We're Screwed

[Amazeroth]

Xanathos, I doubt there is any administration anywhere who could do something about this crisis.

Except the Chinese. Those damn socialists are still having growth... damn five year olds

I think it would be MUCH better if they did nothing, (allow capitalism to work) or even better, lowered taxes and deregulated the economy.

And you see, China's uber growth is government made and artificial, the bust is going to hurt...

When China bursts, they will still have the same housing that they had before, they will still be provided with some amount of food, and they will have a single national union to get all of them working less hours so that they will all still have jobs.

When America burst, more people went homeless, private non-profits didn't always have enough food for them, and people that still have jobs stayed the same while many were left unemployed.

The only reason why that might be true is that China has no housing programs, and huge joblessness already.

Really? Because capitalism does not give a shit where their producers and consumers are. And right now the latter are here and the former are in China and India. If capitalism would get to decide freely, it would take all the jobs to cheaper countries. Capitalism does not believe in patriotism or nationalism, it is a legion that is after profit any way possible. If that means ditching the west and going to the rising east, they will do that without any remorse. Capitalism is short-sighted, they don't care what is going to happen in 10 years if there are profits NOW! So, unless you are Indian or Chinese, hoping for them to allow capitalism to work on it's own would be disasterous to you. Capitalism is fine when it is tied down with regulations to serve the west, but deregulating it leads to the destruction of the western world as we know.

If all the jobs would be taken to cheaper countries, those countries wouldn't possibly stay cheap. Every company that is after profits will see to it that it can still make profits in 10 years, so they will have to care what happens then, not because of morals, but, and that is the beauty of it, because of their interest in profits.

[Khaler]

If all the jobs would be taken to cheaper countries, those countries wouldn't possibly stay cheap. Every company that is after profits will see to it that it can still make profits in 10 years, so they will have to care what happens then, not because of morals, but, and that is the beauty of it, because of their interest in profits.

Sure, but it is irrelevant to them if the consumers are americans or the newly-enriched Chinese. The West is just a rescourse for them that can and will be replaced if it does not regulate the market.

[Amazeroth]

If all the jobs would be taken to cheaper countries, those countries wouldn't possibly stay cheap. Every company that is after profits will see to it that it can still make profits in 10 years, so they will have to care what happens then, not because of morals, but, and that is the beauty of it, because of their interest in profits.

Sure, but it is irrelevant to them if the consumers are americans or the newly-enriched Chinese. The West is just a rescourse for them that can and will be replaced if it does not regulate the market.

The west would be replaced if it stops being a resource - that is if it no longer generates know-how, public order, and so forth - the reason big corporations have their "headquarters" in the west is not because they get regulated there, but because it is more profitable.

[Captain-Socialist]

I checked the foreign debt for nations. Every single nation on this planet is in debt. Hm.
It is a pity they do not make statistics on who is the lender.

If all debt was repaid then the entire banking system would collapse, debt is permanent.