Formerly About Advanced Micro Devices Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Elroy who wrote (319869)	1/10/2007 2:08:05 PM
From: tejek	Read Replies (1) of 1573435

Brazil has its own form of socialism and is also doing very well economically. Funny you should bring up Brazil. The inequality of wealth distribution in Brazil is much worse than in the US. Is Brazilian democracy about to collapse? Yes, it is. That's why a socialist from Sao Paulo was elected. He is implementing reforms but its unclear if he is going fast enough. The positive for him is that Brazil's economy is getting stronger and its likely that more people are participating in its benefits. Brazil has had a history of experimenting with democracy.......one which has led to the people rebelling and then the right, through the country's military, stepping in and doing a coup d'etat. If not, I guess the US has nothing to worry about regarding the unequal distribution of wealth and corresponding threat to democracy, wouldn't you say? I wouldn't say that at all. S. American countries traditionally have had a strong but small upper class where much of the wealth and power is concentrated. Corruption has been rampant at the expense of the lower classes. Consequently, S. America has had a very checkered history of democracy. In addition, the upper classes tend to be Europeans while the lower classes are Amerindian......so there is a racist element underlying all of this. More often than not, a concentration of wealth and power in the upper classes tends to lead to revolt in the lower classes. The US has avoided the problem by self correcting and making sure that the nation's largesse does not sit only with the upper classes. However, a trend started about 25 years ago where more and more wealth....assets and resources......were becoming more concentrated in the hands of fewer and fewer people. I think a manifestation of that trend was the feeding frenzy at the federal trough that whent on for the past six years. Congressmen were oblivious to any kind of oversight and felt they could do whatever they wanted, including raiding the US Treasury. I think another sign of that trend is the huge salaries commanded by upper mgmt these days......ditto with sports figures. I think the prevailing attitude is much like the one Tim Fowler expressed the other day: so long as the wages of the poorest in the country are growing why do they have any right to complain. That's BS.......and its that kind of thinking that leads to revolutions, both the violent and the non violent kind.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next