These forums have been archived and are now read-only.

The new forums are live and can be found at https://forums.eveonline.com/

Out of Pod Experience

 
  • Topic is locked indefinitely.
 

Detroit filling for bankrupsy

Author
Grimpak
Aliastra
Gallente Federation
#61 - 2013-07-21 04:51:14 UTC
Tumahub wrote:
Grimpak wrote:
doesn't matter, since everything will be made in china.


I find it hard to imagine a global currency crisis wont' see a lot of import/export businesses temporarily shut down. Especially given that many (most?) of them aren't even classical comparative advantage situations, just politically generated demand slopes of fiat exchange rate.

true, but don't forget that there's like a fuckton of stockpile of China-made products outside of China.

[img]http://eve-files.com/sig/grimpak[/img]

[quote]The more I know about humans, the more I love animals.[/quote] ain't that right

mr ed thehouseofed
Pator Tech School
Minmatar Republic
#62 - 2013-07-21 05:45:51 UTC
can i have detroits stuff ?

i want a eve pinball machine...  confirming  CCP Cognac is best cognac

Noriko Satomi
Center for Advanced Studies
Gallente Federation
#63 - 2013-07-21 07:40:44 UTC
I grew up perched one block North of 8-mile road. For the last 10 years, I commuted to work Downtown, just a few minutes walk from the river front and the Ren-Cen. My mother was a school teacher at a high school in the shadow of the incinerator Downtown. I've watched Detroit die, and I had to leave it.

The race hustlers promise to make the evil white suburbanites pay like they ought to, because it's all their fault. They get elected time and again to city council. They line their pockets from no-bid contracts. The school administrators use DPS funds to buy swimming pools and new cars, and the moldy classrooms go without air conditioning or sufficient chairs in some cases.

Education should be the silver bullet. It should help the children restore the city, starting with their own lives. But most of them would tell my mother, "I don't have to listen to you, I'm not gonna use any of this stuff anyway. I already have a way out. I'm gonna sell drugs and make more money in a week than you make all year."

Education could be the silver bullet, but it depends on whose in charge of the schools, and whether the parents give a damn.

We can teach the kids that they're all victims... or... we can teach them that they're inheritors of a system designed to preserve freedom and opportunity.

We can teach them that it doesn't matter what they do because they live in an evil land intent on holding them back... or... we can teach them that they can make a way forward for themselves that doesn't end in violence and death.

Of the two options, we constantly deal them the left-hand side of that dichotomy. So those city politicians get a captive voting block, that listens only to what they say and never examines what they do because they are so busy living with rampant violence and crime. The politicians are quick to tickle their ears saying "it's someone else's fault, it's those rich people, they took all the pie." The lie reverberates everywhere.

But economics is not a zero-sum game. One person becoming rich does not make another poor. At least when the parties involved are buyer and seller. When a politician becomes rich through corruption, they make everyone poorer. They dam the river upstream from the mill and everyone is left wondering why there is so little bread.

Sorry for the rant. I loved Detroit, and I hope it comes back. But hope is not a strategy.
Tumahub
Sebiestor Tribe
Minmatar Republic
#64 - 2013-07-21 17:30:31 UTC
Noriko Satomi wrote:
I grew up perched one block North of 8-mile road. For the last 10 years, I commuted to work Downtown, just a few minutes walk from the river front and the Ren-Cen. My mother was a school teacher at a high school in the shadow of the incinerator Downtown. I've watched Detroit die, and I had to leave it.

The race hustlers promise to make the evil white suburbanites pay like they ought to, because it's all their fault. They get elected time and again to city council. They line their pockets from no-bid contracts. The school administrators use DPS funds to buy swimming pools and new cars, and the moldy classrooms go without air conditioning or sufficient chairs in some cases.

Damned right. The government pimps raised taxes til nobody playing above-board could afford to stay.

Noriko Satomi wrote:

Education should be the silver bullet. It should help the children restore the city, starting with their own lives. But most of them would tell my mother, "I don't have to listen to you, I'm not gonna use any of this stuff anyway. I already have a way out. I'm gonna sell drugs and make more money in a week than you make all year."

Education could be the silver bullet, but it depends on whose in charge of the schools, and whether the parents give a damn.

We can teach the kids that they're all victims... or... we can teach them that they're inheritors of a system designed to preserve freedom and opportunity.

We can teach them that it doesn't matter what they do because they live in an evil land intent on holding them back... or... we can teach them that they can make a way forward for themselves that doesn't end in violence and death.

