this says to us that the only thing that will make the system work again is hope.But how can it appear from nowhere?US banks probably spent the money they didn't have,just by adding several 0 to their accounts. Now there's too much money in their economy(and in the world economy as well)...So what's the way out?I think that the only way out now is controlled(or at least partly controlled markets).
Let's look at China-the only country which is likely to show 7% economic growth in 2009(from Newsweek 19th/jan/2009). This country was moving from planned economy to market one but this crisis shows us that this may not be the right thing to do. The man in the video tells us that one of the features of every working economy is absence of fear or in my opinion it's better to say presence of confidence. When the whole economy is probably controlled by DIFFERENT people,corporations,banks etc. that are driven only by their GREED, ordinary people are not able to feel safe therefore the economy can't work properly...BUT when the economy is supervised by the RIGHT and FAIR government whose aim is to maintain stable situation in the country and probably wealth for everyone,people feel more secure and therefore comes FAITH and HOPE.
Some people may argue that planned economy is the way to socialism. But "It doesn't matter if a cat is white or black, as long as it catches the mouse" © Deng Xiaoping
Diseconomies of scale
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Diseconomies of scale occur when a business grows so large that the costs
per unit increase. As output rises, it is not inevitable that unit costs
will fa...
7 years ago
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