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Topics - Emperor_of_Algol
« on: February 08, 2012, 08:08:24 PM »
According to former Malaysian Prime Minister Mahathir Mohamad, the message is simple but devastating: Europe must face up to the new economic reality.snip
"Europe... has lost a lot of money and therefore you must be poor now relative to the past," he reasons in an interview with BBC World Service's Business Daily.
"And in Asia we live within our means. So when we are poor, we live as poor people. I think that is a lesson that Europe can learn from Asia."
"You refuse to acknowledge you have lost money and therefore you are poor," he says.snip snip
"And you can't remedy that by printing money. Money is not something you just print. It must be backed by something, either good economy or gold."
In particular, he believes Europe and the West must begin the long slow process of restructuring their economies to reduce their dependence on the financial sector.
"I think you should go back to doing what I call real business - producing goods, providing services, trading - not just moving figures in bank books, which is what you are doing."
I think he actually makes a lot of good points here. Of course, what he says is also valid for some economies in Asia (not just Japan), especially given current trends, but I don't think it can be emphasized enough how broken an economic system which relies on false value is. And this seems to be a distinctly Western phenomenon. Also:
"I think you have paid your workers far too much money for much less work," he says.
"So you cannot expect to live at this level of wealth when you are not producing anything that is marketable."
Sage advice, indeed.
No one is going to ask about the sodomy jokes or any of the memes hidden in the website code? Lame, lame, LAME!
I couldn't find any sodomy jokes:-(
I feel like the tard who got left behind (see what I did there?).
I do actually have a question for ANUS staff: ever think of starting up the bbs anus boards again? True, wouldn't be much different from what these threads are, but it could provide for more structured discussion about philosophy/politics/whatever instead of just a 'Chasm' on the metal forums.