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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?


To: RMF who wrote (36769)9/3/2009 10:30:04 PM
From: Peter Dierks1 Recommendation  Read Replies (1) | Respond to of 71588
 
Democracy always seems to screw up good economics.


The link here is misatributed which I corrected at some later time. It covers the problem you desribe.

This problem is not unique to democracy.



To: RMF who wrote (36769)9/4/2009 6:04:16 AM
From: DuckTapeSunroof  Read Replies (1) | Respond to of 71588
 
Level of debt in the system, and the magnitude of the bad loans in the banking system (compared per-capita) are much worse in Great Britain then here... and VASTLY worse in Spain.

Japan (and to a lesser extent Germany and Italy and some others) are going to be screwed to the wall by their no-growth demographic profiles... and, as we've been discussing, Japan's national debt (measured against national product) ALREADY vastly exceeds even the worst projections for American sovereign debt....



To: RMF who wrote (36769)9/4/2009 2:41:41 PM
From: TimF  Read Replies (1) | Respond to of 71588
 
Usually about the time some countries methods for governance, financial systems, or typical business practices start to get promoted as the best in the world, their run at doing so much better than everyone else is starting to near its end.

Something similar happens with many companies doing worse after they start appearing on the covers of business magazines, with articles inside trumpeting their success. Even if the company does ok, all the attention has pushed up the price of the stock, and the massive growth from before becomes the expected norm which is hard to beat or even to continue.