History /
Life in communism vs democracy in Poland [234]
Remind me again, where did the biggest economic crisis of the modern times stem from?
Regulated Europe or unregulated US/UK???
The problems in the US stem from regulation, corporate welfare/social welfare, and idiotic monetary policy. Capitalism was trying to fix itself by punishing companies that made bad loans and bringing housing prices back into line. The government responded by devaluing the currency again. A lot of what you guys are calling the business class/capitalist class should have lost all their money. The government somehow convinced people that houses would stand empty and people would freeze to death if they didn't rescue the mortgage backed securities of the banks/pension funds/mutual funds. Instead of letting housing prices drop back to where people can afford them, the government is keeping them high in order to support people that make bad choices. They fed is also in a bad place with interest rates, as ****** banks are so over leveraged, that increasing interest rates would cause them to tumble down, as they should.
The problem is arguably worse in places like the UK, Spain, Greece, and Iceland, which last I checked were in Europe. Public debt as a percentage of GDP is officially higher in a number of countries in Europe (but I don't trust GDP numbers in general, the US and UK have a grossly overstated GDP), including Germany. The social systems are unsustainable, that's why the government is pushing more children during a time in which smaller families would be much more beneficial to the environment and national infrastructure.
Germans never respected anglosaxon management.They prefer management by experienced workers
Bwahahaha. Are you serious? Deutsche Bank, Telekom, Allianz, RWE, Deutsche Post, VW, are all Mckinsey clients...If you look through Sr. Management bios, you'll find quite a few ex Mckinsey employees as well. It's all the same,
the current crop of management all practice the same poison, regardless of which country they are from.