Park Life 71 Posted July 14, 2011 Share Posted July 14, 2011 In our view, the whole structure of modern, developed social welfare democracies is ready to topple. And not just because of the latest financial crisis. The crisis that began in ’07 is just a flashpoint…just part of a huge turnaround that has been underway for years. Guess how much the Italian economy has grown in the last 10 years? Zero. Guess how much net average wages in France have gone up since 1975? Zero. Guess how many net new employees the Japanese have added to the workforce in the last 20 years? Zero. Guess how many new jobs the US economy has created in the last 10 years? Zero. Guess how much the average hourly wage in the US has gone up since 1975? Zero. Guess how much the real, private sector economy of the US has grown in the last decade? Zero. Guess how much US housing – and household wealth – has increased since the beginning of the 21st century? Zero. It seems almost unbelievable, because it contradicts everything we thought we knew. Italy may be mismanaged. Greece may be a basket-case, but the US was supposed to be the most dynamic, adaptable, capitalistic, forward-looking, technology-absorbing, growth-oriented economy the world has ever seen. How could it go nowhere for more than a decade? How could an American’s labor not increase in value, while the economy becomes more efficient and more productive? Read more: Active Volcanoes of Debt http://dailyreckoning.com/active-volcanoes.../#ixzz1S4H3qJPB Link to comment Share on other sites More sharing options...
Meenzer 15561 Posted July 14, 2011 Share Posted July 14, 2011 Increased efficiency makes people redundant. You can get robots to do a person's job, but a robot can't buy the end product. Link to comment Share on other sites More sharing options...
Sonatine 11412 Posted July 14, 2011 Share Posted July 14, 2011 Nothing to do with the Brat Pack movie then? Link to comment Share on other sites More sharing options...
Park Life 71 Posted July 14, 2011 Author Share Posted July 14, 2011 Nothing to do with the Brat Pack movie then? It is if you fink about it... Link to comment Share on other sites More sharing options...
Park Life 71 Posted July 14, 2011 Author Share Posted July 14, 2011 WASHINGTON -- A testy President Obama yesterday abruptly walked out of debt-limit talks at the White House, with no deal in sight as the Aug. 2 deadline to avoid a credit default rapidly approaches. Obama shoved back from the conference table and said, "We'll see you tomorrow," ending heated budget talks with congressional leaders, said House Majority Leader Eric Cantor (R-Va.). The talks are scheduled to resume today. The fourth consecutive day of negotiations had been complicated by new obstacles as battles broke out within Republican and Democratic ranks. Read more: http://www.nypost.com/p/news/national/angr...J#ixzz1S4ITJaVu Link to comment Share on other sites More sharing options...
Guest alex Posted July 14, 2011 Share Posted July 14, 2011 Canny book, though very dated. Link to comment Share on other sites More sharing options...
Guest alex Posted July 14, 2011 Share Posted July 14, 2011 In our view, the whole structure of modern, developed social welfare democracies is ready to topple. And not just because of the latest financial crisis. The crisis that began in ’07 is just a flashpoint…just part of a huge turnaround that has been underway for years. Guess how much the Italian economy has grown in the last 10 years? Zero. Guess how much net average wages in France have gone up since 1975? Zero. Guess how many net new employees the Japanese have added to the workforce in the last 20 years? Zero. Guess how many new jobs the US economy has created in the last 10 years? Zero. Guess how much the average hourly wage in the US has gone up since 1975? Zero. Guess how much the real, private sector economy of the US has grown in the last decade? Zero. Guess how much US housing – and household wealth – has increased since the beginning of the 21st century? Zero. It seems almost unbelievable, because it contradicts everything we thought we knew. Italy may be mismanaged. Greece may be a basket-case, but the US was supposed to be the most dynamic, adaptable, capitalistic, forward-looking, technology-absorbing, growth-oriented economy the world has ever seen. How could it go nowhere for more than a decade? How could an American’s labor not increase in value, while the economy becomes more efficient and more productive? Read more: Active Volcanoes of Debt http://dailyreckoning.com/active-volcanoes.../#ixzz1S4H3qJPB Guess how bothered I am Link to comment Share on other sites More sharing options...
ajax_andy 0 Posted July 14, 2011 Share Posted July 14, 2011 Nothing to do with the Brat Pack movie then? Movie was shite, should read the book as its 100 times better. Link to comment Share on other sites More sharing options...
Kitman 2207 Posted July 14, 2011 Share Posted July 14, 2011 Guess how much interest I have in this thread Link to comment Share on other sites More sharing options...
Park Life 71 Posted July 14, 2011 Author Share Posted July 14, 2011 In our view, the whole structure of modern, developed social welfare democracies is ready to topple. And not just because of the latest financial crisis. The crisis that began in ’07 is just a flashpoint…just part of a huge turnaround that has been underway for years. Guess how much the Italian economy has grown in the last 10 years? Zero. Guess how much net average wages in France have gone up since 1975? Zero. Guess how many net new employees the Japanese have added to the workforce in the last 20 years? Zero. Guess how many new jobs the US economy has created in the last 10 years? Zero. Guess how much the average hourly wage in the US has gone up since 1975? Zero. Guess how much the real, private sector economy of the US has grown in the last decade? Zero. Guess how much US housing – and household wealth – has increased since the beginning of the 21st century? Zero. It seems almost unbelievable, because it contradicts everything we thought we knew. Italy may be mismanaged. Greece may be a basket-case, but the US was supposed to be the most dynamic, adaptable, capitalistic, forward-looking, technology-absorbing, growth-oriented economy the world has ever seen. How could it go nowhere for more than a decade? How could an American’s labor not increase in value, while the economy becomes more efficient and more productive? Read more: Active Volcanoes of Debt http://dailyreckoning.com/active-volcanoes.../#ixzz1S4H3qJPB Guess how bothered I am Link to comment Share on other sites More sharing options...
Sonatine 11412 Posted July 14, 2011 Share Posted July 14, 2011 Guess how much interest I have in this thread Link to comment Share on other sites More sharing options...
Kitman 2207 Posted July 14, 2011 Share Posted July 14, 2011 Guess how much interest I have in this thread Link to comment Share on other sites More sharing options...
The Fish 10876 Posted July 14, 2011 Share Posted July 14, 2011 In our view, the whole structure of modern, developed social welfare democracies is ready to topple. And not just because of the latest financial crisis. The crisis that began in ’07 is just a flashpoint…just part of a huge turnaround that has been underway for years. Guess how much the Italian economy has grown in the last 10 years? Zero. Guess how much net average wages in France have gone up since 1975? Zero. Guess how many net new employees the Japanese have added to the workforce in the last 20 years? Zero. Guess how many new jobs the US economy has created in the last 10 years? Zero. Guess how much the average hourly wage in the US has gone up since 1975? Zero. Guess how much the real, private sector economy of the US has grown in the last decade? Zero. Guess how much US housing – and household wealth – has increased since the beginning of the 21st century? Zero. It seems almost unbelievable, because it contradicts everything we thought we knew. Italy may be mismanaged. Greece may be a basket-case, but the US was supposed to be the most dynamic, adaptable, capitalistic, forward-looking, technology-absorbing, growth-oriented economy the world has ever seen. How could it go nowhere for more than a decade? How could an American’s labor not increase in value, while the economy becomes more efficient and more productive? Read more: Active Volcanoes of Debt http://dailyreckoning.com/active-volcanoes.../#ixzz1S4H3qJPB Guess how bothered I am Link to comment Share on other sites More sharing options...
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