koslov has it on the nail.
The french riots is loosely related to economics but it's more about the youths getting jobs than the economy itself. The riots is about disenfranchise groups of people fighting for better treatment and get attention to their cause. They say it's dying down which I am glad because the last thing the world needs is terrorist cells organizing the mob.
lothar you are painting the pretty picture of capitalist economics.
Joe six buys beer, buys car, buys gas, buys phone service, energy, and cable tv and makes companies worldcomm, enron, and adelphia rich . Execs that decided to rip people off and abuse their powers or use some creatative fianicial accounting scheme to rip off investors and nearly sends not only our economy into recession.
From what i learned about rich people is they only care about making more money
otherwise they giveup all their money. There is a reason why 1% of the wealthiest are worth so much more than the rest of us.
companies only care about profits and not jobs.
That is the real world, not some model. You think I got any trickle down effect from the bin laden families investing into the bush family and got them into the white house or when worldcomm, enron, and few other companies went belly up?
A perfect example of trickle down economy is the Dubai islands. It does exist but not in the US and it's exploitative mindset.
I agree on not having high taxes in the US because the government is so dumb they don't know what to do with it and are highly ineffiecient. Other countries have been successful with high levels of taxes and are able to address their issues. It just would never happen in the US
Last edited by ricecrispi; 11-09-2005 at 01:08 AM.
|