New Concerns About The Global Economy
http://thedianerehmshow.org/shows/2012-06-05/new-concerns-about-global-economy
There are new signs Germany may be willing to take an even greater role in rescuing the euro. Help would be tied to more centralized control over government spending across the euro zone and could cost trillions. Europe accounts for about a fifth of the world's economy. Financial troubles there continue to cast a long shadow over prospects for global growth.Please join us to talk about the economic and political risks of a faltering global economy.
Guests
Stella Dawson
U.S specialist, economics editor, Reuters.
Ian Bremmer
president, Eurasia Group; author of "Every Nation for Itself: Winners and Losers in a G-Zero World" (May 2012)
David Smick
global macroeconomic advisor, founder and editor of The International Economy magazine and author of "The World Is Curved: Hidden Dangers to the Global Economy".
Comments
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Teece Bowman wrote:
"No longer the working definition."
Huh? The definition is the definition.
The problem is using the term "capitalism" in this context might be incorrect. Certainly the term "state capitalism" as applied to China for example, is an oxymoron and nonsensical. Capitalism is capitalism.
Perhaps it isn't that capitalism has failed. Perhaps it is that it has never really been tried.
Those are not my words. I haven't a clue as to how their economy works. that was not a judgement statement but what was presented on this station through interviews with Chinese about how to make it in China. This was on the program that comes on at 4:00PM, a world news program. You may have more indepth knowledge. With that, I learn. Thank you.
"One must first have access to wealth/power in order to secure greater wealth/power. In this way China is also a "Capitalist" nation."
Complete ignorance.
I hear a lot of hatred and jealousy coming through in your posts, Pancake.
The Chinese Communist government and the T-Party philosophy are identical. A government that only serves the elite.A place where the State has no obligation to the people,where family and local communities are held to account. A docile and subservient population. A society where political descent is criminal. Where individual achievement is scorned in favor of the collective.
What a great place,China...Vulture Capitalism works better with Communism than with a Democracy.
I may not know how an economy actually works, that isn't ours, but one thing i have always wondered about. Why do the top people in communist and socialist countries( former USSR and her states )and now, China, seem to have alot of money under their system and the rest almost nothing. They are, were communists, socialists and in the former USSR, were standing in line for bread but the top people had money, nice homes, plenty of food. HMMMMMM!!! If i didn't know any better, i would think it was capitalism as practiced in America, today.
Patsy Nomore wrote:
"The Chinese Communist government and the T-Party philosophy are identical. A government that only serves the elite.A place where the State has no obligation to the people,where family and local communities are held to account. A docile and subservient population. A society where political descent is criminal. Where individual achievement is scorned in favor of the collective."
That is your view of the Tea Party?! There's not a hint of reality anywhere in that, Patsy!
Instead of "A government that only serves the elite" it should be "A government that SERVES NO ONE individually". That's not what government is for, Patsy. Yes, the State has NO OBLIGATION to ANY individual. The citizenry has the moral obligation to serve one another. The State does not.
The State (a proxy for the FG here) has an obligation to the collective - that's why it's is the FG that builds roads, coins money, and fields an army, that ALL can take advantage of, but shouldn't give out food stamps, home loans, school loans, or welfare to INDIVIDUALS and that includes CORPORATE welfare.
See the difference?
pisces62 wrote:
"i would think it was capitalism as practiced in America, today."
That's my point, pisces. What is practiced in America today is NOT capitalism. Capitalism would have no TARP, no GM bailout, no Solyndra.
Capitalism would also have no preferential (read complex) tax code. Capitalism would have a tax code that resembles a flat tax where if it comes in (assuming that it is income that is taxed) it is taxed, no shelters, no dodges, no deductions, for anyone including corporations and mortgage holders and April 15th is just another early spring day.
