4 ms·
This is utter nonsense. An article full of dogmatic assertions with no backing data. If you want to understand the world, look at the numbers, like this: http
by Htsthbjig 12y ago
This is utter nonsense. An article full of dogmatic assertions with no backing data.
If you want to understand the world, look at the numbers, like this:
http://en.wikipedia.org/wiki/File:USDebt.png http://en.wikipedia.org/wiki/File:USDebt.png
A non backed assertion example:
"Technological revolutions result in negative turns in the distribution of income, as income flows towards those who take early advantage of the new technologies."
Today the number One distribution machine is the computer of the central banks that let them print billions of currency a day(dollars, euros or yenes) backed by nothing real in the material world.
This people print on a single day the wealth that takes a year to generate in the real world. Look at how much shadow money there is in securities and derivatives compared with the real economy. As Warren Buffet says, it is a weapon of mass destruction.
Even something technological like Facebook earned most of their money from an artificially pumped stock market, not from the real world selling products and services.
I have profited enormously from the stock market because I understand this, it is not so hard. It is way harder to create valuable products out there in an economy that is taken for ransom by the banks, big companies and governments that are robbing them blindly.
Another powerful assertion:
"Russia’s annexation of parts of Georgia and Ukraine brought back another monster that we thought had disappeared between the 1930s and the 1940s—the territorially acquisitive authoritarian Great Power."
Russia should have supported a violent coup d'etat in Ukraine that replaced their pro Russian democratically elected gobertment. They also should have given them Sevastopol, and also let the US putting "defense" missiles there pointing to Moscow.By the way they should also let the US to destroy Russia-EU commercial relationship, and why not let foreign companies control their bast natural resources(as the biggest country in the world).
Russia, like the US or China, has her own interest, like any other country.
Thinking a modern country is going to behave like Iraq when you invade their country to take their resources is probably not a good idea.
- squids 12y ago>Even something technological like Facebook earned most of their money from an artificially pumped stock market, not from the real world selling products and services. I have profited enormously from the stock market because I understand this, it is not so hard. It must be pretty hard to everybody else or most funds would be beating the market. What is your strategy in picking stocks that takes advantage of these inflated equities?
- tomp 12y agoRussia was not invaded.
- acqq 12y agoYes, the text far from even trying to be objective (maybe "economist" is he who "explains" but it's not economy that is in the text), it's full of merely unsubstantiated "common motifs" that float in the US-centric media and are more product of propaganda or the need to have some "feel good" simple "explanation" than even try to understand the forces present in our world. The economists actually learn that US had very strong protectionist policy for its own economy and that it actually helped. Free market is mostly an expression used for something that is used to sell your stuff to other nations or to allow your companies enter some market.
- onlymyopinion 12y agoFirst part of your message makes sense to me. But you may want to check your perception of the reality about the second part. http://imrussia.org/media/pdf/Research/Michael_Weiss_and_Peter_Pomerantsev__The_Menace_of_Unreality.pdf http://imrussia.org/media/pdf/Research/Michael_Weiss_and_Pet...
- emp_zealoth 12y agoI'm sorry, as a person that lives in Poland i have to disagree with rampant BS about Russian involvement Ukrainian government was an oligarchy, bought by Russia (The president miraculously changed his mind right before it was time to sign the treaty - having before, repeatedly, said how important to growth and stabilisation of Ukraine affiliating with EU was) Then, when it all blew up, he run off to his masters in Russia. Russia is actively fueling the fighting in Ukraine, providing weapons, specialists, training, money etc. A passenger liner was shot out of the sky using modern Russian AA battery that had to be provided by Russian state. Poor, poor victimised Russia... About the missile batteries - Russians freaked out when they learned that US shops carry ASAT/Anti ballistic missiles, not because it is a direct threat, but because it stops them from doing something stupid with their nukes.
- emp_zealoth 12y agoI'm sorry, as a person that lives in Poland i have to disagree with rampant BS about Russian involvement Ukrainian government was an oligarchy, bought by Russia (The president miraculously changed his mind right before it was time to sign the treaty - having before, repeatedly, said how important to growth and stabilisation of Ukraine affiliating with EU was) Then, when it all blew up, he run off to his masters in Russia. Russia is actively fueling the fighting in Ukraine, providing weapons, specialists, training, money etc. A passenger liner was shot out of the sky using modern Russian AA battery that had to be provided by Russian state. Poor, poor victimised Russia... About the missile batteries - Russians freaked out when they learned that US shops carry ASAT/Anti ballistic missiles, not because it is a direct threat, but because it stops them from doing something stupid with their nukes.