Most countries in Europe are facing this problem too. Education has become just another way to make money and the more people you're teaching the better because they are all paying for it. Years ago schools had standards and you had to know something to be accepted. Now they are accepting everyone just to fill their own pockets. This means that people who spent a lot of time studying just to finish a decent school now find themselves surrounded by morons with the same degree, given by the same school.
If you are really smart you go to a better school with more prestige. Today many companies and corporations are paying attention to what type of school you had graduated. So if you really want to stand out you need to finish good school and then you can be sure that you will stand out above average
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That's what I'm saying, the Germans are just smarter, with more technical knowledge, and better politics to organize things. I maintain life was harder in Berlin in 1946 than anywhere in Greece.
I wouldn't put it that way, there are many factors way some nations are doing better then others and it has nothing to do with who is smarter (Russia have many smart people but because of geopolitics the country itself is not so powerful as it could be) As for the German economic condition today its looking pretty good, in the link there are few nice graphics showing how European countries are doing http://www.economist.com/blogs/graphicdetail/2015/04/european-economy-guideIt's quite true. Confucius said something like that. If a country goes wrong, it is because of the leaders. I wonder if Greece (or Russia) ever had a smart government. Again - there are so many factors why some countries are doing better then others that you cannot put it only on people being smart or not (of course intellect, hard working are very important but not the only reasons). In my opinion, there are three factors why the German economy is still doing very well despite all the dangers at the horizon: cheap oil, an extremely week Euro (researchers say that Germany can live with a Dollar/Euro rate of 1.6/1) and the deindustrialization of many other countries.
Can you provide some links to those researches? If you are bringing something like that up it's good to post some link with it and I'm too lazy to search for it myself
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Authorities should stay out of money totally. Money is the place of gold, silver, bitcoin, and any other form that doesn't require an authority. As soon as you have an authority, there is no way to make it independent, unless you can find the Knights of the Holy Grail and hire them.
The idea that financial crashes require central banks and governments to save the world from ruin is based on the existence of such crashes in the first place. But these crashes are, without exception (going all the way back to the Dutch tulip bubble,) caused ultimately by the issue of money by some authority.
Assuming that there won't be any economic crisis in the future is a wishful thinking. Sooner or later there will be crisis no matter who is manages/cnotrols money. Politicians have no idea of doing business. Let the banks who have better knowledge of business and finance matters print the money, look what is happening to Argentina and Zimbabwe this could happen to countries who let the ministry of finance print the money.
The last big economic crisis was caused by banks... http://www.economist.com/news/schoolsbrief/21584534-effects-financial-crisis-are-still-being-felt-five-years-article
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Even if China and US ban bitcoin there are still many countries in which you can use btc (almost whole Europe). And I don't know if US government will be able to block every bitcoin transactions, you can always use foreign services to use btc. or exchange it for dollars.
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The best way would be capitalism with a bit of socialism.
in a direct comparison capitalism wins over communism. Just look on the world map and see how many countries are using capitalism and how many communism and compare how many of those countries are rich and how many poor. Communism has good foundations but when you implement in real life then all sh.t starts to fall, because some people will always tray to take advantage over others.
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Of course that Swiss are happy, there country had never been attacked in recent (1900+) history, they have great economy, they keep their natural environment very clean, and they got great food too (love chocolates). On the bottom unsurprisingly are countries that have been disturbed by countless conflicts, and/or despotic rules.
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This discussion about who was worst can go for ages but there is one significant difference between those two. Hitler wanted to make Aryan race dominant so he was doing everything to achieve that (witch include killing German Jews and German communists). Stalin on the other was almost everyone even his own people (even those who were not a threat) http://en.wikipedia.org/wiki/Holodomor
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I think, it is a good idea. It is more democratic system.