Pancake Rankin wrote:
I hate to see the nervous shaking, groveling and peeing of abused dogs too, pisces62. But it's pretty difficult for a poor dog to set himself on fire. For that he requires a Master. Some people like submission to the Big Man, an unfortunate perversion. They call it Liberty.
June 5, 2012 - 11:36 am
mchaun wrote:
Grady Lee Howard wrote:
... The USA has suffered a coup by the 1% , but supplicating reactionaries are cheering the coup plotters. If these same types were in Syria they's be throwing their daughters at the Alawite elite. Always the whipped dogs crawl to their abusive masters.
November 3, 2011 - 5:24 pm
mchaun wrote:
Not all richly rewarded whores are directly richly rewarded. Many more whores, like ecgbert, hope that by sucking up to their Imperial Masters, parroting their silly slogans, condemning regulation, for example, they will be richly (for them) rewarded by being allowed to wait under the Master's banquet table with the Master's Mastiffs to grab whatever crumbs that fall from the Table.
...
Monte Haun mchaun@hotmail.com
September 15, 2011 - 8:46 pm
mchaun wrote:
Millenia of the Feudal System has caused the White American to evolve a Feudal Gene rendering Him a throughly innate, inborn, inbred Lackey. Look at the record, no indignity too humiliating from our de facto, if not Titled, aristocracy of the Bushes and their Jew and Anglican middle rank associates who are the real interface between the oppressors and the oppressed. These are the Journalists, Clergy, Generals, Bankers, cops, Legislators, Economists, Business Persons, Educators, the Gentry and lower Peers, that really keep the Machine humming and who are well rewarded for their Loyalty.
Blacks lack this Feudal Gene which explains their reluctance to accept the petty as well as monstrous atrocities we White Commoners must daily accept without protest.
Monte Haun mchaun@hotmail.com
June 23, 2011 - 5:08 pm
November 4, 2011 - 1:25 pm
mchaun wrote:
"Many more whores, like ecgbert"
Hey mchaun. Why don't you learn to simply make a case for your position without a personal attack.
I don't think you can do it.
By the way, "Blacks lack this Feudal Gene"?! Are you kidding me? That puts you right up there with Jimmy the Greek.
Try a SINGLE post without a personal attack at a writer with whom you disagree.
Mike Sergeant wrote:
"Capitalism would also have no preferential (read complex) tax code. Capitalism would have a tax code that resembles a flat tax where if it comes in (assuming that it is income that is taxed) it is taxed, no shelters, no dodges, no deductions, for anyone including corporations and mortgage holders and April 15th is just another early spring day."
Hey Mike, you may be disturbed to learn that you have more in common with the Tea Party than you realize ... and with me too.
ecgberht,
Agreed on this one. Anytime someone says one race is better than the other, especially when using genetics as the basis of the statement, automatically goes to "Kook" status in my book. Everything else in the post is dismissed as racist gobbleygook whether it is or not.
pisces62 wrote:
I love to study the Civil War. the mentality of the right and their cohorts remind me of the southern soldier. Most never owned a slave. Most were poor as poor could get. The wealthy plantation owners put more value in their slaves than what they referred poor whites as. YET, they talked a good game. The north will destroy you. Take away your rights. Take away your wealth. States Rights as they stripped and denied poor whites anything to begin with. Yet, they drank the kool-aid and lost what little they had. The same out come for the banks, too. They lost and the plantation owners lost. The banks lost, people lost their jobs and some banks lost everything. The south had to claw her way out of the aftermath with no help....
June 5, 2012 - 11:27 am
"No wonder some of these people don't want to hear about slavery.They gave their lives and limbs by the thousands and thousands to protect Massa Cartwright's huge investment in slaves and plantation and his gracious lifestyle.
The Yankees could't kill them fast enough, but they fought on single-mindedly always thinking only of the Gentry and the Manor until their Land was in ruins and their Families scattered and impoverished. Not a single horse fit to plow in King William County, Virginia, no corn, nor hay, nothing but misery.
