Gordon Does Good

A Nobel Prize in the economics of a flawed system. Too stupid to realise that though despite his accolade. :rolleyes:

There is no perfect system; by definition, every system is flawed. Your comment is irrelevant.

What's relevant is that this guy knows more about economics than both of us, so you're hardly in a position to criticise his viewpoint.
 
A Nobel Prize in the economics of a flawed system. Too stupid to realise that though despite his accolade. :rolleyes:

How can economics be a flawed system? Economics isn't a system. Its a subject. Its like saying, physics is a flawed theory.
 
I think the Labour supporters are limited on this forum, shame as I am much happier with Gordon Brown in power than David Cameron. Gosh having Cameron in charge at the moment would be very scary.
 
You are right, no system is perfect but fractional reserve banking is possible the worst system to use. Krugman will obviously knows this as well, which makes it all the worse.

There are, however, some people that can see through the clouds to a bright new future.

http://www.thevenusproject.com/
 
You are right, no system is perfect but fractional reserve banking is possible the worst system to use. Krugman will obviously knows this as well, which makes it all the worse.

There are, however, some people that can see through the clouds to a bright new future.

http://www.thevenusproject.com/

Lool at that link. How do they plan on financing this dream of no crime/hunger/poverty? Also it seems technology will solve all of the worlds problems?
 
You could not have read that entire website in the time since I posted it. Go back, read the information and then come back with an opinion.

There will be a test!
 
You could not have read that entire website in the time since I posted it. Go back, read the information and then come back with an opinion.

There will be a test!

From what I've read so far, its the utopian dream of communism.
 
I think the Labour supporters are limited on this forum, shame as I am much happier with Gordon Brown in power than David Cameron. Gosh having Cameron in charge at the moment would be very scary.

There are some of us still here! No time for novices never seemed more true. Unfortunately I also want Obama to win the US election, and that slogan seems to work for McCain.
 
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You are right, no system is perfect but fractional reserve banking is possible the worst system to use. Krugman will obviously knows this as well, which makes it all the worse.

There are, however, some people that can see through the clouds to a bright new future.

http://www.thevenusproject.com/

Seriously? We should be living in 60's-designed bond villain hideouts?

The Venus Project calls for a cybernated society in which computers could replace the outmoded system of electing politicians that in most cases represent the entrenched vested interests. This new technology will not dictate or monitor individual's lives, as in The Venus Project this would be consider socially offensive and counterproductive. Books such as 1984 and Brave New World, and motion pictures such as Blade-Runner and Terminator 2 have spawned fear in some people regarding the takeover of technology in our society. The Venus Project's only purpose is to elevate the spiritual and intellectual potential of all people, while at the same time providing the goods and services that will meet their individual and material needs.

Cybernation is the linking of computers with automated systems. Eventually the central cybernated systems will coordinate all of the machinery and equipment that serve the entire city, the nation and ultimately the world. One can think of this as an electronic autonomic nervous system extending into all areas of the social complex.

For example, in the agricultural belt the computers could automatically monitor and maintain the water table, soil chemistry, and coordinate the planting and harvesting of crops. In the residential sector, the system could maintain environmental cleanliness and the recycling of waste materials.

In addition, to ensure the efficient operation of the city's various functions, all of the processes and services could be equipped with electronic environmental feedback sensors. These sensors could be coordinated with redundant, back-up systems that could operate in the event of failure or breakdown of the city's primary systems.

Eventually, only when cybernation is integrated into all aspects of this new and dynamic culture can computers appropriately serve the needs of all people. No technological civilization can ever operate efficiently and effectively without the integration of cybernetics as an integral part of this new world civilization.

This cybernated complex will utilize advanced imaging technology to project a 3-D "virtual" image of the earth in real time. It will utilize satellite communication systems to provide information on the earth's weather conditions, oceanic currents, resource inventories, population, atmospheric conditions and more. All of this information will be available on demand to everyone.

These proposals, from an engineering standpoint, seem fantastic and unfeasible within the present monetary system; and they are. The sums involved in ventures of this magnitude would be too huge and inconceivable. No government today can possible afford this prodigious undertaking. All of this could only be accomplished in a resource-based world economy where all of the world's resources are held as the common heritage of all of the earth's peoples.

Seems to be thinking ahead a little bit. Not quite sure we have altruistic, intelligent robots to do our bidding just yet... I assume you're joking?
 
He might have got us into this mess, but I have to admit I've been quite impressed with Brown (and Darling's) handling of this crisis. They haven't caved into the banks like the USA did, they held firm and got 60% of RBS and 40% of Lloyds TSB/HBOS. More importantly, I think they've both shown global leadership in this crisis, revelling in Britain's preferred role as an intermediary between the EU and the US. I've always thought that it's a management rite of passage to get yourself into a real mess, then somehow take the credit for getting us out of it.

Time will tell if this actually works, I hope it does but still think we're in for a tough recession which will kill all hopes for another Labour government, but perhaps history might judge Brown a bit more favourably than it might have done.
 
This whole crisis and this plan might turn out to be a blessing in disguise for him, he has shown good leadership throughout and before this I'd say he was as good as gone but if he can pull the UK through and by next May we are on the road to recovery it will boost his numbers by a fair bit.
 
What other viable option had he to take? He's not stupid, he's just incompetent. He brought about the 10p tax system, even after stern warnings that it wouldn't work, but nevertheless, he went straight ahead with it anyway. It is also down to his unnerving addiction to immense spending of our money (a lot wasted).

This crisis would well be the making of him. I bet his approvals ratings go up in a week or so and if he pulls this one off, expect him to come out alarmingly more popular than before. Still, I remain confident that Labour still does not have what it takes to win the next election.
 
What other viable option had he to take? He's not stupid, he's just incompetent. He brought about the 10p tax system, even after stern warnings that it wouldn't work, but nevertheless, he went straight ahead with it anyway. It is also down to his unnerving addiction to immense spending of our money (a lot wasted).

This crisis would well be the making of him. I bet his approvals ratings go up in a week or so and if he pulls this one off, expect him to come out alarmingly more popular than before. Still, I remain confident that Labour still does not have what it takes to win the next election.

And yet we must now assume that you think David Cameron would do a better job? He of course has real economic credentials?
 
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