posted on Dec, 7 2011 @ 04:41 PM
Originally posted by kauskau
Originally posted by Shugo
reply to post by kauskau
There's no fact in that, all it proves is that regulation doesn't work either. I'm not saying a flat out free market works, but I'm not saying
regulation works either, and Germany is case in point. The entire global economy is failing, it has nothing to do with regulation or free market.
i agree. We need something new...We need the best of BOTH worlds. Capitalism and socialism!
We have had a mixed economy at best for some time. When people say it doesn't work, which part doesn't work? The Socialist part or the bourgeoisie
Capitlaist part? Or how about the Keynesian part? It's really amusing how people say Capitalism doesn't work, when we've been flirting with Socialism
since FDR. You say that socialism is working in Germany(but you don't want to call it socialism for some reason) but yet we are hearing that your
economy is struggling.
Maybe that 100,000 debt for every person in Germany isn't working like you thought it was.
Some of us don't want socialism because we have already seen what the socialist programs we already have are doing to us.
We have to revamp Social Security, which isn't secure because govt bureaucrats raid the fund for other things, it's not invested properly, and the
people who paid in 30 years ago require way more to survive than they did 30 years ago....inflation is a pesky critter.
The more jobless you have, the less people pay in to the system. It's a mess.
Now that govt completely screwed up SS, now people want govt to do the same thing with health care. Some people never learn.
Instead of saying, we screwed up with SS, let's not do the same with healthcare, they say oh we need to socialize healthcare too. This is insanity.
This is what wikipedia says about the German economy
The German economy practically stagnated in the beginning of the 2000s. The worst growth figures were achieved in 2002 (+1.4%), in 2003 (+1.0%)
and in 2005 (+1.4%). Unemployment was also chronically high. Due to these problems, together with Germany's aging population, the welfare
system came under a lot of strain. This led the government to push through a wide-ranging programme of belt-tightening reforms, Agenda 2010, including
the labour market reforms known as Hartz I - IV. In the latter part of the first decade of 2000 the world economy experienced high growth, from which
Germany as a leading exporter also profited. Some attribute the Hartz reforms to the high German growth and declining unemployment, while others
contend that it resulted in a massive decrease in standards of living, and that its effects are limited and temporary.
The nominal GDP of Germany contracted in the second and third quarters of 2008, putting the country in a technical recession following a global
and European recession cycle. German industrial output dropped to 3.6% in September vis-a-vis August. In January 2009 the German
government under Angela Merkel approved a €50 billion ($70 billion) economic stimulus plan to protect several sectors from a downturn and a
subsequent rise in unemployment rates. Germany exited the recession in the second and third quarters of 2009, mostly due to rebounding
manufacturing orders and exports - primarily from outside the Euro Zone - and relatively steady consumer demand.
But of course, wikipedia is renowned for it's liberal patronage.
edit on 7-12-2011 by ThirdEyeofHorus because: (no reason given)
edit on 7-12-2011 by ThirdEyeofHorus because: (no reason