No longer could the Pipes and Drums be heard while the gaily uniformed recruits march North singing of their desire to slaughter the God-Damned Yankees.
But they fought on, sinking into total barbarity and depravity to sustain their Sacred Cause, Night Riders, butchers of Women and children, Bandits and when there was no place left to hide, they fled to Mexico or the Indies.
Though Traitors, as well as War Criminals, their Leaders went unpunished because President Lincoln hoped to heal and restore the Union. That was not to happen."
Monte Haun mchaun@hotmail.com
I don't think I have ever stated a preference for one political view over another. I have argued on both sides and tried to call people out. I like to think of myself as a moderate that supports views from all over the political spectrum. I think the Tea Party has some valid ideas that would help this country but I will never identify myself as a member because they have too many ideas that I feel will hurt this country. I think the Progressives have some valid ideas that would help this country, but I will never identify myself as a member because they have too many ideas that I feel will hurt this country.
I don't believe this country became great because one ideology eclipsed the other, it became great because we, as a people, were willing to discuss and argue, and from those discussions came compromises. Nobody got everything they wanted but the country got what it needed. Today it is the opposite, too black and white, my way or the highway and compromise is a dirty word.
I see you still haven't learned to read since the last time I posted this very same Comment!!!
I don't think you meant Jimmie the Greek and I didn't mean it that way, but the case of the Professional Ball Team Managers is an excellent example of the (lack of) the Feudal Gene.
"Jimmy" was right, in that, some Black Men hate the kissing up to their Bosses that is so necessary in the Business World. Unlike ecgbert and his DRShow Pals, who are so adept at it.
In fact, eggie loves it, believing that Rich Folks not only smell better and taste better, they really are better.
Monte Haun mchaun@hotmail.com
mchaun wrote:
"In fact, eggie loves it, believing that Rich Folks not only smell better and taste better, they really are better."
Still waiting for a post with only substance and no personal attack.
I knew you couldn't do it.
Mike Sergeant,
My views line up with anything that is supportive of self determination.
In the end, that's what freedom is all about.
"Who would want that?" (i.e. holding and ditributing goods in common according to need).
The early Christians did exactly that. Of course they did have an advantage - when a person lied about the money he got for selling his property instead of turning the proceeds entirely to the community, he was struck dead.
Wouldnt that be an interesting society in which liars and cheaters (not the poor or disabled) would be struck dead!?!?
LibVet wrote:
"The early Christians did exactly that...."
Thanks for the thoughtful reply. They can be hard to find some days.
Comparing the early Christian church to the world would be like comparing ... well, not even apples and oranges.
Frankly, LibVet, I believe that is exactly where we are headed - a central world government where everyone will be indentured to the government the so-called "progressives" now crave. I only pray that I am not alive to see it.
These are the same ones who complain about "the right" supporting slavery in the south (completely false by the way and demonstrably so - look at the voting on the civil rights bill in the 60's). It has always been the left who has supported slavery in one form or another - never freedom and self-determination - beginning with blacks in the south, and now the poor indentured to the FG. Some things never change.
I listen to your show while driving and, therefore, cannot safely call in. However, I wish I could as you have covered the economic distress in the EU several times over the past few weeks and I am struck by the lack of discussion of the failure to collect taxes in those very states that are having the greatest problems. Italy, for example, is well known for being unable or unwilling to enforce its tax laws and many wealthy citizens avoid taxes altogether. Similarly, Spain and, likely, Greece, have a difficult time getting the fair share of taxes from the very rich or from major corporations. Even the UK gave tax breaks to the very rich while, at the same time, was raising tuition at colleges and making much less wealthy students angry.
Those nations in Europe that followed the conservative economic policies that enriched the rich and deregulated business fared the worst, just as the USA did, and all failed to tax sufficiently to cover spending.
Those nations that got the correct balance between taxes and spending, such as Norway or Sweden or Denmark have not had similar economic distress.