Sadly no. Public education is just another part of what did this. Collectivism, sock it to the rich, the failure of free exchange, the necessity of authoritarian power are all taught daily.

The only people who can put children on the right track are parents and if the parents are all government parasites themselves, the chances they're going to improve their kids lot in life is slim.

Noriko Satomi wrote:

Of the two options, we constantly deal them the left-hand side of that dichotomy. So those city politicians get a captive voting block, that listens only to what they say and never examines what they do because they are so busy living with rampant violence and crime. The politicians are quick to tickle their ears saying "it's someone else's fault, it's those rich people, they took all the pie." The lie reverberates everywhere.

But economics is not a zero-sum game. One person becoming rich does not make another poor. At least when the parties involved are buyer and seller. When a politician becomes rich through corruption, they make everyone poorer. They dam the river upstream from the mill and everyone is left wondering why there is so little bread.

Sorry for the rant. I loved Detroit, and I hope it comes back. But hope is not a strategy.

Yeah, like I said the public system has made an economically ******** population. They will always use the political clout of racial and class tension to steal rather than produce themselves. Such is why I say a failed local government is actually the best possible scenario. The more disarray in the local parasites, the more likely we healthy producers can fly under their radar.
Kitty Bear
Deep Core Mining Inc.
Caldari State
#65 - 2013-07-22 19:08:38 UTC
Adunh Slavy wrote:
Kitty Bear wrote:

amazon & starbucks have been underpaying their tax bill for years, using clever accounting to give the impression that their uk based operations run at a loss ....
F.O.
if they really ran at a loss, they'd pull the plug and go where profits are made, but no, they still operate here, so the operation must be profitable

our mp's do nothing. not that they received an undeclared starbuck or amazon funded 'gift' of course
sadly we're catching you up
at least your allowed to legally own a firearm, our mp's feel so much safer here, because we can't.



Why shouldn't corporations do what they can to minimize what they pay in taxes? Do you pay as much or as little as you possibly can? Do you pay more if you don't have to pay more?

And of course the politicians are corrupted by the money. Power has value, so of course it is going to attract money. Why is any one surprised by these things? Do people suddenly become angels when they enter government? Quite the opposite is true.

Government is about power, corporations are about profit. I'd rather deal with starbucks, wherein my interactions with them are voluntary rather than government where they will stick a gun in my face if I do not comply with their involuntary demands.

If you want money and corruption out of government, then you have to remove power from government. If there is no power there, then there will be far less incentive for the money to influence that power.


The power lies in the hands of the majority
the majority that vote those politicians into a position of responsibility

only it's not anymore
the politicians have usurped our authority over them

tbh,
I don't care how many secretaries and/or interns an mp porks behind his wifes back
I do care that the internal laws that have been passed have stripped me of my authority over them
I do care that they are largely un-accountable for their actions
yes, there have been a few sacrificial lambs over the expenses scandal, but they are still allowed to gorge from the trough

getting them removed from office as a civilian is damn near impossible
they have shown themselves to be incapable of self regulation time & time again, and we have no means to enforce regulation over them


every government system in history has risen and then fallen
the corporate conglomerate & financial market backed system we have currently will fall, it's inevitable and its got such a long way to go down.
Tumahub
Sebiestor Tribe
Minmatar Republic
#66 - 2013-07-23 00:29:29 UTC
Kitty Bear wrote:

every government system in history has risen and then fallen
the corporate conglomerate & financial market backed system we have currently will fall, it's inevitable and its got such a long way to go down.


And hopefully people realize that "democracy," what got us to this point. The will of the majority is easily tamed. State monopolies on currency and judicial process didn't come up over-night. They're hammered into the public by force of political will, namely convincing everyone that they need the safety of state dominion.

So even if the bankers were all jailed and the CEOs all fired/jailed, people will still need to learn to govern themselves. Not as lemmings in a socially-defunct representative system, but as sovereign individuals. Given the sycophantic furor over the birth of another figurehead monarch (I mean really, how is that news in the US?) I would agree that day is a long ways off.


Slade Trillgon
Brutor Force Federated
#67 - 2013-07-23 11:11:23 UTC  |  Edited by: Slade Trillgon
Tumahub wrote:
Sadly no. Public education is just another part of what did this. Collectivism, sock it to the rich, the failure of free exchange, the necessity of authoritarian power are all taught daily.

