How Screwed is the World Economy?
Aspiewordsmith
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This issue would mean that with more people being laid off, made redundant more people will need help such as social security benefits to live on until things get better but our (the British) Government want to make even that harder all the time.
If this recession does get to a depression we know what happened from history the aftermath of this was a Genocidal maniac in power in Germany and then World war 2. I hope that this one does not lead to world War 3 but just sorts itself out peacefully like the recession of the early 1980's anf the one in the early 1990's.
gina-ghettoprincess
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According to Consumer Reports, Toyota, Honda and Nissan are the best.
ruveyn
Yes, those too, but it is also common knowledge that German cars are good as well.
Germans make good cars, as does Toyota, but the hell can afford a German car at $30K in this economy?
I personally like Hyundai. The are a big bang for the buck. The are only car company that seems to give a scrap about their drivers beyond what dollars they can pick. I love my Hyundai. It is very reliable, affordable, easy to maintain, and gets great gas miliage. It isn't a perfect car, but for the money, you cannot beat the price.
Hyundai was also the only car company that turned a profit this last year. Imagine that, a car company that produces a car that is affordable and still doesn't go broke, the complete opposite of GM.
Relicanth7
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Yeah, maybe. Nobody seems to think it is going to over soon it seems. The US government just gave the FDIC 1/2 trillion to replace possible loses of people's accounts in banks. The FDIC insures accounts up to $250,000 in case the bank closes.
DentArthurDent
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ruveyn
Finally you are talking my language.
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The present system is in its death throes, the stimulus packages are a desperate attempt by the ruling elite to hang onto their positions. If the governments allow the major manufactures to go under the widespread destruction of living conditions will push the working class into open revolt.
This is going to happen anyway, Along with the financial and manufacturing sectors plundering the public purse, a wave of wage cuts and working conditions are being implemented with the assistance of the unions, Austerity measures are starting to be rolled out. Even if these companies survive (a probability close to zero) the demand that the working class pay for the excesses and mismanagement of the ruling elite will cause revolt.
Unfortunately we are facing the collapse of a system, and no one is going to have a pleasant ride. The last time this happened was in 1914 and we all went to war, again the great depression of the 30' ended in war.
The idea that depression and its possible outcomes are inevitable is fallacious. If the working class do nothing and just accept their fate then yes this will happen. If instead the working class (90% of the worlds population) take this opportunity to wrest control from the idiots that have got us into this mess, we can move forward under a system of government that is designed to benefit the majority of the population rather than subjugate, manipulate and exploit it.
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ruveyn
Finally you are talking my language.

The present system is in its death throes, the stimulus packages are a desperate attempt by the ruling elite to hang onto their positions. If the governments allow the major manufactures to go under the widespread destruction of living conditions will push the working class into open revolt.
This is going to happen anyway, Along with the financial and manufacturing sectors plundering the public purse, a wave of wage cuts and working conditions are being implemented with the assistance of the unions, Austerity measures are starting to be rolled out. Even if these companies survive (a probability close to zero) the demand that the working class pay for the excesses and mismanagement of the ruling elite will cause revolt.
Unfortunately we are facing the collapse of a system, and no one is going to have a pleasant ride. The last time this happened was in 1914 and we all went to war, again the great depression of the 30' ended in war.
The idea that depression and its possible outcomes are inevitable is fallacious. If the working class do nothing and just accept their fate then yes this will happen. If instead the working class (90% of the worlds population) take this opportunity to wrest control from the idiots that have got us into this mess, we can move forward under a system of government that is designed to benefit the majority of the population rather than subjugate, manipulate and exploit it.
I think if what are saying is true that the modern economic system is over, then we will have to undergo a massive economic restructuring and that will require a temporary recession/depression to transition. I think you are partially correct the government and economic structure of the USA and other parts of the world is about to change. But I do think it is inevitable that we will enter a recession/depression because the milk has already fallen of the table, we are just waiting for it to hit the floor, shatter, and create a giant mess for us to clean up.
