4 ms·
"The poor in the developed economies are far better off" The grandparent said "the same track". People are not revolting because they had bad times they are re
by RobertoG 10y ago
"The poor in the developed economies are far better off"
The grandparent said "the same track". People are not revolting because they had bad times they are revolting because they don't see the end of it. They see a trend. So, who say that they (we) are not going to finish like the poor in the not developed world?
For instance, in Europe there was a de facto 'social contract', the welfare state, that is being dismantled using as excuse the need for 'austerity'.
- stcredzero 10y agoIt wouldn't be the same track. It would be a parallel one.
- nickik 10y agoHow to we know it? Many reasons, studying the problem, creating models and and ways of thinking. The reality is that asia comming online in the global market is fantastic. Even the people whos income has gone down, they profit from cheap products and more importantly further development in technology. Their is zero evidence that we will be dragged down by this. The hole "austerity" thing is simple false. Very few countries have done any meaningful change. Most of them still have massive deficit that are growing and the government budget is generaly always growing as well.