The only people who can put children on the right track are parents and if the parents are all government parasites themselves, the chances they're going to improve their kids lot in life is slim.


I just want to point out that she did not say public education. Education is the answer not matter which way you cut it.

I agree that State controlled education is broken.

If we do not educate our offspring people will be slave to whoever captures their 'minds'.


Also, I do not currently have the gumption to look up the success stories that are occurring in Detroit that you are speaking of as I am a firm believer that good news is harder to find than bad news as the powers that be love to perpetuate the doomsayers and bury us in negativism. So I ask for you to link a few of the stories of the success you speak of. I do not doubt you at all and I am a firm believer that things would be better if 'things' were run on the thing called personal responsibility. I am not one who has given up, I am just usually too busy educating people on personal responsibility and trying to get them to shake the we are victims hat, but that is my job and it is more than a full time one Ugh

EDIT: What makes things worse is that with so much information at our finger tips, so much more accessible then anytime in the past, there is less reading occurring than ever before.

For Example Project Gutenberg
Something Random
Center for Advanced Studies
Gallente Federation
#68 - 2013-07-24 22:56:12 UTC
I hate you slade...

i think


Sorry im trying to be personal but not succeeding

"caught on fire a little bit, just a little."

"Delinquents, check, weirdos, check, hippies, check, pillheads, check, freaks, check, potheads, check .....gangs all here!"

I love Science, it gives me a Hadron.

Slade Trillgon
Brutor Force Federated
#69 - 2013-07-24 23:22:38 UTC
Something Random wrote:
I hate you slade...

i think


Sorry im trying to be personal but not succeeding


Shocked

That has to be one of the oddest posts I have ever had directed towards me.

Care to elaborate?
Tumahub
Sebiestor Tribe
Minmatar Republic
#70 - 2013-07-25 00:48:57 UTC
Slade Trillgon wrote:

I just want to point out that she did not say public education. Education is the answer not matter which way you cut it.

I agree that State controlled education is broken.


I think we agree. The problem is the public education system is effectively destroying education in general.

Slade Trillgon wrote:

Also, I do not currently have the gumption to look up the success stories that are occurring in Detroit that you are speaking of as I am a firm believer that good news is harder to find than bad news as the powers that be love to perpetuate the doomsayers and bury us in negativism. So I ask for you to link a few of the stories of the success you speak of. I do not doubt you at all and I am a firm believer that things would be better if 'things' were run on the thing called personal responsibility. I am not one who has given up, I am just usually too busy educating people on personal responsibility and trying to get them to shake the we are victims hat, but that is my job and it is more than a full time one Ugh


Personal responsibility is king, so good for you. As for Detroit, we've got a lot of bloggers. I don't follow many of them, but Detroit, Rust to Riches is a good one. You'll find that most of our local successes aren't widely (if ever) publicized so you tend to have to browse the blogs and youtube to get the skinny if you don't know anyone locally. This was an interview with one of the sucessful security groups who have taken back the streets from the thug epidemic (which was ongoing before the police actually gave up and stopped patrolling).
Slade Trillgon
Brutor Force Federated
#71 - 2013-07-25 11:31:15 UTC
Tumahub wrote:
You'll find that most of our local successes aren't widely (if ever) publicized so you tend to have to browse the blogs and youtube to get the skinny if you don't know anyone locally.


As I figured it would be and why I asked Big smile

Thank you for the links.
Tumahub
Sebiestor Tribe
Minmatar Republic
#72 - 2013-07-25 22:37:03 UTC  |  Edited by: Tumahub
Another interesting blogpost on the private success stories in Detroit.

From another blogger:

Quote:
The TMC and the DBC are just two of the larger, more visible examples of the market and voluntary human cooperation reigning in Detroit. "Food rebels," running local community gardens, are an alternative to Big Agriculture and government-subsidized factory farms. Private parking garages are popping up. Detroit residents are using Lockean homesteading principles to repurpose land amongst the rubble of the Fed-induced housing bubble. Community events like Biergartens and large, civic dining gatherings (with no permits or licenses!) are being organized privately. Even Detroit's artists are beginning to reflect this anarchic, peaceful movement in their artwork.


