Knights of Glory and Beer

Serving the online community since 1997

Previous Thread
Next Thread
Print Thread
Rate This Thread
Page 2 of 2 1 2
#114362 - 02/21/13 09:23 PM Re: Iceland [Re: Derid]  
Joined: Nov 2005
Posts: 4,574
Derid Offline
Chief Justice
KGB Supreme Court
Derid  Offline
Chief Justice
KGB Supreme Court

****

Joined: Nov 2005
Posts: 4,574

We both know that is not the case here. A generation to recover from? World moves at much to fast a pace for that. 3 years tops.

Your scenario is just the one peddled by the folks who had the most to lose. Nature abhors a vacuum, and the vacuum left at the top would have been filled in short order.


For who could be free when every other man's humour might domineer over him? - John Locke (2nd Treatise, sect 57)
#114379 - 02/22/13 01:36 AM Re: Iceland [Re: Derid]  
Joined: Jan 2006
Posts: 5,217
Sini Offline
KGB Supreme Court Justice
KGB Paladin
Sini  Offline
KGB Supreme Court Justice
KGB Paladin
**

Joined: Jan 2006
Posts: 5,217
Subtract TRADE (both import and export) from GDP, then assume annual growth of 3% and calculate how many years it would take to recover.


#114383 - 02/22/13 05:01 AM Re: Iceland [Re: Derid]  
Joined: Nov 2005
Posts: 4,574
Derid Offline
Chief Justice
KGB Supreme Court
Derid  Offline
Chief Justice
KGB Supreme Court

****

Joined: Nov 2005
Posts: 4,574

You are making an unfounded assumption that other factors would remain static.

I would rather assert that stopping any trade with China especially, while painful at first would drastically accelerate domestic economic growth.

Globalism is not all its cracked up to be. Division of labor is one thing. Offloading manual labor to virtual slavers, then wondering why it is difficult to be competitive by using domestic manual labor is another.


For who could be free when every other man's humour might domineer over him? - John Locke (2nd Treatise, sect 57)
Page 2 of 2 1 2

Moderated by  Derid 

Page Time: 0.029s Queries: 16 (0.010s) Memory: 3.0886 MB (Peak: 3.1705 MB) Zlib disabled. Server Time: 2018-10-21 00:34:51 UTC