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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: THE ANT who wrote (64469)	6/28/2010 2:51:08 AM
From: elmatador	Read Replies (1) \| Respond to of 219856

time for us to look into what this thing is going to transforms itself. There is going to be a lot of consequences we need to observe because they surely will hit as a result of the change on the status quo: Taxes up = consumption down = no ‘export your way out of poverty’ State coffers empty = less state spending = cut on subsidies to uncompetitive sectors As The Great Unwinding eats through 50 years of capital hogging, G-7 consensus it will touch the whole fabric of the construction put in place post WW II. Labor, (workers, not parties) will lose out. Capital is getting the upper hand. Look at it as it was the 40s. Note that capital got the lower hand in the post WW II consensus. Countries put up Social Democracies and protected labor –in detriment of capital- to avoid working classes look to USSR as the paradise of the workmen. (those years when ideologies were alive are long gone.) Labor – western labor- now will face full blown competition of the Asians, they cannot be no longer coddled. The danger is that there is in very country a generation who still thinks the entitlement of their parents will be extended to them. Therein lies the danger, for government need to defuse this and tell them there is new social contract they have to sign in It is going to take a few decades for reality set in.