Quote:
It blows my mind that people see services offered by businesses to make a profit (read: a living) as greed and services offered by government by forcefully extracting private capital (read: taxation) as noble.
Grimpak
Aliastra
Gallente Federation
#73 - 2013-07-25 22:57:02 UTC
Tumahub wrote:
Quote:
It blows my mind that people see services offered by businesses to make a profit (read: a living) as greed and services offered by government by forcefully extracting private capital (read: taxation) as noble.


issue here is that people have a hard time wrapping their heads around the fact that "amoral" is not "immoral"

business-for-profit is amoral. it's not the process that is bad, it's most likely the practices that sometimes emerge from it. as long as it's "inside" the law, any business isn't doing anything wrong. that's what business is for: profit generation.

"immoral" is, however, when you run a business built on corruption and less-than-healthy practices.

government-offered services aren't wrong either per se. the issue here lies on mankind's condition: if you give wide and free (or little more than free) access to services, people accommodate and take them for granted. in time this will pretty much snowball, because if it's easily accessible, why not use it? you hire more people to make ends meet, and so you need more tax revenue to keep the new numbers. because it's a stable and relatively high pay job, your employees start to put people they know inside the machine and your working mass quality levels drop due to a less-than-optimal hiring system., system starts to spiral down on the service quality and it becomes a lumbering mass of rust that needs to either be retired or thrown away.

[img]http://eve-files.com/sig/grimpak[/img]

[quote]The more I know about humans, the more I love animals.[/quote] ain't that right

jason hill
Red vs Blue Flight Academy
#74 - 2013-07-26 12:07:04 UTC
reading this post reminds of back in the 90`s when the housing market crashed here in the Uk ... people actually started bartering for goods and services between them selves ....it was only a very small movement at the time but it got enough attention that it was reported in the press .The uk government got so concerned about the potential for lost tax revenue due to people bartering that they threw all their toys out of the pram and started shouting about the penalties of tax evasion ...


what I find curious is that this current economic malaise has been the worst in living memory ...yet no one has even mentioned bartering for goods and services ...and I have heard no rumours of people taking it up .


just an observation
Tumahub
Sebiestor Tribe
Minmatar Republic
#75 - 2013-07-26 15:15:50 UTC
Grimpak wrote:

business-for-profit is amoral. it's not the process that is bad, it's most likely the practices that sometimes emerge from it. as long as it's "inside" the law, any business isn't doing anything wrong. that's what business is for: profit generation.

Profit is the value earned in excess of that expended to produce another good or service. It is nothing more than an indicator that natural competition should come and compete for the difference themselves. The natural state of a free market competes profits to very low levels. The reason profit has a bad name is because it's attached to firms with state privilege who can protect high profit margins by artificial barriers to entry, favorable tax rates, or just plain mandated monopoly.

Grimpak wrote:

"immoral" is, however, when you run a business built on corruption and less-than-healthy practices.

Define less-than-healthy. A firm selling a good or service which isn't a state protected entity has to please their consumers and abide by all laws and contracts governing their conduct. They are also libel for the damages they cause. This is frequently distorted by the state incorporation system, but if you look at a sole proprietorship or partnership today it's very similar to what all business would be in the absence of state coercion.

Grimpak wrote:

government-offered services aren't wrong either per se. the issue here lies on mankind's condition:

I would argue there is both a deontological and consequential basis for disproving that. Firstly, theft and kidnapping are immoral and second, the needs of mankind are best met by voluntary interaction which both minimizes conflict and generates far more wealth for everyone involved.

Grimpak wrote:

if you give wide and free (or little more than free) access to services, people accommodate and take them for granted.

Another reason why public services are consequentially worse than private services.

Grimpak wrote:

in time this will pretty much snowball, because if it's easily accessible, why not use it? you hire more people to make ends meet, and so you need more tax revenue to keep the new numbers. because it's a stable and relatively high pay job, your employees start to put people they know inside the machine and your working mass quality levels drop due to a less-than-optimal hiring system., system starts to spiral down on the service quality and it becomes a lumbering mass of rust that needs to either be retired or thrown away.

The decline of Detroit can be followed roughly along those lines. The state provides a service which has to be paid for (tax) whether or not it is efficient and the cost of those services always rises as quality falls (when a public utility is under budget, their budget is cut, so they have an incentive to keep spending high and productivity low). Because state jobs are stable and require no increased productivity over time they are highly desired. More people move to the public sector (Detroit had one of the largest per capita) and the net tax-recipients quickly out-strip the net tax-payers.

As the system "spiraled down" (good choice of words) the demands of those public sector workers increased as the tax burden needed to fund the machine necessarily went up to pay their own wages. Thus you have imminent collapse.

