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Originally posted by pause4thought
100,000 rally against austerity in Portugal — in pictures
roarmag.org
(visit the link for the full news article)
Tens of thousands of people rallied in Portugal Saturday against the government’s austerity measures... amid projections that the economic situation was far worse than expected.
Government and private sector workers demonstrated in Lisbon and Porto following a call by the country’s largest trade union federation to speak out against policies it says threaten “jobs, workers, pensions and social rights.”
Rally organisers claimed 130,000 people demonstrated in Lisbon & 50,000 turned out in Porto.
So what has failed in Portugal? Capitalism or socialism?
Originally posted by seachange
Socialism is the idea that you own other people's property and should be able to use it any way you want.
It would seem that socialism is failing in Europe. Capitalism is only viewed as failing in the USA because people are so foolish as to think it actually exists in the USA. .
Neither, as far as I know, as an economic system, Socialism isn't used in any European country.
Originally posted by seachange
So what has failed in Portugal? Capitalism or socialism?
Originally posted by marg6043
Sadly history tells another story, it is in the make over of nations for "revolution" to grow and flourish when the nations governments stop "servicing" the people and service "special interest", that is what is going right now no only in the US but globally, governments are convering their mistakes, using words like "stimulus and bailouts" to plunder future generations of their wealth, to support big interest.
Economies are dying, this will only affect the populations not the ones that hold the wealth, so it will be very silly to say that revolution will not happen eventually.
It made sense during World War II.
Originally posted by Pervius
Portugal is one place we have a military base that makes no sense.
Some people may attack some US citizens, but that doesn't mean that we hate America, in fact, the only people that are always talking about hate are mostly from North America. If we didn't hate the US when they had war ships with their guns pointing to our parliament, there is no reason to hate them now.
The local people every year attack our citizens walking around in their country. And never get punished for it. Portugal hates America.
Funny, it's the first time I read about that, but if it's true I'm sure you will be able to find several cases from several different places with several American (I suppose you mean US) citizens from different walks of live to support that information.
They REALLY hate tall people. It's odd. Find a really tall American and take him to Portugal and walk the streets. Within 1 day he'll either be jumped and sucker punched or stabbed.
We don't, but you are making it easier.
Why we waste our money have a military presence in Portugal is beyond me. They hate us.
Originally posted by Unity_99
Originally posted by pause4thought
reply to post by Erongaricuaro
FREE AND EQUAL.
Originally posted by ARealandTrueAmerican
Originally posted by seachange
Socialism is the idea that you own other people's property and should be able to use it any way you want.
Err, what definition of Socialism are you referring to?
It would seem that socialism is failing in Europe. Capitalism is only viewed as failing in the USA because people are so foolish as to think it actually exists in the USA. .
"Socialism" exists in Europe as much as "Capitalism" exists in the USA.
That's just a very small part of the problem, and not on all of Europe.
Originally posted by WarminIndy
What Europe is experiencing is that a lot of immigrants into various European nations are expecting the wealth to be shared with them without understanding the wealth is not really there except among a small group of people. To believe the larger group of people have wealth is straining the system.
Originally posted by ArMaP
Neither, as far as I know, as an economic system, Socialism isn't used in any European country.
Originally posted by seachange
So what has failed in Portugal? Capitalism or socialism?
Also, from what I have seen, many people from the US mix Socialism with Social State, but they are not the same thing; the first is an economic system in which the means of production are either commonly or state owned, while the second means a government with social responsibilities towards the citizens.
What happened in Portugal was the same thing that happened everywhere, the banks stopped lending money to the people because they were afraid of the worldwide consequences of the failure of some financial institutions, so the people start spending less, the government gathered less money in taxes, etc. That, coupled with bad management, resulted in this present situation, helped by the rating firms that decide how much a country is worth based on their own ideas.
Originally posted by seachangeGenerally, things are doing more badly where you have governments that have heavier control of their economy, and things doing less badly in places where governments have lighter control over their economy. Things are going well (and less poorly for the poor) in the one and only economy to be something close to a free-market economy: Hong Kong. Things are going fair in the six most free-market economies in the world as ranked by the Index of Economic Freedom. Things are going poorly in the middle of the pack. Both Portugal and the United States governments spend 45% to 50% of all money spent within their economies. Therefore, both have highly restricted consumers since ultimately that requires half of all consumer spending on average to be controlled by the government and therefore all production (and consequently ownership of production) to be controlled by the government.