T Geithner wrote "the laws have become crappier day after day more and more worthless nonsense rules and regulations have been passed" The great Roman writer/historian Publius Tacitus wrote "In a state where corruption abounds, laws must be very numerous."
the reason the banking systems are bad is so they can put charges on. i worked at a bank. the banks want you to pay charges and purposely run the bank badly to create such scenarios. they are seriously evil.
I am sorry you are so incapable of reading english. I will make it more clear. Get off your lazy ass, do a simple-minded search using something like google and search on technological advances during the last 20 years, nitwit. Here, I will wipe the dribble off your face and help you get started with an example: Googling search terms: technological advances 2008: http://www.wired.com/gadgets/miscellaneous/news/2008/12/YE8_techbreaks Yes this is a multipage article. You need to go down and click on pages 2, 3, ... before you complain "See? Only 8 advances that year!" Technology advances are not the problem. Uneducated doofuses like you making stupid propositions because you are bored and are trying to stir up mindless debate is the problem. I will use a small advance called the ignore button before you can utter something else inane...
There's an upside to new tech wonders and a downside That sell-off last Thursday when the S&P 500 went down 100+ points was apparently due to new automated trading ! With new tech comes new problems too. If 1 system can do 1000s of trades a second it may take years to sort out
You are either a complete moron (with no understanding of how the "system" works) or you are just a troller...who I will put in my ignore list. The following is NOT open for debate: The communist/fascist/progressive/socialist left leaning (including "progressive" Republican) politicians who have made up the political element of the US for the last 100 years have been bent upon destroying America and western civilization. The part in your theory where you think lack of technological change in the west (and in particular the US) is not keeping up and causing the downfall of the US?!?!? Total bullsh!t...why? The evil politicians have FORCED the technology to be taken from the developed countries and GIVEN to the poor countries! Learn the fu(king facts!!! You want to debate this? Check out the following two links from the f'ing WTO treaty that binds the US and the western countries... http://www.wto.org/english/tratop_e/trips_e/techtransfer_e.htm LOOK AT THE 3rd PARAGRAPH!!! http://unfccc.int/cooperation_and_support/technology/items/1126.php The "transfer of tech" crap even infects the climate change hoax material! -gastropod
I generally hate arguing, it's pointless in so many ways, thus I will make this my last post on this thread it's pretty obvious from my starting post that I'm talking about technology that can give a country an edge over other countries, not gagdets and toys, more like the birth and growth of civil engineering, mechanical engineering, electrical engineering and finally software engineering that took place in the the previous centuries unlike what nitro believes, each system has it's own properties, thus even if created, maintaning an utopia on this planet is not possible hoping to see serious breakthroughts in science in the next few decades is just false hope, the reality is that the best that can happen in the next few decades is that no wars take place, but even that is not possible, right now such rapid and serious shifts in power are taking place that the governments of developed countries can't cope with it, they are trying very hard to act cool as if everything is going to be ok, but they themsevles are scared shitless, the system is not working, so many functions of it are paralyzed and the worst part is; there is no fix for it
My theory, which many will dispute, is that USA intentionally slowed down so our "allies" could keep up. We abandoned the Apollo program, which was something America only could do, to go for the International Space Station, and other joint efforts with our allies. At the same time, we allowed students and scientists from other countries to start crowding out Americans in technical fields. My feeling is we would have a base on the moon with thousands of inhabitants if we hadn't slowed down our technological advancement. And by advancement, I'm not talking about faster computer chips or better TVs and music players. I'm talking about great leaps forward.
Tell that to my former employer, DST Systems. They are the financial services industry back office, which you know nothing about. Yeah, must be, maybe that's why I presented it as a Freshman at Centre College. Pardon me, I have no interest in debating with someone ignorant of the reasons for America still being a quarter of the world's economy.
True, but this is not a technology problem, it is the advantage of last comer (if smart enough). Moreover it is a proof of stupid use of money developed countries are doing: inflating bubbles (like real estate) instead to use abundant capitals to invest in their future. Standard behaviour of aging people, IMHO (on the average, of course there exceptions).
geithner you miss very important points because you are trying to boil economics down to technology. Economics is psychology, and is therefore mostly about culture. Technology flows from culture because in order to be a high tech country you need very talented people developing the technology. Japan was flattened in WWII, but became the second largest economy. Their culture of dedication to such achievment enabled it. Haiti will NEVER be an advanced economy unless they discover oil there. They lack the culture to support it.