 2011 at 09:25:44
“Yes, but the US is supposed to be the world leader in such things, and we still are for many things, but not for clean energy which is unfortunate. This isn't a case of the Chinese doing something we couldn't do better; it's a case of us not even being able to remotely compete. While we waste our wealth on guaranteeing the flow of oil for the world, other countries are racing ahead in clean energy technology development.”