Worst finance crisis since WW2 - Soros

weigh in on the Democratic perscription for the price of this illigal war.

It's just too bad that most people in the U.S. don't.

for an example, what does Soros mean by "...as a balance"?

... decision-making and that attempts to maintain the common interest by collective action distort the market mechanism.

thanks

Is that the total selfishness model, and the assumption that everyone will act in his/her interests and screw everyone else came from

-John Nash- notable paranoid schizophrenic who was untreated at the time he developed this theory.

I love the work from the guy, Adam Curtis, who did The Century of the Self. When Nash's theory was tested on secretaries, it failed because none of them would only act in their selfish interests. I guess most people just aren't assholes enough for that. Maybe, oh, 5% of the nation are total and unremitting assholes? That's the same percentage of the wealthiest.

Democracy Now! had a good section Friday about how everyone else pays for the rich to screw us. you can watch/listen online.

because they snapped up all those tranches of bad paper laundered by hedge funds that US brokerages and banks did. Plus, with the Euro overvalued, the giant sucking sound is their jobs now being sent to the far east.

If and when this thing happens, it will be worldwide.

The jobs started leaving when we still had Lira, Francs, Marks, etc.

Jobs are still leaving the USA too.

but the process is accelerating in Europe. The US has lost entire basic industries. We no longer have enough left to survive the next big war, let alone be on the winning side. We're like a big soap bubble, bright and shiny on the outside but full of nothing but hot air.

have strong unions, unlike here. or stronger, at least. not only that, but they have used the cooperative method on certain products rather than competition so that, for instance, everyone across Europe can use the same cell phone service and get a better product at a better price.

You should read The United States of Europe to see ways that they have taken different routes than the cannibal capitalists here. Yeah, jobs go south, but those nations have generous unemployment packages, so it's not in the govt's interest to let companies make profits at the expense of the govt. The govt has to fund national health care, too, so the incentive for the govt is to regulate piracy to some extent. (of course this isn't always true...)

The Euro is overvalued because people have lost confidence in the dollar and the U.S. - because Bush wants to let the dollar fall so that the europeans can buy our stuff. the only thing I know of that europeans like that's made in america are blue jeans.

I just had to say something here because people in the U.S. have been predicting Europe's imminent economic disaster - through so many of our own that are just biz as usual (like the S&L crap.) This is a right wing talking point because they want Europe to look like a failure to Americans because Europeans have social democracies (at least in Northern Europe) that take care of their citizens. of course the repukes don't want that. I've never quite been able to understand why they don't want that... I suppose they are just full of hatred for others and greedy as fuck ...but of course, the cover story is the demise of Europe, the primacy of crony capitalism cause it's the kindest, bravest, warmest, most wonderful economic system I've ever known in my life....