The state in-general functions on this same paradigm. The economy is rapidly pushed into the inefficient public sector because the parasite needs to grow. This growth in state influence, regulatory burdens, and prowess of office generates even more of a burden on the few who remain outside in the private marketplace trying to earn enough to pay off these people who are providing ever-decreasing value in their public services.

It therefor follows that having anything but a bare minimum state apparatus is completely suicidal economically, and in practice the necessary growth of public sector influence condemns the entity entirely. So if we are to conjecture on the condition of mankind, I would say that very condition precludes any argument for the state and its coercive power being a net benefit to anyone but the political establishment.
Krixtal Icefluxor
INLAND EMPIRE Galactic
#76 - 2013-07-26 16:08:23 UTC
If this is the level of discussion about Detroit on a gaming forum, I can just imagine how disastrous the talks are going amongst the leaders of Detroit itself.

No wonder it's tanking, and fast.

"He has mounted his hind-legs, and blown crass vapidities through the bowel of his neck."  - Ambrose Bierce on Oscar Wilde's Lecture in San Francisco 1882

Grimpak
Aliastra
Gallente Federation
#77 - 2013-07-26 16:39:48 UTC
Tumahub wrote:
Grimpak wrote:

"immoral" is, however, when you run a business built on corruption and less-than-healthy practices.

Define less-than-healthy.


anti-consumer, monopolized and/or, yes, usually state-protected business that provides benefits only for the ones inside the machine, or unscrupulous practices, or engaging in corruption to get ahead.

healthy business practices, in my view, is when you have several companies competing in the same sector and thriving by being able to provide quality products at a sane price. However, it must be said that usually you end up with a very small number of companies, having all the others either absorbed or going out of business.

Tumahub wrote:
Grimpak wrote:

government-offered services aren't wrong either per se. the issue here lies on mankind's condition:

I would argue there is both a deontological and consequential basis for disproving that. Firstly, theft and kidnapping are immoral and second, the needs of mankind are best met by voluntary interaction which both minimizes conflict and generates far more wealth for everyone involved.

granted voluntary interaction is the best bet, but mankind is conflictual by nature. that's why communism doesn't work, at the very least at medium to large scale, because even if it has the best intentions in trying to develop a community, truth is, there will always be some slackers, or people that take advantage, and the rest of the population follows suit.
hell there's a theory that in a ant's hive, 10 to 15% job of the population is to be a slacker for the rest of the hive.

summing up: you need freedom to evolve mankind, but to keep it productive, you need authoritarianism, lest it kills itself in a ball of fire.

[img]http://eve-files.com/sig/grimpak[/img]

[quote]The more I know about humans, the more I love animals.[/quote] ain't that right

Tumahub
Sebiestor Tribe
Minmatar Republic
#78 - 2013-07-26 16:59:27 UTC  |  Edited by: Tumahub
Grimpak wrote:

anti-consumer, monopolized and/or, yes, usually state-protected business

I would argue that anti-consumer and monopoly are only possible with the aid of state protection. How else can you **** off your customers, keep them coming back, and prevent competition from courting those angry customers? Any company that wanted to sustain that without legal mandate would need limitless cash reserves and those just aren't possible without having your own treasury.

Grimpak wrote:

healthy business practices, in my view, is when you have several companies competing in the same sector and thriving by being able to provide quality products at a sane price.

And I would suggest that is in-fact the natural state of things when you have voluntary buyers and sellers seeking to sell the most and buy at the best price, respectively.

Grimpak wrote:

granted voluntary interaction is the best bet, but mankind is conflictual by nature. that's why communism doesn't work

I'm actually quite glad you bring that up because in-essence the state represents the communist end of the market spectrum. For the same reason a total command state fails, a partial-command state (as we discussed before, always growing due to the need to take in more and more revenue to produce less and less efficiently) eventually fails as well.

If indeed the nature of mankind is predominated by conflict over scarce resources, then we ought to have voluntary exchange of those resources rather that obligatory state violence as the final arbiter of any such dispute.

Grimpak wrote:

truth is, there will always be some slackers, or people that take advantage, and the rest of the population follows suit.

The amusing thing is, without onerous burden of taxation, people would be able to slack much more if they wanted to. When you consider not just the confiscated amount, but also the pile-on effects of state inefficiency, there's a massive amount of value in the world economy that's being sucked into a black hole. Not for the traditionally named "slackers," ie. the unemployed, but for the political elite who are nominally "productive," (a gross misuse of that word if there ever was one) at the state level.

