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Re: The State Of The Union 2014, predictions
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So the answer (as currently proposed by Barry and the dems) is an even more archaic and never successful system like socialism/communism?

Posted on: 2014/1/28 10:15
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Re: The State Of The Union 2014, predictions
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Quote:

borisp wrote:
....
It will be all about income inequality and how capitalism doesn't work. Yes, folks, we tried capitalism and nothing worked, - we used to be a little colony, and we became the biggest economy in the world, at the same time accommodating millions of most impoverished refugees from all over the World, - but do not look at that! It didn't work, I tell you!



Granted, the US won the industrial revolution - though arguably not through pure capitalism. Resources, isolationism, world currency standard, and other tail-winds had their part to play.

But given the disruptive nature of the technology revolution, I'm not convinced an entirely free market system will work, without some social checks and balances. And it's not just income divergence and the death of the middle class. To me other red flags include: debt to China, individuals and corporations with more wealth and influence than most nations, the impending death of the dollar as the benchmark currency, ageing populations, increasing automation - meaning fewer job opportunities for the increasing world population.

How do we keep the promise of equal opportunity, when the world is moving to a 2-class system: the have-bots and the have-nots?

As with any disruptive change, you can't simply point to history and say this worked before, it'll work again. Capitalism may need a rethink for the 21st century.

Posted on: 2014/1/28 5:56
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Re: The State Of The Union 2014, predictions
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Man are you asking for it...points for balls though.

Posted on: 2014/1/28 4:10
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The State Of The Union 2014, predictions
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Anyone has any predictions?

Like, I predict that there will be no obamacare numbers. There will be something vague like "people who didn't have insurance can now get it", - without any mention of how many people lost it, how many people enrolled and so on.

For the last few months it is as if nobody knows how to extract this information from a computer database.

Don't expect any clear explanation on what kind of a deal is done with Iran, and why their description is so different from ours.

It will be all about income inequality and how capitalism doesn't work. Yes, folks, we tried capitalism and nothing worked, - we used to be a little colony, and we became the biggest economy in the world, at the same time accommodating millions of most impoverished refugees from all over the World, - but do not look at that! It didn't work, I tell you!


Posted on: 2014/1/28 3:52
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