08-03-2010, 01:07 PM
(This post was last modified: 08-03-2010, 01:11 PM by HareKrishna.)
[quote name='Bharatvarsh2' date='01 April 2010 - 10:04 AM' timestamp='1270095986' post='105575']
On a sidenote the idiot who wrote that is precisely why India has so much poverty and Indians do ok everywhere except in India itself.
Wealth redistribution ya that's exactly what we need, a model that failed so spectacularly everywhere it was tried.
And the West has decades ago abandoned many of the policies that made it successful.
The US is a giant welfare state (not as bad as Sweden but still pretty bad) today & veering towards socialism with a future that looks like Brazil.
The current crisis was predicted years ago by those nasty capitalists (the real one's i.e) in the US, go on youtube and look up Peter Schiff's predictions about the housing bubble back in 2006 and 2007.
[/quote]
wealth distribution is a good thing but it must have a limit in the budget ,lets say 20% ,and this line is never to be crossed.
in capitalism,to much welfare is a bad thing as its compromise growth.
but food aid ,minimal housing and basic medical stuff make only a small percent from the budget.
the biggest burden its not the welfare but the pension system which affect all aged countries,like Japan.
only in a resource based economy(the only good alternative to capitalism) ,the free salary doesn't count because production and services are assured by machines.
On a sidenote the idiot who wrote that is precisely why India has so much poverty and Indians do ok everywhere except in India itself.
Wealth redistribution ya that's exactly what we need, a model that failed so spectacularly everywhere it was tried.
And the West has decades ago abandoned many of the policies that made it successful.
The US is a giant welfare state (not as bad as Sweden but still pretty bad) today & veering towards socialism with a future that looks like Brazil.
The current crisis was predicted years ago by those nasty capitalists (the real one's i.e) in the US, go on youtube and look up Peter Schiff's predictions about the housing bubble back in 2006 and 2007.
[/quote]
wealth distribution is a good thing but it must have a limit in the budget ,lets say 20% ,and this line is never to be crossed.
in capitalism,to much welfare is a bad thing as its compromise growth.
but food aid ,minimal housing and basic medical stuff make only a small percent from the budget.
the biggest burden its not the welfare but the pension system which affect all aged countries,like Japan.
only in a resource based economy(the only good alternative to capitalism) ,the free salary doesn't count because production and services are assured by machines.