chirodoc, your comments seem almost completely ideologically based.
After careful reading of the articles posted on this thread, can you honestly state that Brazil, for example, is 100% responsible for their current predicament?
To develop, you must take on loans (e.g., the debt of Internet companies such as amazon.com which is "okay" debt). The US/Europe/Japan have been happy to loan money to Brazil and make obscene profits on such loans. Yes, Brazil has a large deficit. But, as I wrote, isn't it beyond hypocritical for the US to bitch about deficits and cutting Social Security payments when we have failed so miserably until recently?
Your comments
...the countries that are sucking big time either have not deregulated sufficiently (japan), have huge amounts of debt or deficits (indonesia, russia, malaysia, brazil, venezueala, etc.)or are still quite centralized and full of crony capitalism (russia, indonesia)
....the problem is debt and mismanagement
.....if you can't live within your means is that the system's problem? |
