(adsbygoogle = window.adsbygoogle || []).push({}); The economy is broken and needs changing unless we want instability/inequality.
Right now the focus has been on a debt crisis which then made a banking crisis which leads us to now. However the debt was not what caused the crisis. Something far far deeper within the economy did, inequality quite simply put.

Your looking at me confused don't worry it makes sense. At the right top end of wealth people have had their wealth increased by alot. Near the bottom and middle it has not increased that much at all.
Take for example the sunday times top 200 rich list.
In 1990 you would need 50 million today 430 million.

That not even the top 1% that 0.01%

All of this leads to inefficiency , inequality and high inequality economy.
Right now the top 1% within the US holds 1/3 of the wealth that more then the obama stimulus package.
To prove a point nations which have less inequality are more happy and stable. Almost all nation have not felt the recent downturn.

How to solve it ?
Quite easy give the lower and middle end a bigger slice of the pie. Increase wages , invest into people near the bottom of the end. The state takes more from the super rich and gives tax breaks to the lower end.
Business needs to invest more into the communities around it , needs to help fund and build communities centers and services etc.
State and business together working would be far more efficient then just state.
It time we move away from a inefficient economy focused on cities and make it more local.
Alot of wasted room within the economy that should be given a investment boost. Why not create more GDP activity in areas which badly need it.

Why should we ?
If we carry on doing what we are right now. I fear for the future of the human race along with what comes from this unstable system. The poor should not been looked down when it the system that makes them poor and does nothing to help that.

It easy to gloss over this but most of are social problems come from it. Why waste all that money fixing them when a new model just needed ?
Reason i posted this it would be interesting to see what NGU thinks about it and how they view the rich.

*Any mistakes are on purpose........*

One big problem with the United States is that local governments don't do what they could to make it better, and it puts heavy strains on the federal government where the federal government has no jurisdiction. A lot of Americans could do with looking at their own county and state governments before jumping to blame Congress. I know for one I am extremely disappointed with my state's legislation, I am upset how Brownback let KU sway his decisions in the interest of financial aide with his campaigning. He really needs to be taken to jail, rather than be re-elected as the governor.

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A video that I thought is ironically relevant

I agree. But sadly, the people who are rich are rich enough to have power. And obviously the people with power want more money/power, so they won't ever vote to decrease their wealth

Economy is not the problem, it is peoples minds, ideas, targets that makes our current days bad :y: The economy would be much better if important people such as presidents obviously, would care more about their citizens than other countries issue !

Capitalism at its best... If you believe in Capitalism, then you support how the economy is going and you also support that the government should not be in the economy.

If you don't support Capitalism, then you support the idea that the government should play some of a role in the economy.

I for one dislike Capitalism, we need more of the government in on it to control wages and to flat tax.

Yes i know just bumped my thread and it a couple of weeks old but for good reason NGU went down and well it died
Also feel that alot of users missed it.
I hope to get some more decent replies and for a discussion to return to GD.
Even if your 14..i would like to hear your view on it.



I support capitalism but not how it works right now.
Both sides private and state need to do more and work together to solve these problems.



that was the point
It how we run the economy that is broken

I think it more then presidents but changing a how culture.


That a good example
Tbh we should become more open and make decisions more clear.
Ideology BS needs to go.




In the long term it going to mean more wealth not a decrease and well better for them.
Problem is trying to explain that
Some rich people right now are already doing it but overall we created a culture that goes against it

Another brilliant idea would be to make more of an open choice for voters. Since the US is so largely based on party-systems we basically get to choose between Red and Blue. What if someone, for example - Hilary Clinton, wanted to run as, say, Yellow? It doesn't happen. They never put them on the ballots and so the people who might have wanted them will usually end up not bothering to vote, feeling that their voices are left out. It sort of leaves people with a bit of a disgruntled attitude about it and they don't really bother to be heard. It's one thing to be ignored, another to not try to be seen.

I can understand why there should be a balance of privatization and state ownership. Personally, I think it should all be privatized because I feel they run more efficiently. Businesses run privately keep reminding their employees that they are expendable and there are others willing to work in their place. That being said, the U.S has a regressive tax rate and privatizes a lot. This obviously means the gap between the rich and the poor continually increases and this inequality is one of the bigger problems.
it's a good idea to tax the rich more and pass it to the poor, in fact some billionaires like Warren Buffet support it. However, changing the taxing system to a progressive or bumping up wages may be dangerous. If business leaders see that their country is rewarding their intelligent business decisions with more taxes and driving up their costs; they may become less inclined to work productively. Increasing wages may get more people laid-off and increasing taxes on the rich may cause them to pull out investments and stop other things as well. To do increase taxes and wages, we would need to be sure of the good in business and rich people's hearts; which is a very risky thing to do.
Also, some inequality should exist. It will serve as a reward to those that work hard. If we were all equal then there would be no reason to move forward. Whether we like it or not, greed motivates us and keeps our society moving forward.

Just because a business is private owned does not mean it runs efficiently.
Saying that some do but others not so much.
Some stated owned companies are far more efficient then private rivals and the other way around.

Risky no...it not.
Just re-balancing the scales. Some would resist it because they get less of the pie. Thing is spreading the pie around means more efficient business.
How tax works right rewards well off too much.

Inequallity can't truly be removed , but right now it stupid how unequal it is.

Hard balance to strike in the end.

Ty for your post

I agree in that there are exceptions to efficient businesses being private. In my experience, government organizations often pay their employees more and give them better benefits. This is wonderful but it sometimes leads the employees to feeling "invincible" and thinking their hot shit; they tend to strike more and get really worked up over minor changes while there are people getting paid far less and work harder. The risk can be minimized; slowing edging society in economic reform might do the trick but it needs a stable, strong, and smart government at the head and top businesses and business people to cooperate. The scales are too far from an acceptable balance and it's evident that something needs to be changed and soon. If not the economic crisis, there may be a social crisis if this stuff isn't getting fixed soon.