Capitalism > Catholicism?

[Ivytalk]

And be replaced by what, Adam Smith?

Look up the Green Party Platform, Gordon Gecko.

Flattery will get you nowhere, Petra Kelly.

[Baldy]

And be replaced by what, Adam Smith?

Look up the Green Party Platform, Gordon Gecko.

It's already been tried...it's called Greece.

[DSUrocks07]

Look up the Green Party Platform, Gordon Gecko.

It's already been tried...it's called Greece.

Pffft.

Haven't you heard, you just need more money for it to work, and if you dont have enough? Get more money. And if you still don't have enough? Get more money. And if you STILL don't have enough...well

[D1B]

Look up the Green Party Platform, Gordon Gecko.

It's already been tried...it's called Greece.

What a lummox. You never looked at the platform.

[SDHornet]

It's already been tried...it's called Greece.

Pffft.

Haven't you heard, you just need more money for it to work, and if you dont have enough? Get more money. And if you still don't have enough? Get more money. And if you STILL don't have enough...well

Is "get more money" the next step?

[AZGrizFan]

Pffft.

Haven't you heard, you just need more money for it to work, and if you dont have enough? Get more money. And if you still don't have enough? Get more money. And if you STILL don't have enough...well

Is "get more money" the next step?

Nothin' gets by you, does it?

[kalm]

That's a hysterically ignorant graph considering the role "capitalism" has played in Argentina's economic problems.

Do tell.

Starting with Julio Argentino Roca in 1880, ten consecutive federal governments emphasized liberal economic policies. The massive wave of European immigration they promoted—second only to the United States'—led to a near-reinvention of Argentine society and economy that by 1908 had placed the country as the seventh wealthiest developed nation in the world. Driven by this immigration wave and decreasing mortality, the Argentine population grew fivefold and the economy 15-fold: from 1870 to 1910 Argentina's wheat exports went from 100,000 to 2,500,000 t (110,000 to 2,760,000 short tons) per year, while frozen beef exports increased from 25,000 to 365,000 t (28,000 to 402,000 short tons) per year, placing Argentina as one of the world's top five exporters. Its railway mileage rose from 503 to 31,104 km (313 to 19,327 mi). Fostered by a new public, compulsory, free and secular education system, literacy skyrocketed from 22% to 65%, a level higher than most Latin American nations would reach even fifty years later. Furthermore, real GDP grew so fast that despite the huge immigration influx, per capita income between 1862 to 1920 went from 67% of developed country levels to 100%:

By 1865 Argentina was already one of the top 25 nations by per capita income.
By 1901 it had risen to 10th place—ahead of Germany, Austria and France.
By 1908 it had surpassed Denmark, Canada and The Netherlands to reach 7th place—behind Switzerland, New Zealand, Australia, the United States, the United Kingdom and Belgium. Argentina's per capita income was 70% higher than Italy's, 90% higher than Spain's, 180% higher than Japan's and 400% higher than Brazil's.

Since then? Look at the graph....me thinks they're doing it wrong.

The Argentine financial crisis of the late 90's early 2000's and their subsequent IMF supported austerity measures followed by a predictable vulture capital "bailout" (think Goldman Sachs and Greece) have been well publicized.

Like any crisis their were multiple causes...currency issues related to pegging the peso to the dollar, over-spending (note: I'm being fair here), and a massive privatization drive which increased unemployment while also increasing rates on utilities.

More recently, there was a US court case regarding Argentina's debt restructuring where the majority of their debtors were agreeing to taking a hair cut except the vulture capitalists like Peter Singer who wanted it all dammit.

It's very similar to Trump's line about his bankruptcies. Don't feel too sorry for the lenders, they made risky loans and in Argentina's case saddled a broken economy with even more debt in the hopes of pulling it out of.....debt.

[AZGrizFan]

Do tell.



Since then? Look at the graph....me thinks they're doing it wrong.

The Argentine financial crisis of the late 90's early 2000's and their subsequent IMF supported austerity measures followed by a predictable vulture capital "bailout" (think Goldman Sachs and Greece) have been well publicized.

Like any crisis their were multiple causes...currency issues related to pegging the peso to the dollar, over-spending (note: I'm being fair here), and a massive privatization drive which increased unemployment while also increasing rates on utilities.

More recently, there was a US court case regarding Argentina's debt restructuring where the majority of their debtors were agreeing to taking a hair cut except the vulture capitalists like Peter Singer who wanted it all dammit.

It's very similar to Trump's line about his bankruptcies. Don't feel too sorry for the lenders, they made risky loans and in Argentina's case saddled a broken economy with even more debt in the hopes of pulling it out of.....debt.

What does this have to do with lenders? Or are you just looking for any way to get a shot in?

[kalm]

The Argentine financial crisis of the late 90's early 2000's and their subsequent IMF supported austerity measures followed by a predictable vulture capital "bailout" (think Goldman Sachs and Greece) have been well publicized.

Like any crisis their were multiple causes...currency issues related to pegging the peso to the dollar, over-spending (note: I'm being fair here), and a massive privatization drive which increased unemployment while also increasing rates on utilities.

More recently, there was a US court case regarding Argentina's debt restructuring where the majority of their debtors were agreeing to taking a hair cut except the vulture capitalists like Peter Singer who wanted it all dammit.

It's very similar to Trump's line about his bankruptcies. Don't feel too sorry for the lenders, they made risky loans and in Argentina's case saddled a broken economy with even more debt in the hopes of pulling it out of.....debt.

What does this have to do with lenders? Or are you just looking for any way to get a shot in?

Huh?

And no, I like CU's.

[Jjoey52]

IMO the pope should be more concerned about the potential heat upon death rather than heat from potential climate change