Debates
04 Sep 09
04 Sep 09
The barman where I was tonight reckons there was actually no recession; it's all just an excuse for global companies to downsize, raise job security concern and thier productivity, and for governments to bail out all the “fellows" who have got into silly debt. Apparently it's a reboot, not a recession!
Despite the tabloid conspiratorial obviousness of his premise, does he have a case in some way?
04 Sep 09
Originally posted by divegeesterNo.
The barman where I was tonight reckons there was actually no recession; it's all just an excuse for global companies to downsize, raise job security concern and thier productivity, and for governments to bail out all the “fellows" who have got into silly debt. Apparently it's a reboot, not a recession!
Despite the tabloid conspiratorial obviousness of his premise, does he have a case in some way?
05 Sep 09
4 edits
Originally posted by divegeesterWhat I can tell you is that I noticed the economy going south about a decade before the credit crisis. I'm not sure I buy into the whole conspiratorial notion, but I do believe there were those who saw what was coming and used it for their own benefit. The real question is were they oppurtunists or did they orchastrate it?
The barman where I was tonight reckons there was actually no recession; it's all just an excuse for global companies to downsize, raise job security concern and thier productivity, and for governments to bail out all the “fellows" who have got into silly debt. Apparently it's a reboot, not a recession!
Despite the tabloid conspiratorial obviousness of his premise, does he have a case in some way?
One thing of note is that there are far fewer small businesses now which translates for a better monopolistic business environment for big business. Unfortunately, however, small business accounts for about 2/3 of new job creation annually in the states so I think the rising unemployment rate is an indication of how they have been struggling. In fact, from what I have heard, unemployment in socialist countries is routinely around 15%. I suppose that is where the US is headed as well. So I guess the moral of the story is that big government equals big business. In the end they all become blurred. Case in point is the bail outs of the banks by the federal government. Then you see a bank like Chase turning around and buying up outstanding debt by from the state of California? You tell me what's going on mate?
05 Sep 09
Originally posted by whodeyIt's in the interests of big business to have high unemployment, so that wages can be kept low through competition.
I think the rising unemployment rate is an indication of how they have been struggling. In fact, from what I have heard, unemployment in socialist countries is routinely around 15%. I suppose that is where the US is headed as well. So I guess the moral of the story is that big government equals big business.
By contrast, it's in the interests of government to have low unemployment, so that voters will be satisfied.
So how does big government equal big business?
05 Sep 09
Originally posted by TeinosukeIt's in the interest of big business for unemployment to be low so more people have money to spend on what big business produces.
It's in the interests of big business to have high unemployment, so that wages can be kept low through competition.
By contrast, it's in the interests of government to have low unemployment, so that voters will be satisfied.
So how does big government equal big business?
There is no comparison between business and guvamint, one of the two operates on the inititation of force and threats of force. The other you can opt in and out of anytime you like.