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re: Nice opinion piece on income inequality from CNN
Posted on 4/10/14 at 3:30 pm to 3nOut
Posted on 4/10/14 at 3:30 pm to 3nOut
quote:
No. is.
Name a better system. Seriously. Name a better economic system.
Russia? China? North Korea? Venezuela? Japan?
Any country regardless of economic position would have done well if they had had what we did to start out.
Great location (ports in both major oceans, centered in the North American continent)
Technology boom (that had nothing to do with the economy)
Massive military (due to virtually unending resources)
An economy built around what we value.
For what it's worth, China with their mixed economy is doing pretty well as is Japan and South Korea -- all because of technology.
Control technology, control the world. The economics behind it has zero to do with it.
2
Posted on 4/10/14 at 3:34 pm to StrawsDrawnAtRandom
quote:
Technology boom (that had nothing to do with the economy)
Debatable
quote:
The economics behind it has zero to do with it.
Unless you believe the anticipation of personal gain is a major driving factor of technological innovation.
Posted on 4/10/14 at 3:38 pm to StrawsDrawnAtRandom
quote:
StrawsDrawnAtRandom
You can get a touch preachy at times, but you generally bring an interesting thought to the table.
quote:
Any country regardless of economic position would have done well if they had had what we did to start out.
I wouldn't go that far, but obviously America has some significant advantages and resources at it's disposal.
quote:
China with their mixed economy is doing pretty well
Yes but there is trouble ahead. The one child rule has set China up for a demographic nightmare in a couple of decades. In the short term they are cooling as well, and must focus on a consumer based economy. I don't deny their system has worked well, but there is still plenty of trouble ahead.
quote:
Japan
Uh...their economy has been shitty for the better part of the last 20 years.
quote:
all because of technology.
No.
Tech has helped to even the playing field. There are other factors driving those economies though. Natural resources, trade policy, ect......the same shite that drives every economy.
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