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Originally Posted by Sarn
USA risked with debt - no one argues with this.but when huge risk then more profit can be, or not can be. Crisis - it is structure problem, in EU "planned" economy with production quotas by the countries, it gives less growth and less risk.
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there is nothing like a production quota in the EU. that would never make sense because the market is what makes the quota of a product or service.
the growth of the EU economy is btw now MUCH faster ast the US. The US economy was pushed by HUGE debts what can never be paid back.
the european economy took a bit longer to recover but in many european countries the debt clocks are already going backward and debts getting lower.
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Capitalist Cycle. the continually repeating movement of capitalist production from one economic crisis to another. It includes the phases of crisis, depression, revival, and boom. In the development of each phase, the conditions are created for the transition to the next phase of the cycle.
https://encyclopedia2.thefreediction...pitalist+Cycle
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for me there is too much marx in it.
the communist countries are proved that they can not work because more effort there does not lead to more prosperity. that makes people lazy.
on the other hand a 100% free market with no control can also not work because the individual person there has just a value as consumer and not as human.
as in many issues the truth is somewhere in between - but there will be never a perfect system.
the conditions what are actually leading to the next crisis are are the result of missing rules. people missunderstand that 100% freedom for everyone will lead to the fact that just the strongest, the most unscrupulous, the most corrupt and most rich can survive.
and this will destroy any kind society because you should never kill the cow you milk.