Gitmo costs U.S. $2.7 million per prisoner- We can waste money on whatever we Want!

[the2real4mafol]

Kasz216 said:

the2real4mafol said:

How is China in recession? It's growing at 7% currently. It's still among the fastest growing economies. So what if it ain't growing at 10%+ per year, it's hard to maintain that sort of growth. And i wouldn't say Japan is safe yet, it's still early for abe and there debt is a huge problem. I don't know much about Brazil but i though India was doing ok along with most countries in South East Asia. 

And if our economies are fucked then so be it. Maybe, it's time to change the economic model and abandon neo-liberalism. The idea of limitless growth is crazy anyway. Growth has to stop somewhere due to a range of factors like population and amount of resources. 

A) China wasn't actually growing at 7%.  Current projections are 5% and overestimated by the rigged numbers

http://finance.townhall.com/columnists/politicalcalculations/2013/07/15/china-back-in-recession-us-economy-sluggish-n1640647

In general, the chinese economy is a regular sized man in an oversized coat.  With GDP numbers picked by the government to look good and regional data made up by the local polticians to get promotions.  The GDP number is more a propaganda tool then reality.

http://world.time.com/2013/08/05/how-a-beige-book-could-shed-light-on-chinas-shadow-economy/

 

B)   You'd have to use a neolieralism model before you could abandon it.  The current problems are do to a lack of such uses.

 

C)   Limitless growth isn't a crazy idea if you generally know how the economy works.   Not all economic value is tied to physical goods.   I'd expect that much to be obvious to somebody on a videogaming website.    Not to mention just innovation and optimization creates wealth.

There should and will be pullbacks, but there is no reason to expect that we will ever be in a very long term or permanent stop to growth....

unless governments fuck it up too badly

A. It actually wouldn't suprise me if the China's growth figures was fake despite the massive expansion their economy has seen over the past 30 years. They are building far more than is currently needed and as a result a load of "ghost towns" has spawned in China as there is a lack of demand for them. ~http://www.youtube.com/watch?v=pbDeS_mXMnM

At first it grows the economy but eventually damages the economy as this empty cities are like dead weight. But I'm not sure if this is better than allowing slums to build up. At least slums do something for a economy unlike a empty city. 

Another thing that puts their growth in doubt is the wide grip of corruption. A lot of the time it stops things from developing. 

B. If we ain't in a neo-liberal system now then what are we? The economy is no longer mixed like it used to be (at least in my country we used to have a mixed economy anyway)

C. I don't see how growth could be truly limitless, something will hold it back. Like the aging population will reduce demand probably. If we want to grow, we can't really grow materially much more because resources are starting to run out. Not like mass consumerism is a good thing anyway. Relying on a small elite of TNC's to create jobs most of the time isn't great . And also in certain government acts like Bailouts which i think do nothing good for the economy. Strong regulation or Unions to protect workers is necessary but i'm not sure if trying to save a failing business or bank is a good idea. It's like trying to keep the titanic afloat despite having a hole in it and something else will replace it in the end.