Vic
Elite Member
- Jun 12, 2001
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My point about India's "whoring" is that they are indulging in capitalism. Hardly the nation to wave the socialist banner above IMO. As you noted, they are using inequity to profit -- that is capitalism.Originally posted by: Proletariat
Finance.. good you are already biased. Economics is the business-end of the Capitalist religion.
Whoring? Are you sure? I work in a company that outsources. The company is being jerked around by very intelligent Indian professionals who want more money. They are being paid less in American dollars but they are being paid MORE than fine by Indian rupee standards. I know a lot of professionals there that have a job retention period of 2 years. American companies are begging for these people.
Europe is doing better economically than the entire world except the United States. I think they are quite fine. That is your slippery slope. Whining about someone in second place is ridiculous. They are far from a failure.
Europe, like the US, will continue to do fine as long as its credit rating remains high. Meaning that as long it can borrow, it can stay afloat. Such is the fate of all socialist nations. The problem is: who is doing the lending? Because eventually they'll control everything.
Quote for the thread:
"A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largess of the public treasury. From that time on the majority always votes for the candidates promising the most benefits from the public treasury, with the results that a democracy always collapses over loose fiscal policy, always followed by a dictatorship." -- Sir Alexander Fraser Tyler