Democracy 101 (are we brainwashed automats?)

[He111]

Originally Posted by WTE_Galway

There is of course a certain illogic to this.

In the west:
Big Business greed -> means economy collapses -> govt forced to hand out welfare

Conclusion:
Welfare caused the economic collapse, give big business a tax break

partly,

Politcal decisions (corruption through multinational & UN pressure) to move jobs to 3rd world economies (free trade), left many western governments with weakened economies, to fill the gap they compensated with low interest loans (credit) which mostly went into housing speculation. This housing bubble was expanded greatly by criminals within Public corporations (investment banks) jumping on the bandwagon and creating high-risk derivatives, creating great wealth for themselves and putting the companies they worked for, and world economy in great risk.

You know the rest .. I'm still waiting for the arrest warrants! which will probably include a ex-president & ex-Fedbank employee ..

EU problems are different, many EU countries have had a welfare problem with decades but was hidden by income derived from credit (housing bubble) but when it popped, many governments were left with not only welfare debt but bank bailout debt too. How do you pay expanded welfare when your economy is shrinking ? go into further debt .. and further debt. The lastest austerity measures to balance books will hurt greatly and shrink EU economies further, but I think are necessary to reflect poorer western societies ... unless western countries tell the UN & multinationals to go get .. and take their jobs back? (protectionism)

.