Proper Economics

So, posing this issue for all to discuss: Is the world on the right track to solving this economic mess? Feel free to discuss your own country or others. I'll be discussing my feelings on America as well as Europe, as I think I have a decent feel for Germany and the EU in general.

Also, which system of economics works better? The US is currently delving into a dangerous mix of capitalism, socialism, and fascism.

http://www.smashlives.com/the-podium-f10/global-economic-downturn-t21.htm

You could have used that thread.

My view is we are all screwed.

Massive taxes for the next couple of generations because we have had to spend a fortune bailing out greedy banks.

Government using my tax money to try and keep house prices ridiculously high.

It's all going to get a lot worse before it gets any better.

I second the view that we are all screwed.

If the government is bailing out the banks & they are effectively beocming state-owned, then the profits should be used to help keep our taxes down. I don't see why WE should be paying through the nose because our MP's are so tight-fisted they have to claim 88 pence back for a bloody sink plug.

Phenom I wouldn't bet on what you've heard in Germany being the general vibe for the EU.

I'm hoping the economy will pick up but the fact is all these measures that the Government have brought in with the stricter regulation and neutral ombudsmen conjures up that age old phrase about stable doors and horses. I reckon it's too late to do anything about it now and we'll just have to wait until the economic forces work themselves out, which they always do, but who knows how long that'll be?

I forgot the phenom was in Germany, apparently they are in a far worse state than Britain finds itself and, due to being part of the Euro, they don't have the same freedom to try measures to help themselves.

Lots of Eastern European bad debts I was reading that Germany are exposed to.

Hector_Nicols_Accordian wrote:I forgot the phenom was in Germany, apparently they are in a far worse state than Britain finds itself and, due to being part of the Euro, they don't have the same freedom to try measures to help themselves.

Lots of Eastern European bad debts I was reading that Germany are exposed to.

Not quite true because it's Germany's equivalent of the Bank of England that's in charge of maintaining the Euro. They've never hesitated to benefit themselves before, as they were quite happy to monumentally fuck over Italy et al to save their economy and France's.