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But "globalization" is "politically correct".
For "globalization" to die, "political correctness" would have to die first.
Exactly. There's no point propping up failed businesses that will never work in their current modes. Let them die and move on.
Likewise there's no point propping up a failed ideology. The whole deregulation / privatisation / globalisation thing failed nearly a century ago and seems to be failing again now. Let it die and stop trying to bring back an idea that clearly doesn't work.
Exactly. There's no point propping up failed businesses that will never work in their current modes. Let them die and move on.
Likewise there's no point propping up a failed ideology. The whole deregulation / privatisation / globalisation thing failed nearly a century ago and seems to be failing again now. Let it die and stop trying to bring back an idea that clearly doesn't work.
Wonderful to see more thinking people recognising the Globalisation experiment for what it is
Nothing at all wrong with globalisation per se, it's how you use it that counts.
From ABC, 20 May 2009
JAPAN'S ECONOMY CRASHES BY RECORD AMOUNT
By Online business reporter Michael Janda
Japan's economy shrank by 4 per cent in the first three months of the year - an annualised fall of 15.2 per cent.
It is a record fall, and confirms Japan is in its worst recession since World War Two.
However, the news is not completely dire: economists had predicted a steeper annualised fall of 16.1 per cent, and many analysts are saying there are some signs that Japan is turning the corner back towards economic growth.
Japanese consumer confidence hit a 10 month high in April, exports rose in March compared to February and factory production had its first monthly increase since September.
Share investors in Japan also believe the worst has passed, with the Nikkei 225 index rising 32 per cent from a 26-year low set on March 10.
Austrade's chief economist, Tim Harcourt, believes that the major east Asian economies are displaying "bamboo shoots" of recovery, just as many observers have described 'green shoots' in the US.
"Industrial production in China, Japan and Korea is turning around a bit," he said.
"The last Japanese manufacturing data was reasonable, so perhaps this is another sign of moving from the great recession to the great recovery, albeit slowly."
Japan's ongoing problem is that it will be recovering from what is now a very low base and, even at a rapid pace of growth, will take years to recover what has been lost in the last year.
Most of Japan's major exporters are not forecasting a rapid recovery, with most predicting stabilising sales and continued losses throughout this year.
The Nikkei share index is up a modest 0.3 per cent this morning to 9,316, and the Yen is stronger against the Australian dollar, despite Japan's continued economic weakness.
...
Surely, that BAD, BAD, BAD news from Japan must hit our economy too?
Yet our Shtock Market merely shrugs it's shoulders, utters "Meh!" and continues gaily dancing The Boomtown Jig while popping the champers.
So, things really aren't that bad at all if news like that can't even prod a response!
Maybe KRudd'nCo and their mates from Transparent Treasuries Ltd are right and the Lil' Ozzie Battler IS the best gig in town?
It could be a sucker rally too, just give it time it needs.
It is a suckers rally, but then there is one born every minute.
Just look at MQg's shareprice over the last few months, doubled. On what?
It is a sucker rally Happy.
Things are getting very very bad in North Queensland.
Projects closing down or going bust, all separate from the clowns at Storm Financial.
Real people who work and produce wealth for themselves and others going backwards.
Contracts being cancelled.
It is a suckers rally, but then there is one born every minute.
Just look at MQg's shareprice over the last few months, doubled. On what?
On financial five card tricks.
We are in for a depression, because if North Queensland goes down, god help the rest of you.
gg
It is a sucker rally Happy.
Things are getting very very bad in North Queensland.
...
We are in for a depression, because if North Queensland goes down, god help the rest of you.
Just look at MQg's shareprice over the last few months, doubled. On what?
On financial five card tricks.
We are in for a depression, because if North Queensland goes down, god help the rest of you.
The world knows Japan has been a basket case for years...so who cares now ?
the media believe they need to sell some more bad news.....like the boy who cried wolf...eventually no one takes any notice
PS: And since when has North Queensland been the linch pin of the AU economy???? I'd be watching NSW and Vic generally first for signs of recovery or further deterioration as those two states represent more than half the AU economy just there, plus obviously watch the the mining/resource sector closely.
Cheers,
Beej
you crack me up....what are you smoking.....what a ludicrous proposition....
Townsville with a population of under 100k is the linchpin of the OZ economy...compared to Sydney 4.5 mill and Melb 3.8 mill.....
hehehehehe....I can see your true colours shining through.....go on .....
you really need to ........aarrghh...what the heck...
hahahahaha....its too funny....
Townsville with a population of under 100k is the linchpin of the OZ economy...compared to Sydney 4.5 mill and Melb 3.8 mill.....
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