Democratic system we have in our countries as now is closer to fiction than to real democracy from our textbooks. You think that people have the choice and elect their representatives, not really, it is just giant puppet show. The only way money should be created is not by financial institutions (Central Bank) or political structures (Ministry of Finance) because there will be always problem how much money they print. They should disclose publicly how quantitative easing works, we need transparency in this sector more than anything. Well said but what other choice do we have? There must be some organization or institution that will keep an eye on. Also in times of economic collapse those institutions must intervene (of course in a right way). So I think the question is rather haw to make those institutions independent from politics and private banks.
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Executing dealers to fight drug lords its like using air freshener after taking a dump, the smell is unnoticeable but if you didn't flush the toilet the shit is still there. If the authorities are just cleaning the streets of drug dealers that's good but killing them want solve the problem. Also some of them are just stupid people that wanted to earn quick and easy cash, they should be punished but not so harsh.
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That's what I'm saying, the Germans are just smarter, with more technical knowledge, and better politics to organize things. I maintain life was harder in Berlin in 1946 than anywhere in Greece.
I wouldn't put it that way, there are many factors way some nations are doing better then others and it has nothing to do with who is smarter (Russia have many smart people but because of geopolitics the country itself is not so powerful as it could be) As for the German economic condition today its looking pretty good, in the link there are few nice graphics showing how European countries are doing http://www.economist.com/blogs/graphicdetail/2015/04/european-economy-guide
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I never understood why social media stock is so highly rated anyway. But then again I'm no market specialist.
Personally I don't use twitter or any other social media but most people are attracted to this kind of stuff, so for advertising companies its easy to find the exact person they want to target. Especially when people are willingly sharing private informations with everybody. You can look at facebook as big data base, full of informations about who likes what and etc. But twitter is a bit tricky because they earn money when people watch advertising, but many users after creating their accounts didn't log onto them afterwards. Also twitter does not have as much info about their users as facebook, so ultimately they don't earn on advertising as fb.
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there's no vat (sales tax) on food and transport. the £1,000 or so a minimum wage immigrant might pay in income tax nowhere near makes up for the cost of paying jobseekers allowance and housing benefit to the british worker he put out of a job.
If he buys food, he gives money to the bakery or restaurant and that money is filling the cash desk of the owner who is also paying taxes. You pay taxes almost in everything even if you are not doing it directly. the difference is i see things that drive down our workers' wages and rights as negatives that we should be guarding against and you appear to be saying we must accept these changes and resign ourselves to working harder for less until our pay and conditions converge somewhere in the middle with those of china
I've never said that we have to accept ill conditions or work like they do in China but some improvements must be made, also in use of time work. if that birthrate is going to be made up mostly of blacks and muslims (as it currently is) i'd rather just have fewer people
I'm talking about immigrants in general, ethnic and religious issues lets leave for a different topic
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the cost of keeping a native brit on welfare who lost out on a potential minimum wage job to an immigrant is not going to be met by whatever taxes that immigrant pays. that immigrant has now become a drain on us all.
If that immigrant has a legal job, lives in apartment, buys food, goes on a subway or bus, that means he pays taxes like everyone else in country. let them make do with the slightly slower , lazier british worker who demands his rights as they always did before the option of employing harder working desperate polacks existed.
Firstly why do You need to insult Polish people? Secondly if a company allows slower working pace then her competitiveness weakens, if that happens you don't need to look for competition in China because another company in neighbourhood will dominate the first one. Thirdly here's an article about Polish workers in UK http://www.telegraph.co.uk/news/uknews/immigration/11207980/Polish-migrants-almost-20pc-more-likely-to-work-than-Britons.htmlAnd finally Europe society is getting older every year so young immigrants that want to integrate will bring new children in the future keeping birth rates high
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more like dont want to do for the bullshit wages and working conditions mass third world immigration have created. over here we used to get double time for working on sundays and paid lunch breaks. now sundays pay the same money and breaks are unpaid. and there are so called "productivity targets" even in joke retail jobs which never used to exist meaning people have to work harder and faster than their parents did. the reason? 3 million immigrants from eastern europe. i'm from england but i imagine its no different in other developed countries with a mass third world immigration problem.
