Thursday, June 03, 2010

World Economy Collapse explained in 3 minutes



YouTube - World Economy Collapse explained in 3 minutes




6 comments:

Kevin Scheunemann said...

Is this an admission that European "progressive"/socialist policies have destroyed all those countries with a crushing public debt burden?

Is more social unrest, as we've seen in Greece, France, and Spain, just the beginning of the socialist economic disaster in Europe?

Mpeterson said...

It's worth mentioning that is was the US oligarchs who precipitated this mess. Why do you keep defending them? You want socialism for corporations and capitalism for everyone else. Why can't regular people expect a level playing field in the US?

Kevin Scheunemann said...

If we want to "talk level playing field", let's start with government unions!

Government unions are an untouchable oligarchy. Government workers are far more compensated than private sector workers when you include lavish pensions and health care benefits.

Look at what happened to Greece when leaders attempted to reign in the legalized mob...I mean... government union workers.

Social chaos.

Mpeterson said...

Hmm. maybe I'll help organize the faculty union for the UW Colleges so we can finally get pay equity with what faculty are paid in Alabama.

If you don't need the services Kevin, then just don't pay for them. If you do need to hire people for services, why don't you like the idea that they can negotiate for the sale of their labor and take what the market will bear?

A legalized mob in the US sold derivatives and walked away with billions in legal handouts. I suggest you start worrying about the US and start voting for Democrats.

Mpeterson said...

psyche.

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