Grimpak wrote:

summing up: you need freedom to evolve mankind, but to keep it productive, you need authoritarianism, lest it kills itself in a ball of fire.

Well that's close. I would have to say, based on the evidence we have, that freedom is not just necessary, but the mother of productivity as well. Nobody who thinks they're never going to get a promotion or a raise is going to work harder over time. Nobody who can't pursue their passion is going to be as good at their job as someone who can. So not only is authoritarianism counter-productive, it is the very engine of immolation that you described.
Tumahub
Sebiestor Tribe
Minmatar Republic
#79 - 2013-07-26 17:04:19 UTC  |  Edited by: Tumahub
Krixtal Icefluxor wrote:
If this is the level of discussion about Detroit on a gaming forum, I can just imagine how disastrous the talks are going amongst the leaders of Detroit itself.

No wonder it's tanking, and fast.


That's a pretty bold statement from someone who has contributed nothing to the discussion.


On Topic: The Empire Strikes Back!
Grimpak
Aliastra
Gallente Federation
#80 - 2013-07-26 18:36:55 UTC
Tumahub wrote:
Grimpak wrote:

summing up: you need freedom to evolve mankind, but to keep it productive, you need authoritarianism, lest it kills itself in a ball of fire.

Well that's close. I would have to say, based on the evidence we have, that freedom is not just necessary, but the mother of productivity as well. Nobody who thinks they're never going to get a promotion or a raise is going to work harder over time. Nobody who can't pursue their passion is going to be as good at their job as someone who can. So not only is authoritarianism counter-productive, it is the very engine of immolation that you described.

hmm... productive in terms of flushing out the filth that accumulated. As I posted before in this thread; from history, you learn that any kind of dictatorship usually works relatively well in the first years. since most of these regimes stem up from an extended period economical crisis, and providing a relatively stable base, they usually manage to, at the very least, stabilize the economy and manage to put everybody at work. poverty levels don't drop much, but there is at least an equity in basic resource distribution. In case of my country (Portugal), before the Carnation revolution and thanks to a repressive, but economically successful policy, we managed to stockpile a huge amount of gold, also thanks to, if rumours are true, a "generous gift" from the Nazi Germany back from WWII.

Most of this gold was spent in the dawn years of democracy after the revolution, thanks to an effort of raising the country's standard to Europe's level, something we still haven't managed by today, thanks to the corruption that had an easy way to worm up in the beginning or certain interests that were installed before.

Tumahub wrote:
Grimpak wrote:

granted voluntary interaction is the best bet, but mankind is conflictual by nature. that's why communism doesn't work

I'm actually quite glad you bring that up because in-essence the state represents the communist end of the market spectrum. For the same reason a total command state fails, a partial-command state (as we discussed before, always growing due to the need to take in more and more revenue to produce less and less efficiently) eventually fails as well.

If indeed the nature of mankind is predominated by conflict over scarce resources, then we ought to have voluntary exchange of those resources rather that obligatory state violence as the final arbiter of any such dispute.

Mankind is easy to use violence in securing resources and, if not violence, subterfuge and deception. History taught us that, and from what I've seen as an example from this side of the world, if there's something else that History taught us is, we don't learn from the past.



In many ways the 2008 crisis, from where all these issues started from, was a wake up call. It had many similarities with the 1929 Crash, where speculation ran aloof and nearly uncontrolled. And, if history is to repeat itself, the current good results one might see from both Europe and USA is that this is misleading and that the crash is not over. Basically, and if it comes to pass, the aftershocks will come in 1-2 years and if **** didn't hit the fan on 2008/2009 (bank and the Big Three bailouts were just to soften up the impact, it didn't really solved the underpinning issues of an ultraliberalized market and an extreme lack of regulation), it will in the following years. In my personal case, of which my country is living out of premium-paid oxygen baloons, it means that we won't be able to have a stable and growing economy in the following 20 to 40 years.

but I'm rambling. the TL;DR is: Biggest problem of mankind is mankind itself, there are no golden pills nor silver bullets to solve the problems we're facing, and this is not over yet, so brace yourself. Things the way they are, expect a major armed conflict in the next 20/30 years, and yes, it will be much bigger than any conflict you had on the last 20/30 years.

[img]http://eve-files.com/sig/grimpak[/img]

[quote]The more I know about humans, the more I love animals.[/quote] ain't that right