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Just asking: how would you classify the US Recession of 2008 (esp. if the taxpayer-funded bailouts had not been done), the 1929 US Depression, and the world wea
by abawany 10y ago
Just asking: how would you classify the US Recession of 2008 (esp. if the taxpayer-funded bailouts had not been done), the 1929 US Depression, and the world wealth imbalance? As for Venezuela, what role do you think the oil market price collapse and the US embargo had on their economy? Also, it is unusual that you classify Greece as socialist - one almost imagines that for you, socialism is synonymous with failure.
- altstar 10y agoThat tax is still being paid by capitalism. It is a tax on income made, or future income going to be made (that is when a country debt fund the shortfall in tax revenue).
- paulddraper 10y ago> it is unusual that you classify Greece as socialist http://www.cnbc.com/2015/07/01/greek-disaster-is-all-about-socialism.html http://www.cnbc.com/2015/07/01/greek-disaster-is-all-about-s... In fact, up until the debt crisis, the Panhellenic Socialist Movement (PASOK) was Greece's largest political party. Naturally, it has fallen out of favor since then.