You had to speed up because other countries like China could do the same for lass and with higher amount. Even if there were no immigrants You still had to work faster because if not your product wouldn't be competitive with the one from China. lower wages are a bad thing when the people on them need food stamps to survive. in the uk 25% of welfare is paid to people who have jobs because the government recognises the minimum wage isn't enough money to live on.
You didn't understood or didn't read my previous post correctly. I wrote "lowering wages is not always a bad thing"
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I happen to be in Germany, and there's money around, no doubt about that, but anyone can see why. The Germans are working harder, and they're smarter than the Greeks. It's been like this for centuries. Doesn't anyone remember that Germany lost WW2? Germany was destroyed and ruined in 1945, much more than Greece, but barely 20 years later the Germans were richer than the Greeks.
Hmm you are a bit unfair to the Greeks. There are several reasons to why Germany is such rich country. Yes they work hard but also Germany weren't so lossy after WW2. Firstly Marshall Plan http://en.wikipedia.org/wiki/Marshall_Plan#ExpendituresGermany received almost 5x more $ then Greece. Secondly Germans in WW2 destroyed or weakened almost every other country in Europe so they were not so far behind France after the war. Thirdly companies like BMW or Volkswagen and others were producing military equipment. After the war they had "know-how" to build machines and other useful stuff like agricultural machinery, manufacturing equipment and so on. Fourthly Germany is keeping their economic policies liberal
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link is paywalled
It works for me. Chinese have bigger problem. The society was always believing in strong leadership, be it Caesar or government, and centrally managed economy. The younger generation is trying to change that but it will take time and a bit of good will from the Chinese republic party to loosen few laws. Also there must be spark that initiates average people to step up for their rights and censoring internet might be one of those sparks.
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I never could understand why people are devastating their cites when they are protesting. I know that they are frustrated and angry but if they want to show their exasperation they should protest before Federal Bank or Courthouse. I couldn't Demolish my neighbourhood no matter how angry i would be.
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It's way to early in my opinion, to say that bitcoin will end Fed reserve currency monopoly. Btc is being recognized by new companies and institutions but legality is still uncertain in many countries. I can bet all my btc that governments all over the globe are thinking how to put their hands on bitcoins and if they fail to find a way they will try to figure some way to ban them.
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Not sure but I think this article is referring to both legal and illegal immigrants, the legal immigrants pay taxes like every US citizen. We cannot forget that USA society is built on immigrants.
the majority of "legal" immigrants are in low paying jobs and are a net drain on the economy. you think the spics working in call centers or your local starbucks are paying a lot of tax? all they are doing is taking those jobs away from unemployed americans or kids leaving school who need them. usa society was built by white people with a whites only immigration law until the 1960s First of all immigrants are all kind of races, also white (manly from eastern Europe). As for "spics working in call centers or your local starbucks" those people are doing jobs that "unemployed americans or kids leaving school" don't want to do. Also lowering wages is not always a bad thing -> you can produce more for less, so the costumer will be able to pay less for that product, and that also means that despite having less in your wallet you can actually buy more stuff. And finally one more thing - China is currently very competitive in low-cost production, so if companies in countries like USA want to keep their production facilities on USA soil they have to cut costs somewhere (Not that they should start from cutting wages, but that's how they roll)
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Today it seems like varoufakis is on the outer and a new negotiating team is stepping up. A deal is probably close.
Prime Minister Alexis Tsipras says that the deal is close and expects "an interim deal will be in place by 9 May." He Also added "If the solution falls outside our mandate, I will not have the right to violate it, so the solution to which we will come to will have to be approved by the Greek people," I'm no expert but if they keep asking Greek citizens their opinion it's going to take way too long, and they will spend more unnecessary money just for increasing loan repayment http://www.bbc.com/news/world-europe-32493005
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