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DrCaneJr
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| Joined: 26 Dec 2011 |
| Total Posts: 4970 |
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| 20 Jan 2012 02:07 PM |
| In Europe, not the world. However congrats to the UK I guess. |
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Avogadro
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| Joined: 14 Nov 2010 |
| Total Posts: 4011 |
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| 20 Jan 2012 02:11 PM |
| http://www.dailymail.co.uk/news/article-2089198/UK-economy-forecast-set-outstrip-European-neighbours.html |
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Avogadro
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| Joined: 14 Nov 2010 |
| Total Posts: 4011 |
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| 20 Jan 2012 02:12 PM |
Vindication of conservative economics?
Yes. |
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Avogadro
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| Joined: 14 Nov 2010 |
| Total Posts: 4011 |
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| 20 Jan 2012 02:14 PM |
| It proves Tory economics works, and Labour economics doesn't. |
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| 20 Jan 2012 02:17 PM |
| Labour economics don't work. Because its communist. |
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Avogadro
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| Joined: 14 Nov 2010 |
| Total Posts: 4011 |
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| 20 Jan 2012 02:22 PM |
| you know whats not communist? /wwc |
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Yobobo10
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| Joined: 14 Oct 2009 |
| Total Posts: 3711 |
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| 20 Jan 2012 02:33 PM |
| Personally, I do not believe the tories have actually made any actions to make much headway in terms of economic reforms other than mass austerity. Generally, I believe this is due to the Pound doing better compared to the likes of the Euro as of late. |
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Avogadro
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| Joined: 14 Nov 2010 |
| Total Posts: 4011 |
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| 20 Jan 2012 04:03 PM |
other than mass austerity. ___ They have done economic reform- but less me defend mass austerity. It instills confidence in investors, because it's an assurance the government is serious about dealing with the debt. |
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Branch14
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| Joined: 10 Jun 2010 |
| Total Posts: 5383 |
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| 20 Jan 2012 04:21 PM |
UK GDP growth: 1.3%
US GDP growth: 2.9%
German GDP growth: 3.6%
And just because I can, Cuban GDP growth: 4.3%
Protip: Economic growth does not indicate overall economic health. |
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| 20 Jan 2012 05:04 PM |
| I'm trying to say that 0.6% GDP growth isn't something to celebrate about. |
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| 20 Jan 2012 05:04 PM |
I'm trying to say that 0.6% GDP growth isn't something to celebrate about. ------------------------------------------------------------------------------------- It is in Europe. |
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| 20 Jan 2012 05:08 PM |
>It is in Europe.
It certainly doesn't vindicate conservative economics. |
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| 20 Jan 2012 05:09 PM |
| Still, Europe is going in for a rough time, its still good, we were expected to go into recession last year. |
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DrCaneJr
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| Joined: 26 Dec 2011 |
| Total Posts: 4970 |
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| 20 Jan 2012 05:09 PM |
@GoodLuckJohnathan-
ht tp://ww w.worldsr ichestcoun tries.co m/
Wrong! |
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Avogadro
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| Joined: 14 Nov 2010 |
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| 20 Jan 2012 05:15 PM |
It does vindicate conservative economics. The UK has cut spending drastically, and as a result, their borrowing rates actually FELL, unlike the rest of Europe. This gives confidence to investors. You're right, .6 is not great, but for Europe it's good.
And just because I can, Cuban GDP growth: 4.3% ___ Protip: Cuba has been making free market reforms |
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| 20 Jan 2012 05:18 PM |
>Protip: Cuba has been making free market reforms
The 'free market' reforms have been centered around the creation of a service industry. Taxis, restaurants, pubs, etc. Production, on the other hand, has been taking a more cooperative approach. Workers now have more say in production than they once did, with agricultural production becoming more and more decentralized.
>It does vindicate conservative economics. The UK has cut spending drastically, and as a result, their borrowing rates actually FELL, unlike the rest of Europe. This gives confidence to investors. You're right, .6 is not great, but for Europe it's good.
For Europe, it's really not. The UK's economy has been consistently lagging behind those countries who denied the usefulness of austerity, such as the US, Germany and the Scandinavian countries. They've even fallen behind countries like Cuba, who are heavily dependent on central planning. |
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Avogadro
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| Joined: 14 Nov 2010 |
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| 20 Jan 2012 05:24 PM |
The 'free market' reforms have been centered around the creation of a service industry. Taxis, restaurants, pubs, etc. Production, on the other hand, has been taking a more cooperative approach. Workers now have more say in production than they once did, with agricultural production becoming more and more decentralized. ___ Uh no, it's more like Cuba legalizing the sale of private property, Cuban banks offering loans to private businesses, and Cuba allowing businessmen to set their own prices. All three of which they have done in the past year.
For Europe, it's really not. The UK's economy has been consistently lagging behind those countries who denied the usefulness of austerity, such as the US, Germany and the Scandinavian countries. They've even fallen behind countries like Cuba, who are heavily dependent on central planning. ___ And what happened in the US? Credit downgrade!
Germany doesn't need austerity.
The Scandinavian countries, blessed with abundant natural resources and low population, also don't need austerity.
They've even fallen behind countries like Cuba, who are heavily dependent on central planning. ___ Replied to above. |
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| 21 Jan 2012 11:53 AM |
>Uh no, it's more like Cuba legalizing the sale of private property, Cuban banks offering loans to private businesses, and Cuba allowing businessmen to set their own prices. All three of which they have done in the past year.
Which, again, have mostly affected the service industry.
And your use of the term private property here is dubious. They haven't legalized private ownership of the means of production, just the buying and selling of land for housing purposes.
>And what happened in the US? Credit downgrade!
The markets only cared about the downgrade for a day or two.
>Germany doesn't need austerity.
Germany's debt-to-gdp ratio is higher than France's. Guess which one has been pushing the austerity card lately. |
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