Discussion in 'Economics' started by wilburbear, Oct 12, 2008.
3rd to the last paragraph. I guess it's now necessary to promise that "the practice of capitalism" will be allowed to continue.
... but if any developing country now suffering from repatriation of funds and the volatility, plunging of their currencies - if they now accept large IMF loans - then they are totally fucked - again. The "central hands" in the world economy are not treating others lightly, so taxpayers may be forced into backbreaking taxation for decades if their leaders make new mistakes.
"Us government guys have got to make sure we have free markets".....
Markets maybe continuing free - but bias will seemingly continue to be a part of the world economy system. I was surprised at how critical the Japanese are at this turn of events. On Friday NHK will be airing a documentary about the global food crisis and the dangers of depending on the US for food supplies.
I found this to be a very good article.
It is sheepish to assume that their land's financial shepherds work without managers.
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