...push the working class into open revolt.
...revolt.
...collapse of a system
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Yeah, I don't think we're going to see the proletariat rising up just yet.
I don't think the dictatorship of the proletariat is a good idea. You agreed with me in the other thread that majority of people are idiots, do you really want them running the government? Anyways, I wouldn't say our current system is designed to "subjugate, manipulate, and exploit" the majority as there simply isn't much on which to base such an accusation.
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WAR IS PEACE
FREEDOM IS SLAVERY
IGNORANCE IS STRENGTH
GM's problems have less to do with actual quality and more to do with a brand in tatters (mark my words, they could make the finest car on the market and no one would buy it), the collapse of the SUV market, and ridiculously inflated costs associated with auto workers who are the most overcompensated employees in the country (outside of the public sector of course). I mean, GM owes something like $20 billion just in pensions.
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* here for the nachos.
The Proles are swine. Give them something to f*ck and something to drink and they are happy.
ruveyn
Bread and circuses... today we will have instead universal health care and cable television. We have at least upgraded since the Roman times.
Edit: Until the proles become conscious they will never rebel, and until after they have rebelled they cannot become conscious.
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_________________
WAR IS PEACE
FREEDOM IS SLAVERY
IGNORANCE IS STRENGTH
The Proles are swine. Give them something to f*ck and something to drink and they are happy.
ruveyn
Bread and circuses... today we will have instead universal health care and cable television. We have at least upgraded since the Roman times.
Edit: Until the proles become conscious they will never rebel, and until after they have rebelled they cannot become conscious.
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I noticed that you did not disagree with my judgment of the Proles.
ruveyn
The idea of power is a seductive one, whether you are prole or bourgeois -- and this is the secret foundation and emotional driving force behind the idea of prole revolution (I want to take your power). Moreover, the proles are ignorant and would drive society into the ground faster than anyone else. Personally I prefer the rule of educated people elected after the fashion of a democratic republic.
Anyway, in the chaos resulting from a prole revolution, it's awfully easy for a bourgeois class to emerge from the ruins. All they have to do is say a few empty words about being a common man, and BAM they have reestablished bourgeois rule. It's simply the way of the human.
Hence, Animal Farm.
Stalin was first placed in national leadership because he was Georgian and the Bolsheviks wanted to do away with the old ways of only have Great Russians in positions of authority. The earliest example of affirmative action I'm aware of, and certainly the one with the most disastrous consequences.
_________________
WAR IS PEACE
FREEDOM IS SLAVERY
IGNORANCE IS STRENGTH
DentArthurDent
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...push the working class into open revolt.
...revolt.
...collapse of a system
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Yeah, I don't think we're going to see the proletariat rising up just yet.
You can laugh your ass off all you like, the truth is we have seen only a fraction of the social devastation that is coming. You think the proletariat are just going to sit by and watch their living conditions disintegrate. In the past the unions and leftist radicals have come to the aid of the ruling class much as the various auto-workers unions around the globe are attempting to do right now. This time around many workers are being openly hostile to the unions
[/quote]
No that is why I believe in the Dictatorship of the proletariat, they need good and strong leadership, of course this leadership must be prevented from becoming entrenched.
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Just one example
"Published on Friday, December 22, 2006 by OneWorld
Richest 2 Percent Own Half the World's Wealth
by Aaron Glantz
The richest 2 percent of adults in the world own more than half the world's wealth, according to a new study released by the Helsinki-based World Institute for Development Economics Research of the United Nations University.
The study's authors say their work is the most comprehensive study of personal wealth ever undertaken. They found the richest 1 percent of adults owned 40 percent of global assets in the year 2000, and that the richest 10 percent of adults accounted for 85 percent of the world's total.
In contrast, the assets of half of the world's adult population account for barely 1 percent of global wealth. "
I'll stick to my statement
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