Discussion in 'Members Corner' started by Ray, Feb 18, 2012.
A very incisive and interesting commentary on Britain.
What do you say?
Happened with my ex-colleague. He received a notice stating that he owed money to Citibank because he had used their credit card and not paid back. He never had a Citibank credit card.
Grew up reading Sunanda K Datta Ray in the Statesman. Based on a few isolated events he is drawing up a very dismal picture. We are seeing Britain at the low point of the Global economy, we should wait to see how they respond when the Global economy is on a upswing.
He is a senior from my school and a family friend!
Visit UK and Singapore regularly.
I would quote Margaret Thatcher. â€œSocialism is a great idea till you run out of other peopleâ€™s money.â€
This is where we now find ourself's, we have not only run out of money but are borrowing more then 100 billion pound's a year just to pay our bills.
Our government say's it's cutting spending in all department's and still our national debt climbs ever higher. The labour party whose overspending got us where we are think we should borrow even more to kick start the economy .
You wouldn't run your family finances the way our government does it's ,so why keep spending other peoples money.
I'm glad i followed my mum's advice and spend only after i earn and only ever borrow if its for a house. over the long haul a house will rise in value so to borrow to buy is still worthwhile...
I'm not worried at all! Soon we will see Arjun tanks rolling down Pall Mall and the queen will be replaced by a Italian madam and the Brits will be put out of their misery!
We already got the Italian madam and Indians parading down the Champs Elysee. Didn't end us, in fact we got MMRCA.
Has anyone on DFI seen that movie?
The Best Exotic Marigold Hotel (2011) - IMDb
The world will still go round if Britain sinks into irrelevance. In fact, most of the world wouldn't even blink.
This thread has so many useful posts. I will this thread in mind, next time some idiot talks about socialism.
Anyway, lesson for the day for Indians, learn from Brits' mistake and stop this socialism in India
Yes, ol miss maggie T was very wise indeed...
as evidenced by world financials, it is unfortunately the capitalist west that has been living off others money and are soon running out of it. As evidenced by the debt that Europe and North America owe to the rest of the world!!
India and china were socialist countries in the 17th and 18th centuries when their economies were at peak--->>>
We were not "capitalist" countries either.
In practice we were. We did have a decentralised economy.- Do you agree or not?
If not, what economy did we have?
And you think a hardline capitalist UK would fair any better? Do you have any idea how much corruption and usury there actually is in Laissez-faire?
If you're going to attack socialism at least come with something credible
I believe in center right economic policy.
What do you think is the reason for the UK/EU/Greece's fall?
Again, I am asking the same question, why did India did better before colonialism, when the economy was de-centralised(which is capitalist in practice)?
Socialism rewards mediocracy and capitalism rewards meritocracy. hence Capitalism is the best way forward. As Shakel said in another thread, Capitalism is like Democracy. It is shit but it is still the best bet among what is available.
Quoting for posterity. He was referring to 17th and 18th century India.
I was talking about the same
Come on, start the name calling already
Capitalism is meant to make the rich ever richer, and make the poor even poorer. If you think wealth in a capitalist society is the result of hard-work you need to take a much closer look at actual Laissez-faire that miserably failed Europe and led to things like Marxism.
Socialism gives the rich a chance to stay rich, and the poor a chance to get rich. If anything, socialism is the system that rewards hard work.
Separate names with a comma.